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   CUSIP NO. 872375100                           13G                            Page 1 of 14

 

 

                                         UNITED STATES

                              SECURITIES AND EXCHANGE COMMISSION

                                    Washington, D.C. 20549

 

                                       SCHEDULE 13G

 

                         Under the Securities Exchange Act of 1934

                                    (Amendment No. 8)*

 

                                     TECO ENERGY, INC.

                                     (Name of Issuer)

 

                               Common Stock, $1.00 par value

                              (Title of Class of Securities)

 

                                         872375100 

                                      (CUSIP Number)

 

                                     December 31, 2011

 

                  (Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  [X] Rule 13d‑1(b)

  [ ] Rule 13d‑1(c)

  [ ] Rule 13d‑1(d)

 

  *The remainder of this cover page shall be filled out for a reporting person's initial

  filing on this form with respect to the subject class of securities, and for any

  subsequent amendment containing information which would alter the disclosures provided in

  a prior cover page.

 

  The information required in the remainder of this cover page shall not be deemed to be

  "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or

  otherwise subject to the liabilities of that section of the Act but shall be subject to

  all other provisions of the Act (however, see the Notes).

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 2 of 14

 

 

     1.    NAMES OF REPORTING PERSONS.    

 

           Franklin Resources, Inc.

 

     2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

           (a) 

           (b)    X

 

     3.    SEC USE ONLY

 

     4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

           Delaware 

 

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

           5.    SOLE VOTING POWER

 

                 (See Item 4)

 

           6.    SHARED VOTING POWER

 

                 (See Item 4)

 

           7.    SOLE DISPOSITIVE POWER

 

                 (See Item 4)

 

           8.    SHARED DISPOSITIVE POWER

 

                 (See Item 4)

 

     9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            15,178,020 

 

     10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

           CERTAIN SHARES [ ]

 

     11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

           7.0% 

 

     12.   TYPE OF REPORTING PERSON

 

           HC, CO (See Item 4)

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 3 of 14

 

 

     1.    NAMES OF REPORTING PERSONS.    

 

           Charles B. Johnson

 

     2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

           (a) 

           (b)    X

 

     3.    SEC USE ONLY

 

     4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

           USA 

 

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

           5.    SOLE VOTING POWER

 

                 (See Item 4)

 

           6.    SHARED VOTING POWER

 

                 (See Item 4)

 

           7.    SOLE DISPOSITIVE POWER

 

                 (See Item 4)

 

           8.    SHARED DISPOSITIVE POWER

 

                 (See Item 4)

 

     9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            

            15,178,020 

 

     10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

           CERTAIN SHARES [ ]

 

     11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

           7.0% 

 

     12.   TYPE OF REPORTING PERSON

 

           HC, IN (See Item 4)

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 4 of 14

 

 

     1.    NAMES OF REPORTING PERSONS.    

 

           Rupert H. Johnson, Jr.

 

     2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

           (a) 

           (b)    X

 

     3.    SEC USE ONLY

 

     4.    CITIZENSHIP OR PLACE OF ORGANIZATION

 

           USA 

 

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

           5.    SOLE VOTING POWER

 

                 (See Item 4)

 

           6.    SHARED VOTING POWER

 

                 (See Item 4)

 

           7.    SOLE DISPOSITIVE POWER

 

                 (See Item 4)

 

           8.    SHARED DISPOSITIVE POWER

 

                 (See Item 4)

 

     9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            

            15,178,020 

 

     10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

           CERTAIN SHARES [ ]

 

     11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

           7.0% 

 

     12.   TYPE OF REPORTING PERSON

 

           HC, IN (See Item 4)

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 5 of 14

 

 

     1.     NAMES OF REPORTING PERSONS.    

 

            Franklin Advisers, Inc.

 

     2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

            (a) 

            (b)   X

     3.     SEC USE ONLY

 

     4.     CITIZENSHIP OR PLACE OF ORGANIZATION

 

            California 

 

         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

           5.    SOLE VOTING POWER

 

                 14,933,650  

 

           6.    SHARED VOTING POWER

 

                   0  

 

           7.    SOLE DISPOSITIVE POWER

 

                 15,095,650  

 

           8.    SHARED DISPOSITIVE POWER

 

                   0  

 

     9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

             15,095,650 

 

     10.    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

            CERTAIN SHARES [ ]

 

     11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

            7.0% 

 

     12.    TYPE OF REPORTING PERSON

 

            IA, CO (See Item 4)

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 6 of 14

 

 

     Item 1.

