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Revenue Recognition (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021:

			Three months ended September 30, 2022
(In millions)			Texas						East						West/Services/Other						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	2,074					$	546					$	429					$	—					$	3,049
Business			931						3,317						561						—						4,809
Total retail revenue(b)			3,005						3,863						990						—						7,858
Energy revenue(b)			48						212						180						10						450
Capacity revenue(b)			—						38						—						—						38
Mark-to-market for economic hedging activities(c)			4						32						(7)						4						33
Contract amortization			—						(10)						4						—						(6)
Other revenue(b)			92						45						2						(2)						137
Total revenue			3,149						4,180						1,169						12						8,510
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						3						14						(1)						16
Less: Realized and unrealized ASC 815 revenue			15						93						13						14						135
Total revenue from contracts with customers			$	3,134					$	4,084					$	1,142					$	(1)					$	8,359
(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
Retail revenue			$	—					$	90					$	—					$	—					$	90
Energy revenue			—						(39)						27						11						(1)
Capacity revenue			—						7						—						—						7
Other revenue			11						3						(7)						(1)						6
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Three months ended September 30, 2021
(In millions)			Texas						East						West/Services/Other						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	1,776					$	470					$	399					$	1					$	2,646
Business			727						2,228						350						—						3,305
Total retail revenue			2,503						2,698						749						1						5,951
Energy revenue(b)			18						201						113						4						336
Capacity revenue(b)			—						172						17						—						189
Mark-to-market for economic hedging activities(c)			(1)						(3)						(6)						13						3
Contract amortization			—						(7)						4						—						(3)
Other revenue(b)			115						16						6						(4)						133
Total revenue			2,635						3,077						883						14						6,609
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						(7)						6						—						(1)
Less: Realized and unrealized ASC 815 revenue			38						76						(8)						14						120
Total revenue from contracts with customers			$	2,597					$	3,008					$	885					$	—					$	6,490
(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			$	—					$	38					$	2					$	1					$	41
Capacity revenue			—						42						—						—						42
Other revenue			39						(1)						(4)						—						34
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2022
(In millions)			Texas						East						West/Services/Other						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	5,024					$	1,674					$	1,663					$	(1)					$	8,360
Business			2,504						10,110						1,405						—						14,019
Total retail revenue(b)			7,528						11,784						3,068						(1)						22,379
Energy revenue(b)			101						544						365						24						1,034
Capacity revenue(b)			—						242						2						—						244
Mark-to-market for economic hedging activities(c)			1						(204)						(63)						18						(248)
Contract amortization			—						(30)						2						—						(28)
Other revenue(b)			238						78						3						(12)						307
Total revenue			7,868						12,414						3,377						29						23,688
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						(10)						33						(1)						22
Less: Realized and unrealized ASC 815 revenue			(5)						(96)						(99)						41						(159)
Total revenue from contracts with customers			$	7,873					$	12,520					$	3,443					$	(11)					$	23,825
(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
Retail revenue			$	—					$	90					$	—					$	—					$	90
Energy revenue			—						(13)						(13)						24						(2)
Capacity revenue			—						29						—						—						29
Other revenue			(6)						2						(23)						(1)						(28)
(c) Revenue relates entirely to unrealized gains and losses on derivative instruments accounted for under ASC 815

			Nine months ended September 30, 2021
(In millions)			Texas						East						West/Services/Other						Corporate/Eliminations						Total
Retail revenue:
Home(a)			$	4,484					$	1,469					$	1,439					$	(1)					$	7,391
Business			2,091						6,560						887						—						9,538
Total retail revenue			6,575						8,029						2,326						(1)						16,929
Energy revenue(c)			317						428						238						6						989
Capacity revenue(c)			—						568						47						—						615
Mark-to-market for economic hedging activities(d)			(5)						(53)						(60)						19						(99)
Contract amortization			—						(15)						(4)						—						(19)
Other revenue(b)(c)			1,475						45						17						(9)						1,528
Total revenue			8,362						9,002						2,564						15						19,943
Less: Revenues accounted for under topics other than ASC 606 and ASC 815			—						(14)						1						—						(13)
Less: Realized and unrealized ASC 815 revenue			129						193						(73)						20						269
Total revenue from contracts with customers			$	8,233					$	8,823					$	2,636					$	(5)					$	19,687
(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			$	—					$	122					$	(4)					$	2					$	120
Capacity revenue			—						119						—						—						119
Other revenue			134						5						(9)						(1)						129
(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 September 30, 2022 and December 31, 2021:

(In millions)			September 30, 2022						December 31, 2021
Deferred customer acquisition costs			$	117					$	133
Accounts receivable, net - Contracts with customers			3,768						3,057
Accounts receivable, net - Accounted for under topics other than ASC 606			290						182
Accounts receivable, net - Affiliate			3						6
Total accounts receivable, net			$	4,061					$	3,245
Unbilled revenues (included within Accounts receivable, net - Contracts with customers)			$	1,464					$	1,574
Deferred revenues(a)			213						227

(a) Deferred revenues from contracts with customers for the nine months ended September 30, 2022 and the year ended December 31, 2021 were approximately $207 million and $224 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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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