Revenue Recognition and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate revenues by reportable segment and major source:

CenterPoint Energy

	Three Months Ended June 30, 2022
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	1,060	$	827	$	72	$	1,959
Other (1)	(7)		(9)		1		(15)
Total revenues	$	1,053	$	818	$	73	$	1,944
	Six Months Ended June 30, 2022
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	1,958	$	2,672	$	117	$	4,747
Other (1)	(12)		(30)		2		(40)
Total revenues	$	1,946	$	2,642	$	119	$	4,707

	Three Months Ended June 30, 2021
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	933	$	718	$	64	$	1,715
Other (1)	4		22		1		27
Total revenues	$	937	$	740	$	65	$	1,742
	Six Months Ended June 30, 2021
	Electric		Natural Gas		Corporate  and Other		Total
	(in millions)
Revenue from contracts	$	1,766	$	2,373	$	117	$	4,256
Other (1)	1		30		2		33
Total revenues	$	1,767	$	2,403	$	119	$	4,289

(1)Primarily consists of income from ARPs and leases. Total lease income was $3 million and $2 million for the three months ended June 30, 2022 and 2021, respectively, and $4 million and $4 million for the six months ended June 30, 2022 and 2021, respectively.

Houston Electric

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in millions)
Revenue from contracts	$	892	$	791	$	1,648	$	1,478
Other (1)	(11)		(5)		(21)		(8)
Total revenues	$	881	$	786	$	1,627	$	1,470

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and six months ended June 30, 2022 and 2021.

CERC

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in millions)
Revenue from contracts	$	805	$	701	$	2,590	$	2,291
Other (1)	(9)		20		(30)		25
Total revenues	$	796	$	721	$	2,560	$	2,316

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and six months ended June 30, 2022 and 2021.

Schedule of 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 June 30, 2022, respectively, are presented below.

CenterPoint Energy

	Accounts Receivable		Other Accrued Unbilled Revenues		Contract Assets		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2021	$	627	$	513	$	15	$	16
Closing balance as of June 30, 2022	740		316		16		39
Increase (decrease)	$	113	$	(197)	$	1	$	23

The amount of revenue recognized during the six-month period ended June 30, 2022 that was included in the opening contract liability was $13 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 Receivable		Other Accrued Unbilled Revenues		Contract Liabilities
	(in millions)
Opening balance as of December 31, 2021	$	225	$	127	$	4
Closing balance as of June 30, 2022	327		142		6
Increase (decrease)	$	102	$	15	$	2

The amount of revenue recognized during the six-month period ended June 30, 2022 that was included in the opening contract liability was $2 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 Receivable		Other Accrued Unbilled Revenues
	(in millions)
Opening balance as of December 31, 2021	$	319	$	335
Closing balance as of June 30, 2022	314		126
Increase (decrease)	$	(5)	$	(209)

CERC does not have any opening or closing contract asset or contract liability balances.

Schedule of 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 Months		Thereafter		Total
	(in millions)
Revenue expected to be recognized on contracts in place as of June 30, 2022:
Corporate and Other	$	285	$	576	$	861
	$	285	$	576	$	861