Tampa coldest winter in 40 years nets 60.8% increase in Tampa Electric Co. income
- "Teco Energy, Inc. cites the Tampa Bay area’s coldest winter in 40 years and a rate increase for a 60.8 percent rise in the utility’s first-quarter net income....
First quarter revenue was $912.3 million, up from $824 million in the year-ago quarter.
TECO Energy Chief Financial Officer Sandy Callahan said in a May 4 conference call with analysts that
- weather driven sales added $15 million to $20 million to first-quarter revenue.
- Increased rates added another $25 million to $30 million to revenue."...
from Tampa Bay Business Journal, 5/5, "Cold Weather, rate hike raises TECO earnings" via Tom Nelson
- Middle class people not in public sector unions cannot afford discretionary spending such as baseball games, in my experience in the Tampa area. ed.