News Release

Roger Kessel to retire from TECO Energy

TAMPA, October 26, 1999

Roger H. Kessel, executive vice president, TECO Energy, Inc., announced his retirement from the company, effective Dec. 31, 1999. Kessel has been with TECO Energy since 1989.

"Roger has been a tremendous asset to TECO Energy and a major contributor to our company’s growth over the past decade. He will be missed, and we wish him a very happy retirement," said Robert D. Fagan, president and chief executive officer.

"TECO and Tampa have been wonderful places to work and live, and we will miss both dearly. But, my wife Barbara and I look forward to returning to the Northeast and spending more time with our family," Kessel said.

Kessel joined the company as vice president and general counsel in 1989. He took on the office of corporate secretary in 1992, and in 1998 was named senior vice president-Legal and Regulatory Affairs. In January 1999, he was promoted to executive vice president.

During his tenure, Kessel was responsible for legal and regulatory strategy. He has played an important role in major developments affecting the company, including the merger of the Peoples Gas companies into TECO Energy.

An active participant in the local arts community, Kessel has served on the boards of directors and executive committees of the Tampa Bay Business Committee for the Arts and the H.B. Plant Museum. In addition, he also served as chairperson of the Cultural Affairs Committee of the Greater Tampa Chamber of Commerce. Kessel was the first person to receive the Tampa Bay Business Committee for the Arts’ Distinguished Leadership Award in 1994.

Prior to joining TECO Energy, Kessel was a partner at Nixon Peabody LLP, a law firm in Rochester, NY, where his practice focused on corporate and securities laws, mergers and acquisitions, finance and utilities regulation.

Kessel and his wife Barbara have two children.

TECO Energy is a diversified, energy-related utility holding company. Its principal businesses include Tampa Electric Company, Peoples Gas, TECO Coal, TECO Transport, TECO Power Services, and Bosek, Gibson and Associates.