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Tampa Electric Co - Power Plants and SWOT Analysis, 2017 Update

Tampa Electric Co - Power Plants and SWOT Analysis, 2017 Update

Summary

The report contains a detailed description of the power generation company’s business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services.

Scope

  • Major Power Plants (assets) - summarized and detailed information about the power plants (assets).
  • Operational Metrics (capacity, generation, revenue, sales, number of consumers).
  • Business description - A detailed description of the company’s operations and business divisions.
  • Corporate strategy - GlobalData’s summarization of the company’s business strategy.
  • SWOT analysis - A detailed analysis of the company’s strengths, weakness, opportunities and threats.
  • Company history - Progression of key events associated with the company.
  • Major products and services - A list of major products, services and brands
  • Key employees - A list of the key executives and personnel heading key departments/functions.
  • Executive biographies - A brief summary of the executives’ employment history.
  • Financial deals - Coverage of key financial deals from 2006 onwards, depending upon information availability
  • Important locations and subsidiaries - A list of key locations and subsidiaries of the company, including contact details.
* Note: Some sections may be missing if data is unavailable for the company.

Reasons to buy
  • Gain key insights into the company for academic or business research purposes. Key elements such as SWOT analysis, corporate strategy and major products and services are incorporated in the profile to assist in various business decisions (M&A and JV).
  • Identify potential customers and suppliers with this report’s analysis of the company’s business structure, operations, major products and services and business strategy.
  • Understand and respond to competitors’ business structure and strategies with GlobalData’s detailed SWOT analysis. In this, the company’s core strengths, weaknesses, opportunities and threats are analyzed, providing an up to date objective view of the company.


Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
Tampa Electric Co, Operational Metrics, By Capacity 7
Tampa Electric Co, Operational Metrics, By Transmission 7
Tampa Electric Co, Operational Metrics, By Distribution 7
Tampa Electric Co, Operational Metrics, By Customers 7
Tampa Electric Co, Operational Metrics, By Segmental Information 7
Tampa Electric Co, Operational Metrics, By Sales 8
Tampa Electric Co, Solar PV Parks 9
Tampa Electric Co, Solar PV Parks, United States 9
Tampa Electric Co, Biopower Plants 10
Tampa Electric Co, Biopower Plants, United States 10
Tampa Electric Co, Thermal Power Plants 11
Tampa Electric Co, Thermal Power Plants, United States 11
Business Description 12
Business Overview 12
Major Products and Services 13
History 14
SWOT Analysis 16
Overview 16
Tampa Electric Co Strengths 16
Diverse Generation Portfolio 16
Business Model: Vertically-Integrated 16
Tampa Electric Co Weaknesses 16
Market Follower 16
Tampa Electric Co Opportunities 17
Prospects for Growth in Demand for Electricity: the US 17
Strategic Investments 17
Tampa Electric Co Threats 17
Competition 17
Volatility in Electricity Prices 17
Clean Power Plan by EPA: the US 17
Key Employees 18
Locations And Subsidiaries 19
Head Office 19
Financial Deals Landscape 20
Tampa Electric Co, Deals Summary 20
Tampa Electric Co, Power, Deal Details 21
Asset Transactions 21
Tampa Electric to Invest USD6 Million in Tampa International Airport Solar Power Plant in Florida, US 21
Debt Offering 22
Tampa Electric Raises USD250 Million in Public Offering of 4.2% Notes Due 2045 22
Tampa Electric Completes Public Offering Of 4.35% Notes Due 2044 For US$300 Million 24
Tampa Electric Completes Public Offering Of 2.6% Notes Due 2022 For US$250 Million 26
Tampa Electric Completes Public Offering Of 4.1% Notes Due 2042 For US$300 Million 27
Recent Developments 28
Tampa Electric Co - Recent Developments 28
Jan 29, 2013: Tampa Electric To Deploy Trilliant's SecureMesh WAN 28
May 17, 2012: Westinghouse And Ameren Missouri Form NexStart SMR Alliance To License And Deploy Westinghouse Small Modular Reactor Technology 28
Sep 09, 2010: Tampa Electric To Capture And Sequester CO2 At Polk Power Station 29
Jul 26, 2010: Tampa Electric To Participate In Two DOE Funded Projects Designed To Advance CO2 Capture Technologies 29
Jun 15, 2010: Tampa Electric Launches 'Smart' Solar Pilot Project Featuring Petra Solar's Sunwave 30
Mar 03, 2010: Tampa Electric To Construct 230,000V Power Transmission Line 30
Dec 01, 2009: PSC Approves Utility Conservation Goals In Florida 30
Sep 10, 2009: Tampa Electric Completes New Gas-fired Peaking Units 31
Apr 20, 2009: Tampa Electric, USF And Tampa’s Lowry Park Zoo To Launch New Renewable Energy Project 31
Aug 04, 2008: Tampa, USF Partner With Tampa’s Lowry Park Zoo To Develop New Solar Energy Project 32
Nov 06, 2017: Regulators pave the way for Tampa Electric to significantly expand solar power 33
Sep 18, 2017: Toronto Hydro crews finish work in Florida, now heading to Long Island 33
Aug 25, 2017: Tampa likely to increase residential customers’ monthly bill by 1% 33
Aug 17, 2017: Tampa Electric restarts Big Bend Unit 2 34
Jun 13, 2017: PSC Reports Increased Renewable Use by Consumers 34
Jun 13, 2017: Florida Utilities Consider Joint Plant Operations to Save Electricity Costs 34
Mar 29, 2017: Burns & McDonnell commissions 23MW Big Bend Solar Project in Florida 35
Feb 26, 2017: TTI-FSS completes 507kW solar system installation at its Tampa facility in US 35
Feb 15, 2017: Tampa Electric completes bay area's largest solar project 36
Jan 16, 2017: Tampa Electric completes expansion of Polk Power Station 36
Dec 14, 2016: Tampa Electric completes large-scale solar array at LEGOLAND Florida Resort 36
Nov 16, 2016: Tampa Electric to demolish original striped chimney at Big Bend power plant 37
Nov 02, 2016: Regulators approve reduction of Tampa Electric bills in January 37
Feb 11, 2016: Tampa Electric Opens Its Largest Solar Project at Tampa International Airport 38
Jan 21, 2016: Tampa Electric sending crews to North Carolina to help restore power 38
Dec 03, 2015: PSC Finalizes 2016 Cost Recovery for Florida Electric Utilities 38
Oct 13, 2015: Tampa Electric Goes Live on Allegro Commodity Management 39
Sep 15, 2015: PSC Approves Streamlined Tariff Changes For TECO And Peoples Gas 40
Sep 01, 2015: Tampa Electric customer bills to drop in January to reflect reduced fuel costs 40
Jul 21, 2015: Florida PSC Approves Utilities’ Demand Side Management Plans 40
Apr 09, 2015: Innovative reclaimed water project is now operating at Polk Power Station 41
Mar 02, 2015: Lake Alfred residents’ electric bills to rise due to city’s increased franchise fee 42
Oct 20, 2014: PSC Cost Recovery Hearing Set for Wednesday 42
Apr 09, 2014: DOE Marks Major Milestone with Startup of Recovery Act Demonstration Project 42
Dec 16, 2013: Florida’s Tampa Electric Selects ESG for Energy Efficiency Software Platform 42
Nov 20, 2013: Tampa Electric receives approval to expand Polk power plant in US 43
Nov 04, 2013: PSC Decides 2014 Cost Recovery for Florida Electric Utilities 43
