Tampa Electric

What Tampa Electric does

Tampa Electric Company is a regulated, vertically integrated investor-owned electric utility founded in 1899 and headquartered in Tampa, Florida, serving approximately 830,000+ residential, commercial, and industrial customers across approximately 2,000 square miles in West Central Florida, including Hillsborough County and portions of Polk, Pasco, Pinellas, and Manatee counties. The company is a wholly-owned subsidiary of Emera Inc. (TSX: EMA), a Canadian publicly traded energy holding company for which Florida operations account for roughly 72% of total earnings. Tampa Electric is regulated by the Florida Public Service Commission, which approves rate cases, storm protection cost recovery, and storm surcharge mechanisms.

The company's core products are electricity generation, transmission, and distribution across four major power stations — Bayside (over 2,100 MW natural gas combined-cycle), Big Bend (over 1,600 MW total, with Unit 1 modernized in 2023 to combined-cycle), Polk (over 1,400 MW with 2024 unit upgrades), and MacDill (online 2025, joint capability with MacDill Air Force Base) — supplemented by 29 utility-scale solar plants delivering 1,252 MW of capacity, a floating solar pilot, and agrivoltaics research. Distribution infrastructure includes 810,000+ advanced smart meters, self-healing grid automation, and recloser devices that automatically isolate and route around outages. Adjacent offerings include Sun Select and Sun to Go community solar programs, the Bright Choices outdoor lighting product line, Zap Cap surge protection, Metro-Link fiber services, Medical Watch, and an EV charging program with fleet electrification support. Demand-side management and energy efficiency programs encompass Prime Time Plus (demand response with bill credits), Energy Planner (time-of-day pricing with free programmable thermostat), Budget Billing, Neighborhood Weatherization, and rebates for ductwork, ceiling insulation, heating/cooling equipment, and Energy Star smart thermostats.

The business model is a regulated rate-of-return utility framework: revenue is generated through base rates, fuel charges, capacity charges, environmental/conservation charges, the Storm Protection Plan Charge, a temporary storm surcharge ($0.01995/kWh, March 2025 through August 2026) recovering $464 million from the 2024 hurricane season (Hurricanes Debby, Helene, Milton), and the Clean Energy Transition Mechanism Charge. Pricing for a 1,000-kWh residential bill is targeted at approximately $176.89 effective January 2026, including a $13.50 basic service charge, $89.48 base rates, $32.10 fuel, $7.17 storm protection, $19.95 storm surcharge, $4.06 clean energy transition, $2.64 capacity, $0.87 environmental, $2.70 conservation, and $4.42 gross receipts tax. Distribution is direct via company-owned infrastructure across the exclusive franchise territory with no third-party resellers; customers access service through the TampaElectric.com portal, account.tecoenergy.com, phone support at (888) 223-0800, and in-person payment locations. An Opt-Out fee ($100 one-time plus $0.67/day) applies for customers who decline transmitting smart meters, except Energy Planner and net-metering customers who cannot opt out.

Name

Tampa Electric

Legal name

Tampa Electric Company

Website

https://tampaelectric.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tampa Electric is a regulated investor-owned electric utility serving 830,000+ residential, commercial, and industrial customers across West Central Florida through four power stations, 29 solar plants, smart grid infrastructure, and demand-side management programs, operating as a wholly-owned subsidiary of Emera Inc.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

akta.pro secondary industries

Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE), Green Power Retailing & Bundled Supply (Energy + Certificates) (EUAGAFAE)

Keywords

• Electric utility services
• Power generation
• Energy distribution
• Solar energy programs
• Grid modernization

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Others

Pricing tiers

Distribution channels6 records

Marketing channels10 records

Core offering

Tampa Electric is a regulated investor-owned electric utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers across West Central Florida. Its core offering is retail electric service supported by a diversified generation portfolio (natural gas, solar, and other resources) and a modernized distribution grid. Beyond core electric service, the company offers community solar subscriptions, demand response, energy efficiency and weatherization programs, smart-meter-enabled billing options, business fiber-optic connectivity, outdoor lighting services, and ancillary services such as air emissions monitoring and laboratory testing.

Product overview

Tampa Electric is an investor-owned utility company and subsidiary of Emera Inc., providing electric service to approximately 2,000 square miles in West Central Florida. The company's product portfolio centers on its core electricity distribution service for residential and commercial customers, supplemented by power generation from four major stations (Big Bend, Bayside, Polk, and MacDill). The product ecosystem includes solar solutions via 29 large-scale plants and the Sun Select community solar program; nearly 30 energy efficiency programs including Prime Time Plus (demand response), Energy Planner (time-of-day pricing), and Budget Billing; smart meter infrastructure with Interactive Bill tools; surge protection (Zap Cap Systems), EV charging programs; outdoor lighting (Bright Choices); Metro-Link fiber services; and specialty services like Medical Watch and Neighborhood Weatherization. The offerings function as an integrated utility platform where generation, distribution, demand management, and customer-facing digital tools (smart meters, interactive billing, online account management) work together to deliver reliable electricity with various cost-management options.

