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):
October 9, 1996
TECO ENERGY, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 1-8180 59-2052286
(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) 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 October 9, 1996, filed as
Exhibit 99.1 and incorporated herein by reference, announcing the
Florida Public Service Commission s vote to approve the agreement
among Tampa Electric Company, the Office of Public Counsel and
the Florida Industrial Power Users Group which resolves all
regulatory issues related to a prudence review of Tampa Electric
Company s Polk Power Station, extends the current base rate
freeze through 1999 and provides for a temporary reduction in
base rates.
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Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated October 9, 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: October 11, 1996 TECO Energy, Inc.
By:/s/ A. D. Oak
A. D. Oak
Senior Vice President - Finance,
and Chief Financial Officer
(Principal Accounting Officer)
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INDEX TO EXHIBITS
Exhibit No. Description of Exhibits Page No.
99.1 Press Release dated October 9, 1996 6
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TECO Energy Letterhead
FOR IMMEDIATE RELEASE
Contact: Mike Mahoney
Office: (813) 228-4271
Internet: http://www.TECO.net
Home: (813) 991-6229
TAMPA ELECTRIC S POLK AGREEMENT RECEIVES FLORIDA PUBLIC SERVICE COMMISSION
APPROVAL
Tampa, October 9, 1996 -- Tampa Electric announced today that the
Florida Public Service Commission voted unanimously to approve the agreement
among Tampa Electric Company, the Florida Office Of Public Counsel and the
Florida Industrial Power Users Group.
The agreement, announced on Sept. 25, resolves all pending regulatory
issues associated with the company s new Polk Power Station. It provides for
full recovery of all of the expected capital costs and all operation and
maintenance expenses associated with the Polk Power Station.
The agreement extends through 1999 the base rate freeze currently in
effect. Its revenue sharing arrangements provide the company an opportunity
to earn up to a 12.75 percent return on equity and assures customers
additional reductions to their bills.
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. a diversified,
energy-related holding company also based in Tampa.
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