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Tampa Electric Completes Construction of 320 Megawatts of Environmentally Friendly Generating Capacity

Polk 4 and 5 will serve growing customer demand

TAMPA, April 9, 2007

Tampa Electric today announced that construction is complete on Polk Units 4 and 5, two new 160-megawatt (MW) units at the company’s Polk Power Station. The peaking units will provide power during times of peak customer electric demand in a reliable and environmentally friendly manner.

The two new simple-cycle combustion turbines will use natural gas to generate electricity at the Polk Power Station, located about 40 miles east of Tampa. Polk Power Station currently includes Polk Unit 1, a 250-MW integrated coal gasification combined cycle (IGCC) baseload facility and Polk Units 2 and 3, 160-MW natural gas or distillate oil fueled peaking units.

The construction of both units took approximately eight months. Both units combined will serve approximately 86,000 households on a summer peak day.

Polk Power Station’s Unit 1 is the world leader in power generation using clean burning synthesis gas created from coal and/or petroleum coke. In over 10 years of operation, Unit 1 has met its objective of generating low-cost electricity in a safe, reliable and environmentally acceptable manner. Canadian research firm Energy Probe Research Foundation named it the cleanest coal-fired power plant in North America after studying more than 400 plants in Canada, the U.S. and Mexico.

Polk Power Station is also the site of Tampa Electric’s proposed Unit 6, a $1.5-billion 630-MW IGCC baseload facility that would be operational in 2013. Unit 6, which is planned to meet the company’s projection of continued growth in electricity demand throughout the next decade, will also allow for the addition of equipment needed to capture and store carbon dioxide (CO2), a greenhouse gas linked to global warming.

Tampa Electric has also invested more than $1.5 billion dollars in a 10-year environmental program that will dramatically reduce overall emissions from its power plants from 1998 levels. As part of this program, the company retired its coal-fired Gannon Power Station and built a new facility, Bayside Power Station, which is fueled by natural gas. The program also involves continuing to install state-of-the-art equipment at its Big Bend Power Station to further reduce the plant’s emission levels below the reductions already achieved.

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.

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