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Condensed Consolidated Balance Sheets (Unaudited) - Houston Electric - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 120 $ 74
Accounts receivable, less allowance for credit losses 767 889
Accrued unbilled revenues 340 764
Materials and supplies 672 635
Taxes receivable 67 20
Prepaid expenses and other current assets 134 171
Total current assets 3,022 4,699
Property, Plant and Equipment:    
Property, plant and equipment 39,618 37,728
Less: accumulated depreciation and amortization 10,447 10,585
Property, plant and equipment, net 29,171 27,143
Other Assets:    
Regulatory assets 2,481 2,193
Other non-current assets 167 215
Total other assets 6,808 6,704
Total Assets 39,001 38,546
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 170 156
Accounts payable 763 1,352
Taxes accrued 244 298
Interest accrued 179 159
Other current liabilities 407 452
Total current liabilities 3,893 5,113
Other Liabilities:    
Deferred income taxes, net 4,128 3,986
Benefit obligations 533 547
Regulatory liabilities 3,195 3,245
Other non-current liabilities 829 774
Total other liabilities 8,685 8,552
Long-term Debt:    
VIE Securitization Bonds, net 408 161
Other long-term debt, net 16,430 14,675
Total long-term debt, net 16,838 14,836
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 8,581 8,568
Retained earnings 1,027 709
Total shareholders’ equity 9,585 10,042
Total Liabilities and Shareholders’ Equity 39,001 38,546
Houston Electric    
Current Assets:    
Cash and cash equivalents 113 75
Accrued unbilled revenues 182 142
Materials and supplies 489 471
Taxes receivable 8 0
Prepaid expenses and other current assets 33 41
Total current assets 1,716 1,061
Property, Plant and Equipment:    
Property, plant and equipment 19,056 17,753
Less: accumulated depreciation and amortization 4,425 4,292
Property, plant and equipment, net 14,631 13,461
Other Assets:    
Regulatory assets 775 778
Other non-current assets 37 39
Total other assets 812 817
Total Assets 17,159 15,339
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 159 156
Taxes accrued 152 150
Interest accrued 93 83
Other current liabilities 90 88
Total current liabilities 945 1,645
Other Liabilities:    
Deferred income taxes, net 1,359 1,229
Benefit obligations 38 38
Regulatory liabilities 1,032 1,155
Other non-current liabilities 113 77
Total other liabilities 2,542 2,499
Long-term Debt:    
VIE Securitization Bonds, net 81 161
Other long-term debt, net 7,425 6,036
Total long-term debt, net 7,506 6,197
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 4,745 3,860
Retained earnings 1,421 1,138
Total shareholders’ equity 6,166 4,998
Total Liabilities and Shareholders’ Equity 17,159 15,339
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 482 311
Current Liabilities:    
Accounts payable 359 413
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts receivable, less allowance for credit losses 409 21
Current Liabilities:    
Accounts payable $ 92 $ 755