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<PAGE> 1
FILE NO. 69-250
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-3A-2
Statement by Holding Company Claiming
Exemption under Rule U-3A-2 from the
Provisions of the Public Utility Holding
Company Act of 1935
To be Filed Annually Prior to March 1
TECO Energy, Inc., TECO Power Services Corporation and Hardee Power I, Inc.,
hereby file with the Securities and Exchange Commission, pursuant to Rule 2,
their statements claiming exemption as holding companies from the provisions of
the Public Utility Holding Company Act of 1935 (the "Act") and submit the
following information:
<PAGE> 2
1. Name, State of organization, location and nature of business of claimants
and every subsidiary thereof, other than any exempt wholesale generator
(EWG) or foreign utility company in which claimants directly or
indirectly hold an interest.
Claimant, TECO Energy, Inc. ("TECO Energy"), is a corporation organized
on January 15, 1981 under the laws of the State of Florida and a holding
company exempt from registration pursuant to Rule 2 under the Act (File
no. 69-250). TECO Energy conducts no business and owns no operating
assets, but does own directly or indirectly the common stock of, or a
partnership interest in, 93 subsidiaries, including Tampa Electric
Company, a public utility company for purposes of the Act. All of the
subsidiaries are organized under the laws of Florida with the exception
of Electro-Coal Transfer Corporation, which is a Louisiana corporation;
TECO Coal Corporation, Gatliff Coal Company, Clintwood Elkhorn Mining
Company, Pike-Letcher Land Company, Premier Elkhorn Coal Company, Bear
Branch Coal Company and Raven Rock Development Corporation, which are
Kentucky corporations; Rich Mountain Coal Company, which is a Tennessee
corporation; TECO Coalbed Methane, Inc. and Whaleco, Inc, which are
Alabama corporations; TECO Propane Ventures LLC which is a Deleware
limited liability company; and those noted in the following paragraph.
Claimant, TECO Power Services Corporation ("TECO Power"), is a
corporation organized on May 26, 1987 under the laws of the State of
Florida and a holding company exempt from registration pursuant to Rule 2
under the Act (File no. 69-250). TECO Power owns no operating assets, but
does own directly or indirectly the common stock of, or a partnership
interest in, 54 subsidiary companies. Twelve of the subsidiaries,
including TPS Guatemala One, Inc., are organized under the laws of
Florida. Hamakua Energy Partners L.P. is organized under the laws of
Hawaii. TM ECK, L.L.C.; TM Delmarva Power L.L.C.; TMPV Caledonia L.L.C.;
Triangle Finance Company, L.L.C.; TM Global Power, L.L.C.; Mosbacher
Power International, L.L.C.; TM Power Ventures, L.L.C.; Mosbacher Power
Group, L.L.C.; TM Turkish Holdings L.L.C. and TM Czech Power, LLC are
organized under the laws of Delaware. TPS Operaciones de Guatemala,
Limitada; TPS de Ultramar Guatemala, S.A.; Distribucion Electrica
CentroAmericana II, S.A. "DECA II"; TPS Administraciones, Limitada and
Generadora Electrica CentroAmericana, Limitada are organized under the
laws of Guatemala. TPS International Power, Inc.; Tasajero I, LDC; TPS
San Jose International, Inc.; TPS San Jose, LDC; San Jose Power Holding
Company, Ltd.; TPS de Ultramar, Ltd.; TPS Escuintla I, LDC; TPS Pavana,
Ltd.; TPS Palmera, LDC and CPC Limited Partnership are all organized
under the laws of the Cayman Islands. Palm Import and Export Corporation,
Bear Energy Corporation and RAM Power India I, Ltd. (International
Business Companies) are organized under the laws of the British Virgin
Islands. TM Kladno, B.V., Nations
2
<PAGE> 3
Kladno, B.V., Nations Kladno II B.V. and Matra Powerplant Holdings, B.V.
are organized under the laws of The Netherlands. Mosbacher Power Brasil,
Ltda. is organized under the laws of Brazil. Cambodia Power Company is
organized under the laws of Cambodia. Nuh Yapi urunleri ve Mabina Sanayi
a.s. is organized under the laws of Turkey. TM Kladno Electricidad s.r.l.
is organized under the laws of Spain.
Claimant, Hardee Power I, Inc. ("Hardee Power I"), is a corporation
organized on March 21, 1990 under the laws of the State of Florida and a
holding company exempt from registration pursuant to Rule 2 under the Act
(File no. 69-250). Hardee Power I, owns no operating assets, but does own
a general partnership interest in Hardee Power Partners, Ltd. ("Hardee
Power Partners"), a public utility company for purposes of the Act.
Hardee Power Partners is a limited partnership organized under the laws
of Florida. Hardee Power I is a direct wholly owned subsidiary of TECO
Power and has no subsidiaries or partnership interests other than a
partnership interest in Hardee Power Partners.
TECO Energy previously applied for and received an order pursuant to
Sections 9(a)(2) and 10 of the Act approving its direct or indirect
acquisition of up to 100% of the voting securities of Hardee Power
Partners. (See Act Release No. 35-25199). Other than Hardee Power
Partners, no subsidiary of TECO Power or Hardee Power I is a public
utility company for purposes of the Act.
The principal business address, location and nature of business of the
claimants and each of the other affiliated entities are as follows:
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TECO Energy, Inc. Florida. Parent company.
(TECO Energy)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Tampa Electric Company(1) Florida. Through its electric
(Tampa Electric) division, operates as an
TECO Plaza electric utility serving West
702 North Franklin Street Central Florida. Through its
Tampa, FL 33602 Peoples Gas System division,
operates as a local natural gas
distribution business serving
territories in Florida.
</TABLE>
3
<PAGE> 4
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TERMCO, Inc. Florida. Acts as exclusive
(TERMCO) broker for Tampa Electric
TECO Plaza in the purchase and sale
702 N. Franklin Street of real property.
Tampa, FL 33602
Power Engineering & Florida. Engaged in the
Construction, Inc. engineering and construction of
(PEC) transmission and distribution
TECO Plaza facilities outside of Tampa
702 N. Franklin Street Electric's retail service
Tampa, FL 33602 territory.
TECO Investments, Inc.(1) Florida. Invests capital
(TECO Investments) in short- and long-term
TECO Plaza financial investments.
702 North Franklin Street
Tampa, FL 33602
Bosek, Gibson and Associates, Florida and California.
Inc.(1) Energy services company which
(BGA) performs engineering analysis,
TECO Plaza design and construction
702 North Franklin Street management.
Tampa, FL 33602
BGA Special Project One Florida. Limited partner of
(Special Project One) TECO/BGA Limited.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO/BGA, Inc. Florida. General partner of
(TECO/BGA) TECO/BGA Limited.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO/BGA Limited Florida. Limited partnership
(TECO/BGA Limited) which owns and operates a
TECO Plaza chilled water facility in
702 North Franklin Street Tampa.
Tampa, FL 33602
TECO Inventory Company (1) Florida. Operations
(Formerly known as TeCom Inc.)(7) discontinued in 1999.
(TECO Inventory Company)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
</TABLE>
4
<PAGE> 5
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TECO Finance, Inc.(1) Florida. Provides financing
(TECO Finance) for the diversified
TECO Plaza activities of TECO Energy.
702 North Franklin Street
Tampa, FL 33602
TECO Oil & Gas, Inc.(1)(4) Texas. Operations
(TECO Oil & Gas) discontinued in 1998.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Diversified, Inc.(1) Florida. Holding company.
(TECO Diversified)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Coal Corporation Kentucky. Holding company.
(TECO Coal)
200 Allison Blvd.
Corbin, KY 40701
Bear Branch Coal Company Kentucky. Coal mining.
(Bear Branch)
200 Allison Boulevard
Corbin, KY 40701
Raven Rock Development Kentucky. Real estate
Corporation development investment.
(Raven Rock)
200 Allison Boulevard
Corbin, KY 40701
Clintwood Elkhorn Mining Kentucky. Coal mining and
Company processing.
(Clintwood)
200 Allison Boulevard
Corbin, KY 40701
Gatliff Coal Company Kentucky and Tennessee. Coal
(Gatliff) mining and processing.
200 Allison Boulevard
Corbin, KY 40701
Pike-Letcher Land Company Kentucky. Land management.
(Pike-Letcher)
200 Allison Boulevard
Corbin, KY 40701
</TABLE>
5
<PAGE> 6
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Premier Elkhorn Coal Company Kentucky. Coal mining and
(Premier Elkhorn) processing.
200 Allison Boulevard
Corbin, KY 40701
Rich Mountain Coal Company Tennessee. Coal mining.
(Rich Mountain)
200 Allison Boulevard
Corbin, KY 40701
TECO Coalbed Methane, Inc. Alabama. Participates in
(TECO Coalbed Methane) the production of natural
TECO Plaza gas from coal seams.
702 North Franklin Street
Tampa, FL 33602
TECO Properties Corporation Florida. Real estate
(TECO Properties) investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
CPSC, Inc. Florida. General partner
(CPSC) of City Plaza Partners,
TECO Plaza a limited partnership which was
702 N. Franklin Street involved in real estate
Tampa, FL 33602 investment and is now
dissolved.
30th Street R&D Park, Inc. Florida. Real estate
(30th Street R&D) investment.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
UTC II, Inc.(5) Florida. Real estate
(UTC II) investment.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
Brandon Properties Partners, Florida. Real estate
Ltd. investment.
(Brandon Properties)
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
</TABLE>
6
<PAGE> 7
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Southshore Residential, Inc. Florida. Limited partner of
(Southshore Residential) South Shore Properties
TECO Plaza Partners, Ltd.
702 North Franklin Street
Tampa, FL 33602
South Shore Properties Florida. Real estate
Partners, Ltd. investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Transport Corporation Florida. Holding company.
(TECO Transport)
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
Electro-Coal Transfer Louisiana. Transfers and
Corporation stores coal and other bulk
(Electro-Coal) commodities.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
G C Service Company, Inc. Florida. Unloads coal from
(G C Service) ocean-going vessels and
TECO Plaza repairs vessels.
702 N. Franklin Street
Tampa, FL 33602
Gulfcoast Transit Company Florida. Transports coal and
(Gulfcoast) other bulk commodities in
TECO Plaza ocean-going vessels to various
702 N. Franklin Street domestic and international
Tampa, FL 33602 destinations.
Mid-South Towing Company Mississippi, Ohio and Illinois
(Mid-South) rivers. Transports coal
TECO Plaza and other bulk commodities
702 North Franklin Street in river barges.
Tampa, FL 33602
TECO Towing Company Mississippi, Ohio and Illinois
(TECO Towing) rivers. Charters river barges
TECO Plaza and purchases fuel for
702 North Franklin Street subsequent resale to affiliated
Tampa, FL 33602 companies.
</TABLE>
7
<PAGE> 8
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Peoples Gas Company(1) Florida. Liquefied petroleum
(Peoples Gas) gas retail sales.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Peoples Sales & Service Company(1) Florida. Non-operating
(Peoples Sales & Service) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Propane Properties, Inc.(1) Florida. Real estate holding
(TECO Propane Properties) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Propane Ventures, LLC Delaware. Non-operating
(TECO Propane Ventures) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Suwannee Gas Marketing, Inc.(1) Florida. Holding company.
