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TECO Pays Executives $809,512 In Bonuses.

Publication: Knight-Ridder Tribune Business News
Publication Date: 17-MAR-05
Format: Online - approximately 469 words
Delivery: Immediate Online Access

Article Excerpt
Byline: Will Rodgers

Mar. 17--TAMPA -- TECO Energy Inc. paid $809,512 in bonuses to five executives in 2004, a year the Tampa-based utility holding company lost about $552 million, according to its proxy statement released Wednesday.

TECO also paid Robert D. Fagan about $6.05 million after he retired as chairman and chief executive officer last year. It was under Fagan's watch that the company's current financial struggles began because...

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