Exhibit 10.2

Execution Version

AMENDMENT NO. 1

AMENDMENT NO. 1 dated as of August 1, 2014 to the Credit Agreement referred to
below, among TECO Finance, Inc., a Florida corporation (the “Borrower”), TECO
Energy, Inc., a Florida corporation (the “Company,” and, together with the
Borrower, the “Obligors”), each of the Lenders identified under the caption
“LENDERS” on the signature pages hereto and JPMorgan Chase Bank, N.A., as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”).

The Obligors, the Lenders party thereto (individually, a “Lender” and,
collectively, the “Lenders”) and the Administrative Agent are parties to a
Fourth Amended and Restated Credit Agreement dated as of December 17, 2013 (as
amended, the “Credit Agreement”).  The Obligors and the Required Lenders wish to
amend the Credit Agreement in certain respects, and accordingly, the parties
hereto hereby agree as follows:

Section 1.  Definitions.  Capitalized terms used in this Amendment No. 1 and not
otherwise defined are used herein as defined in the Credit Agreement.

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent
specified in Section 4 hereof, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

2.01.  References in the Credit Agreement (including references to the Credit
Agreement as amended hereby) to “this Agreement” (and indirect references such
as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be
references to the Credit Agreement as amended hereby.

2.02.  Section 1.1 of the Credit Agreement is hereby amended by deleting the
word “tangible” in the second line of the definition of “Consolidated
Shareholders Equity”.

Section 3.  Representations and Warranties.  Each Obligor (as to itself and its
Subsidiaries) represents and warrants to the Lenders that (a) its
representations and warranties set forth in Article IV of the Credit Agreement
are true and complete on the date hereof as if made on and as of the date hereof
and as if each reference in said Article IV to “this Agreement” included
reference to this Amendment No. 1 (unless such representation and warranty
relates solely to another time, in which event such representation or warranty
is true and correct as of such other time) and (b) no Event of Default or
Inchoate Default shall have occurred and be continuing.

Section 4.  Conditions Precedent to Effectiveness.  The amendments set forth in
Section 2 hereof shall become effective, as of the date hereof, upon receipt by
the Administrative Agent of one or more counterparts of this Amendment No. 1
executed by the Obligors and the Required Lenders.

Section 5.  Confirmation of Guarantee.  The Company hereby confirms and ratifies
all of its obligations under the Credit Facility Documents to which it is a
party, including its obligations as a guarantor under Article IX of the Credit
Agreement as amended hereby.

Section 6.  Miscellaneous.  Except as herein provided, the Credit Agreement
shall remain unchanged and in full force and effect.  This Amendment No. 1 may
be executed in any number of counterparts, all of which taken together shall
constitute one and the same agreement and any of the parties hereto may execute
this Amendment No. 1 by signing any such counterpart.  This Amendment No. 1
shall be governed by, and construed in accordance with, the law of the State of
New York.

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Section 7.  Credit Facility Document.  The execution, delivery and effectiveness
of this Amendment No. 1 shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of any Lender or the Administrative
Agent under any of the Credit Facility Documents, nor constitute a waiver of any
provision of any of the Credit Facility Documents. On and after the
effectiveness of this Amendment No. 1, this Amendment No. 1 shall for all
purposes constitute a Credit Facility Document.

[Signature pages follow]

 

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be
duly executed and delivered as of the day and year first above written.

 

TECO FINANCE, INC.

 

 

By: /s/ Kim M. Caruso

Name: Kim M. Caruso

Title:  Treasurer

 

 

TECO ENERGY, INC.

 

 

By: /s/ Kim M. Caruso

Name: Kim M. Caruso

Title:  Treasurer

 

 

 

Signature page for Amendment No. 1

 

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LENDERS

 

JPMORGAN CHASE BANK, N.A.

By:  /s/ Peter Christensen

Name: Peter Christensen

Title:  Vice President

Signature page for Amendment No. 1 (continued)

 

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CITIBANK, N.A.

 

By:  /s/ Maureen P. Maroney

Name: Maureen P. Maroney

Title:   Vice President

Signature page for Amendment No. 1 (continued)

 

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MORGAN STANLEY BANK, N.A.

 

By:  /s/ John Durland

Name: John Durland

Title:  Authorized Signatory

Signature page for Amendment No. 1 (continued)

 

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ROYAL BANK OF CANADA

 

 

By:  /s/ Rahul D. Shah

Name: Rahul D. Shah

Title:   Authorized Signatory

 

Signature page for Amendment No. 1 (continued)

 

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SUNTRUST BANK

 

 

By:  /s/ Andrew Johnson

Name: Andrew Johnson

Title:   Director

Signature page for Amendment No. 1 (continued)

 

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THE BANK OF NEW YORK MELLON

 

 

By:  /s/ Richard K. Fronapfel, Jr.  

Name: Richard K. Fronapfel, Jr.

Title:   Vice President

Signature page for Amendment No. 1 (continued)

 

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MUFG UNION BANK, N.A.

 

 

By:  /s/ John Guilds

Name: John Guilds

Title:   Director

Signature page for Amendment No. 1 (continued)

 

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WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

By:  /s/ Nick Schmiesing

Name: Nick Schmiesing

Title:   Vice President

Signature page for Amendment No. 1 (continued)

 

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FIFTH THIRD BANK, AN OHIO BANKING CORPORATION

 

 

By:  /s/ John A. Marian

Name: John A. Marian

Title:   Vice President

Signature page for Amendment No. 1 (continued)

 

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THE BANK OF NOVA SCOTIA

 

 

By:  /s/ Thane Rattew

Name: Thane Rattew

Title:    Managing Director

Signature page for Amendment No. 1 (continued)

 

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THE NORTHERN TRUST COMPANY

 

 

By:  /s/ Patrick Cowan

Name: Patrick Cowan

Title:   Senior Vice President

Signature page for Amendment No. 1 (continued)