(Suwannee Gas)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Gas Services, Inc. Florida. Buys and sells natural
(TECO Gas Services) gas supplies. Does not own or
TECO Plaza operate any facilities for the
702 North Franklin Street distribution of natural or
Tampa, FL 33602 manufactured gas at retail.
Florida Natural Fuels, Ltd. Florida. Sells compressed
(Florida Natural Fuels) natural gas as motor fuel.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Seminole Gas Marketing Florida. General partnership
(Seminole Gas) which markets natural gas to
P.O. Box 2563 end-users. Does not own or
1900 5th Avenue North operate any facilities for the
Birmingham, AL 35202 distribution of natural or
manufactured gas at retail.
</TABLE>
8
<PAGE> 9
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Peoples Gas System (Florida), Florida. Name-holding company
Inc. (1) with no operations.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Whaleco, Inc.(1) Alabama. Non-operating
(Whaleco) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Power Services Corporation(1) Florida. Holding company.(2)
(TECO Power)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Hardee Power I, Inc. Florida. General partner
(Hardee Power I) of Hardee Power Partners.(2)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Hardee Power II, Inc. Florida. Limited partner of
(Hardee Power II) Hardee Power Partners.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Hardee Power Partners, Ltd. Florida. Limited
(Hardee Power Partners) partnership which owns
TECO Plaza Hardee Power Station, a
702 North Franklin Street wholesale power generation
Tampa, FL 33602 project.(2)
TPS Hamakua, Inc. Florida. A general partner
(TPS Hamakua) of Hamakua Energy Partners L.P.
702 North Franklin Street
Tampa, FL 33602
TPS Hawaii, Inc. Florida. A limited partner of
(TPS Hawaii) Hamakua Energy Partners L.P.
702 North Franklin Street
Tampa, FL 33602
Hamakua Energy Partners, L.P. Hawaii. Limited partnership
(Hamakua Energy Partners) which owns 50% of the Hamakua
1001 Bishop Street project currently under
Pacific Tower, Suite 2200 construction which will be a
Honolulu, HI 96813 wholesale power generator.
</TABLE>
9
<PAGE> 10
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TPS Hamakua Land, Inc. Florida. Real estate holding
(TPS Hamakua Land) company.
702 N. Franklin Street
Tampa, FL 33602
TPS Holdings, Inc. Florida. Non-operating
(TPS Holdings) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TPS Guatemala One, Inc. Florida. Developer and joint
(TPS Guatemala One) venture partner in a whole-
TECO Plaza sale power generation project
702 North Franklin Street (the "Alborada Power Station").
Tampa, FL 33602 Holds an interest in TCAE,
which is an exempt wholesale
generator (EWG).
TPS Operations Company Florida. Operator of Hardee
(TPS Operations) Power Station on a
TECO Plaza cost-reimbursement basis.
702 North Franklin Street
Tampa, FL 33602
TECO EnergySource, Inc. Florida. Subsidiary formed for
(TECO EnergySource) the purpose of marketing and
TECO Plaza selling energy.
702 North Franklin Street
Tampa, FL 33602
TM Power Ventures, L.L.C. Texas. Develops projects for
712 Main Street, Suite 2200 production of electricity,
Houston, TX 77002 thermal energy, chilled water
and byproducts.
Mosbacher Power Group L.L.C. Texas. Non-operating company.
712 Main Street, Suite 2200
Houston, TX 77002
TM Czech Power L.L.C. Florida. Holds an interest
702 N. Franklin Street in TM Kladno Electricidad,
Tampa, FL 33602 s.r.l.
TM Kladno Electricidad, Florida. Holds an interest in
s.r.l. TM Kladno B.V.
702 N. Franklin Street
Tampa, FL 33602
TM Kladno, B.V. Florida. Holds an interest in
702 N. Franklin Street Nations Kladno B.V.
Tampa, FL 33602
</TABLE>
10
<PAGE> 11
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Nations Kladno, B.V. The Netherlands. Holds an
1076 A2 Amsterdam interest in Matra Powerplant
Locatellikade 1, Holdings, B.V.
Parnassustoren
The Netherlands
Matra Powerplant The Netherlands. Holds an
Holdings, B.V. interest in ECK Generating
J.J. Viottastraat 46 s.r.o.
1071 J. Amsterdam,
The Netherlands
TM ECK, LLC Delaware. Holds an interest in
712 Main Street Nations Kladno II B.V.
Suite 2200
Houston, TX 77002
Nations Kladno (II) B.V. Netherlands. Holds an interest
1076 A2 Amsterdam in Energeticke Centrum Kladno,
Locatellikade 1, a.s.
Parnassustoren
The Netherlands
TM Delmarva Power L.L.C. Delaware. Holds an interest in
712 Main Street Commonwealth Chesapeake
Houston, TX 77002 Company, L.L.C.
TMPV Caledonia L.L.C. Delaware. Joint venture
712 Main Street partner in the development
Suite 200 of a cogeneration facility.
Houston, TX 77002
TPS International Power, Inc. Cayman Islands. Subsidiary
(TPS International Power) formed for the purpose of
PO Box 866 developing wholesale power
Anderson Square Building generation projects.
3rd Floor
George Town, Grand Cayman,
Cayman Islands, B.W.I.
TPS San Jose International, Cayman Islands. Subsidiary
Inc. formed for the purpose of
(TPS San Jose International) developing wholesale power
PO Box 866 generation projects.
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
</TABLE>
11
<PAGE> 12
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TPS San Jose, LDC Cayman Islands. Developer and
(TPS San Jose) owner of a wholesale power
PO Box 866 generation project. (San Jose
Anderson Square Building Power Station) (3)
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I
Palm Import and Export British Virgin Islands Company.
Corporation Holds an interest in CGESJ as
c/o Trident Trust Company defined below and TPS San Jose,
P.O. Box 146 LDC.
Roadtown, Tortola B.V.I.
Triangle Finance Delaware. Subsidiary formed
Company, L.L.C. for the purpose of borrowing
(Triangle) and lending funds.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
San Jose Power Holding Cayman Islands. Holds a
Company, Ltd. partnership interest in CGESJ.
(San Jose Power Holding (6)
Company)
Padgett-Brown & Company
Ltd.
P.O. Box 1111GT
George Town, Grand Cayman
Cayman Islands, B.W.I.
TPS Palmera, LDC Cayman Islands. Holds an
(TPS Palmera) interest in Triangle Finance
P.O. Box 866 Company, L.L.C. and San Jose
Anderson Square Building Power Holding Company, Ltd.
3rd Floor
Georgetown, Grand Cayman
Cayman Islands
Tasajero I, LDC Cayman Islands. Subsidiary
(Tasajero I) formed for the purpose of
P.O. Box 866 developing a wholesale power
Anderson Square Building generation project, not yet
3rd Floor in operation.
George Town, Grand Cayman
Cayman Islands, B.W.I.
</TABLE>
12
<PAGE> 13
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
TPS Operaciones de Guatemala. Limited corporation
Guatemala, Limitada formed for the purpose of
(OPSG) operating and managing the
13 Calle 3-40, Zona 10 San Jose Power Station.
Edifico Atlantis
Oficiana 503, 5to. Nivel
Guatemala City,
Guatemala, C.A.
TPS Administraciones, Guatemala. Administration
Limitada company for the San Jose Power
(TPS Administraciones) Station, and the Alborada
13 Calle 3-40, Zona 10 Power Station.
Edificio Atlantis
Oficina 503, 5to. Nivel
Guatemala City
Guatemala C.A.
TPS de Ultramar, Ltd. Cayman Islands. Owns an
(TPS de Ultramar) interest in TPS de Ultramar
P.O. Box 866 Guatemala, S.A.
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
TPS de Ultramar Guatemala, Guatemala. Owns an interest
S.A. in DECA II (as defined below).
(TPS de Ultramar Guatemala)
13 Calle 3-40, Zona 10
Edificio Atlantis
Oficiana 503, 5to. Nivel
Guatemala City, Guatemala C.A.
Distribucion Electrica Guatemala. Owns an interest
CentroAmericana II, S.A. in Empresa Electrica de
(DECA II) Guatemala, S.A. (EEGSA), which
13 Calle 3-40, Zona 10 is a foreign utility company.
Edificio Atlantis
Oficiana 503, 5to. Nivel
Guatemala City, Guatemala C.A.
TPS Escuintla I, LDC Cayman Islands. Non-operating
(Escuintla I) company.
P.O. Box 866
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
</TABLE>
13
<PAGE> 14
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Generadora Electrica Guatemala. Limited corporation
Centroamerica, Limited formed to develop a wholesale
(GEC) power generation project. Non-
13 Calle 3-40, Zona 10 operating company.
Edifico Atlantis
Oficiana 503, 5to. Nivel
Guatemala City,
Guatemala, C.A.
TPS Pavana, Ltd. Cayman Islands. Non-operating
(Pavana) company.
P.O. Box 866
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
TM Global Power, L.L.C. Delaware. Develops foreign
(TM Global Power) projects for production of
712 Main Street, Suite 2200 electricity, thermal energy,
Houston, TX 77002 chilled water and by-products.
Bear Energy Corporation British Virgin Islands.
(Bear Energy) General partner of CPC Limited
Craigmuir Chambers Partnership.
P.O. Box 71
Road Tolon, Tortola
British Virgin Islands
CPC Limited Partnership Cayman Islands. Holds an
Maples & Calder interest in Cambodia Power
P.O. Box 309 company.
Ugland House
South Church Street
Grand Cayman, Cayman Islands
Cambodia Power Company Cambodia. Subsidiary formed
(Cambodia Power) for the purpose of developing
712 Main Street, Suite 2200 a wholesale power generation
Houston, TX 77002 project.
Mosbacher Power Delaware. Develops electric
International L.L.C. power cogeneration projects.
(Mosbacher Power Int'l)
712 Main Street, Suite 2200
Houston, TX 77002
</TABLE>
14
<PAGE> 15
<TABLE>
<CAPTION>
Name and address Location and nature of business
- ---------------- -------------------------------
<S> <C>
Mosbacher Power Brasil, Brazil. Non-operating
Ltda. company.
(Mosbacher Power Brasil)
712 Main Street, Suite 2200
Houston, TX 77002
RAM Power India I, Ltd. British Virgin Islands. Non-
(RAM Power India I) operating company.
Craigmuir Chambers
P.O. Box 71
Road Tolon, Tortola
British Virgin Islands
TM Turkish Holdings, L.L.C. Delaware. Subsidiary formed
(TM Turkish Holdings) for the purpose of developing
712 Main Street wholesale power generation
Suite 2200 project.
Houston, TX 77002
Nuh Yapi urunleri ve Mabina Turkey. Subsidiary formed for
Sanayi a.s. the purpose of developing
712 Main Street wholesale power generation
Suite 2200 project.
