Getting paid on sale of TECO coal division will require big move in met coal prices

摘要

TECO Energy Inc. is finally free of its coalrndivision, which it has been looking to sellrnfor more than a year. But under a contingentrnpayment arrangement with Cambrian CoalrnCorp., the utility will only receive moneyrnon the deal if metallurgical coal prices risernsubstantially, according to the purchasernagreement.