Summary of TECO ENERGY INC

Change in Directors or Principal Officers, Financial Statements and Exhibits

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

(b) On July 29, 2009, Gordon L. Gillette, 49, previously the Corporation's Executive Vice President and Chief Financial Officer, was appointed by the Corporation's subsidiary, Tampa Electric Company, to replace its previous President, Charles R. Black, and the President of its Peoples Gas System Division, William N. Cantrell. Mr. Gillette will no longer serve as the Corporation's Executive Vice President and Chief Financial Officer. A press release announcing these events is attached as Exhibit 99.1 hereto.

(c) On July 29, 2009, Sandra W. Callahan was appointed Vice President-Finance and Accounting and Chief Financial Officer (Treasurer and Chief Accounting Officer) of TECO Energy, Inc. and Tampa Electric Company. From July 2000 to January 2007, Ms. Callahan, 56, served as the Corporation's Vice President-Risk Management and Treasury (Treasurer), and since January 2007, also served as its Chief Accounting Officer. In connection with such appointment, Ms. Callahan will receive an annual base salary of $310,000 and will be eligible to receive an annual incentive award under the Corporation's 2009 Annual Incentive Compensation Plan based on a target award percentage of 50% of her base salary, depending on the level of achievement of the goals under such Plan.