Houston, TX 77002
Pasco Power GP, Inc. Florida. Holds an indirect
(Pasco Power) interest in a qualified
TECO Plaza cogeneration facility in
702 North Franklin Street Florida.
Tampa, FL 33602
</TABLE>
2. A brief description of the properties of claimants and each of their
subsidiary public utility companies used for the generation,
transmission, and distribution of electric energy for sale, or for the
production, transmission, and distribution of natural or manufactured
gas, indicating the location of principal generating plants, transmission
lines, producing fields, gas manufacturing plants, and electric and gas
distribution facilities, including all such properties which are outside
the State in which the claimants and their subsidiaries are organized and
all transmission or pipelines which deliver or receive electric energy or
gas at the borders of such State.
The only properties to which this question applies are the following
properties of Tampa Electric and Hardee Power Partners:
Tampa Electric - Electric Operations
Tampa Electric had five electric generating plants and four combustion
turbine units in service with a total net generating
15
<PAGE> 16
capability at December 31, 1999 of 3,569 megawatts (MW) including Big
Bend (1,742-MW capability for four coal units), Gannon (1,160-MW
capability for six coal units), Hookers Point (189-MW capability for five
oil units), Phillips (34-MW capability for two diesel units), Polk
(250-MW capability from integrated gasification combined cycle (IGCC)
unit) and four combustion turbine units located at the Big Bend and
Gannon stations (194 MWs). Capability as used herein represents the
demonstrable dependable load carrying abilities of the generating units
during peak periods as proven under actual operating conditions. Units at
Hookers Point went into service from 1948 to 1955, at Gannon from 1957 to
1967, and at Big Bend from 1970 to 1985. The Polk IGCC unit began
commercial operation in September 1996. In 1991, Tampa Electric purchased
two power plants (Dinner Lake and Phillips) from the Sebring Utilities
Commission (Sebring). Dinner Lake and Phillips were placed in service by
Sebring in 1966 and 1983, respectively. In March 1994, Tampa Electric
placed Dinner Lake on long-term reserve standby.
Tampa Electric owns 221 substations having an aggregate transformer
capacity of 16,654,239 KVA. The transmission system consists of
approximately 1,196 pole miles of high voltage transmission lines, and
the distribution system consists of 6,939 pole miles of overhead lines
and 2,838 trench miles of underground lines. As of December 31, 1999,
there were 576,803 meters in service. All of this property is located in
the State of Florida.
All plants and important fixed assets are held in fee except that title
to some of the properties is subject to easements, leases, contracts,
covenants and similar encumbrances and minor defects, of the nature
common to properties of the size and character of those of Tampa
Electric.
Tampa Electric has easements for rights-of-way adequate for the
maintenance and operation of its electrical transmission and distribution
lines that are not constructed upon public highways, roads and streets.
It has the power of eminent domain under Florida law for the acquisition
of any such rights-of-way for the operation of transmission and
distribution lines. Transmission and distribution lines located in public
ways are maintained under franchises or permits.
Tampa Electric has a long-term lease for the office building in downtown
Tampa, Florida which serves as headquarters for TECO Energy, Tampa
Electric, and numerous other TECO Energy subsidiaries.
16
<PAGE> 17
Tampa Electric - Gas Operations
Tampa Electric, through its Peoples Gas System division, owns
approximately 7,900 miles of distribution mains, over 3,950 miles of
service lines, plus meters, regulators, and other related equipment used
in serving natural gas to approximately 250,000 residential, commercial
and industrial customers located wholly within the State of Florida.
The natural gas distribution properties are located primarily in the
metropolitan areas of Jacksonville, Daytona Beach, Orlando, Eustis, Avon
Park, Lakeland, Tampa, St. Petersburg, Sarasota, Palm Beach Gardens,
Pompano Beach, Fort Lauderdale, Hollywood, North Miami, Miami Beach,
Miami, Panama City and Ocala, Florida.
Hardee Power Partners
Hardee Power Partners has one electric generating plant, the Hardee Power
Station, which went into commercial operation January 1, 1993. The
station is located in Hardee County, Florida, on property under a
long-term lease. The plant has a net generating capability of 295 MWs
consisting of one combined cycle unit (220 MWs) and one combustion
turbine (75 MWS). The project is currently being expanded to increase the
generating capacity to 370 MWs. The expansion will consist of one
additional combustion turbine (75 MWs). Capability as used herein
represents the demonstrable dependable load carrying abilities of the
unit during peak periods as proven under actual operating conditions.
Hardee Power Partners owns no transmission or distribution facilities.
3. The following information for the last calendar year with respect to the
claimants and each of their subsidiary public utility companies:
(a) Number of kwh of electric energy sold (at retail or wholesale),
and Mcf of natural or manufactured gas distributed at retail.
TECO Energy
None
Tampa Electric
17,965,155,000 KWH - Florida
$1,207,719,857 Revenue
17
<PAGE> 18
Tampa Electric (Peoples Gas System division)
<TABLE>
<S> <C>
30,002,000 Mcf(Sales) Florida
$185,125,000 Revenue
76,264,000 Mcf(Transportation) Florida
$ 39,141,000 Revenue
</TABLE>
TECO Power
None
Hardee Power I
None
Hardee Power Partners
1,044,701,000 KWH - Florida
$86,085,487 Revenue
(b) Number of KWH of electric energy and Mcf of natural or
manufactured gas distributed at retail outside the state in which
each such company is organized.
TECO Energy - None
Tampa Electric - None
TECO Power - None
Hardee Power I - None
Hardee Power Partners - None
(c) Number of KWH of electric energy and Mcf of natural or
manufactured gas sold at wholesale outside the State in which each
such company is organized or at the State line.
TECO Energy - None
<TABLE>
<S> <C>
Tampa Electric - 6,400,000 Total KWH
$ 388,451 Total Revenue
Texas - 5,025,000 KWH
$ 273,540 Revenue
Tennessee - 0 KWH
$ 58,127 Revenue
Alabama - 966,000 KWH
$ 32,244 Revenue
New York - 409,000 KWH
$ 24,540 Revenue
</TABLE>
18
<PAGE> 19
TECO Power - None
Hardee Power I - None
Hardee Power Partners - None
(d) Number of KWH of electric energy and Mcf of natural or
manufactured gas purchased outside the State in which each such
company is organized or at the State line.
TECO Energy - None
<TABLE>
<S> <C>
Tampa Electric - 84,916,000 Total KWH
$ 6,698,845 Total Expense
Texas - 58,869,000 KWH
$ 4,637,129 Expense
Alabama - 5,818,000 KWH
$ 236,606 Expense
New York - 20,229,000 KWH
$ 1,825,110 Expense
</TABLE>
TECO Power - None
Hardee Power I - None
Hardee Power Partners
9,098,348 Mcf of natural gas Florida
$25,871,331 Expense
4. The following information for the reporting period with respect to
claimants and each interest held directly or indirectly in an EWG or a
foreign utility company, stating monetary amounts in United States
dollars.
(a) Name, location, business address and description of the facilities
used by the EWG or foreign utility company for the generation,
transmission and distribution of electric energy for sale or for
the distribution at retail of natural or manufactured gas.
1. Facility name, address and location: Alborada Power
Station (owned by TCAE, an EWG) Escuintla, Guatemala
approximately 35 miles southwest of Guatemala City,
Guatemala
Description:
A 78-MW facility consisting of two General Electric LM6000
turbines operated in simple cycle. Also includes a 230KV
switchyard with two 13.8KV transformers and associated
equipment.
19
<PAGE> 20
2. Facility name, address and location:
Empresa Electrica de Guatemala, S.A. (EEGSA)
(a foreign utility company)
Guatemala City, Guatemala
Description:
Principal electric distribution company in Guatemala.
3. Facility name, address and location:
San Jose Power Station (owned by CGESJ, an EWG and a
foreign utility company (6)
Masagua, Guatemala
Approximately 45 miles southwest of Guatemala City, Guatemala
Description:
A 120-MW facility consisting of a pulverized coal fired
non-reheat Mitsubishi steam turbine. Utilizes a D.B. Riley
boiler and brush electric TEWAC generator. Also includes a
230-KV switchyard with two 13.8-KV transformers and
associated equipment.
4. Facility name, address and location:
ECK Generating, s.r.o ((ECK generating,(an EWG))
Dubska Teplarna 272 03 Kladno, Czech Republic
Approximately 30km west of Prague, Czech
Republic
Description:
A 342-MW facility consisting of two ABB circulating
fluidized bed boilers with two 125-MW steam turbine
generators; a 65-MW ABB gas turbine; and a refurbished
coal fired boiler with a 28-MW and 6-MW steam turbine. All
supply steam, electricity and hot water to the local
industrials, city hot water system and local electricity
utility.
5. Facility name, address and location:
Energeticke Centrum Kladno, a.s. (ECK Distribution)
(foreign utility company)
Dubska Teplarna
272 03 Kladno, Czech Republic
Approximately 30km west of Prague, Czech Republic
Description:
Distributes thermal and electrical energy to Poldi Steel
and other industrial customers in the Poldi Steel industry
complex.
20
<PAGE> 21
6. Facility name, address and location:
Commonwealth Chesapeake Company (CCC), L.L.C. (8)
712 Main Street
Suite 200
Houston, TX 77002
Description:
A 312-megawatt combustion turbine peaking plant using
low-sulfur fuel oil. Under construction, to be located on
the Delmarva Peninsula in Acconmack County, Virginia.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and the description of the interest held.
1. TCAE
At December 31, 1999:
TECO Power had a 100-percent ownership interest in TPS Guatemala
One.
TPS Guatemala One had a 96.06-percent ownership interest in TCAE.
2. EEGSA
At December 31, 1999:
TECO Power had a 100-percent ownership interest in TPS
International Power.
TPS International Power had a 100-percent ownership interest in
TPS de Ultramar.
TPS de Ultramar had a 99-percent ownership interest in TPS de
Ultramar Guatemala.
TPS International Power had a 1-percent ownership interest in TPS
de Ultramar Guatemala.
TPS de Ultramar Guatemala had a 30-percent ownership interest in
DECA II.
DECA II had an 80-percent ownership in EEGSA.
21
<PAGE> 22
3. CCESJ
At December 31, 1999:
TECO Power had a 100-percent ownership interest in TPS
International Power.
TPS International Power had a 100-percent ownership interest in
TPS San Jose, LDC.
TPS San Jose, LDC had a 63.77-percent interest in the class A
shares of San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had a 100-percent interest in Palm Import and
Export Corp.
TPS San Jose, LDC had a 66.67-percent interest in Triangle Finance
Company, L.L.C.
San Jose Power Holding Company, Ltd. had a 92-percent interest in
CGESJ.
Palm Import and Export Corporation had an 8-percent interest in
CGESJ.
4. ECK Generating, s.r.o (ECK Generating)
At December 31, 1999:
TECO Power had a 50-percent ownership interest in TM Power
Ventures, L.L.C.
TM Power Ventures, L.L.C. had a 100-percent ownership
interest in TM Czech Power L.L.C.
TM Czech Power L.L.C. had a 100-percent interest in TM
Kladno Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had a 100-percent interest
in TM Kladno, B.V.
