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News Release

Despite continued weather challenges, Tampa Electric restores about half of Charley outages in 24 hours

TAMPA, August 14, 2004

Tampa Electric today reported that its team has restored power to about 50 percent of Tampa Electric customers with outages from Hurricane Charley, all within 24 hours of the storm exiting its service territory. The original number of outages was approximately 78,000.

Vice President-Energy Delivery Tom Hernandez said, "We've experienced continued challenges with strong thunderstorms following Hurricane Charley, but our team has kept pace and in fact restored nearly 40,000 customers since last night."

Hernandez added that the additional weather-related challenges have occurred in areas other than the Winter Haven/Polk County area originally affected by Charley. He reiterated the company's goal of restoring all affected customers by Friday.

Despite early progress, the remaining work to be done is likely to take longer, taking into consideration significant and extensive damage to the company's transmission and distribution equipment.

Tampa Electric is the principal subsidiary of TECO Energy, Inc. (NYSE: TE), a diversified, energy-related holding company based in Tampa, Florida. Other TECO Energy subsidiaries include Peoples Gas System, TECO Wholesale Generation, TECO Transport and TECO Coal.

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CHERIE JACOBS
TECO Energy, Tampa Electric, Peoples Gas
TECO Energy, Inc.
702 N. Franklin Street
Tampa, Florida 33602
E-mail: cljacobs@tecoenergy.com Email Icon