Private company

TAMPA ELECTRIC CO

TAMPA ELECTRIC CO is an American electric services company based in Tampa.2

Last updated Oct 20, 2026.

Overview

  • IndustryElectric Services2
  • HeadquartersTampa, United States2
  • Incorporated inFL3
  • Business address702 N Franklin St, Teco Plza, Tampa, Fl 336023
  • Filer categoryNon-accelerated filer3
  • Legal formProfit Corporation2
  • LEIWS423EPRKJIIJUITXD732
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O NICHOLSON, DAVID M, 33607 Tampa, United States2
  • Registered withFlorida Division of Corporations, 1577822

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Tampa Electric Company, referred to as TEC or Tampa Electric, was incorporated in Florida in 1899 and was reincorporated in 1949. All of TEC’s common stock is owned by TECO Holdings. TECO Holdings is an indirect, wholly owned subsidiary of Emera. Therefore, TEC is an indirect, wholly owned subsidiary of Emera.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

27.8%Operating margin5
19.5%Net margin5
23.3%Revenue growth, 20255
10.4%Return on equity5
0.77×Debt to equity5
-$671.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs70¢$2.2B
  • Interest7¢$219.0M
  • Income tax3¢$100.0M
  • Profit19¢$607.0M

Out of $3.1B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending72¢$1.6B
  • Dividends paid28¢$606.0M

Out of $886.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$3.1B in 2025+30% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.4B$2.4B20192020: $2.3B$2.3B2020−5%2021: $2.7B$2.7B2021+19%2022: $3.2B$3.2B2022+18%2023: $2.6B$2.6B2023−17%2024: $2.5B$2.5B2024−4%2025: $3.1B$3.1B2025+23%
Operating income67895$866.0M in 2025+54% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $561.0M$561.0M20192020: $600.0M$600.0M2020+7%2021: $606.0M$606.0M2021+1%2022: $773.0M$773.0M2022+28%2023: $703.0M$703.0M2023−9%2024: $681.0M$681.0M2024−3%2025: $866.0M$866.0M2025+27%
Net income67895$607.0M in 2025+64% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $370.0M$370.0M20192020: $424.0M$424.0M2020+15%2021: $446.0M$446.0M2021+5%2022: $540.0M$540.0M2022+21%2023: $466.0M$466.0M2023−14%2024: $468.0M$468.0M2024+0%2025: $607.0M$607.0M2025+30%
Fiscal year2019202020212022202320242025
Revenue$2.4B6$2.3B7$2.7B8$3.2B9$2.6B5$2.5B5$3.1B5
Cost of revenue
Operating expenses$2.1B8$2.4B9$1.9B5$1.8B5$2.2B5
Operating income$561.0M6$600.0M7$606.0M8$773.0M9$703.0M5$681.0M5$866.0M5
Interest$134.0M6$130.0M7$130.0M8$167.0M9$239.0M5$193.0M5$219.0M5
Income before tax$526.0M8$661.0M9$553.0M5$536.0M5$707.0M5
Income tax$77.0M6$82.0M7$80.0M8$121.0M9$87.0M5$68.0M5$100.0M5
Net income$370.0M6$424.0M7$446.0M8$540.0M9$466.0M5$468.0M5$607.0M5

Compare TAMPA ELECTRIC CO with another company

Corporate structure

TAMPA ELECTRIC CO is part of a group headed by Emera. 15 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Emera Halifax, Nova Scotia, Canada
    • EMERA US HOLDINGS INC. 100% · Wilmington, Delaware, United States
      • TECO Energy Tampa, Florida, United States
        • TAMPA ELECTRIC CO Tampa, Florida, United States
        • NEW MEXICO GAS COMPANY, INC. Subsidiary · Albuquerque, New Mexico, United States
        • TECO ENERGYSOURCE, INC. Subsidiary · Tampa, Florida, United States
      • EMERA ENERGY SERVICES, INC. Subsidiary · Halifax, Nova Scotia, Canada
    • Nova Scotia Power Halifax, Nova Scotia, Canada
      • Trenton Generating Station Subsidiary · Nova Scotia, Canada
    • Bridgeport Energy LLC Subsidiary · Halifax, Nova Scotia, Canada
    • Emera Energy Incorporated Subsidiary · Halifax, Nova Scotia, Canada
      • EMERA ENERGY U.S. SUBSIDIARY NO. 1, INC. Subsidiary · Halifax, Nova Scotia, Canada
    • EMERA ENERGY LIMITED PARTNERSHIP Subsidiary · Halifax, Nova Scotia, Canada
    • Rumford Power Inc. Subsidiary · Halifax, Nova Scotia, Canada
    • Tiverton Power LLC Subsidiary · Halifax, Nova Scotia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What TAMPA ELECTRIC CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$1.3B5 Dec 31, 2025$1.6B5 Dec 31, 2024−17.5%
Property and equipment, before depreciation$14.5B5 Dec 31, 2025$12.8B5 Dec 31, 2024+12.8%
Accumulated depreciation$3.6B5 Dec 31, 2025$3.3B5 Dec 31, 2024+8.3%
Property and equipment, net$12.2B5 Dec 31, 2025$11.1B5 Dec 31, 2024+9.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.0M5 Dec 31, 2025$4.0M5 Dec 31, 2024−25.0%

