Commitments and Contingencies (Tables)

15 Months Ended

Jun. 30, 2012

Guarantees - TECO Energy
(millions)					After ⁽¹⁾				Liabilities Recognized
Guarantees for the Benefit of:	2012		2013-2016		2016		Total		at June 30, 2012
TECO Coal
Fuel purchase related ⁽²⁾	$	0.0	$	0.0	$	5.4	$	5.4	$	1.2

Other subsidiaries
Fuel purchase/energy management ⁽²⁾		0.0		10.0		95.3		105.3		2.8

Total	$	0.0	$	10.0	$	100.7	$	110.7	$	4.0


Letters of Credit - Tampa Electric Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2012		2013-2016		2016		Total		at June 30, 2012
Tampa Electric ⁽²⁾	$	0.0	$	0.0	$	0.7	$	0.7	$	0.2

(1)	These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2016.

(2)

The amounts shown are the maximum theoretical amounts guaranteed under current agreements. Liabilities recognized represent the associated obligation of TECO Energy under these agreements at June 30, 2012. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.

Tampa Electric Co [Member]

Letters Of Credit And Guarantees

Letters of Credit

A summary of the face amount or maximum theoretical obligation under TEC’s letters of credit as of June 30, 2012 are as follows:


Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2012		2013-2016		After ⁽¹⁾ 2016		Total		Liabilities Recognized at June 30, 2012
Tampa Electric ⁽²⁾	$	0.0	$	0.0	$	0.7	$	0.7	$	0.2

(1)	These letters of credit renew annually and are shown on the basis that they will continue to renew beyond 2016.

(2)

The amounts shown are the maximum theoretical amounts guaranteed under current agreements. Liabilities recognized represent the associated obligation of TEC under these agreements at June 30, 2012. The obligations under these letters of credit include net accounts payable and net derivative liabilities.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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