SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
DECEMBER 19, 2002
TECO ENERGY, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA 1-8180 59-2052286
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(STATE OR OTHER JURISDICTION (COMMISSION FILE (IRS EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
702 NORTH FRANKLIN STREET, TAMPA FLORIDA 33602
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (813) 228-4111
ITEM 5. OTHER EVENTS
TECO Energy, Inc. (TECO Energy) is filing updated audited historical
financial statements for the years ended December 31, 2001, 2000 and 1999 in
connection with (1) the adoption of Statement of Financial Accounting Standards
No. 142 , "Goodwill and Other Intangible Assets" (FAS 142), (2) the adoption of
the consensus reached through the deliberations of Emerging Issues Task Force
No. 02-03, "Issues Related to Accounting for Contracts Involved in Energy
Trading and Risk Management Activities" and (3) its announced intent to sell the
TECO Coalbed Methane gas assets, requiring its reclassification as discontinued
operations. Under Securities and Exchange Commission requirements for
transitional disclosure, the reclassifications required by these events are
required for previously issued annual financial statements for each of the three
years shown in TECO Energy's last annual report on Form 10-K if those filings
are incorporated by reference into subsequent filings with the SEC made under
the Securities Act of 1933, as amended. TECO Energy is re-issuing these
historical financial statements at this time in connection with the filing of a
Registration Statement on Form S-3 relating to the registration of securities
for sale by TECO Energy from time to time and a Registration Statement on Form
S-4 relating to the exchange of up to $380 million aggregate principal amount of
10.50% Notes due December 1, 2007 for up to $380 million aggregate principal
amount of 10.50% Notes due December 1, 2007, issued on November 20, 2002 in a
Rule 144A offering.
This Current Report on Form 8-K updates only that information specifically
stated herein. All other items of the Annual Report on Form 10-K for the year
ended December 31, 2001 remain unchanged. No attempt has been made to update
matters in that Form 10-K except to the extent expressly provided above.
This Current Report on Form 8-K should be read in connection with TECO Energy's
other filings with the SEC.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
23.1 Consent of Independent Certified Public Accountants
99.1 Revised Audited Financial Statements for the years ended December
31, 2001, 2000 and 1999 to reflect (1) the adoption of Statement of
Financial Accounting Standards No. 142, "Goodwill and Other
Intangible Assets" (FAS 142), (2) the adoption of the consensus
reached through the deliberations of Emerging Issues Task Force No.
02-03, "Issues Related to Accounting for Contracts Involved in
Energy Trading and Risk Management Activities" and (3) TECO Energy's
announced intent to sell the TECO Coalbed Methane gas assets,
requiring its reclassification as discontinued operations.
99.2 Investment considerations
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TECO Energy, Inc.
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(Registrant)
Dated: December 19, 2002 By: /s/ G. L. GILLETTE
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G. L. GILLETTE
Senior Vice President - Finance
and Chief Financial Officer
(Principal Financial Officer)
3
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBITS
23.1 Consent of Independent Certified Public Accountants 5
99.1 Revised Audited Financial Statements for the years ended December 6-36
31, 2001, 2000 and 1999 to reflect (1) the adoption of Statement of
Financial Accounting Standards No. 142, "Goodwill and Other
Intangible Assets" (FAS 142), (2) the adoption of the consensus
reached through the deliberations of Emerging Issues Task Force No.
02-03, "Issues Related to Accounting for Contracts Involved in
Energy Trading and Risk Management Activities" and (3) TECO
Energy's announced intent to sell the TECO Coalbed Methane gas
assets, requiring its reclassification as discontinued operations.
99.2 Investment considerations 37-45
4