Short-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Details of TEC’s short-term borrowings are presented in the following table:


	June 30, 2021								December 31, 2020
			Borrowings		Borrowings		Letters						Letters
	Credit		Outstanding -		Outstanding -		of Credit		Credit		Borrowings		of Credit
(millions)	Facilities		Credit Facilities ⁽¹⁾		Commercial Paper ⁽¹⁾		Outstanding		Facilities		Outstanding ⁽¹⁾		Outstanding
5-year facility ⁽²⁾	$	800		0	$	410	$	1	$	800	$	345	$	1
3-year accounts receivable facility ⁽³⁾		0		0		0		0		150		130		0
1-year term facility ⁽⁴⁾		0		0		0		0		300		300		0
Total	$	800		0	$	410	$	1	$	1,250	$	775	$	1

(1)	Borrowings outstanding are reported as notes payable.

(2)

This 5-year facility matures March 22, 2023. TEC also has an active commercial paper program for up to $800 million, of which the full amount outstanding is backed by TEC’s credit facility. The amount of commercial paper issued results in an equal amount of its credit facility being considered drawn and unavailable.

(3)	This 3-year facility matured on March 22, 2021.

(4)	This 1-year term facility was terminated on March 23, 2021.