Short-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Short-Term Debt Credit Facilities

	December 31, 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	$	245	$	1	$	800	$	345	$	1
3-year accounts receivable facility (3)		0		0		0		0		150		130		0
1-year term facility (4)		500		500		0		0		300		300		0
Total	$	1,300	$	500	$	245	$	1	$	1,250	$	775	$	1

(1)Borrowings outstanding are reported as notes payable in the Consolidated Balance Sheets.

(2)This 5-year facility matures on December 17, 2026. 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. On December 17, 2021, TEC entered into another 1-year term facility that matures on December 16, 2022.