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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2020 and 2019:

			Three months ended September 30, 2020
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	1,633					$	354					$	—					$	—					$	1,987
Business Solutions			288						27						—						—						315
Total retail revenue			1,921						381						—						—						2,302
Energy revenue(a)			11						93						117						1						222
Capacity revenue(a)			—						158						16						—						174
Mark-to-market for economic hedging activities(b)			1						43						(10)						5						39
Other revenue(a)			59						18						(1)						(4)						72
Total operating revenue			1,992						693						122						2						2,809
Less: Lease revenue			—						—						5						—						5
Less: Realized and unrealized ASC 815 revenue			10						115						(10)						5						120
Total revenue from contracts with customers			$	1,982					$	578					$	127					$	(3)					$	2,684
(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			$	—					$	23					$	13					$	(1)					$	35
Capacity revenue			—						49						—						—						49
Other revenue			9						—						(13)						1						(3)
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Three months ended September 30, 2019
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	1,735					$	337					$	—					$	—					$	2,072
Business Solutions			397						19						—						—						416
Total retail revenue			2,132						356						—						—						2,488
Energy revenue(a)			211						109						107						(1)						426
Capacity revenue(a)			—						185						9						—						194
Mark-to-market for economic hedging activities(b)			(213)						12						(9)						—						(210)
Other revenue(a)			78						17						4						(1)						98
Total operating revenue			2,208						679						111						(2)						2,996
Less: Lease revenue			—						—						5						—						5
Less: Realized and unrealized ASC 815 revenue			420						69						—						(2)						487
Total revenue from contracts with customers			$	1,788					$	610					$	106					$	—					$	2,504
(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			$	613					$	20					$	21					$	(2)					$	652
Capacity revenue			—						34						—						—						34
Other revenue			20						3						(12)						—						11
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2020
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	3,938					$	992					$	—					$	(1)					$	4,929
Business Solutions			796						70						—						—						866
Total retail revenue			4,734						1,062						—						(1)						5,795
Energy revenue(a)			21						157						252						(1)						429
Capacity revenue(a)			—						471						47						—						518
Mark-to-market for economic hedging activities(b)			1						63						6						8						78
Other revenue(a)			172						45						36						(7)						246
Total operating revenue			4,928						1,798						341						(1)						7,066
Less: Lease revenue			—						1						14						—						15
Less: Realized and unrealized ASC 815 revenue			24						239						50						5						318
Total revenue from contracts with customers			$	4,904					$	1,558					$	277					$	(6)					$	6,733
(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			$	—					$	60					$	42					$	(3)					$	99
Capacity revenue			—						114						—						—						114
Other revenue			23						2						2						—						27
(b) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2019
(In millions)			Texas						East						West/Other						Corporate/Eliminations						Total
Retail revenue:
Mass Market			$	3,891					$	892					$	—					$	(3)					$	4,780
Business Solutions			927						55						—						—						982
Total retail revenue			4,818						947						—						(3)						5,762
Energy revenue(a)			452						283						217						—						952
Capacity revenue(a)			—						524						27						—						551
Mark-to-market for economic hedging activities(b)			28						13						11						(1)						51
Other revenue(a)			213						45						55						(3)						310
Total operating revenue			5,511						1,812						310						(7)						7,626
Less: Lease revenue			—						1						14						—						15
Less: Realized and unrealized ASC 815 revenue			1,314						187						46						(2)						1,545
Total revenue from contracts with customers			$	4,197					$	1,624					$	250					$	(5)					$	6,066
(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			$	1,239					$	87					$	28					$	(2)					$	1,352
Capacity revenue			—						81						—						1						82
Other revenue			47						6						7						—						60
(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 September 30, 2020 and December 31, 2019:

(In millions)			September 30, 2020						December 31, 2019
Deferred customer acquisition costs			$	122					$	133
Accounts receivable, net - Contracts with customers			1,084						1,002
Accounts receivable, net - Derivative instruments			37						18
Accounts receivable, net - Affiliate			5						5
Total accounts receivable, net			$	1,126					$	1,025
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)			$	411					$	402
Deferred revenues(a)			60						82

(a) Deferred revenues from contracts with customers for the three months ended September 30, 2020 and the year ended December 31, 2019 were approximately $31 million and $24 million, respectively

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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=121604090&loc=SL49130551-203045

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X

- 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=121604090&loc=SL49130545-203045

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- References

No definition available.

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