Full-year net income was $34.1 million, compared with $32.6 million in 2011. The 2012 results reflect customer growth of 1.2%, lower sales to residential customers due to mild winter weather more than offset by higher sales to commercial and industrial customers and power generation customers as discussed above. Non-fuel operations and maintenance expense decreased $2.1 million, compared with 2011, due in part to an insurance recovery of legal expenses associated with environmental-contamination claims. In 2011, operations and maintenance expenses included $2.5 million related to legal expenses associated with environmental-contamination claims. Interest expense decreased $1.0 million due to the reasons discussed above. Depreciation expense increased $1.4 million reflecting additions to facilities to serve customers.TECO Coal
TECO Energy Reports Fourth-Quarter Results
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