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Vital Statistics

Tampa Electric Vital Statistics

Tampa Electric Company is a wholly-owned subsidiary of TECO Energy, Inc. and is composed of the electric division, Tampa Electric, and the natural gas division, Peoples Gas Systems. TECO Energy common stock (TE), listed on the New York Stock Exchange, is owned by approximately 16,000 shareholders. As of December 31, 2008, TECO Energy had 212.9 million shares of outstanding common stock. During 2008 the stock traded between $10.50 and $21.99 per share and closed the year at $12.35.

Service Area

Tampa Electric serves more than 667,000 customers in about 2,000 square miles in West Central Florida, including nearly all of Hillsborough County and parts of Polk, Pasco and Pinellas counties.

Power Stations

Tampa Electric has five electric generating power stations in service. As of December 2008, Tampa Elecric had a net generating capability of 4,477 megawatts (MW). These plants, the fuel they use and their generating capabilities are listed below:

  MW
Bayside (gas) 1,837
Big Bend (coal) 1,607
Polk Unit 1 (coal) 255
Polk Unit 2 - 5 (natural gas/oil) 736
Phillips (oil) 36
City of Tampa 6
System total 4,477


Demand

Tampa Electric's peak demand occurs in the winter primarily because of electric heating. An all-time winter instantaneous peak load record of 4,742 MW was set on January 11, 2010. Summer peaks are brought on primarily by air conditioning. An all-time summer instantaneous peak load record of 4,352 MW was set on August 20, 2007.

Regulation

Tampa Electric's retail and wholesale operations are regulated by the Florida Public Service Commission and Federal Energy Regulatory Commission, respectively. Prices allowed by both agencies are generally based on recovery of prudent costs incurred, plus a reasonable return on invested capital.

Company Statistics

 
  2008 2007
Average Customers
Residential 587,602 586,776
Commercial 70,770 70,891
Industrial 1,421 1,494
Other 7,473

7,193

Total 667,266

666,354

 
 
Revenues (millions) $2,091.2 $2,188.4
 
 
Retail Megawatt-Hours Sold (millions)
Residential 8,546 8,871
Commercial 6,399 6,542
Industrial 2,205 2,366
Other 1,840

1,754

Total 18,990

19,533

 
 
Average Kwh Per Residential Customer
Kilowatt-hour usage 14,545 15,119
Revenue produced from residential customer per Kwh $1,670.7 $1,734.8
 
 
Revenue Dollar (came from)
Residential $0.47 $0.46
Commercial 0.31 0.30
Industrial 0.08 0.09
Sales for resale 0.03 0.03
Other 0.11 0.12
 
Revenue Dollar (went to)
Fuel & purchased power $0.54 $0.56
Taxes 0.10 0.10
Capital 0.21 0.20
Payroll & benefits 0.07 0.06
Other 0.08 0.08
 
 
Generation Mix (percent)
Coal 59% 58%
Gas 40% 41%
Oil 1% 1%
 
 
Fuel Use
Coal (million tons) 4.6 4.7

Oil (million barrels)

54 58
Natural gas (millions cubic feet) 92,344 120,260
Fuel costs (millions) $819.4 $947.9
 
 
Plant Investments
Total (billions) $6.0 $5.6
Per customer $8,931.5 $8,388.6
 
Construction (millions) $479.7 $373.8
 
Taxes (millions)
Federal income $70.0 $72.7
State income $11.9 $12.5
Local property $40.3 $41.5
State gross receipts $48.4 $49.9
Municipal franchise fees $36.3 $37.3
Other $11.5

$11.7

Total $218.4

$225.6

 
 
Interest Costs
Interest expense (millions) $117.1 $113.9
Average cost of debt 6.82% 6.44%
 
 
TECO Energy Dividends (millions) $168.6 $163.0
 
 
Tampa Electric Team Members 2,535 2,531
Tampa Electric is a TECO Energy company | Peoples Gas | TECO Coal | TECO Guatemala