Sep 11, 2013: PSC Approves Settlement Agreement for TECO 44
Sep 06, 2013: Tampa Electric, Other Parties Compromise on Customer Rates 44
Jun 25, 2013: Florida PSC Approves Contracts To Encourage Renewable Energy Production 45
May 24, 2013: Florida PSC To Conduct Customer Service Hearings For Tampa Electric's Base Rate Request 45
Apr 05, 2013: Tampa Electric Files Formal Request With Florida PSC For Rate Increase 45
Dec 12, 2012: Tampa Electric Receives Approval From Florida PSC For Polk Power Plant Conversion 46
Nov 05, 2012: Florida's PSC Sets Fuel Cost Recovery Charges For Three Utilities 46
Nov 01, 2012: Florida PSC To Hold Fuel Cost Recovery Hearing For Five Power Utilities 47
Aug 22, 2012: Tampa Electric Plans To Expand Polk Power Station In Florida 47
Mar 16, 2012: Tampa Electric Seeks Additional Power Sources For 2017 47
Mar 13, 2012: Florida PSC Approves Electric Utilities's Long-Term Energy Emergency Plans 48
Nov 02, 2011: Florida PSC Sets 2012 Cost Recovery Amounts For Investor-owned Electric Utilities 48
Oct 28, 2011: Florida PSC To Hold Hearings For 2012 Fuel And Purchased Power Recovery Charges 49
Sep 01, 2011: Tampa Electric Files Projected Costs For Fuel And Other Clauses With Florida PSC 49
May 02, 2011: Tampa Electric Offers New Energy-Efficiency Programs And Increased Rebates On Existing Programs 49
Apr 21, 2011: Customers Claim $1m In Tampa Electric Rebates To Install Photovoltaic Systems 52
Apr 15, 2011: Tampa Electric To Pay Rebates For New Solar Installations 52
Jan 11, 2011: Florida PSC Orders FPL To Revise Conservation Plan 53
Dec 01, 2010: Tampa Electric Receives FPSC Approval To Expand Energy-Efficiency Programs And Incentives 53
Nov 30, 2010: Florida PSC Approves Tampa Electric's Conservation Plan 55
Aug 17, 2010: Florida PSC Approves Tampa Electric's Refund Settlement Agreement 55
Jun 15, 2010: Tampa Electric Launches Smart Solar Pilot Project Featuring Petra Solar's Sunwave Systems On Poles 55
Jun 02, 2010: Tampa Electric Completes 10-Year, $1.2 Billion Environmental Investment And Emissions Reduction Program 56
Jun 01, 2010: PSC Approves Dismissal Of Tampa Electric's Petition 56
Mar 31, 2010: Tampa Electric Files For Approval From FPSC To Expand Energy-Efficiency Programs And Incentives 56
Jun 05, 2009: Tampa Electric Files Request With FPSC To Increase Its Energy-Efficiency Efforts By 70% Over Next 10 Years 58
Apr 27, 2009: Tampa Electric completes construction of two gas-fired peaking units 58
Apr 27, 2009: Tampa Electric Announces Completion Of Construction Of Two 60 MW Gas-Fired Peaking Units In Florida 59
Sep 28, 2017: Tampa Electric expands solar power usage 59
Jan 13, 2015: SheerWind to Install 200 KW Wind Power Pilot Project for Tampa Electric 60
Oct 28, 2014: Tampa Electric Co. Chooses Intelligent Notification From MIR3 as Tool for Emergency Communications 61
Jul 31, 2014: Robins & Morton awarded construction contract for Tampa Electric’s Polk Power Station expansion project 61
Apr 15, 2013: Alstom To Supply New Steam Turbine Generator For Tampa Electric’s Polk Power Station 61
Oct 25, 2011: Comverge Announces Its Selection By Tampa Electric For Automated Residential Price Response Program 62
Feb 28, 2011: EnerNOC Extends Demand Response Contract With Tampa Electric Through 2016 62
Jul 06, 2010: Shaw Wins Contract For Development Of Warm Syngas Cleaning Technology 62
Dec 15, 2009: Tampa Electric Receives Approval For Its Contract To Purchase Solar Power Supplied By Energy 5.0 63
Mar 09, 2009: Tampa Electric To Buy Solar Power From Energy 5.0 63
May 08, 2008: TEi Construction Services Completes Construction For Tampa Electric’s Big Bend Upgrade 64
Feb 12, 2008: PWR Signs Agreement With Tampa For Five 60 MW FT8 SWIFTPAC Units 64
Appendix 65
Report Scope 65
GlobalData Coverage 65
Benchmarking 65
GlobalData’s Methodology 65
Secondary Research 65
Primary Research 66
Contact Us 66
Disclaimer 66
List of Tables
Tampa Electric Co, Key Facts 6
Tampa Electric Co, Operational Metrics, Capacity 7
Tampa Electric Co, Operational Metrics, Transmission 7
Tampa Electric Co, Operational Metrics, Distribution 7
Tampa Electric Co, Operational Metrics, Customers 7
Tampa Electric Co, Operational Metrics, Segmental Information 8
Tampa Electric Co, Operational Metrics, Sales 8
Tampa Electric Co, Solar PV Parks, United States 9
Tampa Electric Co, Biopower Plants, United States 10
Tampa Electric Co, Thermal Power Plants, United States 11
Major Products and Services 13
Tampa Electric Co, SWOT Analysis 16
Tampa Electric Co, Key Employees 18
Tampa Electric Co, Deals Summary 20
Tampa Electric to Invest USD6 Million in Tampa International Airport Solar Power Plant in Florida, US 21
Tampa Electric Raises USD250 Million in Public Offering of 4.2% Notes Due 2045 22
Tampa Electric Completes Public Offering Of 4.35% Notes Due 2044 For US$300 Million 24
Tampa Electric Completes Public Offering Of 2.6% Notes Due 2022 For US$250 Million 26
Tampa Electric Completes Public Offering Of 4.1% Notes Due 2042 For US$300 Million 27

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