Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2013

A summary of the face amount or maximum theoretical obligation under TECO Energy’s letters of credit and guarantees as of Sept. 30, 2013 is as follows:


Guarantees - TECO Energy
(millions) Guarantees for the Benefit of:	2013		2014-2017		After⁽¹⁾ 2017		Total		Liabilities Recognized at Sept. 30, 2013
TECO Coal
Fuel purchase related ⁽²⁾	$	0.0	$	1.4	$	4.0	$	5.4	$	2.3
Other subsidiaries
Guaranty under sale agreement ⁽³⁾		0.0		4.9		0.0		4.9		4.9
Fuel purchase/energy management ⁽²⁾		0.0		10.0		94.3		104.3		0.4

Total	$	0.0	$	16.3	$	98.3	$	114.6	$	7.6


Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2013		2014-2017		After⁽¹⁾ 2017		Total		Liabilities Recognized at Sept. 30, 2013
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 Sept. 30, 2013. 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 of the TECO Guatemala equity interests.

Tampa Electric Company [Member]

Letters of Credit and Guarantees

A summary of the face amount or maximum theoretical obligation under TEC’s letters of credit as of Sept. 30, 2013 is as follows:


Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2013		2014-2017		After⁽¹⁾ 2017		Total		Liabilities Recognized at Sept. 30, 2013
(millions) Letters of Credit for the Benefit of:	2013		2014-2017		After⁽¹⁾ 2017		Total		Liabilities Recognized at Sept. 30, 2013
Tampa Electric ⁽²⁾	$	0.8	$	0.0	$	0.7	$	1.5	$	0.3

(1)	These letters of credit 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 Sept. 30, 2013. The obligations under these letters of credit include net accounts payable and net derivative liabilities.