News Release

TECO Energy declares quarterly dividend

TAMPA, October 31, 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 Nov. 28 to shareholders of record as of Nov. 13.

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 ). Its other major subsidiary, TECO Coal, owns and operates coal production facilities in Kentucky and Virginia.