TECO Energy
- Company typePrivate
- Founded1981
- HeadquartersTampa, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
TECO Energy firmographics
Firmographics- Name
- TECO Energy
- Legal name
- TECO Holdings, Inc.
- Website
- https://tecoenergy.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
TECO Energy industry classification
Industry- Product category
- Regulated Electric and Gas Utility Services
- NAICS
- Utilities (22), Electric Power Generation, Transmission and Distribution (2211), Natural Gas Distribution (221210)
- SIC
- Electric, Gas & Sanitary Services (4900), Natural Gas Transmisison & Distribution (4923), Natural Gas Transmission (4922)
- akta.pro primary industry
- Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching (EUAAADAA)
- akta.pro secondary industry
- C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE)
Keywords
Where TECO Energy is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
TECO Energy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Electric Utility Service: Tampa Electric Company provides electric utility services to customers in Florida. Revenue is generated through regulated electricity rates approved by the Florida Public Service Commission. Rates include base energy charges and various surcharges including a storm recovery charge (ending August 2026).
- Natural Gas Distribution: Peoples Gas System distributes natural gas to more than 500,000 customers across 14 service areas in Florida. Revenue is generated through regulated natural gas distribution rates. New Mexico Gas Company serves 540,000 customers across 27 of 33 New Mexico counties through similar regulated utility rates.
- Zap Cap Systems (Surge Protection): Unregulated surge protection service offered by Tampa Electric Company to its customers. This is a separate service from standard utility offerings and provides equipment protection.
- TECO SMS Notifications: Recurring SMS/text and email messaging service for outage alerts, billing notifications, and account information, offered through third-party vendor Kubra.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Residential Electric Service (Tampa Electric) |
| Usage-based | Monthly | Residential Natural Gas Service (Peoples Gas) |
| Subscription | Monthly | Zap Cap Systems Surge Protection |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
TECO Energy product offering
Product offeringCore offering
TECO Energy is a regulated energy utility holding company that delivers electricity through Tampa Electric Company and natural gas distribution through Peoples Gas System (Florida) and New Mexico Gas Company. The company serves residential, commercial, and industrial customers across Florida and New Mexico using company-owned grid and pipeline infrastructure, with rates regulated by state public service commissions. Additional offerings include the SeaCoast regulated gas transmission pipeline, the TECO Account online customer portal, and unregulated add-on services such as Zap Cap Systems surge protection.
Product overview
TECO Energy is an Emera Inc. subsidiary operating as a regulated energy utility holding company. The company offers a portfolio of energy products through two primary core brands: Tampa Electric (electric utility service) and Peoples Gas (natural gas distribution), serving residential, commercial, and industrial customers primarily in Florida. The TECO Account online portal provides unified access to billing, payments, and service management across both utilities. Additional offerings include Zap Cap Systems (surge protection), SeaCoast Transmission Pipeline (transmission services), MiLine (construction coordination), TECO SMS Notifications (outage/billing alerts), and Solar Options. The company also operates the Manatee Viewing Center for environmental education. All services are subject to Florida Public Service Commission regulation, with Tampa Electric and Peoples Gas operating as regulated utilities.
Differentiator
Problem solved
Functional benefit
Brands
- Zap Cap Systems: Unregulated surge protection service offered by Tampa Electric Company to its customers in Florida
Products and services
- Tampa Electric
- Peoples Gas
- New Mexico Gas Company
- Zap Cap Systems
- SeaCoast Transmission Pipeline
- TECO Account
- MiLine
Companies that use TECO Energy
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
TECO Energy technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
TECO Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and supporting.
- Emera Inc.coreTECO Energy was acquired by Emera Inc. on July 1, 2016. TECO Energy is now a subsidiary of Emera, which is a growing energy and utility company. TECO Energy is no longer a publicly traded company as a result of this acquisition.
- KubrasupportingTECO SMS Notifications service is offered through third-party vendor Kubra, which provides the technology platform for recurring SMS/text and email messages regarding outages, billing notifications, and other account information.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
TECO Energy competitors and assessment
Company assessmentDirect peers
- Duke Energy: Duke Energy is a multi-state regulated electric and natural gas utility serving the Southeast US, including Florida. It directly overlaps with TECO Energy in both regulated electric and gas distribution, geographic territory (Carolinas, Florida, Midwest), and integrated holding-company structure.
