Florida Utility Expands Subsidiary
The resulting new business will be a TECO Energy subsidiary known as TECO Solutions, which will deliver customized energy-efficient design and new construction/ remodeling projects for commercial and public sector clients unique to Florida. Bill Cantrell, current president of BGA, will serve as president of TECO Solutions.
TECO Energy increased its earnings outlook for 2000 and 2001. The company provided core business growth expectations of 10 percent for each year and projected an additional upside each year from its other businesses, with the 2000 upside quantified at 10 cents to 15 cents per share.