News Release

TECO Energy to host webcast on Wednesday, Sept. 25

TAMPA, September 24, 2002

Top management will discuss 2002 outlook and intial outlook for 2003

TECO Energy today announced that Chairman, President and CEO Robert D. Fagan and Senior Vice President and CFO Gordon L. Gillette will host a webcast on Wednesday, September 25, 2002 at 9:00 a.m. Eastern Standard Time. Fagan and Gillette will discuss the company’s 2002 outlook and provide an initial outlook for 2003.

Investors, shareholders, media and the public can access the webcast through the TECO Energy Web site. The webcast will be available for replay through a link on the site beginning two hours after the conclusion of the live event.

TECO Energy (NYSE: TE) is a diversified, energy-related holding company based in Tampa. Its mix of regulated and unregulated businesses include Tampa Electric, Peoples Gas System, TECO Power Services, TECO Transport, TECO Coal, TECO Coalbed Methane and TECO Solutions.