XML 33 R11.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - Houston Electric - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 161 $ 90
Accounts receivable, less allowance for credit losses 675 710
Accrued unbilled revenues 372 516
Materials and supplies 559 573
Taxes receivable 204 94
Prepaid expenses and other current assets 131 145
Total current assets 4,286 3,027
Property, Plant and Equipment, net:    
Property, plant and equipment 39,631 40,396
Less: accumulated depreciation and amortization 10,252 10,543
Property, plant and equipment, net 29,379 29,853
Other Assets:    
Regulatory assets 2,428 2,513
Other non-current assets 163 162
Total other assets 6,534 6,835
Total Assets 40,199 39,715
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 178 178
Accounts payable 753 917
Taxes accrued 193 291
Interest accrued 208 236
Other current liabilities 394 510
Total current liabilities 3,430 3,864
Other Liabilities:    
Deferred income taxes, net 4,295 4,079
Benefit obligations 585 572
Regulatory liabilities 3,046 3,208
Other non-current liabilities 725 763
Total other liabilities 8,654 8,625
Total long-term debt, net 18,117 17,559
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 8,583 8,604
Retained earnings 1,442 1,092
Total shareholders’ equity 9,998 9,667
Total Liabilities and Shareholders’ Equity 40,199 39,715
Houston Electric    
Current Assets:    
Cash and cash equivalents 109 76
Accrued unbilled revenues 122 142
Materials and supplies 410 409
Taxes receivable 5 38
Prepaid expenses and other current assets 32 48
Total current assets 1,529 1,259
Property, Plant and Equipment, net:    
Property, plant and equipment 19,891 19,515
Less: accumulated depreciation and amortization 4,555 4,469
Property, plant and equipment, net 15,336 15,046
Other Assets:    
Regulatory assets 725 752
Other non-current assets 33 29
Total other assets 758 781
Total Assets 17,623 17,086
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 161 161
Taxes accrued 83 155
Interest accrued 115 99
Other current liabilities 86 111
Total current liabilities 881 981
Other Liabilities:    
Deferred income taxes, net 1,397 1,406
Benefit obligations 40 32
Regulatory liabilities 958 1,025
Other non-current liabilities 122 107
Total other liabilities 2,517 2,570
Total long-term debt, net 7,823 7,426
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 4,975 4,745
Retained earnings 1,427 1,364
Total shareholders’ equity 6,402 6,109
Total Liabilities and Shareholders’ Equity 17,623 17,086
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 265 295
Current Liabilities:    
Accounts payable 347 351
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 586 251
Current Liabilities:    
Accounts and notes payable–affiliated companies $ 89 $ 104