Table of Contents
Table of Contents 2
List of Tables 5
Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
Tampa Electric Co, Operational Metrics, By Capacity 7
Tampa Electric Co, Operational Metrics, By Transmission 7
Tampa Electric Co, Operational Metrics, By Distribution 7
Tampa Electric Co, Operational Metrics, By Customers 7
Tampa Electric Co, Operational Metrics, By Segmental Information 7
Tampa Electric Co, Operational Metrics, By Sales 8
Tampa Electric Co, Solar PV Parks 9
Tampa Electric Co, Solar PV Parks, United States 9
Tampa Electric Co, Biopower Plants 10
Tampa Electric Co, Biopower Plants, United States 10
Tampa Electric Co, Thermal Power Plants 11
Tampa Electric Co, Thermal Power Plants, United States 11
Business Description 12
Business Overview 12
Major Products and Services 13
History 14
SWOT Analysis 16
Overview 16
Tampa Electric Co Strengths 16
Diverse Generation Portfolio 16
Business Model: Vertically-Integrated 16
Tampa Electric Co Weaknesses 16
Market Follower 16
Tampa Electric Co Opportunities 17
Prospects for Growth in Demand for Electricity: the US 17
Strategic Investments 17
Tampa Electric Co Threats 17
Competition 17
Volatility in Electricity Prices 17
Clean Power Plan by EPA: the US 17
Key Employees 18
Key Employee Biographies 19
Locations And Subsidiaries 20
Head Office 20
Financial Deals Landscape 21
Tampa Electric Co, Deals Summary 21
Tampa Electric Co, Power, Deal Details 22
Asset Transactions 22
Tampa Electric to Invest USD6 Million in Tampa International Airport Solar Power Plant in Florida, US 22
Debt Offering 23
Tampa Electric Raises USD350 Million in Public Offering of 4.3% Notes Due 2048 23
Tampa Electric Raises USD250 Million in Public Offering of 4.2% Notes Due 2045 25
Tampa Electric Completes Public Offering Of 4.35% Notes Due 2044 For US$300 Million 27
Tampa Electric Completes Public Offering Of 2.6% Notes Due 2022 For US$250 Million 29
Tampa Electric Completes Public Offering Of 4.1% Notes Due 2042 For US$300 Million 30
Recent Developments 31
Tampa Electric Co – Recent Developments 31
Jan 29, 2013: Tampa Electric To Deploy Trilliant’s SecureMesh WAN 31
May 17, 2012: Westinghouse And Ameren Missouri Form NexStart SMR Alliance To License And Deploy Westinghouse Small Modular Reactor Technology 31
Sep 09, 2010: Tampa Electric To Capture And Sequester CO2 At Polk Power Station 32
Jul 26, 2010: Tampa Electric To Participate In Two DOE Funded Projects Designed To Advance CO2 Capture Technologies 32
Jun 15, 2010: Tampa Electric Launches ‘Smart’ Solar Pilot Project Featuring Petra Solar’s Sunwave 33
Mar 03, 2010: Tampa Electric To Construct 230,000V Power Transmission Line 33
Dec 01, 2009: PSC Approves Utility Conservation Goals In Florida 33
Sep 10, 2009: Tampa Electric Completes New Gas-fired Peaking Units 34
Apr 20, 2009: Tampa Electric, USF And Tampa’s Lowry Park Zoo To Launch New Renewable Energy Project 34
Aug 04, 2008: Tampa, USF Partner With Tampa’s Lowry Park Zoo To Develop New Solar Energy Project 35
Sep 11, 2018: Tampa Electric sending crews to the Carolinas to help restore power 36
Aug 24, 2018: Tampa Electric proposes additional reduction to energy bills for 2019 36
Aug 20, 2018: Florida PSC Reduces TECO Customer Bills 36
May 24, 2018: Tampa Electric To Modernize One Big Bend Unit To Operate On Natural Gas, Retire One Unit 37
Mar 13, 2018: Tampa Electric sending crews to Canada to help restore power 37
Mar 01, 2018: Tampa Electric customers won’t see bills rise to cover storm costs 38
Feb 07, 2018: Tampa Electric to upgrade all street lights with energy-efficient LEDs 38
Feb 06, 2018: PSC approves TECO outdoor lighting conversion as energy efficiency program 38
Jan 30, 2018: Tampa Electric bills won’t rise to cover hurricane restoration costs 39
