XML 85 R63.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value Measurements (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure $ 823   $ 823   $ 732
Assets          
Derivative assets 48   48   57
Assets, Fair Value Disclosure 898   898   747
Total derivative assets, netting adjustment [1] (103)   (103)   (82)
Liabilities          
Total derivative liabilities, netting adjustment [1] (139)   (139)   (101)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance 13 $ (662) 30 $ (622)  
Total gains (losses) 13 (11) 12 (16)  
Total settlements (2) 44 (17) 11  
Transfers into Level 3 (2) 1 (1) 1  
Transfers out of Level 3 (2) 0 (4) (2)  
Ending balance (1) [2] 20 (628) 20 (628)  
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: 9 (9) 6 (23)  
Carrying Amount [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities [3] 14,587   14,587   9,140
Fair Value [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities [3] 15,438   15,438   9,308
Energy Related Derivative [Member]          
Liabilities          
Derivative fair value offsets, net 36   36   19
Fair Value, Inputs, Level 1 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 9   9   24
Assets          
Assets, Fair Value Disclosure 753   753   609
Fair Value, Inputs, Level 2 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 940   940   792
Assets          
Assets, Fair Value Disclosure 215   215   173
Fair Value, Inputs, Level 3 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 13   13   17
Assets          
Assets, Fair Value Disclosure 33   $ 33   47
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Minimum [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Fair value inputs (price per MMBtu)     1.62    
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Maximum [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Fair value inputs (price per MMBtu)     5.64    
Fair Value, Measurements, Recurring [Member]          
Assets          
Corporate equities 690   $ 690   542
Investments, including money market funds (2) [4] 63   63   66
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liabilities 8   8   24
Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset, netting adjustment [1],[5],[6] (103)   (103)   (82)
Derivative assets [5],[6] 145   145   138
Liabilities          
Derivative liabilities, netting adjustment [1],[5],[6] (139)   (139)   (101)
Derivative liabilities [5],[6] 51   51   107
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member]          
Liabilities          
Derivative liabilities, netting adjustment [1] 0   0   0
Derivative liabilities 755   755   601
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Assets          
Corporate equities 690   690   542
Investments, including money market funds (2) [4] 63   63   66
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 0   0   24
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 0   0   0
Liabilities          
Derivative liability [5],[6] 0   0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | IDS Derivative [Member]          
Liabilities          
Derivative liability 0   0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]          
Assets          
Corporate equities 0   0   0
Investments, including money market funds (2) [4] 0   0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 8   8   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 215   215   173
Liabilities          
Derivative liability [5],[6] 177   177   191
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | IDS Derivative [Member]          
Liabilities          
Derivative liability 755   755   601
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]          
Assets          
Corporate equities 0   0   0
Investments, including money market funds (2) [4] 0   0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 0   0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 33   33   47
Liabilities          
Derivative liability [5],[6] 13   13   17
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member]          
Liabilities          
Derivative liability 0   0   0
Houston Electric [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 0   0   24
Assets          
Assets, Fair Value Disclosure 47   47   48
Total derivative assets, netting adjustment 0   0   0
Liabilities          
Total derivative liabilities, netting adjustment 0   0   0
Houston Electric [Member] | Carrying Amount [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities [3] 5,165   5,165   4,717
Houston Electric [Member] | Fair Value [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities [3] 5,583   5,583   4,770
Houston Electric [Member] | Fair Value, Inputs, Level 1 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 0   0   24
Assets          
Assets, Fair Value Disclosure 47   47   48
Houston Electric [Member] | Fair Value, Inputs, Level 2 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 0   0   0
Assets          
Assets, Fair Value Disclosure 0   0   0
Houston Electric [Member] | Fair Value, Inputs, Level 3 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 0   0   0
Assets          
Assets, Fair Value Disclosure 0   0   0
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member]          
Assets          
Investments, including money market funds (2) [4] 47   47   48
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liabilities 0   0   24
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Assets          
Investments, including money market funds (2) [4] 47   47   48
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 0   0   24
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]          
Assets          
Investments, including money market funds (2) [4] 0   0   0
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 0   0   0
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]          
Assets          
Investments, including money market funds (2) [4] 0   0   0
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member]          
Liabilities          
