TECO Energy

TECO Energy
Subsidiary
Industry Energy
Founded 1899
Headquarters Tampa, Florida, United States
Key people
 Gordon Gillette, CEO Tampa Electric Company
Revenue
  • Increase US$ 2,566.4 million (2014) [1]
  • Decrease US$ 2,355.1 million (2013) [1]
  • Increase US$ 206.4 million (2014) [1]
  • Decrease US$ 188.7 million (2013) [1]
Total assets
  • Increase US$ 8,726.2 million (2014) [1]
  • Increase US$ 7,448.0 million (2013) [1]
Total equity
  • Increase US$ 2,333.7 million (2013) [1]
  • Increase US$ 2,291.8 million (2012) [1]
Number of employees
 4,300 [2]
Parent Emera Incorporated
Website www.tecoenergy.com
TECO's Big Bend Power Station

TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, providing electricity to the Tampa area, and natural gas throughout the state of Florida through its subsidiaries Tampa Electric and Peoples Gas respectively. On September 4, 2015, Emera, a utility holding company based in Halifax, Nova Scotia, Canada, announced the pending acquisition of TECO Energy. TECO Energy as of July 1, 2016 is now a wholly owned subsidiary of Emera, Inc., operating as a division of Emera USA.

Environmental Record

In 2000, TECO Energy was fined $3.5 million for making changes to emissions producing facilities without installing new updated pollution controls. This led to the switch from coal to natural gas in one of its plants by 2004 and optimization of pollution controls in another. These changes were enacted to drastically cut emissions, notably sulfur dioxide and nitrogen oxide emissions.[3]

TECO Energy completed a $330 million emissions control project in 2010, which made one of its power stations one of the cleanest coal-fired power plants in nation. The renovation reduced nitrogen oxide emissions at the plant by approximately 91 percent from levels recorded in 1998.[4]

Since 1998, TECO has invested $1.2 billion in improvements to the company's systems, including the repowering of one coal-fired station to natural gas and the addition of pollution controls on a second, reducing sulfur dioxide and nitrogen oxide emissions by more than 91 percent and carbon dioxide levels by 20 percent from 1998 levels.[5]

See also

References

  1. 1 2 3 4 5 6 7 8 "TECO ENERGY INC 2014 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 27, 2015.
  2. ↑ http://finance.yahoo.com/q/pr?s=TE
  3. ↑ TECO energy agrees to $3.5 mln fine with US EPA (released 3 Mar 2000) retrieved 6 May 2008
  4. ↑ Tampa Electric Completes First Phase of a $330 Million Air Pollution Control Project (released 5 Jun 2007) retrieved 6 May 2008
  5. ↑ TECO Energy leaders to participate in climate change summit (released 11 Jul 2007) retrieved 8 May 2008

External links

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