TECO Energy Reports Third-Quarter Results

2012-11-1 · TECO Coal In 2012, third quarter results reflect an average net per-ton selling price, excluding transportation allowances, of more than $96 per ton, more than 7% higher than in 2011.

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Laura L. Van Enkevort, Naida Ramil, Sidney Candies

2021-6-12 · As part of the sale, U.S. United Ocean Services received a long-term contract to transport coal to the TECO power plants. In 2013, U.S. United Ocean Services was bought out by the International Shipholding Corporation (the owners of Waterman Shipping and Central Gulf Lines among other shipping entities).

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2017-10-10 · Exhibit 2.1 . AMENDMENT #2 TO securities PURCHASE AGREEMENT. THIS AMENDMENT #2 (this "Amendment #2") to the Securities Purchase Agreement (the "Agreement"), dated as of October 17, 2014, (as amended by that certain Amendment dated as of December 24, 2014) by and among TECO Diversified, Inc., a Florida corporation ("Seller"), and Cambrian Coal Corporation, a Kentucky corporation ...

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TECO Energy sells coal, gas-fired power plants in ...

2012-9-28 · TECO Guatemala on Sept. 28 has entered into separate agreements to sell all of the equity interests in the 78 MW simple-cycle, gas-fired Alborada power plant and the 120 MW, coal-fired San José ...

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TECO Energy Announces Agreement to Acquire New Mexico …

2013-5-28 · TECO Energy will host a webcast with the investment community to discuss the acquisition at 9:00 am Eastern time, Tuesday, May 28, 2013. The webcast will be accessible through the link on TECO ...

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TECO Energy Announces Agreement to Sell Its TECO Coal ...

2014-10-20 · TECO Energy Inc. (NYSE:TE) today announced that it has signed an agreement to sell its coal mining subsidiary, TECO Coal and its subsidiaries, to Camb

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Booth Energy to Buy TECO Coal | Coal Age

2014-10-20 · Also, as a result of the agreement, TECO Coal will be classified in the third quarter as an asset held for sale and its operating results will be reported as discontinued operations. TECO Energy will record a non-cash valuation adjustment of approximately $65 million, after tax, to the carrying value of TECO Coal to reflect the sales price.

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TECO Energy announces agreement to sell its TECO Coal ...

2014-10-20 · News Release TECO Energy announces agreement to sell its TECO Coal subsidiary. TAMPA, October 20, 2014. TECO Energy Inc. (NYSE:TE) today announced that it has signed an agreement to sell its coal mining subsidiary, TECO Coal and its subsidiaries, to Cambrian Coal …

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TECO Energy Management Discusses Q2 2013 Results ...

2013-8-2 · TECO Coal expects 2013 sales to be in the range between 5.2 million and 5.7 million tons and about 95% of the expected volume is contracted. All of the 2.7 million tons of steam coal included in ...

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Teco Energy Shares Look Fairly Valued | Barron''s

2011-6-8 · Teco coal could contribute 28% of the company''s EPS up from 19% in 2010. Our EPS estimates for 2011-2013 are $1.36, $1.57 and $1.58, respectively. On a valuation basis using a sum-of-the-parts ...

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TECO to sell TECO Coal unit to coal operator Jim Booth ...

2014-10-20 · TECO Energy (NYSE: TE) has signed an agreement to sell its coal mining subsidiary, TECO Coal and its subsidiaries, to Cambrian Coal Corp., a member of the privately-held Booth Energy Group.. The total sales price of $170m for the coal subsidiary, which operates mostly in eastern Kentucky, includes future contingent consideration of $50m if certain coal …

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TECO Energy enters into second amendment of agreement …

2015-2-5 · News Release TECO Energy enters into second amendment of agreement to sell TECO Coal. TAMPA, February 5, 2015. TECO Energy Inc. (NYSE:TE) today announced that it has entered into a second amendment of its agreement with Cambrian Coal Corporation, a member of the Booth Energy group, to modify the terms of the Securities Purchase Agreement (SPA) dated as of October 17, 2014, related to the sale ...

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Cheaper coal costly to Teco''s bottom line | Business ...

2015-2-13 · Coal production nationally fell below 1 billion short tons in 2013 for the first time in 20 years, according to the U.S. Energy Information Administration, and the market only worsened in 2014. Because of that, Teco Energy Inc.''s efforts to bail on the coal industry are becoming much more expensive.

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TECO Energy Management Discusses Q4 2013 Results ...

