XML 78 R59.htm IDEA: XBRL DOCUMENT v3.22.2
Related Party Transactions (Houston Electric and CERC) (Tables)
 6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Money Pool Investment and Borrowing
The table below summarizes CenterPoint Energy money pool activity:
June 30, 2022December 31, 2021
Houston ElectricCERCHouston ElectricCERC
 (in millions, except interest rates)
Money pool investments (borrowings) (1)
$272 $— $(512)$(224)
Weighted average interest rate
1.85 %1.85 %0.34 %0.34 %

(1)Included in Accounts and notes receivable (payable)–affiliated companies on Houston Electric’s and CERC’s respective Condensed Consolidated Balance Sheets.
Schedule of Related Party Transactions
Amounts charged for these services were as follows and are included primarily in operation and maintenance expenses:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Houston ElectricCERCHouston ElectricCERCHouston ElectricCERCHouston ElectricCERC
(in millions)
Corporate service charges$37 $51 $47 $58 $76 $109 $90 $114 
Net affiliate service charges (billings)(9)9 (1)1 (15)15 (2)2 

The table below presents transactions among Houston Electric, CERC and their parent, CenterPoint Energy.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Houston ElectricCERCHouston ElectricCERCHouston ElectricCERCHouston ElectricCERC
(in millions)
Cash dividends paid to parent$30 $72 $— $— $67 $111 $— $— 
Cash dividend paid to parent related to the sale of the Arkansas and Oklahoma Natural Gas businesses— — — — — 720 — — 
Cash contribution from parent 506 125 — — 1,143 125 — — 
Net assets acquired in the Restructuring (1)
— 2,345 — — — 2,345 — — 
Non-cash capital contribution from parent in payment for property, plant and equipment below— — — — 38 54 — — 
Cash paid to parent for property, plant and equipment below13 13 — — 65 61 — — 
Property, plant and equipment from parent (2)
13 13 — — 103 115 — — 

(1) The Restructuring was a common control transaction that required the recasting of financial information to the earliest period presented. Therefore, the net asset transfer is not reflected during the current period on CERC’s Condensed Statements of Consolidated Changes in Equity.
(2) Property, plant and equipment purchased from CenterPoint Energy at its net carrying value on the date of purchase.
Schedule of Error Corrections and Prior Period Adjustments
The following table presents the as reported and recast amounts for CERC’s Condensed Consolidated Balance Sheet.
December 31, 2021
 As Reported
 
Recast
(in millions)
Total Assets$11,110 $16,153 
Total Liabilities8,109 11,020 
Retained Earnings765 1,017 
Total Equity3,001 5,133 
The following table presents the as reported and recast amounts for CERC’s Condensed Statements of Consolidated Income.
Three Months Ended
June 30, 2021		Six Months Ended
June 30, 2021
 As ReportedRecastAs ReportedRecast
(in millions)
Net income$58 $73 $209 $295