Seeking Alpha
 

TECO Energy, Inc. (TE)

- NYSE
  • May 30, 2013, 9:38 AM
    SunTrust analyst Ali Agha doesn't expect a competing bid against Berkshire's offer for NVE Energy (NVE +22.7%), but he lists small- and mid-cap utilities with a one- or two-state focus that could be viewed as potential takeover targets: CMS Energy (CMS +1.8%), Great Plains Energy (GXP +3%), PNM Resources (PNM +1.9%), Pinnacle West (PNW +2.3%), Teco Energy (TE +0.3%).
    | Comment!
  • May 28, 2013, 8:23 AM
    Teco Energy (TE) agrees to acquire New Mexico Gas Co from utility holding company Continental Energy Systems for $750M in deal that will provide Teco with an additional 509,000 gas customers, giving it a total of 1.5M. Teco will also assume around $200M in New Mexico debt following the deal. (PR)
    | Comment!
Visit Seeking Alpha's
TE vs. ETF Alternatives
Company Description
TECO Energy Inc is an energy-related holding company. The Company, through its subsidiary TEC, is engaged in electric and gas utility operations.
Sector: Utilities
Country: United States