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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables disaggregate revenues by reportable segment and major source:

CenterPoint Energy

						Year Ended December 31, 2023
						Electric						Natural Gas						Corporate and Other						Total
						(in millions)
Revenue from contracts with customers						$	4,275					$	4,210					$	127					$	8,612
Other (1)						15						69						3						87
Eliminations						—						(3)						—						(3)
Total revenues						$	4,290					$	4,276					$	130					$	8,696

						Year Ended December 31, 2022
						Electric						Natural Gas						Corporate and Other						Total
						(in millions)
Revenue from contracts with customers						$	4,095					$	4,969					$	263					$	9,327
Other (1)						13						(23)						4						(6)
Total revenues						$	4,108					$	4,946					$	267					$	9,321
						Year Ended December 31, 2021
						Electric						Natural Gas						Corporate and Other						Total
						(in millions)
Revenue from contracts with customers						$	3,726					$	4,281					$	249					$	8,256
Other (1)						37						55						4						96
Total revenues						$	3,763					$	4,336					$	253					$	8,352

(1)Primarily consists of income from ARPs and leases. Total lease income was $8 million, $7 million and $7 million for each of the years ended December 31, 2023, 2022 and 2021, respectively.

Houston Electric

			Year Ended December 31,
			2023						2022						2021
			(in millions)
Revenue from contracts with customers			$	3,684					$	3,417					$	3,117
Other (1)			(7)						(5)						17
Total revenues			$	3,677					$	3,412					$	3,134

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the years ended December 31, 2023, 2022, and 2021.

CERC

						Year Ended December 31,
						2023						2022						2021
						(in millions)
Revenue from contracts with customers						$	4,083					$	4,816					$	4,148
Other (1)						66						(16)						52
Total revenues						$	4,149					$	4,800					$	4,200

(1)Primarily consists of income from ARPs and leases. Lease income was $4 million, $3 million and $3 million, respectively, for the years ended December 31, 2023, 2022 and 2021.

Contract with Customer, Asset and Liability

The opening and closing balances of accounts receivable, other accrued unbilled revenue, contract assets and contract liabilities from contracts with customers are as follows:

CenterPoint Energy

			Accounts Receivable						Other Accrued Unbilled Revenues						Contract Assets (1)						Contract Liabilities (1)
			(in millions)
Opening balance as of December 31, 2022			$	858					$	764					$	4					$	45
Closing balance as of December 31, 2023			652						516						—						2
Increase (decrease)			$	(206)					$	(248)					$	(4)					$	(43)

(1) Decrease primarily related to the completed sale of Energy Systems Group on June 30, 2023.

The amount of revenue recognized in the year ended December 31, 2023 that was included in the opening contract liability was $2 million.

Houston Electric

			Accounts Receivable						Other Accrued Unbilled Revenues						Contract Liabilities
			(in millions)
Opening balance as of December 31, 2022			$	271					$	142					$	2
Closing balance as of December 31, 2023			275						142						2
Increase			$	4					$	—					$	—

The amount of revenue recognized in the year ended December 31, 2023 that was included in the opening contract liability was $2 million.

CERC

			Accounts Receivable						Other Accrued Unbilled Revenues
			(in millions)
Opening balance as of December 31, 2022			$	478					$	573
Closing balance as of December 31, 2023			330						329
Decrease			$	(148)					$	(244)

Accounts Receivable, Allowance for Credit Loss

The table below summarizes the Registrants’ bad debt expense amounts for 2023, 2022 and 2021, net of regulatory deferrals, including those related to COVID-19:

			Year Ended December 31,
			2023																		2022																		2021
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions)
Bad debt expense			$	18					$	—					$	16					$	20					$	—					$	17					$	12					$	—					$	10
Bad debt expense deferred as regulatory asset			—						—						—						—						—						—						16						8						8

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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