Properties, in its own words

TEC believes that its physical properties are adequate to carry on its business as currently conducted. The properties of TEC are subject to a first mortgage bond indenture under which no bonds are currently outstanding.

TEC has electric generating stations in service, with a December 2025 net winter generating capability of 6,771 MWs. Tampa Electric assets include the Big Bend Power Station (1,561 MWs capacity), the Bayside Power Station (2,212 MWs capacity), the Polk Power Station (1,406 MWs capacity), and MacDill Power Station (73 MWs capacity). Also included in Tampa Electric’s assets as of December 31, 2025, are twenty-eight solar arrays (1,424 MWs capacity) and three energy storage sites (95 MWs capacity).

The rest of Item 2

TEC owns 77 transmission substations and 139 distribution substations with an aggregate transformer capacity of 17,126 mega volts amps. The Tampa Electric system has a 8,285 mega volts amps of generator step up unit capacity. The transmission system consists of 1,379 total circuit miles of high voltage transmission lines, including underground and double-circuit lines. The distribution system consists of 5,979 circuit miles of overhead lines and 7,104 circuit miles of underground lines. As of December 31, 2025, there were 880,841 meters in service. All of this property is located in Florida.

TEC’s property, plant and equipment are owned, except that titles to some of the properties are subject to easements, leases, contracts, covenants and similar encumbrances common to properties of the size and character of those of TEC.

TEC has easements or other property rights for rights-of-way adequate for the maintenance and operation of its electrical transmission and distribution lines that are not constructed upon public highways, roads and streets. Transmission and distribution lines located in public ways are maintained under franchises or permits.

Item 2 of the 10-K filed Feb 23, 2026.4

Subsidiaries and ownership

Parent company (GLEIF)

Ultimate parent

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Jan 27, 20268-K New debt or obligation15
  2. Nov 25, 20258-K Entered a material agreement; New debt or obligation16
  3. Mar 7, 20258-K Entered a material agreement; New debt or obligation; Other events17
  4. Mar 5, 20258-K Other events18
  5. Dec 9, 20248-K Other events19
  6. Apr 5, 20248-K Entered a material agreement; New debt or obligation20
  7. Feb 1, 20248-K Entered a material agreement; New debt or obligation; Other events21
  8. Jan 29, 20248-K Other events22
  9. Apr 7, 20238-K Entered a material agreement; New debt or obligation23
  10. Mar 6, 20238-K Entered a material agreement; New debt or obligation24
  11. Jan 5, 20238-K Entered a material agreement; New debt or obligation25
  12. Dec 19, 20228-K Entered a material agreement; New debt or obligation26
  13. Oct 14, 2017Parent Directly consolidated by TECO Energy2
  14. Apr 18, 1949Founded TAMPA ELECTRIC CO is founded2

Filings

51 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 15 major events, 16 other. The latest 20:

  1. Aug 7, 202610-Q EDGAR
  2. May 8, 202610-Q EDGAR
  3. Feb 23, 202610-K EDGAR
  4. Jan 27, 20268-K EDGAR
  5. Dec 4, 2025EFFECT EDGAR
  6. Dec 2, 2025CORRESP EDGAR
  7. Nov 25, 20258-K EDGAR
  8. Nov 7, 2025S-3 EDGAR
  9. Nov 7, 202510-Q EDGAR
  10. Aug 8, 202510-Q EDGAR
  11. May 8, 202510-Q EDGAR
  12. Mar 7, 20258-K EDGAR
  13. Mar 5, 20258-K EDGAR
  14. Mar 4, 2025424B5 EDGAR
  15. Mar 3, 2025FWP EDGAR
  16. Mar 3, 2025424B5 EDGAR
  17. Feb 21, 202510-K EDGAR
  18. Dec 9, 20248-K EDGAR
  19. Nov 12, 202410-Q EDGAR
  20. Aug 9, 202410-Q EDGAR

