Related Party Transactions

12 Months Ended

Dec. 31, 2022

10. Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:


(millions)	2022			2021			2020
Natural gas sales to/(from) affiliates	$	(232	)	$	(236	)	$	(139	)
Services received from affiliates		4			7			6
Dividends to TECO Energy		517			450			408
Equity contributions from TECO Energy		605			580			505

Amounts due from or to affiliates at December 31,


(millions)	2022		2021
Accounts receivable related to asset management agreements to Emera Energy Services Inc. (1)	$	7	$	4
Accounts receivable excluding asset management agreements (1)		5		4
Taxes receivable (2)		10		0
Accounts payable (1)		31		35
Note payable to TECO Energy (3)		195		0
Taxes payable (2)		0		9

(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.

(3)

The note payable with TECO Energy bears interest at a rate approximating the market rate of TEC's commercial paper.

On January 1, 2023, TEC entered into an intercompany loan agreement with PGSI. See "Separation of PGS from TEC" in Note 1 for further information.