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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Long-term Purchase Commitment
As of December 31, 2021, minimum purchase obligations were approximately:
Natural Gas and Coal Supply (1)
Other (2)
CenterPoint EnergyCERCCenterPoint Energy
(in millions)
2022$560 $322 $66 
2023444 253 500 
2024378 247 178 
2025318 206 30 
2026254 176 29 
2027 and beyond1,586 1,282 596 
(1)On January 10, 2022, CERC Corp. completed the sale of its Arkansas and Oklahoma Natural Gas businesses; therefore minimum purchase obligations for the Arkansas and Oklahoma Natural Gas businesses have been excluded from the table above. For additional information, see Note 4.
(2)CenterPoint Energy’s undiscounted minimum payment obligations related to PPAs with commitments ranging from 15 to 25 years and its purchase commitment under its BTA in Posey County, Indiana at the original contracted amount, prior to any renegotiation, are included above. The remaining undiscounted payment obligations relate primarily to technology hardware and software agreements.
Schedule of Environmental Loss Contingencies by Site
Total costs that may be incurred in connection with addressing these sites cannot be determined at this time. The estimated accrued costs are limited to CenterPoint Energy’s and CERC’s share of the remediation efforts and are therefore net of exposures of other PRPs. The estimated range of possible remediation costs for the sites for which CenterPoint Energy and CERC believe they may have responsibility was based on remediation continuing for the minimum time frame given in the table below.
December 31, 2021
CenterPoint EnergyCERC
(in millions, except years)
Amount accrued for remediation$16 $11 
Minimum estimated remediation costs11 
Maximum estimated remediation costs58 36 
Minimum years of remediation530
Maximum years of remediation5050