Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

TECO Energy is an electric and gas utility holding company with diversified activities. Segments are determined based on how management evaluates, measures and makes decisions with respect to the operations of the entity. The management of TECO Energy reports segments based on each subsidiary’s contribution of revenues, net income and total assets as required by the accounting guidance for disclosures about segments of an enterprise and related information. All significant intercompany transactions are eliminated in the Consolidated Condensed Financial Statements of TECO Energy, but are included in determining reportable segments.

Segment Information ⁽¹⁾
(millions)	Tampa		Peoples		New Mexico			TECO			Other &			TECO
Three months ended Sep 30,	Electric		Gas		Gas Co. ⁽²⁾			Coal ⁽¹⁾			Eliminations ⁽²⁾			Energy
2014
Revenues - external	$	581.5	$	86.9	$	16.2		$	0.0		$	2.6		$	687.2
Sales to affiliates		0.3		0.0		0.0			0.0			(0.3	)		0.0
Total revenues		581.8		86.9		16.2			0.0			2.3			687.2
Depreciation and amortization		61.8		13.6		2.8			0.0			0.4			78.6
Total interest charges		23.8		3.5		1.1			0.0			14.5			42.9
Provision (benefit) for income taxes		48.5		3.0		(0.5	)		0.0			(17.3	)		33.7
Net income (loss) from continuing operations		79.7		4.8		(0.9	)		0.0			(10.6	)		73.0
Income from discontinued operations, net ⁽¹⁾		0.0		0.0		0.0			(64.8	)		2.9			(61.9	)
Net income (loss)	$	79.7	$	4.8	$	(0.9	)	$	(64.8	)	$	(7.7	)	$	11.1
2013
Revenues - external	$	556.2	$	83.1	$	0.0		$	0.0		$	2.8		$	642.1
Sales to affiliates		0.2		0.3		0.0			0.0			(0.5	)		0.0
Total revenues		556.4		83.4		0.0			0.0			2.3			642.1
Depreciation and amortization		62.2		13.4		0.0			0.0			0.5			76.1
Total interest charges		22.8		3.4		0.0			0.0			13.7			39.9
Provision (benefit) for income taxes		42.7		3.4		0.0			0.0			(7.2	)		38.9
Net income (loss) from continuing operations		68.7		5.4		0.0			0.0			(9.8	)		64.3
Income from discontinued operations, net ⁽¹⁾		0.0		0.0		0.0			(1.4	)		(0.1	)		(1.5	)
Net income (loss)	$	68.7	$	5.4	$	0.0		$	(1.4	)	$	(9.9	)	$	62.8

