v3.25.2
Short-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Short-Term Debt Credit Facilities

Details of TEC’s short-term borrowings are presented in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

 

 

Borrowings

 

 

Borrowings

 

 

Letters

 

 

 

 

 

Borrowings

 

 

Borrowings

 

 

Letters

 

 

Credit

 

 

Outstanding -

 

 

Outstanding -

 

 

of Credit

 

 

Credit

 

 

Outstanding -

 

 

Outstanding -

 

 

of Credit

 

(millions)

Facilities

 

 

Credit Facilities (1)

 

 

Commercial Paper (1)

 

 

Outstanding

 

 

Facilities

 

 

Credit Facilities (1)

 

 

Commercial Paper (1)

 

 

Outstanding

 

Credit facility (2)

$

800

 

 

$

0

 

 

$

464

 

 

$

1

 

 

$

800

 

 

$

0

 

 

$

636

 

 

$

1

 

 

(1)
Borrowings outstanding are reported as notes payable.
(2)
This credit facility was planned to mature on December 17, 2026. On April 1, 2024, TEC amended the credit facility agreement to extend the maturity date to December 1, 2028. TEC also has an active commercial paper program for up to $800 million, of which the full amount outstanding is backed by TEC’s credit facility. The amount of commercial paper issued results in an equal amount of its credit facility being considered drawn and unavailable.