Revenue Recognition and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts with customers	$	1,207	$	698	$	1	$	1,906
Other (1)	—		(3)		2		(1)
Total revenues	$	1,207	$	695	$	3	$	1,905

	Six Months Ended June 30, 2024
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts with customers	$	2,259	$	2,239	$	2	$	4,500
Other (1)	(3)		26		2		25
Total revenues	$	2,256	$	2,265	$	4	$	4,525

	Three Months Ended June 30, 2023
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts with customers	$	1,040	$	759	$	73	$	1,872
Other (1)	(3)		5		1		3
Total revenues	$	1,037	$	764	$	74	$	1,875

	Six Months Ended June 30, 2023
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts with customers	$	1,998	$	2,511	$	124	$	4,633
Other (1)	(9)		28		2		21
Total revenues	$	1,989	$	2,539	$	126	$	4,654

(1)Primarily consists of income from ARPs and leases. Total lease income was $2 million and $2 million for the three months ended June 30, 2024 and 2023, respectively, and $4 million and $4 million for the six months ended June 30, 2024 and 2023, respectively.

Houston Electric

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions)
Revenue from contracts with customers	$	1,049	$	918	$	1,959	$	1,721
Other (1)	(5)		(9)		(14)		(20)
Total revenues	$	1,044	$	909	$	1,945	$	1,701

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and six months ended June 30, 2024 and 2023.

CERC

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions)
Revenue from contracts with customers	$	682	$	737	$	2,167	$	2,437
Other (1)	(3)		8		24		25
Total revenues	$	679	$	745	$	2,191	$	2,462

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and six months ended June 30, 2024 and 2023.

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

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

CenterPoint Energy

	Accounts Receivable		Accrued Unbilled Revenues		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2023	$	652	$	516	$	2
Closing balance as of June 30, 2024	598		346		6
Increase (decrease)	$	(54)	$	(170)	$	4

The amount of revenue recognized during the six months ended June 30, 2024 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		Accrued Unbilled Revenues		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2023	$	275	$	142	$	2
Closing balance as of June 30, 2024	351		172		6
Increase	$	76	$	30	$	4

The amount of revenue recognized during the six months ended June 30, 2024 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		Accrued Unbilled Revenues
	(in millions)
Opening balance as of December 31, 2023	$	330	$	329
Closing balance as of June 30, 2024	209		128
Decrease	$	(121)	$	(201)

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