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News Release

TECO Energy to Webcast its November 8 presentation at the Edison Electric Institute’s Annual Financial Conference

TECO Energy to release third quarter results November 1

TAMPA, October 24, 2011

TECO Energy, Inc. (NYSE: TE) today announced that the company will webcast its presentation to the financial community at the Edison Electric Institute Financial Conference on Tuesday, November 8, 2011, at 9:00 a.m. Eastern time. The company will provide a preliminary discussion of 2012 business drivers and discuss longer-term growth opportunities.

The company previously announced that its 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.

The webcast will be accessible through a link on TECO Energy’s website at: http://www.tecoenergy.com .

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: http://www.tecoenergy.com .

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.

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