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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue from Contracts with Customer

Disaggregated Revenues

The following tables represent the Company’s disaggregation of revenue from contracts with customers for the three months ended March 31, 2020 and 2019:

			Three months ended March 31, 2020
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	1,032					$	347					$	—					$	(1)					$	1,378
Business Solutions			260						23						—						—						283
Total retail revenue			1,292						370						—						(1)						1,661
Energy revenue(a)			5						45						75						(1)						124
Capacity revenue(a)			—						134						15						—						149
Mark-to-market for economic hedging activities(b)			—						(20)						15						1						(4)
Other revenue(a)			61						10						20						(2)						89
Total operating revenue			1,358						539						125						(3)						2,019
Less: Lease revenue			—						—						5						—						5
Less: Realized and unrealized ASC 815 revenue			7						39						44						(1)						89
Total revenue from contracts with customers			$	1,351					$	500					$	76					$	(2)					$	1,925
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Energy revenue			$	—					$	35					$	19					$	(1)					$	53
Capacity revenue			—						24						—						—						24
Other revenue			7						—						10						(1)						16
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Three months ended March 31, 2019
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	995					$	320					$	—					$	(2)					$	1,313
Business Solutions			258						18						—						—						276
Total retail revenue			1,253						338						—						(2)						1,589
Energy revenue(a)			105						126						58						1						290
Capacity revenue(a)			—						144						12						—						156
Mark-to-market for economic hedging activities(b)			31						(15)						4						—						20
Other revenue(a)			77						16						19						(2)						110
Total operating revenue			1,466						609						93						(3)						2,165
Less: Lease revenue			—						—						5						—						5
Less: Realized and unrealized ASC 815 revenue			315						54						12						—						381
Total revenue from contracts with customers			$	1,151					$	555					$	76					$	(3)					$	1,779
(a) The following table represents the realized revenues related to derivative instruments that are accounted for under ASC 815 and included in the amounts above:
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Energy revenue			$	271					$	47					$	2					$	—					$	320
Capacity revenue			—						18						—						—						18
Other revenue			13						4						6						—						23
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

Contract Asset and Liabilities

The following table reflects the contract assets and liabilities included in the Company’s balance sheet as of March 31, 2020 and December 31, 2019:

(In millions)			March 31, 2020						December 31, 2019
Deferred customer acquisition costs			$	133					$	133
Accounts receivable, net - Contracts with customers			885						1,002
Accounts receivable, net - Derivative instruments			26						18
Accounts receivable, net - Affiliate			4						5
Total accounts receivable, net			$	915					$	1,025
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)			$	328					$	402
Deferred revenues(a)			87						82

(a) Deferred revenues from contracts with customers for the three months ended March 31, 2020 and the year ended December 31, 2019 were approximately $27 million and $24 million, respectively

The revenue recognized from contracts with customers during both the three months ended March 31, 2020 and 2019 relating to the deferred revenue balance at the beginning of each period was $13 million. The change in deferred revenue balances during the three months ended March 31, 2020 and 2019 was primarily due to the timing difference of when consideration was received and when the performance obligation was transferred.

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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- References

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