News Release

TECO Energy’s rescheduled webcast February 9th at 10:00 am

TAMPA, February 5, 2004

Management to discuss 2003 results, Union and Gila River projects and 2004

TECO Energy’s officers will host a Webcast concurrent with a conference call with the financial community on Monday, February 9, 2004 at 10:00AM EST. Chairman, President and CEO Robert D. Fagan and Senior Vice President Finance and CFO Gordon L. Gillette will discuss the Union and Gila River project announcement made February 5, 2003, the company’s 2003 results, and a brief overview of company’s outlook for 2004.

The company’s fourth quarter and full year results, including financial statements, will be released February 9, 2004 before the market opens.

Investors, shareholders, media and the publaic can access the web cast through the TECO Energy Web site.

The web cast will be available for replay through a link on the Web site two hours after the conclusion of the live event.