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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Schedule of Recurring Fair Value Measurements

For natural gas and diesel fuel swaps, the market approach was used in determining fair value.

 

Recurring Fair Value Measures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At fair value as of Sep 30, 2014

 

(millions)

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

0.1

 

 

$

0.0

 

 

$

0.1

 

Diesel fuel swaps

 

0.0

 

 

 

0.1

 

 

 

0.0

 

 

 

0.1

 

Total

$

0.0

 

 

$

0.2

 

 

$

0.0

 

 

$

0.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

5.6

 

 

$

0.0

 

 

$

5.6

 

Diesel fuel swaps

 

0.0

 

 

 

0.1

 

 

 

0.0

 

 

 

0.1

 

Total

$

0.0

 

 

$

5.7

 

 

$

0.0

 

 

$

5.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

At fair value as of Dec 31, 2013

 

(millions)

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

9.8

 

 

$

0.0

 

 

$

9.8

 

Diesel fuel swaps

 

0.0

 

 

 

0.2

 

 

 

0.0

 

 

 

0.2

 

Total

$

0.0

 

 

$

10.0

 

 

$

0.0

 

 

$

10.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

0.2

 

 

$

0.0

 

 

$

0.2

 

Diesel fuel swaps

 

0.0

 

 

 

0.1

 

 

 

0.0

 

 

 

0.1

 

Total

$

0.0

 

 

$

0.3

 

 

$

0.0

 

 

$

0.3

 

 

Tampa Electric Company [Member]
 
Schedule of Recurring Fair Value Measurements

For all assets and liabilities presented below, the market approach was used in determining fair value.

Recurring Derivative Fair Value Measures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At fair value as of Sep 30, 2014

 

(millions)

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

0.1

 

 

$

0.0

 

 

$

0.1

 

Total

$

0.0

 

 

$

0.1

 

 

$

0.0

 

 

$

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

5.6

 

 

$

0.0

 

 

$

5.6

 

Total

$

0.0

 

 

$

5.6

 

 

$

0.0

 

 

$

5.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At fair value as of Dec 31, 2013

 

(millions)

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

9.8

 

 

$

0.0

 

 

$

9.8

 

Total

$

0.0

 

 

$

9.8

 

 

$

0.0

 

 

$

9.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas swaps

$

0.0

 

 

$

0.2

 

 

$

0.0

 

 

$

0.2

 

Total

$

0.0

 

 

$

0.2

 

 

$

0.0

 

 

$

0.2