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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:

(millions)

 

2024

 

 

2023

 

 

2022

 

Natural gas purchases (net of sales) from affiliates

 

$

44

 

 

$

65

 

 

$

232

 

Services to/(from) affiliates

 

 

29

 

 

 

28

 

 

 

(4

)

Interest income from affiliate

 

 

0

 

 

 

38

 

 

 

0

 

Interest expense to affiliate

 

 

0

 

 

 

11

 

 

 

0

 

Dividends to Parent

 

 

469

 

 

 

472

 

 

 

517

 

Equity contributions from Parent

 

 

600

 

 

 

300

 

 

 

605

 

Amounts due from or to affiliates at December 31,

(millions)

 

2024

 

 

2023

 

Accounts receivable (1)

 

$

13

 

 

$

16

 

Taxes receivable (2)

 

 

0

 

 

 

3

 

Accounts payable (1)

 

 

16

 

 

 

10

 

Taxes payable (2)

 

 

2

 

 

 

0

 

(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.