News Release

TECO Energy names new board member

TAMPA, November 18, 2004

TECO Energy today announced the election of Paul L. Whiting to its board of directors. Whiting has more than 35 years of experience in finance and administration and currently is Chairman of the Board of Sykes Enterprises, Inc. and is on the board of directors for The Bank of Tampa.

Chairman and CEO Sherrill Hudson said, “Paul’s broad financial background and proven leadership make him an excellent addition to our board. We expect that he will make a significant contribution as we continue to implement our business strategy, centered on TECO Energy’s utility, transportation and coal businesses.”

Whiting has led companies in a variety of industries, including most recently Spalding & Evenflo Companies, Inc., a leading manufacturer and licensor of branded consumer products serving the sporting and juvenile goods markets. During his nearly 20 years at Spalding and Evenflo and its predecessor and affiliates, he served in a variety of leadership roles, including as Senior Vice President, Chief Financial Officer and Treasurer; President and Chief Operating Officer; and Chief Executive Officer.

Prior to that service, Whiting headed finance and administration for Lawrence Systems, a subsidiary of INA Corporation which specialized in collateral control services, and EDAX International, Inc., a privately owned manufacturer of sophisticated electronic systems for elemental analysis.

Whiting earned his bachelor’s degree in Economics from Benedictine University and did graduate business study at the University of Illinois.

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.