Derivative liability 0   0   0
CERC Corp [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 44   44   107
Assets          
Derivative assets 48   48   57
Assets, Fair Value Disclosure 159   159   152
Total derivative assets, netting adjustment [1] (103)   (103)   (82)
Liabilities          
Total derivative liabilities, netting adjustment [1] (139)   (139)   (101)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance 13 12 30 46  
Total gains (losses) 13 1 12 3  
Total settlements (2) (1) (17) (35)  
Transfers into Level 3 (2) 1 (1) 1  
Transfers out of Level 3 (2) 0 (4) (2)  
Ending balance (1) [2] 20 13 20 13  
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: 9 $ 3 6 $ (4)  
CERC Corp [Member] | Carrying Amount [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities 2,397   2,397   2,371
CERC Corp [Member] | Fair Value [Member]          
Estimated Fair Value of Financial Instruments          
Long-term debt, including current maturities 2,641   2,641   2,488
CERC Corp [Member] | Energy Related Derivative [Member]          
Liabilities          
Derivative fair value offsets, net 36   36   19
CERC Corp [Member] | Fair Value, Inputs, Level 1 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 9   9   0
Assets          
Assets, Fair Value Disclosure 14   14   14
CERC Corp [Member] | Fair Value, Inputs, Level 2 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 161   161   191
Assets          
Assets, Fair Value Disclosure 215   215   173
CERC Corp [Member] | Fair Value, Inputs, Level 3 [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Financial Liabilities Fair Value Disclosure 13   13   17
Assets          
Assets, Fair Value Disclosure 33   $ 33   47
CERC Corp [Member] | Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Minimum [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Fair value inputs (price per MMBtu)     1.62    
CERC Corp [Member] | Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Maximum [Member]          
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]          
Fair value inputs (price per MMBtu)     5.64    
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member]          
Assets          
Corporate equities 3   $ 3   2
Investments, including money market funds (2) [4] 11   11   11
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset, netting adjustment [1],[5],[6] (103)   (103)   (82)
Derivative assets [5],[6] 145   145   138
Liabilities          
Derivative liabilities, netting adjustment [1],[5],[6] (139)   (139)   (101)
Derivative liabilities [5],[6] 35   35   107
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Assets          
Corporate equities 3   3   2
Investments, including money market funds (2) [4] 11   11   11
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 0   0   0
Liabilities          
Derivative liability [5],[6] 0   0   0
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]          
Assets          
Corporate equities 0   0   0
Investments, including money market funds (2) [4] 0   0   0
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 215   215   173
Liabilities          
Derivative liability [5],[6] 161   161   191
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]          
Assets          
Corporate equities 0   0   0
Investments, including money market funds (2) [4] 0   0   0
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member]          
Assets          
Derivative asset [5],[6] 33   33   47
Liabilities          
Derivative liability [5],[6] 13   13   17
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   1
Liabilities          
Fair Value Hedge Liabilities 9   9   0
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   1
Liabilities          
Fair Value Hedge Liabilities 9   9   0
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   0
Liabilities          
Fair Value Hedge Liabilities 0   0   0
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   0
Liabilities          
Fair Value Hedge Liabilities 0   0   0
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   1
Liabilities          
Fair Value Hedge Liabilities 9   9   0
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   1
Liabilities          
Fair Value Hedge Liabilities 9   9   0
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   0
Liabilities          
Fair Value Hedge Liabilities 0   0   0
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]          
Assets          
Hedged portion of natural gas inventory 0   0   0
Liabilities          
Fair Value Hedge Liabilities $ 0   $ 0   $ 0
[1]
Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy and CERC to settle positive and negative positions and also include cash collateral posted with the same counterparties as follows:
 
June 30, 2019
 
December 31, 2018
 
CenterPoint Energy
 
CERC
 
CenterPoint Energy
 
CERC
 
(in millions)
Cash collateral posted with the same counterparties
$
36

 
$
36

 
$
19

 
$
19


[2]
CenterPoint Energy and CERC did not have significant Level 3 sales or purchases during the three or six months ended June 30, 2019 or 2018.
[3]
Includes Securitization Bonds debt.
[4]
Amounts are included in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets.
[5]
Level 1 natural gas derivatives include exchange-traded derivatives cleared by the CME, which deems that financial instruments cleared by the CME are settled daily in connection with posted cash payments. As a result of this exchange rule, CME-related derivatives are considered to have no fair value at the balance sheet date for financial reporting purposes and are presented in Level 1 net of posted cash; however, the derivatives remain outstanding and subject to future commodity price fluctuations until they are settled in accordance with their contractual terms. Derivative transactions cleared on exchanges other than the CME (e.g., the Intercontinental Exchange or ICE) continue to be reported on a gross basis.
[6] Natural gas derivatives include no material amounts related to physical forward transactions with Enable.