Business Services Industry
Tampa, Fla., Electric Company Faces Scrutiny on Bids to Ship Coal.
Knight Ridder/Tribune Business News, July, 2003
By Will Rodgers, Tampa Tribune, Fla. Knight Ridder/Tribune Business News
Jul. 17--TAMPA, Fla.--Regulators and consumer advocates said Wednesday that a request for bids to ship coal to Tampa Electric Co. steers the business to TECO Transport, a sister company.
That raises questions about a fair bid process and whether Tampa Electric's customers, who ultimately pay the bill for the coal, are getting a fair price, regulators and advocates said.
But a company official said its request for proposals, or RFP, is more fair to potential bidders by telling them upfront what Tampa Electric requires.
Tampa Electric buys coal that is burned to generate electricity from providers ranging from the Midwest and South to overseas. Every five...
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