 

     (a)   Name of Issuer

 

           TECO ENERGY, INC.

 

     (b)   Address of Issuer's Principal Executive Offices

 

           TECO Plaza

           702 N. Franklin Street

           Tampa, FL  33602

            

     Item 2.

 

     (a)   Name of Person Filing

 

           (i):   Franklin Resources, Inc.

 

           (ii):  Charles B. Johnson

 

           (iii): Rupert H. Johnson, Jr.

 

           (iv):  Franklin Advisers, Inc.

 

     (b)   Address of Principal Business Office or, if none, Residence

 

           (i), (ii), and (iii):

           One Franklin Parkway

           San Mateo, CA 94403‑1906

 

           (iv): One Franklin Parkway

                 San Mateo, CA  94403‑1906

 

     (c)   Citizenship

 

           (i): Delaware

           (ii) and (iii): USA

           (iv): California

 

     (d)   Title of Class of Securities

 

           Common Stock, $1.00 par value

 

     (e)   CUSIP Number

 

           872375100 

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 7 of 14

 

 

     Item 3.      If this statement is filed pursuant to §§240.13d‑1(b) or 240.13d‑2(b) or (c),

             check whether the person filing is a:

            (a)   [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

            (b)   [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

            (c)   [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.

                   78c). 

            (d)   [ ] Investment company registered under section 8 of the Investment Company

                   Act of 1940 (15 U.S.C 80a‑8).

            (e)   [X] An investment adviser in accordance with §240.13d‑1(b)(1)(ii)(E);

            (f)   [ ] An employee benefit plan or endowment fund in accordance with

                   §240.13d‑1(b)(1)(ii)(F); 

            (g)   [X] A parent holding company or control person in accordance with

                   §240.13d‑1(b)(1)(ii)(G); 

            (h)   [ ] A savings associations as defined in Section 3(b) of the Federal Deposit

                   Insurance Act (12 U.S.C. 1813);

            (i)   [ ] A church plan that is excluded from the definition of an investment

                   company under section 3(c)(14) of the Investment Company Act of 1940 (15

                   U.S.C. 80a‑3);

            (j)   [ ] A non‑U.S. institution in accordance with §240.13d‑1(b)(ii)(J);

            (k)   [ ] Group, in accordance with §240.13d 1(b)(1)(ii)(K).

 

       If filing as a non‑U.S. institution in accordance with §240.13d‑1(b)(1)(ii)(J), please

       specify the type of institution:

 

     Item 4.   Ownership

 

     The securities reported herein (the “Securities”) are beneficially owned by one or

     more open‑ or closed‑end investment companies or other managed accounts that are

     investment management clients of investment managers that are direct and indirect

     subsidiaries (each, an “Investment Management Subsidiary” and, collectively, the

     “Investment Management Subsidiaries”) of Franklin Resources, Inc. (“FRI”), including

     the Investment Management Subsidiaries listed in Item 7.  Investment management

     contracts grant to the Investment Management Subsidiaries all investment and/or

     voting power over the securities owned by such investment management clients, unless

     otherwise noted in this Item 4.  Therefore, for purposes of Rule 13d‑3 under the Act,

     the Investment Management Subsidiaries may be deemed to be the beneficial owners of

     the Securities.

 

     Beneficial ownership by Investment Management Subsidiaries and other affiliates of

     FRI is being reported in conformity with the guidelines articulated by the SEC staff

     in Release No. 34‑39538 (January 12, 1998) relating to organizations, such as FRI,

     where related entities exercise voting and investment powers over the securities

     being reported independently from each other.  The voting and investment powers held

     by Franklin Mutual Advisers, LLC (“FMA”), an indirect wholly‑owned Investment

     Management Subsidiary, are exercised independently from FRI and from all other

     Investment Management Subsidiaries (FRI, its affiliates and the Investment Management

     Subsidiaries other than FMA are collectively, “FRI affiliates”).  Furthermore,

     internal policies and procedures of FMA and FRI establish informational barriers that

     prevent the flow between FMA and the FRI affiliates of information that relates to

     the voting and investment powers over the securities owned by their respective

     investment management clients.  Consequently, FMA and the FRI affiliates report the

     securities over which they hold investment and voting power separately from each

     other for purposes of Section 13 of the Act.

