News Release

Tampa Electric will issue a Request for Proposal for power generation beginning in 2013

TAMPA, March 27, 2008

Tampa Electric today announced that a Request for Proposal (RFP) process outlining the company’s future power needs and identifying Tampa Electric’s proposed projects will begin on April 11 in accordance with Florida Public Service Commission rules.

This RFP targets needed firm capacity with the overriding objective to solicit competitive bids to satisfy capacity requirements of approximately 555 megawatts (MW) (maximum net summer rating). Tampa Electric favors alternatives that provide the best value to its customers based on cost, reliability and flexibility, as well as environmental performance. The company prefers generating resources located within the Florida Reliability Coordinating Council region of the North American Electric Reliability Corporation.

Proposals will compete with Tampa Electric’s planned generation unit, a 555-MW natural gas-fired combined cycle facility with an expected in-service date of January 1, 2013 at Tampa Electric’s existing Polk Power Station site in Polk County, Florida.

“Tampa Electric’s primary responsibility is the safe delivery of reliable and cost-effective electricity to our customers,” said president Chuck Black. This RFP will allow us to evaluate and select the most cost-effective generation method to meet the growing electrical needs of our customers.”

The RFP will be available to interested parties on Friday, April 11, 2008, on the Tampa Electric Web site www.tampaelectric.com/2013powerrfp. Proposals must be received by 12:00 Noon, EDT on Tuesday, June 10, 2008.

An RFP Workshop will be held on Friday, April 25, 2008 to provide a more detailed review of the requirements of the RFP process. Information about these sessions can be obtained by visiting the Web site or contacting the Tampa Electric contact person listed below.

After screenings and evaluations are complete, a short list of proposals is expected to be announced in July 2008.

Tampa Electric retains the right during the process to: select a combination of proposals; select a proposal or combination of proposals that is not the lowest price proposal or combination; waive non-compliance in any proposal; reject any and all proposals; and modify or cancel the RFP.

As always, Tampa Electric will seek to complement its conventional generation portfolio, including this generation need, with energy-efficiency initiatives. Since 1981, Tampa Electric’s conservation programs have offset the need to generate enough electricity to serve approximately 609,000 average-size homes over a 12-month period. This equals summer demand savings of approximately 220 megawatts and winter savings of 616 megawatts for a cumulative energy savings of 8,935 gigawatt-hours, approximately equivalent to a 7,747,712-ton reduction of carbon dioxide from the air.

An RFP Pre-Release/Teleconference will be held on Monday, March 31, 2008. Potential bidders can obtain additional information about Tampa Electric’s RFP by visiting www.tampaelectric.com/2013powerrfp or by contacting Jose B. Quintas, Manager of Wholesale Contracts, Tampa Electric, P.O. Box 111, Tampa, FL 33601, or at 813-228-1344 or via email at jbquintas@tecoenergy.com.

Tampa Electric Company is the principal subsidiary of TECO Energy, Inc. (NYSE: TE), an energy-related holding company with regulated utility operations in Florida including both Tampa Electric and Peoples Gas System. Other subsidiaries include TECO Coal, which owns and operates coal production facilities in Kentucky and Virginia, and TECO Guatemala, which is engaged in electric power generation and distribution and energy-related businesses in Guatemala.

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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