TECO Energy COO to Present at Bank of America Merrill Lynch Power & Gas Leaders Conference

An audio Webcast of the live presentation will be accessible through a
link on TECO Energy's home page at www.tecoenergy.com.
The Webcast will be available for replay within 24 hours of the live
event and will be available through Oct. 9, 2009 for those unable to
listen to the live Webcast. The slides that will accompany the Webcast
will be available on the Investors page of TECO Energy's Web site.

In conjunction with this presentation and meetings with investors, TECO
Energy is reaffirming its 2009 earnings per share forecast range of
$1.00 to $1.15 for 2009, which was previously updated July 28, 2009.
This forecast is for earnings per share from continuing operations,
excluding any charges and gains.

The 2009 guidance was initially provided in May in the form of a range
to allow for varying outcomes with respect to important variables, such
as the Florida economy, weather and customer usage at the Florida
utilities, pricing and demand for production at TECO Coal, resolution of
the lower value added distribution tariff (VAD) at EEGSA, the
distribution utility in Guatemala, and unplanned generating unit outages
at TECO Guatemala. In the first six months of the year, the Florida
utilities experienced lower sales and a 0.2% decline in the number of
retail customers due to continued weakness in the Florida economy. At
TECO Coal, demand for uncontracted metallurgical coal remained weak due
to the worldwide economic slowdown, and customers have deferred
deliveries under existing contracts as inventories remain high at
customer's facilities. At TECO Guatemala, the San Jose Power Station
resumed operation in early July; however, the lower VAD remains in place
at EEGSA with no firm schedule for a resolution.

TECO Energy, Inc. (NYSE:TE) is an energy-related holding company. Its
principal subsidiary, Tampa Electric Company, is a regulated utility in
Florida with both electric and gas divisions (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.

Note: This press release contains forward-looking statements, which
are subject to the inherent uncertainties in predicting future results
and conditions. Actual results may differ materially from those
forecasted. The forecasted results are based on the company's current
expectations and assumptions, and the company does not undertake to
update that information or any other information contained in this press
release, except as may be required by law. Factors that could impact
actual results include: regulatory actions by federal, state or local
authorities; unexpected capital needs or unanticipated reductions in
cash flow that affect liquidity; the ability to access the capital and
credit markets when required; the availability of adequate rail
transportation capacity for the shipment of TECO Coal's production;
general economic conditions affecting energy sales at the utility
companies; economic conditions, both national and international,
affecting the Florida economy and demand for TECO Coal's production;
weather variations and changes in customer energy usage patterns
affecting sales and operating costs at Tampa Electric and Peoples Gas
and the effect of extreme weather conditions or hurricanes; operating
conditions, commodity price and operating cost changes affecting the
production levels and margins at TECO Coal; fuel cost recoveries and
related cash at Tampa Electric and natural gas demand at Peoples Gas;
the ability of TECO Energy's subsidiaries to operate equipment without
undue accidents, breakdowns or failures; changes in the U.S. federal tax
code on earnings from foreign investments that could reduce earnings;
the ability to increase the utilization of the coal-fired San Jose Power
Station versus competing oil-fired generators during a period of lower
oil prices; and the ultimate outcome of efforts to revise the
significantly lower EEGSA VAD tariff rates implemented by regulatory
authorities in Guatemala effective Aug. 1, 2008 affecting TECO
Guatemala's results. Additional information is contained under "Risk
Factors" in TECO Energy, Inc.'s Annual Report on Form 10-K for the
period ended Dec. 31, 2008, and as updated in its Quarterly Report on
Form 10-Q for the period ended Jun. 30, 2009.

SOURCE: TECO Energy, Inc.

TECO Energy, Inc. 
News Media: Rick Morera, 813-228-4945 
Investor Relations: Mark Kane, 813-228-1772 
Internet: http://www.tecoenergy.com

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