Type Subsidiary Founded 1899 CEO John B. Ramil (Aug 2010–) Parent organization Emera | Industry Energy Key people Gordon Gillette (CEO) President Ryan Shell | |
Revenue US$ 2,566.4 million (2014)
US$ 2,355.1 million (2013) Net income US$ 206.4 million (2014)
US$ 188.7 million (2013) Headquarters Tampa, Florida, United States CIO Karen Mincey (Information Technology, Telecommunications) Subsidiaries TECO Coal Corporation VPs David Nicholson, Karen Mincey, David E. Schwartz | ||
Teco energy purchased by canadian company emera
TECO Energy Inc. is an energy-related holding company based in Tampa, Florida, providing electricity to the Tampa area, and natural gas throughout the state of Florida through its subsidiaries Tampa Electric and Peoples Gas respectively. On September 4, 2015, Emera, a utility holding company based in Halifax, Nova Scotia, Canada, announced the pending acquisition of TECO Energy. TECO Energy as of July 1, 2016 is now a wholly owned subsidiary of Emera, Inc.
Contents
- Teco energy purchased by canadian company emera
- Company profile teco energy inc
- Environmental Record
- References
Company profile teco energy inc
Environmental Record
In 2000, TECO Energy was fined $3.5 million for making changes to emissions producing facilities without installing new updated pollution controls. This led to the switch from coal to natural gas in one of its plants by 2004 and optimization of pollution controls in another. These changes were enacted to drastically cut emissions, notably sulfur dioxide and nitrogen oxide emissions.
TECO Energy completed a $330 million emissions control project in 2010, which made one of its power stations one of the cleanest coal-fired power plants in the nation. The renovation reduced nitrogen oxide emissions at the plant by approximately 91 percent from levels recorded in 1998.
Since 1998, TECO has invested $1.2 billion in improvements to the company's systems, including the repowering of one coal-fired station to natural gas and the addition of pollution controls on a second, reducing sulfur dioxide and nitrogen oxide emissions by more than 91 percent and carbon dioxide levels by 20 percent from 1998 levels.