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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net Income (Loss) $ (773) $ 791 $ 368
Net income (loss) from Discontinued Operations (182) 109 (28)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,189 1,225 1,230
Depreciation and amortization on assets held for sale 0 62 13
Amortization of deferred financing costs 28 29 48
Deferred income taxes (429) 69 48
Amortization of intangible assets in Non-utility cost of revenues 2 24 0
Goodwill impairment and loss from reclassification to held for sale 175 48 0
Goodwill impairment 185 0 0
Loss on early extinguishment of debt 2 0 0
Unrealized loss (gain) on marketable securities (49) (282) 22
Loss (gain) on indexed debt securities 60 292 232
Write-down of natural gas inventory 3 4 2
Equity in earnings of unconsolidated affiliates 1,428 (230) (307)
Distributions from unconsolidated affiliates 113 261 267
Pension contributions (86) (109) (69)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 90 226 (154)
Inventory 9 (52) 1
Taxes receivable 24 (106) 0
Accounts payable 2 (455) 220
Fuel cost recovery (21) 92 33
Non-trading derivatives, net 0 (64) 103
Margin deposits, net 72 (56) 5
Interest and taxes accrued 24 54 40
Net regulatory assets and liabilities (86) (114) 28
Other current assets (20) (22) 0
Other current liabilities 28 (107) (24)
Other assets 12 103 6
Other liabilities 13 (54) 12
Other, net 0 9 12
Net cash provided by operating activities 1,995 1,638 2,136
Cash Flows from Investing Activities:      
Capital expenditures (2,596) (2,506) (1,651)
Acquisitions, net of cash acquired 0 (5,991) 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 80 42 30
Proceeds from sale of marketable securities 0 0 398
Proceeds from divestitures (Note 4) 1,215 0 0
Proceeds from sale of assets 0 5 0
Purchase of investments 0 (6) 0
Other, net 36 35 16
Net Cash Provided by (Used in) Investing Activities (1,265) (8,421) (1,207)
Cash Flows from Financing Activities:      
Decrease in short-term borrowings, net 0 0 (39)
Proceeds from Lines of Credit 1,050 135 0
Repayments of Lines of Credit (1,050) (135) 0
Proceeds from (payments of) commercial paper, net (761) 1,891 (1,543)
Proceeds from long-term debt 799 2,916 2,495
Payments of long-term debt (1,724) (1,302) (484)
Payment of debt issuance costs (8) (20) (47)
Payment of dividends on Common Stock (392) (577) (499)
Payment of dividends on preferred stock (137) (118) (11)
Proceeds from issuance of Common Stock, net 672 0 1,844
Proceeds from Issuance of Preferred Stock and Preference Stock 723 0 1,740
Distribution to ZENS holders 0 0 (398)
Other, net (6) (14) (5)
Net cash provided by (used in) financing activities (834) 2,776 3,053
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (104) (4,007) 3,982
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 271 4,278 296
Cash, Cash Equivalents and Restricted Cash at End of Year 167 271 4,278
Houston Electric [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss) 334 356 336
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 560 648 917
Amortization of deferred financing costs 11 12 11
Deferred income taxes (42) (24) (38)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (26) 38 11
Accounts receivable/payable–affiliated companies 47 (23) 20
Inventory (48) (12) (16)
Taxes receivable 0 5 (5)
Accounts payable 28 13 (1)
Non-trading derivatives, net 15 (25) 5
Interest and taxes accrued 43 13 (2)
Net regulatory assets and liabilities (11) (48) (97)
Other current assets (8) (5) (2)
Other current liabilities 5 (9) (26)
Other assets (7) 5 (3)
Other liabilities 11 (12) 17
Other, net (13) (14) (12)
Net cash provided by operating activities 899 918 1,115
Cash Flows from Investing Activities:      
Capital expenditures (1,058) (1,025) (922)
(Increase) decrease in notes receivable–affiliated companies 481 (481) 0
Other, net 13 11 11
Net Cash Provided by (Used in) Investing Activities (564) (1,495) (911)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 299 696 398
Payments of long-term debt (231) (458) (434)
Dividend to parent (551) (376) (209)
Increase (decrease) in notes payable–affiliated companies 8 (1) (59)
Debt issuance costs (3) (8) (4)
Contribution from parent 62 590 200
Other, net 0 (1) 0
Net cash provided by (used in) financing activities (416) 442 (108)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (81) (135) 96
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 235 370 274
Cash, Cash Equivalents and Restricted Cash at End of Year 154 235 370
CERC Corp [Member]      
Cash Flows from Operating Activities:      
Net Income (Loss) 81 212 208
Net income (loss) from Discontinued Operations (66) 23 110
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 304 293 280
Depreciation and amortization on assets held for sale 0 12 13
Amortization of deferred financing costs 8 9 9
Deferred income taxes 91 7 64
Goodwill impairment and loss from reclassification to held for sale 93 48 0
Loss on early extinguishment of debt 2 0 0
Write-down of natural gas inventory 3 4 2
Equity in earnings of unconsolidated affiliates 0 0 (184)
Distributions from unconsolidated affiliates 0 0 176
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net 151 252 (155)
Accounts receivable/payable–affiliated companies 4 (6) 9
Inventory 63 (12) 17
Accounts payable (72) (305) 163
Fuel cost recovery (21) 86 33
Non-trading derivatives, net (12) (60) 98
Margin deposits, net 65 (56) 5
Interest and taxes accrued (15) 2 13
Net regulatory assets and liabilities (31) (10) 50
Other current assets (1) 1 4
Other current liabilities 10 22 (3)
Other assets 15 5 5
Other liabilities (1) (38) 6
Other, net (8) 0 1
Net cash provided by operating activities 729 466 814
Cash Flows from Investing Activities:      
Capital expenditures (815) (776) (633)
(Increase) decrease in notes receivable–affiliated companies (9) 114 (114)
Distributions from unconsolidated affiliates in excess of cumulative earnings 0 0 47
Proceeds from divestitures (Note 4) 365    
Other, net 7 0 3
Net Cash Provided by (Used in) Investing Activities (452) (662) (697)
Cash Flows from Financing Activities:      
Decrease in short-term borrowings, net 0 0 (39)
Proceeds from (payments of) commercial paper, net (30) 167 (688)
Proceeds from long-term debt 500 0 599
Payments of long-term debt (593) 0 0
Dividend to parent (80) (120) (360)
Increase (decrease) in notes payable–affiliated companies 0 0 (570)
Debt issuance costs (4) 0 (5)
Contribution from parent 217 129 960
Capital distribution to parent associated with the sale of CES (286) 0 0
Other, net (2) (3) (1)
Net cash provided by (used in) financing activities (278) 173 (104)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (1) (23) 13
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 2 25 12
Cash, Cash Equivalents and Restricted Cash at End of Year $ 1 $ 2 $ 25