Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Maturities of Long-Term Debt

TECO Energy’s maturities and annual sinking fund requirements of long-term debt for 2013 through 2017 and thereafter are as follows:

Long-Term Debt Maturities
As of Dec. 31, 2012  (millions)	2013		2014		2015		2016		2017		Thereafter		Total Long-Term   Debt
TECO Finance		$0.0		$0.0		$191.2		$250.0		$300.0		$300.0		$1,041.2
Tampa Electric		0.0		83.3		83.3		83.4		0.0		1,452.5		1,702.5
PGS		0.0		0.0		0.0		0.0		0.0		231.7		231.7
Total long-term debt maturities		$0.0		$83.3		$274.5		$333.4		$300.0		$1,984.2		$2,975.4

Schedule of Long-Term Debt Outstanding

At Dec. 31, 2012 and 2011, TECO Energy had the following long-term debt outstanding:

Long-Term Debt  (millions) Dec. 31,		Due	2012			2011
TECO Energy	Notes (1)(2): 6.75% (effective rate of 6.9% for 2011)	2015		$0.0			$8.8
TECO Finance	Notes (1)(2)(3): 6.75% (effective rate of 6.9%)	2015		191.2			191.2
	4.0% (effective rate of 4.2%)	2016		250.0			250.0
	6.572% (effective rate of 7.3%)	2017		300.0			300.0
	5.15% (effective rate of 5.3%)	2020		300.0			300.0
Total long-term debt of TECO Finance				1,041.2			1,041.2
Tampa Electric	Installment contracts payable (4):
	5.1% Refunding bonds (effective rate of 5.6% for 2011)	2013		0.0			60.7
	5.65% Refunding bonds (effective rate of 5.9%)	2018		54.2			54.2
	Variable rate bonds repurchased in 2008 (5)	2020		0.0			0.0
	5.5% Refunding bonds (effective rate of 6.2% for 2011)	2023		0.0			86.4
	5.15% Refunding bonds (effective rate of 5.4%) (6)	2025		51.6			51.6
	1.5% Term rate bonds repurchased in 2011 (7)	2030		0.0			0.0
	5.0% Refunding bonds repurchased in 2012
	(effective rate of 5.8% for 2011) (8)	2034		0.0			86.0
	Notes (1): 6.875% (effective rate of 7.1% for 2011)	2012		0.0			99.6
	6.375% (effective rate of 7.9% for 2011)	2012		0.0			208.7
	6.25% (effective rate of 6.3%) (2)	2014-2016		250.0			250.0
	6.1% (effective rate of 6.4%)	2018		200.0			200.0
	5.4% (effective rate of 5.9%)	2021		231.7			231.7
	2.6% (effective rate of 2.7%)	2022		225.0			0.0
	6.55% (effective rate of 6.6%)	2036		250.0			250.0
	6.15% (effective rate of 6.2%)	2037		190.0			190.0
	4.1% (effective rate of 4.2%)	2042		250.0			0.0
Total long-term debt of Tampa Electric				1,702.5			1,768.9
PGS	Senior Notes (1)(2): 8.00% for 2011	2012		0.0			3.4
	Notes (1): 6.875% (effective rate of 7.1% for 2011)	2012		0.0			19.0
	6.375% (effective rate of 7.9% for 2011)	2012		0.0			44.3
	6.1% (effective rate of 7.0%)	2018		50.0			50.0
	5.4% (effective rate of 5.8%)	2021		46.7			46.7
	2.6% (effective rate of 2.7%)	2022		25.0			0.0
	6.15% (effective rate of 6.2%)	2037		60.0			60.0
	4.1% (effective rate of 4.2%)	2042		50.0			0.0
Total long-term debt of PGS				231.7			223.4
TECO Guatemala	San José Project Notes (1)(2): 3.00% Fixed rate for 2011			0.0			33.5
Total long-term debt of TECO Energy				2,975.4			3,075.8
Unamortized debt discount, net				(2.7	)		(2.4)
Total carrying amount of long-term debt				2,972.7			3,073.4
Less amount due within one year				0.0			386.1
Total long-term debt				$2,972.7			$2,687.3

(1) These securities are subject to redemption in whole or in part, at any time, at the option of the company.

(2) These long-term debt agreements contain various restrictive financial covenants.

(3) Guaranteed by TECO Energy.

(4) Tax-exempt securites.

(5) In March 2008 these bonds, which were in auction rate mode, were purchased in lieu of redemption by TEC. These held variable rate bonds have a par amount of $20.0 million due in 2020.

(6) These bonds were converted in March 2008 from an auction rate mode to a fixed rate mode for the term ending Sep. 1, 2013.

(7) In March 2011 these bonds, which were in term rate mode, were purchased in lieu of redemption by TEC. These held term rate bonds have a par amount of $75.0 million due in 2030.

(8) In March 2012 these bonds, which were in term rate mode, were purchased in lieu of redemption by TEC. These held term rate bonds have a par amount of $86.0 million due in 2034.