News Release

TECO Transport assists the USDA with food aid to Lebanon

TAMPA, August 24, 2006

TECO Ocean Shipping, a division of Tampa-based TECO Transport, has agreed to assist the U.S. Department of Agriculture to deliver 25,000 tons of hard red winter wheat to Lebanon. The M/V Sheila McDevitt departed the Port of Houston with the wheat cargo on Sunday, Aug. 20, 2006, bound for Mombasa, Kenya. TECO Transport received an inquiry from the USDA on Monday, Aug. 21 concerning the availability of the M/V Sheila McDevitt to deliver her wheat cargo to the Port of Beirut.

After communications between the U.S. Ambassador to Lebanon and TECO Transport officials, the decision was made to make the M/V Sheila McDevitt available for this endeavor. Wednesday, Aug. 23, at approximately 9 a.m., the M/V Sheila McDevitt was approaching the Straits of Florida off the Florida Keys when TECO Ocean Shipping received official approval from the USDA to divert her to Lebanon.

President Sal Litrico said "All of us at TECO Transport are proud to assist the U.S. Government in this vital humanitarian mission. We are pleased to put our reliable, dependable waterborne transportation services to work for the Department of Agriculture. Our first concern is always the safety of our team. We’ve been assured that we’ll have safe passage to and from Beirut."

TECO Ocean Shipping is a subsidiary of TECO Transport, the waterborne transportation subsidiary of TECO Energy, Inc. (NYSE: TE), an integrated energy-related holding company with regulated utility businesses, complemented by a family of unregulated businesses. Its principal subsidiary is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas). In addition to waterborne transportation, other subsidiaries are engaged in coal mining and electricity generation and distribution in Guatemala.