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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease, Cost
The components of lease cost, included in Operation and maintenance expense on the Registrants’ respective Statements of Consolidated Income, are as follows:

Year Ended December 31,
2023
2022
2021
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease cost$$$$$$$$$
Short-term lease cost31 30 $— 167 166 119 118 — 
Total lease cost (1)
$37 $33 $$173 $167 $$127 $119 $

(1) CenterPoint Energy and Houston Electric defer finance lease costs for TEEEF to Regulatory assets for recovery rather than to Depreciation and Amortization in the Statements of Consolidated Income.
Operating Lease, Lease Income
The components of lease income were as follows:

Year Ended December 31,
2023
 2022
 2021
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease income$$$$$$$$$
Variable lease income— — — — — — 
Total lease income$$$$$$$$$
Supplemental Balance Sheet Information Related To Leases
Supplemental balance sheet information related to leases was as follows:
December 31, 2023December 31, 2022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions, except lease term and discount rate)
Assets:
Operating ROU assets (1)
$13 $$$19 $$
Finance ROU assets (2)
526 $526 — 621 621 — 
Total leased assets$539 $532 $$640 $627 $
Liabilities:
Current operating lease liability (3)
$$$$$$
Non-current operating lease liability (4)
10 $14 
Total leased liabilities (5)
$13 $$$19 $$
Weighted-average remaining lease term (in years) - operating leases4.73.93.14.34.83.9
Weighted-average discount rate - operating leases4.13 %4.09 %3.60 %3.80 %4.01 %3.58 %
Weighted-average remaining lease term (in years) - finance leases5.55.5— 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 Consolidated Balance Sheets, net of accumulated amortization.
(2)Reported within Property, Plant and Equipment in the Registrants’ respective Consolidated Balance Sheets, net of accumulated amortization.
(3)Reported within Current other liabilities in the Registrants’ respective Consolidated Balance Sheets.
(4)Reported within Other liabilities in the Registrants’ respective Consolidated Balance Sheets.
(5)Finance lease liabilities were not material as of December 31, 2023 or 2022 and are reported within Other long-term debt in the Registrants’ respective Consolidated Balance Sheets when applicable.
Lessee, Operating Lease, Liability, Maturity As of December 31, 2023, maturities of operating lease liabilities were as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
2024$$$
2025
2026
2027— 
2028— — 
2029 and beyond— — 
Total lease payments15 
Less: Interest— — 
Present value of lease liabilities$13 $$
Lessor, Operating Lease, Payments to be Received, Maturity As of December 31, 2023, maturities of undiscounted operating lease payments to be received are as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
2024$$$
2025
2026— 
2027— 
2028— 
2029 and beyond173 — 170 
Total lease payments to be received$209 $$194 
Other Information Related To Leases
Other information related to leases is as follows:

Year Ended December 31,
202320222021
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
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— — — 485 485 — 179 179 —