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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents [1] $ 241 $ 4,231
Investment in marketable securities 822 540
Accounts receivable 1,249 1,190
Accrued unbilled revenues 586 378
Natural gas and coal inventory 277 194
Materials and supplies 269 200
Non-trading derivative assets 136 100
Taxes receivable 106 0
Prepaid expense and other current assets 161 192
Total current assets 3,847 7,025
Property, Plant and Equipment, net 20,945 14,044
Other Assets:    
Goodwill 5,164 867
Regulatory assets 2,117 1,967
Non-trading derivative assets 58 38
Investment in unconsolidated affiliates 2,408 2,482
Preferred units - unconsolidated affiliate 363 363
Intangible Assets, Net (Excluding Goodwill) 321 65
Other 216 158
Total other assets 10,647 5,940
Total Assets 35,439 27,009
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 231 458
Indexed debt, net 19 24
Current portion of other long-term debt 618 0
Indexed debt securities derivative 893 601
Accounts payable 1,138 1,240
Taxes accrued 241 204
Interest accrued 158 121
Dividends accrued 0 187
Customer deposits 125 86
Non-trading derivative liabilities 51 126
Other 414 255
Total current liabilities 3,888 3,302
Other Liabilities:    
Deferred income taxes, net 3,928 3,239
Non-trading derivative liabilities 29 5
Benefit obligations 754 796
Regulatory liabilities 3,474 2,525
Other 763 402
Total other liabilities 8,948 6,967
Long-term Debt:    
VIE Securitization Bonds, net 746 977
Other long-term debt, net 13,498 7,705
Total long-term debt, net 14,244 8,682
Commitments and Contingencies (Note 16)
Shareholders’ Equity:    
Cumulative preferred stock, $0.01 par value, 20,000,000 shares authorized 0 0
Common stock 5 5
Additional paid-in capital 6,080 6,072
Retained earnings 632 349
Accumulated other comprehensive income (loss) (98) (108)
Total shareholders’ equity 8,359 8,058
Total Liabilities and Shareholders’ Equity 35,439 27,009
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents [2] 216 335
Accounts and notes receivable, net 238 283
Accounts and notes receivable—affiliated companies 523 20
Accrued unbilled revenues 117 110
Materials and supplies 147 135
Taxes receivable 0 5
Prepaid expense and other current assets 49 61
Total current assets 1,290 949
Property, Plant and Equipment, net 9,032 8,402
Other Assets:    
Regulatory assets 915 1,124
Other 25 32
Total other assets 940 1,156
Total Assets 11,262 10,507
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 231 458
Accounts payable 268 262
Accounts and notes payable—affiliated companies 76 78
Taxes accrued 123 115
Interest accrued 69 64
Non-trading derivative liabilities 0 24
Other 63 89
Total current liabilities 830 1,090
Other Liabilities:    
Deferred income taxes, net 1,030 1,023
Benefit obligations 75 91
Regulatory liabilities 1,288 1,298
Other 69 65
Total other liabilities 2,462 2,477
Long-term Debt:    
VIE Securitization Bonds, net 746 977
Other long-term debt, net 3,973 3,281
Total long-term debt, net 4,719 4,258
Commitments and Contingencies (Note 16)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,486 1,896
Retained earnings 780 800
Accumulated other comprehensive income (loss) (15) (14)
Total shareholders’ equity 3,251 2,682
Total Liabilities and Shareholders’ Equity 11,262 10,507
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 2 14
Accounts receivable 693 894
Accounts and notes receivable—affiliated companies 10 120
Accrued unbilled revenues 257 268
Natural gas and coal inventory 202 194
Materials and supplies 71 65
Non-trading derivative assets 136 100
Prepaid expense and other current assets 44 115
Total current assets 1,415 1,770
Property, Plant and Equipment, net 5,836 5,226
Other Assets:    
Goodwill 819 867
Regulatory assets 191 181
Non-trading derivative assets 58 38
Other 120 132
Total other assets 1,188 1,218
Total Assets [3] 8,439 8,214
Current Liabilities:    
Accounts payable 557 856
Accounts and notes payable—affiliated companies 48 50
Taxes accrued 84 82
Interest accrued 38 38
Customer deposits 76 75
Non-trading derivative liabilities 44 102
Other 191 137
Total current liabilities 1,038 1,340
Other Liabilities:    
Deferred income taxes, net 470 406
Non-trading derivative liabilities 14 5
Benefit obligations 83 93
Regulatory liabilities 1,219 1,227
Other 428 329
Total other liabilities 2,214 2,060
Long-term Debt:    
Total long-term debt, net 2,546 2,371
Commitments and Contingencies (Note 16)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,116 2,015
Retained earnings 515 423
Accumulated other comprehensive income (loss) 10 5
Total shareholders’ equity 2,641 2,443
Total Liabilities and Shareholders’ Equity 8,439 8,214
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock 790 790
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock $ 950 $ 950
[1]
CenterPoint Energy’s Cash and cash equivalents as of December 31, 2018 included $3.9 billion of temporary investments resulting from the Merger financings. CenterPoint Energy recorded interest income of $22 million, $28 million and $2 million for the years ended December 31, 2019, 2018 and 2017, respectively, in Other, net on CenterPoint Energy’s Statements of Consolidated Income. See Notes 13 and 14 for further details related to the Merger financings.
[2]
Houston Electric’s Cash and cash equivalents as of December 31, 2019 and 2018 included $216 million and $335 million, respectively, of cash related to the Bond Companies. Houston Electric recorded interest income of $9 million, $4 million and $2 million for the years ended December 31, 2019, 2018 and 2017, respectively, in Other, net on Houston Electric’s Statement of Consolidated Income.
[3]
On September 4, 2018, CERC completed the Internal Spin. For further information regarding the Internal Spin, see Note 11.