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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 148 $ 142
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 182 173
Deferred income taxes and investment tax credits 14 87
Deferred recovery clauses (25) (52)
Receivables, less allowance for uncollectibles 2 (23)
Inventories 5 (16)
Taxes accrued 28 27
Accounts payable (37) (88)
Regulatory assets and liabilities 54 (6)
Other (25) (16)
Cash flows from operating activities 346 228
Cash flows used in investing activities    
Capital expenditures (510) (299)
Cash flows used in investing activities (510) (299)
Cash flows from financing activities    
Equity contributions from TECO Energy 215 58
Proceeds from long-term debt issuance 345 0
Repayment of long-term debt (304) 0
Net increase in short-term debt 70 128
Dividends to TECO Energy (160) (109)
Other financing activities 0 (1)
Cash flows from financing activities 166 76
Net increase in cash and cash equivalents 2 5
Cash and cash equivalents at beginning of period 13 10
Cash and cash equivalents at end of period 15 15
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ 18 $ (24)