Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

11. Segment Information

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. 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									TECO
Three months ended Mar. 31,	Electric		Gas		Gas Co. (2)		Coal (1)			Other (2)			Eliminations			Energy
2015
Revenues - external	$	449.8	$	121.7	$	119.0	$	0.0		$	2.5		$	0.0		$	693.0
Sales to affiliates		0.8		1.2		0.0		0.0			0.0			(2.0	)		0.0
Total revenues		450.6		122.9		119.0		0.0			2.5			(2.0	)		693.0
Depreciation and amortization		62.9		13.9		8.4		0.0			0.3			0.0			85.5
Total interest charges		23.5		3.5		3.3		0.0			17.9			(0.3	)		47.9
Internally allocated interest		0.0		0.0		0.0		0.0			0.3			(0.3	)		0.0
Provision (benefit) for income taxes		27.4		9.2		9.0		0.0			(5.7	)		0.0			39.9
Net income (loss) from continuing operations		48.2		14.6		13.9		0.0			56.0			(68.9	)		63.8
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0		(6.0	)		0.2			0.0			(5.8	)
Net income (loss)	$	48.2	$	14.6	$	13.9	$	(6.0	)	$	56.2		$	(68.9	)	$	58.0
2014
Revenues - external	$	452.9	$	122.4	$	0.0	$	0.0		$	2.7		$	0.0		$	578.0
Sales to affiliates		0.3		0.2		0.0		0.0			0.0			(0.5	)		0.0
Total revenues		453.2		122.6		0.0		0.0			2.7			(0.5	)		578.0
Depreciation and amortization		62.1		13.3		0.0		0.0			0.5			0.0			75.9
Total interest charges		22.0		3.4		0.0		0.0			16.0			(1.8	)		39.6
Internally allocated interest		0.0		0.0		0.0		0.0			1.8			(1.8	)		0.0
Provision (benefit) for income taxes		26.6		9.2		0.0		0.0			(6.7	)		0.0			29.1
Net income (loss) from continuing operations		45.2		14.6		0.0		0.0			37.5			(48.9	)		48.4
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0		(1.6	)		3.3			0.0			1.7
Net income (loss)	$	45.2	$	14.6	$	0.0	$	(1.6	)	$	40.8		$	(48.9	)	$	50.1
At Mar. 31, 2015
Total assets	$	6,619.7	$	1,085.5	$	1,207.9	$	209.6		$	5,802.5		$	(6,147.7	)	$	8,777.5
At Dec. 31, 2014
Total assets	$	6,565.4	$	1,082.8	$	1,237.2	$	227.7		$	5,664.4		$	(6,051.3	)		8,726.2
(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 segment.

Tampa Electric Company [Member]

Segment Information

9. Segment Information

(millions)	Tampa		Peoples					Tampa Electric
Three months ended Mar. 31,	Electric		Gas		Eliminations			Company
2015
Revenues - external	$	450.4	$	121.7	$	0.0		$	572.1
Sales to affiliates		0.2		1.2		(1.4	)		0.0
Total revenues		450.6		122.9		(1.4	)		572.1
Depreciation and amortization		62.9		13.9		0.0			76.8
Total interest charges		23.5		3.5		0.0			27.0
Provision for income taxes		27.4		9.2		0.0			36.6
Net income		48.2		14.6		0.0			62.8
2014
Revenues - external	$	453.1	$	122.4	$	0.0		$	575.5
Sales to affiliates		0.1		0.2		(0.3	)		0.0
Total revenues		453.2		122.6		(0.3	)		575.5
Depreciation and amortization		62.1		13.3		0.0			75.4
Total interest charges		22.0		3.4		0.0			25.4
Provision for income taxes		26.6		9.2		0.0			35.8
Net income		45.2		14.6		0.0		$	59.8
Total assets at Mar. 31, 2015	$	6,278.7	$	1,050.4	$	(9.0	)	$	7,320.1
Total assets at Dec. 31, 2014		6,234.4		1,047.0		(7.1	)		7,274.3