Dec 27, 2017: Tampa Electric sending crews to Puerto Rico to help restore power 39
Dec 20, 2017: Innovative reclaimed water project is “essentially complete” at Polk Plant 40
Nov 06, 2017: Regulators pave the way for Tampa Electric to significantly expand solar power 40
Sep 18, 2017: Toronto Hydro crews finish work in Florida, now heading to Long Island 41
Aug 25, 2017: Tampa likely to increase residential customers’ monthly bill by 1% 41
Aug 17, 2017: Tampa Electric restarts Big Bend Unit 2 41
Jun 13, 2017: PSC Reports Increased Renewable Use by Consumers 42
Jun 13, 2017: Florida Utilities Consider Joint Plant Operations to Save Electricity Costs 42
Mar 29, 2017: Burns & McDonnell commissions 23MW Big Bend Solar Project in Florida 43
Feb 26, 2017: TTI-FSS completes 507kW solar system installation at its Tampa facility in US 43
Feb 15, 2017: Tampa Electric completes bay area’s largest solar project 43
Jan 16, 2017: Tampa Electric completes expansion of Polk Power Station 44
Dec 14, 2016: Tampa Electric completes large-scale solar array at LEGOLAND Florida Resort 44
Nov 16, 2016: Tampa Electric to demolish original striped chimney at Big Bend power plant 45
Nov 02, 2016: Regulators approve reduction of Tampa Electric bills in January 45
Feb 11, 2016: Tampa Electric Opens Its Largest Solar Project at Tampa International Airport 45
Jan 21, 2016: Tampa Electric sending crews to North Carolina to help restore power 46
Dec 03, 2015: PSC Finalizes 2016 Cost Recovery for Florida Electric Utilities 46
Oct 13, 2015: Tampa Electric Goes Live on Allegro Commodity Management 47
Sep 15, 2015: PSC Approves Streamlined Tariff Changes For TECO And Peoples Gas 47
Sep 01, 2015: Tampa Electric customer bills to drop in January to reflect reduced fuel costs 48
Jul 21, 2015: Florida PSC Approves Utilities’ Demand Side Management Plans 48
Apr 09, 2015: Innovative reclaimed water project is now operating at Polk Power Station 49
Mar 02, 2015: Lake Alfred residents’ electric bills to rise due to city’s increased franchise fee 49
Oct 20, 2014: PSC Cost Recovery Hearing Set for Wednesday 50
Apr 09, 2014: DOE Marks Major Milestone with Startup of Recovery Act Demonstration Project 50
Dec 16, 2013: Florida’s Tampa Electric Selects ESG for Energy Efficiency Software Platform 50
Nov 20, 2013: Tampa Electric receives approval to expand Polk power plant in US 50
Nov 04, 2013: PSC Decides 2014 Cost Recovery for Florida Electric Utilities 51
Sep 11, 2013: PSC Approves Settlement Agreement for TECO 51
Sep 06, 2013: Tampa Electric, Other Parties Compromise on Customer Rates 52
Jun 25, 2013: Florida PSC Approves Contracts To Encourage Renewable Energy Production 53
May 24, 2013: Florida PSC To Conduct Customer Service Hearings For Tampa Electric’s Base Rate Request 53
Apr 05, 2013: Tampa Electric Files Formal Request With Florida PSC For Rate Increase 53
Dec 12, 2012: Tampa Electric Receives Approval From Florida PSC For Polk Power Plant Conversion 54
Nov 05, 2012: Florida’s PSC Sets Fuel Cost Recovery Charges For Three Utilities 54
Nov 01, 2012: Florida PSC To Hold Fuel Cost Recovery Hearing For Five Power Utilities 54
Aug 22, 2012: Tampa Electric Plans To Expand Polk Power Station In Florida 55
Mar 16, 2012: Tampa Electric Seeks Additional Power Sources For 2017 55
Mar 13, 2012: Florida PSC Approves Electric Utilities’s Long-Term Energy Emergency Plans 55
Nov 02, 2011: Florida PSC Sets 2012 Cost Recovery Amounts For Investor-owned Electric Utilities 56
Oct 28, 2011: Florida PSC To Hold Hearings For 2012 Fuel And Purchased Power Recovery Charges 56
Sep 01, 2011: Tampa Electric Files Projected Costs For Fuel And Other Clauses With Florida PSC 56
May 02, 2011: Tampa Electric Offers New Energy-Efficiency Programs And Increased Rebates On Existing Programs 57
