Accounting for Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Volumes Expected to Settle

The maximum length of time over which the company is hedging its exposure to the variability in future cash flows extends to Sept. 30, 2017 for financial natural gas contracts. The following table presents the company’s derivative volumes that, as of Sept. 30, 2015, are expected to settle during the 2015, 2016 and 2017 fiscal years:

Derivative Volumes	Natural Gas Contracts
(millions)	(MMBTUs)
Year	Physical		Financial
2015		0.0		13.5
2016		0.0		35.8
2017		0.0		4.2
Total		0.0		53.5

Tampa Electric Company [Member]

Derivative Volumes Expected to Settle

The maximum length of time over which TEC is hedging its exposure to the variability in future cash flows extends to Sept.30, 2017 for financial natural gas contracts. The following table presents TEC’s derivative volumes that, as of Sept. 30, 2015, are expected to settle during the 2015, 2016 and 2017 fiscal years:

	Natural Gas Contracts
(millions)	(MMBTUs)
Year	Physical		Financial
2015		0.0		8.6
2016		0.0		27.1
2017		0.0		4.2
Total		0.0		39.9