TECO ENERGY, Inc.
CONSOLIDATED BALANCE SHEETS (Unaudited)
(All significant intercompany transactions have been eliminated in the consolidated financial statements.)
              

      September 30,
(thousands)    2000    1999

ASSETS            
Current assets            
Cash and cash equivalents    $ 26,395    $ 9,913
Short-term investments    6    6
Receivables, less allowance for uncollectibles    371,658    266,647
Inventories, at average cost            
Fuel    79,217    77,731
Materials and supplies    70,816    68,213
Prepayments    28,070    15,798

Total current assets    576,162    438,308

              
Property, plant and equipment            
Utility plant in service-electric    4,447,802    4,032,453
Utility plant in service-gas    641,448    571,366
Construction work in progress    233,487    160,273
Other property    1,041,936    1,027,249

      6,364,673    5,791,341
Accumulated depreciation    (2,547,398)    (2,402,048)

Total property, plant and equipment, net    3,817,275    3,389,293

              
Other assets            
Other investments    222,999    119,315
Investment in unconsolidated affiliates    153,176    146,298
Deferred income taxes    118,471    104,675
Deferred charges and other assets    282,004    155,744

Total other assets    776,650    526,032

Total assets    $ 5,170,087    $ 4,353,633

              
              

LIABILITIES AND CAPITAL            
Current liabilities            
Long-term debt due within one year    $ 228,648    $ 35,056
Notes payable    935,900    469,300
Accounts payable    247,230    166,692
Customer deposits    81,529    79,723
Interest accrued    38,593    26,974
Taxes accrued    141,867    89,945

Total current liabilities    1,673,767    867,690
              
Other liabilities            
Deferred income taxes    438,469    481,998
Investment tax credits    38,043    42,979
Regulatory liability -- tax related    9,448    32,826
Other deferred credits    172,201    140,089
Long-term debt, less amount due within one year    1,359,820    1,268,815
              
Capital            
Common equity (outstanding 125,895,466 shares in 2000,            
after deducting 7,043,000 shares in Treasury at a cost of            
$144.7 million, and 131,463,457 shares in 1999)    1,530,167    1,576,437
Unearned compensation    (51,828)    (57,201)

Total liabilities and capital    $ 5,170,087    $ 4,353,633

              
Book value per share    $ 12.15    $ 11.99