TECO Energy, TECO Coal both have solid Q1 as coal prices boost earnings over first quarter of 2009

摘要

TECO Energy had a good first quarter overall and the company's coal business held up its end during the first quarter of 2010. TECO announced its first quarter results May 4, reporting a net income of 55.8 million dollars or 26 cents per share compared to 34.7 million dollars and 16 cents per share during the first quarter of 2009. Company Chairman and CEO Sherrill Hudson said the strong showing was, in part, due to the all-time peak demand the utility saw in January, but pointed out TECO Coal also had a strong quarter. "Our coal operations are realizing the benefits of better selling prices as the world's economy, especially the steel industry, recovers," Hudson said.