SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 25, 1995
TAMPA ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
FLORIDA 1-5007 59-0475140
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) Number) Identification No.)
702 North Franklin Street, Tampa Florida 33602
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (813) 228-4111
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Item 5. Other Events
On April 25, 1995, Moody's Investors Service lowered the senior
and subordinate debt ratings of the registrant one level to Aa2 and
Aa3 from Aa1 and Aa2, respectively. Moody's also changed its ratings
outlook to "stable" from "negative."
Moody's P-1 short-term debt rating for the commercial paper
program of the registrant remains unchanged.
A summary of the debt ratings and related information for the
registrant is set forth below:
Standard Duff
Moody's & Poor's & Phelps
Long-Term Ratings:
First Mortgage Bonds Aa2 AA AA+(2)
Pollution Control
Revenue Bonds Aa3 AA- AA
Short-Term Ratings:
Commercial Paper P-1 A-1+ D-1+
Date of Last Change
or Affirmation
of Ratings: April 1995 Dec. 1994(1) March 1995
____________________
(1) Standard & Poor's changed its rating outlook to "stable" from
"negative" in December 1994.
(2) Duff & Phelps upgraded the company's First Mortgage Bond rating
to AA+ from AA in March 1995.
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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: April 26, 1995 Tampa Electric Company
By:/s/ L. L. Lefler
L. L. Lefler
Vice President -- Controller
(Chief Accounting Officer)
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