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Revenue
12 Months Ended
Dec. 31, 2019
Revenues [Abstract]  
Revenue

9. Revenue

The following disaggregates TEC’s revenue by major source:

 

(millions)

Tampa

 

 

 

 

 

 

 

 

 

 

Tampa Electric

 

For the year ended December 31, 2019

Electric

 

 

PGS

 

 

Eliminations

 

 

Company

 

Electric revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

$

1,046

 

 

$

0

 

 

$

0

 

 

$

1,046

 

Commercial

 

562

 

 

 

0

 

 

 

0

 

 

 

562

 

Industrial

 

156

 

 

 

0

 

 

 

0

 

 

 

156

 

Regulatory deferrals and unbilled revenue

 

(49

)

 

 

0

 

 

 

0

 

 

 

(49

)

Other (1)

 

250

 

 

 

0

 

 

 

(4

)

 

 

246

 

Total electric revenue

 

1,965

 

 

 

0

 

 

 

(4

)

 

 

1,961

 

Gas revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

0

 

 

 

154

 

 

 

0

 

 

 

154

 

Commercial

 

0

 

 

 

146

 

 

 

0

 

 

 

146

 

Industrial (2)

 

0

 

 

 

21

 

 

 

0

 

 

 

21

 

Other (3)

 

0

 

 

 

140

 

 

 

(18

)

 

 

122

 

Total gas revenue

 

0

 

 

 

461

 

 

 

(18

)

 

 

443

 

Total revenue

$

1,965

 

 

$

461

 

 

$

(22

)

 

$

2,404

 

For the year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

$

1,067

 

 

$

0

 

 

$

0

 

 

$

1,067

 

Commercial

 

582

 

 

 

0

 

 

 

0

 

 

 

582

 

Industrial

 

161

 

 

 

0

 

 

 

0

 

 

 

161

 

Regulatory deferrals and unbilled revenue

 

(2

)

 

 

0

 

 

 

0

 

 

 

(2

)

Other (1)

 

258

 

 

 

0

 

 

 

(3

)

 

 

255

 

Total electric revenue

 

2,066

 

 

 

0

 

 

 

(3

)

 

 

2,063

 

Gas revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

0

 

 

 

157

 

 

 

0

 

 

 

157

 

Commercial

 

0

 

 

 

151

 

 

 

0

 

 

 

151

 

Industrial (2)

 

0

 

 

 

21

 

 

 

0

 

 

 

21

 

Other (3)

 

0

 

 

 

159

 

 

 

(27

)

 

 

132

 

Total gas revenue

 

0

 

 

 

488

 

 

 

(27

)

 

 

461

 

Total revenue

$

2,066

 

 

$

488

 

 

$

(30

)

 

$

2,524

 

 

(1)    Other includes sales to public authorities, off-system sales to other utilities and various other items.

(2)    Industrial includes sales to power generation customers.

(3)    Other includes off-system sales to other utilities and various other items.

 

Remaining Performance Obligations

Remaining performance obligations primarily represent lighting contracts and gas transportation contracts with fixed contract terms.  As of December 31, 2019 and 2018, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $140 million and $135 million, respectively. As allowed under ASC 606, this amount excludes contracts with an original expected length of one year or less and variable amounts for which TEC recognizes revenue at the amount to which it has the right to invoice for services performed. TEC expects to recognize revenue for the remaining performance obligations through 2033.