XML 91 R71.htm IDEA: XBRL DOCUMENT v3.20.2
Equity (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
May 06, 2020
Apr. 01, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 01, 2020
Class of Stock [Line Items]                  
Common Stock, Capital Shares Reserved for Future Issuance                 58,051,121
Dividends declared per share     $ 0.1500   $ 0.2875   $ 0.4400 $ 0.2875  
Preferred Stock Dividends and Other Adjustments [Abstract]                  
Preferred stock dividend requirement     $ 37   $ 30   $ 66 $ 59  
Amortization of Beneficial Conversion Feature     9   0   9 0  
Total income allocated to preferred shareholders     46   30   75 59  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Beginning Balance   $ (100) (100) $ (98) (107) $ (108) (98) (108)  
Other comprehensive loss from unconsolidated affiliates, net of tax     0   0   (3) 0  
Prior service cost (2) [1]     1   1   1 1  
Actuarial losses (2) [1]     1   2   3 4  
Reclassification of deferred loss from cash flow hedges realized in net income             0 1  
Reclassification of net deferred loss from cash flow hedges (3)     19       19 [2]    
Tax expense     (5)   (1)   (6) (2)  
Net current period other comprehensive income (loss)     16   2   14 3  
Ending Balance     $ (84) (100) (105) (107) (84) (105)  
Proceeds from Issuance of Common Stock             $ 673 $ 0  
Common Stock [Member]                  
Class of Stock [Line Items]                  
Dividends paid per share             $ 0.4400 $ 0.5750  
Total dividends paid             $ 227 $ 288  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Stock Issued During Period, Shares, New Issues 41,977,612   42,000,000       42,000,000    
Shares Issued, Price Per Share $ 16.08                
Proceeds from Issuance of Common Stock $ 673                
Series A Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Preferred stock dividends declared     $ 0.0000       $ 30.6250    
Dividends paid per share             $ 30.6250 $ 32.1563  
Total dividends paid             $ 25 $ 26  
Preferred Stock Dividends and Other Adjustments [Abstract]                  
Preferred stock dividend requirement     $ 13   $ 13   $ 25 $ 25  
Series B Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Preferred stock dividends declared     $ 17.5000   $ 17.5000   $ 35.0000 $ 17.5000  
Dividends paid per share             $ 35.0000 $ 35.0000  
Total dividends paid             $ 34 $ 34  
Preferred Stock Dividends and Other Adjustments [Abstract]                  
Preferred stock dividend requirement     $ 17   $ 17   $ 34 34  
Series C Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Preferred Stock, Shares Issued 725,000                
Convertible Preferred Stock, Shares Issued upon Conversion 47,354,670                
Preferred Stock, Liquidation Preference Per Share $ 1,000                
Preferred stock dividends declared     $ 0.1500       $ 0.1500    
Dividends paid per share             $ 0.1500    
Total dividends paid             $ 7    
Preferred Stock Dividends and Other Adjustments [Abstract]                  
Preferred stock dividend requirement     $ 7       7    
Amortization of Beneficial Conversion Feature     9       9    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Proceeds from Issuance of Convertible Preferred Stock $ 724                
Preferred Stock, Convertible, Conversion Price $ 15.31                
Preferred Stock, Convertible, Conversion Limit 4.90%                
Preferred Stock, Convertible, Percent Outstanding Shares To Amend 66 2/3%                
Houston Electric [Member]                  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Beginning Balance   (15) (15) (15) (15) (14) (15) (14)  
Other comprehensive loss from unconsolidated affiliates, net of tax             0 0  
Prior service cost (2) [1]     0   0   0 0  
Actuarial losses (2) [1]     0   0   0 0  
Reclassification of deferred loss from cash flow hedges realized in net income             0 0  
Reclassification of net deferred loss from cash flow hedges (3)     19       19 [2]    
Tax expense     (4)   0   (4) 0  
Net current period other comprehensive income (loss)     15   0   15 (1)  
Ending Balance     0 (15) (15) (15) 0 (15)  
CERC Corp [Member]                  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Beginning Balance   $ 10 10 10 5 5 10 5  
Other comprehensive loss from unconsolidated affiliates, net of tax             0 0  
Prior service cost (2) [1]     0   0   0 0  
Actuarial losses (2) [1]     0   0   0 0  
Reclassification of deferred loss from cash flow hedges realized in net income             0 0  
Tax expense     0   0   0 0  
Net current period other comprehensive income (loss)             0 0  
Ending Balance     $ 10 $ 10 $ 5 $ 5 10 5  
Interest Rate Contract [Member]                  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Deferred gain (loss) from interest rate derivatives (1) [3]             0 (1)  
Interest Rate Contract [Member] | Houston Electric [Member]                  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Deferred gain (loss) from interest rate derivatives (1) [3]             0 (1)  
