News Release

TECO Energy to host a Webcast November 7

TAMPA, October 24, 2006

TECO Energy, Inc. (NYSE: TE) today announced that the company will Webcast its presentation to the financial community at the Edison Electric Institute Financial Conference on Tuesday, November 7, 2006, at 10:30 AM Eastern, 7:30 AM Pacific.

Investors, shareholders, media and the public can access the Webcast through a link on TECO Energy’s Web site at:

The Webcast will be available for replay through a link on the Web site starting approximately two hours after the conclusion of the live event; the replay will be available on the Web site for 30 days.

Additional information regarding TECO Energy is available through the Investors section of TECO Energy’s Web site at: .

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.