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CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Utility revenues $ 1,476 $ 1,565 $ 3,549 $ 3,736
Non-utility revenues 99 93 193 151
Total 1,575 1,658 3,742 3,887
Expenses:        
Utility natural gas, fuel and purchased power 202 260 811 1,057
Non-utility cost of revenues, including natural gas 69 61 133 108
Operation and maintenance 643 673 1,317 1,421
Depreciation and amortization 297 322 579 622
Taxes other than income taxes 129 113 265 239
Goodwill Impairment 0 0 185 0
Total 1,340 1,429 3,290 3,447
Operating Income 235 229 452 440
Other Income (Expense):        
Gain (loss) on marketable securities 75 64 (69) 147
Gain (loss) on indexed debt securities (76) (68) 59 (154)
Interest expense and other finance charges (128) (134) (267) (255)
Interest expense on Securitization Bonds (7) (10) (15) (22)
Equity in earnings (loss) of unconsolidated affiliates, net 43 74 (1,432) 136
Interest Income 1 1 1 13
Interest income from Securitization Bonds 0 1 1 3
Other income (expense), net 21 9 34 15
Total (71) (63) (1,688) (117)
Income (Loss) from Continuing Operations before Income Taxes 164 166 (1,236) 323
Income tax expense (benefit) 29 15 (318) 29
Income (Loss) from Continuing Operations 135 151 (918) 294
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (30) 44 (176) 70
Net Income (Loss) 105 195 (1,094) 364
Income allocated to preferred shareholders 46 30 75 59
Income (Loss) Available to Common Shareholders $ 59 $ 165 $ (1,169) $ 305
Basic earnings (loss) per common share - continuing operations $ 0.17 $ 0.24 $ (1.93) $ 0.47
Basic earnings (loss) per common share - discontinued operations (0.06) 0.09 (0.34) 0.14
Basic Earnings (Loss) Per Common Share 0.11 0.33 (2.27) 0.61
Earnings Per Share, Diluted [Abstract]        
Diluted earnings (loss) per common share - continuing operations 0.17 0.24 (1.93) 0.47
Diluted earnings (loss) per common share - discontinued operations (0.06) 0.09 (0.34) 0.14
Diluted Earnings (Loss) Per Common Share $ 0.11 $ 0.33 $ (2.27) $ 0.61
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [Abstract]        
Weighted Average Common Shares Outstanding, Basic 528,066,000 502,200,000 515,227,000 501,862,000
Weighted Average Common Shares Outstanding, Diluted 530,837,000 504,831,000 515,227,000 504,493,000
Houston Electric [Member]        
Revenues:        
Total $ 720 $ 765 $ 1,354 $ 1,451
Expenses:        
Operation and maintenance 364 359 723 727
Depreciation and amortization 140 176 269 351
Taxes other than income taxes 64 61 128 123
Total 568 596 1,120 1,201
Operating Income 152 169 234 250
Other Income (Expense):        
Interest expense and other finance charges (43) (42) (84) (82)
Interest expense on Securitization Bonds (7) (10) (15) (22)
Interest Income 0 6 1 10
Interest income from Securitization Bonds 0 1 1 3
Other income (expense), net 1 (1) 4 (3)
Total (49) (46) (93) (94)
Income (Loss) from Continuing Operations before Income Taxes 103 123 141 156
Income tax expense (benefit) 16 23 21 29
Net Income (Loss) 87 100 120 127
CERC Corp [Member]        
Revenues:        
Utility revenues 467 513 1,463 1,708
Non-utility revenues 16 13 31 30
Total 483 526 1,494 1,738
Expenses:        
Utility natural gas, fuel and purchased power 137 186 609 873
Non-utility cost of revenues, including natural gas 7 8 13 18
Operation and maintenance 179 194 388 427
Depreciation and amortization 74 73 148 146
Taxes other than income taxes 44 38 94 87
Total 441 499 1,252 1,551
Operating Income 42 27 242 187
Other Income (Expense):        
Interest expense and other finance charges (29) (30) (59) (59)
Interest Income 0 3 0 3
Other income (expense), net 0 (3) (4) (6)
Total (29) (30) (63) (62)
Income (Loss) from Continuing Operations before Income Taxes 13 (3) 179 125
Income tax expense (benefit) (4) (5) 31 13
Income (Loss) from Continuing Operations 17 2 148 112
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (4) 26 (68) 54
Net Income (Loss) $ 13 $ 28 $ 80 $ 166