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Equity
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Equity Equity
Dividends Declared and Paid (CenterPoint Energy)

Dividends Declared
Per Share		Dividends Paid
Per Share
Three Months Ended June 30,Six Months Ended June 30,Three Months Ended June 30,Six Months Ended June 30,
20222021202220212022202120222021
Common Stock$0.170 $0.160 $0.170 $0.160 $0.170 $0.160 $0.340 $0.320 
Series A Preferred Stock— — — — — — 30.625 30.625 
Series B Preferred Stock— 17.500 — 17.500 — 17.500 — 35.000 
Series C Preferred Stock (1)
— — — — — — — 0.160 

(1)The Series C Preferred Stock was entitled to participate in any dividend or distribution (excluding those payable in Common Stock) with the Common Stock on a pari passu, pro rata, as-converted basis. The per share amount reflects the dividend per share of Common Stock as if the Series C Preferred Stock were converted into Common Stock. All of the outstanding Series C Preferred Stock was converted to Common Stock during April and May 2021.

Preferred Stock (CenterPoint Energy)

Liquidation Preference Per ShareShares Outstanding as ofOutstanding Value as of
June 30, 2022December 31, 2021June 30, 2022December 31, 2021
(in millions, except shares and per share amounts)
Series A Preferred Stock$1,000 800,000 800,000 $790 $790 
800,000 800,000 $790 $790 


Income Allocated to Preferred Shareholders (CenterPoint Energy)
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in millions)
Series A Preferred Stock$11 $13 $24 $25 
Series B Preferred Stock— 17 — 34 
Total income allocated to preferred shareholders
$11 $30 $24 $59 

Temporary Equity (CenterPoint Energy)

On the approval and recommendation of the Compensation Committee and approval of the Board (acting solely through its independent directors), CenterPoint Energy entered into a retention incentive agreement with David J. Lesar, President and Chief Executive Officer of CenterPoint Energy, dated July 20, 2021. Under the terms of the retention incentive agreement, Mr. Lesar will receive equity-based awards under CenterPoint Energy’s LTIP covering a total of 1 million shares of Common Stock (Total Stock Award) to be granted in multiple annual awards. Mr. Lesar received 400 thousand restricted stock units in July 2021 that will vest in December 2022 and 400 thousand restricted stock units in February 2022 that will vest in December 2023. In February 2023, restricted stock units covering the remaining 200 thousand shares, or such lesser number of restricted stock units as may be required pursuant to the annual individual award limitations under CenterPoint Energy’s LTIP, will be awarded to Mr. Lesar and will vest in December 2023. In the event any shares under the Total Stock Award remain unawarded, in February 2024, a fully vested stock bonus award of the remaining shares will be granted. For accounting purposes, the 1 million
shares under the Total Stock Award, consisting of both the awarded and unawarded equity-based awards described above, were considered granted in July 2021. In the event of death, disability, termination without cause or resignation for good reason, as defined in the retention incentive agreement, that occurs prior to the full Total Stock Award being awarded, CenterPoint Energy will pay a lump sum cash payment equal to the value of the unawarded equity-based awards, based on the closing trading price of Common Stock on the date of the event’s occurrence. Because the unawarded equity-based awards are redeemable for cash upon events that are not probable at the grant date, the equity associated with the unawarded equity-based awards will be classified as Temporary Equity on CenterPoint Energy’s Condensed Consolidated Balance Sheets.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated comprehensive income (loss) are as follows:
Three Months Ended June 30,
20222021
CenterPoint EnergyHouston ElectricCERCCenterPoint EnergyHouston ElectricCERC
(in millions)
Beginning Balance$(62)$— $10 $(87)$— $10 
Other comprehensive income (loss) before reclassifications:
Remeasurement of pension and other postretirement plans
(34)— — — — — 
Other comprehensive income from unconsolidated affiliates— — — 1 — — 
Amounts reclassified from accumulated other comprehensive income (loss):
Prior service cost (1)
1 — — — — — 
Actuarial losses (1)
1 — — 2 — — 
Settlement (2)
13 — — — — — 
Tax expense
(4)— — (1)— — 
Net current period other comprehensive income (loss)(23)— — 2 — — 
Ending Balance$(85)$— $10 $(85)$— $10 
Six Months Ended June 30,
20222021
CenterPoint EnergyHouston ElectricCERCCenterPoint EnergyHouston ElectricCERC
(in millions)
Beginning Balance$(64)$— $10 $(90)$— $10 
Other comprehensive income (loss) before reclassifications:
Remeasurement of pension and other postretirement plans
(34)— — — — — 
Other comprehensive income (loss) from unconsolidated affiliates— — — 2 — — 
Amounts reclassified from accumulated other comprehensive income (loss):
Prior service cost (1)
1 — — — — — 
Actuarial losses (1)
2 — — 4 — — 
Settlement (2)
13 — — — — — 
Reclassification of deferred loss from cash flow hedges realized in net income1 — — — — — 
Tax expense
(4)— — (1)— — 
Net current period other comprehensive income (loss)(21)— — 5 — — 
Ending Balance$(85)$— $10 $(85)$— $10 

(1)Amounts are included in the computation of net periodic cost and are reflected in Other income, net in each of the Registrants’ respective Condensed Statements of Consolidated Income.