Tampa Electric Company. The Group's principal activities are to generate, purchase, transmit, distribute and sell electric energy and natural gas. The Group is a public utility operating in the state of Florida. The Group operates through its two divisions: Electric and Gas. Tampa Electric division generates, transmits and distributes electric energy and Peoples Gas system division purchases, distributes and markets natural gas. Tampa Electric has franchise agreements with 13 incorporated municipalities within its retail service area The Group caters to residential, commercial, industrial and customers for electric power generation and natural gas in the state of Florida. Electric revenue accounted for 83% of 2002 revenues and Gas revenue, 17%.