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 8 of 14

 

 

    Charles B. Johnson and Rupert H. Johnson, Jr. (the “Principal Shareholders”) each own

    in excess of 10% of the outstanding common stock of FRI and are the principal

    stockholders of FRI.  FRI and the Principal Shareholders may be deemed to be, for

    purposes of Rule 13d‑3 under the Act, the beneficial owners of securities held by

    persons and entities for whom or for which FRI subsidiaries provide investment

    management services.  The number of shares that may be deemed to be beneficially

    owned and the percentage of the class of which such shares are a part are reported in

    Items 9 and 11 of the cover pages for FRI and each of the Principal Shareholders. 

    FRI, the Principal Shareholders and each of the Investment Management Subsidiaries

    disclaim any pecuniary interest in any of the Securities.  In addition, the filing of

    this Schedule 13G on behalf of the Principal Shareholders, FRI and FRI affiliates, as

    applicable, should not be construed as an admission that any of them is, and each of

    them disclaims that it is, the beneficial owner, as defined in Rule 13d‑3, of any of

    the Securities.

 

    FRI, the Principal Shareholders, and each of the Investment Management Subsidiaries

    believe that they are not a “group” within the meaning of Rule 13d‑5 under the Act

    and that they are not otherwise required to attribute to each other the beneficial

    ownership of the Securities held by any of them or by any persons or entities for

    whom or for which the Investment Management Subsidiaries provide investment

    management services.

 

                     

(a) Amount beneficially owned:

 

 

 

 

15,178,020

 

 

 

 

(b) Percent of class:

 

 

 

 

7.0%

 

 

 

 

(c) Number of shares as to which the person has:

 

 

 

 

(i)

Sole power to vote or to direct the vote

 

 

 

 

Franklin Resources, Inc.:

0

 

 

 

Charles B. Johnson:

0

 

 

 

Rupert H. Johnson, Jr.:

0

 

 

 

Franklin Advisers, Inc.:

14,933,650

 

 

 

Fiduciary Trust Company International:

82,370

 

 

 

(ii)

Shared power to vote or to direct the vote

0

 

 

 

(iii)

Sole power to dispose or to direct the disposition of

 

 

 

 

Franklin Resources, Inc.:

0

 

 

 

Charles B. Johnson:

0

 

 

 

Rupert H. Johnson, Jr.:

0

 

 

 

 

Franklin Advisers, Inc.:

15,095,650

 

 

 

 

Fiduciary Trust Company International:

82,370

 

 

 

(iv)

Shared power to dispose or to direct the disposition of

0

                 

 


 

 

   CUSIP NO. 872375100                           13G                            Page 9 of 14

 

                          

 

     Item 5.  Ownership of Five Percent or Less of a Class

 

              If this statement is being filed to report the fact that as of the date

              hereof the reporting person has ceased to be the beneficial owner of more

              than five percent of the class of securities, check the following [ ].

 

     Item 6.  Ownership of More than Five Percent on Behalf of Another Person

 

              The clients of the Investment Management Subsidiaries, including investment

              companies registered under the Investment Company Act of 1940 and other

              managed accounts, have the right to receive or power to direct the receipt of

              dividends from, and the proceeds from the sale of, the Securities. 

 

 

     Item 7.  Identification and Classification of the Subsidiary Which Acquired the

              Security Being Reported on By the Parent Holding Company

 

              See Attached Exhibit C

 

     Item 8.  Identification and Classification of Members of the Group

 

              Not Applicable

 

     Item 9.  Notice of Dissolution of Group

 

              Not Applicable

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 10 of 14

 

     Item 10.     Certification

 

     By signing below I certify that, to the best of my knowledge and belief, the

     securities referred to above were acquired and are held in the ordinary course of

     business and were not acquired and are not held for the purpose of or with the effect

     of changing or influencing the control of the issuer of the securities and were not

     acquired and are not held in connection with or as a participant in any transaction

     having that purpose or effect.

