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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Lease Cost
The components of lease cost, included in Operation and maintenance expense on the Registrants’ respective Condensed Statements of Consolidated Income, are as follows:
Three Months Ended March 31, 2023Three Months Ended March 31, 2022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease cost$$$— $$— $
Short-term lease cost— (1)— 46 46 — 
Variable lease cost— — — (1)(1)— 
Total lease cost (1)
$$— $— $47 $45 $

(1) CenterPoint Energy and Houston Electric defer finance lease costs for TEEEF to Regulatory assets for recovery rather than recognizing Depreciation and Amortization in the Condensed Statements of Consolidated Income.
Schedule of Operating Lease Income ease income was as follows:
Three Months Ended March 31, 2023Three Months Ended March 31, 2022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease income$$— $$$— $
Total lease income$$— $$$— $
Schedule of Supplemental Balance Sheet Information Related To Leases
Supplemental balance sheet information related to leases was as follows:
March 31, 2023December 31, 2022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions, except lease term and discount rate)
Assets:
Operating ROU assets (1)
$19 $$$19 $$
Finance ROU assets (2)
597 597 — 621 621 — 
Total leased assets$616 $605 $$640 $627 $
Liabilities:
Current operating lease liability (3)
$$$$$$
Non-current operating lease liability (4)
13 14 
Total leased liabilities (5)
$18 $$$19 $$
Weighted-average remaining lease term (in years) - operating leases4.24.63.74.34.83.9
Weighted-average discount rate - operating leases3.86 %4.07 %3.58 %3.80 %4.01 %3.58 %
Weighted-average remaining lease term (in years) - finance leases6.36.3— 6.56.5— 
Weighted-average discount rate - finance leases3.60 %3.60 %— 3.60 %3.60 %— 

(1)Reported within Other assets in the Registrants’ respective Condensed Consolidated Balance Sheets.
(2)Reported within Property, Plant and Equipment in the Registrants’ respective Condensed Consolidated Balance Sheets. Finance lease assets are recorded net of accumulated amortization.
(3)Reported within Current other liabilities in the Registrants’ respective Condensed Consolidated Balance Sheets.
(4)Reported within Other liabilities in the Registrants’ respective Condensed Consolidated Balance Sheets.
(5)Finance lease liabilities were not significant as of March 31, 2023 or December 31, 2022 and are reported within Other long-term debt in the Registrants’ respective Condensed Consolidated Balance Sheets when applicable.
Schedule of Operating Lease Liability Maturity
As of March 31, 2023, finance lease liabilities were not significant to the Registrants. As of March 31, 2023, maturities of operating lease liabilities were as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
Remainder of 2023$$$
2024
2025
2026
2027— 
2028 and beyond— — — 
Total lease payments20 
Less: Interest
Present value of lease liabilities$18 $$
Schedule of Operating Lease Payments to be Received As of March 31, 2023, maturities of undiscounted operating lease payments to be received are as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
Remainder of 2023$$— $
2024
2025
2026— 
2027— 
2028— 
2029 and beyond154 — 151 
Total lease payments to be received$192 $$175 
Schedule of Other Information Related To Leases
Other information related to leases is as follows:
Three Months Ended March 31, 2023Three Months Ended March 31, 2022
CenterPoint
 Energy
Houston
Electric
CERCCenterPoint
 Energy
Houston
Electric
CERC
(in millions)
Operating cash flows from operating leases included in the measurement of lease liabilities$$— $— $$— $
Financing cash flows from finance leases included in the measurement of lease liabilities— — — 171 171 —