News Release

TECO Energy to webcast presentation to financial community on May 4

TAMPA, May 3, 2004

As announced with the company’s earnings last week, TECO Energy, Inc. (NYSE:TE) plans to provide a live webcast of its presentation to the financial community at the American Gas Association Financial Forum on Tuesday May 4, 2004, at 10:00 AM.

Listeners will be able to access the web cast 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 is a diversified, energy-related holding company headquartered in Tampa. Its principal businesses are Tampa Electric, Peoples Gas System, TECO Coal, TECO Transport and TECO Wholesale Generation.