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TECO: Form, Schedule Or Registration Statement No

The following excerpt is from the company's SEC filing.

Filing party:

Date Filed:

Were proud to introduce our customers and communities to Emera

TECO Energy and Tampas hometown electric utility as well as the largest natural gas providers we own in Florida and New Mexico will have a lot more energy behind them in 2016 and it will come from Emera Inc. On Sept. 4, 2015, TECO Energy and Emera finalized an agreement to acquire TECO Energy, including Tampa Electric, Peoples Gas and New Mexico Gas Company. Its an exciting time for us and for the customers and communities were proud to continue to serve.

The $10.4 billion transaction will li kely close in the middle of 2016. Thats about 117 years after Tampa Electric began providing safe, reliable, and cost-effective electricity to customers in West Central Florida. In 1981, TECO Energy came into being as the holding company for Tampa Electric. Over the years, our reach grew to include Peoples Gas, Floridas largest natural gas provider. And last year, we expanded with our own acquisition of New Mexico Gas Company (NMGC), headquartered in Albuquerque.

Our company names and headquarters will all remain the same as we enter this promising new chapter. After closing with Emera, our combined companies will have the power of a top 20 North American regulated utility with geographic diversity and significant growth potential. This is terrific news for a lot of reasons.

For customers, TECO Energy President and CEO

John Ramil

has made it clear that the rates customers pay for electricity and natural gas will remain what theyve been: among the lowest in Florida and the nation. In fact, due to a drop in fuel costs (a pass-through cost that generates no income for Tampa Electric), the electric rates our customers will pay beginning in November 2015 will...


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