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Revenue (Tables)
9 Months Ended
Sep. 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 September 30,

2024

 

 

2023

 

Electric revenue

 

 

 

 

 

Residential

$

471

 

 

$

567

 

Commercial

 

190

 

 

 

234

 

Industrial

 

42

 

 

 

56

 

Regulatory deferrals

 

(56

)

 

 

(137

)

Unbilled revenue

 

1

 

 

 

(8

)

Other (1)

 

76

 

 

 

83

 

Total revenue

$

724

 

 

$

795

 

 

 

 

 

 

 

Nine months ended September 30,

2024

 

 

2023

 

Electric revenue

 

 

 

 

 

Residential

$

1,160

 

 

$

1,322

 

Commercial

 

522

 

 

 

605

 

Industrial

 

124

 

 

 

152

 

Regulatory deferrals

 

(106

)

 

 

(297

)

Unbilled revenue

 

28

 

 

 

16

 

Other (1)

 

216

 

 

 

226

 

Total revenue

$

1,944

 

 

$

2,024

 

 

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