TE Teco Energy, Inc. (delisted)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Officers

On August 31, 2016, Robert R. Bennett, the Chief Operating Officer of TECO Energy, Inc. (the “Company) since July 1, 2016, was appointed to the position of President and Chief Executive Officer of the Company effective as of September 1, 2016. Mr. Bennett, 54, also serves as Chairman of the Board of Directors of the Company and as a Director of its wholly-owned subsidiary Tampa Electric Company. Mr. Bennett served as President and Chief Executive Officer of Emera U.S. Inc. (a wholly-owned subsidiary of Emera Inc. (“Emera”), which acquired the Company on July 1, 2016) from September 2015 to June 30, 2016, and Executive Vice President and Chief Operating Officer of Emera from January 2013 to September 2015. Prior to that, Mr. Bennett served as President and Chief Executive Officer of Nova Scotia Power Inc., a subsidiary of Emera, from June 2008 to January 2013.

Also on August 31, 2016, Gregory W. Blunden was appointed as the Company’s Senior Vice President – Finance and Accounting and Chief Financial Officer (Chief Accounting Officer) effective September 1, 2016. Mr. Blunden, 51, has served as Chief Financial Officer of Emera since March 2016. Prior to that, Mr. Blunden was Vice President, Corporate Strategy & Planning of Emera from July 2015 to February 2016, Executive Vice President, Customer, Business & Financial Services of Nova Scotia Power Inc. from January 2014 to June 2015, Vice President, Business Development of Emera from April 2012 to December 2013, and Vice President, Business Development of Bangor Hydro Electric Company (now Emera Maine, a subsidiary of Emera) from June 2009 to March 2012.

Emera is a publicly traded energy and services company based in Halifax, Nova Scotia, Canada, with operations in Canada, the United States and the Caribbean. It invests in electricity generation, transmission and distribution, and gas transmission and utility energy services. Nova Scotia Power Inc. provides 95% of the generation, transmission and distribution of electricity in Nova Scotia and serves more than 500,000 residential, commercial and industrial customers across the province. Bangor Hydro Electric Company provided electric delivery service in the State of Maine and amalgamated with Maine Public Service Co. Bangor Hydro Electric Company and Maine Public Service Co. were renamed Emera Maine effective January 2014.