Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2016

TECO Energy reported the following OCI related to changes in the fair value of cash flow hedges, recognized cost due to curtailment 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
2016
Unrealized gain on cash flow hedges	$	0.0		$	0.0		$	0.0		$	0.0	$	0.0		$	0.0
Reclassification from AOCI to net income ⁽¹⁾		0.3			(0.1	)		0.2			0.7		(0.3	)		0.4
Gain on cash flow hedges		0.3			(0.1	)		0.2			0.7		(0.3	)		0.4
Amortization of unrecognized benefit costs and other ⁽²⁾		(0.3	)		0.1			(0.2	)		0.5		(0.2	)		0.3
Recognized cost due to curtailment ⁽³⁾		0.1			0.0			0.1			0.1		0.0			0.1
Total other comprehensive income	$	0.1		$	0.0		$	0.1		$	1.3	$	(0.5	)	$	0.8
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	$	5.9		$	(2.1	)	$	3.8		$	7.5	$	(2.8	)	$	4.7

(1) Related to interest rate contracts recognized in Interest expense.
(2) Related to postretirement benefits. See Note 5 for additional information.
(3) Related to the estimated curtailment loss for the SERP. See Note 5 for additional information.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss
(millions)	June 30, 2016			Dec. 31, 2015
Unamortized pension loss and prior service credit ⁽¹⁾	$	(33.6	)	$	(34.2	)
Unamortized other benefit gains, prior service costs and transition obligations ⁽²⁾		25.4			25.6
Net unrealized losses from cash flow hedges ⁽³⁾		(3.2	)		(3.6	)
Total accumulated other comprehensive loss	$	(11.4	)	$	(12.2	)

(1) Net of tax benefit of $20.9 million and $21.5 million as of June 30, 2016 and Dec. 31, 2015, respectively.
(2) Net of tax expense of $15.8 million and $16.1 million as of June 30, 2016 and Dec. 31, 2015, respectively.
(3) Net of tax benefit of $2.0 million and $2.3 million as of June 30, 2016 and Dec. 31, 2015, 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
2016
Unrealized gain on cash flow hedges	$	0.0	$	0.0		$	0.0	$	0.0	$	0.0		$	0.0
Reclassification from AOCI to net income		0.3		(0.1	)		0.2		0.7		(0.3	)		0.4
Gain on cash flow hedges		0.3		(0.1	)		0.2		0.7		(0.3	)		0.4
Total other comprehensive income	$	0.3	$	(0.1	)	$	0.2	$	0.7	$	(0.3	)	$	0.4
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

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss
(millions)	June 30, 2016			Dec. 31, 2015
Net unrealized losses from cash flow hedges ⁽¹⁾	$	(3.2	)	$	(3.6	)
Total accumulated other comprehensive loss	$	(3.2	)	$	(3.6	)

(1)

Net of tax benefit of $2.0 million and $2.3 million as of June 30, 2016 and Dec. 31, 2015, respectively.