Other Comprehensive Income

3 Months Ended

Mar. 31, 2016

Other Comprehensive Income

8. Other Comprehensive Income

TECO Energy reported the following OCI for the three months ended Mar. 31, 2016 and 2015 related to changes in the fair value of cash flow hedges and amortization of unrecognized benefit costs associated with the company’s postretirement plans:

Other Comprehensive Income
	Three months ended Mar. 31,
(millions)	Gross		Tax			Net
2016
Unrealized gain on cash flow hedges	$	0.0	$	0.0		$	0.0
Reclassification from AOCI to net income (1)		0.3		(0.1	)		0.2
Gain on cash flow hedges		0.3		(0.1	)		0.2
Amortization of unrecognized benefit costs (2)		0.8		(0.3	)		0.5
Total other comprehensive income	$	1.1	$	(0.4	)	$	0.7
2015
Unrealized gain on cash flow hedges	$	0.3	$	(0.2	)	$	0.1
Reclassification from AOCI to net income (1)		0.4		(0.2	)		0.2
Gain on cash flow hedges		0.7		(0.4	)		0.3
Amortization of unrecognized benefit costs (2)		0.9		(0.3	)		0.6
Total other comprehensive income	$	1.6	$	(0.7	)	$	0.9
(1)  Related to interest rate contracts recognized in Interest expense.
(2)  Related to postretirement and postemployment benefits. See Note 5 for additional information.

Accumulated Other Comprehensive Loss
(millions)	Mar. 31, 2016			Dec. 31, 2015
Unamortized pension loss and prior service credit (1)	$	(33.6	)	$	(34.2	)
Unamortized other benefit gains, prior service costs and    transition obligations (2)		25.5			25.6
Net unrealized losses from cash flow hedges (3)		(3.4	)		(3.6	)
Total accumulated other comprehensive loss	$	(11.5	)	$	(12.2	)
(1)  Net of tax benefit of $21.1 million and $21.5 million as of Mar. 31, 2016 and Dec. 31, 2015, respectively.
(2)  Net of tax expense of $16.0 million and $16.1 million as of Mar. 31, 2016 and Dec. 31, 2015, respectively.
(3)  Net of tax benefit of $2.1 million and $2.3 million as of Mar. 31, 2016 and Dec. 31, 2015, respectively.

Tampa Electric Company [Member]

Other Comprehensive Income

12. Other Comprehensive Income

Other Comprehensive Income	Three months ended Mar. 31,
(millions)	Gross		Tax			Net
2016
Unrealized gain on cash flow hedges	$	0.0	$	0.0		$	0.0
Reclassification from AOCI to net income		0.3		(0.1	)		0.2
Gain on cash flow hedges		0.3		(0.1	)		0.2
Total other comprehensive income	$	0.3	$	(0.1	)	$	0.2
2015
Unrealized gain on cash flow hedges	$	0.3	$	(0.2	)	$	0.1
Reclassification from AOCI to net income		0.4		(0.2	)		0.2
Gain on cash flow hedges		0.7		(0.4	)		0.3
Total other comprehensive income	$	0.7	$	(0.4	)	$	0.3

Accumulated Other Comprehensive Loss
(millions)	Mar. 31, 2016			Dec. 31, 2015
Net unrealized losses from cash flow hedges (1)	$	(3.4	)	$	(3.6	)
Total accumulated other comprehensive loss	$	(3.4	)	$	(3.6	)

(1) Net of tax benefit of $2.1 million and $2.3 million as of Mar. 31, 2016 and Dec. 31, 2015, respectively.