TECO Energy COO to present at Bank of America Merrill Lynch Power & Gas Leaders Conference
TAMPA, September 18, 2009
TECO Energy, Inc. (NYSE:TE) President and COO John Ramil will make a presentation at the 2009 Bank of America Merrill Lynch Power & Gas Leaders Conference in New York on Wednesday, September 23, 2009 at 9:15 AM Eastern time.
An audio Webcast of the live presentation will be accessible through a link on TECO Energy’s home page at www.tecoenergy.com. The Webcast will be available for replay within 24 hours of the live event and will be available through Oct. 9, 2009 for those unable to listen to the live Webcast. The slides that will accompany the Webcast will be available on the Investors page of TECO Energy’s Web site.
In conjunction with this presentation and meetings with investors, TECO Energy is reaffirming its 2009 earnings per share forecast range of $1.00 to $1.15 for 2009, which was previously updated July 28, 2009. This forecast is for earnings per share from continuing operations, excluding any charges and gains.
The 2009 guidance was initially provided in May in the form of a range to allow for varying outcomes with respect to important variables, such as the Florida economy, weather and customer usage at the Florida utilities, pricing and demand for production at TECO Coal, resolution of the lower value added distribution tariff (VAD) at EEGSA, the distribution utility in Guatemala, and unplanned generating unit outages at TECO Guatemala. In the first six months of the year, the Florida utilities experienced lower sales and a 0.2% decline in the number of retail customers due to continued weakness in the Florida economy. At TECO Coal, demand for uncontracted metallurgical coal remained weak due to the worldwide economic slowdown, and customers have deferred deliveries under existing contracts as inventories remain high at customer’s facilities. At TECO Guatemala, the San José Power Station resumed operation in early July; however, the lower VAD remains in place at EEGSA with no firm schedule for a resolution.
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.