THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

TECO Energy, Inc. (TE)

3/15/2006 Proxy Information

TECO Energy paid legal fees of $1,251,715 for 2005 to Ausley & McMullen, P.A., of which Mr. Ausley is an employee.

Under our bylaws, we are obligated to indemnify our directors and officers in connection with certain legal actions that have been brought against them. In connection with the class-action and derivative lawsuits brought against us and certain of our officers and directors, we are providing advance payment of counsel fees or representation by the same outside counsel that is also representing TECO Energy. To date, there have not been advanced legal expenses in excess of $60,000, and we believe that we have not incurred any additional expenses as a result of the representation of the directors and officers by TECO Energy’s outside counsel on these matters.

3/16/2005 Proxy Information

The Corporation paid legal fees of $1,436,197 for 2004 to Ausley & McMullen, of which Mr. Ausley is an employee.

3/25/2004 Proxy Information

The Corporation paid legal fees of $1,178,615 for 2003 to Ausley & McMullen, of which DuBose Ausley is an employee.

The Corporation also paid legal fees of $1,000 for 2003 to Shapiro, Sher, Guinot & Sandler, P.A., of which Luis Guinot was a partner.

3/7/2003 Proxy Information

The Corporation paid legal fees of $1,143,144 for 2002 to Ausley & McMullen, of which Mr. Ausley is a member. The Corporation also paid legal fees of $30,570 for 2002 to Shapiro, Sher, Guinot & Sandler, P.A., of which Mr. Guinot is a partner.

Mr. Hudson was a partner of Deloitte & Touche LLP (“Deloitte”) until he retired in August 2002. In 2002, Deloitte performed auditing work for two jointly owned entities in which subsidiaries of TECO Power Services Corporation own an interest, Commonwealth Chesapeake Company, a power generation project in Virginia, and EEGSA, the electricity distribution company in Guatemala. Deloitte also assisted the Corporation with the implementation of risk management software in 2002. All of the foregoing work was performed by offices of Deloitte outside the region for which Mr. Hudson had oversight responsibility, and Mr. Hudson did not join the Corporation’s Board until after he had retired from Deloitte.