Tampa Electric serves about 2,000 square miles in West Central Florida, including Hillsborough County and part of Polk, Pasco and Pinellas Counties, which includes more than 800,000 customers.
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Who owns Tampa Electric Company?
TECO Energy
Is TECO and Tampa Electric the same?
Tampa Electric Company and Peoples Gas System are the principal subsidiaries of TECO Energy Inc. (NYSE: TE), an energy-related holding company with regulated utility operations in Florida.
Where does Tampa get its electricity?
When the Big Bend project is complete, Tampa Electric will generate 75 percent of its energy from natural gas, 12 percent from coal and 7 percent from solar, even after its installation of new solar panels. Another 6 percent will come from sources such as oil.
How many employees does Tampa Electric have?
3,713
TECO Energy
| Type | Subsidiary |
|---|---|
| Headquarters | Tampa, Florida, United States |
| Area served | Florida |
| Key people | Nancy Tower (CEO Tampa Electric Company) T.J. Szelistowski (President Peoples Gas Company) |
| Number of employees | 3,713 |
Who is Teco owned by?
Emera Inc.
TECO Energy is subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
Who is the CEO of Tampa Electric?
Archie Collins
envisions a greener Tampa Bay. Archie Collins shared his goals for renewable energy and his company’s culture.
Why is TECO bill so high?
TECO and DEF both reportedly sent 2021 fuel cost estimates to Florida PSC. The Commission says that an increase in natural gas prices has created a cost under-recovery for both companies, leading to the approved rate increases.
Is Tampa Electric publicly traded?
Tampa Electric Company is a public utility operating within the state of Florida. Through its Tampa Electric division, it is engaged in the generation, purchase, transmission, distribution and sale of electric energy.
What does TECO stand for?
TECO
| Acronym | Definition |
|---|---|
| TECO | Tampa Electric Company |
| TECO | Text Editor and Corrector |
| TECO | Tape Editor and Corrector |
| TECO | Telecooperation Office (University of Karlsruhe, Germany) |
What fuel does TECO use?
| Big Bend Power Station | |
|---|---|
| Owner(s) | TECO Energy |
| Thermal power station | |
| Primary fuel | Bituminous coal |
| Secondary fuel | Distillate fuel oil |
Where does TECO get their energy from?
In 2017, 67 percent of Tampa Electric’s power was generated with natural gas and 24 percent came from coal, the announcement said. That would shift to 75 percent generated by natural gas and 12 percent from coal in 2023. The project was pegged as costing $853 million.
Is Solar good in Florida?
As a general rule, solar is worth it in Florida. Generous electricity buy-back rates, the Florida state sales tax exemption, the property tax exemption and the Federal Solar Tax Rebate all combine to give an attractive solar payback period of 11 years on average, making solar well-worth it in Florida.
When did Emera buy Teco?
2015
October 8, 2015. On September 4, TECO Energy and Emera finalized an agreement for Emera to acquire TECO Energy, which includes Tampa Electric, Peoples Gas, and New Mexico Gas Company.
What happened TECO Energy?
Emera completes acquisition of TECO Energy, which will still be called TECO Energy. TAMPA — Emera Inc. of Nova Scotia on Friday completed the acquisition of TECO Energy, the Tampa-based parent of the utility that has been providing electricity to the city and Hillsborough County for more than a century.
Is TECO Public or private?
Here’s five key details about the sale of Tampa-based TECO Energy (NYSE: TE), one of the largest public companies and employers headquartered in Tampa Bay.
How old is TECO?
About 122 years (1899)TECO Energy
How much is TECO deposit?
TECO will accept a deposit to secure your account. You can pay the deposit by cash or check, which will accrue interest at an amount subject to change. The deposit is based on twice the average monthly bill at your location. After six months of service, the interest is credited to your account annually.
What is the average electric bill in Tampa Florida?
The average electric bill in Tampa is $111.67.
Did TECO raise rates?
Tampa Electric, which is seeking to make up $73.68 million, will have increased bills from September through December. The changes will add about $12.82 to the monthly bills of residential customers who use 1,000 kilowatt hours of electricity a month — a 12.18 percent increase.
How much does TECO charge per kWh?
Under Tampa Electric’s tiered rate structure, residential customers are billed at 5.495 cents per kWh for the first 1,000 kWh of energy usage, and at 6.495 cents per kWh for any usage over 1,000 kWh.
