TECO ENERGY, Inc.
SEGMENT INFORMATION (Unaudited)
 
    Three Months Ended   Six Months Ended   Twelve Months Ended
    June 30,   June 30,   June 30,
(in millions)   2000 1999   2000 1999   2000 1999
 
Revenues                  
 
Tampa Electric   $ 340.4 $ 304.4   $ 633.0 $ 565.2   $ 1,267.6 $ 1,205.5
Peoples Gas   71.4 56.7   158.1 127.9   281.9 242.0
TECO Transport   67.9 60.8   134.2 118.4   267.8 238.1
TECO Coal   56.2 59.3   107.1 112.3   232.0 233.6
TECO Power Services   46.0 28.9   87.7 52.7   144.5 107.5
Other diversified companies

35.8

23.3

71.6

46.5

135.0

102.7

    617.7 533.4   1,191.7 1,023.0   2,328.8 2,129.4
                   
Other/eliminations

(58.2)

(42.0)

(107.7)

(85.9)

(198.8)

(192.9)

Consolidated revenues

$ 559.5

$ 491.4

$ 1,084.0

$ 937.1

$ 2,130.0

$ 1,936.5

 
Operating Income                  
 
Operating income before unusual charges                  
Tampa Electric   $ 69.4 $ 68.1   $ 127.8 $ 123.3   $ 268.5 $ 266.5
Peoples Gas   9.7 8.6   26.5 23.3   46.5 39.0
TECO Transport   11.6 12.0   26.0 23.2   49.6 47.9
TECO Coal   5.3 5.0   7.3 10.2   18.7 24.3
TECO Power Services   5.8 3.6   15.3 8.4   24.2 14.8
Other diversified companies

7.0

5.8

16.1

13.2

35.8

32.1

 
    108.8 103.1   219.0 201.6   443.3 424.6
 
Other/eliminations   (9.1) (2.2)   (11.2) (4.6)   (16.7) (9.5)
Unusual charges

-

-

-

-

7.9

-

Consolidating operating income from continuing operations

$ 99.7

$ 100.9

$ 207.8

$ 197.0

$ 434.5

$ 415.1

 
Net Income                  
 
Net income before unusual charges                  
Tampa Electric   $ 35.6 $ 34.7   $ 64.3 $ 62.1   $ 141.0 $ 136.2
Peoples Gas   4.1 3.4   12.5 10.7   21.6 17.3
TECO Transport   6.4 6.9   14.3 13.1   27.4 26.7
TECO Coal   7.2 3.6   8.6 7.4   17.2 18.1
TECO Power Services   8.0 3.5   17.7 6.8   25.5 12.3
Other diversified companies   5.8 5.4   12.6 11.6   28.2 27.1
Other/eliminations

(9.6)

(4.7)

(19.0)

(9.4)

(31.7)

(17.2)

 
Net income before unusual charges   57.5 52.8   111.0 102.3   229.2 220.5
 
Unusual charges

-

-

-

-

(19.6)

(4.5)

 
Net income from continuing operations   57.5 52.8   111.0 102.3   209.6 216.0
 
Discontinued operations

-

(0.9)

-

(1.2)

(13.6)

(19.2)

 
Net income

$ 57.5

$ 51.9

$ 111.0

$ 101.1

$ 196.0

$ 196.8

Average common shares outstanding during the period (thousands)

125,342

132,042

125,842

132,005

128,129

131,917

 
Notes:                  
1) Tampa Electric's revenues for the 12-month period ended June 30, 2000 excluded $7.9 million related to the impact of non-recurring items recognized in the third quarter of 1999.
2) Operating income for TECO Power Services was net of interest costs on the company’s limited recourse debt.
3) Operating income for TECO Coalbed Methane included a tax credit on coalbed methane production.
4) Amounts from 1999 were restated to reflect TeCom's results as discontinued operations.
5) Operating income for TECO Coal for 2000 included a tax credit on synthetic fuel production.