| 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, |
| (in millions) |
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2000 |
1999 |
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2000 |
1999 |
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2000 |
1999 |
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| Revenues |
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| Tampa Electric |
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$ 391.8 |
$ 358.6 |
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$ 1,024.8 |
$ 923.8 |
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$ 1,300.9 |
$ 1,210.4 |
| Peoples Gas |
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72.0 |
57.2 |
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230.1 |
185.1 |
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296.7 |
249.7 |
| TECO Transport |
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68.1 |
65.1 |
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202.4 |
183.5 |
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270.8 |
242.2 |
| TECO Coal |
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62.4 |
60.5 |
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169.5 |
172.9 |
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233.9 |
231.6 |
| TECO Power Services |
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56.5 |
32.2 |
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144.2 |
84.9 |
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168.8 |
110.4 |
| Other diversified companies |
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28.9 |
28.1 |
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100.5 |
74.6 |
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135.8 |
101.1 |
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679.7 |
601.7 |
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1,871.5 |
1,624.8 |
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2,406.9 |
2,145.4 |
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| Other/eliminations |
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(65.0) |
(45.8) |
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(172.8) |
(131.8) |
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(218.1) |
(178.5) |
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| Consolidated revenues |
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$ 614.7 |
$ 555.9 |
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$ 1,698.7 |
$ 1,493.0 |
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$ 2,188.8 |
$ 1,966.9 |
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| Operating Income |
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| Operating income before unusual charges |
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| Tampa Electric |
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$ 108.0 |
$ 96.7 |
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$ 235.8 |
$ 220.0 |
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$ 279.8 |
$ 268.6 |
| Peoples Gas |
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7.5 |
6.4 |
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34.0 |
29.7 |
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47.6 |
42.3 |
| TECO Transport |
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14.3 |
12.2 |
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40.3 |
35.4 |
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51.6 |
48.1 |
| TECO Coal |
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10.2 |
5.5 |
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17.5 |
15.7 |
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23.2 |
21.5 |
| TECO Power Services |
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4.5 |
3.7 |
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19.8 |
12.1 |
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25.1 |
15.8 |
| Other diversified companies |
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1.2 |
8.5 |
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17.3 |
21.7 |
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28.7 |
30.9 |
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145.7 |
133.0 |
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364.7 |
334.6 |
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456.0 |
427.2 |
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| Other/eliminations |
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(24.7) |
(2.1) |
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(35.9) |
(6.7) |
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(39.3) |
(10.0) |
| Unusual charges |
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7.9 |
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7.9 |
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7.9 |
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| Consolidating operating income |
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| from continuing operations |
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$ 121.0 |
$ 138.8 |
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$ 328.8 |
$ 335.8 |
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$ 416.7 |
$ 425.1 |
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| Net Income |
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| Net income before unusual charges |
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| Tampa Electric |
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$ 54.7 |
$ 53.0 |
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$ 118.9 |
$ 115.1 |
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$ 142.7 |
$ 137.8 |
| Peoples Gas |
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3.3 |
2.5 |
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15.9 |
13.3 |
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22.4 |
19.4 |
| TECO Transport |
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8.0 |
6.8 |
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22.3 |
19.9 |
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28.6 |
27.0 |
| TECO Coal |
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15.7 |
4.2 |
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24.3 |
11.7 |
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28.6 |
16.1 |
| TECO Power Services |
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7.0 |
3.7 |
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24.6 |
10.4 |
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28.7 |
13.4 |
| Other diversified companies |
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10.4 |
6.9 |
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23.1 |
18.5 |
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31.9 |
26.1 |
| Other/eliminations |
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(17.1) |
(5.1) |
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(36.1) |
(14.6) |
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(43.6) |
(18.7) |
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| Net income before unusual charges |
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82.0 |
72.0 |
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193.0 |
174.3 |
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239.3 |
221.1 |
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| Unusual charges |
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(16.1) |
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(16.1) |
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(3.5) |
(20.6) |
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| Net income from continuing operations |
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82.0 |
55.9 |
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193.0 |
158.2 |
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235.8 |
200.5 |
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| Discontinued operations |
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(13.6) |
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(14.8) |
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(32.3) |
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| Net income |
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$ 82.0 |
$ 42.3 |
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$ 193.0 |
$ 143.4 |
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$ 235.8 |
$ 168.2 |
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| Average common shares outstanding |
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| during the period (thousands) |
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125,642 |
131,927 |
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125,796 |
131,966 |
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126,654 |
131,947 |
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| Notes: |
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- Tampa Electric's revenues for the periods ended September 30, 1999 excluded $7.9 million related to the impact of charges recognized in the third quarter of 1999.
- Operating income for TECO Power Services was net of interest costs on the company’s limited recourse debt.
- Operating income for TECO Coalbed Methane included a tax credit on coalbed methane production.
- Amounts from 1999 were restated to reflect TeCom's results as discontinued operations.
- Operating income for TECO Coal for 2000 included a tax credit on synthetic fuel production.
- Net income for the 3-month, 6-month and 12-month periods ended September 30, 2000 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.
- Other/eliminations Net income for the 3-month, 9-month and 12-month periods ended September 30, 2000 includes a charge of $5.2 million relating to the carrying value of the leveraged lease portfolio.
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