Tampa Electric Company · Tampa, FL United States
Company Description
Phone: 813-228-4111
Fax: 813-228-1670
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This link will open in a new window Tampa Electric Company (TECO) is ready to illuminate the sunshine state when the sun is not shining so bright. The company transmits and distributes electricity in a 2,000-square mile service territory in West Central Florida (including Tampa). Its Tampa Electric division provides electric service to more than 667,000 customers and has a generating capacity of about 4,400 MW. The TECO Energy subsidiary also operates fossil-fueled power plants and distributes natural gas to more than 335,000 customers through its Peoples Gas unit. Other services include residential surge protection and the trimming of trees interfering with power lines. To read the full description, subscribe now.
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Key Tampa Electric Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $2,779.1 |
| 2007 Employees | 4,300 |
Tampa Electric Company Executives
8 executives listed for Tampa Electric Company's Tampa, FL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Sherrill Hudson | Network |
| President; President, Peoples Gas | Gordon Gillette | Network |
| VP Finance and Accounting, CFO, Treasurer, and Chief Accounting Officer | Sandra Callahan | Network |
Competition
Competitive Landscape for Tampa Electric Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Tampa Electric Company Competitors
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