The Florida Public Service Commission will consider at its October 9, 2007 Agenda Conference, Docket No. 070589-EI, Application of Tampa Electric Company for authority to issue and sell securities pursuant to Section 366.04, Florida Statutes, and Chapter 25-8, Florida Administrative Code. The Company seeks PSC approval pursuant to Section 366.04, Florida Statutes, to issue, sell and/or exchange equity securities and issue, sell, exchange and/or assume long-term debt securities and/or assume liabilities or obligations as guarantor, endorser, or surety in an aggregate amount not to exceed $900 million, during the twelve month period, ending December 31, 2008. The Company also seeks authority to enter into interest rates swaps or other derivative instruments related to debt securities.