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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 185 $ 241
Investment in marketable securities 836 822
Accounts receivable, less bad debt reserve 731 702
Bad debt reserve 47 21
Accrued unbilled revenues, less bad debt reserve 284 469
Accrued Unbilled Revenues, Allowance for Credit Losses, Current 2 0
Natural gas inventory 234 209
Materials and supplies 300 263
Taxes receivable 102 106
Current assets held for sale 0 1,002
Prepaid expenses and other current assets 113 123
Total current assets 2,785 3,937
Property, Plant and Equipment:    
Property, plant and equipment 31,823 30,324
Less: accumulated depreciation and amortization 10,088 9,700
Property, plant and equipment, net 21,735 20,624
Other Assets:    
Goodwill 4,697 4,882
Regulatory assets 2,150 2,117
Investment in unconsolidated affiliates 749 2,408
Preferred units – unconsolidated affiliate 363 363
Total non-current assets held for sale 0 962
Other 226 236
Total other assets 8,185 10,968
Total Assets 32,705 35,529
Current Liabilities:    
Short-term borrowings 37 0
Current portion of VIE Securitization Bonds long-term debt 208 231
Indexed debt, net 16 19
Current portion of other long-term debt 1,114 618
Indexed debt securities derivative 918 893
Accounts payable 658 884
Taxes accrued 212 239
Interest accrued 117 158
Customer deposits 120 124
Non-trading derivative liabilities 1 7
Current liabilities held for sale 0 455
Other 429 350
Total current liabilities 3,830 3,978
Other Liabilities:    
Deferred income taxes, net 3,575 3,928
Non-trading derivative liabilities 6 15
Benefit obligations 691 750
Regulatory liabilities 3,480 3,474
Total non-current liabilities held for sale 0 43
Other 789 738
Total other liabilities 8,541 8,948
Long-term Debt:    
VIE Securitization Bonds, net 610 746
Other long-term debt, net 11,336 13,498
Total long-term debt, net 11,946 14,244
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Cumulative preferred stock, $0.01 par value, 20,000,000 shares authorized
Preferred Stock, Shares Authorized 20,000,000  
Common stock $ 5 $ 5
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 1,000,000,000 1,000,000,000
Common Stock, Shares, Outstanding 544,819,895 502,242,061
Additional paid-in capital $ 6,805 $ 6,080
Retained earnings (accumulated deficit) (796) 632
Accumulated other comprehensive income (loss) (82) (98)
Total shareholders’ equity 8,388 8,359
Total Liabilities and Shareholders’ Equity 32,705 35,529
Variable Interest Entity, Primary Beneficiary [Member]    
Current Assets:    
Cash and cash equivalents 172 216
Accounts receivable, less bad debt reserve 30 26
Prepaid expenses and other current assets 16 19
Other Assets:    
Regulatory assets 669 788
Houston Electric [Member]    
Current Assets:    
Cash and cash equivalents 172 216
Bad debt reserve 1 1
Accounts and notes receivable, less bad debt reserve 367 238
Accounts and notes receivable–affiliated companies 41 523
Accrued unbilled revenues, less bad debt reserve 124 117
Materials and supplies 182 147
Prepaid expenses and other current assets 32 49
Total current assets 918 1,290
Property, Plant and Equipment:    
Property, plant and equipment 13,354 12,829
Less: accumulated depreciation and amortization 3,875 3,797
Property, plant and equipment, net 9,479 9,032
Other Assets:    
Regulatory assets 873 915
Other 26 25
Total other assets 899 940
Total Assets 11,296 11,262
Current Liabilities:    
Short-term borrowings 5 0
Current portion of VIE Securitization Bonds long-term debt 208 231
Current portion of other long-term debt 402 0
Accounts payable 256 268
Accounts and notes payable–affiliated companies 60 76
Taxes accrued 155 123
Interest accrued 45 69
Other 127 63
Total current liabilities 1,258 830
Other Liabilities:    
Deferred income taxes, net 1,029 1,030
Benefit obligations 72 75
Regulatory liabilities 1,285 1,288
Other 87 69
Total other liabilities 2,473 2,462
Long-term Debt:    
VIE Securitization Bonds, net 610 746
Other long-term debt, net 3,869 3,973
Total long-term debt, net 4,479 4,719
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 2,486 2,486
Retained earnings (accumulated deficit) 600 780
Accumulated other comprehensive income (loss) 0 (15)
Total shareholders’ equity 3,086 3,251
Total Liabilities and Shareholders’ Equity 11,296 11,262
Houston Electric [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Current Assets:    
Cash and cash equivalents 172 216
Accounts receivable, less bad debt reserve 30 26
Prepaid expenses and other current assets 16 19
Other Assets:    
Regulatory assets 669 788
CERC Corp [Member]    
Current Assets:    
Cash and cash equivalents 2 2
Accounts receivable, less bad debt reserve 231 322
Bad debt reserve 39 15
Accounts and notes receivable–affiliated companies 14 10
Accrued unbilled revenues, less bad debt reserve 90 249
Accrued Unbilled Revenues, Allowance for Credit Losses, Current 1 0
Natural gas inventory 152 135
Materials and supplies 68 71
Current assets held for sale 0 691
Prepaid expenses and other current assets 11 9
Total current assets 568 1,489
Property, Plant and Equipment:    
Property, plant and equipment 8,608 8,079
Less: accumulated depreciation and amortization 2,408 2,270
Property, plant and equipment, net 6,200 5,809
Other Assets:    
Goodwill 757 757
Regulatory assets 206 191
Total non-current assets held for sale 0 213
Other 48 53
Total other assets 1,011 1,214
Total Assets 7,779 8,512
Current Liabilities:    
Short-term borrowings 31 0
Accounts payable 191 333
Accounts and notes payable–affiliated companies 44 47
Taxes accrued 68 84
Interest accrued 31 38
Customer deposits 76 74
Current liabilities held for sale 0 368
Other 165 167
Total current liabilities 606 1,111
Other Liabilities:    
Deferred income taxes, net 509 470
Benefit obligations 84 80
Regulatory liabilities 1,216 1,219
Total non-current liabilities held for sale 0 27
Other 437 418
Total other liabilities 2,246 2,214
Long-term Debt:    
Total long-term debt, net 2,582 2,546
Commitments and Contingencies (Note 14)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 1,829 2,116
Retained earnings (accumulated deficit) 506 515
Accumulated other comprehensive income (loss) 10 10
Total shareholders’ equity 2,345 2,641
Total Liabilities and Shareholders’ Equity $ 7,779 $ 8,512
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock aggregate liquidation preference $ 800 $ 800
Preferred stock outstanding (in shares) 800,000 800,000
Preferred Stock, $0.01 par value $ 790 $ 790
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock aggregate liquidation preference $ 978 $ 978
Preferred stock outstanding (in shares) 977,500 977,500
Preferred Stock, $0.01 par value $ 950 $ 950
Series C Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock aggregate liquidation preference $ 725 $ 725
Preferred stock outstanding (in shares) 725,000 725,000
Preferred Stock, $0.01 par value $ 716 $ 0
Cumulative Preferred Stock    
Shareholders’ Equity:    
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 20,000,000 20,000,000