XML 188 R43.htm IDEA: XBRL DOCUMENT v3.22.4
Reportable Segments
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Reportable Segments
(17) Reportable Segments

The Registrants’ determination of reportable segments considers the strategic operating units under which its CODM manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. Each Registrant’s CODM views net income as the measure of profit or loss for the reportable segments. Certain prior year amounts have been reclassified for assets held for sale, discontinued operations, or the Restructuring as described below. Additionally, in 2022 CenterPoint Energy sold certain assets previously owned by entities within Corporate and Other to businesses within the Electric and Natural Gas reportable segments, and prior year amounts were reclassified.

As of December 31, 2022, reportable segments by Registrant are as follows:

CenterPoint Energy

•CenterPoint Energy’s Electric reportable segment consisted of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.

•CenterPoint Energy’s Natural Gas reportable segment consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.

•CenterPoint Energy’s Corporate and Other reportable segment consists of energy performance contracting and sustainable infrastructure services through Energy Systems Group and other corporate operations which support all of the business operations of CenterPoint Energy.

Houston Electric

•Houston Electric’s single reportable segment consisted of electric transmission services to transmission service customers in the ERCOT region and distribution services to REPs in the Texas gulf coast area.

CERC

•CERC’s single reportable segment following the Restructuring consisted of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.
Expenditures for long-lived assets include property, plant and equipment. Intersegment sales are eliminated in consolidation, except as described in Note 4.

Financial data for reportable segments is as follows, including Discontinued Operations for reconciliation purposes:

CenterPoint Energy
 Revenues
from
External
Customers		Depreciation
and
Amortization		Interest Income (1)Interest ExpenseIncome Tax Expense
(Benefit)		Net Income (Loss)
(in millions)
For the year ended December 31, 2022:    
 
Electric $4,108 $793 $4 $(235)$147 $603 
Natural Gas4,946 466 2 (137)243 492 
Corporate and Other267 29 59 (214)(30)(38)
Eliminations— — (62)62 — — 
Continuing Operations
$9,321 $1,288 $3 $(524)$360 1,057 
Discontinued Operations, net
— 
Consolidated
$1,057 
For the year ended December 31, 2021:     
Electric$3,763 $775 $— $(226)$95 $475 
Natural Gas4,336 527 1 (141)80 403 
Corporate and Other253 14 118 (278)(65)(210)
Eliminations— — (116)116 — — 
Continuing Operations
$8,352 $1,316 $3 $(529)$110 668 
Discontinued Operations, net
818 
Consolidated
$1,486 
For the year ended December 31, 2020:     
Electric$3,470 $684 $3 $(220)$72 $230 
Natural Gas3,631 491 8 (153)125 278 
Corporate and Other317 14 104 (267)(117)(25)
Eliminations— — (111)111 — — 
Continuing Operations
$7,418 $1,189 $4 $(529)$80 483 
Discontinued Operations, net
(1,256)
Consolidated
$(773)
(1) Interest income from Securitization Bonds of less than $1 million, $1 million and $1 million for the years ended December 31, 2022, 2021 and 2020, respectively, is included in Other income, net on CenterPoint Energy’s and Houston Electric’s respective Statements of Consolidated Income.
Total AssetsExpenditures for Long-lived Assets
December 31, December 31,
 2022
 
2021202220212020
(in millions)
Electric$19,024 $16,548 $2,611 $2,008 $1,281 
Natural Gas18,043 16,270 1,697 1,178 1,139 
Corporate and Other, net of eliminations (1)
1,479 2,523 107 42 95 
Continuing Operations
38,546 
 
35,341 4,415 3,228 2,515 
Assets Held for Sale/Discontinued Operations
— 2,338 3 171 21 
Consolidated
$38,546 $37,679 $4,418 $3,399 $2,536 

(1)Total assets included pension and other postemployment-related regulatory assets of $405 million and $427 million as of December 31, 2022 and 2021, respectively.
Assets Held for Sale and Discontinued Operations (CenterPoint Energy and CERC)

For further information regarding CenterPoint Energy’s and CERC’s assets held for sale, discontinued operations and disposals, see Note 4.

Houston Electric

Houston Electric consists of a single reportable segment; therefore, a tabular reportable segment presentation has not been
included.

CERC

CERC consists of a single reportable segment; therefore, a tabular reportable segment presentation has not been included.

Major Customers (CenterPoint Energy and Houston Electric)

Houston Electric’s revenues from major external customers are as follows:

Year Ended December 31,
202220212020
(in millions)
Affiliates of NRG$1,046 $905 $749 
Affiliates of Vistra Energy Corp.489 410 404 

Revenues by Products and Services
 Year Ended December 31,
202220212020
Revenues by Products and Services:
CenterPoint EnergyHouston ElectricCERCCenterPoint EnergyHouston Electric
CERC (1)
CenterPoint EnergyHouston Electric
CERC (1)
 (in millions)
Electric delivery$3,438 $3,412 $— $3,158 $3,134 $— $2,941 $2,911 $— 
Retail electric sales630 — — 559 — — 515 — — 
Wholesale electric sales40 — — 46 — — 14 — — 
Retail gas sales4,759 — 4,613 4,157 — 4,021 3,462 — 3,362 
Gas transportation and processing
12 — 12 12 — 12 15 — 15 
Energy products and services
442 — 175 420 — 167 471 — 154 
Total$9,321 $3,412 $4,800 $8,352 $3,134 $4,200 $7,418 $2,911 $3,531