Tuesday, December 30, 2014

TECO Energy and TECO Coal

        TECO Energy amends and extends agreement to sell TECO Coal.



        TECO Energy Incorporation announced that it has entered into an agreement with Cambrian Coal Corporation to modify the terms of the Securities Purchase Agreement dated on October 17th, 2014, related to the sale of TECO Coal.

        Under this amendment, the S.P.A. is subject to the termination of either party that is specified and closing conditions are not met by February 20th, 2015, rather than December 31st, 2014, as originally specified.

        The specifics of the amendment were filed with the S.E.C. in the form of a Current Report.