Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2014

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 June 30, 2014 is as follows:

Guarantees - TECO Energy
(millions) Guarantees for the Benefit of:	2014		2015-2018		After(1) 2018		Total		Liabilities Recognized at Jun 30, 2014
TECO Coal
Fuel purchase related (2)	$	0.0	$	0.7	$	4.0	$	4.7	$	0.6
Other subsidiaries
Fuel purchase/energy management (2)		0.0		0.0		92.9		92.9		0.1
Total	$	0.0	$	0.7	$	96.9	$	97.6	$	0.7
Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2014		2015-2018		After(1) 2018		Total		Liabilities Recognized at Jun 30, 2014
Tampa Electric Company(2)	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1
Total	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1

(1) These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2018.

(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 June 30, 2014. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.

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 June 30, 2014 is as follows:

Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2014		2015-2018		After(1) 2018		Total		Liabilities Recognized at Jun 30, 2014
Tampa Electric Company (2)	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1

(1) These letters of credit renew annually and are shown on the basis that they will continue to renew beyond 2018.

(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 June 30, 2014. The obligations under these letters of credit include net accounts payable and net derivative liabilities.