Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

TECO Energy reported the following OCI for the three and six months ended June 30, 2015 and 2014, related to changes in the fair value of cash flow hedges and amortization of unrecognized benefit costs associated with the company’s postretirement plans:

Other Comprehensive Income
	Three months ended June 30,							Six months ended June 30,
(millions)	Gross		Tax			Net		Gross			Tax			Net
2015
Unrealized gain on cash flow hedges	$	4.0	$	(1.4	)	$	2.6	$	4.3		$	(1.5	)	$	2.8
Reclassification from AOCI to net income ⁽¹⁾		0.3		(0.1	)		0.2		0.7			(0.4	)		0.3
Gain on cash flow hedges		4.3		(1.5	)		2.8		5.0			(1.9	)		3.1
Amortization of unrecognized benefit costs ⁽²⁾		1.6		(0.6	)		1.0		2.5			(0.9	)		1.6
Total other comprehensive income (loss)	$	5.9	$	(2.1	)	$	3.8	$	7.5		$	(2.8	)	$	4.7
2014
Unrealized gain on cash flow hedges	$	0.1	$	0.0		$	0.1	$	0.0		$	0.0		$	0.0
Reclassification from AOCI to net income ⁽¹⁾		0.1		(0.1	)		0.0		0.5			(0.2	)		0.3
Gain on cash flow hedges		0.2		(0.1	)		0.1		0.5			(0.2	)		0.3
Amortization of unrecognized benefit costs ⁽²⁾		0.8		(0.3	)		0.5		1.6			(0.6	)		1.0
Decrease (increase) in unrecognized postemployment costs ⁽³⁾		0.0		0.0			0.0		(12.9	)		4.7			(8.2	)
Total other comprehensive income (loss)	$	1.0	$	(0.4	)	$	0.6	$	(10.8	)	$	3.9		$	(6.9	)

(1) Related to interest rate contracts recognized in Interest expense and commodity contracts recognized in Income (loss) from discontinued operations.
(2) Related to postretirement and postemployment benefits. See Note 5 for additional information.
(3) Amounts reflect an out-of-period adjustment related to TECO Coal's unfunded black lung liability.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss
(millions)	June 30, 2015			Dec. 31, 2014
Unamortized pension loss and prior service credit ⁽¹⁾	$	(21.0	)	$	(22.5	)
Unamortized other benefit gains, prior service costs and transition obligations ⁽²⁾		14.0			13.9
Net unrealized gains (losses) from cash flow hedges ⁽³⁾		(4.0	)		(7.1	)
Total accumulated other comprehensive loss	$	(11.0	)	$	(15.7	)

(1) Net of tax benefit of $12.9 million and $13.8 million as of June 30, 2015 and Dec. 31, 2014, respectively.
(2) Net of tax expense of $8.3 million and $8.3 million as of June 30, 2015 and Dec. 31, 2014, respectively. Balance includes a $7.7 million loss as of June 30, 2015 related to TECO Coal's unfunded black lung liability that will be reclassified from AOCI to net income from discontinued operations upon the settlement of the black lung obligation at the sale date. See Note 15.
(3) Net of tax benefit of $2.5 million and $4.5 million as of June 30, 2015 and Dec. 31, 2014, respectively.

Tampa Electric Company [Member]

Other Comprehensive Income

Other Comprehensive Income	Three months ended June 30,							Six months ended June 30,
(millions)	Gross		Tax			Net		Gross		Tax			Net
2015
Unrealized gain on cash flow hedges	$	4.0	$	(1.4	)	$	2.6	$	4.3	$	(1.5	)	$	2.8
Reclassification from AOCI to net income		0.3		(0.1	)		0.2		0.7		(0.4	)		0.3
Gain on cash flow hedges		4.3		(1.5	)		2.8		5.0		(1.9	)		3.1
Total other comprehensive income	$	4.3	$	(1.5	)	$	2.8	$	5.0	$	(1.9	)	$	3.1
2014
Unrealized gain on cash flow hedges	$	0.0	$	0.0		$	0.0	$	0.0	$	0.0		$	0.0
Reclassification from AOCI to net income		0.0		0.0			0.0		0.4		(0.2	)		0.2
Gain on cash flow hedges		0.0		0.0			0.0		0.4		(0.2	)		0.2
Total other comprehensive income	$	0.0	$	0.0		$	0.0	$	0.4	$	(0.2	)	$	0.2

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss
(millions)	June 30, 2015			Dec. 31, 2014
Net unrealized losses from cash flow hedges ⁽¹⁾	$	(4.0	)	$	(7.1	)
Total accumulated other comprehensive loss	$	(4.0	)	$	(7.1	)

(1)	Net of tax benefit of $2.5 million and $4.5 million as of June 30, 2015 and Dec. 31, 2014, respectively.