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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 146 $ 147
Investment in marketable securities 848 871
Accounts receivable, less allowance for credit losses 780 676
Accrued unbilled revenues, less allowance for credit losses 343 505
Natural gas and coal inventory 67 203
Materials and supplies 310 297
Taxes receivable 79 82
Prepaid expenses and other current assets 646 139
Total current assets 3,219 2,920
Property, Plant and Equipment:    
Property, plant and equipment 32,991 32,514
Less: accumulated depreciation and amortization 10,252 10,152
Property, plant and equipment, net 22,739 22,362
Other Assets:    
Goodwill 4,697 4,697
Regulatory assets 3,795 2,094
Investment in unconsolidated affiliates 853 783
Preferred units – unconsolidated affiliate 363 363
Other non-current assets 240 252
Total other assets 9,948 8,189
Total Assets 35,906 33,471
Current Liabilities:    
Short-term borrowings 0 24
Current portion of VIE Securitization Bonds long-term debt 212 211
Indexed debt, net 13 15
Current portion of other long-term debt 1,563 1,669
Indexed debt securities derivative 927 953
Accounts payable 797 853
Taxes accrued 229 265
Interest accrued 119 145
Dividends accrued 0 136
Customer deposits 120 119
Non-trading derivative liabilities 2 3
Other current liabilities 344 432
Total current liabilities 4,326 4,825
Other Liabilities:    
Deferred income taxes, net 3,687 3,603
Non-trading derivative liabilities 14 27
Benefit obligations 675 680
Regulatory liabilities 3,407 3,448
Other non-current liabilities 1,033 1,019
Total other liabilities 8,816 8,777
Long-term Debt:    
VIE Securitization Bonds, net 499 536
Other long-term debt, net 13,549 10,985
Total long-term debt, net 14,048 11,521
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Preferred stock 2,363 2,363
Common stock 6 6
Additional paid-in capital 6,916 6,914
Retained Earnings (Accumulated Deficit) (482) (845)
Accumulated other comprehensive income (loss) (87) (90)
Stockholders' Equity Attributable to Parent, Total 8,716 8,348
Total Liabilities and Shareholders’ Equity 35,906 33,471
Variable Interest Entity, Primary Beneficiary [Member]    
Current Assets:    
Cash and cash equivalents 142 139
Accounts receivable, less allowance for credit losses 24 23
Prepaid expenses and other current assets 16 15
Other Assets:    
Regulatory assets 597 633
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents 143 139
Accounts receivable, less allowance for credit losses 263 268
Accrued unbilled revenues, less allowance for credit losses 83 113
Accounts and notes receivable–affiliated companies 674 7
Materials and supplies 202 195
Prepaid expenses and other current assets 32 47
Total current assets 1,397 769
Property, Plant and Equipment:    
Property, plant and equipment 13,889 13,593
Less: accumulated depreciation and amortization 3,967 3,930
Property, plant and equipment, net 9,922 9,663
Other Assets:    
Regulatory assets 828 848
Other non-current assets 38 36
Total other assets 866 884
Total Assets 12,185 11,316
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 212 211
Current portion of other long-term debt 300 402
Accounts payable 333 281
Accounts and notes payable–affiliated companies 41 96
Taxes accrued 103 158
Interest accrued 53 71
Other current liabilities 115 117
Total current liabilities 1,157 1,336
Other Liabilities:    
Deferred income taxes, net 1,051 1,041
Benefit obligations 75 75
Regulatory liabilities 1,187 1,252
Other non-current liabilities 95 95
Total other liabilities 2,408 2,463
Long-term Debt:    
VIE Securitization Bonds, net 499 536
Other long-term debt, net 4,957 3,870
Total long-term debt, net 5,456 4,406
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Common stock 0 0
Additional paid-in capital 2,548 2,548
Retained Earnings (Accumulated Deficit) 616 563
Accumulated other comprehensive income (loss) 0 0
Stockholders' Equity Attributable to Parent, Total 3,164 3,111
Total Liabilities and Shareholders’ Equity 12,185 11,316
Houston Electric [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Current Assets:    
Cash and cash equivalents 142 139
Accounts receivable, less allowance for credit losses 24 23
Prepaid expenses and other current assets 16 15
Other Assets:    
Regulatory assets 597 633
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 1 1
Accounts receivable, less allowance for credit losses 349 233
Accrued unbilled revenues, less allowance for credit losses 167 260
Accounts and notes receivable–affiliated companies 11 8
Natural gas and coal inventory 27 121
Materials and supplies 64 58
Prepaid expenses and other current assets 381 26
Total current assets 1,000 707
Property, Plant and Equipment:    
Property, plant and equipment 9,070 8,972
Less: accumulated depreciation and amortization 2,466 2,414
Property, plant and equipment, net 6,604 6,558
Other Assets:    
Goodwill 757 757
Regulatory assets 1,947 220
Other non-current assets 48 66
Total other assets 2,752 1,043
Total Assets 10,356 8,308
Current Liabilities:    
Short-term borrowings 0 24
Accounts payable 273 296
Accounts and notes payable–affiliated companies 48 50
Taxes accrued 90 74
Interest accrued 30 28
Customer deposits 76 76
Other current liabilities 137 178
Total current liabilities 654 726
Other Liabilities:    
Deferred income taxes, net 632 584
Benefit obligations 83 83
Regulatory liabilities 1,242 1,226
Other non-current liabilities 678 694
Total other liabilities 2,635 2,587
Long-term Debt:    
Total long-term debt, net 4,349 2,428
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Common stock 0 0
Additional paid-in capital 2,046 2,046
Retained Earnings (Accumulated Deficit) 662 511
Accumulated other comprehensive income (loss) 10 10
Stockholders' Equity Attributable to Parent, Total 2,718 2,567
Total Liabilities and Shareholders’ Equity $ 10,356 $ 8,308