XML 71 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reportable Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information [Line Items]                      
Revenue from External Customers $ 1,087 [1] $ 799 [2] $ 824 $ 1,817 $ 1,689 $ 964 $ 1,183 $ 2,531 $ 4,527 $ 6,367 $ 5,522
Depreciation and Amortization                 227 206 230
Operating Income (Loss) 108 [1] 18 [2] $ 27 $ 160 111 $ (3) $ 39 $ 188 313 335 401
Assets 9,153       11,044       9,153 11,044 10,532
Capital Expenditures for Long-Lived Assets                 606 528 478
Equity income                 (1,633) 308 188
Investment in unconsolidated affiliate 2,594       4,521       2,594 4,521  
Natural Gas Distribution [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 2,603 3,271 2,837
Depreciation and Amortization                 222 201 185
Operating Income (Loss)                 273 287 263
Capital Expenditures for Long-Lived Assets                 601 525 430
Energy Services [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 1,924 3,095 2,374
Depreciation and Amortization                 5 5 5
Operating Income (Loss)                 42 52 13
Capital Expenditures for Long-Lived Assets                 5 3 3
Interstate Pipelines [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [3],[4]                     133
Depreciation and Amortization [3],[4]                     20
Operating Income (Loss) [3],[4]                     72
Capital Expenditures for Long-Lived Assets [3],[4]                     29
Field Services [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [4]                     178
Depreciation and Amortization [4]                     20
Operating Income (Loss) [4]                     73
Capital Expenditures for Long-Lived Assets [4]                     16
Midstream Investments [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [5]                 0 0 0
Depreciation and Amortization [5]                 0 0 0
Operating Income (Loss) [5]                 0 0 0
Capital Expenditures for Long-Lived Assets [5]                 0 0 0
Equity income                 (1,633) 308 181
Corporate and Other [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 0 1 0
Depreciation and Amortization                 0 0 0
Operating Income (Loss)                 (2) (4) (20)
Capital Expenditures for Long-Lived Assets                 0 0 0
Operating Segments [Member] | Natural Gas Distribution [Member]                      
Segment Reporting Information [Line Items]                      
Assets 5,657       5,464       5,657 5,464 4,976
Operating Segments [Member] | Energy Services [Member]                      
Segment Reporting Information [Line Items]                      
Assets 857       978       857 978 895
Operating Segments [Member] | Interstate Pipelines [Member]                      
Segment Reporting Information [Line Items]                      
Assets [3],[4]                     0
Operating Segments [Member] | Field Services [Member]                      
Segment Reporting Information [Line Items]                      
Assets [4]                     0
Operating Segments [Member] | Midstream Investments [Member]                      
Segment Reporting Information [Line Items]                      
Assets [5] 2,594       4,521       2,594 4,521 4,518
Operating Segments [Member] | Corporate and Other [Member]                      
Segment Reporting Information [Line Items]                      
Assets 789       1,045       789 1,045 1,139
Intersegment Eliminations [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 (62) (114) (124)
Assets (744)       (964)       (744) (964) (996)
Intersegment Eliminations [Member] | Natural Gas Distribution [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 (29) (30) (26)
Intersegment Eliminations [Member] | Energy Services [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 (33) (84) (27)
Intersegment Eliminations [Member] | Interstate Pipelines [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [3],[4]                     (53)
Intersegment Eliminations [Member] | Field Services [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [4]                     (18)
Intersegment Eliminations [Member] | Midstream Investments [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers [5]                 0 0 0
Intersegment Eliminations [Member] | Corporate and Other [Member]                      
Segment Reporting Information [Line Items]                      
Revenue from External Customers                 0 0 0
Enable Midstream Partners [Member]                      
Segment Reporting Information [Line Items]                      
Equity income                 (1,633) 303 173
Impairment Charges 984 $ 862                  
Income (Loss) From Equity Method Investment, Excluding Impairment Charge                 213    
Investment in unconsolidated affiliate 2,594       4,520       2,594 4,520  
Enable Midstream Partners [Member] | Midstream Investments [Member]                      
Segment Reporting Information [Line Items]                      
Equity income [6]                 (1,633) 303 173
Enable Midstream Partners [Member] | CERC Corp [Member]                      
Segment Reporting Information [Line Items]                      
Impairment Charges                 1,846    
Southeast Supply Header LLC [Member]                      
Segment Reporting Information [Line Items]                      
Equity income [7]                 0 5 15
Investment in unconsolidated affiliate [8] $ 0       $ 1       0 1  
Southeast Supply Header LLC [Member] | Interstate Pipelines [Member]                      
Segment Reporting Information [Line Items]                      
Equity income                     7
Southeast Supply Header LLC [Member] | Midstream Investments [Member]                      
Segment Reporting Information [Line Items]                      
Equity income                 $ 0 $ 5 $ 8
[1] CERC recognized $984 million ($620 million after tax) in impairment charges related to Enable during the three months ended December 31, 2015.
[2] CERC recognized $862 million ($537 million after tax) in impairment charges related to Enable during the three months ended September 30, 2015.
[3] Interstate Pipelines recorded equity income of $7 million in the year ended December 31, 2013 from its interest in SESH, a jointly-owned pipeline. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. As discussed above, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has an Interstate Pipelines reporting segment prospectively.
[4] Results reflected in the year ended December 31, 2013 represent only January 2013 through April 2013.
[5] Midstream Investments’ equity earnings (losses) are as follows: Year Ended December 31, 2015 2014 2013 (in millions)Enable (1) $(1,633) $303 $173SESH — 5 8 Total $(1,633) $308 $181(1)These amounts include CERC’s share of Enable’s impairment of goodwill and long-lived assets and the impairment of CERC’s equity method investment in Enable totaling $1,846 million during the year ended December 31, 2015. This impairment is offset by $213 million of earnings for the year ended December 31, 2015.Midstream Investments’ total assets are as follows: December 31, 2015 December 31, 2014 (in millions)Enable $2,594 $4,520SESH — 1 Total $2,594 $4,521
[6] These amounts include CERC’s share of Enable’s impairment of goodwill and long-lived assets and the impairment of CERC’s equity method investment in Enable totaling $1,846 million during the year ended December 31, 2015. This impairment is offset by $213 million of earnings for the year ended December 31, 2015.
[7] CERC contributed a 24.95% interest in SESH to Enable on May 30, 2014 and its remaining interest in SESH to Enable on June 30, 2015.
[8] CERC disposed of its remaining interest in SESH on June 30, 2015.