TECO Energy leaders to participate in climate change summit
Company applauds Governor Crist for starting a comprehensive process to address climate concerns, offers its position on environmental policy
TAMPA, July 11, 2007
TECO Energy (NYSE:TE) today announced that Chairman and CEO Sherrill Hudson and President and COO John Ramil plan to participate in Florida’s Serve to Preserve Climate Change Summit on July 12 and 13, 2007.
The company, a national leader in achieving significant reductions in power plant emissions, applauded Governor Crist for his leadership in establishing the summit and beginning a comprehensive process to address climate change concerns in the State of Florida, taking all carbon-emitting industries into consideration.
“We’re excited to be among those participating in this historic event, and to provide input to a longer-term process that involves consumers and businesses throughout the state, and all areas of government,” said Hudson.
“Our own record at Tampa Electric speaks to our commitment to the environmentally responsible production of power. Since 1998, we have invested $1.2 billion in improvements to our system, including the repowering of one coal-fired station to natural gas and the addition of state-of-the-art pollution controls on a second,” said Ramil. “We have a long history of working cooperatively with government agencies to improve our system and comply with regulations, rather than fight them.”
TECO Energy’s central philosophy with regard to environmental policy is that it cannot be developed separately from energy policy or economic policy. Only by addressing all three together can policy makers and consumers understand the effects of environmental requirements on energy options and energy prices.
“All of us at TECO Energy and Tampa Electric take very seriously our obligation to balance the need to provide our customers with reliable, affordable electricity with our need to produce power in a way that minimizes impacts to the environment,” added Ramil. “We have proven through our previous actions that such a balance is possible, and we look forward to providing input as the state’s new policies take shape.”
Tampa Electric Company is the principal subsidiary of TECO Energy, Inc. (NYSE: TE), an integrated energy-related holding company with core businesses in the utility sector, complemented by a family of unregulated businesses. Tampa Electric Company is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries are engaged in waterborne transportation, coal and synthetic fuel production and independent power.