Short-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Short-Term Debt Credit Facilities

Credit Facilities

	December 31, 2022								December 31, 2021
			Borrowings		Borrowings		Letters				Borrowings		Borrowings		Letters
	Credit		Outstanding -		Outstanding -		of Credit		Credit		Outstanding -		Outstanding -		of Credit
(millions)	Facilities		Credit Facilities (1)		Commercial Paper (1)		Outstanding		Facilities		Credit Facilities (1)		Commercial Paper (1)		Outstanding
5-year facility (2)	$	800	$	0	$	619	$	1	$	800	$	0	$	245	$	1
1-year term facility (3)		400		400		0		0		500		500		0		0
Total	$	1,200	$	400	$	619	$	1	$	1,300	$	500	$	245	$	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 1-year term facility was set to mature on December 16, 2022. On December 13, 2022, TEC extended the maturity date to December 13, 2023.