TECO still working on selling TECO Coal

摘要

TECO Energy reported that fourth-quarter 2014 non-GAAP results from continuing operations were $45 million, or $0.19 on a per-share basis, compared with $37.7 million, or $0.18 on a per-share basis in 2013. The 2014 results exclude a $14.6 million consolidated state deferred tax balance adjustment related to the pending sale of TECO Coal, and $3.0 million of costs associated with the acquisition of New Mexico Gas Co. (NMGC). On a per share basis, the NMGC acquisition was approximately $0.03 accretive to fourth-quarter results.