TECO Energy CEO to present at Wolfe Research Power & Gas Leaders Conference Sept. 18
TAMPA, September 11, 2014
TECO Energy Inc. (NYSE:TE) Chief Executive Officer John B. Ramil will participate in a panel discussion at the 2014 Wolfe Research Power & Gas Leaders Conference in New York on Thursday, Sept. 18, 2014.
TECO Energy also will meet with investors at that conference on the same day. The slides that will be used in the panel discussion and investor discussions will be available on the Investors’ page of TECO Energy’s website on Thursday, Sept. 18.
In conjunction with these meetings with investors, TECO Energy is reaffirming its 2014 earnings-per-share forecast from utility operations, including the results from New Mexico Gas Co. Inc. (which TECO Energy acquired on Sept. 2, 2014) for the final four months of the year, in a range of $1.00 to $1.05, as updated on July 31, 2014. TECO Energy is also maintaining its 2014 consolidated earnings-per-share forecast in a range between $0.95 and $1.05. This forecast is for earnings per share from continuing operations, excluding any charges.
TECO Energy Inc. (NYSE: TE) is an energy-related holding company with regulated electric and gas utilities in Florida and New Mexico. Tampa Electric serves more than 700,000 customers in West Central Florida; Peoples Gas System serves more than 350,000 customers across Florida; and New Mexico Gas Co. serves more than 513,000 customers across New Mexico. Other TECO Energy subsidiaries include TECO Coal, which owns and operates coal-production facilities in Kentucky, Tennessee and Virginia.
Note: This press release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Actual results may differ materially from those forecasted. The forecasted results are based on the company's current expectations and assumptions, and the company does not undertake to update that information or any other information contained in this press release, except as may be required by law. Factors that could impact actual results include: the ability of TECO Energy to successfully integrate and obtain the anticipated results and synergies from the New Mexico Gas Co. acquisition; regulatory actions by federal, state or local authorities; unexpected capital needs or unanticipated reductions in cash flow that affect liquidity; the ability to access the capital and credit markets when required; general economic conditions affecting energy sales at the utility companies; economic conditions, both national and international, affecting the Florida and New Mexico economies and demand for TECO Coal’s production; costs for alternate fuels used for power generation affecting demand for TECO Coal’s thermal coal production; operating costs and environmental or safety regulations affecting production levels and margins at TECO Coal ; weather variations and customer energy usage patterns affecting sales and operating costs at the utilities and the effect of weather conditions on energy consumption; and the effect of extreme weather conditions or hurricanes; general operating conditions; input commodity prices affecting costs at all of the operating companies; natural gas demand at the utilities ; and the ability of TECO Energy's subsidiaries to operate equipment without undue accidents, breakdowns or failures. Additional information is contained under "Risk Factors" in TECO Energy, Inc.'s Annual Report on Form 10-K for the period ended Dec. 31, 2013, and as updated in subsequent filings with the Securities and Exchange Commission.