FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433(d)

Registration Statement No. 333-132243-01

May 22, 2007

Final Term Sheet

 

Issuer:

  Tampa Electric Company

Principal Amount:

  $250,000,000

Maturity:

  May 15, 2037

Coupon:

  6.15%

Initial Price to Public:

  99.433% per Note

Yield to maturity:

  6.192%

Spread to Benchmark Treasury:

  +1.20%

Benchmark Treasury:

  February 2036

Benchmark Treasury Yield:

  4.992%

Interest Payment Dates:

  May 15 and November 15, commencing November 15, 2007

Redemption Provisions:

 

Make-whole call

  At any time at a discount rate of Treasury plus 25 basis points

Settlement:

  T+3; May 25, 2007

Ratings*(Moody’s/S&P/Fitch):

  Baa2/BBB-/BBB+

CUSIP:

  875127 AW2

Joint Book-running Managers

  Merrill Lynch, BNY Capital Markets, BNP Paribas

Co-Managers

  Fifth Third Securities, Inc., Morgan Keegan & Company, Inc., SG Americas Securities, LLC and Wedbush Morgan Securities, Inc.
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-866-500-5408, BNY Capital Markets, Inc. at 212-635-8974 or BNP Paribas Securities Corp. at 1-800-854-5674.