![Company Profile: TECO Energy Inc Company Profile: TECO Energy Inc](http://web.archive.org./web/20110901230013im_/http://i.ytimg.com/vi/hLRUWYlZ8kk/0.jpg)
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- Published: 24 May 2010
- Uploaded: 10 Aug 2010
- Author: TradeTheTrend
Company name | TECO Energy |
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Company logo | |
Company type | Public () |
Foundation | 1899 |
Location | Tampa, Florida |
Key people | Sherrill W. Hudson, Chairman & CEO John B. Ramil, President & COO |
Industry | Electric Utilities |
Revenue | $1.08 billion USD (2007) |
Num employees | 4,300 |
Homepage | http://www.tecoenergy.com |
TECO Energy, Inc. () is an S&P; 500 electrical power company located in Tampa, Florida.
"TECO" is an acronym for "Tampa Electric Company".
In 2000, TECO Energy was fined $3.5 million for making changes to emissions producing facilities without installing new updated pollution controls. This led to the switch from coal to natural gas in one of its plants by 2004 and optimization of pollution controls in another. These changes were enacted to drastically cut harmful emissions, notably sulfur dioxide and nitrogen oxide pollutants.
TECO Energy proposed a $330 million emissions control project, which will make one of its power stations one of the cleanest coal-fired power plants in nation. The renovation is set to be completed in 2010 and will reduce nitrogen oxide emissions at the plant by approximately 85 percent from levels recorded in 1998.
Since 1998, TECO has invested $1.2 billion in improvements to their systems, including the repowering of one coal-fired station to natural gas and the addition of state-of-the-art pollution controls on a second. They have a long history of working cooperatively with government agencies to improve systems and comply with regulations.
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