XML 93 R53.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting Information [Line Items]  
Segment Information Segment Information
The Company's reportable segments with foreign operations include Northern Powergrid, whose business is principally in the United Kingdom, BHE Transmission, whose business includes operations in Canada, and BHE Renewables, whose business includes operations in the Philippines. Intersegment eliminations and adjustments, including the allocation of goodwill, have been made. Information related to the Company's reportable segments is shown below (in millions):
 Three-Month PeriodsNine-Month Periods
Ended September 30,Ended September 30,
 2021202020212020
Operating revenue:
PacifiCorp$1,491 $1,479 $4,031 $3,829 
MidAmerican Funding966 812 2,726 2,114 
NV Energy1,085 1,042 2,443 2,359 
Northern Powergrid277 246 857 733 
BHE Pipeline Group785 264 2,584 890 
BHE Transmission185 175 547 516 
BHE Renewables316 309 773 731 
HomeServices1,743 1,742 4,738 3,828 
BHE and Other(1)
120 124 414 332 
Total operating revenue$6,968 $6,193 $19,113 $15,332 
Depreciation and amortization:
PacifiCorp$272 $234 $811 $696 
MidAmerican Funding218 179 634 530 
NV Energy138 128 411 377 
Northern Powergrid73 69 217 195 
BHE Pipeline Group124 45 363 134 
BHE Transmission59 61 177 176 
BHE Renewables61 72 182 214 
HomeServices14 11 37 34 
BHE and Other(1)
1 1 2 1 
Total depreciation and amortization$960 $800 $2,834 $2,357 
 Three-Month PeriodsNine-Month Periods
Ended September 30,Ended September 30,
 2021202020212020
Operating income:  
PacifiCorp$394 $361 $911 $851 
MidAmerican Funding287 232 438 444 
NV Energy348 347 563 587 
Northern Powergrid126 106 403 327 
BHE Pipeline Group303 101 1,166 442 
BHE Transmission90 79 256 236 
BHE Renewables149 143 279 244 
HomeServices135 239 426 336 
BHE and Other(1)
2 (61)(67)(65)
Total operating income1,834 1,547 4,375 3,402 
Interest expense(531)(504)(1,593)(1,490)
Capitalized interest18 24 46 60 
Allowance for equity funds34 50 90 122 
Interest and dividend income18 17 65 57 
Gains on marketable securities, net294 1,797 1,142 2,407 
Other, net8 36 64 61 
Total income before income tax (benefit) expense and equity loss$1,675 $2,967 $4,189 $4,619 
Interest expense:
PacifiCorp$110 $107 $322 $319 
MidAmerican Funding81 79 237 238 
NV Energy51 56 154 171 
Northern Powergrid33 34 98 97 
BHE Pipeline Group33 15 111 44 
BHE Transmission39 38 117 111 
BHE Renewables39 41 119 125 
HomeServices1 1 3 9 
BHE and Other(1)
144 133 432 376 
Total interest expense$531 $504 $1,593 $1,490 
Earnings on common shares:
PacifiCorp$333 $286 $728 $629 
MidAmerican Funding373 337 728 695 
NV Energy282 249 416 367 
Northern Powergrid83 26 162 172 
BHE Pipeline Group144 78 627 321 
BHE Transmission65 58 184 173 
BHE Renewables163 162 360 395 
HomeServices102 177 321 246 
BHE and Other(1)
351 1,469 580 1,630 
Total earnings on common shares$1,896 $2,842 $4,106 $4,628 
 As of
 September 30,December 31,
20212020
Assets:
PacifiCorp$28,230 $26,862 
MidAmerican Funding25,038 23,530 
NV Energy15,105 14,501 
Northern Powergrid9,043 8,782 
BHE Pipeline Group19,993 19,541 
BHE Transmission9,383 9,208 
BHE Renewables11,766 12,004 
HomeServices5,065 4,955 
BHE and Other(1)
7,931 7,933 
Total assets$131,554 $127,316 

(1)The differences between the reportable segment amounts and the consolidated amounts, described as BHE and Other, relate principally to other entities, including MidAmerican Energy Services, LLC, corporate functions and intersegment eliminations.
 Three-Month PeriodsNine-Month Periods
Ended September 30,Ended September 30,
 2021202020212020
Operating revenue by country:
United States$6,499 $5,773 $17,700 $14,086 
United Kingdom277 246 857 733 
Canada180 174 537 512 
Philippines and other12 — 19 1 
Total operating revenue by country$6,968 $6,193 $19,113 $15,332 
Income before income tax (benefit) expense and equity loss by country:
United States$1,511 $2,839 $3,699 $4,220 
United Kingdom107 82 343 250 
Canada49 44 134 130 
Philippines and other8 2 13 19 
Total income before income tax (benefit) expense and equity loss by country$1,675 $2,967 $4,189 $4,619 