TM Kladno B.V. had a 50-percent interest in Nations Kladno
II B.V.
Nations Kladno II B.V. had a 30-percent interest in Matra
Powerplant Holdings, B.V.
Matra Powerplant Holdings, B.V. had an 89-percent interest
in ECK Generating.
22
<PAGE> 23
5. Energeticke Centrum Kladno, a.s. (ECK distribution)
At December 31, 1999:
TECO Power had a 50-percent ownership interest in TM Power
Ventures, L.L.C.
TM Power Ventures, L.L.C. had a 100-percent ownership in TM
ECK L.L.C.
TM ECK L.L.C. had a 50-percent interest in Nations Kladno
B.V.
Nations Kladno B.V. had a 26.7 percent interest in ECK.
6. Commonwealth Chesapeake Company, L.L.C.
At December 31, 1999:
TECO Power had a 50-percent ownership interest in TM Power
Ventures, L.L.C.
TM Power Ventures, L.L.C. had a 100-percent ownership in TM
Delmarva Power, L.L.C.
TM Delmarva Power, L.L.C. had a 50-percent ownership
interest in Commonwealth Chesapeake Company, L.L.C.
(c) Type and amount of capital invested, directly or
indirectly, by the holding company claiming exemption; any
direct or indirect guarantee of the security of the EWG or
foreign utility company by the holding company claiming
exemption; and any debt or other financial obligation for
which there is recourse, directly or indirectly, to the
holding company claiming exemption or another system
company, other than the EWG or foreign utility company.
1. TCAE
At December 31, 1999:
TECO Power had advanced to TPS Guatemala One - $22,666,262.
TPS Guatemala One had invested in TCAE - $8,768,627.
Standby letters of credit totaling $5.5 million at December 31,
1999 were obtained by TECO Energy to support certain activities of
TCAE.
23
<PAGE> 24
2. EEGSA
At December 31, 1999:
TECO Power had invested $138,191,462 in TPS International Power.
TPS International Power had invested $106,475,412 in TPS de
Ultramar.
TPS de Ultramar had invested $108,018,680 in TPS de Ultramar
Guatemala.
TPS de Ultramar Guatemala had invested $101,980,653 in DECA II.
DECA II had invested $520,000,000 in EEGSA.
Guarantees totaling $19.5 million at December 31, 1999 were
obtained by TECO Energy to support certain activities of EEGSA.
3. CGESJ
At December 31, 1999:
TECO Power had an invested $138,191,462 in TPS International
Power.
TPS International Power had invested $99,735,125 in TPS San Jose,
LDC.
TPS San Jose, LDC had invested $96,605 in the class A shares of
San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had invested $94,301 in Palm Import and Export
Corporation.
TPS San Jose, LDC had invested $96,872,145 in Triangle Finance
Company, L.L.C.
Triangle Finance Company, L.L.C. had invested $96,872,145
in CGESJ.
San Jose Power Holding Company, Ltd. had invested $151,490 in
CGESJ.
Palm Import and Export Corporation had invested $94,301 in CGESJ.
Standby letters of credit and guarantees totaling $53.4 million at
December 31, 1999 were obtained by TECO Energy to support certain
activities of CGESJ.
24
<PAGE> 25
4. ECK Generating, s.r.o (ECK generating)
At December 31, 1999:
TECO Power had invested $37,058,323 in TM Power Ventures, L.L.C.
TM Power Ventures, L.L.C. had invested $20,000,530 in TM
Czech Power L.L.C.
TM Czech Power L.L.C. had invested $20,000,530 in TM
Kladno Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had invested $20,000,530
in TM Kladno B.V.
TM Kladno B.V. had invested $20,000,530 in Nations Kladno
II B.V.
Nations Kladno II B.V. had invested $20,000,530 in Matra
Powerplant Holdings, B.V.
Matra Powerplant Holdings, B.V. had invested $20,000,530
in ECK Generating, s.r.o.
Standby letters of credit totaling $3.8 million at December 31,
1999 were obtained by TECO Energy to support certain activities of
ECK Generating.
5. Energeticke Centrum Klando, a.s. (ECK Distribution)
At December 31, 1999:
TECO Power had invested $100,000 in TM Power Ventures, L.L.C.
TM Power Ventures, L.L.C. had invested $100,000 in TM ECK
L.L.C.
TM ECK L.L.C. had invested $100,000 in Nations Kladno
B.V.
Nations Kladno B.V. had invested $100,000 in ECK
Distribution.
6. Commonwealth Chesapeake Company L.L.C.
At December 31, 1999:
TECO Power had invested $37,058,323 in TM Power Ventures, L.L.C.
25
<PAGE> 26
TM Power Ventures, L.L.C. had invested $17,033,315 in TM
Delmarva Power L.L.C.
TM Delmarva Power, L.L.C. had invested $17,033,315 in
Commonwealth Chesapeake Company, L.L.C.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
Total capitalization of TCAE at December 31, 1999 was $10,583,613.
Total earnings of TCAE for the year ended December 31, 1999 were
$6,519,578. TPS Guatemala One's portion of the earnings of TCAE
for the year ended December 31, 1999 was $6,262,707.
Total capitalization of EEGSA at December 31, 1999 was
$268,580,000.
Total earnings of EEGSA for the year ended December 31, 1998 were
$17,537,411.
TPS de Ultramar Guatemala's portion of the earnings of DECA II for
the year ended December 31, 1999 was $2,605,100.
Total capitalization of CGESJ at December 31, 1999 was
$129,356,405.
Total earnings of CGESJ at December 31, 1999 was $0 (project went
into commercial operation in January, 2000).
TM Power Venture's portion of the earnings of ECK Generating,
s.r.o. for the year ended December 31, 1999 was $0.
TM Power Venture's portion of the earnings of ECK Distribution for
the year ended December 31, 1999 was $0.
TM Power Venture's portion of the earnings of Commonwealth
Chesapeake Company, L.L.C. for the year ended December 31, 1999
was $0. The project is not projected to go into commercial
operation until June 2000.
(e) Identify any service, sales or construction contract(s) between
the EWG or foreign utility company and a system company, and
describe the services to be rendered or goods sold and fees or
revenues under such agreement(s).
26
<PAGE> 27
1. OPSG has an agreement to provide operations and
maintenance services to CGESJ. OPSG is reimbursed for its
direct expenses and receives an operating fee which was
$9,000/month prior to operations and is $20,000/month
(with performance incentives and price escalation based on
the CPI) during the operations period.
2. TPS Administraciones has an agreement to provide
administrative and support services to CGESJ. TPS
Administraciones is receiving a $75,000 fee per year and
is being reimbursed for its direct costs.
3. TECO Power has an agreement to provide engineering and
construction management services to San Jose Power Holding
Company. TECO Power is being reimbursed for its direct
costs.
Attached hereto as Exhibit A are consolidating balance sheets and statements of
income and retained earnings for the twelve months ended December 31, 1999 of
TECO Energy, TECO Power, and Hardee Power I, and their subsidiaries.
Exhibit B, Financial Data Schedule, was included in the filing made
electronically with the Securities and Exchange Commission of this document via
EDGAR as Exhibit 27 (Ex-27).
Attached hereto as Exhibit C are organizational charts showing the relationship
of TECO Energy, TECO Power and their subsidiaries and the EWG's and foreign
utility companies set forth in Item 4(a).
(1) Direct subsidiary of TECO Energy, Inc.
(2) Hardee Power I, as the general partner of Hardee Power Partners; TECO
Power, as the owner of all outstanding voting securities of Hardee Power
I and Hardee Power II and thus the indirect owner of all outstanding
voting securities of Hardee Power Partners; and TECO Energy, as the owner
of all outstanding voting securities of TECO Power and thus the indirect
owner of all outstanding voting securities of Hardee Power Partners, are
each a "holding company" with respect to Hardee Power Partners for
purposes of the Act.
(3) TPS San Jose held 63.77 percent of the Class A shares of San Jose Power
Holding Company at December 31, 1999. TPS San Jose LDC owned 66.67
percent of Triangle Finance Company LLC and 100-percent of Palm Import
and Export Corporation at Dec. 31, 1999.
27
<PAGE> 28
(4) Discontinued operations. Offshore assets sold for $39.2 million in cash
in 1998.
(5) TECO Properties sold the assets of UTC I and UTC II in 1999.
(6) The original FUCO filing for CGESJ occurred in October, 1999. The filing
was amended and restated based on a change in ownership in January, 2000.
CGESJ filed for EWG status in February, 2000.
(7) Discontinued operations. The assets of TeCom Inc. were sold for $1.0
million in cash in 1999.
(8) The original filing for CCC for EWG status was December 21, 1998. EWG
status reaffirmed February 2, 2000 after change in upstream ownership.
28
<PAGE> 29
Each of TECO Energy, TECO Power, and Hardee Power I has caused this statement to
be duly executed on its behalf by its authorized officer on this 29th day of
February, 1999.
(CORPORATE SEAL) TECO ENERGY, INC.
ATTEST: BY: /s/ W.L. GRIFFIN
---------------------------
W.L. Griffin
Vice President-Controller
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) TECO POWER SERVICES
CORPORATION
ATTEST: BY: /s/ A.D. REMMERS
---------------------------
A. Dean Remmers
Controller
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) HARDEE POWER I, INC.
ATTEST: BY: /s/ A.D.REMMERS
---------------------------
A. Dean Remmers
Controller
D. E. SCHWARTZ, SECRETARY
Name, title and address of officer to whom notices and correspondence concerning
this statement should be addressed:
Name: W. L. Griffin
Title: Vice President-Controller
Address: TECO Energy, Inc.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
29
<PAGE> 30
Exhibit A
PAGE 1 OF 52
TECO ENERGY, INC.
CONSOLIDATING BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Tampa TECO
Electric Diversified TECO Energy - TECO Energy, Inc.
