Related Parties

12 Months Ended

Feb. 11, 2013

Related Parties

13. Related Parties

The company and its subsidiaries had certain transactions, in the ordinary course of business, with entities in which directors of the company had interests. The company paid legal fees of $1.3 million, $1.3 million and $1.2 million for the years ended Dec. 31, 2012, 2011 and 2010, respectively, to Ausley McMullen, P.A. of which Mr. Ausley (a director of TECO Energy) is an employee. Other transactions were not material for the years ended Dec. 31, 2012, 2011 and 2010. No material balances were payable as of Dec. 31, 2012 or 2011.

TAMPA ELECTRIC CO [Member]

Related Parties

11. Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:
(millions)	2012		2011		2010
Administrative and general, net	$	13.5	$	17.5	$	19.9
Amounts due from or to affiliates at Dec. 31,
(millions)	2012		2011
Accounts receivable (1)	$	4.6	$	0.9
Accounts payable(1)		7.8		7.9
Taxes receivable		22.1		14.6
Taxes payable		3.2		0.1

 (1) Accounts receivable and accounts payable were incurred in the ordinary course of business and do not bear interest.

TEC had certain transactions, in the ordinary course of business, with entities in which directors of TEC had interests. TEC paid legal fees of $1.2 million, $1.3 million and $1.2 million for the years ended Dec. 31, 2012, 2011 and 2010, respectively, to Ausley McMullen, P.A. of which Mr. Ausley (a director of TEC) is an employee.