News Release

TECO Energy board names Sandra W. “Sandy” Callahan senior vice president

TAMPA, February 2, 2011

The TECO Energy board of directors named Sandra W. “Sandy” Callahan as senior vice president of Finance & Accounting on Wednesday. She will retain the position of chief financial officer. The promotion is effective immediately.

She is responsible for all corporate and operational accounting functions, corporate taxes, investor relations, corporate finance and risk oversight.

“Sandy’s promotion to senior vice president is well deserved,” said John Ramil, TECO Energy president and chief executive officer. “Sandy is well respected throughout TECO Energy and the energy industry, as well as throughout the financial and investment communities.

“Over the years, Sandy and her group have done great work for TECO Energy, paying down debt and securing needed financing. Her leadership has helped TECO Energy grow and remain financially strong, and I’m glad to see her hard work recognized.”

Since July 2009, Callahan served as TECO Energy vice president of Finance & Accounting and CFO. Before that, she was vice president of Treasury and Risk Management for TECO Energy, and served as the company’s chief accounting officer. Callahan joined TECO Energy in 1988 as director of Internal Audit, and served in several corporate finance positions before being named treasurer in 1995.

Before joining TECO Energy, Callahan was an audit manager with the Tampa office of Coopers & Lybrand, a major public accounting firm.

Callahan serves on the board of directors for the Greater Tampa Chamber of Commerce; Tampa’s Lowry Park Zoo, including its finance committee; the Florida Self-Insurers Guaranty Association (FSIGA), where she sits on the finance and audit committees; and the Tampa Club. She also serves on the Executive Advisory Council for the University of South Florida’s College of Business Administration.

Callahan graduated from the University of Baltimore with a Bachelor of Science in Finance, and attended the University of South Florida in Tampa before sitting for the Certified Public Accountant examination in 1981. She earned state and national honors for that examination and has been a licensed CPA in Florida since 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 energy-related businesses in Guatemala.