The 51 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How TAMPA ELECTRIC CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTAMPA ELECTRIC CO1
  • CIK0000096271
  • Employer ID (EIN)59-04751404
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inFlorida4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4911 Electric Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address702 N Franklin St, Teco Plza, Tampa, FL 336021
  • Mailing addressTampa Electric Co, Teco Plaza 702 N Franklin St, Tampa, FL 336021
  • Phone81322841111
  • Shares outstanding10 as of Aug 6, 202611
  • Public float$0 as of Jun 30, 20255
  • AuditorErnst & Young LLP, Tampa, Florida PCAOB ID 42; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 31, 19941
  • Filings354 in all: 8-K (121), 10-Q (98), 424B5 (37), 10-K (30), FWP (15), UPLOAD (11), S-3 (7), CORRESP (6)1
    All 20 form types

    EFFECT (5), 10-K/A (4), POSASR (4), S-3ASR (4), 10-K405 (3), SC 13G/A (3), 10-K405/A (1), 10-Q/A (1), 424B3 (1), S-3/A (1), S-3MEF (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Latest 8-K (8-K) Jan 27, 2026

Risk factors and legal proceedings

The risks TAMPA ELECTRIC CO names in Item 1A of its 10-K filed Feb 23, 2026: 27 risks under these headings, as written.4

  • Risks Relating to TEC’s Business and Strategy
  • Regulatory, Legislative, and Legal Risks
  • TEC is regulated; changes in regulation or the regulatory environment could reduce revenues, increase costs or competition.
  • Changes in the environmental and land use laws and regulations affecting its business could increase TEC’s costs or curtail its activities.
  • The computation of TEC’s provision for income taxes is impacted by changes in tax legislation.
  • TEC may not be able to secure adequate rights-of-way to construct transmission lines and distribution-related facilities and could be required to find alternate ways to provide adequate sources of energy and maintain reliable service for their customers.
  • The franchise rights held by TEC could be lost in the event of a breach by such utility or could expire and not be renewed.
  • Operational and Construction Risks
  • TEC’s business is sensitive to variations in weather and the effects of extreme weather and has seasonal variations.
  • TEC is subject to several risks that arise or may arise from climate change, as well as risks arising from the evolving political and regulatory environment related to climate change.
  • The facilities and operations of TEC could be affected by natural disasters or other catastrophic events.
  • TEC is exposed to potential risks related to reliance on technology, the cost of technology, technological vulnerabilities, and the rapid evolution of artificial intelligence, which could cause system failures, disrupt operations or adversely affect safety.
The other 18 risks
  • TEC is exposed to potential risks related to cyberattacks and unauthorized access, which could cause system failures, disrupt operations or adversely affect safety.
  • Effects of an outbreak of infectious disease, another pandemic or a similar public health threat could have a negative impact on TEC’s operations.
  • Financial, Economic, and Market Risks
  • National and local economic conditions can have a significant impact on the results of operations, net income and cash flows at TEC.
  • Potential competitive changes may adversely affect TEC.
  • Disruption of fuel supply could have an adverse impact on the financial condition of TEC.
  • Commodity price changes may affect the operating costs and competitive positions of TEC’s business.
  • TEC may face risks associated with international and national trade laws and regulations which could affect operating costs.
  • Developments in technology could reduce demand for electricity.
  • Results at TEC may be affected by changes in customer energy-usage patterns.
  • Increased customer use of distributed generation could adversely affect TEC.
  • Failure to attract and retain an appropriately qualified workforce, or workforce disruptions, could adversely affect TEC’s financial results.
  • Liquidity and Capital Requirements Risks
  • TEC’s indebtedness could adversely affect its business, financial condition and results of operations, as well as its ability to meet its payment obligations on its debt.
  • Financial market conditions could limit TEC’s access to capital and increase TEC’s costs of borrowing or refinancing, or have other adverse effects on its results.
  • Declines in the financial markets or in interest rates or rates of return used to determine benefit assets or obligations could increase TEC’s pension expense or the required cash contributions to maintain required levels of funding for its plan.
  • TEC’s financial condition and results could be adversely affected if its capital expenditures are greater than forecast or costs are not recoverable through rates.
  • TEC’s financial condition and ability to access capital may be materially adversely affected by multiple ratings downgrades to below investment grade.
  • TEC may be subject to risks relating to its separation from PGS.
  • The insolvency or default of key third parties could have an adverse impact on the financial condition of TEC.

Legal proceedings

From time to time, TEC is involved in various legal, tax and regulatory proceedings before various courts, regulatory commissions and governmental agencies in the ordinary course of business. Where appropriate, accruals are made in accordance with accounting standards for contingencies to provide for matters that are probable of resulting in an estimable loss. For a discussion of legal proceedings, see Note 8 of the 2025 Annual TEC Financial Statements.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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  15. 15
  16. 16
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  18. 18
    SEC EDGAROther events
  19. 19
    SEC EDGAROther events
  20. 20
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  22. 22
    SEC EDGAROther events
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  25. 25
  26. 26