 

      Exhibits 

              Exhibit A Joint Filing Agreement

              Exhibit B Limited Powers of Attorney for Section 13 Reporting Obligations

              Exhibit C Item 7 Identification and Classification of Subsidiaries

 

                                         SIGNATURE 

 

     After reasonable inquiry and to the best of my knowledge and belief, I certify that

     the information set forth in this statement is true, complete and correct.

 

     Dated:  February  , 2012

 

     Franklin Resources, Inc.

 

     Charles B. Johnson

 

     Rupert H. Johnson, Jr.

 

     Franklin Advisers, Inc.

 

             

      

 

 

      By:    /s/ MARIA GRAY

            ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ 

            Maria Gray

            Secretary of Franklin Resources, Inc.

 

            Attorney‑in‑Fact for Charles B. Johnson pursuant to Power of Attorney

            attached to this Schedule 13G

 

            Attorney‑in‑Fact for Rupert H. Johnson, Jr. pursuant to Power of Attorney

            attached to this Schedule 13G

 

            Secretary of Franklin Advisers, Inc.

 

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 11 of 14

 

     EXHIBIT A

 

     JOINT FILING AGREEMENT

 

     In accordance with Rule 13d‑1(k) under the Securities Exchange Act of 1934, as

     amended, the undersigned hereby agree to the joint filing with each other of the

     attached statement on Schedule 13G and to all amendments to such statement and that

     such statement and all amendments to such statement are made on behalf of each of

     them. 

 

     IN WITNESS WHEREOF, the undersigned have executed this agreement on

     February  , 2012.

 

     Franklin Resources, Inc.

 

     Charles B. Johnson

 

     Rupert H. Johnson, Jr.

 

     Franklin Advisers, Inc.

 

             

      

 

 

      By:    /s/ MARIA GRAY  

            ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ 

            Maria Gray

            Secretary of Franklin Resources, Inc.

 

            Attorney‑in‑Fact for Charles B. Johnson pursuant to Power of Attorney

            attached to this Schedule 13G

 

            Attorney‑in‑Fact for Rupert H. Johnson, Jr. pursuant to Power of Attorney

            attached to this Schedule 13G

 

            Secretary of Franklin Advisers, Inc.

 

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 12 of 14

 

 

     EXHIBIT B

 

                                   LIMITED POWER OF ATTORNEY

                                              FOR 

                                SECTION 13 REPORTING OBLIGATIONS

 

              Know all by these presents, that the undersigned hereby makes, constitutes

     and appoints each of Robert Rosselot and Maria Gray, each acting individually, as the

     undersigned’s true and lawful attorney‑in‑fact, with full power and authority as

     hereinafter described on behalf of and in the name, place and stead of the

     undersigned to:

 

     (1)     prepare, execute, acknowledge, deliver and file Schedules 13D and 13G

     (including any amendments thereto or any related documentation) with the United

     States Securities and Exchange Commission, any national securities exchanges and

     Franklin Resources, Inc., a Delaware corporation (the “Reporting Entity”), as

     considered necessary or advisable under Section 13 of the Securities Exchange Act of

     1934 and the rules and regulations promulgated thereunder, as amended from time to

     time (the “Exchange Act”); and

 

     (2)     perform any and all other acts which in the discretion of such

     attorney‑in‑fact are necessary or desirable for and on behalf of the undersigned in

     connection with the foregoing.

 

              The undersigned acknowledges that:

 

     (1)   this Limited Power of Attorney authorizes, but does not require, each such

     attorney‑in‑fact to act in their discretion on information provided to such

     attorney‑in‑fact without independent verification of such information;

     (2)   any documents prepared and/or executed by either such attorney‑in‑fact on

     behalf of the undersigned pursuant to this Limited Power of Attorney will be in such

     form and will contain such information and disclosure as such attorney‑in‑fact, in

     his or her discretion, deems necessary or desirable;

     (3)   neither the Reporting Entity nor either of such attorneys‑in‑fact assumes (i)

     any liability for the undersigned’s responsibility to comply with the requirements of

     the Exchange Act or (ii) any liability of the undersigned for any failure to comply

     with such requirements; and

     (4)   this Limited Power of Attorney does not relieve the undersigned from

     responsibility for compliance with the undersigned’s obligations under the Exchange

     Act, including without limitation the reporting requirements under Section 13 of the

     Exchange Act.

