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What are 's Business Segments?



TAMPA ELECTRIC—Electric Operations

Tampa Electric Company was incorporated in Florida in 1899 and was reincorporated in 1949. 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. The retail territory served comprises an area of about 2,000 square miles in West Central Florida, including Hillsborough County and parts of Polk, Pasco and Pinellas Counties, and has an estimated population of over one million. The principal communities served are Tampa, Winter Haven, Plant City and Dade City. In addition, Tampa Electric engages in wholesale sales to utilities and other resellers of electricity. It has two electric generating stations in or near Tampa, one electric generating station in southwestern Polk County, Florida and two electric generating stations (one of which is on long-term standby) located near Sebring, a city located in Highlands County in South Central Florida.

PEOPLES GAS SYSTEM—Gas Operations

Peoples Gas System (PGS) operates as the Peoples Gas System division of Tampa Electric Company. PGS is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in the State of Florida.

PGS uses three interstate pipelines to receive gas for sale or other delivery to customers connected to its distribution system. PGS does not engage in the exploration for or production of natural gas. PGS operates a natural gas distribution system that serves over 299,000 customers. The system includes approximately 9,500 miles of mains and over 5,500 miles of service lines.

TECO TRANSPORT

TECO Transport owns all of the common stock of four subsidiaries which transport, store and transfer coal and other dry-bulk commodities. These subsidiaries include TECO Ocean Shipping, Inc. (Ocean Shipping), TECO Barge Line, Inc. (TECO Barge), TECO Bulk Terminal, LLC (Bulk Terminal) and TECO Towing Company. TECO Transport currently owns no operating assets.

TECO Transport’s subsidiaries perform substantial services for Tampa Electric. In 2003, approximately 62 percent of TECO Transport’s revenues were from third-party customers and approximately 38 percent were from Tampa Electric. The pricing for services performed by TECO Transport’s operating companies for Tampa Electric is based on a market-based fixed-price per ton, generally adjusted quarterly for changes in certain fuel and price indices. Most of the third-party utilization of the ocean-going barges is for domestic and international movements of other dry-bulk commodities and domestic phosphate movements. Both the terminal and river transport operations handle a variety of dry-bulk commodities for third party customers.

A substantial portion of TECO Transport’s business is dependent upon Tampa Electric, phosphate customers, steel industry customers, grain customers, coal and petroleum coke customers, and participation in the U.S. Government’s cargo preference programs.

Ocean Shipping transports products in the Gulf of Mexico and worldwide, and TECO Barge operates on the Mississippi, Ohio and Illinois rivers and their tributaries. Their primary competitors are other barge and shipping lines and railroads, as well as a number of other companies offering transportation services on the waterways used by TECO Transport’s subsidiaries. Ocean Shipping is the largest US flag coastwise dry bulk operator based on capacity, while TECO Barge is in the top ten, based on number of barges, of companies in its business. To date, physical and technological improvements have allowed ship and barge operators to maintain competitive rate structures with alternate methods of transporting bulk commodities when the origin and destination of such shipments are contiguous to navigable waterways.

TECO COAL

TECO Coal owns no operating assets but holds all of the common stock of Gatliff Coal Company, Rich Mountain Coal Company, Clintwood Elkhorn Mining Company, Pike-Letcher Land Company, Premier Elkhorn Coal Company, Bear Branch Coal Company, Perry County Coal Corporation, and TECO Synfuel Operations, LLC. The TECO Coal subsidiaries own or control mineral rights, and own or operate surface and underground mines, synthetic fuel production facilities and coal processing and loading facilities in eastern Kentucky, Virginia and Tennessee.

TECO SOLUTIONS

TECO Solutions was formed during the early stages of Florida’s proposed electric industry restructuring, as a vehicle through which to support TECO Energy’s strategy of offering customers (primarily in Florida) a comprehensive and competitive package of energy services and products, including energy-efficient engineering and construction and gas management services. The subsequent rollback of the proposed deregulation and TECO Energy’s refocus on the core utility operations has caused the company to reexamine its participation in these lines of business. The result was the sale of several of the entities that previously were part of TECO Solutions. Operating companies under TECO Solutions include TECO BCH Mechanical, TECO Gas Services Inc., TECO Propane Ventures LLC (TPV) and TECO Partners, Inc.

TECO COALBED METHANE

TECO Coalbed Methane, Inc. had developed jointly with another entity the natural gas production from coal seams in Alabama’s Black Warrior Basin. In September 2002, TECO Energy initiated activities to sell the TECO Coalbed Methane gas assets. That sale was substantially completed in December 2002 to the Municipal Gas Authority of Georgia.

   

Tax Rate Companies within the Industry


Segments

 
Tampa Electric
   80.72 % of total Revenue
Peoples Gas
   12.98 % of total Revenue
Other
   6.3 % of total Revenue
 

Business Segments (Sep. 30, 2015)
Revenues
(in millions $)
III. Quarter
%
(of total Revenues)
(Sep. 30, 2015)
Income
(in millions $)
III. Quarter
%
(Profit Margin)
Tampa Electric
560.20 80.72 % 164.20 29.31 %
Peoples Gas
90.10 12.98 % 12.40 13.76 %
Other
43.70 6.3 % -5.60 -
Total
694.00 100 % 171.00 24.64 %

• Income Statement • supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (Sep. 30, 2015)
Y/Y Revenue
%
III. Quarter
Q/Q Revenue
%
(Sep. 30, 2015)
Y/Y Income
%
III. Quarter
Q/Q Income
%
Tampa Electric
-3.71 % 5.22 % 106.02 % 21.27 %
Peoples Gas
3.68 % -3.64 % 158.33 % -18.42 %
Other
- -19.07 % - -
Total
1.33 % 2.07 % 104.55 % 13.7 %

• Growth Comparisons Profile • Market Share

To get more information on 's Tampa Electric, Peoples Gas, Other, Total segment. Select each division with the arrow.


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