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Related Party Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

10. Related Party Transactions

A summary of activities between TEC and its affiliates follows:

Net transactions with affiliates:

 

(millions)

 

2020

 

 

2019

 

 

2018

 

Natural gas sales to/(from) affiliates

 

$

(139)

 

 

$

(111

)

 

$

(38

)

Services received from affiliates

 

 

6

 

 

 

65

 

 

 

65

 

Dividends to TECO Energy

 

 

408

 

 

 

373

 

 

 

362

 

Equity contributions from TECO Energy

 

 

505

 

 

 

395

 

 

 

345

 

In 2019 and 2018, services received from affiliates primarily included shared services provided to TEC from TSI, TECO Energy’s centralized services company subsidiary. In December 2019, most TSI employees were transferred to Tampa Electric. The transfer of these employees to Tampa Electric did not materially impact shared service costs or the TEC Consolidated Statement of Income. In 2020, the shared service costs were not recorded through TSI but rather directly recorded in TEC’s O&M expenses on the TEC Consolidated Statement of Income.

Amounts due from or to affiliates at December 31,

 

(millions)

 

2020

 

 

2019

 

Accounts receivable related to asset management agreements to Emera Energy Services Inc. (1)

 

$

4

 

 

$

4

 

Accounts receivable excluding asset management agreements (1)

 

 

7

 

 

 

10

 

Accounts payable (1)

 

 

27

 

 

 

16

 

Taxes payable (2)

 

 

19

 

 

 

4

 

(1)

Accounts receivable and accounts payable were incurred in the ordinary course of business and do not bear interest.

(2)

Taxes payable were due to EUSHI. See Note 4 for additional information.