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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 424 $ 370 $ 341
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 384 377 372
Deferred income taxes and investment tax credits 54 15 (1)
Allowance for equity funds used during construction (30) (11) (10)
Deferred recovery clauses (40) 63 (55)
Receivables, less allowance for credit losses (10) 52 (2)
Inventories 7 6 4
Taxes accrued 23 1 6
Accounts payable 34 (4) 11
Regulatory assets and liabilities (18) 1 98
Other 1 (29) 38
Cash flows from operating activities 829 841 802
Cash flows used in investing activities      
Capital expenditures (1,361) (1,283) (1,109)
Net proceeds from sale of assets 6 0 1
Cash flows used in investing activities (1,355) (1,283) (1,108)
Cash flows from or used in financing activities      
Proceeds from long-term debt issuance 0 292 714
Repayment of long-term debt 0 0 (304)
Net change in short-term debt (maturities of 90 days or less) 127 127 216
Proceeds from other short-term debt (maturities over 90 days) 300 0 0
Repayment of other short-term debt (maturities over 90 days) 0 0 (300)
Other financing activities (2) 0 (1)
Cash flows from financing activities 522 441 308
Net increase (decrease) in cash and cash equivalents (4) (1) 2
Cash and cash equivalents at beginning of the year 14 15 13
Cash and cash equivalents at end of the year 10 14 15
Supplemental disclosure of cash paid (received):      
Interest 126 134 112
Income taxes 14 63 77
Supplemental disclosure of non-cash activities      
Change in accrued capital expenditures 1 17 40
TECO Energy [Member]      
Cash flows from or used in financing activities      
Equity contributions from TECO Energy 505 395 345
Dividends to TECO Energy $ (408) $ (373) $ (362)