Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Future Minimum Lease Payments

The following is a schedule of future minimum lease payments with non-cancelable lease terms in excess of one year and capacity payments under PPAs at Dec. 31, 2012:

Future Minimum Lease and Capacity Payments
(millions)	Capacity Payments		Operating Leases		Total
Year ended Dec. 31:
2013	$	14.6	$	5.0	$	19.6
2014		14.7		4.4		19.1
2015		14.9		3.3		18.2
2016		14.6		2.4		17.0
2017		9.9		2.0		11.9
Thereafter		10.1		15.2		25.3
Total future minimum payments	$	78.8	$	32.3	$	111.1

Letters of Credit and Guarantees

A summary of the face amount or maximum theoretical obligation under TECO Energy’s letters of credit and guarantees as of Dec. 31, 2012 are as follows:

Guarantees-TECO Energy
(millions)  Guarantees for the Benefit of:	2013		2014-2017		After  (1) 2017		Total		Liabilities Recognized at Dec. 31, 2012
TECO Coal
Fuel purchase related (2)		$0.0		$0.0		$5.4		$5.4	$1.5
Other subsidiaries
Guaranty under sale agreement (3)		0.0		4.8		0.0		4.8	4.8
Fuel purchase/energy management (2)		0.0		10.0		95.3		105.3	0.9
Total		$0.0		$14.8		$100.7		$115.5	$7.2
Letters of Credit-Tampa Electric Company
(millions)  Letters of Credit for the Benefit of:	2013		2014-2017		After (1) 2017		Total		Liabilities Recognized at Dec. 31, 2012
Tampa Electric (2)		$0.8		$0.0		$0.7		$1.5	$0.3

(1) These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2017.

(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 Dec. 31, 2012. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.

(3) The liability recognized relates to an indemnification provision for an uncertain tax position at TCAE that was provided for in the purchase agreement. See Note 19 for additional information.

TAMPA ELECTRIC CO [Member]

Schedule of Future Minimum Lease Payments

The following is a schedule of future minimum lease payments with non-cancelable lease terms in excess of one year and capacity payments under PPAs at Dec. 31, 2012:

Future Minimum Lease and Capacity Payments
(millions)	Capacity     Payments		Operating     Leases		Total
Year ended Dec. 31:
2013	$	14.6	$	2.3	$	16.9
2014		14.7		2.3		17.0
2015		14.9		2.3		17.2
2016		14.6		2.3		16.9
2017		9.9		1.9		11.8
Thereafter		10.1		15.2		25.3
Total future mimimum payments	$	78.8	$	26.3	$	105.1

Letters of Credit and Guarantees

At Dec. 31, 2012, TEC was not obligated under guarantees, but had $0.7 million of letters of credit outstanding.

Letters of Credit - Tampa Electric Company
(millions)  Letters of Credit for the Benefit of:	2013		2014-2017		After (1) 2017		Total		Liabilities Recognized   at Dec. 31, 2012
Tampa Electric (2)
Letters of credit	$	0.8	$	0.0	$	0.7	$	1.5	$	0.3

 (1) These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2017.

 (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 Dec. 31, 2012. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.