News Release

TECO Energy to host a Webcast November 1

Management to discuss third-quarter results and 2011 outlook

TAMPA, October 12, 2011

TECO Energy, Inc. (NYSE: TE) today announced that the company will host a webcast concurrent with a conference call with the financial community on Tuesday, November 1, 2011, at 5:00 p.m. Eastern time.

Senior Vice President and Chief Financial Officer Sandra Callahan will discuss the company’s third-quarter results, outlook for the remainder of 2011 and a preliminary discussion of the 2012 business drivers.

The company’s third-quarter results, including unaudited income statement, balance sheet, statement of cash flow and utility operating statistics, will be released Tuesday, November 1, 2011, after the market closes and prior to the call.

The webcast will be accessible through a link on TECO Energy’s website at: .

The webcast will be available for replay through a link on the website starting approximately two hours after the conclusion of the live event; the replay will be available on the website for 30 days.

Additional information regarding TECO Energy is available through the Investors section of TECO Energy’s website at: .

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.