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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
TECO Energy, Inc.
Type
Subsidiary
Industry Energy
Founded 1899
Headquarters Tampa, Florida, United States
Key people

Gordon Gillette (CEO Tampa Electric Company, and President, Emera Florida Operations)
T.J. Szelistowski (President Peoples Gas Company

Sarah MacDonald (President TECO Services)
Revenue
  • Increase US$ 2,566.4 million (2014)
  • US$ 2,355.1 million (2013)
Net income
  • Increase US$ 206.4 million (2014)
  • US$ 188.7 million (2013)
Total assets
  • Increase US$ 8,726.2 million (2014)
  • US$ 7,448.0 million (2013)
Total equity
  • Increase US$ 2,333.7 million (2013)
  • US$ 2,291.8 million (2012)
Number of employees
3,200 (Note: Previous publicly reported employee count included New Mexico Gas Company)
Parent Emera Incorporated
Website www.tecoenergy.com

TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, providing electricity to the greater Tampa area and central Florida, and natural gas throughout the state of Florida through its subsidiaries Tampa Electric Company and Peoples Gas Company respectively. Another subsidiary, TECO Services, Inc., provides IT, HR, legal, facilities, and other common services to Tampa Electric, Peoples Gas, and former TECO subsidiary New Mexico Gas Company. On September 4, 2015, Emera, a utility holding company based in Halifax, Nova Scotia, Canada, announced the pending acquisition of TECO Energy. That purchase closed on July 1, 2016, and TECO Energy, Inc. is now a wholly owned subsidiary of Emera, Inc.

In 2000, TECO Energy was fined $3.5 million for making changes to emissions producing facilities without installing new updated pollution controls. This led to the switch from coal to natural gas in one of its plants by 2004 and optimization of pollution controls in another. These changes were enacted to drastically cut emissions, notably sulfur dioxide and nitrogen oxide emissions.

TECO Energy completed a $330 million emissions control project in 2010, which its Big Bend Power Station one of the cleanest coal-fired power plants in the nation. The renovation reduced nitrogen oxide emissions at the plant by approximately 91 percent from levels recorded in 1998.

Since 1998, TECO has invested $1.2 billion in improvements to the company's systems, including the re-powering of the previously coal-fired Bayside Power Station to natural gas and the addition of pollution controls on a second, reducing sulfur dioxide and nitrogen oxide emissions by more than 91 percent and carbon dioxide levels by 20 percent from 1998 levels.

On September 28, 2017, TECO announced it was adding 600 MW of solar to its electricity-producing portfolio.

Investment goal date:
Dividends reinvested
TECO Energy, Inc. TE report Q1 2016
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2016
2016-11-01
--
--
Q2 2016
2016-08-04
--
--
Q1 2016
2016-05-05
0.3100
0.3100
Q4 2015
2016-02-04
0.2300
0.2200
Q3 2015
2015-11-05
0.3300
0.2800
Q2 2015
2015-07-30
0.2600
0.2600
Q1 2015
2015-04-28
0.2800
0.2700
Q4 2014
2015-02-09
0.1900
0.1100
Q3 2014
2014-10-31
0.3200
0.3200
Q2 2014
2014-07-31
0.2800
0.2700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BAIRD ROBERT W & CO INC /WI/
39702
BOSTON PRIVATE BANK & TRUST CO
2394
CITY NATIONAL BANK
653854
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10500
Gary Goldberg Planning Services Inc
462125
GREEN ARROW CAPITAL MANAGEMENT LLC
280130
MANAGED ACCOUNT ADVISORS LLC
850024
NEW ENGLAND SECURITIES CORP /MA/
3779
Placemark Investments, Inc.
101141
ROYAL LONDON ASSET MANAGEMENT LTD
77546
RUSSELL FRANK CO/
119611
SHAPIRO ROBERT N
13462
TOMPKINS FINANCIAL CORP
6506
VSR Financial Services, Inc.
17939
VTL Associates, LLC
24824
Major Shareholders
Name Relationship
Total Shares
Holding stocks
AUSLEY DUBOSE
0.0100% (34439)
CCBG / HURN / TE /
Brown Deirdre A
0.0400% (88636)
TE /
% ()