(millions)	Tampa		Peoples		New Mexico			TECO			Other &			TECO
Nine months ended Sep 30,	Electric		Gas		Gas Co. ⁽²⁾			Coal ⁽¹⁾			Eliminations ⁽²⁾			Energy
2014
Revenues - external	$	1,546.9	$	300.0	$	16.2		$	0.0		$	7.8		$	1,870.9
Sales to affiliates		0.8		0.6		0.0			0.0			(1.4	)		0.0
Total revenues		1,547.7		300.6		16.2			0.0			6.4			1,870.9
Depreciation and amortization		185.6		40.3		2.8			0.0			1.3			230.0
Total interest charges		69.1		10.3		1.1			0.0			42.7			123.2
Provision (benefit) for income taxes		112.2		17.0		(0.5	)		0.0			(30.7	)		98.0
Net income (loss) from continuing operations		187.1		26.9		(0.9	)		0.0			(34.1	)		179.0
Income from discontinued operations, net ⁽¹⁾		0.0		0.0		0.0			(65.6	)		6.2			(59.4	)
Net income (loss)	$	187.1	$	26.9	$	(0.9	)	$	(65.6	)	$	(27.9	)	$	119.6
2013
Revenues - external	$	1,476.6	$	306.3	$	0.0		$	0.0		$	10.0		$	1,792.9
Sales to affiliates		0.7		0.8		0.0			0.0			(1.5	)		0.0
Total revenues		1,477.3		307.1		0.0			0.0			8.5			1,792.9
Depreciation and amortization		182.0		39.6		0.0			0.0			1.2			222.8
Total interest charges		69.5		10.1		0.0			0.0			42.0			121.6
Provision (benefit) for income taxes		94.0		17.1		0.0			0.0			(19.7	)		91.4
Net income (loss) from continuing operations		151.1		27.1		0.0			0.0			(24.9	)		153.3
Income from discontinued operations, net ⁽¹⁾		0.0		0.0		0.0			2.3			0.1			2.4
Net income (loss)	$	151.1	$	27.1	$	0.0		$	2.3		$	(24.8	)	$	155.7
At Sep 30, 2014
Goodwill	$	0.0	$	0.0	$	401.8		$	0.0		$	0.0		$	401.8
Assets held for sale, current		0.0		0.0		0.0			133.7			0.0			133.7
Assets held for sale, non-current		0.0		0.0		0.0			78.6			0.0			78.6
Total assets	$	6,485.5	$	1,034.1	$	1,171.4		$	261.8		$	(299.2	)	$	8,653.6
At Dec 31, 2013
Total assets	$	6,126.9	$	1,021.2	$	0.0		$	316.3		$	(16.4	)	$	7,448.0
(1) All periods have been adjusted to reflect the reclassification of results from operations to discontinued operations for TECO Coal and certain charges at Parent that directly relate to TECO Coal. See Note 15.
(2) NMGI is included in the Other & Eliminations segment.

(millions)	Tampa		Peoples		Other &			Tampa Electric
Three months ended Sep 30,	Electric		Gas		Eliminations			Company
2014
Revenues - external	$	581.6	$	86.9	$	0.0		$	668.5
Sales to affiliates		0.2		0.0		(0.2	)		0.0
Total revenues		581.8		86.9		(0.2	)		668.5
Depreciation and amortization		61.8		13.6		0.0			75.4
Total interest charges		23.8		3.5		0.0			27.3
Provision for income taxes		48.5		3.0		0.0			51.5
Net income	$	79.7	$	4.8	$	0.0		$	84.5
2013
Revenues - external	$	556.3	$	83.1	$	0.0		$	639.4
Sales to affiliates		0.1		0.3		(0.4	)		0.0
Total revenues		556.4		83.4		(0.4	)		639.4
Depreciation and amortization		62.2		13.4		0.0			75.6
Total interest charges		22.8		3.4		0.0			26.2
Provision for income taxes		42.7		3.4		0.0			46.1
Net income	$	68.7	$	5.4	$	0.0		$	74.1
Nine months ended Sep 30,
2014
Revenues - external	$	1,547.3	$	300.0	$	0.0		$	1,847.3
Sales to affiliates		0.4		0.6		(1.0	)		0.0
Total revenues		1,547.7		300.6		(1.0	)		1,847.3
Depreciation and amortization		185.6		40.3		0.0			225.9
Total interest charges		69.1		10.3		0.0			79.4
Provision for income taxes		112.2		17.0		0.0			129.2
Net income	$	187.1	$	26.9	$	0.0		$	214.0
Total assets at Sept. 30, 2014	$	6,160.8	$	1,002.4	$	(8.9	)	$	7,154.3
2013
Revenues - external	$	1,477.0	$	306.3	$	0.0		$	1,783.3
Sales to affiliates		0.3		0.8		(1.1	)		0.0
Total revenues		1,477.3		307.1		(1.1	)		1,783.3
Depreciation and amortization		182.0		39.6		0.0			221.6
Total interest charges		69.5		10.1		0.0			79.6
Provision for income taxes		94.0		17.1		0.0			111.1
Net income	$	151.1	$	27.1	$	0.0		$	178.2
Total assets at Dec. 31, 2013	$	5,895.4	$	989.3	$	(8.9	)	$	6,875.8

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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