Revenue

3 Months Ended

Mar. 31, 2022

Revenues [Abstract]

Revenue

10. Revenue
 

The following disaggregates TEC’s revenue by major source:

(millions)	Tampa			Tampa Electric
Three months ended March 31, 2022	Electric	PGS	Eliminations	Company

Electric revenue
Residential	$	270		$	0	$	0		$	270
Commercial		137			0		0			137
Industrial		37			0		0			37
Regulatory deferrals and unbilled revenue		3			0		0			3
Other (1)		63			0		(1	)		62
Total electric revenue		510			0		(1	)		509
Gas revenue
Residential		0			75		0			75
Commercial		0			56		0			56
Industrial (2)		0			7		0			7
Other (3)		0			45		(1	)		44
Total gas revenue		0			183		(1	)		182
Total revenue	$	510		$	183	$	(2	)	$	691
Three months ended March 31, 2021
Electric revenue
Residential	$	232		$	0	$	0		$	232
Commercial		126			0		0			126
Industrial		37			0		0			37
Regulatory deferrals and unbilled revenue		(2	)		0		0			(2	)
Other (1)		54			0		(1	)		53
Total electric revenue		447			0		(1	)		446
Gas revenue
Residential		0			67		0			67
Commercial		0			53		0			53
Industrial (2)		0			6		0			6
Other (3)		0			29		(2	)		27
Total gas revenue		0			155		(2	)		153
Total revenue	$	447		$	155	$	(3	)	$	599

(1)Other electric revenue includes sales to public authorities, off-system sales to other utilities and various other items.

(2)Industrial gas revenue includes sales to power generation customers.

(3)Other gas revenue includes off-system sales to other utilities and various other items.

Remaining Performance Obligations

Remaining performance obligations primarily represent lighting contracts and gas transportation contracts with fixed contract terms. As of March 31, 2022 and December 31, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $135 million. As allowed under ASC 606, these amounts exclude contracts with an original expected length of one year or less and variable amounts for which TEC recognizes revenue at the amount to which it has the right to invoice for services performed. TEC expects to recognize revenue for the remaining performance obligations through 2041.