| TECO ENERGY, Inc. |
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| SEGMENT INFORMATION (Unaudited) |
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Three Months Ended |
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Nine Months Ended |
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Six Months Ended |
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Twelve Months Ended |
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June 30, |
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September 30, |
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June 30, |
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June 30, |
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| (in millions) |
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2002 |
2001 |
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2002 |
2001 |
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2002 |
2001 |
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| Revenues(1) |
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| Tampa Electric |
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$ 413.3 |
$ 359.0 |
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$ 759.0 |
$ 695.0 |
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$ 1,476.7 |
$ 1,415.8 |
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| Peoples Gas |
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77.3 |
82.3 |
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162.7 |
216.4 |
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299.2 |
372.8 |
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| TECO Power Services |
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75.4 |
71.6 |
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130.7 |
139.8 |
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277.0 |
256.0 |
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| TECO Transport |
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60.7 |
69.6 |
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124.9 |
141.5 |
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258.2 |
277.1 |
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| TECO Coal |
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80.2 |
72.2 |
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161.2 |
149.6 |
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315.1 |
275.3 |
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| Other diversified companies |
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174.7 |
52.3 |
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341.9 |
106.0 |
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503.2 |
187.8 |
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881.6 |
707.0 |
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1,680.4 |
1,448.3 |
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3,129.4 |
2,784.8 |
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| Other/eliminations |
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(61.7) |
(65.2) |
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(120.2) |
(135.3) |
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(234.4) |
(256.2) |
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| Consolidated revenues |
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$ 819.9 |
$ 641.8 |
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$ 1,560.2 |
$ 1,313.0 |
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$ 2,895.0 |
$ 2,528.6 |
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| Net Income (including internally |
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| allocated finance costs) (2) |
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| Net income before charges |
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| Tampa Electric |
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$ 45.4 |
$ 38.1 |
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$ 81.4 |
$ 68.6 |
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$ 166.8 |
$ 148.9 |
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| Peoples Gas |
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4.4 |
4.2 |
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14.2 |
14.7 |
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22.7 |
23.9 |
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| TECO Power Services |
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8.9 |
6.8 |
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13.8 |
9.3 |
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31.4 |
19.5 |
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| TECO Transport |
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4.2 |
6.2 |
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11.1 |
14.6 |
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24.0 |
29.3 |
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| TECO Coal |
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19.7 |
13.7 |
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37.1 |
27.7 |
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68.5 |
54.4 |
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| Other diversified companies |
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6.7 |
10.1 |
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14.4 |
21.4 |
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28.0 |
38.4 |
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| Other/financing/eliminations |
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(3.6) |
(7.2) |
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(10.9) |
(14.7) |
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(18.1) |
(32.9) |
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| Net income from continuing operations |
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85.7 |
71.9 |
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161.1 |
141.6 |
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323.3 |
281.5 |
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| Discontinued operations |
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- |
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- |
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- |
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| Net income |
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$ 85.7 |
$ 71.9 |
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$ 161.1 |
$ 141.6 |
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$ 323.3 |
$ 281.5 |
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| Average common shares outstanding |
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| during the period (thousands) |
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144,205 |
135,670 |
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142,268 |
131,712 |
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139,919 |
128,979 |
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| Notes: |
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| 1) Revenues for all periods have been restated to reflect the reclassification of earnings from equity investments from |
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| Revenues to Other Income. There is no impact to net income as reported. |
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| 2) Segment net income is reported on a basis that includes internally allocated financing costs. |
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| 3) Net income for the 6-month and 12-month periods ended June 30, 2001 for TECO Power Services included a $6.1 million |
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| after tax valuation reserve recognized for TPS' sale of its minority interests in Energia Global International, Ltd. |
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| 4) Net income for the 12-month period ended June 30, 2001 for Other diversified companies includes an $8.3 million |
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| 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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| 5) Other/eliminations Net income for the 12-month period ended June 30, 2001 includes an after tax charge of $5.2 million |
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| relating to the carrying value of the leveraged lease portfolio. |
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