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FPSC ADJUSTS TAMPA ELECTRIC'S AUTHORIZED RATE OF RETURN IN LIEU OF LIMITED PROCEEDING

 FPSC ADJUSTS TAMPA ELECTRIC'S AUTHORIZED RATE OF RETURN
 IN LIEU OF LIMITED PROCEEDING
 TAMPA, Fla., Feb. 18 /PRNewswire/ -- The Florida Public Service Commission today canceled a limited proceeding to review Tampa Electric Company's authorized rate of return on common equity.
 As part of its action, the commission reset the company's authorized rate of return on common equity for regulatory purposes to 12.5 percent. The commission's actions do not affect the prices charged to customers. The 12.5 percent level would also be used for interim purposes to determine whether any revenues should be held subject to refund pending the setting of rate of return on equity in a full revenue requirements case.
 Tampa Electric has said it is considering filing a full revenue requirements case not later than mid-year. In that proceeding, the company expects to fully address rate of return on equity as well as all of the other components which determine the company's prices.
 TECO Energy (NYSE: TE) is a diversified energy-related holding company headquartered in Tampa, Fla. In addition to Tampa Electric, its principal companies include TECO Transport & Trade, TECO Coal, TECO Coalbed Methane, TECO Power Services and TECO Properties.
 -0- 2/18/92
 /CONTACT: Mike Mahoney of TECO Energy, Inc., 813-228-4271 (office) or 813-961-9456 (home)/
 (TE) CO: Tampa Electric Company ST: Florida IN: UTI SU:


SS-XX -- FL013 -- 0174 02/18/92 17:31 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 18, 1992
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