Related Party Transactions (Houston Electric and CERC) (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Money Pool Investment and Borrowing

The table below summarizes CenterPoint Energy money pool activity:


	September 30, 2023						December 31, 2022
	Houston Electric			CERC			Houston Electric			CERC
	(in millions, except interest rates)
Money pool investments (borrowings) (1)	$	400		$	86		$	(642)		$	—
Weighted average interest rate	5.56		%	5.56		%	4.75		%	4.75		%

(1)Included in Accounts and notes receivable (payable)–affiliated companies on Houston Electric’s and CERC’s respective Condensed Consolidated Balance Sheets.

Schedule of Related Party Transactions

Amounts charged for these services were as follows and are included primarily in operation and maintenance expenses:


	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
	Houston Electric		CERC		Houston Electric		CERC		Houston Electric		CERC		Houston Electric		CERC
	(in millions)
Corporate service charges	$	40	$	56	$	38	$	54	$	115	$	162	$	114	$	163
Net affiliate service charges (billings)	(1)		1		3		(3)		(7)		7		(12)		12

The table below presents transactions among Houston Electric, CERC and their parent, CenterPoint Energy.


	Three Months Ended September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
	Houston Electric		CERC		Houston Electric		CERC		Houston Electric		CERC		Houston Electric		CERC
	(in millions)
Cash dividends paid to parent	$	79	$	36	$	74	$	13	$	239	$	347	$	141	$	124
Cash dividend paid to parent related to the sale of the Arkansas and Oklahoma Natural Gas businesses	—		—		—		—		—		—		—		720
Cash contribution from parent	235		—		—		—		885		500		1,143		125
Net assets acquired in the Restructuring	—		—		—		—		—		—		—		2,345
Non-cash capital contribution from parent in payment for property, plant and equipment below	—		—		—		—		—		—		38		54
Cash paid to parent for property, plant and equipment below	—		—		—		—		—		—		65		61
Property, plant and equipment from parent (1)	—		—		—		—		—		—		103		115

(1) Property, plant and equipment purchased from CenterPoint Energy at its net carrying value on the date of purchase.