2014-1-31 · TECO Coal expects sales volume at levels similar to 2013 in a range between 5.5 million and 6 million tons, with the specialty coal (met, PCI and stoker) representing almost 70% of those sales.

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TECO Energy reports fourth-quarter results

2014-1-30 · TECO Coal recorded a $1.4 million income tax benefit in the fourth quarter of 2013 that included a $1.3 million tax depletion benefit, and a $1.9 million benefit from the reversal of previously accrued state taxes, compared with a 19% effective income tax rate, or a $2.5 million tax expense, in the 2012 period.

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TECO Energy, Inc. : TECO Energy Announces Agreements to ...

2012-9-28 · Due to the classification of TECO Guatemala as discontinued operations, TECO Energy is revising its earnings-per-share guidance from continuing operations for 2012 to a range... | June 14, 2021

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Emera to Acquire TECO Energy in US$10.4 Billion ...

2015-9-4 · Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $10 billion in assets and 2014 revenues of $2.97 billion. The company ...

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TECO Energy Amends and Extends Agreement to Sell TECO Coal ...

2014-12-24 · TECO Energy Inc. (NYSE:TE) today announced that it has entered into an agreement with Cambrian Coal Corporation to modify the terms of the Securities

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TECO Energy reports first-quarter results

2013-4-30 · TECO Coal now has almost 95% of its expected sales of between 5.2 million and 5.7 million tons contracted for 2013. The product mix is expected to be about 50% specialty coals, which include stoker, metallurgical and PCI coals, and the remainder utility steam coal.

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Emera to acquire TECO Energy in US$10.4 billion ...

Press Release. Emera to acquire TECO Energy in US$10.4 billion transaction The parent of Tampa Electric Co. and Peoples Gas announced it had reached an agreement to sell the Tampa-headquartered ...

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TECO ENERGY REACHES SETTLEMENT IN ACQUISITION …

2020-3-19 · almost 350,000 customers in most of Florida''s major metropolitan areas and beyond. TECO Energy''s other major subsidiary, TECO Coal, owns and operates coal-production facilities in Kentucky, Tennessee and ia. New Mexico Gas Company is a subsidiary of Continental Energy Systems LLC, a utility holding company. It

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TECO Energy Announces Agreements to Sell Remaining ...

2012-9-28 · TECO Energy Announces Agreements to Sell Remaining Investments in International Power Plants. Due to the classification of TECO Guatemala as discontinued operations, TECO Energy is revising its ...

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Tampa Electric will issue a Request for Proposal for power ...

2008-3-27 · Tampa Electric will issue a Request for Proposal for power generation beginning in 2013. TAMPA, March 27, 2008. Tampa Electric today announced that a Request for Proposal (RFP) process outlining the company''s future power needs and identifying Tampa Electric''s proposed projects will begin on April 11 in accordance with Florida Public Service Commission rules.

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TECO Energy (TE) Finds New Buyer for Coal Business ...

2015-6-9 · TECO Energy, Inc. TE, through its subsidiary, has entered into a non-binding letter of intent with a new buyer for selling all of its interest in TECO Coal LLC.Previously, the company had been ...

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Fitch Affirms TECO Energy and Tampa Electric''s Ratings ...

2014-10-9 · Management does not consider TECO Coal to be a core holding and stated in its latest 10Q filing that it was in active discussions with potential buyers regarding a sale of the coal business, but no agreement had been reached to date. ... Under the terms of the 2013 rate settlement, the utility cannot adjust its base rates until at least 2018 ...

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TECO Energy Inc. (TE): New Analyst Report from Zacks ...

2014-1-31 · TECO Energy is currently processing the divesture of TECO Coal. On Oct 20, 2014, the company inked an agreement with Cambrian Coal Corporation, a member of the Booth Energy Group, to sell TECO ...

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Carbon Capture and Sequestration Technologies @ MIT

2021-1-7 · In 2014 TECO declared that comments from Florida utility regulators would mean closing its coal-fired Big Bend Power Station plant instead of converting it to run on natural gas, as well as shutting down the coal-gasification unit in Polk County.

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TECO Extends Deadline for Cambrian Deal | Coal Age

2020-4-6 · Company officials extended the securities purchase agreement (SPA) initially inked October 17 that extends the deadline from December 31 to February 20, 2015. "This agreement best positions us to execute our strategy to exit the coal business in as expeditious a manner as is reasonable, while still receiving fair value for TECO Coal," CEO ...

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