| TECO ENERGY, Inc. |
| SEGMENT INFORMATION (Unaudited) |
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Three Months Ended |
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Nine Months Ended |
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Twelve Months Ended |
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September 30, |
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September 30, |
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September 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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$ 439.1 |
$ 398.6 |
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$ 1,198.1 |
$ 1,093.6 |
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$1,517.3 |
$ 1,422.6 |
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| Peoples Gas |
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74.4 |
70.6 |
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237.1 |
287.0 |
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302.9 |
371.4 |
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| TECO Power Services |
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98.5 |
89.3 |
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229.2 |
229.1 |
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287.1 |
288.3 |
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| TECO Transport |
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62.8 |
65.2 |
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187.7 |
206.7 |
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255.9 |
274.2 |
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| TECO Coal |
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82.9 |
72.0 |
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244.1 |
221.6 |
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326.0 |
284.9 |
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| Other unregulated companies |
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30.5 |
25.1 |
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97.2 |
72.6 |
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131.5 |
93.3 |
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788.2 |
720.8 |
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2,193.4 |
2,110.6 |
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2,820.7 |
2,734.7 |
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| Other/eliminations |
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(57.2) |
(61.2) |
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(178.1) |
(196.5) |
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(231.3) |
(252.4) |
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| Consolidated revenues |
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$ 731.0 |
$ 659.6 |
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$ 2,015.3 |
$ 1,914.1 |
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$2,589.4 |
$ 2,482.3 |
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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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$ 63.1 |
$ 56.8 |
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$ 144.5 |
$ 125.4 |
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$ 173.1 |
$ 151.0 |
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| Peoples Gas |
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3.1 |
2.6 |
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17.3 |
17.3 |
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23.2 |
23.2 |
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| TECO Power Services (3)
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25.6 |
15.5 |
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39.4 |
24.8 |
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41.5 |
31.3 |
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| TECO Transport |
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4.7 |
6.9 |
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15.8 |
21.5 |
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21.8 |
28.0 |
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| TECO Coal |
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21.7 |
12.9 |
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58.8 |
40.6 |
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77.2 |
52.8 |
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| Other unregulated companies (4)
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1.3 |
(0.6) |
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5.4 |
3.1 |
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7.4 |
3.8 |
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| Other/financing/eliminations (5)
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(6.7) |
(3.3) |
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(17.6) |
(18.0) |
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(21.5) |
(24.4) |
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| Net income from continuing operations |
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112.8 |
90.8 |
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263.6 |
214.7 |
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322.7 |
265.7 |
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| Discontinued operations (4)
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6.1 |
6.5 |
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16.4 |
24.2 |
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22.1 |
31.1 |
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| Net income |
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$ 118.9 |
$ 97.3 |
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$ 280.0 |
$ 238.9 |
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$ 344.8 |
$ 296.8 |
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| Average common shares outstanding |
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| during the period (thousands) |
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156,126 |
135,977 |
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146,432 |
132,997 |
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144,579 |
131,387 |
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| Notes: |
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| 1) Revenues for all periods have been adjusted to reflect the recording of energy marketing related revenues on a net basis |
| as a result of the adoption of EITF 02-03, the reclassification of TECO Coalbed Methane to Discontinued operations, and 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 9-month and 12-month periods ended September 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) TECO Coalbed Methane's results have been reclassified as Discontinued operations. There is no impact to net income as reported. |
| 5) Net income for the 3-month, 9-month and 12-month periods ended September 30, 2002 for Other/eliminations includes a $ 3 million |
| after-tax charge at TECO Investments to adjust the carrying value for an aircraft leased to US Airways. |