Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

A summary of the face amount or maximum theoretical obligation and the year of expiration under letters of credit and guarantees as of Mar. 31, 2015 is as follows:


(millions)	Year of expiration						Maximum
					After ⁽¹⁾		Theoretical		Liabilities Recognized
Guarantees for the Benefit of:	2015		2016-2019		2019		Obligation		at Mar. 31, 2015 ⁽²⁾
TECO Energy
Fuel sales and transportation	$	0.0	$	0.0	$	92.9	$	92.9	$	0.0

							Maximum
(millions)					After ⁽¹⁾		Theoretical		Liabilities Recognized
Letters of Credit for the Benefit of:	2015		2016-2019		2019		Obligation		at Mar. 31, 2015 ⁽²⁾
TEC	$	0.0	$	0.0	$	0.6	$	0.6	$	0.1
NMGC	$	0.0	$	0.0	$	2.3	$	2.3	$	0.0

(1) These letters of credit and guarantees renew annually and are shown on the basis that they will continue to renew beyond 2019.
(2) The amounts shown are the maximum theoretical amounts guaranteed under current agreements. Liabilities recognized represent the associated obligation of TECO Energy, TEC or NMGC under these agreements at Mar. 31, 2015. 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 Mar. 31, 2015 is as follows:

Letters of Credit - Tampa Electric Company
(millions)					After ⁽¹⁾				Liabilities Recognized
Letters of Credit for the Benefit of:	2015		2016-2019		2019		Total		at Mar. 31, 2015
TEC ⁽²⁾	$	0.0	$	0.0	$	0.6	$	0.6	$	0.1

(1)	These letters of credit renew annually and are shown on the basis that they will continue to renew beyond 2019.

(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 Mar. 31, 2015. The obligations under these letters of credit include net accounts payable and net derivative liabilities.