-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OU43ey7eTINGSuyIGZSYC6mCfD9OzFZZagHS4zv2+zKvuPXcRVAmUVbf71jLZ/st 1F4Ts9Cm3KFswkgZ7BQZJQ== 0000350563-96-000004.txt : 19960112 0000350563-96-000004.hdr.sgml : 19960112 ACCESSION NUMBER: 0000350563-96-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960104 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19960111 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAMPA ELECTRIC CO CENTRAL INDEX KEY: 0000096271 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590475140 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05007 FILM NUMBER: 96502682 BUSINESS ADDRESS: STREET 1: 702 N FRANKLIN ST CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 8132284111 8-K 1 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): January 4, 1996 TAMPA ELECTRIC COMPANY (Exact name of registrant as specified in its charter) FLORIDA 1-5007 59-0475140 (State or other jurisdiction (Commission file (IRS Employer of incorporation) Number) Identification No.) 702 North Franklin Street, Tampa Florida 33602 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (813) 228-4111 Page 1 Item 5. Other Events See the Press Release dated January 4, 1996, filed as Exhibit 99.1 and incorporated herein by reference, describing proposed agency action by the Florida Public Service Commission relating to the deferral in 1996 of revenues under certain circumstances. If an affected party does not request a hearing, the order reflecting the Commission s vote will become effective 21 days from the date of its issuance which the company expects to be within the next few weeks. Page 2 Item 7. Financial Statements and Exhibits (C) Exhibits 99.1 Press Release dated January 4, 1996. Page 3 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. Dated: January 10, 1996 Tampa Electric Company By:/s/ A D. Oak A. D. Oak Vice President, Treasurer and Chief Financial Officer (Principal Financial Officer) Page 4 INDEX TO EXHIBITS Exhibit No. Description of Exhibits Page No. 99.1 Press Release dated January 4, 1996 6 Page 5 EX-99.1 2 Exhibit 99.1 (Tampa Electric Company letterhead) FOR IMMEDIATE RELEASE Contact: Mike Mahoney Office:813-228-4271 Home:813-991-6229 PSC ACCEPTS TAMPA ELECTRIC REVENUE PROPOSAL FOR 1996 TAMPA, Jan. 4, 1996 -- Tampa Electric Company today announced that the Florida Public Service Commission (FPSC) in a proposed agency action has approved a proposal which the company expects will help hold down electric bills after its new Polk Power Station comes into service. Under terms set forth in the FPSC s ruling, Tampa Electric for 1996 has agreed to hold subject to the FPSC s jurisdiction 50 percent of those revenues contributing to a range of return on equity of 11.50 percent to 12.50 percent, and 100 percent of revenues contributing to a return on equity exceeding 12.50 percent. These revenues will be subject to FPSC disposition to be determined in a future regulatory proceeding. The revenues will accrue interest at the thirty-day commercial paper rate as specified in the Florida Administrative Code. The FPSC had previously approved last May a deferred revenue plan for calendar year 1995. That plan is unaffected by the FPSC s recent action which applies only to 1996 revenues. We are pleased with the FPSC s decision, said Keith Surgenor, President and Chief Operating Officer of Tampa Electric. This new agreement will help us to hold the line on our customers bills even as our new power plant begins full commercial service in the fall. -more- Page 6 Exhibit 99.1 Tampa Electric is a regulated public utility serving over one-half million customers in a 2,000 square mile service area in west central Florida. It is the principal subsidiary of TECO Energy, Inc., a diversified, energy-related holding company also headquartered in Tampa. -30- Page 7 -----END PRIVACY-ENHANCED MESSAGE-----