SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 25, 1995
TECO ENERGY, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 1-8180 59-2052286
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) Number) Identification No.)
702 North Franklin Street, Tampa Florida 33602
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (813) 228-4111
Page 1 <PAGE>
Item 5. Other Events
On April 25, 1995, Moody's Investors Service lowered the
unsecured debt ratings of the registrant and its wholly-owned
subsidiary, TECO Finance, Inc., one level to A1 from Aa3. In
addition, Moody's lowered the senior and subordinate debt ratings of
Tampa Electric Company, a wholly-owned subsidiary of the registrant,
one level to Aa2 and Aa3 from Aa1 and Aa2, respectively. Moody's also
changed its ratings outlook to "stable" from "negative."
Moody's P-1 short-term debt ratings for the commercial paper
programs of Tampa Electric and TECO Finance remain unchanged.
A summary of the debt ratings and related information for the
registrant, TECO Finance, Inc. and Tampa Electric Company is set forth
below:
Standard Duff
Moody's & Poor's & Phelps
Long-Term Ratings:
Tampa Electric
First Mortgage Bonds Aa2 AA AA+(2)
Pollution Control
Revenue Bonds Aa3 AA- AA
TECO Energy
Medium-term Notes A1 AA- AA-
TECO Finance
Medium-term Notes A1 AA- AA-
Short-Term Ratings:
Tampa Electric
Commercial Paper P-1 A-1+ D-1+
TECO Finance
Commercial Paper P-1 A-1+ D-1+
Date of Last Change
or Affirmation
of Ratings: April 1995 Dec. 1994(1) March 1995
_____________________
(1) Standard & Poor's changed its rating outlook to "stable" from
"negative" in December 1994.
(2) Duff & Phelps upgraded Tampa Electric's First Mortgage Bond
rating to AA+ from AA in March 1995.
Page 2 <PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: April 26, 1995 TECO Energy, Inc.
By:/s/ A. D. Oak
A. D. Oak
Senior Vice President-
Finance and Chief
Financial Officer
Page 3 <PAGE>
