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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 791 $ 368 $ 1,792
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,287 1,243 1,036
Amortization of deferred financing costs 29 48 24
Deferred income taxes 69 48 (770)
Goodwill impairment charge recorded from annual impairment test 48 0 0
Amortization expense of intangible assets recorded in Depreciation and amortization (1) (2) 24 0 0
Unrealized loss (gain) on marketable securities (282) 22 (7)
Loss (gain) on indexed debt securities 292 232 (49)
Write-down of natural gas inventory 4 2 0
Income (Loss) from Equity Method Investments (230) (307) (265)
Proceeds from Equity Method Investment, Distribution 261 267 0
Pension contributions (109) (69) (48)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 226 (154) (216)
Inventory (52) 1 (7)
Taxes receivable (106) 0 30
Accounts payable (455) 220 136
Fuel cost recovery 92 33 (85)
Non-trading derivatives, net (64) 103 (84)
Margin deposits, net (56) 5 (55)
Interest and taxes accrued 54 40 5
Net regulatory assets and liabilities (114) 28 (107)
Other current assets (22) 0 (3)
Other current liabilities (107) (24) 34
Other assets 103 6 (4)
Other liabilities (54) 12 36
Other, net 9 12 24
Net cash provided by operating activities 1,638 2,136 1,417
Cash Flows from Investing Activities:      
Capital expenditures (2,506) (1,651) (1,426)
Acquisitions, net of cash acquired (5,991) 0 (132)
Distributions from unconsolidated affiliates in excess of cumulative earnings 42 30 297
Proceeds from sale of marketable securities 0 398 0
Proceeds from sale of assets 5 0 0
Purchase of investments (6) 0 0
Other, net 35 16 4
Net cash provided by (used in) investing activities (8,421) (1,207) (1,257)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net 0 (39) 4
Proceeds from (payments of) commercial paper, net 1,891 (1,543) 349
Proceeds from long-term debt, net 2,916 2,495 1,096
Payments of long-term debt (1,302) (484) (1,211)
Loss on reacquired debt 0 0 (5)
Debt and equity issuance costs (20) (47) (13)
Payment of dividends on Common Stock (577) (499) (461)
Payment of dividends on preferred stock (118) (11) 0
Proceeds from issuance of Common Stock, net 0 1,844 0
Proceeds from issuance of preferred stock, net 0 1,740 0
Distribution to ZENS holders 0 (398) 0
Other, net (14) (5) (4)
Net cash provided by (used in) financing activities 2,776 3,053 (245)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (4,007) 3,982 (85)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 4,278 296 381
Cash, Cash Equivalents and Restricted Cash at End of Year 271 4,278 296
Houston Electric [Member]      
Cash Flows from Operating Activities:      
Net income 356 336 433
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 648 917 724
Amortization of deferred financing costs 12 11 13
Deferred income taxes (24) (38) (98)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 38 11 (73)
Accounts receivable/payable–affiliated companies (23) 20 (46)
Inventory (12) (16) 15
Taxes receivable 5 (5) 6
Accounts payable 13 (1) 59
Non-trading derivatives, net (25) 5 0
Interest and taxes accrued 13 (2) 7
Net regulatory assets and liabilities (48) (97) (148)
Other current assets (5) (2) (6)
Other current liabilities (9) (26) 16
Other assets 5 (3) 13
Other liabilities (12) 17 (4)
Other, net (14) (12) (6)
Net cash provided by operating activities 918 1,115 905
Cash Flows from Investing Activities:      
Capital expenditures (1,025) (922) (875)
(Increase) decrease in notes receivable–affiliated companies (481) 0 96
Other, net 11 11 3
Net cash provided by (used in) investing activities (1,495) (911) (776)
Cash Flows from Financing Activities:      
Proceeds from long-term debt, net 696 398 298
Payments of long-term debt (458) (434) (411)
Dividend to parent (376) (209) (180)
Increase (decrease) in notes payable–affiliated companies (1) (59) 60
Debt issuance costs (8) (4) (3)
Contribution from parent 590 200 0
Other, net (1) 0 0
Net cash provided by (used in) financing activities 442 (108) (236)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (135) 96 (107)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 370 274 381
Cash, Cash Equivalents and Restricted Cash at End of Year 235 370 274
CERC Corp [Member]      
Cash Flows from Operating Activities:      
Net income 212 208 745
Income (loss) from discontinued operations, net of tax 0 138 161
Income (loss) from continuing operations 212 70 584
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 305 293 279
Amortization of deferred financing costs 9 9 9
Deferred income taxes 7 31 (224)
Goodwill impairment charge recorded from annual impairment test 48 0 0
Write-down of natural gas inventory 4 2 0
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 252 (155) (143)
Accounts receivable/payable–affiliated companies (6) 9 0
Inventory (12) 17 (22)
Accounts payable (305) 163 64
Fuel cost recovery 86 33 (85)
Non-trading derivatives, net (60) 98 (82)
Margin deposits, net (56) 5 (55)
Interest and taxes accrued 2 0 (41)
Net regulatory assets and liabilities (10) 50 (27)
Other current assets 1 4 2
Other current liabilities 22 (3) 15
Other assets 5 5 (8)
Other liabilities (38) 6 6
Other, net 0 1 6
Net cash provided by operating activities from continuing operations 466 638 278
Net cash provided by operating activities from discontinued operations 0 176 0
Net cash provided by operating activities 466 814 278
Cash Flows from Investing Activities:      
Capital expenditures (776) (633) (513)
Acquisitions, net of cash acquired 0 0 (132)
(Increase) decrease in notes receivable–affiliated companies 114 (114) 0
Other, net 0 3 2
Net cash used in investing activities from continuing operations (662) (744) (643)
Net cash provided by investing activities from discontinued operations 0 47 297
Net cash provided by (used in) investing activities (662) (697) (346)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net 0 (39) 4
Proceeds from (payments of) commercial paper, net 167 (688) 329
Proceeds from long-term debt, net 0 599 298
Payments of long-term debt 0 0 (550)
Dividend to parent (120) (360) (601)
Increase (decrease) in notes payable–affiliated companies 0 (570) 570
Loss on reacquired debt 0 0 (5)
Debt issuance costs 0 (5) (4)
Contribution from parent 129 960 38
Other, net (3) (1) 0
Net cash used in financing activities from continuing operations 173 (104) 79
Net cash provided by financing activities from discontinued operations 0 0 0
Net cash provided by (used in) financing activities 173 (104) 79
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (23) 13 11
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 25 12 1
Cash, Cash Equivalents and Restricted Cash at End of Year $ 2 $ 25 $ 12