Company Companies (1) Parent/Other(2) Finance Eliminations (Consolidated)
----------- ------------- --------------- ----------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Current assets
Cash and cash equivalents $ 26,060 $ 16,714 $ 54,494 $ 247 $ -- $ 97,515
Short-term investments -- 6 -- -- -- 6
Receivables, less
allowance for
uncollectibles 151,791 267,427 445,056 482,266 (1,084,604) 261,936
Inventories, at average
cost
Fuel 73,199 10,782 -- -- -- 83,981
Materials and supplies 49,035 20,353 107 -- -- 69,495
Prepayments 10,937 4,101 -- 3,805 -- 18,843
----------- ----------- ----------- ----------- ----------- -----------
311,022 319,383 499,657 486,318 (1,084,604) 531,776
----------- ----------- ----------- ----------- ----------- -----------
Investment in subsidiaries -- 1 1,759,618 -- (1,759,619) --
----------- ----------- ----------- ----------- ----------- -----------
Property, plant & equipment,
at original cost
Utility plant in svc-ele 3,892,091 248,771 -- -- -- 4,140,862
Utility Plant in svc-gas 590,012 -- -- -- -- 590,012
Construction work in
progress 81,610 209,493 -- -- -- 291,103
Other property 7,876 1,033,466 403 -- 714 1,042,459
----------- ----------- ----------- ----------- ----------- -----------
4,571,589 1,491,730 403 -- 714 6,064,436
Less accum. deprec (1,818,663) (617,763) (225) -- -- (2,436,651)
----------- ----------- ----------- ----------- ----------- -----------
2,752,926 873,967 178 -- 714 3,627,785
----------- ----------- ----------- ----------- ----------- -----------
Other assets
Other investments -- 10,932 50,202 -- -- 61,134
Deferred income taxes 121,625 7,587 1,610 -- (24,001) 106,821
Deferred charges &
other assets 141,644 266,257 (2,437) -- (42,873) 362,591
----------- ----------- ----------- ----------- ----------- -----------
263,269 284,776 49,375 -- (66,874) 530,546
----------- ----------- ----------- ----------- ----------- -----------
$ 3,327,217 $ 1,478,127 $ 2,308,828 $ 486,318 $(2,910,383) $ 4,690,107
=========== =========== =========== =========== =========== ===========
</TABLE>
(1) Diversified companies consist of, TECO Diversified consolidated, TECO
Power Services consolidated, BGA, Peoples Gas Company, Peoples Sales &
Service and TECO Gas Services, Inc.
(2) Includes TECO Energy Parent and certain non-operating subsidiaries.
<PAGE> 31
Exhibit A
PAGE 2 OF 52
TECO ENERGY, INC.
CONSOLIDATING BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Tampa TECO
Electric Diversified TECO Energy - TECO Energy, Inc.
Company Companies (1) Parent/Other(2) Finance Eliminations (Consolidated)
---------- ------------- --------------- ----------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND CAPITAL
Current liabilities
Long-term debt due
within one year $ 84,800 $ 21,000 $ 50,000 $ -- $ -- $ 155,800
Notes payable 271,175 150 70,883 542,500 (71,033) 813,675
Accounts payable 168,460 425,453 623,177 13,986 (1,013,002) 218,074
Customer deposits 79,921 800 -- -- -- 80,721
Interest accrued 12,882 944 2,447 133 -- 16,406
Taxes accrued 30,930 10,160 (2,565) (1,933) 277 36,869
---------- ---------- ----------- ----------- ----------- -----------
648,168 458,507 743,942 554,686 (1,083,758) 1,321,545
Deferred income taxes 458,337 77,646 (2,602) -- (24,001) 509,380
Investment tax credit 40,468 1,266 -- -- -- 41,734
Regulatory liability -
tax related 56,135 -- -- -- (42,873) 13,262
Other deferred credits 106,791 64,223 7,533 -- -- 178,547
Long-term debt, less
amount due within one year 690,284 358,560 150,000 9,000 -- 1,207,844
Preferred stock of
Tampa Electric -- -- -- -- -- --
Common stock 1,043,125 446,554 524,423 100 (1,513,225) 500,977
Retained earnings 283,909 71,371 1,060,560 (77,468) (246,526) 1,091,846
Treasury Stock -- -- (114,809) -- -- (114,809)
Other comprehensive income -- -- (5,508) -- -- (5,508)
Unearned compensation
related to ESOP -- -- (54,717) -- -- (54,717)
---------- ---------- ----------- ----------- ----------- -----------
$3,327,217 $1,478,127 $ 2,308,828 $ 486,318 $(2,910,383) $ 4,690,107
========== ========== =========== =========== =========== ===========
</TABLE>
(1) Diversified companies consist of, TECO Diversified consolidated, TECO
Power Services consolidated, BGA, Peoples Gas Company, Peoples Sales &
Service and TECO Gas Services, Inc.
(2) Includes TECO Energy Parent and certain non-operating subsidiaries.
<PAGE> 32
Exhibit A
PAGE 3 OF 52
TECO ENERGY, INC.
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Tampa TECO
Electric Diversified TECO Energy - TECO Energy, Inc.
Company Companies (1) Parent/Other(2) Finance Eliminations (Consolidated)
----------- ------------- --------------- --------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
Revenues $ 1,459,437 $ 708,488 $ -- $ 1,952 $ (186,887) $ 1,982,990
----------- --------- -------- --------- ----------- -----------
Expenses
Operation 764,346 480,748 7,661 2,106 (201,836) 1,053,025
Maintenance 90,347 34,949 -- -- -- 125,296
Depreciation 170,725 61,445 -- -- 44 232,214
Taxes-other than income 118,930 29,900 -- -- -- 148,830
Taxes-fed. & state income 81,710 (17,155) -- -- (64,555) --
----------- --------- -------- --------- ----------- -----------
1,226,058 589,887 7,661 2,106 (266,347) 1,559,365
----------- --------- -------- --------- ----------- -----------
Income from operations 233,379 118,601 (7,661) (154) 79,460 423,625
----------- --------- -------- --------- ----------- -----------
Other income (expense)
Allowance for other funds 1,360 -- -- -- -- 1,360
Other income (expense), net (12,453) 5,118 1,305 -- (7,286) (13,316)
Preferred dividend req
of Tampa Electric -- -- -- -- -- --
----------- --------- -------- --------- ----------- -----------
(11,093) 5,118 1,305 -- (7,286) (11,956)
----------- --------- -------- --------- ----------- -----------
Income before interest &
income taxes 222,286 123,719 (6,356) (154) 72,174 411,669
----------- --------- -------- --------- ----------- -----------
Interest charges
Interest expense 77,883 6,631 10,551 19,834 9,356 124,255
Allowance for borrowed
funds used during
construction (525) -- -- -- -- (525)
----------- --------- -------- --------- ----------- -----------
77,358 6,631 10,551 19,834 9,356 123,730
----------- --------- -------- --------- ----------- -----------
Income before provision
for income taxes 144,928 117,088 (16,907) (19,988) 62,818 287,939
Provision for income taxes -- 33,004 (1,126) (7,704) 62,845 87,019
----------- --------- -------- --------- ----------- -----------
144,928 84,084 (15,781) (12,284) (27) 200,920
Net loss from discontinued
operations, net of income tax -- -- (2,449) -- -- (2,449)
Loss on disposal of
discontinued operations,
net of income taxes -- -- (12,330) -- -- (12,330)
----------- --------- -------- --------- ----------- -----------
Net Income $ 144,928 $ 84,084 $(30,560) $ (12,284) $ (27) $ 186,141
=========== ========= ======== ========= =========== ===========
</TABLE>
(1) Diversified companies consist of, TECO Diversified consolidated, TECO
Power Services consolidated, BGA, Peoples Gas Company, Peoples Sales &
Service and TECO Gas Services, Inc.
(2) Includes TECO Energy Parent and certain non-operating subsidiaries.
<PAGE> 33
Exhibit A
PAGE 4 OF 52
TECO ENERGY, INC.
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Tampa TECO
Electric Diversified TECO Energy - TECO Energy, Inc.
Company Companies (1) Parent/Other(3) Finance Eliminations (Consolidated)
-------- ------------- --------------- --------- ------------ --------------
<S> <C> <C> <C> <C> <C> <C>
Balance, beginning of
period $288,485 $ 69,673 $1,063,312 $ (65,184) $(283,726) $ 1,072,560
Add
Net income 144,928 84,084 164,230(2) (12,284) (194,817) 186,141
Comprehensive Income -- -- (5,502) -- -- (5,502)
Tax benefits - ESOP
dividends -- -- 1,959 -- -- 1,959
-------- ---------- ----------- --------- ----------- -----------
433,413 153,757 1,223,999 (77,468) (478,543) 1,255,158
Deduct
Cash dividends on
capital stock
Preferred -- -- -- -- -- --
Common 149,504 82,386 168,941 -- (232,017) 168,814
Other - Adjustment -- -- -- -- -- --
-------- ---------- ----------- --------- ----------- -----------
Balance, end of period $283,909 $ 71,371 $ 1,055,058 $ (77,468) $ (246,526) $ 1,086,344
======== ========== =========== ========= =========== ===========
</TABLE>
(1) Diversified companies consist of, TECO Diversified consolidated, TECO
Power Services consolidated, BGA, Peoples Gas Company, Peoples Sales &
Service and TECO Gas Services, Inc.
(2) Includes $194,942 of TECO Energy's equity in earnings of subsidiaries.
(3) Includes TECO Energy Parent and certain non-operating subsidiaries.
