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HARDEE POWER STATION BEGINS FULL COMMERCIAL OPERATION

 TAMPA, Jan. 11 /PRNewswire/ -- TECO Power Services announced today that its 295-megawatt Hardee Power Station has begun full commercial operation as part of a 20-year power supply agreement with its sister company, Tampa Electric, and Seminole Electric Cooperative.
 Owned and operated by Power Services, the $218 million Hardee Power Station is Florida's first independent power plant and first major plant addition since the beginning of this decade. More important, it is a dual service facility through which Power Services will provide backup capacity to Seminole Electric, mainly in the spring and fall, and peaking capacity to Tampa Electric primarily during the summer and winter.
 Located in Hardee County about 40 miles southeast of Tampa, the Hardee Power Station is a combined-cycle facility fueled by natural gas or distillate oil. Such technology pairs two combustion turbines with a heat recovery steam generator and steam turbine. The heat exhaust from the combustion turbines is captured to produce additional capacity above that which the combustion turbines alone can produce, thereby substantially increasing the plant's overall efficiency.
 Power Services President Rick Ludwig said, "This innovative project offers substantial benefits to customers of both utilities. In fact, the estimated combined savings to customers over the 20-year term of the agreements are projected to exceed $200 million."
 Ludwig added, "We've recently obtained attractive long-term financing for the project. About $165 million was from a group of eight institutional lenders. An equity contribution from TECO Energy (NYSE: TE) provided the balance."
 The facility was designed and constructed by the General Electric Company, Metric Constructors and Black and Veatch Engineers over the past 30 months.
 Employing about 25 highly skilled technicians, the Hardee Power Station will operate with a high performance work team designed to give multi-skilled employees more job responsibilities and authority as to how work is accomplished.
 Ludwig noted, "We are working to develop additional projects both in Florida and in other parts of the country. We intend to continue building on our experience, our expertise and various business relationships we have already establisTECO Energy's other principal companies include Tampa Electric, TECO Transport & Trade, TECO Coal and TECO Coalbed Methane.
 -0- 1/11/93
 /CONTACT: Mike Mahoney of TECO Energy, 813-228-4271, or home, 813-961-9456/
 (TE)


CO: TECO Energy, Inc.; TECO Power Services ST: Florida IN: OIL SU:

JJ-JB -- FL010 -- 5637 01/11/93 10:52 EST
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Date:Jan 11, 1993
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