XML 167 R50.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Divestitures (CenterPoint Energy and CERC) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The pre-tax income (loss) for Energy Systems Group, excluding interest and corporate allocations, included in CenterPoint Energy’s Statements of Consolidated Income is as follows:
| Year Ended December 31,
| 2023 (1) |  | 2022 |  | 2021
| (in millions)
Income (Loss) from Continuing Operations Before Income Taxes | $ | (4) |  |  | $ | 2 |  |  | $ | (3) |
(1)Reflects January 1, 2023 to June 30, 2023 results only due to of the sale of Energy Systems Group. The pre-tax income for the Arkansas and Oklahoma Natural Gas businesses, excluding interest and corporate allocations, included in CenterPoint Energy’s and CERC’s Statements of Consolidated Income is as follows:
| Year Ended December 31, | Year Ended December 31,
|  | 2022 (1) |  | 2021
| (in millions)
Income from Continuing Operations Before Income Taxes |  | $ | 9 |  |  | $ | 78 |
(1)Reflects January 1, 2022 to January 9, 2022 results only due to of the sale of the Arkansas and Oklahoma Natural Gas businesses. A summary of discontinued operations presented in CenterPoint Energy’s Statements of Consolidated Income is as follows:
|  | Year Ended December 31, 2021
|  | (in millions)
Equity in earnings of unconsolidated affiliate, net |  | $ | 1,019 |
Income from discontinued operations before income taxes |  | 1,019 |
Income tax expense |  | 201 |
Net income from discontinued operations |  | $ | 818 |
CenterPoint Energy elected not to separately disclose discontinued operations on its Statements of Consolidated Cash Flows. Except as discussed in Note 2, l ong-lived assets are not depreciated or amortized once they are classified as held for sale. The following table summarizes CenterPoint Energy’s cash flows from discontinued operations and certain supplemental cash flow disclosures as applicable:
|  | Year Ended December 31, 2021
Cash flows from operating activities: |  | (in millions)
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Gain on Enable Merger |  | $ | (681) |
Equity in earnings of unconsolidated affiliate |  | (339) |
Distributions from unconsolidated affiliate |  | 155 |
Cash flows from investing activities: |  |
Transaction costs related to the Enable Merger |  | (49) |
Cash received related to Enable Merger |  | 5 |
Distributions Received from Enable (CenterPoint Energy):
|  | Year Ended December 31, 2021
|  | Per Unit |  | Cash Distribution
|  |  |  | (in millions)
Enable Common Units |  | $ | 0.6610 |  |  | $ | 155 |
Enable Series A Preferred Units |  | 2.2965 |  |  | 34 |
Total |  |  |  | $ | 189 |
Transactions with Enable (CenterPoint Energy and CERC): The transactions with Enable through December 2, 2021 in the following tables exclude transactions with the Energy Services Disposal Group.
|  | Year Ended December 31, 2021
|  | (in millions)
Natural gas expenses, including transportation and storage costs (1) |  | $ | 85 |
(1)Included in Utility natural gas, fuel and purchased power on CenterPoint Energy’s Statements of Consolidated Income and in Utility natural gas on CERC’s Statements of Consolidated Income. Summarized Financial Information for Enable (CenterPoint Energy) Summarized consolidated income (loss) information for Enable is as follows:
|  | Year Ended December 31, 2021 (1)
| (in millions)
Operating revenues |  | $ | 3,466 |
Cost of sales, excluding depreciation and amortization |  | 1,959 |
Depreciation and amortization |  | 382 |
Operating income |  | 634 |
Net income attributable to Enable Common Units |  | 461 |
Reconciliation of Equity in Earnings (Losses), net before income taxes: |  |
CenterPoint Energy’s interest |  | $ | 248 |
Basis difference amortization (2) |  | 92 |
Loss on dilution, net of proportional basis difference recognition |  | (1) |
Gain on Enable Merger |  | 680 |
CenterPoint Energy’s equity in earnings (losses), net before income taxes (3) |  | $ | 1,019 |
(1)Reflects January 1, 2021 to December 2, 2021 results only due to the closing of the Enable Merger. (2)Equity in earnings of unconsolidated affiliate includes CenterPoint Energy’s share of Enable earnings adjusted for the amortization of the basis difference of CenterPoint Energy’s original investment in Enable and its underlying equity in net assets of Enable. The basis difference was being amortized through the year 2048 and ceased upon closing of the Enable Merger. (3)Reported as discontinued operations on CenterPoint Energy’s Statements of Consolidated Income.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration