News Release

TECO Energy declares quarterly dividend

TAMPA, January 30, 2008

At its meeting today, the Board of Directors of TECO Energy, Inc. declared a dividend of 19.5 cents per share on the company’s common stock. The dividend is payable February 28 to shareholders of record as of February 15.

TECO Energy, Inc. (NYSE: TE) is an energy-related holding company. Its principal subsidiary, Tampa Electric Company, is a regulated utility in Florida with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries include TECO Coal, which owns and operates coal production facilities in Kentucky and Virginia, and TECO Guatemala, which is engaged in electric power generation and distribution and energy-related businesses in Guatemala.