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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 136 $ 147
Investment in marketable securities 923 871
Accounts receivable, less allowance for credit losses 651 676
Accrued unbilled revenues, less allowance for credit losses 270 505
Natural gas and coal inventory 121 203
Materials and supplies 319 297
Non-trading derivative assets 6 0
Taxes receivable 78 82
Current assets held for sale 2,192 0
Prepaid expenses and other current assets 483 139
Total current assets 5,179 2,920
Property, Plant and Equipment:    
Property, plant and equipment 32,004 32,514
Less: accumulated depreciation and amortization 9,908 10,152
Property, plant and equipment, net 22,096 22,362
Other Assets:    
Goodwill 4,294 4,697
Regulatory assets 3,427 2,094
Investment in unconsolidated affiliates 882 783
Preferred units – unconsolidated affiliate 363 363
Other non-current assets 225 252
Total other assets 9,191 8,189
Total Assets 36,466 33,471
Current Liabilities:    
Short-term borrowings 3 24
Current portion of VIE Securitization Bonds long-term debt 215 211
Indexed debt, net 12 15
Current portion of other long-term debt 63 1,669
Indexed debt securities derivative 1,004 953
Accounts payable 797 853
Taxes accrued 203 265
Interest accrued 155 145
Dividends accrued 0 136
Customer deposits 109 119
Non-trading derivative liabilities 0 3
Current liabilities held for sale 472 0
Other current liabilities 336 432
Total current liabilities 3,369 4,825
Other Liabilities:    
Deferred income taxes, net 3,698 3,603
Non-trading derivative liabilities 14 27
Benefit obligations 665 680
Regulatory liabilities 3,051 3,448
Other non-current liabilities 946 1,019
Total other liabilities 8,374 8,777
Long-term Debt:    
VIE Securitization Bonds, net 424 536
Other long-term debt, net 15,429 10,985
Total long-term debt, net 15,853 11,521
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Preferred stock 1,739 2,363
Common stock 6 6
Additional paid-in capital 7,553 6,914
Retained earnings (Accumulated deficit) (343) (845)
Accumulated other comprehensive income (loss) (85) (90)
Total shareholders’ equity 8,870 8,348
Total Liabilities and Shareholders’ Equity 36,466 33,471
Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 106 139
Accounts receivable, less allowance for credit losses 38 23
Prepaid expenses and other current assets 17 15
Other Assets:    
Regulatory assets 542 633
Houston Electric    
Current Assets:    
Cash and cash equivalents 120 139
Accounts receivable, less allowance for credit losses 313 268
Accrued unbilled revenues, less allowance for credit losses 116 113
Accounts and notes receivable–affiliated companies 125 7
Materials and supplies 209 195
Prepaid expenses and other current assets 28 47
Total current assets 911 769
Property, Plant and Equipment:    
Property, plant and equipment 14,296 13,593
Less: accumulated depreciation and amortization 4,026 3,930
Property, plant and equipment, net 10,270 9,663
Other Assets:    
Regulatory assets 803 848
Other non-current assets 33 36
Total other assets 836 884
Total Assets 12,017 11,316
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 215 211
Current portion of other long-term debt 0 402
Accounts payable 413 281
Accounts and notes payable–affiliated companies 37 96
Taxes accrued 149 158
Interest accrued 84 71
Other current liabilities 114 117
Total current liabilities 1,012 1,336
Other Liabilities:    
Deferred income taxes, net 1,069 1,041
Benefit obligations 75 75
Regulatory liabilities 1,114 1,252
Other non-current liabilities 100 95
Total other liabilities 2,358 2,463
Long-term Debt:    
VIE Securitization Bonds, net 424 536
Other long-term debt, net 4,956 3,870
Total long-term debt, net 5,380 4,406
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Common stock 0 0
Additional paid-in capital 2,548 2,548
Retained earnings (Accumulated deficit) 719 563
Accumulated other comprehensive income (loss) 0 0
Total shareholders’ equity 3,267 3,111
Total Liabilities and Shareholders’ Equity 12,017 11,316
Houston Electric | Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 106 139
Accounts receivable, less allowance for credit losses 38 23
Prepaid expenses and other current assets 17 15
Other Assets:    
Regulatory assets 542 633
CERC Corp    
Current Assets:    
Cash and cash equivalents 1 1
Accounts receivable, less allowance for credit losses 199 233
Accrued unbilled revenues, less allowance for credit losses 80 260
Accounts and notes receivable–affiliated companies 10 8
Natural gas and coal inventory 84 121
Materials and supplies 64 58
Current assets held for sale 1,935 0
Prepaid expenses and other current assets 241 26
Total current assets 2,614 707
Property, Plant and Equipment:    
Property, plant and equipment 7,519 8,972
Less: accumulated depreciation and amortization 2,001 2,414
Property, plant and equipment, net 5,518 6,558
Other Assets:    
Goodwill 611 757
Regulatory assets 1,598 220
Other non-current assets 38 66
Total other assets 2,247 1,043
Total Assets 10,379 8,308
Current Liabilities:    
Short-term borrowings 3 24
Accounts payable 226 296
Accounts and notes payable–affiliated companies 44 50
Taxes accrued 55 74
Interest accrued 29 28
Customer deposits 65 76
Current liabilities held for sale 472 0
Other current liabilities 127 178
Total current liabilities 1,021 726
Other Liabilities:    
Deferred income taxes, net 619 584
Benefit obligations 83 83
Regulatory liabilities 955 1,226
Other non-current liabilities 582 694
Total other liabilities 2,239 2,587
Long-term Debt:    
Total long-term debt, net 4,343 2,428
Commitments and Contingencies (Note 14)
Shareholders' Equity :    
Common stock 0 0
Additional paid-in capital 2,046 2,046
Retained earnings (Accumulated deficit) 720 511
Accumulated other comprehensive income (loss) 10 10
Total shareholders’ equity 2,776 2,567
Total Liabilities and Shareholders’ Equity $ 10,379 $ 8,308