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Friday, 10/31/2014 10:18:42 PM

Friday, October 31, 2014 10:18:42 PM

Post# of 116861
Shareholder Update: October 31, 2014

I would like to let our shareholders know that the planned “update” for today will be as follows.

The Board of Directors believes it is in the best interest of our shareholders to present said update in the proper format it will be required to be filed in to comply with all regulatory standards, as it will contain significant material information that cannot be simply explained in the format of a shareholder update.

The last weeks have been challenging for the company as we have vigorously pursued a path towards compliance and the resolution of numerous legacy issues in the corporation.

We are confident that when our shareholders are presented with information NO LATER THAN NOVEMBER 10TH, 2014 that it will be evident that Management and your Board of Directors have developed a definitive and decisive plan forward that will in fact transform TECO into an energy company of significance and credibility focused squarely on the tremendous opportunities that lie ahead of us, while decisively, vigorously and systematically dealing with the legacy issues which have affected and continue to effect the company’s operations.

We assure you that we are working diligently to put our shareholders FIRST and WE HAVE THE PLAN TO PROVE IT. We look forward to sharing it with all of our valued shareholders within the next 10 days.


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