The annual incentive plan was approved by the company’s board of directors in January, subject to the receipt of shareholder approval.

The incentive allows payments of performance-based annual incentive compensations to TECO employees.

At the 2014 annual meeting of shareholders, the corporation’s shareholders also approved the performance criteria under the corporation’s 2010 equity incentive plan.

The shareholders elected all of the company’s nominees for director, namely Paul Whiting, William Rockford, Tom Rankin, John Ramil, Evelyn Follit and James Ferman Jr.

They also ratified the appointment of PricewaterhouseCoopers as the company’s independent auditor for 2014.

On an advisory basis shareholders approved the compensation of the corporation's named executive officers and approved the material terms of payment of performance-based compensation under the corporation's annual incentive plan.

Shareholders voted against the shareholder proposal regarding the political contributions policy and report.