February 24, 2018 12:53 PM ET

Electric Utilities

Company Overview of Tampa Electric Company

Company Overview

Tampa Electric Company engages in regulated electric and gas utility operations in Florida. Its Tampa Electric division is involved in the generation, purchase, transmission, distribution, and sale of electric energy. This segment provides retail electric service to approximately 750,000 customers in West Central Florida, including Hillsborough county, as well as parts of Polk, Pasco, and Pinellas counties with a net winter system generating capability of 5,218 megawatts. It also engages in wholesale sales to utilities and other resellers of electricity. This segment has 2 electric generating stations in or near Tampa and 1 generating station in southwestern Polk County; 180 substations havi...

TECO Plaza

702 North Franklin Street

Tampa, FL 33602

United States

Founded in 1899

2,650 Employees



Key Executives for Tampa Electric Company

Senior VP of Finance & Accounting, CFO and Chief Accounting Officer
Age: 52
President of Peoples Gas System
Age: 56
President of New Mexico Gas Company, Inc
Age: 51
Chief HR Officer & Procurement Officer
Age: 63
Compensation as of Fiscal Year 2017.

Tampa Electric Company Key Developments

Tampa Electric Company Presents at DistribuTECH 2018, Jan-23-2018 03:00 PM

Tampa Electric Company Presents at DistribuTECH 2018, Jan-23-2018 03:00 PM. Venue: Henry B. Gonzalez Convention Center, San Antonio, Texas, United States. Speakers: David Lukcic, Director - AMI Strategic Solutions.

Tampa Electric Company Enters into Credit Agreement

On November 2, 2017, Tampa Electric Company entered into a Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd., The Bank of Nova Scotia, and Royal Bank of Canada, as Joint Lead Arrangers, JPMorgan Chase Bank, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd., The Bank of Nova Scotia, and Royal Bank of Canada as Joint Book runners and Syndication Agents, and the following lenders: Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., Royal Bank of Canada, The Bank of Tokyo-Mitsubishi UFJ Ltd., The Bank of Nova Scotia, Suntrust Bank, The Bank of New York Mellon, Bank of America, N.A., Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank, New York Branch. The Credit Agreement is a 364-day, $300 million bank credit facility with a maturity date of November 1, 2018.

Tampa Electric Announces Executive Changes

Emera Inc. announced that Nancy Tower will become the President and Chief Executive Officer of Tampa Electric upon Gordon Gillette’s retirement on November 30, 2017. During her 20 years with Emera, Tower has held a variety of senior corporate and operational roles. Most recently she was Chief Corporate Development Officer for Emera and was instrumental in making the TECO transaction happen. Tower joins a strong leadership team at Tampa Electric focused on delivering nearly 4,700 megawatts of capacity and serving 750,000 customers in West Central Florida. Emera’s Florida Operations are organized into three teams, led by the following: Nancy Tower, President and CEO, Tampa Electric; T.J. Szelistowski, President, Peoples Gas; Sarah MacDonald, President, TECO Services Inc. Tower and Szelistowski report into the Tampa Electric board, and MacDonald reports into the TECO Services board; both boards are chaired by Balfour.

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