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Revenue Recognition and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

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

CenterPoint Energy


	Three Months Ended September 30, 2023
	Electric		Natural Gas		Corporate and Other		Total
	(in millions)
Revenue from contracts	$	1,274	$	589	$	1	$	1,864

Other (1)	(13)		8		1		(4)

Total revenues	$	1,261	$	597	$	2	$	1,860

	Nine Months Ended September 30, 2023
	Electric		Natural Gas		Corporate and Other		Total
	(in millions)
Revenue from contracts	$	3,272	$	3,100	$	125	$	6,497
Other (1)	(22)		36		3		17

Total revenues	$	3,250	$	3,136	$	128	$	6,514


	Three Months Ended September 30, 2022
	Electric		Natural Gas		Corporate and Other		Total
	(in millions)
Revenue from contracts	$	1,155	$	686	$	65	$	1,906
Other (1)	(9)		6		—		(3)

Total revenues	$	1,146	$	692	$	65	$	1,903

	Nine Months Ended September 30, 2022
	Electric		Natural Gas		Corporate and Other		Total
	(in millions)
Revenue from contracts	$	3,113	$	3,358	$	182	$	6,653
Other (1)	(21)		(24)		2		(43)

Total revenues	$	3,092	$	3,334	$	184	$	6,610

(1)Primarily consists of income from ARPs and leases. Total lease income was $2 million and $1 million for the three months ended September 30, 2023 and 2022, respectively, and $6 million and $5 million for the nine months ended September 30, 2023 and 2022, respectively.

Houston Electric


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in millions)
Revenue from contracts	$	1,100	$	949	$	2,821	$	2,597
Other (1)	(17)		(14)		(37)		(35)
Total revenues	$	1,083	$	935	$	2,784	$	2,562

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and nine months ended September 30, 2023 and 2022.

CERC


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in millions)
Revenue from contracts	$	575	$	667	$	3,012	$	3,257
Other (1)	8		5		33		(25)

Total revenues	$	583	$	672	$	3,045	$	3,232

(1)Primarily consists of income from ARPs and leases. Lease income was $1 million for both the three months ended September 30, 2023 and 2022. Lease income was $3 million and $2 million, respectively, for the nine months ended September 30, 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 September 30, 2023	733		340		—			5
Decrease	$	(125)	$	(424)	$	(4)	(1)	$	(40)	(1)

(1)Decrease primarily related to the completed sale of Energy Systems Group on June 30, 2023.

The amount of revenue recognized during the nine-month period ended September 30, 2023 that was included in the opening contract liability was $2 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 September 30, 2023	459		182		5
Increase (decrease)	$	188	$	40	$	3

The amount of revenue recognized during the nine-month period ended September 30, 2023 that was included in the opening contract liability was $2 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 September 30, 2023	230		119
Decrease	$	(248)	$	(454)

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