Differentiator

Problem solved

Functional benefit

Brands

• Sun for All: Large-scale solar program enabling customers to subscribe to solar energy from Tampa Electric's solar plants, powering equivalent of over 215,000 homes.
• Sun Select
• Sun to Go
• Prime Time Plus
• Energy Planner
• Budget Billing
• Bright Choices
• Zap Cap Systems
• Share

Products and services

• Residential Electric Service Regulated retail electric generation, transmission, and distribution service delivered to households within Tampa Electric's franchise service territory in West Central Florida. Includes monthly billing, customer service, storm-restoration response, and optional add-on programs such as Budget Billing, Medical Watch, Neighborhood Weatherization, energy-saving programs, and Sun Select community solar.
• Commercial Electric Service Regulated retail electric service for commercial, industrial, and institutional customers in Tampa Electric's service territory, including larger-volume customers with options such as Time-of-Day/Energy Planner pricing, EDI billing, Summary Billing, and outdoor lighting.
• Sun Select Community Solar Subscription Subscription program that allows Tampa Electric customers to support the utility's community solar portfolio and receive credits on their monthly electric bill without installing rooftop solar. Available to customers within the service territory who want to participate in renewable energy generation.
• Prime Time Plus (Residential Demand Response) Residential demand response program in which enrolled customers allow Tampa Electric to briefly cycle participating equipment (such as central air conditioning) during periods of peak demand, in exchange for bill credits or incentives. Helps the utility manage system peaks and defer additional generation investment.
• Budget Billing Optional residential billing program that averages a customer's annual electric usage into predictable monthly payments, helping households manage cash flow and reduce seasonal bill spikes.
• Medical Watch Program Special needs program for residential customers who rely on electrically powered medical equipment, providing priority storm response and proactive communication during outages and planned work.
• Zap Cap Systems Surge protection device and service offered to residential and small commercial customers to help protect household electronics and appliances from electrical surges.
• Energy Planner (Time-of-Day Pricing) Optional time-of-day rate and usage-management tool for commercial and industrial customers that enables them to shift energy usage to lower-cost periods and better manage demand charges.
• Bright Choices Outdoor Lighting Outdoor area lighting service that designs, installs, and maintains lighting fixtures for commercial properties, homeowners associations, municipalities, and other customers within the service territory, billed as a line item on the customer's electric bill.
• Neighborhood Weatherization Energy efficiency and home weatherization program that helps residential customers reduce energy use through measures such as insulation, air sealing, and efficiency improvements, often delivered in partnership with community organizations.
• Metro-Link Fiber Services High-capacity fiber-optic network services provided by Tampa Electric to business customers in its service territory, supporting dedicated connectivity, high-bandwidth communications, and enterprise network needs.
• Air Services (Emissions Monitoring) Air emissions monitoring and related environmental services leveraging Tampa Electric's environmental expertise and equipment to support industrial and utility customers with regulatory and operational monitoring needs.
• Laboratory Services Analytical laboratory testing services provided to external customers, drawing on Tampa Electric's in-house environmental and materials laboratory capabilities.

Quantifiable outcome

• 99.98% service reliability achieved through grid modernization and storm hardening investments
• +22 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Florida Power & Light Company: FPL is the largest investor-owned utility in Florida and Tampa Electric's most direct peer, serving a comparable Florida customer base with a vertically integrated generation, transmission, and distribution model and a major solar build-out. Both operate under Florida Public Service Commission regulation with similar residential rate structures and storm exposure.
• Duke Energy Florida: Duke Energy Florida is another investor-owned electric utility regulated by the Florida Public Service Commission, serving central Florida and the Gulf Coast with a vertically integrated generation-to-distribution model, making it a direct peer in regulation, customer mix, and resource planning.
• Georgia Power Company: Georgia Power is a vertically integrated, investor-owned utility serving the southeastern U.S. with comparable coal-to-gas and solar transition dynamics, similar storm exposure, and a comparable regulated rate-base growth strategy.

Regional players

• Orlando Utilities Commission (OUC): OUC is a municipally owned utility serving the Orlando metro and adjacent central Florida region with vertically integrated generation and distribution; it is comparable to Tampa Electric in geography and customer mix (Florida residential and commercial) but is community-owned and not subject to the same FPSC rate-case framework.
• JEA (Jacksonville Electric Authority): JEA is a community-owned utility serving Jacksonville and northeast Florida with vertically integrated generation and distribution, providing a comparable Florida utility model in terms of scale, customer profile, and hurricane exposure.

Broad incumbents

• NextEra Energy: NextEra Energy is the parent of Florida Power & Light and the largest renewable energy generator in North America; it competes with Tampa Electric in the Florida service territory through FPL and overlaps in solar, transmission, and grid-modernization strategy at a much larger scale.
• Duke Energy Corporation: Duke Energy is one of the largest U.S. investor-owned utilities with regulated electric operations across the Carolinas, Florida, the Midwest, and natural gas businesses; it overlaps with Tampa Electric's Florida electric utility footprint via Duke Energy Florida and shares grid-modernization, coal-transition, and rate-base-growth themes.
• Southern Company: Southern Company is a diversified investor-owned utility holding company with major operating subsidiaries (Georgia Power, Alabama Power, Mississippi Power); its vertically integrated operating model and southeastern U.S. footprint overlap with Tampa Electric in terms of regulatory structure, storm risk, and resource transition.
• Dominion Energy: Dominion Energy is a large, regulated U.S. utility with extensive electric transmission and distribution, including a regulated electric franchise in the Carolinas and parts of the Southeast; it competes more broadly in regulated utility capital deployment and grid-modernization strategy.
• Entergy Corporation: Entergy operates regulated electric utilities across the Gulf Coast (Louisiana, Mississippi, Texas, Arkansas), sharing Tampa Electric's Gulf-coast hurricane exposure, vertically integrated regulated business model, and ongoing coal-to-gas-and-renewables transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tampaelectric
• Facebookfacebook.com/tampaelectric
• LinkedInlinkedin.com/company/tampa-electric

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tampa Electric