Form 8-K

UNITED STATES

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):

June 1, 2005

 

 

TECO ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

 

Florida   1-8180   59-2052286

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

identification No.)

 

702 N. Franklin Street, Tampa, Florida 33602

(Address of principal executive offices) (Zip code)

 

 

Registrant’s telephone number, including area code: (813) 228-1111

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Section 8 – Other Events

 

Item 8.01 Other Events

 

On June 1, 2005, a TECO Energy, Inc. subsidiary completed the sale and transfer of its ownership interest in the Union and Gila River project entities (and the associated project debt) to the lending group. TECO Energy made the previously announced $31.8 million payment, including reimbursement of legal fees of two non-consenting lenders, in exchange for releases from the lenders and the project entities. The project entities have reimbursed TECO Energy $0.4 million associated with transition services provided by the company.

 

 

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SIGNATURES

 

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.

 

Date: June 1, 2005   TECO ENERGY, INC.
            (Registrant)
   

/s/ G. L. GILLETTE

    G. L. GILLETTE
    Executive Vice President
   

and Chief Financial Officer

(Principal Financial Officer)

 

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