Short-Term Debt (Tables)

9 Months Ended

Sep. 30, 2018

Short-Term Debt Credit Facilities and Related Borrowings

Details of the credit facilities and related borrowings are presented in the following table:


	September 30, 2018						December 31, 2017
					Letters						Letters
	Credit		Borrowings		of Credit		Credit		Borrowings		of Credit
(millions)	Facilities		Outstanding ⁽¹⁾		Outstanding		Facilities		Outstanding ⁽¹⁾		Outstanding
Tampa Electric Company:
5-year facility ⁽²⁾	$	325	$	45	$	1	$	325	$	5	$	1
3-year accounts receivable facility ⁽³⁾		150		66		0		150		0		0
1-year term facility ⁽⁴⁾		0		0		0		300		300		0
Total	$	475	$	111	$	1	$	775	$	305	$	1

(1)	Borrowings outstanding are reported as notes payable.

(2)	This 5-year facility matures March 22, 2022.

(3)	This 3-year facility matures March 22, 2021.

(4)

This 1-year facility of $300 million was outstanding on September 30, 2018 and was repaid on October 11, 2018 with the proceeds from the long-term debt issued on October 4, 2018. Therefore, this 1-year facility was classified as long-term debt on TEC’s balance sheet as of September 30, 2018. See Note 7 for information regarding the long-term debt issuance.