Partnership will digitize Florida’s utility regulatory information
TECO Energy and HData announced an innovative partnership to digitize utility regulatory data in Florida for the first time. The companies will work together to provide immediate access to crucial financial and operational insights in Florida for TECO Energy and other HData customers.
TECO Energy recognized the need for a more efficient and insightful approach to navigating the intricacies of energy compliance systems and business intelligence. HData emerged as a unique solution, promising to usher in a new era of data-driven decision-making and operational excellence.
HData's expertise in expanding access to and analysis of utility regulatory data presents a transformative opportunity for TECO Energy. As the only RegTech company that offers streamlined compliance and business intelligence on a unified platform for the U.S. energy industry, HData's primary mission is to digitize the interface between the regulatory and private sectors. HData brings unparalleled expertise to this partnership with a proven track record of processing millions of data points from over 3,000 utilities.
"At HData, we know that data reshapes industries and our partnership with TECO Energy combines our unmatched expertise in regulatory data with TECO Energy's visionary approach,” said Hudson Hollister, Founder and CEO of HData. “Together, we're illuminating insights to drive smarter decisions, catalyze innovation, and set a new standard for the energy compliance landscape."
The partnership will provide TECO Energy with unparalleled insights into its financial landscape and operational dynamics, enabling strategic decision-making and risk management. The infusion of HData's capabilities fosters an innovative culture within TECO Energy, encouraging the exploration of novel approaches and solutions to optimize its offerings and market positioning further.
About TECO
Tampa Electric, one of Florida’s largest investor-owned electric utilities, serves more than 830,000 customers in West Central Florida. Tampa Electric is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.