Investor Presentaiton

TECO ENERGY- COMPANY PROFILE Utility service area Tampa Electric TECO ENERGY Peoples Gas Regulated electric utility Regulated gas utility . Serves >700,000 Largest gas utility in Florida . customers in West Central Florida Owns and operates four power plants • Serves >350,000 customers in all located in Florida major metropolitan areas of the state Expected rate base • 2014 annual gas growth of 7% through 2017 throughput of ~1.5bn therms • Total generation fleet capacity is ~4.7GW Expanding generation into renewables . ~12,000 pipeline miles . New Mexico Gas Regulated gas utility Largest gas utility in New Mexico Serves >510,000 customers • Expected rate base New Mexico growth of ~4% ~12,000 pipeline miles Florida Power plants Transmission lines Business mix¹ Gas territory Electric territory New Mexico Gas 8% New Mexico Gas New Mexico Gas 33% 9% Peoples Gas Peoples Gas 12% 12% Tampa Electric 80% Peoples Gas 22% Tampa Electric 45% • Transfer of TECO Coal to purchaser completed on Monday September 21st, 2015. · Any exposure under existing outstanding bonds expected to be eliminated prior to Acquisition close. Total net income² USD$226mm 1 LTM net income and average customer count and as of June 30, 2015. Tampa Electric and Peoples Gas average rate base based on 10 earnings surveillance reports filed with FPSC in December 2014. NMGC rate base as of September 30, 2014 as disclosed by TECO; 2 Includes other income and corporate eliminations (not shown in pie graph).³Numbers do not add to 100% due to rounding Tampa Electric 80% Total customers ~1,560,000 Total rate base³ USD$6,078mm Emera

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