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CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Utility revenues $ 1,538 $ 1,548 $ 5,087 $ 5,284
Non-utility revenues 84 110 277 261
Total 1,622 1,658 5,364 5,545
Expenses:        
Utility natural gas, fuel and purchased power 170 171 981 1,228
Non-utility cost of revenues, including natural gas 63 80 196 188
Operation and maintenance 659 621 1,976 2,042
Depreciation and amortization 306 316 885 938
Taxes other than income taxes 122 113 387 352
Goodwill Impairment 0 0 185 0
Total 1,320 1,301 4,610 4,748
Operating Income 302 357 754 797
Other Income (Expense):        
Gain on marketable securities 83 59 14 206
Loss on indexed debt securities (84) (62) (25) (216)
Interest expense and other finance charges (121) (134) (388) (389)
Interest expense on Securitization Bonds (7) (9) (22) (31)
Equity in earnings (loss) of unconsolidated affiliates, net (67) 77 (1,499) 213
Interest Income 1 3 2 16
Interest income from Securitization Bonds 0 1 1 4
Other income (expense), net 10 5 44 20
Total (185) (60) (1,873) (177)
Income (Loss) from Continuing Operations before Income Taxes 117 297 (1,119) 620
Income tax expense (benefit) (10) 46 (328) 75
Income (Loss) from Continuing Operations 127 251 (791) 545
Income (Loss) from Discontinued Operations (6) 19 (182) 89
Net Income (Loss) 121 270 (973) 634
Income allocated to preferred shareholders 52 29 127 88
Income (Loss) Available to Common Shareholders $ 69 $ 241 $ (1,100) $ 546
Basic earnings (loss) per common share - continuing operations $ 0.14 $ 0.44 $ (1.75) $ 0.91
Basic earnings (loss) per common share - discontinued operations (0.01) 0.04 (0.35) 0.18
Basic Earnings (Loss) Per Common Share 0.13 0.48 (2.10) 1.09
Earnings Per Share, Diluted [Abstract]        
Diluted earnings (loss) per common share - continuing operations 0.14 0.44 (1.75) 0.91
Diluted earnings (loss) per common share - discontinued operations (0.01) 0.03 (0.35) 0.17
Diluted Earnings (Loss) Per Common Share $ 0.13 $ 0.47 $ (2.10) $ 1.08
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [Abstract]        
Discontinued Operation, Tax Effect of Discontinued Operation $ 0 $ 16 $ 21 $ 38
Weighted Average Common Shares Outstanding, Basic 544,811,000 502,228,000 525,160,000 501,986,000
Weighted Average Common Shares Outstanding, Diluted 548,188,000 505,080,000 525,160,000 504,838,000
Houston Electric [Member]        
Revenues:        
Total $ 828 $ 859 $ 2,182 $ 2,310
Expenses:        
Operation and maintenance 381 359 1,104 1,086
Depreciation and amortization 151 168 420 519
Taxes other than income taxes 64 63 192 186
Total 596 590 1,716 1,791
Operating Income 232 269 466 519
Other Income (Expense):        
Interest expense and other finance charges (43) (41) (127) (123)
Interest expense on Securitization Bonds (7) (9) (22) (31)
Interest Income 1 8 2 18
Interest income from Securitization Bonds 0 1 1 4
Other income (expense), net 0 (2) 4 (5)
Total (49) (43) (142) (137)
Income (Loss) from Continuing Operations before Income Taxes 183 226 324 382
Income tax expense (benefit) 26 41 47 70
Net Income (Loss) 157 185 277 312
CERC Corp [Member]        
Revenues:        
Utility revenues 415 398 1,878 2,106
Non-utility revenues 11 22 42 52
Total 426 420 1,920 2,158
Expenses:        
Utility natural gas, fuel and purchased power 106 105 715 978
Non-utility cost of revenues, including natural gas 2 11 15 29
Operation and maintenance 186 181 574 608
Depreciation and amortization 78 72 226 218
Taxes other than income taxes 40 33 134 120
Total 412 402 1,664 1,953
Operating Income 14 18 256 205
Other Income (Expense):        
Interest expense and other finance charges (28) (28) (87) (87)
Interest Income 0 1 0 4
Other income (expense), net (1) (4) (5) (10)
Total (29) (31) (92) (93)
Income (Loss) from Continuing Operations before Income Taxes (15) (13) 164 112
Income tax expense (benefit) (9) (3) 22 10
Income (Loss) from Continuing Operations (6) (10) 142 102
Income (Loss) from Discontinued Operations 2 3 (66) 57
Net Income (Loss) (4) (7) 76 159
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [Abstract]        
Discontinued Operation, Tax Effect of Discontinued Operation $ 1 $ 2 $ (2) $ 15