Understanding TECO Energy's Operations, Acquisitions And Possible Divestitures
- Consecutive revenue and income declines have allowed Tampa Electric to negotiate a revenue increase with its regulator.
- A consistent decline in coal prices per ton is expected to cause losses at TECO Coal. Management has unsuccessfully attempted to sell this segment.
- While TE’s purchase of New Mexico Gas Company for $900 million will yield synergies; NMGC’s 1% annual growth is not very exciting.