XML 78 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Postretirement Benefits (Tables)
15 Months Ended
Jun. 30, 2012
Employee Postretirement Benefits

Included in the table below is the periodic expense for pension and other postretirement benefits offered by the company.

 

Pension Expense

                         
(millions)    Pension Benefits     Other Postretirement Benefits  

Three months ended June 30,

   2012     2011     2012      2011  

Components of net periodic benefit expense

         

Service cost

   $ 4.1      $ 3.8      $ 0.5       $ 0.5   

Interest cost on projected benefit obligations

     7.6        7.7        2.6         2.7   

Expected return on assets

     (8.9     (9.5     0.0         0.0   

Amortization of:

         

Transition obligation

     0.0        0.0        0.5         0.6   

Prior service (benefit) cost

     (0.1     (0.1     0.2         0.2   

Actuarial loss (gain)

     3.9        2.8        0.0         (0.1
  

 

 

   

 

 

   

 

 

    

 

 

 

Net pension expense recognized in the TECO Energy Consolidated Condensed Statements of Income

   $ 6.6      $ 4.7      $ 3.8       $ 3.9   
  

 

 

   

 

 

   

 

 

    

 

 

 

Six months ended June 30,

                         

Components of net periodic benefit expense

         

Service cost

   $ 8.5      $ 8.0      $ 1.2       $ 1.1   

Interest cost on projected benefit obligations

     15.0        15.5        5.1         5.5   

Expected return on assets

     (18.5     (19.2     0.0         0.0   

Amortization of:

         

Transition obligation

     0.0        0.0        0.9         1.2   

Prior service (benefit) cost

     (0.2     (0.2     0.4         0.4   

Actuarial loss

     7.6        5.6        0.0         0.0   
  

 

 

   

 

 

   

 

 

    

 

 

 

Net pension expense recognized in the TECO Energy Consolidated Condensed Statements of Income

   $ 12.4      $ 9.7      $ 7.6       $ 8.2