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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 255 $ 4,231
Investment in marketable securities 623 540
Accounts receivable, less bad debt reserve 1,415 1,190
Accrued unbilled revenues 451 378
Natural gas inventory 115 194
Materials and supplies 256 200
Non-trading derivative assets 63 100
Prepaid expenses and other current assets 241 192
Total current assets 3,419 7,025
Property, Plant and Equipment:    
Property, plant and equipment 29,011 20,267
Less: accumulated depreciation and amortization 9,499 6,223
Property, plant and equipment, net 19,512 14,044
Other Assets:    
Goodwill 5,129 867
Regulatory assets 2,229 1,967
Non-trading derivative assets 33 38
Investment in unconsolidated affiliates 2,471 2,482
Preferred units – unconsolidated affiliate 363 363
Intangibles 460 65
Other 286 158
Total other assets 10,971 5,940
Total Assets 33,902 27,009
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 347 458
Indexed debt, net 23 24
Current portion of other long-term debt 32 0
Indexed debt securities derivative 687 601
Accounts payable 1,181 1,240
Taxes accrued 214 204
Interest accrued 127 121
Dividends accrued 0 187
Customer deposits 142 86
Non-trading derivative liabilities 48 126
Other 338 255
Total current liabilities 3,139 3,302
Other Liabilities:    
Deferred income taxes, net 3,824 3,239
Non-trading derivative liabilities 18 5
Benefit obligations 888 796
Regulatory liabilities 3,449 2,525
Other 609 402
Total other liabilities 8,788 6,967
Long-term Debt:    
VIE Securitization Bonds, net 914 977
Other long-term debt, net 12,845 7,705
Total long-term debt, net 13,759 8,682
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Cumulative preferred stock, $0.01 par value, 20,000,000 shares authorized
Common stock 5 5
Additional paid-in capital 6,060 6,072
Retained earnings 518 349
Accumulated other comprehensive income (loss) (107) (108)
Total shareholders’ equity 8,216 8,058
Total Liabilities and Shareholders’ Equity 33,902 27,009
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents 243 335
Accounts and notes receivable, less bad debt reserve 286 283
Accounts and notes receivable–affiliated companies 991 20
Accrued unbilled revenues 86 110
Materials and supplies 134 135
Taxes receivable 0 5
Prepaid expenses and other current assets 46 61
Total current assets 1,786 949
Property, Plant and Equipment:    
Property, plant and equipment 12,287 12,148
Less: accumulated depreciation and amortization 3,743 3,746
Property, plant and equipment, net 8,544 8,402
Other Assets:    
Regulatory assets 1,056 1,124
Other 34 32
Total other assets 1,090 1,156
Total Assets 11,420 10,507
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 347 458
Accounts payable 238 262
Accounts and notes payable–affiliated companies 37 78
Taxes accrued 65 115
Interest accrued 56 64
Non-trading derivative liabilities 0 24
Other 76 89
Total current liabilities 819 1,090
Other Liabilities:    
Deferred income taxes, net 1,015 1,023
Benefit obligations 88 91
Regulatory liabilities 1,272 1,298
Other 68 65
Total other liabilities 2,443 2,477
Long-term Debt:    
VIE Securitization Bonds, net 914 977
Other long-term debt, net 3,970 3,281
Total long-term debt, net 4,884 4,258
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,486 1,896
Retained earnings 803 800
Accumulated other comprehensive income (loss) (15) (14)
Total shareholders’ equity 3,274 2,682
Total Liabilities and Shareholders’ Equity 11,420 10,507
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 1 14
Accounts receivable, less bad debt reserve 856 894
Accounts and notes receivable–affiliated companies 232 120
Accrued unbilled revenues 191 268
Natural gas inventory 72 194
Materials and supplies 67 65
Non-trading derivative assets 63 100
Prepaid expenses and other current assets 65 115
Total current assets 1,547 1,770
Property, Plant and Equipment:    
Property, plant and equipment 7,533 7,431
Less: accumulated depreciation and amortization 2,260 2,205
Property, plant and equipment, net 5,273 5,226
Other Assets:    
Goodwill 867 867
Regulatory assets 180 181
Non-trading derivative assets 33 38
Other 165 132
Total other assets 1,245 1,218
Total Assets 8,065 8,214
Current Liabilities:    
Accounts payable 570 856
Accounts and notes payable–affiliated companies 38 50
Taxes accrued 81 82
Interest accrued 31 38
Customer deposits 76 75
Non-trading derivative liabilities 47 102
Other 136 137
Total current liabilities 979 1,340
Other Liabilities:    
Deferred income taxes, net 443 406
Non-trading derivative liabilities 9 5
Benefit obligations 94 93
Regulatory liabilities 1,233 1,227
Other 362 329
Total other liabilities 2,141 2,060
Long-term Debt:    
Total long-term debt, net 2,384 2,371
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,015 2,015
Retained earnings 541 423
Accumulated other comprehensive income (loss) 5 5
Total shareholders’ equity 2,561 2,443
Total Liabilities and Shareholders’ Equity 8,065 8,214
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock, $0.01 par value 790 790
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred Stock, $0.01 par value $ 950 $ 950