News Release

TECO Energy outlook update rescheduled for September 27, 2004 at 3:30 pm

TAMPA, September 20, 2004

TECO Energy, Inc. (NYSE: TE) today announced that it plans to webcast a financial update on Monday, September 27, 2004 at 3:30 PM (Eastern).  The webcast will be concurrent with a presentation to financial analysts.

The update, to be delivered by Chairman and CEO Sherrill Hudson, President and COO John Ramil and Executive Vice President and CFO Gordon Gillette, will include a discussion of the company’s overall strategy, the general outlook for 2004 and beyond, the business factors driving the outlook and the company’s financial position and outlook.

TECO Energy, Inc. (NYSE: TE) is an integrated energy-related holding company with core businesses in the utility sector, complemented by a family of unregulated businesses. Its principal subsidiary, Tampa Electric Company, is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries are engaged in waterborne transportation, coal and synthetic fuel production and independent power.