XML 74 R41.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables represent the Company’s disaggregation of revenue from contracts with customers for the years ended December 31, 2021, 2020 and 2019:
| For the Year Ended December 31, 2021
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(a) | $ | 5,665 |  |  | $ | 1,959 |  |  | $ | 2,053 |  |  |  |  | $ | (1) |  |  | $ | 9,676 |
Business | 2,745 |  |  | 9,903 |  |  | 1,237 |  |  |  |  | — |  |  | 13,885 |
Total retail revenue | 8,410 |  |  | 11,862 |  |  | 3,290 |  |  |  |  | (1) |  |  | 23,561 |
Energy revenue(c) | 329 |  |  | 508 |  |  | 371 |  |  |  |  | 7 |  |  | 1,215 |
Capacity revenue(c) | — |  |  | 718 |  |  | 57 |  |  |  |  | — |  |  | 775 |
Mark-to-market for economic hedging activities(d) | (3) |  |  | (88) |  |  | (86) |  |  |  |  | 13 |  |  | (164) |
Contract amortization | — |  |  | (26) |  |  | (4) |  |  |  |  | — |  |  | (30) |
Other revenue(b)(c) | 1,557 |  |  | 59 |  |  | 25 |  |  |  |  | (9) |  |  | 1,632 |
Total operating revenue | 10,293 |  |  | 13,033 |  |  | 3,653 |  |  |  |  | 10 |  |  | 26,989 |
Less: Lease revenue | — |  |  | 1 |  |  | 7 |  |  |  |  | — |  |  | 8 |
Less: Realized and unrealized ASC 815 revenue | 130 |  |  | 184 |  |  | (96) |  |  |  |  | 16 |  |  | 234 |
Less: Contract amortization | — |  |  | (26) |  |  | (4) |  |  |  |  | — |  |  | (30) |
Total revenue from contracts with customers | $ | 10,163 |  |  | $ | 12,874 |  |  | $ | 3,746 |  |  |  |  | $ | (6) |  |  | $ | 26,777 |
(a) Home includes Services
(b) Other Revenue in Texas includes ancillary revenues of $1.3 billion driven by high pricing during Winter Storm Uri
(c) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 131 |  |  | $ | 2 |  |  |  |  | $ | 3 |  |  | $ | 136 |
Capacity revenue | — |  |  | 149 |  |  | — |  |  |  |  | — |  |  | 149 |
Other revenue | 133 |  |  | (8) |  |  | (12) |  |  |  |  | — |  |  | 113 |
(d) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| For the Year Ended December 31, 2020
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(a) | $ | 5,027 |  |  | $ | 1,210 |  |  | $ | 96 |  |  |  |  | $ | (2) |  |  | $ | 6,331 |
Business | 1,034 |  |  | 95 |  |  | — |  |  |  |  | — |  |  | 1,129 |
Total retail revenue | 6,061 |  |  | 1,305 |  |  | 96 |  |  |  |  | (2) |  |  | 7,460 |
Energy revenue(b) | 24 |  |  | 183 |  |  | 333 |  |  |  |  | (1) |  |  | 539 |
Capacity revenue(b) | — |  |  | 620 |  |  | 61 |  |  |  |  | (1) |  |  | 680 |
Mark-to-market for economic hedging activities(c) | 2 |  |  | 88 |  |  | (3) |  |  |  |  | 8 |  |  | 95 |
Other revenue(b) | 222 |  |  | 62 |  |  | 43 |  |  |  |  | (8) |  |  | 319 |
Total operating revenue | 6,309 |  |  | 2,258 |  |  | 530 |  |  |  |  | (4) |  |  | 9,093 |
Less: Lease revenue | — |  |  | 1 |  |  | 17 |  |  |  |  | — |  |  | 18 |
Less: Realized and unrealized ASC 815 revenue | 30 |  |  | 314 |  |  | 38 |  |  |  |  | 3 |  |  | 385 |
Total revenue from contracts with customers | $ | 6,279 |  |  | $ | 1,943 |  |  | $ | 475 |  |  |  |  | $ | (7) |  |  | $ | 8,690 |
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 67 |  |  | $ | 43 |  |  |  |  | $ | (5) |  |  | $ | 105 |
Capacity revenue | — |  |  | 156 |  |  | — |  |  |  |  | — |  |  | 156 |
Other revenue | 28 |  |  | 3 |  |  | (2) |  |  |  |  | — |  |  | 29 |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| For the Year Ended December 31, 2019
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Retail revenue |  |  |  |  |  |  |  |  |  |  |
Home(a) | $ | 5,027 |  |  | $ | 1,173 |  |  | $ | 57 |  |  |  |  | $ | (3) |  |  | $ | 6,254 |
Business | 1,205 |  |  | 74 |  |  | — |  |  |  |  | — |  |  | 1,279 |
Total retail revenue | 6,232 |  |  | 1,247 |  |  | 57 |  |  |  |  | (3) |  |  | 7,533 |
Energy revenue(b) | 529 |  |  | 322 |  |  | 318 |  |  |  |  | — |  |  | 1,169 |
Capacity revenue(b) | — |  |  | 664 |  |  | 36 |  |  |  |  | — |  |  | 700 |
Mark-to-market for economic hedging activities(c) | 47 |  |  | (29) |  |  | 16 |  |  |  |  | (1) |  |  | 33 |
Other revenue(b) | 261 |  |  | 58 |  |  | 70 |  |  |  |  | (3) |  |  | 386 |
Total operating revenue | 7,069 |  |  | 2,262 |  |  | 497 |  |  |  |  | (7) |  |  | 9,821 |
Less: Lease revenue | — |  |  | 1 |  |  | 19 |  |  |  |  | — |  |  | 20 |
Less: Realized and unrealized ASC 815 revenue | 1,562 |  |  | 183 |  |  | 67 |  |  |  |  | (2) |  |  | 1,810 |
Total revenue from contracts with customers | $ | 5,507 |  |  | $ | 2,078 |  |  | $ | 411 |  |  |  |  | $ | (5) |  |  | $ | 7,991 |
(a) Home includes Services
(b) The following amounts of energy, capacity and other revenue relate to derivative instruments and are accounted for under ASC 815:
(In millions) | Texas |  | East |  | West/Services/Other |  |  |  | Corporate/Eliminations |  | Total
Energy revenue | $ | 1,459 |  |  | $ | 98 |  |  | $ | 39 |  |  |  |  | $ | (1) |  |  | $ | 1,595 |
Capacity revenue | — |  |  | 109 |  |  | — |  |  |  |  | — |  |  | 109 |
Other revenue | 56 |  |  | 5 |  |  | 12 |  |  |  |  | — |  |  | 73 |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
Contract Assets and Liabilities | The following table reflects the contract assets and liabilities included in the Company's balance sheet as of December 31, 2021 and 2020:
(In millions) |  | December 31, 2021 |  | December 31, 2020
Deferred customer acquisition costs |  | $ | 133 |  |  | $ | 113 |
Accounts receivable, net - Contracts with customers |  | 3,057 |  |  | 866 |
Accounts receivable, net - Derivative instruments |  | 182 |  |  | 33 |
Accounts receivable, net - Affiliate |  | 6 |  |  | 5 |
Total accounts receivable, net |  | $ | 3,245 |  |  | $ | 904 |
Unbilled revenues (included within Accounts receivable, net - Contracts with customers) |  | $ | 1,574 |  |  | $ | 393 |
Deferred revenues (a) |  | $ | 227 |  |  | $ | 60 |
(a) Deferred revenues from contracts with customers for the years ended December 31, 2021 and 2020 were approximately $224 million and $31 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=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration