News Release

TECO Energy Legal Department announces two executive promotions, one new executive position

TAMPA, July 26, 2001

At its quarterly meeting last week, TECO Energy's Board of Directors elected Sheila McDevitt to the position of senior vice president, general counsel and chief legal officer. Previously, McDevitt was the company's vice president and general counsel.

The company also announced today that Charles Attal III has been elected to the newly created position of vice president and deputy general counsel.

Additionally, David Schwartz, formerly chief counsel and corporate secretary, has been elected vice president, assistant general counsel and corporate secretary.

Both Attal and Schwartz will report to McDevitt.

Sheila McDevitt

McDevitt became TECO Energy's vice president and general counsel in 1999. She joined Tampa Electric as government affairs counsel in 1981 and was soon promoted to corporate counsel. She served as senior corporate counsel before being promoted to assistant vice president, and then to vice president and assistant general counsel in 1993.

McDevitt received her bachelor's and law degrees from Florida State University and was admitted to The Florida Bar in 1978. She has been admitted to practice in all Florida courts and the U.S. District Court for the Middle District of Florida. In 1989, McDevitt was admitted to practice before the U.S. Supreme Court.

McDevitt has served as a member of U.S. Senator Connie Mack's Judicial Advisory Commission. She has also served as a member of The Florida Bar Judicial Administration and Selection and Judicial Nominating Procedures Committee.

McDevitt is currently the vice chairman of the St. Leo University Board of Trustees and is on the Board of Visitors of Florida State University's College of Law. She also serves on the legal planning committee of Edison Electric Institute and the Board of Advisors for the Centre for Women. She is a past chair of the Board of Trustees of the Lowry Park Zoological Society and is currently a member of its Board of Trustees. She has been a member of the Board of West Coast Easter Seals, the Board of Directors of The University of Tampa's Center for Ethics and the Board of Directors of The Florida Aquarium.

Earlier this year, McDevitt was appointed by Florida Governor Jeb Bush to the Judicial Nominating Commission for the 13th Judicial Circuit. In 2000, she was appointed by Gov. Bush to serve as a member of The Florida Humanities Council. TECO Energy's TECO Transport subsidiary this year honored her with the naming of its most recent vessel acquisition after her: the M/V Sheila McDevitt.

Charles Attal III

Attal currently practices in the areas of general corporate transactions, energy risk management and trading and natural gas and electricity marketing. As vice president and deputy general counsel, he will oversee the day-to-day operations of TECO Energy's Legal Department. He will also provide advice and legal counsel to the officers and management of TECO Energy, Inc., and all of its operating companies, including on complex commercial transactions crossing many disciplines and on projects being considered for investment.

Since May 2000, Attal has been "of counsel" to the Project Development and Finance Practice Group of Troutman Sanders LLP in Atlanta, Georgia. Prior to that, he gained 15 years of experience as an attorney for Mobil Corporation, including the following positions: senior counsel, Mobil Corporation Office of Legal Counsel, Transportation and Trade; director and general counsel, Mobil Oil Hong Kong Ltd.; Counsel, Mobil Europe Ltd., London; and senior legal advisor, Mobil Oil Pte. Ltd., Singapore.

Durng his last four-year assignment at Mobil, Attal was responsible for the legal aspects of the company's global risk management strategies and derivatives trading.

Attal received both his bachelor's degree and his law degree from the University of South Carolina, where he served as the articles editor for the South Carolina Law Review. He also has a master's degree in Public Policy from Rutgers University.

David Schwartz

As vice president, assistant general counsel and corporate secretary, Schwartz is responsible for all legal matters concerning securities, corporate finance and corporate governance. In addition, he will support the corporate oversight of the energy risk management function.

Prior to coming to TECO Energy in 1992, Schwartz was an associate at the Houston law firm of Baker & Botts, also with a corporate and securities focus.

Schwartz is a currently serving as co-chair of the Hillsborough County Bar Association's Corporate Counsel Section and is active in committees of the American Corporate Counsel Association and the American Society of Corporate Secretaries.

He received his bachelor's degree in finance from the University of Texas at Austin and his law degree from the University of Texas Law School.

TECO Energy (NYSE:TE) is a diversified, energy-related holding company headquartered in Tampa. Its principal businesses are Tampa Electric, Peoples Gas, TECO Power Services, TECO Transport, TECO Coal, TECO Coalbed Methane, TECO Propane Ventures and TECO Solutions.