News Release

TECO Energy names John Ramil chief executive officer

Sherrill Hudson, who helped rebuild the company’s financial health, will serve as executive chairman of the board of directors through December 2012.

TAMPA, August 4, 2010

Today the board of directors for TECO Energy Inc. (NYSE: TE) named John B. Ramil, formerly president and chief operating officer, as president and chief executive officer. Ramil succeeds Chairman of the Board and Chief Executive Officer Sherrill W. Hudson, who will serve as executive chairman of the board through December 2012.

Speaking on behalf of the board, Sherrill Hudson said, “John Ramil’s extensive experience at TECO Energy and knowledge of the industry gives him a unique perspective, and we are extremely confident in John’s ability to lead the company to the next level.”

Ramil said, “I am very excited to be taking over as CEO of TECO Energy at this time, and I look forward to the challenges and opportunities that lie ahead. Our proven leadership team is dedicated to continue balancing the environmental, energy and economic challenges we face as a company, while we explore new opportunities in our business. Our team members have served our customers and community reliably for more than 110 years, and we are ready to take on the next 110 years.”

Ramil was named TECO Energy’s president and chief operating officer in July 2004, and since that time has been responsible for operations at TECO Energy’s four business units: Tampa Electric, Peoples Gas, TECO Coal and TECO Guatemala. Ramil was named to TECO Energy’s board of directors in January 2008. He previously served in a variety of officer positions, including president of Tampa Electric Company and chief financial officer for TECO Energy. He also has held a variety of positions in engineering, operations, marketing, customer service and environmental at Tampa Electric.

Ramil has been with TECO Energy for more than 34 years, joining Tampa Electric in March 1976 as a cooperative education student while attending the University of South Florida, where he received his Bachelor of Science and Master of Science in Engineering. He is a member of Tau Beta Pi, the engineering honor society, and has completed several post graduate courses, including The Advanced Management Program at the Harvard Business School.

Ramil is extremely involved in the community. Most recently, the board of trustees at the University of South Florida elected him as chair. He also has been active in many organizations, including the Florida Chamber of Commerce, the Tampa Bay Partnership and the Edison Electric Institute, where he recently was elected to the board and represents TECO Energy’s interests on important federal policy initiatives and strategies affecting utilities and their customers.

“I am proud to be part of this team and to follow Sherrill who provided a strong stabilizing influence as we made our way back to the traditional TECO performance that our constituents have come to rely on,” Ramil said.

Hudson, who was named TECO Energy’s chairman and CEO in July 2004, will serve as executive chairman until the end of 2012, at which time he will retire. He has been a TECO Energy director since January 2003, serving as chair of the Audit Committee until being named chairman and CEO and is also a member of the Finance Committee. Hudson also serves on the boards of Publix Super Markets and Lennar.

Prior to joining TECO Energy, Hudson was employed by Deloitte & Touche LLP for 37 years. He spent 19 years in Miami as managing partner of Deloitte’s South Florida offices, which included oversight responsibilities for Deloitte’s Florida and Puerto Rico offices for much of that time.

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.