Apr 21, 2011: Customers Claim $1m In Tampa Electric Rebates To Install Photovoltaic Systems 59
Apr 15, 2011: Tampa Electric To Pay Rebates For New Solar Installations 60
Jan 11, 2011: Florida PSC Orders FPL To Revise Conservation Plan 60
Dec 01, 2010: Tampa Electric Receives FPSC Approval To Expand Energy-Efficiency Programs And Incentives 61
Nov 30, 2010: Florida PSC Approves Tampa Electric’s Conservation Plan 62
Aug 17, 2010: Florida PSC Approves Tampa Electric’s Refund Settlement Agreement 62
Jun 15, 2010: Tampa Electric Launches Smart Solar Pilot Project Featuring Petra Solar’s Sunwave Systems On Poles 63
Jun 02, 2010: Tampa Electric Completes 10-Year, $1.2 Billion Environmental Investment And Emissions Reduction Program 63
Jun 01, 2010: PSC Approves Dismissal Of Tampa Electric’s Petition 64
Mar 31, 2010: Tampa Electric Files For Approval From FPSC To Expand Energy-Efficiency Programs And Incentives 64
Jun 05, 2009: Tampa Electric Files Request With FPSC To Increase Its Energy-Efficiency Efforts By 70% Over Next 10 Years 66
Apr 27, 2009: Tampa Electric completes construction of two gas-fired peaking units 66
Apr 27, 2009: Tampa Electric Announces Completion Of Construction Of Two 60 MW Gas-Fired Peaking Units In Florida 66
Sep 28, 2017: Tampa Electric expands solar power usage 67
Jan 13, 2015: SheerWind to Install 200 KW Wind Power Pilot Project for Tampa Electric 68
Oct 28, 2014: Tampa Electric Co. Chooses Intelligent Notification From MIR3 as Tool for Emergency Communications 68
Jul 31, 2014: Robins & Morton awarded construction contract for Tampa Electric’s Polk Power Station expansion project 69
Apr 15, 2013: Alstom To Supply New Steam Turbine Generator For Tampa Electric’s Polk Power Station 69
Oct 25, 2011: Comverge Announces Its Selection By Tampa Electric For Automated Residential Price Response Program 69
Feb 28, 2011: EnerNOC Extends Demand Response Contract With Tampa Electric Through 2016 70
Jul 06, 2010: Shaw Wins Contract For Development Of Warm Syngas Cleaning Technology 70
Dec 15, 2009: Tampa Electric Receives Approval For Its Contract To Purchase Solar Power Supplied By Energy 5.0 71
Mar 09, 2009: Tampa Electric To Buy Solar Power From Energy 5.0 71
May 08, 2008: TEi Construction Services Completes Construction For Tampa Electric’s Big Bend Upgrade 71
Feb 12, 2008: PWR Signs Agreement With Tampa For Five 60 MW FT8 SWIFTPAC Units 72
Appendix 73
Report Scope 73
GlobalData Coverage 73
Benchmarking 73
GlobalData’s Methodology 73
Secondary Research 73
Primary Research 74
Contact Us 74
Disclaimer 74
Tampa Electric Co, Key Facts 6
Tampa Electric Co, Operational Metrics, Capacity 7
Tampa Electric Co, Operational Metrics, Transmission 7
Tampa Electric Co, Operational Metrics, Distribution 7
Tampa Electric Co, Operational Metrics, Customers 7
Tampa Electric Co, Operational Metrics, Segmental Information 7
Tampa Electric Co, Operational Metrics, Sales 8
Tampa Electric Co, Solar PV Parks, United States 9
Tampa Electric Co, Biopower Plants, United States 10
Tampa Electric Co, Thermal Power Plants, United States 11
Major Products and Services 13
Tampa Electric Co, SWOT Analysis 16
Tampa Electric Co, Key Employees 18
Tampa Electric Co, Deals Summary 21
Tampa Electric to Invest USD6 Million in Tampa International Airport Solar Power Plant in Florida, US 22
Tampa Electric Raises USD350 Million in Public Offering of 4.3% Notes Due 2048 23
Tampa Electric Raises USD250 Million in Public Offering of 4.2% Notes Due 2045 25
Tampa Electric Completes Public Offering Of 4.35% Notes Due 2044 For US$300 Million 27
Tampa Electric Completes Public Offering Of 2.6% Notes Due 2022 For US$250 Million 29
Tampa Electric Completes Public Offering Of 4.1% Notes Due 2042 For US$300 Million 30
