XML 28 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 271 $ 4,231
Investment in marketable securities 687 540
Accounts receivable, less bad debt reserve 1,173 1,190
Accrued unbilled revenues 365 378
Natural gas inventory 212 194
Materials and supplies 267 200
Non-trading derivative assets 101 100
Taxes receivable 69 0
Prepaid expenses and other current assets 181 192
Total current assets 3,326 7,025
Property, Plant and Equipment:    
Property, plant and equipment 29,552 20,267
Less: accumulated depreciation and amortization 9,620 6,223
Property, plant and equipment, net 19,932 14,044
Other Assets:    
Goodwill 5,179 867
Regulatory assets 2,228 1,967
Notes receivable – unconsolidated affiliate 4 0
Non-trading derivative assets 44 38
Investment in unconsolidated affiliates 2,470 2,482
Preferred units – unconsolidated affiliate 363 363
Intangible assets, net 370 65
Other 273 158
Total other assets 10,931 5,940
Total Assets 34,189 27,009
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 349 458
Indexed debt, net 22 24
Current portion of other long-term debt 117 0
Indexed debt securities derivative 755 601
Accounts payable 936 1,240
Taxes accrued 158 204
Interest accrued 157 121
Dividends accrued 0 187
Customer deposits 126 86
Non-trading derivative liabilities 33 126
Other 343 255
Total current liabilities 2,996 3,302
Other Liabilities:    
Deferred income taxes, net 3,805 3,239
Non-trading derivative liabilities 18 5
Benefit obligations 872 796
Regulatory liabilities 3,467 2,525
Other 653 402
Total other liabilities 8,815 6,967
Long-term Debt:    
VIE Securitization Bonds, net 845 977
Other long-term debt, net 13,276 7,705
Total long-term debt, net 14,121 8,682
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Cumulative preferred stock, $0.01 par value, 20,000,000 shares authorized
Common stock 5 5
Additional paid-in capital 6,065 6,072
Retained earnings 552 349
Accumulated other comprehensive income (loss) (105) (108)
Total shareholders’ equity 8,257 8,058
Total Liabilities and Shareholders’ Equity 34,189 27,009
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents 260 335
Accounts and notes receivable, less bad debt reserve 327 283
Accounts and notes receivable–affiliated companies 831 20
Accrued unbilled revenues 122 110
Materials and supplies 142 135
Taxes receivable 13 5
Prepaid expenses and other current assets 41 61
Total current assets 1,736 949
Property, Plant and Equipment:    
Property, plant and equipment 12,457 12,148
Less: accumulated depreciation and amortization 3,762 3,746
Property, plant and equipment, net 8,695 8,402
Other Assets:    
Regulatory assets 1,016 1,124
Other 31 32
Total other assets 1,047 1,156
Total Assets 11,478 10,507
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 349 458
Accounts payable 226 262
Accounts and notes payable–affiliated companies 59 78
Taxes accrued 63 115
Interest accrued 82 64
Non-trading derivative liabilities 0 24
Other 73 89
Total current liabilities 852 1,090
Other Liabilities:    
Deferred income taxes, net 1,010 1,023
Benefit obligations 87 91
Regulatory liabilities 1,286 1,298
Other 69 65
Total other liabilities 2,452 2,477
Long-term Debt:    
VIE Securitization Bonds, net 845 977
Other long-term debt, net 3,971 3,281
Total long-term debt, net 4,816 4,258
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,486 1,896
Retained earnings 887 800
Accumulated other comprehensive income (loss) (15) (14)
Total shareholders’ equity 3,358 2,682
Total Liabilities and Shareholders’ Equity 11,478 10,507
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 1 14
Accounts receivable, less bad debt reserve 506 894
Accounts and notes receivable–affiliated companies 192 120
Accrued unbilled revenues 90 268
Natural gas inventory 159 194
Materials and supplies 71 65
Non-trading derivative assets 101 100
Prepaid expenses and other current assets 39 115
Total current assets 1,159 1,770
Property, Plant and Equipment:    
Property, plant and equipment 7,710 7,431
Less: accumulated depreciation and amortization 2,306 2,205
Property, plant and equipment, net 5,404 5,226
Other Assets:    
Goodwill 867 867
Regulatory assets 187 181
Non-trading derivative assets 44 38
Other 154 132
Total other assets 1,252 1,218
Total Assets 7,815 8,214
Current Liabilities:    
Accounts payable 406 856
Accounts and notes payable–affiliated companies 45 50
Taxes accrued 51 82
Interest accrued 38 38
Customer deposits 74 75
Non-trading derivative liabilities 28 102
Other 132 137
Total current liabilities 774 1,340
Other Liabilities:    
Deferred income taxes, net 446 406
Non-trading derivative liabilities 7 5
Benefit obligations 94 93
Regulatory liabilities 1,234 1,227
Other 357 329
Total other liabilities 2,138 2,060
Long-term Debt:    
Total long-term debt, net 2,397 2,371
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,015 2,015
Retained earnings 486 423
Accumulated other comprehensive income (loss) 5 5
Total shareholders’ equity 2,506 2,443
Total Liabilities and Shareholders’ Equity 7,815 8,214
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock, $0.01 par value 790 790
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock, $0.01 par value $ 950 $ 950