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Related Party Transactions

12 Months Ended

Dec. 31, 2018

10. Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:

(millions)	2018			2017			2016
Natural gas sales to/(from) affiliates	$	(38	)	$	(4	)	$	0
Services received from affiliates		65			67			66
Dividends to TECO Energy		362			292			289
Equity contributions from TECO Energy		345			190			150

Services received from affiliates primarily include shared services provided to TEC from TSI, TECO Energy’s centralized services company subsidiary. Through TSI, TECO Energy provided TEC with specialized services at cost, including information technology, procurement, human resources, legal, risk management, financial, and administrative services. TSI’s costs are directly charged or allocated to TEC based on FPSC-approved cost-causative allocation methods or the Modified Massachusetts Formula.

Amounts due from or to affiliates at December 31,

(millions)	2018		2017
Accounts receivable ⁽¹⁾	$	3	$	2
Accounts payable ⁽¹⁾		20		19
Taxes receivable ⁽²⁾		1		3
Taxes payable ⁽²⁾		4		2

(1)	Accounts receivable and accounts payable were incurred in the ordinary course of business and do not bear interest.

(2)	Taxes receivable were due from EUSHI and taxes payable were due to EUSHI. See Note 4 for additional information.