News Release

TECO Energy to host a Webcast October 30

Management to discuss third quarter results

TAMPA, October 6, 2008

TECO Energy, Inc. (NYSE: TE) today announced that the company will host a Webcast concurrent with a conference call with the financial community on Thursday, October 30, 2008, at 10:00 AM Eastern time.

Executive Vice President and Chief Financial Officer Gordon Gillette will discuss the company’s third quarter results, the outlook for the remainder of the year, and provide an update on TECO Coal’s 2009 outlook.

The company’s third quarter results, including unaudited income statement, balance sheet, statement of cash flow and utility operating statistics, will be released Thursday, October 30, 2008, before the market opens and prior to the call.

The Webcast can be accessed 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.

This third quarter conference call and Webcast is in lieu of the previously scheduled Webcast at the Edison Electric Institute Financial Conference in November.

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 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.