News Release

TECO Energy declares quarterly dividend

TAMPA, January 20, 1999

At its meeting today, the Board of Directors of TECO Energy, Inc. declared a quarterly dividend of 31 cents per share on the company's common stock. The dividend is payable Feb. 15 to shareholders of record as of Feb. 1.

TECO Energy is a diversified energy-related holding company headquartered in Tampa. Its principal businesses are Tampa Electric, Peoples Gas, TECO Transport, TECO Coal, TECO Coalbed Methane, TECO Power Services, Bosek, Gibson and Associates.