TECO Energy, Inc. (TECO Energy), is a holding company for regulated utilities and other businesses. The Company owns no operating assets but holds all of the common stock of TEC and, through its subsidiary TECO Diversified, owns TECO Coal. TEC, a Florida corporation and TECO Energy�s largest subsidiary, has two business segments. Its Tampa Electric division provides retail electric service to almost 700,000 customers in West Central Florida with a net winter system generating capacity of 4,668 megawatts. Peoples Gas System (PGS), the gas division of TEC, is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in Florida. PGS has operations in Florida�s major metropolitan areas.