Item 2.02: Results of Operations and Financial Condition

See the Press Release dated May 1, 2009 furnished as Exhibit 99.1 and incorporated herein by reference, reporting on TECO Energy, Inc.'s financial results for the three months ended March 31, 2009.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

As contemplated in the Corporation's 2009 proxy statement (the "Proxy Statement"), the goal representing 10% or 15% of each executive officer's 2008 annual incentive award based on the Corporation's annual earnings per share growth and return on equity relative to that of other companies in the industry was determined on April 29, 2009, after the printing of the Proxy Statement. The Corporation was below the median of the peer group companies for return on equity and earnings per share growth in 2008, which resulted in no payout for this goal. The determination of the relative performance goal, therefore, did not result in any changes to the Summary Compensation Table as included in the Proxy Statement.

Item 9.01: Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release dated May 1, 2009 reporting on TECO Energy, Inc.'s financial results for the three months ended March 31, 2009.

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