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):
May 20, 1996
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
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Item 5. Other Events
See the Press Release dated May 22, 1996, filed as Exhibit
99.1 and incorporated herein by reference, describing the Florida
Public Service Commission s final order issued May 20, 1996 which
approved the March 25, 1996 agreement among Tampa Electric, the
Office of Public Counsel and the Florida Industrial Power Users
Group on a multi-year base rate freeze, revenue deferral and refund
plan for Tampa Electric.
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Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated May 22, 1996.
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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: May 22, 1996 TECO Energy, Inc.
By:/s/ S. W. Callahan
S. W. Callahan
Treasurer
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INDEX TO EXHIBITS
Exhibit No. Description of Exhibits Page No.
99.1 Press Release dated May 22, 1996 6
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TECO Energy Letterhead
FOR IMMEDIATE RELEASE
Contact: Mike Mahoney
Office: (813) 228-4271
Home: (813) 991-6229
TAMPA ELECTRIC REGULATORY AGREEMENT RECEIVES FINAL APPROVAL
TAMPA, May 22, 1996 -- Tampa Electric announced today that
the Florida Public Service Commission (FPSC) issued a final order
on May 20, 1996 approving the agreement among Tampa Electric, the
Florida Office of Public Counsel (OPC) and the Florida Industrial
Power Users Group (FIPUG).
This agreement, which was announced on March 25, 1996,
provides for a base rate freeze at current levels through
Dec. 31, 1998, a $25-million refund to customers starting Oct. 1,
1996 and a multi-year plan for allocating revenues based on the
level of Tampa Electric s earnings on utility assets.
The agreement also calls for an expeditious review of the
regulatory treatment to be afforded the company s Polk Power
Station. Hearings on this matter are scheduled for the third
quarter with final resolution expected in the fourth quarter of
this year.
Tampa Electric is a regulated public utility with over one-
half million customers in a 2,000 square mile service area that
includes nearly all of Hillsborough County and parts of Polk,
Pasco and Pinellas counties. Tampa Electric is the principal
subsidiary of TECO Energy, Inc., an investor-owned, energy-
related holding company also based in Tampa.
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