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Condensed Consolidated Balance Sheets - Houston Electric - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 125 $ 230
Accounts receivable, less allowance for credit losses 943 690
Accrued unbilled revenues, less allowance for credit losses 432 513
Materials and supplies 458 422
Prepaid expenses and other current assets 100 132
Total current assets 4,188 7,355
Property, Plant and Equipment:    
Property, plant and equipment 34,495 33,673
Less: accumulated depreciation and amortization 10,282 10,189
Property, plant and equipment, net 24,213 23,484
Other Assets:    
Regulatory assets 2,270 2,321
Other non-current assets 231 220
Total other assets 6,801 6,840
Total Assets 35,202 37,679
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 182 220
Current portion of other long-term debt 1,582 308
Accounts payable 1,036 1,196
Taxes accrued 489 378
Interest accrued 116 136
Other current liabilities 283 323
Total current liabilities 4,605 4,287
Other Liabilities:    
Deferred income taxes, net 3,951 3,904
Benefit obligations 499 511
Regulatory liabilities 3,250 3,153
Other non-current liabilities 834 836
Total other liabilities 8,539 8,416
Long-term Debt:    
VIE Securitization Bonds, net 317 317
Other long-term debt, net 11,789 15,241
Total long-term debt, net 12,106 15,558
Commitments and Contingencies (Note 13)
Shareholders’ Equity:    
Common stock 6 6
Additional paid-in capital 8,532 8,529
Retained earnings 685 154
Total shareholders’ equity 9,951 9,415
Total Liabilities and Shareholders’ Equity 35,202 37,679
Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 104 92
Accounts receivable, less allowance for credit losses 29 29
Prepaid expenses and other current assets 18 19
Other Assets:    
Regulatory assets 372 420
Houston Electric    
Current Assets:    
Cash and cash equivalents 104 214
Accounts receivable, less allowance for credit losses 280 263
Accounts and notes receivable–affiliated companies 369 11
Accrued unbilled revenues, less allowance for credit losses 95 127
Materials and supplies 304 292
Prepaid expenses and other current assets 32 49
Total current assets 1,184 956
Property, Plant and Equipment:    
Property, plant and equipment 15,995 15,273
Less: accumulated depreciation and amortization 4,175 4,070
Property, plant and equipment, net 11,820 11,203
Other Assets:    
Regulatory assets 785 789
Other non-current assets 43 32
Total other assets 828 821
Total Assets 13,832 12,980
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 182 220
Current portion of other long-term debt 300 300
Accounts payable 474 510
Accounts and notes payable–affiliated companies 98 568
Taxes accrued 129 193
Interest accrued 66 74
Other current liabilities 68 91
Total current liabilities 1,317 1,956
Other Liabilities:    
Deferred income taxes, net 1,142 1,122
Benefit obligations 55 55
Regulatory liabilities 1,135 1,152
Other non-current liabilities 100 98
Total other liabilities 2,432 2,427
Long-term Debt:    
VIE Securitization Bonds, net 317 317
Other long-term debt, net 5,444 4,658
Total long-term debt, net 5,761 4,975
Commitments and Contingencies (Note 13)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 3,354 2,678
Retained earnings 968 944
Total shareholders’ equity 4,322 3,622
Total Liabilities and Shareholders’ Equity 13,832 12,980
Houston Electric | Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 104 92
Accounts receivable, less allowance for credit losses 29 29
Prepaid expenses and other current assets 18 19
Other Assets:    
Regulatory assets $ 372 $ 420