TECO Power Services Breaks Ground on 599-Megawatt Mississippi Power Station

Apr 24, 2001, 01:00 ET from TECO Energy

    MCADAMS, Miss., April 24 /PRNewswire Interactive News Release/ -- TECO
 Energy's (NYSE:   TE) TECO Power Services subsidiary broke ground today on a
 599-megawatt independent power project in McAdams, Mississippi.  Mississippi
 Governor Ronnie Musgrove served as the keynote speaker for the groundbreaking
 ceremony, which was attended by local elected and appointed officials.
     The project, known as McAdams Power Station, is being constructed by NEPCO
 under a turnkey EPC contract.  Like its sister station, Dell Power Station in
 Dell, Arkansas, the McAdams facility will be a natural-gas-fired, combined-
 cycle plant utilizing GE 7F technology.
     Both the McAdams and Dell projects are designed to interconnect with the
 Entergy transmission system and sell electricity to wholesale customers in the
 Southeast and Midwest, including the states of Arkansas, Louisiana,
 Mississippi, Alabama, Georgia, Tennessee and Kentucky.
     Each plant is expected to begin commercial operation during the second
 half of 2002.
     TPS Senior Vice President of Marketing and Development Mike Schuyler said,
 "The McAdams and Dell projects are a strategic part of our growing generation
 portfolio.  They are located in a region of the country enjoying strong
 growth, and we look forward to providing highly efficient, natural-gas-fired
 generation to serve that region's wholesale electricity market."
     TECO Power Services is a wholly owned subsidiary of TECO Energy
 (NYSE:   TE), a diversified, energy-related holding company headquartered in
 Tampa.  Other TECO Energy businesses include Tampa Electric, Peoples Gas
 System, TECO Transport, TECO Coal, TECO Coalbed Methane, TECO Propane Ventures
 and TECO Solutions.  TPS builds, owns and operates electric generation
 facilities with a primary emphasis on high-growth areas of North America.
 Domestically, recently announced projects call for TPS to serve customers in
 18 states, spanning the southern half of the United States.  TECO Energy as a
 whole has ownership interests in nearly 11,000 megawatts, operating, under
 construction or in advanced stages of development worldwide.
     For more information, visit online:  www.tecopowerservices.com or
 www.tecoenergy.com.
     NOTE:  This press release contains forward-looking statements, which are
 subject to the inherent uncertainties in predicting future results and
 conditions.  Certain factors that could cause actual results to differ
 materially from those projected in these forward-looking statements include
 the company's ability to successfully complete the McAdams and Dell projects
 on schedule and within budget.  Additional factors are discussed under
 "Investment Considerations" in TECO Energy's Annual Report on Form 10-K for
 the year ended December 31, 2000, and reference is made thereto.
 
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SOURCE TECO Energy
    MCADAMS, Miss., April 24 /PRNewswire Interactive News Release/ -- TECO
 Energy's (NYSE:   TE) TECO Power Services subsidiary broke ground today on a
 599-megawatt independent power project in McAdams, Mississippi.  Mississippi
 Governor Ronnie Musgrove served as the keynote speaker for the groundbreaking
 ceremony, which was attended by local elected and appointed officials.
     The project, known as McAdams Power Station, is being constructed by NEPCO
 under a turnkey EPC contract.  Like its sister station, Dell Power Station in
 Dell, Arkansas, the McAdams facility will be a natural-gas-fired, combined-
 cycle plant utilizing GE 7F technology.
     Both the McAdams and Dell projects are designed to interconnect with the
 Entergy transmission system and sell electricity to wholesale customers in the
 Southeast and Midwest, including the states of Arkansas, Louisiana,
 Mississippi, Alabama, Georgia, Tennessee and Kentucky.
     Each plant is expected to begin commercial operation during the second
 half of 2002.
     TPS Senior Vice President of Marketing and Development Mike Schuyler said,
 "The McAdams and Dell projects are a strategic part of our growing generation
 portfolio.  They are located in a region of the country enjoying strong
 growth, and we look forward to providing highly efficient, natural-gas-fired
 generation to serve that region's wholesale electricity market."
     TECO Power Services is a wholly owned subsidiary of TECO Energy
 (NYSE:   TE), a diversified, energy-related holding company headquartered in
 Tampa.  Other TECO Energy businesses include Tampa Electric, Peoples Gas
 System, TECO Transport, TECO Coal, TECO Coalbed Methane, TECO Propane Ventures
 and TECO Solutions.  TPS builds, owns and operates electric generation
 facilities with a primary emphasis on high-growth areas of North America.
 Domestically, recently announced projects call for TPS to serve customers in
 18 states, spanning the southern half of the United States.  TECO Energy as a
 whole has ownership interests in nearly 11,000 megawatts, operating, under
 construction or in advanced stages of development worldwide.
     For more information, visit online:  www.tecopowerservices.com or
 www.tecoenergy.com.
     NOTE:  This press release contains forward-looking statements, which are
 subject to the inherent uncertainties in predicting future results and
 conditions.  Certain factors that could cause actual results to differ
 materially from those projected in these forward-looking statements include
 the company's ability to successfully complete the McAdams and Dell projects
 on schedule and within budget.  Additional factors are discussed under
 "Investment Considerations" in TECO Energy's Annual Report on Form 10-K for
 the year ended December 31, 2000, and reference is made thereto.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66548346
 
 SOURCE  TECO Energy