Equity Securities and Indexed Debt Securities (ZENS) (CenterPoint Energy) (Tables)

12 Months Ended

Dec. 31, 2023

Gains and losses on equity securities, net of transaction costs, are recorded as Gain (loss) on equity securities in CenterPoint Energy’s Statements of Consolidated Income. The following table presents information on CenterPoint Energy's equity securities for each period indicated:


	Year Ended December 31,
	2023		2022		2021
			(in millions)
AT&T Common	$	(17)	$	(63)	$	(43)
Charter Common	43		(273)		(8)
WBD Common	5		23		—
Energy Transfer Common Units (1)	—		95		(124)
Energy Transfer Series G Preferred Units (1)	—		(9)		2
Other	—		—		1
Total Gains (Losses) on Equity Securities	$	31	$	(227)	$	(172)

(1)In 2022, CenterPoint Energy completed the execution of its previously announced plan to exit the midstream sector by selling the remaining Energy Transfer Common Units and Energy Transfer Series G Preferred Units it held.

Debt Securities, Trading, and Equity Securities, FV-NI

CenterPoint Energy and its subsidiaries hold shares of certain securities detailed in the table below, which are classified as trading securities. Shares of AT&T Common, Charter Common and WBD Common are expected to be held to facilitate CenterPoint Energy’s ability to meet its obligation under the ZENS.


	Shares Held at December 31,		Carrying Value at December 31,
	2023	2022	2023		2022
			(in millions)
AT&T Common	10,212,945	10,212,945	$	171	$	188
Charter Common	872,503	872,503	339		296
WBD Common	2,470,685	2,470,685	28		23


Other			3		3
			$	541	$	510

Summarized Financial Information on Investment in Time Warner Securities and Indexed Debt Security Obligation

CenterPoint Energy’s reference shares for each ZENS consisted of the following:


	December 31,
	2023	2022
	(in shares)
AT&T Common	0.7185	0.7185
Charter Common	0.061382	0.061382
WBD Common	0.173817	0.173817

The following table sets forth summarized financial information regarding CenterPoint Energy’s investment in ZENS-Related Securities and each component of CenterPoint Energy’s ZENS obligation.


	ZENS-Related Securities		Debt Component of ZENS		Derivative Component of ZENS
	(in millions)
Balance as of December 31, 2020	$	871	$	15	$	953
Accretion of debt component of ZENS	—		17		—
2% interest paid	—		(17)		—

Distribution to ZENS holders	—		(5)		—

Gain on indexed debt securities	—		—		(50)
Loss on ZENS-Related Securities	(51)		—		—
Balance as of December 31, 2021	820		10		903
Accretion of debt component of ZENS	—		17		—
2% interest paid	—		(17)		—

Distribution to ZENS holders	—		(3)		—

Gain on indexed debt securities	—		—		(325)
Loss on ZENS-Related Securities	(313)		—		—
Balance as of December 31, 2022	507		7		578

Accretion of debt component of ZENS	—		17		—
2% interest paid	—		(17)		—

Distribution to ZENS holders	—		(2)		—

Loss on indexed debt securities	—		—		27
Gain on ZENS-Related Securities	31		—		—
Balance as of December 31, 2023	$	538	$	5	$	605