Revenue (Tables)

9 Months Ended

Sep. 30, 2023

Revenue Recognition [Abstract]

Summary of Disaggregates TEC Revenue by Major Source

The following disaggregates TEC’s revenue by major source:

(millions)	Tampa									Tampa Electric
Three months ended September 30, 2023	Electric				PGS		Eliminations			Company
Electric revenue
Residential	$	567								$	567
Commercial		234									234
Industrial		56									56
Regulatory deferrals		(137	)								(137	)
Unbilled revenue		(8	)								(8	)
Other (1)		83									83
Total electric revenue		795									795
Total revenue	$	795								$	795
Three months ended September 30, 2022
Electric revenue
Residential	$	445			$	0	$	0		$	445
Commercial		194				0		0			194
Industrial		45				0		0			45
Regulatory deferrals		(11	)			0		0			(11	)
Unbilled revenue		(12	)			0		0			(12	)
Other (1)		92		`		0		(1	)		91
Total electric revenue		753				0		(1	)		752
Gas revenue
Residential		0				47		0			47
Commercial		0				46		0			46
Industrial (2)		0				7		0			7
Other (3)		0				61		(1	)		60
Total gas revenue		0				161		(1	)		160
Total revenue	$	753			$	161	$	(2	)	$	912

(millions)	Tampa								Tampa Electric
Nine months ended September 30, 2023	Electric			PGS		Eliminations			Company
Electric revenue
Residential	$	1,322							$	1,322
Commercial		605								605
Industrial		152								152
Regulatory deferrals		(297	)							(297	)
Unbilled revenue		16								16
Other (1)		226								226
Total electric revenue		2,024								2,024
Total revenue	$	2,024							$	2,024
Nine months ended September 30, 2022
Electric revenue
Residential	$	1,063		$	0	$	0		$	1,063
Commercial		501			0		0			501
Industrial		129			0		0			129
Regulatory deferrals		(17	)		0		0			(17	)
Unbilled revenue		13			0		0			13
Other (1)		237			0		(3	)		234
Total electric revenue		1,926			0		(3	)		1,923
Gas revenue
Residential		0			172		0			172
Commercial		0			151		0			151
Industrial (2)		0			22		0			22
Other (3)		0			159		(3	)		156
Total gas revenue		0			504		(3	)		501
Total revenue	$	1,926		$	504	$	(6	)	$	2,424

(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.

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