XML 69 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue Recognition and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables disaggregate revenues by reportable segment and major source:

CenterPoint Energy
Three Months Ended March 31, 2022
ElectricNatural Gas Corporate
 and Other		Total
(in millions)
Revenue from contracts
$898 $1,845 $45 $2,788 
Other (1)
(5)(21)1 (25)
Total revenues$893 $1,824 $46 $2,763 
Three Months Ended March 31, 2021
ElectricNatural GasCorporate
 and Other 		Total
(in millions)
Revenue from contracts$833 $1,655 $53 $2,541 
Other (1)
(3)8 1 6 
Total revenues$830 $1,663 $54 $2,547 

(1)Primarily consists of income from ARPs and leases. Total lease income was $1 million and $2 million for the three months ended March 31, 2022 and 2021, respectively.
Houston Electric
Three Months Ended March 31,
20222021
(in millions)
Revenue from contracts$756 $687 
Other (1)
(10)(3)
Total revenues
$746 $684 

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2022 and 2021.

CERC
Three Months Ended March 31,
20222021
(in millions)
Revenue from contracts$1,409 $1,172 
Other (1)
(24)5 
Total revenues$1,385 $1,177 

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2022 and 2021.
Contract with Customer, Contract Asset, Contract Liability and Receivable
The opening and closing balances of accounts receivable related to ASC 606 revenues, other accrued unbilled revenue, contract assets and contract liabilities from contracts with customers, excluding balances related to assets held for sale, as of December 31, 2021 and March 31, 2022, respectively, are presented below.

CenterPoint Energy
Accounts ReceivableOther Accrued Unbilled RevenuesContract
Assets		Contract Liabilities
(in millions)
Opening balance as of December 31, 2021
$627 $513 $15 $16 
Closing balance as of March 31, 2022
876 432 16 27 
Increase (decrease)
$249 $(81)$1 $11 

The amount of revenue recognized during the three months ended March 31, 2022 that was included in the opening contract liability was $10 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 ReceivableOther Accrued Unbilled RevenuesContract Liabilities
(in millions)
Opening balance as of December 31, 2021
$225 $127 $4 
Closing balance as of March 31, 2022
247 95 8 
Increase (decrease)$22 $(32)$4 

The amount of revenue recognized during the three months ended March 31, 2022 that was included in the opening contract liability was $1 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 ReceivableOther Accrued Unbilled Revenues
(in millions)
Opening balance as of December 31, 2021
$223 $247 
Closing balance as of March 31, 2022
408 209 
Increase (decrease)$185 $(38)

CERC does not have any opening or closing contract asset or contract liability balances.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligations (CenterPoint Energy). The table below discloses (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period for contracts and (2) when CenterPoint Energy expects to recognize this revenue. Such contracts include energy performance and sustainable infrastructure services contracts of Energy Systems Group, which are included in Corporate and Other.
Rolling 12 MonthsThereafterTotal
(in millions)
Revenue expected to be recognized on contracts in place as of March 31, 2022:
Corporate and Other
$224 $535 $759 
$224 $535 $759