TECO Energy Inc. is an American energy-related holding company with regulated electric and gas utilities in Florida and New Mexico.

According to the Complaint, this action arises from breaches of fiduciary duties in connection with an Agreement and Plan of Merger (the "Merger Agreement") entered into on September 4, 2015, between TECO Energy and Emera in a transaction valued at approximately $10.4 billion (the "Proposed Merger").

The Complaint alleges the Individual Defendants have breached their fiduciary duties by agreeing to the Proposed Merger which will result in grossly inadequate compensation for TECO Energy's public shareholders. As such, Plaintiff and the other public shareholders of TECO Energy common stock are entitled to enjoin the Proposed Merger or, alternatively, to recover damages in the event that the Proposed Merger is consummated.

This case was voluntarily dismissed on December 7, 2015.