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Employee Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost

Included in the table below is the periodic expense for pension and other postretirement benefits offered by the company.

 

Pension Expense

                        
(millions)    Pension Benefits     Other Postretirement Benefits  

Three months ended Jun 30,

   2014     2013     2014     2013  

Components of net periodic benefit expense

        

Service cost

   $ 4.2      $ 4.3      $ 0.6      $ 0.5   

Interest cost on projected benefit obligations

     8.2        7.2        2.6        2.4   

Expected return on assets

     (10.4     (9.5     0.0        0.0   

Amortization of:

        

Prior service (benefit) cost

     (0.1     (0.1     (0.1     (0.1

Actuarial loss

     3.5        5.3        0.1        0.2   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense recognized in the

        

TECO Energy Consolidated Condensed Statements of Income

   $ 5.4      $ 7.2      $ 3.2      $ 3.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Six months ended Jun 30,

                        

Components of net periodic benefit expense

        

Service cost

   $ 8.3      $ 9.1      $ 1.2      $ 1.2   

Interest cost on projected benefit obligations

     16.4        14.4        5.2        4.7   

Expected return on assets

     (20.7     (19.2     0.0        0.0   

Amortization of:

        

Prior service (benefit) cost

     (0.2     (0.2     (0.1     (0.2

Actuarial loss

     6.7        10.3        0.1        0.5   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense recognized in the

        

TECO Energy Consolidated Condensed Statements of Income

   $ 10.5      $ 14.4      $ 6.4      $ 6.2