News Release

TECO Energy outlook update planned for March 28, 2003

TAMPA, March 4, 2003

TECO Energy, Inc. (NYSE:TE) today announced that it plans to webcast an update of its 2003 outlook and business drivers on Friday March 28, 2003 at 8:15 AM. The webcast will be concurrent with a presentation to financial analysts.

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