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Revenue (Tables)
6 Months Ended
Jun. 30, 2024
Revenue Recognition [Abstract]  
Summary of Disaggregates TEC Revenue by Major Source

The following disaggregates TEC’s revenue by major source:

 

(millions)

 

 

 

 

 

Three months ended June 30,

2024

 

 

2023

 

Electric revenue

 

 

 

 

 

Residential

$

385

 

 

$

430

 

Commercial

 

177

 

 

 

201

 

Industrial

 

42

 

 

 

50

 

Regulatory deferrals

 

(28

)

 

 

(97

)

Unbilled revenue

 

24

 

 

 

21

 

Other (1)

 

72

 

 

 

72

 

Total revenue

$

672

 

 

$

677

 

 

 

 

 

 

 

Six months ended June 30,

2024

 

 

2023

 

Electric revenue

 

 

 

 

 

Residential

$

689

 

 

$

755

 

Commercial

 

332

 

 

 

371

 

Industrial

 

82

 

 

 

96

 

Regulatory deferrals

 

(50

)

 

 

(160

)

Unbilled revenue

 

27

 

 

 

24

 

Other (1)

 

140

 

 

 

143

 

Total revenue

$

1,220

 

 

$

1,229

 

 

 

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