TAMPA -- TECO Energy may sell its longtime shipping business within six months to pay down debt from disastrous investments in out-of-state power plants.
The parent of Tampa Electric Co. has retained investment bank Morgan Stanley to help evaluate "strategic opportunities'' for TECO Transport, executives said Tuesday.
"This is not a decision taken lightly, as TECO Transport has a long history as a solid and profitable performer in the TECO Energy family,'' chief executive Sherrill Hudson said in a prepared statement.
(To read the rest of the story, click the following link:) www.sptimes.com/2007/02/06/Business/TECO_looks_to_unload_.shtml
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