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Employee Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2015
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost

Included in the table below is the periodic expense for pension and other postretirement benefits offered by the company.

 

Pension Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(millions)

Pension Benefits

 

 

Other Postretirement Benefits

 

Three months ended June 30,

2015

 

 

2014

 

 

2015

 

 

2014

 

Components of net periodic benefit expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

6.4

 

 

$

4.2

 

 

$

0.5

 

 

$

0.6

 

Interest cost

 

8.7

 

 

 

8.2

 

 

 

2.1

 

 

 

2.6

 

Expected return on assets

 

(12.5

)

 

 

(10.4

)

 

 

(0.2

)

 

 

0.0

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (benefit) cost

 

0.0

 

 

 

(0.1

)

 

 

(0.6

)

 

 

(0.1

)

Actuarial loss

 

4.8

 

 

 

3.5

 

 

 

0.0

 

 

 

0.1

 

Regulatory asset

 

0.0

 

 

 

0.0

 

 

 

0.2

 

 

 

0.0

 

Net pension expense recognized in the

   TECO Energy Consolidated Condensed Statements of Income

$

7.4

 

 

$

5.4

 

 

$

2.0

 

 

$

3.2

 

Six months ended June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

10.9

 

 

$

8.3

 

 

$

1.1

 

 

$

1.2

 

Interest cost

 

16.1

 

 

 

16.4

 

 

 

4.1

 

 

 

5.2

 

Expected return on assets

 

(23.3

)

 

 

(20.7

)

 

 

(0.5

)

 

 

0.0

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (benefit) cost

 

(0.1

)

 

 

(0.2

)

 

 

(1.2

)

 

 

(0.1

)

Actuarial loss

 

8.2

 

 

 

6.7

 

 

 

0.0

 

 

 

0.1

 

Regulatory asset

 

0.0

 

 

 

0.0

 

 

 

0.5

 

 

 

0.0

 

Net pension expense recognized in the

   TECO Energy Consolidated Condensed Statements of Income

$

11.8

 

 

$

10.5

 

 

$

4.0

 

 

$

6.4