XML 29 R12.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - Houston Electric - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 114 $ 74
Accounts receivable, less allowance for credit losses 874 889
Accrued unbilled revenues 398 764
Materials and supplies 692 635
Prepaid expenses and other current assets 147 171
Total current assets 3,139 4,699
Property, Plant and Equipment:    
Property, plant and equipment 37,851 37,728
Less: accumulated depreciation and amortization 10,253 10,585
Property, plant and equipment, net 27,598 27,143
Other Assets:    
Regulatory assets 2,499 2,193
Other non-current assets 222 215
Total other assets 7,015 6,704
Total Assets 37,752 38,546
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 156 156
Accounts payable 934 1,352
Taxes accrued 275 298
Interest accrued 152 159
Other current liabilities 344 452
Total current liabilities 3,150 5,113
Other Liabilities:    
Deferred income taxes, net 3,986 3,986
Benefit obligations 550 547
Regulatory liabilities 3,134 3,245
Other non-current liabilities 793 774
Total other liabilities 8,463 8,552
Long-term Debt:    
VIE Securitization Bonds, net 161 161
Other long-term debt, net 15,622 14,675
Total long-term debt, net 15,783 14,836
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 8,558 8,568
Retained earnings 1,034 709
Total shareholders’ equity 10,356 10,042
Total Liabilities and Shareholders’ Equity 37,752 38,546
Houston Electric    
Current Assets:    
Cash and cash equivalents 112 75
Accounts receivable, less allowance for credit losses 278 311
Accounts and notes receivable–affiliated companies 322 21
Accrued unbilled revenues 89 142
Materials and supplies 505 471
Prepaid expenses and other current assets 36 41
Total current assets 1,342 1,061
Property, Plant and Equipment:    
Property, plant and equipment 18,252 17,753
Less: accumulated depreciation and amortization 4,394 4,292
Property, plant and equipment, net 13,858 13,461
Other Assets:    
Regulatory assets 818 778
Other non-current assets 51 39
Total other assets 869 817
Total Assets 16,069 15,339
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 156 156
Accounts payable 426 413
Accounts and notes payable–affiliated companies 44 755
Taxes accrued 81 150
Interest accrued 80 83
Other current liabilities 68 88
Total current liabilities 855 1,645
Other Liabilities:    
Deferred income taxes, net 1,249 1,229
Benefit obligations 38 38
Regulatory liabilities 1,041 1,155
Other non-current liabilities 92 77
Total other liabilities 2,420 2,499
Long-term Debt:    
VIE Securitization Bonds, net 161 161
Other long-term debt, net 6,928 6,036
Total long-term debt, net 7,089 6,197
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 4,510 3,860
Retained earnings 1,195 1,138
Total shareholders’ equity 5,705 4,998
Total Liabilities and Shareholders’ Equity $ 16,069 $ 15,339