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Common Stock (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Assumptions Used to Determine Fair Value

Assumptions	2012		2011		2010

Assumptions applicable to performance-based restricted stock
Risk-free interest rate		0.38%		0.96%		1.37%
Expected lives (in years)		3		3		3
Expected stock volatility		20.99%		34.61%		35.83%
Dividend yield		4.78%		4.48%		4.90%

Schedule of Additional Information on Compensation Costs and Income Tax Benefits and Excess Tax Benefits Related to Stock-Based Compensation Awards

The following table provides additional information on compensation costs and income tax benefits and excess tax benefits related to the stock-based compensation awards.


(millions)	2012		2011		2010

Compensation costs ⁽¹⁾	$	12.0	$	9.1	$	7.4

Income tax benefits ⁽¹⁾		4.6		3.5		2.9

Excess tax benefits ⁽²⁾		2.6		1.7		0.8

(1) Reflected on the Consolidated Statements of Income.
(2) Reflected as financing activities on the Consolidated Statements of Cash Flows.

Summary of Non-Vested Shares of Restricted Stock for 2010 Plan

A summary of non-vested shares of restricted stock for the 2010 Plan is shown as follows:


Nonvested Restricted Stock

	Time-Based Restricted Stock ⁽¹⁾					Performance-Based Restricted Stock ⁽¹⁾
	Number of Shares (thousands)			Weighted - Avg. Grant Date Fair Value (per share)		Number of Shares (thousands)			Weighted- Avg. Grant Date Fair Value (per share)

Nonvested balance at Dec. 31, 2011		579		$	15.68		1,357		$	15.29
Granted		270			17.98		722			15.21
Vested		(250	)		12.50		(572	)		10.33
Forfeited		(7	)		18.16		(17	)		17.11

Nonvested balance at Dec. 31, 2012		592		$	18.04		1,490		$	17.13
(1) The weighted-average remaining contractual term of restricted stock is two years.

Summary of Stock Option Transactions during 2012 under 2010 Plan

Stock option transactions during 2012 under the 2010 Plan are summarized as follows:



	Number of Shares (thousands)			Weighted-Avg. Option Price (per share)		Weighted-Avg. Remaining Contractual Term (years)		Aggregate Intrinsic Value (millions)

Outstanding balance at Dec. 31, 2011		3,529			$20.01
Granted		0			0.00
Exercised		(78	)		13.52
Cancelled		(1,364	)		27.97

Outstanding balance at Dec. 31, 2012 ⁽¹⁾		2,087			$15.05		2		$3.6
Exercisable at Dec. 31, 2012 ⁽¹⁾		2,087			$15.05		2		$3.6
Available for future grant at Dec. 31, 2012		2,978
(1) Option prices range from $11.09 to $19.01 per share.

Schedule of Option Outstanding and Exercisable under 2010

As of Dec. 31, 2012, the options outstanding and exercisable under the 2010 Plan are summarized below:


Range of Option Prices (per share)	Option Shares (thousands)		Weighted-Avg. Option Price (per share)	Weighted-Avg. Remaining Contractual Life

$11.09 - $13.64		750	$12.80	1 Years
$16.21 - $19.01		1,337	$16.32	3 Years

Total		2,087	$15.05	2 Years

Schedule Of Company Equity Method Investments

TEC is a wholly-owned subsidiary of TECO Energy, Inc.



	Common Stock				Issue
(millions, except shares)	Shares		Amount		Expense		Total

Balance Dec. 31, 2012⁽¹⁾		10	$	1,970.4		$0.0	$	1,970.4
Balance Dec. 31, 2011		10	$	1,852.4		$ 0.0	$	1,852.4

(1)	TECO Energy, Inc. made equity contributions to TEC of $118.0 million in 2012.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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