News Release

TECO Energy declares quarterly dividend

TAMPA, November 3, 2010

At its meeting today, the Board of Directors of TECO Energy, Inc. declared a dividend of 20.5 cents per share on the company’s common stock. The dividend is payable November 26 to shareholders of record as of November 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 in Guatemala.