<PAGE> 34
Exhibit A
PAGE 5 OF 52
TECO TRANSPORT CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 205
Receivables, less allowance for uncollectibles 81,060
Inventories, at average cost
Materials and supplies 13,747
Prepayments 725
--------
95,737
--------
Property, plant and equipment, at original cost
Construction work in progress 12,549
Other property 554,880
--------
567,429
Less accumulated depreciation 352,095
--------
215,334
--------
Other assets
Deferred income taxes 492
Deferred charges & other assets 443
--------
935
--------
$312,006
========
</TABLE>
<PAGE> 35
Exhibit A
PAGE 6 OF 52
TECO TRANSPORT CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Long-term debt due within one year $ 1,991
Accounts payable taxes 29,673
Interest accrued (741)
Taxes accrued 1,833
--------
32,756
Deferred income taxes 23,354
Investment tax credit 1,266
Other deferred credits 16,442
Long-term debt, less amount due within one year 140,236
Common stock 52,133
Retained earnings 45,819
--------
$312,006
========
</TABLE>
<PAGE> 36
Exhibit A
PAGE 7 OF 52
TECO TRANSPORT CORPORATION
CONSOLIDATED INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $251,935
--------
Expenses
Operation 154,477
Maintenance 22,866
Depreciation 21,899
Taxes-other than income 5,911
--------
205,153
--------
Income from operations 46,782
Other income 427
--------
Income before interest & income taxes 47,209
Interest expense 6,588
--------
Income before provision for income taxes 40,621
Provision for income taxes 14,409
--------
Net income $ 26,212
========
</TABLE>
<PAGE> 37
Exhibit A
PAGE 8 OF 52
TECO TRANSPORT CORPORATION
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $ 46,208
Add
Net income 26,212
--------
72,420
Deduct
Cash dividends on capital stock
Common 26,601
--------
Balance, end of period $ 45,819
========
</TABLE>
<PAGE> 38
Exhibit A
PAGE 9 OF 52
TECO COAL CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ (6)
Short-term investments 6
Receivables, less allowance for uncollectibles 43,211
Inventories, at average cost
Fuel 5,575
Materials and supplies 1,530
Prepayments 2,009
--------
52,325
--------
Property, plant and equipment, at original cost
Construction work in progress 4,396
Other property 192,489
--------
196,885
Less accumulated depreciation 79,485
--------
117,400
--------
Other assets
Deferred income taxes 6,571
Deferred charges & other assets 16,910
--------
23,481
--------
$193,206
========
</TABLE>
<PAGE> 39
Exhibit A
PAGE 10 OF 52
TECO COAL CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Accounts payable $ 21,419
Taxes accrued 3,609
--------
25,028
Deferred income taxes 3,089
Other deferred credits 4,641
Common stock 148,677
Retained earnings 11,771
--------
$193,206
========
</TABLE>
<PAGE> 40
Exhibit A
PAGE 11 OF 52
TECO COAL CORPORATION
CONSOLIDATED INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $237,267
--------
Expenses
Operation 171,791
Maintenance 9,932
Depreciation 16,102
Taxes-other than income 17,976
--------
215,801
--------
Income before interest & income taxes 21,466
Interest expense 41
--------
Income before provision for income taxes 21,425
Provision for income taxes 5,430
--------
Net income $ 15,995
========
</TABLE>
<PAGE> 41
Exhibit A
PAGE 12 OF 52
TECO COAL CORPORATION
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $ 12,427
Add
Net income 15,995
--------
28,442
Deduct
Cash dividends on capital stock
Common 16,651
--------
Balance, end of period $ 11,771
========
</TABLE>
<PAGE> 42
Exhibit A
PAGE 13 OF 52
TECO PROPERTIES CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 116
Receivables, less allowance for uncollectibles 23,552
Prepayments --
--------
23,668
--------
Property, plant and equipment, at original cost
Other property 11,694
Less accumulated depreciation 546
--------
11,148
--------
Other assets
Other investments 10,932
Deferred income taxes 573
Deferred charges & other assets 7,480
--------
18,985
--------
$ 53,801
========
</TABLE>
<PAGE> 43
Exhibit A
PAGE 14 OF 52
TECO PROPERTIES CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Notes payable $ 150
Taxes accrued 864
--------
1,014
Deferred income taxes 1,026
Common stock 49,985
Retained earnings 1,776
--------
$ 53,801
========
</TABLE>
<PAGE> 44
Exhibit A
PAGE 15 OF 52
TECO PROPERTIES CORPORATION
CONSOLIDATED INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $ 3,026
--------
Expenses
Operation 592
Maintenance --
Depreciation 6
Taxes-other than income 44
--------
642
--------
Income from operations 2,384
Other income 501
--------
Income before provision for income taxes 2,885
Provision for income taxes 1,103
--------
Net income $ 1,782
========
</TABLE>
<PAGE> 45
Exhibit A
PAGE 16 OF 52
TECO PROPERTIES CORPORATION
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $ 1,183
Add
Net income 1,782
--------
2,965
Deduct
Cash dividends on capital stock
Common 1,189
--------
Balance, end of period $ 1,776
========
</TABLE>
<PAGE> 46
Exhibit A
PAGE 17 OF 52
TECO COALBED METHANE, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 203
Receivables, less allowance for uncollectibles 4,811
--------
5,014
--------
Property, plant and equipment, at original cost
Other property 212,478
Less accumulated depreciation 113,272
--------
99,206
--------
$104,220
========
</TABLE>
<PAGE> 47
Exhibit A
PAGE 18 OF 52
TECO COALBED METHANE, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Long-term debt due within one year $ --
Notes payable 67,283
Accounts payable (1,015)
Taxes accrued (99)
--------
66,169
Deferred income taxes 28,591
Other deferred credits 10
--------
Retained earnings 9,450
--------
$104,220
========
</TABLE>
<PAGE> 48
Exhibit A
PAGE 19 OF 52
TECO COALBED METHANE, INC.
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $ 34,624
--------
Expenses
Operation 14,582
Depreciation/Depletion 10,768
Taxes-other than income 1,875
Taxes-section 29 credits (1) (17,155)
--------
10,070
--------
Income before interest & income taxes 24,554
Interest expense 2
--------
Income before provision for income taxes 24,552
Provision for income taxes 2,830
--------
Net income $ 21,722
========
</TABLE>
(1) Non-conventional fuels tax credit related to coalbed methane production
is reclassified for consolidated financial statement purposes in the
provision for income taxes.
<PAGE> 49
Exhibit A
PAGE 20 OF 52
TECO COALBED METHANE, INC.
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $ 8,440
Add
Net income 21,722
--------
30,162
Deduct
Cash dividends on capital stock
Common 20,712
--------
Balance, end of period $ 9,450
========
</TABLE>
<PAGE> 50
Exhibit A
PAGE 21 OF 52
TECO INVESTMENTS, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 153
Receivables, less allowance for uncollectibles 1,084
--------
1,237
Other assets
Other investments 49,311
Deferred charges & other assets 11
--------
49,322
--------
$ 50,559
========
</TABLE>
<PAGE> 51
Exhibit A
PAGE 22 OF 52
TECO INVESTMENTS, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Accounts payable $ 17
Taxes accrued 2,611
--------
2,628
Deferred income taxes 49,256
Other deferred credits 9
Common stock 5,169
Retained earnings (6,503)
--------
$ 50,559
========
</TABLE>
<PAGE> 52
Exhibit A
PAGE 23 OF 52
TECO INVESTMENTS, INC.
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $ --
Expenses
Operation --
--------
Income from operations --
Other income (5,587)
--------
Income before provision for income taxes (5,587)
Provision for income taxes 1,498
--------
Net income $ (7,085)
========
</TABLE>
<PAGE> 53
Exhibit A
PAGE 24 OF 52
TECO INVESTMENTS, INC.
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $ 711
Add
Net income (7,085)
--------
(6,374)
Deduct
Cash dividends on capital stock
Common 129
--------
Balance, end of period $ (6,503)
========
</TABLE>
<PAGE> 54
EXHIBIT A
PAGE 25 OF 52
TECO FINANCE, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 247
Receivables, less allowance for uncollectibles 482,266
Prepayments 3,805
--------
$486,318
========
</TABLE>
<PAGE> 55
EXHIBIT A
PAGE 26 OF 52
TECO FINANCE, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Long-term debt due within one year $ --
Notes payable 542,500
Accounts payable 13,986
Interest accrued 133
Taxes accrued (1,933)
---------
554,686
Long-term debt, less amount due within one year 9,000
Common stock 100
Retained earnings (77,468)
---------
$ 486,318
=========
</TABLE>
<PAGE> 56
EXHIBIT A
PAGE 27 OF 52
TECO FINANCE, INC.
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $ 1,952
--------
Expenses
Operation 2,106
Depreciation --
--------
2,106
--------
Income before interest & income taxes (154)
Interest expense 19,834
--------
Income before provision for income taxes (19,988)
Provision for income taxes (7,704)
--------
Net income $(12,284)
========
</TABLE>
<PAGE> 57
EXHIBIT A
PAGE 28 OF 52
TECO FINANCE, INC.
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $(65,184)
Add
Net income (12,284)
--------
(77,468)
Deduct
Cash dividends on capital stock
Common --
--------
Balance, end of period $(77,468)
========
</TABLE>
<PAGE> 58
EXHIBIT A
PAGE 29 OF 52
PEOPLES GAS COMPANY
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ (41)
Receivables, less allowance for uncollectibles 5,289
Materials and supplies 1,176
Prepayments 14
--------
6,438
Property, plant and equipment, at original cost
Other property 56,971
Less accum. Deprec 20,879
--------
36,092
Other assets
Deferred charges & other assets 231
--------
$ 42,761
========
</TABLE>
<PAGE> 59
EXHIBIT A
PAGE 30 OF 52
PEOPLES GAS COMPANY
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Notes payable $ --
Accounts payable 17,389
Customer deposits 800
Interest accrued 2
Taxes accrued 161
-------
18,352
Deferred income taxes 8,484
Other 310
Common stock 5,053
Retained earnings 10,562
-------
$42,761
=======
</TABLE>
<PAGE> 60
EXHIBIT A
PAGE 31 OF 52
PEOPLES GAS COMPANY
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $34,434
-------
Expenses
Cost of goods sold 14,928
Operation 12,332
Maintenance 589
Taxes other than income 542
Depreciation 3,068
-------
31,459
-------
Income from operations 2,975
Other income 10
-------
Income before provision for income taxes 2,985
Provision for income taxes 1,221
-------
Net income $ 1,764
=======
</TABLE>
<PAGE> 61
EXHIBIT A
PAGE 32 OF 52
PEOPLES GAS COMPANY
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $11,055
Add
Net income 1,764
-------
12,819
Deduct
Cash dividends on capital stock
Common 2,257
-------
Balance, end of period $10,562
=======
</TABLE>
<PAGE> 62
EXHIBIT A
PAGE 33 OF 52
PEOPLES SALES AND SERVICE COMPANY
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ --
Receivables, less allowance for uncollectibles 977
Materials and supplies --
Prepayments 16
----
993
Property, plant and equipment, at original cost
Other property --
Less accum. Deprec --
----
Other assets
Deferred charges & other assets --
----
$993
====
</TABLE>
<PAGE> 63
EXHIBIT A
PAGE 34 OF 52
PEOPLES SALES AND SERVICE COMPANY
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Notes payable $ --
Accounts payable (622)
Taxes accrued 92
-------
(530)
Deferred income taxes --
Other --
Common stock 251
Retained earnings 1,272
-------
$ 993
=======
</TABLE>
<PAGE> 64
EXHIBIT A
PAGE 35 OF 52
PEOPLES SALES AND SERVICE COMPANY
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $ --
---------------
Expenses
Cost of product sold --
Operation --
Taxes other than income --
Depreciation --
---------------
Income from operations --
Other Income --
---------------
Income before provision for income taxes --
---------------
Provision for income taxes --
---------------
Net income $ --
===============
</TABLE>
<PAGE> 65
EXHIBIT A
PAGE 36 OF 52
PEOPLES SALES AND SERVICE COMPANY
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $1,272
Add
Net income --
------
1,272
Deduct
Cash dividends on capital stock
Common --
------
Balance, end of period $1,272
======
</TABLE>
<PAGE> 66
EXHIBIT A
PAGE 37 OF 52
TECO GAS SERVICES, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
ASSETS
Current assets
Cash and cash equivalents $ 268
Receivables, less allowance for uncollectibles 3,043
Materials and supplies --
Prepayments 5
------
3,316
Property, plant and equipment, at original cost
Other property 44
Less accum. Deprec. 23
------
21
Other assets
Deferred charges & other assets --
------
$3,337
======
</TABLE>
<PAGE> 67
EXHIBIT A
PAGE 38 OF 52
TECO GAS SERVICES, INC.
BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
LIABILITIES AND CAPITAL
Current liabilities
Notes payable $ --
Accounts payable 1,032
Taxes accrued (2)
-------
1,030
Deferred income taxes 5
Other --
Common stock 1
Retained earnings 2,301
-------
$ 3,337
=======
</TABLE>
<PAGE> 68
EXHIBIT A
PAGE 39 OF 52
TECO GAS SERVICES, INC.
INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Revenues $13,749
-------
Expenses
Cost of product sold 11,046
Operation 392
Taxes other than income 15
Depreciation 6
-------
11,459
-------
Income before provision for income taxes 2,290
Provision for income taxes 884
-------
Net income $ 1,406
=======
</TABLE>
<PAGE> 69
EXHIBIT A
PAGE 40 OF 52
TECO GAS SERVICES, INC.
STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<S> <C>
Balance, beginning of period $2,203
Add
Net income 1,406
------
3,609
Deduct
Cash dividends on capital stock
Common 1,308
------
Balance, end of period $2,301
======
</TABLE>
<PAGE> 70
Exhibit A
PAGE 41 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS Int'l TM Power TPS Hardee
TECO Power Power Venutres Guatemala Power
(parent only) (parent only) LLC One TCAE Partners
------------- ------------- --------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Current assets
Cash and cash
equivalents $ 734 $ 86 $ 319 $ 149 $ 4,508 $ 2,853
Receivables 124,249 6,260 1,456 86 5,794 6,427
Inventories at average
cost
Fuel -- -- -- -- -- 1,484
Materials and
supplies -- -- -- -- 764 2,676
Prepayments 86 -- -- 148 400 38
--------- -------- ------- ------- --------- ---------
125,069 6,346 1,775 383 11,466 13,478
--------- -------- ------- ------- --------- ---------
Investment in
subsidiaries 224,796 204,111 18,007 8,769 -- --
--------- -------- ------- ------- --------- ---------
Property, plant &
equipment, at
original cost
Plant in service -- -- -- -- 41,927 206,844
Construction work
in Process (CWIP) 26,349 -- 17,033 -- -- --
Other property 5,065 -- 11 -- 286 --
--------- -------- ------- ------- --------- ---------
31,414 -- 17,044 -- 42,213 206,844
Less accum. deprec (771) -- -- -- (7,003) (43,149)
--------- -------- ------- ------- --------- ---------
30,643 -- 17,044 -- 35,210 163,695
--------- -------- ------- ------- --------- ---------
Other assets
Notes Receivable 26,831 25,000 -- 13,750 -- --
Deferred charges &
other assets 5,522 458 3,508 1,815 4,455 3,280
--------- -------- ------- ------- --------- ---------
$ 412,861 $235,915 $40,334 $24,717 $ 51,131 $ 180,453
========= ======== ======= ======= ========= =========
</TABLE>
<PAGE> 71
Exhibit A
PAGE 42 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET (Continued)
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Hardee Hardee TPS Pasco TPS San TPS
Power I Power II Operation Power Jose Operaciones
------- -------- --------- -------- -------- -----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Current assets
Cash and cash
equivalents $ -- $ -- $ 1,352 $ -- $ 4,185 $ 718
Receivables 4,999 14,796 476 2 18,303 19
Inventories at average
cost
Fuel -- -- -- -- 3,723 --
Materials and
supplies -- -- -- -- 460 --
Prepayments -- -- (2) -- -- --
------- ------- ------- -------- -------- -----
4,999 14,796 1,826 2 26,671 737
------- ------- ------- -------- -------- -----
Investment in
subsidiaries 10,921(1) 32,965 -- -- -- --
------- ------- ------- -------- -------- -----
Property, plant &
equipment, at
original cost
Plant in service -- -- -- -- -- --
Construction work
in process (CWIP) -- -- -- -- 149,166 --
Other property -- -- -- -- -- 22
------- ------- ------- -------- -------- -----
-- -- -- -- 149,166 22
Less accum. deprec -- -- -- -- -- (5)
------- ------- ------- -------- -------- -----
-- -- -- -- 149,166 17
------- ------- ------- -------- -------- -----
Other assets
Notes Receivable -- -- -- -- -- --
Deferred charges &
other assets -- -- -- 6 49,159 37
------- ------- ------- -------- -------- -----
$15,920 $47,761 $ 1,826 $ 8 $224,996 $ 791
======= ======= ======= ======== ======== =====
</TABLE>
(1) Investment in subsidiaries represent Hardee Power I's general
partnership interest in Hardee Power Partners. The subsidiary is not
consolidated at the Hardee Power I level. The financial statements of
Hardee Power Partners are shown in full on pages 47 through 52.
<PAGE> 72
\
Exhibit A
PAGE 43 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET (Continued)
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS TPS de Elimin- TECO Power
Administraciones Ultramar ations (Consolidated)
---------------- --------- --------- --------------
<S> <C> <C> <C> <C>
ASSETS
Current assets
Cash and cash
equivalents $ 181 $ 206 $ -- $ 15,291
Receivables 294 790 (152,892) 31,059
Inventories at average
cost
Fuel -- -- -- 5,207
Materials and
supplies -- -- -- 3,900
Prepayments -- 420 -- 1,090
--------- --------- --------- ---------
475 1,416 (152,892) 56,547
--------- --------- --------- ---------
Investment in
subsidiaries -- 101,206 (477,760) 123,015
--------- --------- --------- ---------
Property, plant &
equipment, at
original cost
Plant in service -- -- -- 248,771
Construction work
in process (CWIP) -- -- -- 192,548
Other property 141 -- -- 5,525
--------- --------- --------- ---------
141 -- -- 446,844
Less accum. deprec (16) -- -- (50,944)
--------- --------- --------- ---------
125 -- -- 395,900
--------- --------- --------- ---------
Other assets
Notes Receivable -- -- (13,750) 51,831
Deferred charges &
other assets 6 4,898 -- 73,144
--------- --------- --------- ---------
$ 606 $ 107,520 $(644,402) $ 700,437
========= ========= ========= =========
</TABLE>
<PAGE> 73
Exhibit A
PAGE 44 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS Int'l TM Power TPS Hardee
TECO Power Power Ventures Guatemala Power
(parent only) (parent only) LLC One TCAE Partners
------------- ------------- -------- --------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND
CAPITAL
Current Liabilities
Long-term debt due
within one year $ -- $ -- $ -- $ -- $ 2,442 $ 6,426
Accounts payable 343,590 97,724 1,706 22,701 1,719 3,255
Interest accrued 86 -- -- -- 178 858
Taxes accrued 786 -- -- 1,741 298 --
--------- -------- -------- -------- -------- ---------
344,462 97,724 1,706 24,442 4,637 10,539
Deferred income taxes (2,754) -- -- (1,688) 1,740 --
Other deferred credits 14 -- -- -- 888 513
Sub debt - TECO Finance -- -- -- -- 13,750 --
Notes Payable 13,750 -- -- -- -- --
Long-term debt, less
amount due within one
year -- -- -- -- 19,533 125,514
Partners capital - HPI -- -- -- -- -- 10,972
Subordinated debt - HPI -- -- -- -- -- 1
Partners capital - HPII -- -- -- -- -- 32,916
Subordinated debt - HPII -- -- -- -- -- 3
Partners capital - TPS
Guatemala One -- -- -- -- 1,144 --
Partners capital - TPSIP -- -- -- -- -- --
Minority Interests -- -- -- -- 412 --
Common stock 52,341 132,788 42,717 1 -- --
Retained earnings 5,048 5,403 (4,089) 1,962 9,027 (5)
--------- -------- -------- -------- -------- ---------
$ 412,861 $235,915 $ 40,334 $ 24,717 $ 51,131 $ 180,453
========= ======== ======== ======== ======== =========
</TABLE>
<PAGE> 74
Exhibit A
PAGE 45 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET (Continued)
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Hardee Hardee TPS Pasco TPS San TPS
Power I Power II Operations Power Jose Operaciones
------- -------- ---------- -------- -------- -----------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND
CAPITAL
Current Liabilities
Long-term debt due
within one year $ -- $ -- $ -- $ -- $ 10,141 $ --
Accounts payable -- -- 2,001 1 15,819 2
Interest accrued -- -- -- -- 732 --
Taxes accrued 12 40 (176) -- 225 241
------- ------- ------- -------- -------- ----
12 40 1,825 1 26,917 243
Deferred income taxes 4,014 12,040 -- -- -- --
Other deferred credits -- -- -- -- -- --
Sub debt - TECO Finance -- -- -- -- -- --
Notes Payable -- -- -- -- -- --
Long-term debt, less
amount due within one
year -- -- -- -- 63,159 --
Partners capital - HPI -- -- -- -- -- --
Subordinated debt - HPI -- -- -- -- -- --
Partners capital - HPII -- -- -- -- -- --
Subordinated debt - HPII -- -- -- -- -- --
Partners capital - TPS
Guatemala One -- -- -- -- -- --
Partners Capital - TPSIP -- -- -- -- -- 183
Minority Interests -- -- -- -- 38,091 --
Common stock 10,973 32,919 1 7 96,829 --
Retained earnings 921 2,762 -- -- -- 365
------- ------- ------- -------- -------- ----
$15,920 $47,761 $ 1,826 $ 8 $224,996 $791
======= ======= ======= ======== ======== ====
</TABLE>
<PAGE> 75
Exhibit A
PAGE 46 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET (Continued)
December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS TPS de Elimin- TECO Power
Administrationes Ultramar ations (Consolidated)
---------------- --------- --------- --------------
<S> <C> <C> <C> <C>
LIABILITIES AND
CAPITAL
Current Liabilities
Long-term debt due
within one year $ -- $ -- $ -- $ 19,009
Accounts payable 203 1,012 (147,967) 341,766
Interest accrued -- -- (86) 1,768
Taxes accrued 145 42 -- 3,354
--------- --------- --------- ---------
348 1,054 (148,053) 365,897
Deferred income taxes -- -- -- 13,352
Other deferred credits -- -- -- 1,415
Sub debt - TECO Finance -- -- -- 13,750
Notes Payable -- -- (13,750) --
Long-term debt, less
amount due within one
year -- -- -- 208,206
Partners capital - HPI -- -- (10,972) --
Subordinated debt - HPI -- -- (1) --
Partners capital - HPII -- -- (32,916) --
Subordinated debt - HPII -- -- (3) --
Partners capital - TPS
Guatemala One -- -- (1,144) --
Partners capital - TPSIP 81 102,879 (103,143) --
Minority Interests -- -- 1,925 40,428
Common stock -- -- (316,235) 52,341
Retained earnings 177 3,587 (20,110) 5,048
--------- --------- --------- ---------
$ 606 $ 107,520 $(644,402) $ 700,437
========= ========= ========= =========
</TABLE>
<PAGE> 76
Exhibit A
PAGE 47 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS Int'l TM Power TPS Hardee
TECO Power Power Ventures Guatemala Power
(parent only) (parent only) LLC One TCAE Partners
------------- ------------- -------- --------- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Revenues $ 1,739 $ -- $ -- $ -- $16,793 $ 86,085
------- ------- ------- ------- ------- --------
Expenses
Operation 7,347 61 2,414 1,429 3,192 3,629
Maintenance -- -- -- -- -- 1,562
Fuel -- -- -- -- -- 25,871
Depreciation 180 -- -- -- 1,669 6,164
BB4 - pass through -- -- -- -- -- 23,246
Taxes other than income -- -- -- -- 105 2,529
------- ------- ------- ------- ------- --------
7,527 61 2,414 1,429 4,966 63,001
------- ------- ------- ------- ------- --------
Income from operations (5,788) (61) (2,414) (1,429) 11,827 23,084
Other income 1,156 2,164 -- -- 97 134
------- ------- ------- ------- ------- --------
Income before interest &
income taxes (4,632) 2,103 (2,414) (1,429) 11,924 23,218