- NextEra Energy / Florida Power & Light: NextEra Energy, through Florida Power & Light, is the largest electric utility in Florida and a direct competitor/peer to Tampa Electric in the same state regulatory jurisdiction. Both operate regulated electric service in Florida with similar customer mix and storm exposure.
- Southern Company: Southern Company is a regulated electric and gas utility holding company serving the Southeast US. It is comparable to TECO Energy in combining regulated electric and natural gas operations under a holding-company structure with rate-base growth exposure.
- Atmos Energy: Atmos Energy is one of the largest natural gas distribution utilities in the US, operating across multiple states. It is a direct peer to Peoples Gas and New Mexico Gas Company as a regulated LDC with similar rate-base growth and infrastructure investment profiles.
- CenterPoint Energy: CenterPoint Energy operates regulated natural gas distribution and electric transmission and distribution across multiple US states. It is a directly comparable peer to TECO Energy's gas distribution operations in scale, geography, and regulatory model.
- Spire Inc. Spire Inc. is a natural gas distribution and pipeline utility serving customers across multiple states. It is comparable to Peoples Gas and New Mexico Gas Company as a regulated gas LDC focused on distribution infrastructure investment and customer growth.
Broad incumbents
- Dominion Energy: Dominion Energy is a large US utility holding company with regulated electric and gas operations across multiple states. It overlaps with TECO Energy in regulated utility holding structure and combined electric+gas business model, though at a much larger scale.
- Sempra: Sempra is a North American utility holding company with regulated electric and natural gas operations (SoCalGas, SDG&E, Oncor). It is comparable to TECO Energy as a diversified regulated utility holding company, though with broader geographic and operational scope.
- Consolidated Edison: Consolidated Edison is a regulated electric, gas, and steam utility serving the New York City region. It overlaps with TECO Energy as a multi-product regulated utility holding company, though concentrated in a different geography and with greater urban density.
Others
- Emera Inc. Emera Inc. is the Canadian parent company that acquired TECO Energy in 2016. Emera is comparable as the ultimate owner of TECO's regulated utility platform, with overlapping gas and electric utility operations across North America and similar regulated utility investment thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
TECO Energy social profiles
Digital presenceTECO Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
TECO Energy leadership team
Management profileNumber of profiles
Profiles4 records
TECO Energy subsidiaries and ownership
Company hierarchySubsidiaries5 records
TECO Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TECO Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TECO Energy
What does TECO Energy do?
TECO Energy is a regulated energy utility holding company that delivers electricity through Tampa Electric Company and natural gas distribution through Peoples Gas System (Florida) and New Mexico Gas Company. The company serves residential, commercial, and industrial customers across Florida and New Mexico using company-owned grid and pipeline infrastructure, with rates regulated by state public service commissions. Additional offerings include the SeaCoast regulated gas transmission pipeline, the TECO Account online customer portal, and unregulated add-on services such as Zap Cap Systems surge protection.
Is TECO Energy a public or private company?
TECO Energy is a private company. It is classified as corporate owned and is currently acquired.
When was TECO Energy founded?
TECO Energy was founded in 1981. It employs 1,001 to 5,000 people.
Where is TECO Energy based?
TECO Energy is headquartered in Tampa, United States, in the North America region.
How does TECO Energy make money?
Four revenue lines are on record. Electric Utility Service is the primary driver. The others are natural Gas Distribution, zap Cap Systems (Surge Protection) and TECO SMS Notifications.
Who are TECO Energy's main competitors?
Direct peers on record are Duke Energy, NextEra Energy / Florida Power & Light, Southern Company, Atmos Energy, CenterPoint Energy and Spire Inc.. Broad incumbents are Dominion Energy, Sempra and Consolidated Edison. Emera Inc. is listed as an others.
Does TECO Energy have an API?
No public API is recorded for TECO Energy.
What industry is TECO Energy in?
TECO Energy's product category is Regulated Electric and Gas Utility Services. Its primary akta.pro industry code is EUAAADAA, Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching, with a secondary code of EUAGACAE, C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs). Its NAICS code is 22 and its SIC code is 4900.