Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

A summary of the face amount or maximum theoretical obligation and the year of expiration under letters of credit and guarantees as of Sept. 30, 2014 is as follows:

Guarantees - TECO Energy
(millions)	Year of expiration						Maximum
					After ⁽¹⁾		Theoretical		Liabilities Recognized
Guarantees for the Benefit of:	2014		2015-2018		2018		Obligation		at Sep 30, 2014 ⁽²⁾
TECO Coal
Fuel purchase related	$	0.0	$	0.7	$	4.0	$	4.7	$	0.0
Other subsidiaries
Fuel purchase/energy management		0.0		0.0		92.9		92.9		0.1
Total	$	0.0	$	0.7	$	96.9	$	97.6	$	0.1

Letters of Credit - Tampa Electric Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2014		2015-2018		2018		Total		at Sep 30, 2014 ⁽²⁾
Tampa Electric Company	$	0.0	$	0.0	$	0.7	$	0.7	$	0.1

Letters of Credit - New Mexico Gas Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2014		2015-2018		2018		Total		at Sep 30, 2014 ⁽²⁾
New Mexico Gas Company	$	0.0	$	0.0	$	1.7	$	1.7	$	1.3

(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 or TEC or NMGC under these agreements at Sept. 30, 2014. The obligations under these letters of credit and guarantees include net accounts payable and net derivative liabilities.

Tampa Electric Company [Member]

Letters of Credit and Guarantees

A summary of the face amount or maximum theoretical obligation under TEC’s letters of credit as of Sept. 30, 2014 is as follows:

Letters of Credit - Tampa Electric Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2014		2015-2018		2018		Total		at Sep 30, 2014
Tampa Electric Company ⁽²⁾	$	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 Sept. 30, 2014. The obligations under these letters of credit include net accounts payable and net derivative liabilities.