Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Future Minimum Lease Payments

The following is a schedule of future minimum lease payments with non-cancelable lease terms in excess of one year and capacity payments under PPAs at Dec. 31, 2013:


Future Minimum Lease and Capacity Payments
(millions)	Capacity Payments		Operating Leases		Total
Year ended Dec. 31:
2014	$	14.8	$	5.0	$	19.8
2015		14.9		3.9		18.8
2016		14.6		2.6		17.2
2017		9.9		2.4		12.3
2018		10.1		2.2		12.3
Thereafter		0.0		13.4		13.4

Total future minimum payments	$	64.3	$	29.5	$	93.8

Letters of Credit and Guarantees

A summary of the face amount or maximum theoretical obligation under TECO Energy’s letters of credit and guarantees as of Dec. 31, 2013 are as follows:


Guarantees-TECO Energy
(millions)					After ⁽¹⁾				Liabilities Recognized
Guarantees for the Benefit of:	2014		2015-2018		2018		Total		at Dec. 31, 2013
TECO Coal
Fuel purchase related ⁽²⁾	$	0.8	$	0.7	$	4.0	$	5.5	$	1.5
Other subsidiaries
Guaranty under sale agreement ⁽³⁾		0.0		5.0		0.0		5.0		5.0
Fuel sales and transportation ⁽²⁾		10.0		0.0		91.8		101.8		0.1

Total	$	10.8	$	5.7	$	95.8	$	112.3	$	6.6


Letters of Credit-Tampa Electric Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2014		2015-2018		2018		Total		at Dec. 31, 2013
Tampa Electric ⁽²⁾	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1

(1)	These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2018.

(2)

The amounts shown are the maximum theoretical amounts guaranteed under current agreements. Liabilities recognized represent the associated obligation of TECO Energy under these agreements at Dec. 31, 2013. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.

(3)	The liability recognized relates to an indemnification provision for an uncertain tax position at TCAE that was provided for in the purchase agreement. See Note 19 for additional information.

Tampa Electric Company [Member]

Schedule of Future Minimum Lease Payments

The following is a schedule of future minimum lease payments with non-cancelable lease terms in excess of one year and capacity payments under PPAs at Dec. 31, 2013:


Future Minimum Lease and Capacity Payments
(millions)	Capacity Payments		Operating Leases		Total
Year ended Dec. 31:
2014	$	14.8	$	2.3	$	17.1
2015		14.9		2.3		17.2
2016		14.6		2.2		16.8
2017		9.9		2.2		12.1
2018		10.1		2.2		12.3
Thereafter		0.0		13.4		13.4

Total future minimum payments	$	64.3	$	24.6	$	88.9

Letters of Credit and Guarantees


Letters of Credit - Tampa Electric Company
(millions) Letters of Credit for the Benefit of:	2014		2015-2018		After ⁽¹⁾ 2018		Total		Liabilities Recognized at Dec. 31, 2013
Tampa Electric ⁽²⁾
Letters of credit	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1

(1)	These letters of credit renew annually and are shown on the basis that they will continue to renew beyond 2018.

(2)

The amounts shown are the maximum theoretical amounts guaranteed under current agreements. Liabilities recognized represent the associated obligation of TEC under these agreements at Dec. 31, 2013. The obligations under these letters of credit include net accounts payable and net derivative liabilities.