TECO Energy CFO to present at Bank of America Merrill Lynch Power & Gas Leaders Conference
TAMPA, September 17, 2010
TECO Energy, Inc. (NYSE:TE) Chief Financial Officer Sandra W. Callahan will make a presentation at the 2010 Bank of America Merrill Lynch Power & Gas Leaders Conference in New York on Wednesday, September 29, 2010 at 1:30 PM 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 for 30 days following the presentation 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 2010 earnings per share forecast range of $1.25 to $1.35, which was previously updated on August 5, 2010. This forecast is for earnings per share from continuing operations, excluding any charges and gains, but includes a one-time reduction of $24 million to customer's bills at Tampa Electric .
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.
Note: This press release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Actual results may differ materially from those forecasted. The forecasted results are based on the company's current expectations and assumptions, and the company does not undertake to update that information or any other information contained in this press release, except as may be required by law. Factors that could impact actual results include: regulatory actions by federal, state or local authorities; unexpected capital needs or unanticipated reductions in cash flow that affect liquidity; the ability to access the capital and credit markets when required; the availability of adequate rail transportation capacity for the shipment of TECO Coal's production; general economic conditions affecting energy sales at the utility companies; economic conditions, both national and international, affecting the Florida economy and demand for TECO Coal 's production; weather variations and changes in customer energy usage patterns affecting sales and operating costs at Tampa Electric and Peoples Gas and the effect of extreme weather conditions or hurricanes; changes in operating conditions or commodity prices affecting the operating costs and the competitive position of our business and their products and services; increases in operating cost, environmental or safety rule changes that could adversely affect the production levels and margins at TECO Coal; fuel cost recoveries and related cash at Tampa Electric and natural gas demand at Peoples Gas; the ability of TECO Energy's subsidiaries to operate equipment without undue accidents, breakdowns or failures; changes in the U.S. federal tax code on earnings from foreign investments that could reduce earnings; and the ultimate outcome of efforts to revise the significantly lower EEGSA VAD tariff rates implemented by regulatory authorities in Guatemala effective Aug. 1, 2008 affecting TECO Guatemala's results. Additional information is contained under "Risk Factors" in TECO Energy, Inc.'s Annual Report on Form 10-K for the period ended Dec. 31, 2009, and as updated in subsequent SEC filings.