News & Updates


Peoples Gas partners with PARC Group on natural gas for Nocatee

TECO Peoples Gas has agreed to provide natural gas to 12,300 homes planned for Nocatee, a new coastal community in northeast Florida.

As many as 90 percent of Nocatee’s homes are expected to use natural gas supplied by Peoples Gas, a subsidiary of TECO Energy Inc., a release said. The homes will use natural gas water heaters and appliances.

Peoples Gas President Bill Cantrell estimates that 16,600 tons of carbon dioxide emissions will be avoided annually by Nocatee, which is near Ponte Vedra Beach in St. John’s and Duval counties, by using natural gas instead of electricity.

“That’s the equivalent of the greenhouse gas emissions prevented by recycling nearly 5,200 tons of waste instead of sending it to a landfill or removing nearly 2,800 gasoline-powered passenger vehicles from our roads,” Cantrell said.

Nocatee was named the 2008 Green Community of the Year by the Florida Home Builders Association, while its developer, the PARC Group, has twice been named developer of the year.

TECO Energy (NYSE: TE) is an energy-related holding company with regulated utility operations in Florida including Tampa Electric and Peoples Gas. Other subsidiaries include TECO Coal, which owns and operates coal production facilities in Kentucky and Virginia, and TECO Guatemala, which is engaged in electric power generation and distribution and energy-related businesses.