The company has reported revenues of $896.3 million for the third quarter of 2009, compared to $926.1 million for the same quarter of 2008.

Teco Energy has reported a net income of $160.4 million, or $0.75 per share, for the first nine months of 2009, compared to $140.4 million, or $0.67 per share, for the corresponding period of 2008.

Year-to-date revenues were $2.54 billion, compared to $2.6 billion for the first nine months of 2008.

Sherrill Hudson, chairman and CEO of Teco Energy, said: "Our results this quarter reflect the restructuring actions taken to create a leaner, more nimble organization, and to position the utilities to earn their allowed returns despite the weakened Florida economy.

"Like others, we are seeing some signs in the local and national economies that the worst of the recession may be over and that economic conditions are starting to slowly improve. We expect that improving economic conditions and the benefits from our restructuring actions should lead to improved results in 2010."

A service of YellowBrix, Inc.