| TECO
ENERGY, Inc. |
| SEGMENT
INFORMATION (Unaudited) |
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Twelve Months |
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Three Months Ended |
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Nine Months Ended |
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Nine Months Ended |
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Twelve Months Ended |
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Ended |
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September 30, |
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September 30, |
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September 30, |
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September 30, |
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December 31, |
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| (in millions) |
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2001 |
2000 |
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2001 |
2000 |
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2001 |
2000 |
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2000 |
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| Revenues |
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| Tampa Electric |
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$ 398.5 |
$ 391.8 |
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$ 1,093.6 |
$ 1,024.8 |
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$1,422.6 |
$ 1,300.9 |
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$ 1,353.8 |
| Peoples Gas |
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70.6 |
72.0 |
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287.0 |
230.1 |
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371.4 |
296.7 |
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314.5 |
| TECO Power Services |
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90.4 |
56.5 |
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231.3 |
144.2 |
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291.9 |
168.8 |
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204.9 |
| TECO Transport |
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65.2 |
68.1 |
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206.7 |
202.4 |
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274.2 |
270.8 |
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269.8 |
| TECO Coal |
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72.0 |
62.4 |
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221.6 |
169.5 |
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284.9 |
233.9 |
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232.8 |
| Other diversified companies |
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43.3 |
28.9 |
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149.5 |
100.5 |
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197.0 |
135.8 |
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148.0 |
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740.0 |
679.7 |
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2,189.7 |
1,871.5 |
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2,842.0 |
2,406.9 |
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2,523.8 |
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| Other/eliminations |
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(61.2) |
(65.0) |
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(196.5) |
(172.8) |
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(252.3) |
(218.1) |
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(228.7) |
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| Consolidated revenues |
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$ 678.8 |
$ 614.7 |
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$ 1,993.2 |
$ 1,698.7 |
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$2,589.7 |
$ 2,188.8 |
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$ 2,295.1 |
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| Net Income (as previously reported) |
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| Net income before charges |
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| Tampa Electric |
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$ 56.8 |
$ 54.6 |
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$ 125.4 |
$ 118.9 |
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$ 151.0 |
$ 142.7 |
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$ 144.5 |
| Peoples Gas |
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2.6 |
3.4 |
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17.3 |
15.9 |
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23.2 |
22.4 |
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21.8 |
| TECO Power Services |
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15.5 |
6.9 |
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24.8 |
24.6 |
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37.1 |
28.7 |
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36.9 |
| TECO Transport |
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6.9 |
8.0 |
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21.5 |
22.3 |
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27.9 |
28.6 |
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28.7 |
| TECO Coal |
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12.9 |
15.7 |
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40.6 |
24.3 |
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53.9 |
28.6 |
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37.5 |
| Other diversified companies |
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6.0 |
10.5 |
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27.4 |
23.1 |
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35.5 |
31.9 |
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31.3 |
| Other/financing/eliminations |
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(3.4) |
(17.1) |
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(18.1) |
(36.1) |
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(31.8) |
(43.6) |
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(49.8) |
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| Net income before charges |
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97.3 |
82.0 |
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238.9 |
193.0 |
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296.8 |
239.3 |
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250.9 |
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| Charges |
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(3.5) |
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| Consolidating net income |
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| from continuing operations |
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$ 97.3 |
$ 82.0 |
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$ 238.9 |
$ 193.0 |
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$ 296.8 |
$ 235.8 |
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$ 250.9 |
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| Discontinued operations |
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- |
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| Net income |
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$ 97.3 |
$ 82.0 |
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$ 238.9 |
$ 193.0 |
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$ 296.8 |
$ 235.8 |
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$ 250.9 |
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| Net Income (including internally |
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| allocated finance costs) (1) |
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| Net income before charges |
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| Tampa Electric |
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$ 56.8 |
$ 54.6 |
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$ 125.4 |
$ 118.9 |
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$ 151.0 |
$ 142.7 |
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$ 144.5 |
| Peoples Gas |
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2.6 |
3.4 |
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17.3 |
15.9 |
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23.2 |
22.4 |
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21.8 |
| TECO Power Services |
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15.5 |
3.7 |
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24.8 |
16.3 |
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31.3 |
18.8 |
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22.8 |
| TECO Transport |
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6.9 |
8.2 |
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21.5 |
22.7 |
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28.0 |
29.1 |
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29.2 |
| TECO Coal |
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12.9 |
14.6 |
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40.6 |
21.4 |
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52.8 |
24.8 |
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33.5 |
| Other diversified companies |
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6.0 |
9.7 |
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27.4 |
20.8 |
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34.6 |
28.9 |
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28.2 |
| Other/financing/eliminations |
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(3.4) |
(12.2) |
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(18.1) |
(23.0) |
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(24.1) |
(27.4) |
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(29.1) |
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| Net income before charges |
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97.3 |
82.0 |
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238.9 |
193.0 |
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296.8 |
239.3 |
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250.9 |
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| Charges |
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- |
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- |
- |
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- |
(3.5) |
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- |
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| Net income from continuing operations |
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97.3 |
82.0 |
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238.9 |
193.0 |
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296.8 |
235.8 |
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250.9 |
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| Discontinued operations |
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| Net income |
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$ 97.3 |
$ 82.0 |
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$ 238.9 |
$ 193.0 |
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$ 296.8 |
$ 235.8 |
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$ 250.9 |
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| Average common shares outstanding |
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| during the period (thousands) |
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135,977 |
125,642 |
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132,997 |
125,796 |
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131,387 |
126,654 |
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125,882 |
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| Notes: |
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| 1) Beginning in 2001, segment net income is reported on a basis that includes internally allocated financing costs. Prior period net income has been |
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| restated to reflect the estimated internally allocated financing costs that would have been attributable to such prior periods. Internally allocated |
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| finance costs for 2001 and 2000 were at pretax rates of 7% and 6.75%, respectively, based on the average investment in each subsidiary. |
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| 2) Net income for the 3-month, 9-month and 12-month periods ended September 30, 2000 and December 31, 2000 for Other diversified companies |
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| include an $8.3 million after tax cash gain from the TECO Propane Venture and Heritage Propane transaction partially offset by a $3.8 million |
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| charge to adjust property values at TECO Properties. |
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| 3) Other/eliminations Net income for the 3-month, 9-month and 12-month periods ended September 30, 2000 and December 31, 2000 includes an |
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| after tax charge of $5.2 million relating to the carrying value of the leveraged lease portfolio. |
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