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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2022
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 six months ended June 30, 2022 and 2021:
| Three months ended June 30, 2022
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate/Eliminations |  | Total
Retail revenue: |  |  |  |  |  |  |  |  |
Home(a) | $ | 1,661 |  |  | $ | 453 |  |  | $ | 537 |  |  | $ | (1) |  |  | $ | 2,650 |
Business | 910 |  |  | 2,947 |  |  | 444 |  |  | — |  |  | 4,301 |
Total retail revenue | 2,571 |  |  | 3,400 |  |  | 981 |  |  | (1) |  |  | 6,951 |
Energy revenue(b) | 38 |  |  | 128 |  |  | 131 |  |  | 9 |  |  | 306 |
Capacity revenue(b) | — |  |  | 89 |  |  | 1 |  |  | — |  |  | 90 |
Mark-to-market for economic hedging activities(c) | (1) |  |  | (106) |  |  | (38) |  |  | (3) |  |  | (148) |
Contract amortization | — |  |  | (11) |  |  | (2) |  |  | — |  |  | (13) |
Other revenue(b) | 88 |  |  | 16 |  |  | (3) |  |  | (5) |  |  | 96 |
Total revenue | 2,696 |  |  | 3,516 |  |  | 1,070 |  |  | — |  |  | 7,282 |
Less: Revenues accounted for under topics other than 606 and 815 | — |  |  | (4) |  |  | 8 |  |  | — |  |  | 4 |
Less: Realized and unrealized ASC 815 revenue | (13) |  |  | (123) |  |  | (70) |  |  | 7 |  |  | (199) |
Total revenue from contracts with customers | $ | 2,709 |  |  | $ | 3,643 |  |  | $ | 1,132 |  |  | $ | (7) |  |  | $ | 7,477 |
(a) Home includes Services
(b) 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/Services/Other |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | (19) |  |  | $ | (20) |  |  | $ | 9 |  |  | $ | (30) |
Capacity revenue | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Other revenue | (12) |  |  | (7) |  |  | (12) |  |  | 1 |  |  | (30) |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| Three months ended June 30, 2021
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate/Eliminations |  | Total
Retail revenue: |  |  |  |  |  |  |  |  |
Home(a) | $ | 1,376 |  |  | $ | 416 |  |  | $ | 485 |  |  | $ | (2) |  |  | $ | 2,275 |
Business | 582 |  |  | 1,702 |  |  | 257 |  |  | — |  |  | 2,541 |
Total retail revenue | 1,958 |  |  | 2,118 |  |  | 742 |  |  | (2) |  |  | 4,816 |
Energy revenue(b) | 14 |  |  | 101 |  |  | 55 |  |  | 1 |  |  | 171 |
Capacity revenue(b) | — |  |  | 255 |  |  | 16 |  |  | — |  |  | 271 |
Mark-to-market for economic hedging activities(c) | (3) |  |  | (46) |  |  | (26) |  |  | 5 |  |  | (70) |
Contract amortization | — |  |  | (8) |  |  | (8) |  |  | — |  |  | (16) |
Other revenue(b) | 56 |  |  | 10 |  |  | 7 |  |  | (2) |  |  | 71 |
Total revenue | 2,025 |  |  | 2,430 |  |  | 786 |  |  | 2 |  |  | 5,243 |
Less: Revenues accounted for under topics other than 606 and 815 | — |  |  | (7) |  |  | (7) |  |  | — |  |  | (14) |
Less: Realized and unrealized ASC 815 revenue | (2) |  |  | 18 |  |  | (31) |  |  | 4 |  |  | (11) |
Total revenue from contracts with customers | $ | 2,027 |  |  | $ | 2,419 |  |  | $ | 824 |  |  | $ | (2) |  |  | $ | 5,268 |
(a) Home includes Services
(b) 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/Services/Other |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 24 |  |  | $ | (2) |  |  | $ | (1) |  |  | $ | 21 |
Capacity revenue | — |  |  | 40 |  |  | — |  |  | — |  |  | 40 |
Other revenue | 1 |  |  | — |  |  | (3) |  |  | — |  |  | (2) |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| Six months ended June 30, 2022
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate/Eliminations |  | Total
Retail revenue: |  |  |  |  |  |  |  |  |
Home(a) | $ | 2,950 |  |  | $ | 1,128 |  |  | $ | 1,234 |  |  | $ | (1) |  |  | $ | 5,311 |
Business | 1,573 |  |  | 6,793 |  |  | 844 |  |  | — |  |  | 9,210 |
Total retail revenue | 4,523 |  |  | 7,921 |  |  | 2,078 |  |  | (1) |  |  | 14,521 |
