News Release

TECO Energy to host a webcast July 29th

TAMPA, July 26, 2004

Management team to discuss second quarter results

TECO Energy today announced that company officers will host a Webcast concurrent with a conference call with the financial community on Thursday, July 29, 2004 at 9:00AM EDT. Chairman and CEO Sherrill Hudson, TECO Energy President and COO John Ramil, and Executive Vice President and CFO Gordon L. Gillette will discuss the company’s second quarter results and its focus on the Florida utilities and profitable unregulated businesses.

The company’s second quarter and year-to-date results, including unaudited income statement, balance sheet and statement of cash flow, will be released July 29, 2004 before the market opens.

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

TECO Energy is a diversified energy-related holding company headquartered in Tampa. Its principal businesses are Tampa Electric Company, Peoples Gas System, Inc., TECO Wholesale Generation, Inc. including TWG merchant, Inc. and TWG Non-merchant, Inc., TECO Transport Corporation, TECO Coal Corporation and TECO Solutions, Inc.