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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 220 $ 241
Investment in marketable securities 678 822
Accounts receivable, less bad debt reserve 711 702
Accrued unbilled revenues, less bad debt reserve 320 469
Natural gas inventory 97 209
Materials and supplies 278 263
Taxes receivable 93 106
Current assets held for sale 1,647 1,002
Prepaid expenses and other current assets 120 123
Total current assets 4,164 3,937
Property, Plant and Equipment:    
Property, plant and equipment 30,830 30,324
Less: accumulated depreciation and amortization 9,852 9,700
Property, plant and equipment, net 20,978 20,624
Other Assets:    
Goodwill 4,697 4,882
Regulatory assets 2,120 2,117
Investment in unconsolidated affiliates 850 2,408
Preferred units – unconsolidated affiliate 363 363
Total non-current assets held for sale 0 962
Other 223 236
Total other assets 8,253 10,968
Total Assets 33,395 35,529
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 204 231
Indexed debt, net 18 19
Current portion of other long-term debt 1,204 618
Indexed debt securities derivative 758 893
Accounts payable 739 884
Taxes accrued 177 239
Interest accrued 126 158
Customer deposits 124 124
Non-trading derivative liabilities 9 7
Current liabilities held for sale 383 455
Other 300 350
Total current liabilities 4,042 3,978
Other Liabilities:    
Deferred income taxes, net 3,562 3,928
Non-trading derivative liabilities 14 15
Benefit obligations 746 750
Regulatory liabilities 3,480 3,474
Total non-current liabilities held for sale 0 43
Other 751 738
Total other liabilities 8,553 8,948
Long-term Debt:    
VIE Securitization Bonds, net 710 746
Other long-term debt, net 13,120 13,498
Total long-term debt, net 13,830 14,244
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 6,086 6,080
Retained earnings (accumulated deficit) (761) 632
Accumulated other comprehensive income (loss) (100) (98)
Total shareholders’ equity 6,970 8,359
Total Liabilities and Shareholders’ Equity 33,395 35,529
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents 196 216
Accounts and notes receivable, less bad debt reserve 244 238
Accounts and notes receivable–affiliated companies 11 523
Accrued unbilled revenues, less bad debt reserve 92 117
Materials and supplies 157 147
Prepaid expenses and other current assets 36 49
Total current assets 736 1,290
Property, Plant and Equipment:    
Property, plant and equipment 13,058 12,829
Less: accumulated depreciation and amortization 3,844 3,797
Property, plant and equipment, net 9,214 9,032
Other Assets:    
Regulatory assets 891 915
Other 29 25
Total other assets 920 940
Total Assets 10,870 11,262
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 204 231
Accounts payable 259 268
Accounts and notes payable–affiliated companies 175 76
Taxes accrued 61 123
Interest accrued 51 69
Other 78 63
Total current liabilities 828 830
Other Liabilities:    
Deferred income taxes, net 1,036 1,030
Benefit obligations 72 75
Regulatory liabilities 1,271 1,288
Other 80 69
Total other liabilities 2,459 2,462
Long-term Debt:    
VIE Securitization Bonds, net 710 746
Other long-term debt, net 3,974 3,973
Total long-term debt, net 4,684 4,719
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,486 2,486
Retained earnings (accumulated deficit) 428 780
Accumulated other comprehensive income (loss) (15) (15)
Total shareholders’ equity 2,899 3,251
Total Liabilities and Shareholders’ Equity 10,870 11,262
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 1 2
Accounts receivable, less bad debt reserve 324 322
Accounts and notes receivable–affiliated companies 11 10
Accrued unbilled revenues, less bad debt reserve 140 249
Natural gas inventory 30 135
Materials and supplies 74 71
Current assets held for sale 675 691
Prepaid expenses and other current assets 8 9
Total current assets 1,263 1,489
Property, Plant and Equipment:    
Property, plant and equipment 8,210 8,079
Less: accumulated depreciation and amortization 2,312 2,270
Property, plant and equipment, net 5,898 5,809
Other Assets:    
Goodwill 757 757
Regulatory assets 192 191
Total non-current assets held for sale 0 213
Other 40 53
Total other assets 989 1,214
Total Assets 8,150 8,512
Current Liabilities:    
Current portion of other long-term debt 593 0
Accounts payable 235 333
Accounts and notes payable–affiliated companies 48 47
Taxes accrued 80 84
Interest accrued 31 38
Customer deposits 75 74
Current liabilities held for sale 275 368
Other 134 167
Total current liabilities 1,471 1,111
Other Liabilities:    
Deferred income taxes, net 498 470
Benefit obligations 80 80
Regulatory liabilities 1,235 1,219
Total non-current liabilities held for sale 0 27
Other 411 418
Total other liabilities 2,224 2,214
Long-term Debt:    
Total long-term debt, net 1,784 2,546
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,116 2,116
Retained earnings (accumulated deficit) 545 515
Accumulated other comprehensive income (loss) 10 10
Total shareholders’ equity 2,671 2,641
Total Liabilities and Shareholders’ Equity 8,150 8,512
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