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News Release

TECO Energy declares quarterly dividend

TAMPA, August 1, 2012

At its meeting today, the board of directors of TECO Energy declared a dividend of 22 cents per share on the company’s common stock. The dividend is payable Aug. 28 to shareholders of record as of Aug. 14.

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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