News Release

TECO Energy to webcast presentation to financial community on October 28

TAMPA, October 21, 2003

TECO Energy, Inc. (NYSE:TE) today announced that it plans to provide a live webcast of its presentation to the financial community at the Edison Electric Institute Financial Conference on Tuesday, October 28, at 9:00 AM ET.

Listeners will be able to access the webcast through the link on the TECO Energy home page. The presentation will be available for replay on the TECO Energy web site for 30 days after the presentation.

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.