Segment Information

6 Months Ended

Jun. 30, 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 June 30,	Electric		Gas		Gas Co. (2)			Coal (1)			Other (2)(3)			Eliminations (3)			Energy
2015
Revenues - external	$	531.6	$	92.2	$	54.0		$	0.0		$	2.8		$	0.0		$	680.6
Sales to affiliates		0.8		1.3		0.0			0.0			0.1			(2.2	)		0.0
Total revenues		532.4		93.5		54.0			0.0			2.9			(2.2	)		680.6
Depreciation and amortization		64.0		14.0		8.4			0.0			0.6			0.0			87.0
Total interest charges		23.6		3.6		3.3			0.0			16.3			(0.4	)		46.4
Internally allocated interest		0.0		0.0		0.0			0.0			0.4			(0.4	)		0.0
Provision (benefit) for income taxes		38.9		4.8		0.0			0.0			(3.2	)		0.0			40.5
Net income (loss) from continuing operations		67.7		7.6		(0.1	)		0.0			(13.7	)		0.0			61.5
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0			(51.5	)		1.8			0.0			(49.7	)
Net income (loss)	$	67.7	$	7.6	$	(0.1	)	$	(51.5	)	$	(11.9	)	$	0.0		$	11.8
2014
Revenues - external	$	512.5	$	90.7	$	0.0		$	0.0		$	2.5		$	0.0		$	605.7
Sales to affiliates		0.2		0.4		0.0			0.0			0.1			(0.7	)		0.0
Total revenues		512.7		91.1		0.0			0.0			2.6			(0.7	)		605.7
Depreciation and amortization		61.7		13.4		0.0			0.0			0.4			0.0			75.5
Total interest charges		23.3		3.4		0.0			0.0			15.9			(1.9	)		40.7
Internally allocated interest		0.0		0.0		0.0			0.0			1.9			(1.9	)		0.0
Provision (benefit) for income taxes		37.1		4.8		0.0			0.0			(6.7	)		0.0			35.2
Net income (loss) from continuing operations		62.2		7.5		0.0			0.0			(12.1	)		0.0			57.6
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0			0.8			0.0			0.0			0.8
Net income (loss)	$	62.2	$	7.5	$	0.0		$	0.8		$	(12.1	)	$	0.0			58.4

(millions)	Tampa		Peoples		New Mexico		TECO									TECO
Six months ended June 30,	Electric		Gas		Gas Co. (2)		Coal (1)			Other (2) (3)			Eliminations (3)			Energy
2015
Revenues - external	$	981.4	$	213.9	$	173.0	$	0.0		$	5.3		$	0.0		$	1,373.6
Sales to affiliates		1.6		2.5		0.0		0.0			0.1			(4.2	)		0.0
Total revenues		983.0		216.4		173.0		0.0			5.4			(4.2	)		1,373.6
Depreciation and amortization		126.9		27.9		16.8		0.0			0.9			0.0			172.5
Total interest charges		47.1		7.1		6.6		0.0			34.2			(0.7	)		94.3
Internally allocated interest		0.0		0.0		0.0		0.0			0.7			(0.7	)		0.0
Provision (benefit) for income taxes		66.3		14.0		9.0		0.0			(8.9	)		0.0			80.4
Net income (loss) from continuing operations		115.9		22.2		13.8		0.0			(26.6	)		0.0			125.3
Income from discontinued operations, net (1)		0.0		0.0		0.0		(57.5	)		2.0			0.0			(55.5	)
Net income (loss)	$	115.9	$	22.2	$	13.8	$	(57.5	)	$	(24.6	)	$	0.0		$	69.8
2014
Revenues - external	$	965.4	$	213.1	$	0.0	$	0.0		$	5.2		$	0.0		$	1,183.7
Sales to affiliates		0.5		0.6		0.0		0.0			0.1			(1.2	)		0.0
Total revenues		965.9		213.7		0.0		0.0			5.3			(1.2	)		1,183.7
Depreciation and amortization		123.8		26.7		0.0		0.0			0.9			0.0			151.4
Total interest charges		45.3		6.8		0.0		0.0			31.9			(3.7	)		80.3
Internally allocated interest		0.0		0.0		0.0		0.0			3.7			(3.7	)		0.0
Provision (benefit) for income taxes		63.7		14.0		0.0		0.0			(13.4	)		0.0			64.3
Net income (loss) from continuing operations		107.4		22.1		0.0		0.0			(23.5	)		0.0			106.0
Income (loss) from discontinued operations, net (1)		0.0		0.0		0.0		(0.8	)		3.3			0.0			2.5
Net income (loss)	$	107.4	$	22.1	$	0.0	$	(0.8	)	$	(20.2	)	$	0.0		$	108.5
At June 30, 2015
Total assets	$	6,739.5	$	1,089.2	$	1,180.2	$	173.0		$	1,701.7		$	(2,045.2	)	$	8,838.4
At Dec. 31, 2014
Total assets	$	6,565.4	$	1,082.8	$	1,237.2	$	227.7		$	1,611.6		$	(1,998.5	)		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 and TECO Guatemala. See Note 15.
(2)    NMGI is included in the Other segment.
(3)    Certain prior year amounts have been reclassified to conform to current year presentation.

Tampa Electric Company [Member]

Segment Information

9. Segment Information

(millions)	Tampa		Peoples					Tampa Electric
Three months ended June 30,	Electric		Gas		Eliminations			Company
2015
Revenues - external	$	532.4	$	92.2	$	0.0		$	624.6
Sales to affiliates		0.0		1.3		(1.3	)		0.0
Total revenues		532.4		93.5		(1.3	)		624.6
Depreciation and amortization		64.0		14.0		0.0			78.0
Total interest charges		23.6		3.6		0.0			27.2
Provision for income taxes		38.9		4.8		0.0			43.7
Net income		67.7		7.6		0.0			75.3
2014
Revenues - external	$	512.6	$	90.7	$	0.0		$	603.3
Sales to affiliates		0.1		0.4		(0.5	)		0.0
Total revenues		512.7		91.1		(0.5	)		603.3
Depreciation and amortization		61.7		13.4		0.0			75.1
Total interest charges		23.3		3.4		0.0			26.7
Provision for income taxes		37.1		4.8		0.0			41.9
Net income	$	62.2	$	7.5	$	0.0		$	69.7
Six months ended June 30,
2015
Revenues - external	$	982.8	$	213.9	$	0.0		$	1,196.7
Sales to affiliates		0.2		2.5		(2.7	)		0.0
Total revenues		983.0		216.4		(2.7	)		1,196.7
Depreciation and amortization		126.9		27.9		0.0			154.8
Total interest charges		47.1		7.1		0.0			54.2
Provision for income taxes		66.3		14.0		0.0			80.3
Net income	$	115.9	$	22.2	$	0.0		$	138.1
2014
Revenues - external	$	965.7	$	213.1	$	0.0		$	1,178.8
Sales to affiliates		0.2		0.6		(0.8	)		0.0
Total revenues		965.9		213.7		(0.8	)		1,178.8
Depreciation and amortization		123.8		26.7		0.0			150.5
Total interest charges		45.3		6.8		0.0			52.1
Provision for income taxes		63.7		14.0		0.0			77.7
Net income	$	107.4	$	22.1	$	0.0		$	129.5
Total assets at June 30, 2015	$	6,406.3	$	1,055.7	$	(5.7	)	$	7,456.3
Total assets at Dec. 31, 2014		6,234.4		1,047.0		(7.1	)		7,274.3