Revenue |
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| Revenue | 9. Revenue The following disaggregates TEC’s revenue by major source:
(1) Other electric revenue includes sales to public authorities, off-system sales to other utilities and various other items.
Remaining Performance Obligations Remaining performance obligations primarily represent lighting contracts with fixed contract terms. As of June 30, 2025 and December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $99 million. As allowed under ASC 606, Revenue from Contracts with Customers, these amounts exclude 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 2045. |
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