Interest Rate Contract [Member] | CERC Corp [Member]                  
Accumulated Other Comprehensive Income (Loss) [Roll Forward]                  
Deferred gain (loss) from interest rate derivatives (1) [3]             $ 0 $ 0  
First Quarter 2020 [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date       Feb. 03, 2020          
Record Date       Feb. 20, 2020          
Payment Date       Mar. 12, 2020          
Dividends paid per share       $ 0.2900          
Total dividends paid       $ 145          
First Quarter 2020 [Member] | Series A Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date       Feb. 03, 2020          
Record Date       Feb. 14, 2020          
Payment Date       Mar. 02, 2020          
Dividends paid per share       $ 30.6250          
Total dividends paid       $ 25          
First Quarter 2020 [Member] | Series B Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date       Feb. 03, 2020          
Record Date       Feb. 14, 2020          
Payment Date       Mar. 02, 2020          
Dividends paid per share       $ 17.5000          
Total dividends paid       $ 17          
Second Quarter 2020 [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date     Apr. 24, 2020            
Record Date     May 21, 2020            
Payment Date     Jun. 11, 2020            
Dividends paid per share     $ 0.1500            
Total dividends paid     $ 82            
Second Quarter 2020 [Member] | Series B Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date     Apr. 24, 2020            
Record Date     May 15, 2020            
Payment Date     Jun. 01, 2020            
Dividends paid per share     $ 17.5000            
Total dividends paid     $ 17            
Second Quarter 2020 [Member] | Series C Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date [4]     Apr. 24, 2020            
Record Date     May 21, 2020            
Payment Date     Jun. 11, 2020            
Dividends paid per share     $ 0.1500            
Total dividends paid     $ 7            
First Quarter 2019 [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date         Dec. 12, 2018        
Record Date         Feb. 21, 2019        
Payment Date         Mar. 14, 2019        
Dividends paid per share         $ 0.2875        
Total dividends paid         $ 144        
First Quarter 2019 [Member] | Series A Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date           Dec. 12, 2018      
Record Date           Feb. 15, 2019      
Payment Date           Mar. 01, 2019      
Dividends paid per share           $ 32.1563      
Total dividends paid           $ 26      
First Quarter 2019 [Member] | Series B Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date           Dec. 12, 2018      
Record Date           Feb. 15, 2019      
Payment Date           Mar. 01, 2019      
Dividends paid per share           $ 17.5000      
Total dividends paid           $ 17      
Second Quarter 2019 [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date         Apr. 25, 2019        
Record Date         May 16, 2019        
Payment Date         Jun. 13, 2019        
Dividends paid per share         $ 0.2875        
Total dividends paid         $ 144        
Second Quarter 2019 [Member] | Series B Preferred Stock [Member]                  
Class of Stock [Line Items]                  
Declaration Date         Apr. 25, 2019        
Record Date         May 15, 2019        
Payment Date         Jun. 03, 2019        
Dividends paid per share         $ 17.5000        
Total dividends paid         $ 17        
Previous Dividend or Distribution [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Dividends declared per share   $ 0.2900              
Revised Dividend or Distribution [Member] | Common Stock [Member]                  
Class of Stock [Line Items]                  
Dividends declared per share   $ 0.1500              
[1]
Amounts are included in the computation of net periodic cost and are reflected in Other income (expense), net in each of the Registrants’ respective Statements of Consolidated Income.
[2]
The cost of debt approved by the PUCT as part of Houston Electric’s Stipulation and Settlement Agreement included unrealized gains and losses on interest rate hedges. Accordingly, deferred gains and losses on interest rate hedges were reclassified to regulatory assets or liabilities, as appropriate.
[3]
Gains and losses are reclassified from Accumulated other comprehensive income into income when the hedged transactions affect earnings. The reclassification amounts are included in Interest and other finance charges in each of the Registrants’ respective Statements of Consolidated Income. Over the next twelve months estimated amortization from Accumulated Comprehensive Income into income is expected to be immaterial.
[4]
Declaration date for dividends on Common Stock. The Series C Preferred Stock is entitled to participate in any dividend or distribution (excluding those payable in Common Stock) with the Common Stock on a pari passu, pro rata, as-converted basis. The per share amount reflects the dividend per share of Common Stock as if the Series C Preferred Stock were converted into Common Stock.