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Employee Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost

Included in the table below is the periodic expense for pension and other postretirement benefits offered by the company.

 

Pension Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(millions)

Pension Benefits

 

 

Other Postretirement Benefits

 

Three months ended Sep 30,

2014

 

 

2013

 

 

2014

 

 

2013

 

Components of net periodic benefit expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

4.6

 

 

$

4.5

 

 

$

0.6

 

 

$

0.7

 

Interest cost on projected benefit obligations

 

8.0

 

 

 

7.3

 

 

 

2.7

 

 

 

2.3

 

Expected return on assets

 

(10.5

)

 

 

(9.6

)

 

 

(0.1

)

 

 

0.0

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (benefit) cost

 

(0.1

)

 

 

(0.1

)

 

 

0.0

 

 

 

(0.1

)

Actuarial loss

 

3.3

 

 

 

5.1

 

 

 

0.0

 

 

 

0.2

 

Regulatory asset

 

0.0

 

 

 

0.0

 

 

 

0.1

 

 

 

0.0

 

Settlement cost

 

0.0

 

 

 

1.0

 

 

 

0.0

 

 

 

0.0

 

Net pension expense recognized in the

   TECO Energy Consolidated Condensed Statements of Income

$

5.3

 

 

$

8.2

 

 

$

3.3

 

 

$

3.1

 

Nine months ended Sep 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

12.9

 

 

$

13.6

 

 

$

1.8

 

 

$

1.9

 

Interest cost on projected benefit obligations

 

24.4

 

 

 

21.7

 

 

 

7.9

 

 

 

7.0

 

Expected return on assets

 

(31.2

)

 

 

(28.8

)

 

 

(0.1

)

 

 

0.0

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (benefit) cost

 

(0.3

)

 

 

(0.3

)

 

 

(0.1

)

 

 

(0.3

)

Actuarial loss

 

10.0

 

 

 

15.4

 

 

 

0.1

 

 

 

0.7

 

Regulatory asset

 

0.0

 

 

 

0.0

 

 

 

0.1

 

 

 

0.0

 

Settlement cost

 

0.0

 

 

 

1.0

 

 

 

0.0

 

 

 

0.0

 

Net pension expense recognized in the

   TECO Energy Consolidated Condensed Statements of Income

$

15.8

 

 

$

22.6

 

 

$

9.7

 

 

$

9.3