Item 2.03. Creation of a Direct Financial Obligation of a Registrant

On January 22, 2026, Tampa Electric Company (the "Company") entered into definitive documentation to amend its commercial paper program (the "Program"), previously described in the Company's Current Report on Form 8-K filed on May 26, 2021, to increase the aggregate amount of unsecured commercial paper notes (the "Notes") that may be outstanding under the Program at any time from $800,000,000 to $1,200,000,000. Amounts available under the Program may continue to be borrowed, repaid and reborrowed, with the aggregate principal amount of Notes outstanding under the Program at any time not to exceed $1,200,000,000.

In connection with the amendment, an additional commercial paper dealer has been added to the Program pursuant to a commercial paper dealer agreement entered into between the Company and such dealer (the "New Dealer"). The New Dealer, together with the dealers previously party to the Program (collectively, the "Dealers"), will continue to either purchase from the Company or arrange for the sale by the Company of Notes pursuant to the terms and conditions of their respective commercial paper dealer agreements (each, as amended or supplemented, a "Dealer Agreement"). Each Dealer Agreement contains customary representations, warranties, covenants and indemnification provisions. A national bank continues to act as the issuing and paying agent under the Program pursuant to the terms of an issuing and paying agent agreement.

The other material terms of the Program remain unchanged. The maturities of the Notes will vary, but may not exceed 270 days from the date of issue. The Notes will bear such interest rates, if interest bearing, or will be sold at such discount from their face amounts, as shall be agreed upon from time to time by the Dealers and the Company. The rates of interest will depend on whether the Note will be a fixed or floating rate.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The information contained in this Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to purchase any Notes under the Program.