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CONSOLIDATED BALANCE SHEETS - HOUSTON ELECTRIC - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 230 $ 147
Accrued unbilled revenue, less allowance for credit losses 513 505
Prepaid expense and other current assets ($19 and $15 related to VIEs, respectively) 132 121
Total current assets 7,355 2,920
Property, Plant and Equipment, net 23,484 22,362
Other Assets:    
Regulatory assets ($420 and $633 related to VIEs, respectively) 2,321 2,094
Other non-current assets 220 253
Total other assets 6,840 8,189
Total Assets 37,679 33,471
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 220 211
Current portion of other long-term debt 308 1,669
Accounts payable 1,196 853
Taxes accrued 378 265
Interest accrued 136 145
Other 323 432
Total current liabilities 4,287 4,825
Other Liabilities:    
Deferred income taxes, net 3,904 3,603
Benefit obligations 511 680
Regulatory liabilities 3,153 3,448
Other 836 1,019
Total other liabilities 8,416 8,777
Long-term Debt:    
VIE Securitization Bonds, net 317 536
Other long-term debt, net 15,241 10,985
Total long-term debt, net 15,558 11,521
Commitments and Contingencies (Note 16) 
Shareholders’ Equity:    
Common stock 6 6
Additional paid-in capital 8,529 6,914
Retained earnings (accumulated deficit) 154 (845)
Total shareholders’ equity 9,415 8,348
Total Liabilities and Shareholders’ Equity 37,679 33,471
Houston Electric    
Current Assets:    
Cash and cash equivalents 214 139
Accounts and notes receivable, net 263 268
Accounts and notes receivable—affiliated companies 11 7
Accrued unbilled revenue, less allowance for credit losses 127 113
Materials and supplies 292 195
Prepaid expense and other current assets ($19 and $15 related to VIEs, respectively) 49 47
Total current assets 956 769
Property, Plant and Equipment, net 11,203 9,663
Other Assets:    
Regulatory assets ($420 and $633 related to VIEs, respectively) 789 848
Other non-current assets 32 36
Total other assets 821 884
Total Assets 12,980 11,316
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 220 211
Current portion of other long-term debt 300 402
Accounts payable 510 281
Accounts payable - affiliated companies 568 96
Taxes accrued 193 158
Interest accrued 74 71
Other 91 117
Total current liabilities 1,956 1,336
Other Liabilities:    
Deferred income taxes, net 1,122 1,041
Benefit obligations 55 75
Regulatory liabilities 1,152 1,252
Other 98 95
Total other liabilities 2,427 2,463
Long-term Debt:    
VIE Securitization Bonds, net 317 536
Other long-term debt, net 4,658 3,870
Total long-term debt, net 4,975 4,406
Commitments and Contingencies (Note 16) 
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,678 2,548
Retained earnings (accumulated deficit) 944 563
Total shareholders’ equity 3,622 3,111
Total Liabilities and Shareholders’ Equity $ 12,980 $ 11,316