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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 370 $ 341 $ 316
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 377 372 350
Deferred income taxes and investment tax credits 15 (1) 192
Allowance for equity funds used during construction (11) (10) (2)
Deferred recovery clauses 63 (55) (83)
Receivables, less allowance for uncollectibles 52 (2) (43)
Inventories 6 4 13
Taxes accrued 1 6 (9)
Accounts payable (4) 11 (16)
Regulatory assets and liabilities 1 98 (100)
Other (29) 38 (6)
Cash flows from operating activities 841 802 612
Cash flows used in investing activities      
Capital expenditures (1,283) (1,109) (640)
Net proceeds from sale of assets 0 1 0
Cash flows used in investing activities (1,283) (1,108) (640)
Cash flows from or used in financing activities      
Proceeds from long-term debt issuance 292 714 0
Repayment of long-term debt 0 (304) 0
Net change in short-term debt (maturities of 90 days or less) 127 216 (165)
Proceeds from other short-term debt (maturities over 90 days) 0 0 300
Repayment of other short-term debt (maturities over 90 days) 0 (300) 0
Other financing activities 0 (1) (2)
Cash flows from financing activities 441 308 31
Net increase (decrease) in cash and cash equivalents (1) 2 3
Cash and cash equivalents at beginning of the year 15 13 10
Cash and cash equivalents at end of the year 14 15 13
Supplemental disclosure of cash paid (received):      
Interest 134 112 115
Income taxes 63 77 13
Supplemental disclosure of non-cash activities      
Change in accrued capital expenditures 17 40 (16)
TECO Energy [Member]      
Cash flows from or used in financing activities      
Equity contributions from TECO Energy 395 345 190
Dividends to TECO Energy $ (373) $ (362) $ (292)