Employee Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2020

TECO Energy [Member]

Schedule of Net Periodic Benefit Cost

The following table presents detail related to TECO Energy’s periodic benefit cost for pension and other postretirement benefits. Amounts disclosed for TECO Energy’s pension benefits include the amounts related to its qualified pension plan and non-qualified, non-contributory SERP and Restoration Plan.

TECO Energy Benefit Cost
(millions)	Pension Benefits							Other Postretirement Benefits
Three months ended September 30,	2020			2019				2020		2019
Components of net periodic benefit cost
Service cost	$	5		$	5			$	0	$	1
Interest cost		7			8				1		3
Expected return on assets		(13	)		(12	)			0		0
Amortization of:
Actuarial loss (gain)		5			3				0		(2	)
Net periodic benefit cost	$	4		$	4			$	1	$	2
Nine months ended September 30,
Components of net periodic benefit cost
Service cost	$	15		$	15			$	0	$	1
Interest cost		20			24				4		6
Expected return on assets		(38	)		(38	)			0		0
Amortization of:
Actuarial loss (gain)		15			11				0		(2	)
Settlement cost		0			1		(1)		0		0
Net periodic benefit cost	$	12		$	13			$	4	$	5

 (1)Represents TECO Energy’s SERP and Restoration Plan settlement charges as a result of the prior retirements of certain executives.