Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions

13. Related Party Transactions

The company and its subsidiaries had certain transactions, in the ordinary course of business, with entities in which directors of the company had interests. The company paid legal fees of $1.7 million for the year ended Dec. 31, 2013 to Ausley McMullen, P.A. of which Mr. DuBose Ausley (who was a director of TECO Energy, until his retirement from the Board in May 2013) was an employee. Other transactions were not material for the years ended Dec. 31, 2015, 2014 and 2013. No material balances were payable as of Dec. 31, 2015 or 2014.

Tampa Electric Company [Member]

Related Party Transactions

10. Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:

(millions)	2015		2014		2013
Natural gas sales, net	$	0.8	$	0.3	$	18.3
Administrative and general, net(1)	$	69.4	$	22.5	$	27.2

(1) The 2015 increase in transactions with affiliates is attributable to shared services being provided to TEC from TSI, TECO Energy’s centralized services company subsidiary, beginning in Jan. 1, 2015.

Amounts due from or to affiliates at Dec. 31,

(millions)	2015		2014
Accounts receivable(1)	$	2.3	$	2.4
Accounts payable(1)		15.9		9.7
Taxes receivable(2)		61.3		43.3
Taxes payable(2)		1.0		0.0

(1) Accounts receivable and accounts payable were incurred in the ordinary course of business and do not bear interest.

(2) Taxes receivable are due from, and taxes payable are due to, TECO Energy.

TEC had certain transactions, in the ordinary course of business, with entities in which directors of TEC had interests. TEC paid legal fees of $1.7 million for the year ended Dec. 31, 2013 to Ausley McMullen, P.A. of which Mr. Ausley (who was a director of TEC, until his retirement from the Board in May 2013) was an employee.