        The undersigned hereby gives and grants each of the foregoing attorneys‑in‑fact

     full power and authority to do and perform all and every act and thing whatsoever

     requisite, necessary or appropriate to be done in and about the foregoing matters as

     fully to all intents and purposes as the undersigned might or could do if present,

     hereby ratifying all that each such attorney‑in‑fact of, for and on behalf of the

     undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of

     Attorney. 

 

        This Limited Power of Attorney shall remain in full force and effect until revoked

     by the undersigned in a signed writing delivered to each such attorney‑in‑fact.

 

     IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be

     executed as of this      30th      day of          April        , 2007

 

                                                               /s/Charles B. Johnson

                                                               Signature 

 

                                                               Charles B. Johnson

                                                               Print Name

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 13 of 14

 

 

                                   LIMITED POWER OF ATTORNEY

                                              FOR 

                                SECTION 13 REPORTING OBLIGATIONS

 

              Know all by these presents, that the undersigned hereby makes, constitutes

     and appoints each of Robert Rosselot and Maria Gray, each acting individually, as the

     undersigned’s true and lawful attorney‑in‑fact, with full power and authority as

     hereinafter described on behalf of and in the name, place and stead of the

     undersigned to:

 

     (1)     prepare, execute, acknowledge, deliver and file Schedules 13D and 13G

     (including any amendments thereto or any related documentation) with the United

     States Securities and Exchange Commission, any national securities exchanges and

     Franklin Resources, Inc., a Delaware corporation (the “Reporting Entity”), as

     considered necessary or advisable under Section 13 of the Securities Exchange Act of

     1934 and the rules and regulations promulgated thereunder, as amended from time to

     time (the “Exchange Act”); and

 

     (2)     perform any and all other acts which in the discretion of such

     attorney‑in‑fact are necessary or desirable for and on behalf of the undersigned in

     connection with the foregoing.

 

              The undersigned acknowledges that:

 

     (1)   this Limited Power of Attorney authorizes, but does not require, each such

     attorney‑in‑fact to act in their discretion on information provided to such

     attorney‑in‑fact without independent verification of such information;

     (2)   any documents prepared and/or executed by either such attorney‑in‑fact on

     behalf of the undersigned pursuant to this Limited Power of Attorney will be in such

     form and will contain such information and disclosure as such attorney‑in‑fact, in

     his or her discretion, deems necessary or desirable;

     (3)   neither the Reporting Entity nor either of such attorneys‑in‑fact assumes (i)

     any liability for the undersigned’s responsibility to comply with the requirements of

     the Exchange Act or (ii) any liability of the undersigned for any failure to comply

     with such requirements; and

     (4)   this Limited Power of Attorney does not relieve the undersigned from

     responsibility for compliance with the undersigned’s obligations under the Exchange

     Act, including without limitation the reporting requirements under Section 13 of the

     Exchange Act.

 

        The undersigned hereby gives and grants each of the foregoing attorneys‑in‑fact

     full power and authority to do and perform all and every act and thing whatsoever

     requisite, necessary or appropriate to be done in and about the foregoing matters as

     fully to all intents and purposes as the undersigned might or could do if present,

     hereby ratifying all that each such attorney‑in‑fact of, for and on behalf of the

     undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of

     Attorney. 

 

        This Limited Power of Attorney shall remain in full force and effect until revoked

     by the undersigned in a signed writing delivered to each such attorney‑in‑fact.

 

     IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be

     executed as of this         25th         day of      April         , 2007

 

                                                            /s/ Rupert H. Johnson, Jr.

                                                            Signature 

 

                                                            Rupert H. Johnson, Jr.

                                                            Print Name

 


 

 

 

   CUSIP NO. 872375100                           13G                            Page 14 of 14

 

     EXHIBIT C

 

     Franklin Advisers, Inc.                                     Item 3 Classification: 3(e)

 

     Fiduciary Trust Company International                       Item 3 Classification: 3(b)