The following table shows the change in the carrying amount of goodwill by reportable segment for the nine-month period ended September 30, 2021 (in millions):
BHE Pipeline Group
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE TransmissionBHE RenewablesHomeServices
Total
 
December 31, 2020$1,129 $2,102 $2,369 $1,000 $1,803 $1,551 $95 $1,457 $11,506 
Acquisitions— — — — 11 — — 59 70 
Foreign currency translation
— — — (10)— 6 — — (4)
September 30, 2021$1,129 $2,102 $2,369 $990 $1,814 $1,557 $95 $1,516 $11,572 
MEC  
Segment Reporting Information [Line Items]  
Segment Information Segment Information
MidAmerican Energy has identified two reportable segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by regulatory agencies; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance. Common operating costs, interest income, interest expense and income tax expense are allocated to each segment based on certain factors, which primarily relate to the nature of the cost.

The following tables provide information on a reportable segment basis (in millions):
Three-Month PeriodsNine-Month Periods
 Ended September 30,Ended September 30,
2021202020212020
Operating revenue:
Regulated electric$854 $728 $1,985 $1,717 
Regulated natural gas110 80 728 384 
Other2 4 13 5 
Total operating revenue$966 $812 $2,726 $2,106 
Operating income:
Regulated electric$289 $238 $401 $398 
Regulated natural gas(2)(6)37 40 
Total operating income287 232 438 438 
Interest expense(76)(74)(224)(224)
Allowance for borrowed funds4 5 8 12 
Allowance for equity funds11 16 25 33 
Other, net8 14 34 30 
Income before income tax benefit$234 $193 $281 $289 

As of
September 30,
2021		December 31,
2020
Assets:
Regulated electric$21,063 $19,892 
Regulated natural gas1,874 1,544 
Other7 1 
Total assets$22,944 $21,437 
MidAmerican Funding, LLC  
Segment Reporting Information [Line Items]  
Segment Information Segment Information
MidAmerican Funding has identified two reportable segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by regulatory agencies; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance. Common operating costs, interest income, interest expense and income tax expense are allocated to each segment based on certain factors, which primarily relate to the nature of the cost. "Other" in the tables below consists of the financial results and assets of nonregulated operations, MHC and MidAmerican Funding.

The following tables provide information on a reportable segment basis (in millions):
Three-Month PeriodsNine-Month Periods
Ended September 30,Ended September 30,
2021202020212020
Operating revenue:
Regulated electric$854 $728 $1,985 $1,717 
Regulated natural gas110 80 728 384 
Other2 4 13 13 
Total operating revenue$966 $812 $2,726 $2,114 
Operating income:
Regulated electric$289 $238 $401 $398 
Regulated natural gas(2)(6)37 40 
Other— — — 6 
Total operating income287 232 438 444 
Interest expense(81)(79)(237)(238)
Allowance for borrowed funds4 5 8 12 
Allowance for equity funds11 16 25 33 
Other, net8 15 34 30 
Income before income tax benefit$229 $189 $268 $281 

As of
September 30,
2021		December 31,
2020
Assets(1):
Regulated electric$22,254 $21,083 
Regulated natural gas1,953 1,623 
Other11 5 
Total assets$24,218 $22,711 
(1)Assets by reportable segment reflect the assignment of goodwill to applicable reporting units.
SPPC  
Segment Reporting Information [Line Items]  
Segment Information Segment Information
Sierra Pacific has identified two reportable operating segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by the PUCN; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance.

The following tables provide information on a reportable segment basis (in millions):
Three-Month PeriodsNine-Month Periods
Ended September 30,Ended September 30,
2021202020212020
Operating revenue:
Regulated electric$266 $220 $636 $569 
Regulated natural gas16 15 75 83 
Total operating revenue$282 $235 $711 $652 
Operating income:
Regulated electric$74 $66 $126 $119 
Regulated natural gas1 2 13 12 
Total operating income75 68 139 131 
Interest expense(14)(14)(41)(42)
Allowance for borrowed funds1 — 2 1 
Allowance for equity funds2 1 5 3 
Interest and dividend income3 1 6 3 
Other, net3 2 9 4 
Income before income tax expense$70 $58 $120 $100 

As of
September 30,December 31,
20212020
Assets:
Regulated electric$3,744 $3,540 
Regulated natural gas354 342 
Other(1)
32 37 
Total assets$4,130 $3,919 

(1)    Consists principally of cash and cash equivalents not included in either the regulated electric or regulated natural gas segments.