------- ------- ------- ------- ------- --------
Interest charges
Long-term debt (2,667) -- -- (1,952) 4,265 10,692
Other interest expense -- -- -- -- -- (59)
------- ------- ------- ------- ------- --------
(2,667) -- -- (1,952) 4,265 10,633
------- ------- ------- ------- ------- --------
Income before provision
for income taxes (1,965) 2,103 (2,414) 523 7,659 12,585
Provision for income
taxes (1,156) -- -- 1,588 1,139 --
------- ------- ------- ------- ------- --------
Net income $ (809) $ 2,103 $(2,414) $(1,065) $ 6,520 $ 12,585
======= ======= ======= ======= ======= ========
</TABLE>
<PAGE> 77
Exhibit A
PAGE 48 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT (Continued)
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Hardee Hardee TPS TPS San TPS
Power I Power II Operations Jose Operaciones
--------- --------- ---------- --------- -----------
<S> <C> <C> <C> <C> <C>
Revenues $ 3,146 $ 9,439 $ -- $ -- $ 1,453
--------- --------- --------- --------- ---------
Expenses
Operation -- -- -- -- 1,089
Maintenance -- -- -- -- --
Fuel -- -- -- -- --
Depreciation -- -- -- -- 4
BB4 - pass through -- -- -- -- --
Taxes other than income -- -- -- -- --
--------- --------- --------- --------- ---------
-- -- -- -- 1,093
--------- --------- --------- --------- ---------
Income from operations 3,146 9,439 -- -- 360
Other income -- -- -- -- (21)
--------- --------- --------- --------- ---------
Income before interest &
income taxes 3,146 9,439 -- -- 339
--------- --------- --------- --------- ---------
Interest charges
Long-term debt -- -- -- -- --
Other interest expense -- -- -- -- --
--------- --------- --------- --------- ---------
-- -- -- -- --
--------- --------- --------- --------- ---------
Income before provision
for income taxes 3,146 9,439 -- -- 339
Provision for income
taxes 1,213 3,641 -- -- 142
--------- --------- --------- --------- ---------
Net income $ 1,933 $ 5,798 $ -- $ -- $ 197
========= ========= ========= ========= =========
</TABLE>
<PAGE> 78
Exhibit A
PAGE 49 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT (Continued)
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS TPS de Elimin- TECO Power
Administrationes Ultramar ations (Consolidated)
---------------- --------- --------- --------------
<S> <C> <C> <C> <C>
Revenues $ 753 $ 2,689 $ (12,585) $ 109,512
--------- --------- --------- ---------
Expenses
Operation 583 790 -- 20,534
Maintenance -- -- -- 1,562
Fuel -- -- -- 25,871
Depreciation 11 -- -- 8,028
BB4 - pass through -- -- -- 23,246
Taxes other than income 14 9 -- 2,657
--------- --------- --------- ---------
608 799 -- 81,898
--------- --------- --------- ---------
Income from operations 145 1,890 (12,585) 27,614
Other income 16 149 226 3,921
--------- --------- --------- ---------
Income before interest &
income taxes 161 2,039 (12,359) 31,535
--------- --------- --------- ---------
Interest charges
Long-term debt -- -- -- 10,338
Other interest expense -- -- -- (59)
--------- --------- --------- ---------
-- -- -- 10,279
--------- --------- --------- ---------
Income before provision
for income taxes 161 2,039 (12,359) 21,256
Provision for income
taxes 68 -- -- 6,635
--------- --------- --------- ---------
Net income $ 93 $ 2,039 $ (12,359) $ 14,621
========= ========= ========= =========
</TABLE>
<PAGE> 79
Exhibit A
PAGE 50 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TPS Int'l TM Power TPS Hardee
TECO Power Power Ventrues Guatemala Power
(parent only) (parent only) LLC One TCAE Partners
------------- ------------- -------- --------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Balance, beginning
of period $ 3,635 $ 970 $ -- $ 2,722 $ 5,022 $ 1,469
Add: Net income 10,188(1) 6,536(2) (2,414) (1,065) (6,520) 12,585
------- ------- ------- ------- -------- --------
13,823 7,506 (2,414) 1,657 (1,498) 14,054
Deduct:
Cash dividends on
capital stock
Common 8,775 2,103 1,675 (305) (10,525) 14,059
Balance, end of ------- ------- ------- ------- -------- --------
period $ 5,048 $ 5,403 $(4,089) $ 1,962 $ 9,027 $ (5)
======= ======= ======= ======= ======== ========
</TABLE>
(1) Includes $10,997 of TECO Power Service's equity in earnings of
subsidiaries.
(2) Includes $4,433 of TPS International Power's equity in earnings of
subsidiaries.
<PAGE> 80
Exhibit A
PAGE 51 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS (Continued)
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
Hardee Hardee TPS TPS San TPS
Power I Power II Operations Jose Operaciones
-------- -------- ---------- -------- -----------
<S> <C> <C> <C> <C> <C>
Balance, beginning
of period $ 899 $ 2,697 $ -- $ -- $ 168
Add: Net income 1,933 5,798 -- -- 197
-------- -------- -------- -------- --------
2,832 8,495 -- -- 365
Deduct:
Cash dividends on
capital stock
Common 1,911 5,733 -- -- --
Balance, end of -------- -------- -------- -------- --------
period $ 921 $ 2,762 $ -- $ -- $ 365
======== ======== ======== ======== ========
</TABLE>
<PAGE> 81
Exhibit A
PAGE 52 OF 52
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS (Continued)
TWELVE MONTHS ENDED December 31, 1999
(thousands of dollars)
<TABLE>
<CAPTION>
TECO
TPS TPS de Elimin- Power
Administrationes Ultramar ations (Consolidated)
---------------- -------- -------- --------------
<S> <C> <C> <C> <C>
Balance, beginning
of period $ 84 $ 1,548 $(15,579) $ 3,635
Add: Net income 93 2,039 (14,749) 14,621
-------- -------- -------- --------
177 3,587 (30,328) 18,256
Deduct:
Cash dividends on
capital stock
Common -- -- (10,218) 13,208
Balance, end of -------- -------- -------- --------
period $ 177 $ 3,587 $(20,110) $ 5,048
======== ======== ======== ========
</TABLE>
<PAGE> 82
EXHIBIT B
PAGE 1 OF 1
FINANCIAL DATA SCHEDULE
A financial data schedule was filed as Exhibit 27 (EX-27) part of the electronic
filing of this document made with the Securities and Exchange Commission via
EDGAR.
<PAGE> 83
EXHIBIT C
PAGE 1 OF 3
ORGANIZATIONAL CHART
SHOWING THE RELATIONSHIP OF EACH EWG
OR FOREIGN UTILITY COMPANY TO ASSOCIATE COMPANIES
IN THE HOLDING-COMPANY SYSTEM
1. TECO Energy
TECO Power Services
TPS Guatemala One
TCAE (EWG)
2. TECO Power Services
TPS International Power
TPS de Ultramar
TPS de Ultramar Guatemala
DECA II
EEGSA (foreign utility)
3. TECO Power Services
TPS International Power
TPS San Jose, LDC
San Jose Power Holding
Palm Import and Export
Triangle Finace
CGESJ (EWG, foreigh utility)
4. TECO Power Services
TM Power Ventrues, L.L.C.
TM Czech Power L.L.C.
TM Kladno Electricidad, s.r.l.
TM Kladno B.V.
Nations Kladno II, B.V.
Matra Powerplant Holdings, B.V.
ECK Generating, s.r.o (foreign
utility)
5. TECO Power Services
TM Power Ventures, L.L.C.
TM ECK, L.L.C.
Nations Kladno, B.V.
Energaticke Centrum Kladno, a.s.(ECK)(foreign
utility)
6. TECO Power Services
TM Power Ventures, L.L.C.
TM Delmarva Power, L.L.C.
Commonwealth Chesapeake Company, L.L.C. (EWG)
<PAGE> 84
Exhibit C
Page 2 of 3
The ownership percentages for the above at December 31, 1999 are as follows:
1. TECO Power had a 100 percent ownership interest in TPS Guatemala One.
TPS Guatemala One had a 96.06 percent ownership interest in TCAE.
2. TECO Power had a 100 percent ownership interest in TPS International
Power.
TPS International Power had a 100 percent ownership interest in TPS de
Ultramar.
TPS de Ultramar had a 99 percent ownership interest in TPS de Ultramar
Guatemala.
TPS International Power had a 1 percent ownership interest in TPS de
Ultramar Guatemala.
TPS de Ultramar Guatemala had a 30 percent ownership interest in DECA
II.
DECA II had an 80 percent ownership in EEGSA.
3. TECO Power had a 100 percent ownership interest in TPS International
Power.
TPS International Power had a 100 percent ownership interest in TPS San
Jose, LDC.
TPS San Jose, LDC had a 63.77 percent interest in the class A shares of
San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had a 100 percent interest in Palm Import and Export
Corp.
TPS San Jose, LDC had a 66.67 percent interest in Triangle Finance
Company, L.L.C.
San Jose Power Holding Company, Ltd. had a 92 percent interest in
CGESJ.
Palm Import and Export Corporation had an 8 percent interest in CGESJ.
4. TECO Power had a 50 percent ownership interest in TM Power Ventures,
L.L.C.
TM Power Ventures, L.L.C. had a 100 percent ownership interest in TM
Czech Power L.L.C.
<PAGE> 85
Exhibit C
Page 3 of 3
TM Czech Power L.L.C. had a 100 percent interest in TM Kladno
Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had a 100 percent interest in TM Kladno,
B.V.
TM Kladno B.V. had a 50 percent interest in Nations Kladno II B.V.
Nations Kladno II B.V. had a 30 percent interest in Matra Powerplant
Holdings, B.V.
Matra Powerplant Holdings, B.V. had an 89 percent interest in ECK
Generating.
5. TECO Power had a 50 percent ownership interest in TM Power Ventures,
L.L.C.
TM Power Ventures, L.L.C. had a 100 percent ownership in TM ECK L.L.C.
TM ECK L.L.C. had a 50 percent interest in Nations Kladno B.V.
Nations Kladno B.V. had a 26.7 percent interest in ECK.
6. TECO Power had a 50 percent ownership interest in TM Power Ventures,
L.L.C.
TM Power Ventures, L.L.C. had a 100 percent ownership in TM Delmarva
Power, L.L.C.
TM Delmarva Power, L.L.C. had a 50 percent ownership interest in
Commonwealth Chesapeake Company, L.L.C.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TECO
ENERGY, INC. CONSOLIDATING BALANCE SHEET, CONSOLIDATING STATEMENT OF INCOME AND
CONSOLIDATING STATEMENT OF RETAINED EARNINGS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000350563
<NAME> TECO ENERGY, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,690,107
<TOTAL-OPERATING-REVENUES> 1,982,990
<NET-INCOME> 186,141<F1><F2>
<FN>
<F1>Net income from continuing operations was $200.9 million and was affected by
certain events and adjustments that were unusual in nature and resulted in
charges which are not expected to recur in future periods. These charges
reduced net income by $19.6 million.
<F2>Net income includes a $14.8 million after-tax loss from discontinued
operations.
</FN>
</TABLE>
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