TECO ENERGY, Inc.    
SEGMENT INFORMATION (Unaudited)    

                           
                           
    Three Months Ended   Nine Months Ended   Six Months Ended   Twelve Months Ended  
    June 30,   September 30,   June 30,   June 30,  
(in millions)   2002 2001         2002 2001   2002 2001  
                           
Revenues(1)                          
                           
Tampa Electric   $ 413.3 $ 359.0         $ 759.0 $ 695.0   $ 1,476.7 $ 1,415.8  
Peoples Gas   77.3 82.3         162.7 216.4   299.2 372.8  
TECO Power Services   75.4 71.6         130.7 139.8   277.0 256.0  
TECO Transport   60.7 69.6         124.9 141.5   258.2 277.1  
TECO Coal   80.2 72.2         161.2 149.6   315.1 275.3  
Other diversified companies   174.7 52.3         341.9 106.0   503.2 187.8  

    881.6 707.0         1,680.4 1,448.3   3,129.4 2,784.8  
                           
Other/eliminations   (61.7) (65.2)         (120.2) (135.3)   (234.4) (256.2)  

Consolidated revenues   $ 819.9 $ 641.8         $ 1,560.2 $ 1,313.0   $ 2,895.0 $ 2,528.6  

                           
Net Income (including internally                          
allocated finance costs) (2)                          
                           
Net income before charges                          
Tampa Electric   $ 45.4 $ 38.1         $ 81.4 $ 68.6   $ 166.8 $ 148.9  
Peoples Gas   4.4 4.2         14.2 14.7   22.7 23.9  
TECO Power Services   8.9 6.8         13.8 9.3   31.4 19.5  
TECO Transport   4.2 6.2         11.1 14.6   24.0 29.3  
TECO Coal   19.7 13.7         37.1 27.7   68.5 54.4  
Other diversified companies   6.7 10.1         14.4 21.4   28.0 38.4  
Other/financing/eliminations   (3.6) (7.2)         (10.9) (14.7)   (18.1) (32.9)  

                           
Net income from continuing operations   85.7 71.9         161.1 141.6   323.3 281.5  
                           
Discontinued operations   - -         - -   - -  

                           

Net income   $ 85.7 $ 71.9         $ 161.1 $ 141.6   $ 323.3 $ 281.5  

Average common shares outstanding                          
during the period (thousands)   144,205 135,670         142,268 131,712   139,919 128,979  

                           
Notes:                          
1) Revenues for all periods have been restated to reflect the reclassification of earnings from equity investments from                          
Revenues to Other Income. There is no impact to net income as reported.                          
2) Segment net income is reported on a basis that includes internally allocated financing costs.                          
3) Net income for the 6-month and 12-month periods ended June 30, 2001 for TECO Power Services included a $6.1 million                          
after tax valuation reserve recognized for TPS' sale of its minority interests in Energia Global International, Ltd.                          
4) Net income for the 12-month period ended June 30, 2001 for Other diversified companies includes an $8.3 million                          
after tax cash gain from the TECO Propane Venture and Heritage Propane transaction partially offset by a $3.8 million                          
charge to adjust property values at TECO Properties.                          
5) Other/eliminations Net income for the 12-month period ended June 30, 2001 includes an after tax charge of $5.2 million                          
relating to the carrying value of the leveraged lease portfolio.