TECO

TECO Companies Donate $1 Million to Charities to Help During Pandemic

Thursday, March 26, 2020 - 10:06pm

To help the community during this unprecedented time of uncertainty, Tampa Electric and TECO Peoples Gas are donating $1 million to local charities that will benefit people financially affected by the pandemic.

Key Points: 
  • To help the community during this unprecedented time of uncertainty, Tampa Electric and TECO Peoples Gas are donating $1 million to local charities that will benefit people financially affected by the pandemic.
  • The program, administered by the Salvation Army, was also simplified to provide assistance to more people during the pandemic.
  • In response to this pandemic, Tampa Electric and Peoples Gas have suspended disconnections for residential and commercial customers.
  • The utilities charitable contributions are part of their ongoing efforts to help customers during the pandemic.

PJ Asset Management submitted a shareholder proposal to the Management and Board of Directors of TECO Electric and Machinery Co., Ltd. (1504.TT) outlining a Value Enhancement Plan

Thursday, March 5, 2020 - 12:29am

This letter has been provided as a follow-up to our previous meeting with the Company on December 06, 2019.

Key Points: 
  • This letter has been provided as a follow-up to our previous meeting with the Company on December 06, 2019.
  • With a position of approximately USD270 million in market value, PJAM is TECO's single largest shareholder.
  • Together with Jaryuan, PJAM holds more than 15% in common stock in TECO Electric and Machinery Co., Ltd. ("TECO" or "Company"), making us TECO's single largest shareholder.
  • We look forward to a positive and collaborative dialogue with TECO's board and management team to discuss this constructive plan.

Saudi Arabia Electric Motor Market 2019-2024: Major Players are ABB, Siemens, WEG Industries, NIDEC and TECO Middle East Electrical & Machinery

Tuesday, July 9, 2019 - 4:30pm

The Saudi Arabia electric motor market reached a value of US$ 441.3 Million in 2018.

Key Points: 
  • The Saudi Arabia electric motor market reached a value of US$ 441.3 Million in 2018.
  • Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation and TECO Middle East Electrical & Machinery Co. Ltd.
    Key Questions Answered in This Report:
    How has the Saudi Arabia electric motor market performed so far and how will it perform in the coming years?
  • What are the major end-use segments in the Saudi Arabia electric motor market?
  • What is the structure of the Saudi Arabia electric motor industry and who are the key players?

Tampa Electric Company Signs Contract with Itron to Deploy Smart Street Lighting Solution

Thursday, January 31, 2019 - 1:45pm

Itron, Inc. (NASDAQ: ITRI), signed a contract with Tampa Electric Co. (TECO) to deploy Itrons smart street lighting solution to allow streetlights to communicate with the utility.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), signed a contract with Tampa Electric Co. (TECO) to deploy Itrons smart street lighting solution to allow streetlights to communicate with the utility.
  • In coordination with the utilitys streetlight replacement program to convert traditional lighting infrastructure to energy-efficient LED technology, Tampa Electric will install more than 260,000 Itron smart photocells in the next five years.
  • With Itrons network, Tampa Electric also has a foundation to enable distribution automation and smart city applications, such as air quality management or smart parking.
  • We are thrilled to collaborate with Tampa Electric to update the utilitys lighting, said Sharelynn Moore, senior vice president of Networked Solutions at Itron.