Revenue Recognition and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate revenues by reportable segment and major source:

CenterPoint Energy

	Three Months Ended March 31, 2023
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	958	$	1,752	$	51	$	2,761
Other (1)	(6)		23		1		18
Total revenues	$	952	$	1,775	$	52	$	2,779

	Three Months Ended March 31, 2022
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	898	$	1,845	$	45	$	2,788
Other (1)	(5)		(21)		1		(25)
Total revenues	$	893	$	1,824	$	46	$	2,763

(1)Primarily consists of income from ARPs and leases. Total lease income was $2 million and $1 million for the three months ended March 31, 2023 and 2022, respectively.

Houston Electric

		Three Months Ended March 31,
		2023		2022
	(in millions)
Revenue from contracts		$	803	$	756
Other (1)		(11)		(10)
Total revenues		$	792	$	746

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2023 and 2022.

CERC

		Three Months Ended March 31,
		2023		2022
	(in millions)
Revenue from contracts		$	1,700	$	1,785
Other (1)		17		(22)
Total revenues		$	1,717	$	1,763

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2023 and 2022.

Schedule of Contract with Customer, Contract Asset, Contract Liability and Receivable

The opening and closing balances of accounts receivable, other accrued unbilled revenue, contract assets and contract liabilities from contracts with customers are as follows:

CenterPoint Energy

	Accounts Receivable		Other Accrued Unbilled Revenues		Contract Assets		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2022	$	858	$	764	$	4	$	45
Closing balance as of March 31, 2023	837		398		4		56
Increase (decrease)	$	(21)	$	(366)	$	—	$	11

The amount of revenue recognized during the three-month period ended March 31, 2023 that was included in the opening contract liability was $21 million. The difference between the opening and closing balances of the contract liabilities primarily results from the timing difference between CenterPoint Energy’s performance and the customer’s payment.

Houston Electric

	Accounts Receivable		Other Accrued Unbilled Revenues		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2022	$	271	$	142	$	2
Closing balance as of March 31, 2023	240		89		3
Increase (decrease)	$	(31)	$	(53)	$	1

The amount of revenue recognized during the three-month period ended March 31, 2023 that was included in the opening contract liability was $1 million. The difference between the opening and closing balances of the contract liabilities primarily results from the timing difference between Houston Electric’s performance and the customer’s payment.

CERC

	Accounts Receivable		Other Accrued Unbilled Revenues
	(in millions)
Opening balance as of December 31, 2022	$	478	$	573
Closing balance as of March 31, 2023	509		275
Increase (decrease)	$	31	$	(298)

CERC does not have any opening or closing contract asset or contract liability balances.

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

Remaining Performance Obligations (CenterPoint Energy). The table below discloses (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period for contracts and (2) when CenterPoint Energy expects to recognize this revenue. Such contracts include energy performance and sustainable infrastructure services contracts of Energy Systems Group, which are included in Corporate and Other.

	Rolling 12 Months		Thereafter		Total
	(in millions)
Revenue expected to be recognized on contracts in place as of March 31, 2023:
Corporate and Other	$	282	$	535	$	817
	$	282	$	535	$	817