TECO ENERGY, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (All significant intercompany transactions have been eliminated in the consolidated financial statements)
		Three Months Ended				Nine Months Ended				Twelve Months Ended
		September 30,				September 30,				September 30,
(thousands)		2000		1999		2000		1999		2000		1999
Revenues		$ 614,708		$ 555,933		$ 1,698,704		$ 1,493,015		$ 2,188,796		$ 1,966,899
Expenses
Operation		357,952		291,133		951,729		780,666		1,224,087		1,032,359
Maintenance		29,912		30,488		109,479		90,808		143,968		130,382
Depreciation		68,769		58,153		194,785		173,046		253,955		230,056
Taxes, other than income		37,092		37,374		113,949		112,688		150,094		148,945
Total expenses		493,725		417,148		1,369,942		1,157,208		1,772,104		1,541,742
Income from operations		120,983		138,785		328,762		335,807		416,692		425,157
Other income (expense)
Allowance for other funds used during construction		422		411		1,399		561		2,199		388
Other income (expense), net		10,975		(14,057)		17,657		(11,954)		16,178		(18,472)
Total other income (expense)		11,397		(13,646)		19,056		(11,393)		18,377		(18,084)
Income before interest and income taxes		132,380		125,139		347,818		324,414		435,069		407,073
Interest charges
Interest expense		48,902		37,592		124,300		91,344		157,213		117,909
Allowance for borrowed funds used during construction		(163)		(158)		(540)		(216)		(849)		(150)
Total interest charges		48,739		37,434		123,760		91,128		156,364		117,759
Income before provision for income taxes		83,641		87,705		224,058		233,286		278,705		289,314
Provision for income taxes		1,577		31,858		31,011		75,131		42,893		88,765
Net income from continuing operations		82,064		55,847		193,047		158,155		235,812		200,549
Net loss from discontinued operations		-		(705)		-		(2,449)		-		(3,922)
Loss on disposal of discontinued operations, net of tax		-		(12,920)		-		(12,330)		-		(28,421)
Net income		$ 82,064		$ 42,222		$ 193,047		$ 143,376		$ 235,812		$ 168,206
Average common shares outstanding during
the period (thousands)		125,642		131,927		125,796		131,966		126,654		131,947
Earnings per average common share outstanding:
From continuing operations -- basic		$ 0.65		$ 0.42		$ 1.53		$ 1.20		$ 1.86		$ 1.52
From discontinued operations -- basic		-		(0.10)		-		(0.11)		-		(0.25)
		$ 0.65		$ 0.32		$ 1.53		$ 1.09		$ 1.86		$ 1.27
From continuing operations -- diluted		$ 0.65		$ 0.42		$ 1.53		$ 1.20		$ 1.86		$ 1.52
From discontinued operations -- diluted		-		(0.10)		-		(0.11)		-		(0.25)
		$ 0.65		$ 0.32		$ 1.53		$ 1.09		$ 1.86		$ 1.27