News Release

TECO Energy declares quarterly dividend

TAMPA, May 4, 2016

At its meeting today, the board of directors of TECO Energy declared a dividend of 23 cents per share on the company’s common stock. The dividend is payable May 27 to shareholders of record as of May 16.

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 nearly 725,000 customers in West Central Florida; Peoples Gas System serves nearly 365,000 customers across Florida; and New Mexico Gas Co . serves more than 515,000 customers across New Mexico.