News Release

TECO Energy outlook webcast March 23, 2005

TAMPA, March 17, 2005

TECO Energy, Inc. (NYSE:TE) today announced that it plans to webcast an update of its 2005 and longer-range outlook on Wednesday March 23, 2005 at 8:00 AM.  The webcast will be concurrent with a presentation to financial analysts.

The update, to be delivered by Sherrill Hudson, Chairman and CEO, John Ramil, President and COO, and Gordon Gillette, Executive Vice President and CFO, will include a discussion of the company’s overall outlook and longer-range plans including, the outlook for 2005 and beyond and the company’s financial position and expectations focused primarily on the 2005 through 2007 period.

TECO Energy, Inc. (NYSE: TE) is an integrated energy-related holding company with regulated utility businesses, 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 electric generation and distribution in Guatemala.