TAMPA ELECTRIC CO 8-K

What Happened
Tampa Electric Company announced on January 22, 2026 (filed on Form 8-K Jan 27, 2026) that it amended its commercial paper program to raise the maximum amount of unsecured commercial paper notes that may be outstanding from $800,000,000 to $1,200,000,000. The amendment also adds an additional commercial paper dealer to the program; a national bank remains the issuing and paying agent.

Key Details

• Program limit increased by $400 million, from $800,000,000 to $1,200,000,000.
• Amendment effective January 22, 2026; Form 8-K filed January 27, 2026.
• Notes are unsecured commercial paper with maturities up to 270 days and may be borrowed, repaid and reborrowed.
• Notes may bear fixed or floating interest or be sold at a discount; rates set between the Company and the dealers.
• Notes are not registered under the Securities Act and may not be sold in the U.S. absent registration or an applicable exemption.
• An additional dealer was added under the program; existing Dealer Agreements remain in place with customary terms and indemnities.

Why It Matters
This change increases Tampa Electric’s short-term borrowing capacity by $400 million, giving the company greater flexibility to manage liquidity and short-term funding needs through its commercial paper program. The amendment does not itself create registered securities or constitute an offer to sell notes; any use of the program will affect the company’s short-term debt outstanding depending on future borrowings.