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Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables represent the Company’s disaggregation of revenue from contracts with customers for the years ended December 31, 2021, 2020 and 2019:
For the Year Ended December 31, 2021
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$5,665 $1,959 $2,053 $(1)$9,676 
Business2,745 9,903 1,237 — 13,885 
Total retail revenue8,410 11,862 3,290 (1)23,561 
Energy revenue(c)
329 508 371 7 1,215 
Capacity revenue(c)
— 718 57 — 775 
Mark-to-market for economic hedging activities(d)
(3)(88)(86)13 (164)
Contract amortization— (26)(4)— (30)
Other revenue(b)(c)
1,557 59 25 (9)1,632 
Total operating revenue10,293 13,033 3,653 10 26,989 
Less: Lease revenue— 1 7 — 8 
Less: Realized and unrealized ASC 815 revenue130 184 (96)16 234 
Less: Contract amortization— (26)(4)— (30)
Total revenue from contracts with customers$10,163 $12,874 $3,746 $(6)$26,777 
(a) Home includes Services
(b) Other Revenue in Texas includes ancillary revenues of $1.3 billion driven by high pricing during Winter Storm Uri
(c) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$— $131 $2 $3 $136 
Capacity revenue— 149 — — 149 
Other revenue133 (8)(12)— 113 
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
For the Year Ended December 31, 2020
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$5,027 $1,210 $96 $(2)$6,331 
Business1,034 95 — — 1,129 
Total retail revenue6,061 1,305 96 (2)7,460 
Energy revenue(b)
24 183 333 (1)539 
Capacity revenue(b)
— 620 61 (1)680 
Mark-to-market for economic hedging activities(c)
2 88 (3)8 95 
Other revenue(b)
222 62 43 (8)319 
Total operating revenue6,309 2,258 530 (4)9,093 
Less: Lease revenue— 1 17 — 18 
Less: Realized and unrealized ASC 815 revenue30 314 38 3 385 
Total revenue from contracts with customers$6,279 $1,943 $475 $(7)$8,690 
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$— $67 $43 $(5)$105 
Capacity revenue— 156 — — 156 
Other revenue28 3 (2)— 29 
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
For the Year Ended December 31, 2019
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Retail revenue
Home(a)
$5,027 $1,173 $57 $(3)$6,254 
Business1,205 74 — — 1,279 
Total retail revenue6,232 1,247 57 (3)7,533 
Energy revenue(b)
529 322 318 — 1,169 
Capacity revenue(b)
— 664 36 — 700 
Mark-to-market for economic hedging activities(c)
47 (29)16 (1)33 
Other revenue(b)
261 58 70 (3)386 
Total operating revenue7,069 2,262 497 (7)9,821 
Less: Lease revenue— 1 19 — 20 
Less: Realized and unrealized ASC 815 revenue1,562 183 67 (2)1,810 
Total revenue from contracts with customers$5,507 $2,078 $411 $(5)$7,991 
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions)
TexasEastWest/Services/OtherCorporate/EliminationsTotal
Energy revenue$1,459 $98 $39 $(1)$1,595 
Capacity revenue— 109 — — 109 
Other revenue56 5 12 — 73 
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Contract Assets and Liabilities
The following table reflects the contract assets and liabilities included in the Company's balance sheet as of December 31, 2021 and 2020:
(In millions)December 31, 2021December 31, 2020
Deferred customer acquisition costs$133 $113 
Accounts receivable, net - Contracts with customers3,057 866 
Accounts receivable, net - Derivative instruments182 33 
Accounts receivable, net - Affiliate6 5 
Total accounts receivable, net$3,245 $904 
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)$1,574 $393 
Deferred revenues (a)
$227 $60 
(a) Deferred revenues from contracts with customers for the years ended December 31, 2021 and 2020 were approximately $224 million and $31 million, respectively