Energy revenue(b) | 53 |  |  | 332 |  |  | 185 |  |  | 14 |  |  | 584 |
Capacity revenue(b) | — |  |  | 204 |  |  | 2 |  |  | — |  |  | 206 |
Mark-to-market for economic hedging activities(c) | (3) |  |  | (236) |  |  | (56) |  |  | 14 |  |  | (281) |
Contract amortization | — |  |  | (20) |  |  | (2) |  |  | — |  |  | (22) |
Other revenue(b) | 146 |  |  | 33 |  |  | 1 |  |  | (10) |  |  | 170 |
Total revenue | 4,719 |  |  | 8,234 |  |  | 2,208 |  |  | 17 |  |  | 15,178 |
Less: Revenues accounted for under topics other than 606 and 815 | — |  |  | (13) |  |  | 19 |  |  | — |  |  | 6 |
Less: Realized and unrealized ASC 815 revenue | (20) |  |  | (189) |  |  | (112) |  |  | 27 |  |  | (294) |
Total revenue from contracts with customers | $ | 4,739 |  |  | $ | 8,436 |  |  | $ | 2,301 |  |  | $ | (10) |  |  | $ | 15,466 |
(a) Home includes Services
(b) 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/Services/Other |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 26 |  |  | $ | (40) |  |  | $ | 13 |  |  | $ | (1) |
Capacity revenue | — |  |  | 22 |  |  | — |  |  | — |  |  | 22 |
Other revenue | (17) |  |  | (1) |  |  | (16) |  |  | — |  |  | (34) |
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815
| Six months ended June 30, 2021
(In millions) | Texas |  | East |  | West/Services/Other |  | Corporate/Eliminations |  | Total
Retail revenue: |  |  |  |  |  |  |  |  |
Home(a) | $ | 2,709 |  |  | $ | 1,000 |  |  | $ | 1,039 |  |  | $ | (2) |  |  | $ | 4,746 |
Business | 1,363 |  |  | 4,331 |  |  | 538 |  |  | — |  |  | 6,232 |
Total retail revenue | 4,072 |  |  | 5,331 |  |  | 1,577 |  |  | (2) |  |  | 10,978 |
Energy revenue(c) | 299 |  |  | 227 |  |  | 125 |  |  | 2 |  |  | 653 |
Capacity revenue(c) | — |  |  | 396 |  |  | 30 |  |  | — |  |  | 426 |
Mark-to-market for economic hedging activities(d) | (4) |  |  | (50) |  |  | (54) |  |  | 6 |  |  | (102) |
Contract amortization | — |  |  | (8) |  |  | (8) |  |  | — |  |  | (16) |
Other revenue(b)(c) | 1,360 |  |  | 29 |  |  | 11 |  |  | (5) |  |  | 1,395 |
Total revenue | 5,727 |  |  | 5,925 |  |  | 1,681 |  |  | 1 |  |  | 13,334 |
Less: Revenues accounted for under topics other than 606 and 815 | — |  |  | (7) |  |  | (5) |  |  | — |  |  | (12) |
Less: Realized and unrealized ASC 815 revenue | 91 |  |  | 117 |  |  | (65) |  |  | 6 |  |  | 149 |
Total revenue from contracts with customers | $ | 5,636 |  |  | $ | 5,815 |  |  | $ | 1,751 |  |  | $ | (5) |  |  | $ | 13,197 |
(a) Home includes Services
(b) Other Revenue in Texas includes ancillary revenues of $1.2 billion driven by high pricing during Winter Storm Uri
(c) 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/Services/Other |  | Corporate/Eliminations |  | Total
Energy revenue | $ | — |  |  | $ | 84 |  |  | $ | (6) |  |  | $ | 1 |  |  | $ | 79 |
Capacity revenue | — |  |  | 77 |  |  | — |  |  | — |  |  | 77 |
Other revenue | 95 |  |  | 6 |  |  | (5) |  |  | (1) |  |  | 95 |
(d) 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 June 30, 2022 and December 31, 2021:
(In millions) | June 30, 2022 |  | December 31, 2021
Deferred customer acquisition costs | $ | 114 |  |  | $ | 133 |
Accounts receivable, net - Contracts with customers | 3,609 |  |  | 3,057 |
Accounts receivable, net - Derivative instruments and leases | 249 |  |  | 182 |
Accounts receivable, net - Affiliate | 4 |  |  | 6 |
Total accounts receivable, net | $ | 3,862 |  |  | $ | 3,245 |
Unbilled revenues (included within Accounts receivable, net - Contracts with customers) | $ | 1,503 |  |  | $ | 1,574 |
Deferred revenues(a) | 191 |  |  | 227 |
(a) Deferred revenues from contracts with customers for the six months ended June 30, 2022 and the year ended December 31, 2021 were approximately $184 million and $224 million, respectively

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