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CONSOLIDATED BALANCE SHEETS - HOUSTON ELECTRIC - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 90 $ 74
Accounts receivable 710 889
Accrued unbilled revenue, less allowance for credit losses 516 764
Materials and supplies 573 635
Taxes receivable 94 20
Prepaid expenses and other current assets ($15 and $13 related to VIEs, respectively) 145 171
Total current assets 3,027 4,699
Property, Plant and Equipment:    
Property, plant and equipment 40,396 37,728
Less: accumulated depreciation and amortization 10,543 10,585
Property, plant and equipment, net 29,853 27,143
Other Assets:    
Regulatory assets 2,513 2,193
Other non-current assets 162 215
Total other assets 6,835 6,704
Total Assets 39,715 38,546
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 178 156
Accounts payable 917 1,352
Taxes accrued 291 298
Interest accrued 236 159
Other 510 452
Total current liabilities 3,864 5,113
Other Liabilities:    
Deferred income taxes, net 4,079 3,986
Benefit obligations 572 547
Regulatory liabilities 3,208 3,245
Other 763 774
Total other liabilities 8,625 8,552
Long-term Debt, net:    
VIE Securitization Bonds, net 320 161
Other long-term debt, net 17,239 14,675
Total long-term debt, net 17,559 14,836
Commitments and Contingencies (Note 15) 
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 8,604 8,568
Retained earnings 1,092 709
Total shareholders’ equity 9,667 10,042
Total Liabilities and Shareholders’ Equity 39,715 38,546
Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 90 75
Accounts receivable 21 22
Prepaid expenses and other current assets ($15 and $13 related to VIEs, respectively) 15 13
Other Assets:    
Regulatory assets 402 229
Houston Electric    
Current Assets:    
Cash and cash equivalents 76 75
Accounts receivable 295 311
Accrued unbilled revenue, less allowance for credit losses 142 142
Materials and supplies 409 471
Taxes receivable 38 0
Prepaid expenses and other current assets ($15 and $13 related to VIEs, respectively) 48 41
Total current assets 1,259 1,061
Property, Plant and Equipment:    
Property, plant and equipment 19,515 17,753
Less: accumulated depreciation and amortization 4,469 4,292
Property, plant and equipment, net 15,046 13,461
Other Assets:    
Regulatory assets 752 778
Other non-current assets 29 39
Total other assets 781 817
Total Assets 17,086 15,339
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 161 156
Accounts payable 351 413
Taxes accrued 155 150
Interest accrued 99 83
Other 111 88
Total current liabilities 981 1,645
Other Liabilities:    
Deferred income taxes, net 1,406 1,229
Benefit obligations 32 38
Regulatory liabilities 1,025 1,155
Other 107 77
Total other liabilities 2,570 2,499
Long-term Debt, net:    
VIE Securitization Bonds, net 0 161
Other long-term debt, net 7,426 6,036
Total long-term debt, net 7,426 6,197
Commitments and Contingencies (Note 15) 
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 4,745 3,860
Retained earnings 1,364 1,138
Total shareholders’ equity 6,109 4,998
Total Liabilities and Shareholders’ Equity 17,086 15,339
Houston Electric | Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 76 75
Accounts receivable 19 22
Prepaid expenses and other current assets ($15 and $13 related to VIEs, respectively) 13 13
Other Assets:    
Regulatory assets 74 229
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts and notes receivable — affiliated companies 251 21
Current Liabilities:    
Accounts and notes payable–affiliated companies $ 104 $ 755