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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The table below summarizes CenterPoint Energy’s outstanding interest rate hedging activity:

						March 31, 2023												December 31, 2022
Hedging Classification						Notional Principal
						(in millions)
Economic hedge (1)						$	84											$	84

(1)Relates to interest rate derivative instruments at SIGECO. On June 13, 2022, SIGECO amended the LIBOR interest rate swaps to adjust the termination date to May 1, 2023.

Schedule of Fair Value of Derivative Instruments

The following tables present information about derivative instruments and hedging activities. The first table provides a balance sheet overview of derivative assets and liabilities, while the last table provides a breakdown of the related income statement impacts.

Fair Value of Derivative Instruments and Hedged Items

CenterPoint Energy

												March 31, 2023												December 31, 2022
						Balance Sheet Location						Derivative Assets Fair Value						Derivative Liabilities Fair Value						Derivative Assets Fair Value						Derivative Liabilities Fair Value
			Derivatives not designated as hedging instruments:									(in millions)
			Natural gas derivatives (1)			Current Assets: Non-trading derivative assets						$	1					$	—					$	9					$	—
			Natural gas derivatives (1)			Other Assets: Non-trading derivative assets						—						—						2						—
			Interest rate derivatives			Current Assets: Non-trading derivative assets						—						—						1						—
			Indexed debt securities derivative (2)			Current Liabilities						—						617						—						578
			Total									$	1					$	617					$	12					$	578

CERC

												March 31, 2023												December 31, 2022
						Balance Sheet Location						Derivative Assets Fair Value						Derivative Liabilities Fair Value						Derivative Assets Fair Value						Derivative Liabilities Fair Value
			Derivatives not designated as hedging instruments:									(in millions)
			Natural gas derivatives (1)			Current Assets: Non-trading derivative assets						$	1					$	—					$	7					$	—
			Natural gas derivatives (1)			Other Assets: Non-trading derivative assets						—						—						2						—
			Total									$	1					$	—					$	9					$	—

(1)Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due. However, the mark-to-market fair value of each natural gas contract is in an asset position with no offsetting amounts.

(2)Derivative component of the ZENS obligation that represents the ZENS holder’s option to receive the appreciated value of the reference shares at maturity. See Note 10 for further information.

Schedule of Income Statement Impact of Derivative Activity

Income Statement Impact of Hedge Accounting Activity (CenterPoint Energy)

																		Three Months Ended March 31,
						Income Statement Location																		2023						2022
Derivatives not designated as hedging instruments:																					(in millions)
Indexed debt securities derivative (1)						Gain (loss) on indexed debt securities																		$	(39)					$	106

(1)The indexed debt securities derivative is recorded at fair value and changes in the fair value are recorded in CenterPoint Energy’s Condensed Statements of Consolidated Income.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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-Name Accounting Standards Codification
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