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Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity Equity
Dividends Declared and Paid (CenterPoint Energy)

CenterPoint Energy declared and paid dividends on its Common Stock as follows during the periods indicated below:

Dividends Declared Per Share
Dividends Paid Per Share
Three Months Ended March 31,Three Months Ended March 31,
2024
2023
2024
2023
Common Stock$— $— $0.200 $0.190 
Series A Preferred Stock (1)
— — — 30.625 

(1)All of the outstanding shares of Series A Preferred Stock were redeemed during September 2023 as further described below.

Equity Distribution Agreement (CenterPoint Energy)

On January 10, 2024, CenterPoint Energy entered into an Equity Distribution Agreement with certain financial institutions with respect to the offering and sale from time to time of shares of Common Stock, having an aggregate gross sales price of up to $500 million. Sales of Common Stock may be made by any method permitted by applicable law and deemed to be an “at the market offering” as defined in Rule 415 of the Securities Act of 1933, as amended. CenterPoint Energy may also enter into one or more forward sales agreements pursuant to master forward confirmations. The offer and sale of Common Stock under the Equity Distribution Agreement will terminate upon the earliest of (1) the sale of all Common Stock subject to the Equity Distribution Agreement, (2) termination of the Equity Distribution Agreement, or (3) May 17, 2026. During the quarter ended March 31, 2024, CenterPoint Energy issued 133,405 shares of Common Stock through the ATM Managers under the Equity Distribution Agreement, representing aggregate cash proceeds of $3 million, which is net of compensation paid by CenterPoint Energy to the ATM Managers of less than $1 million. As of March 31, 2024, CenterPoint Energy had not entered into any forward sale agreements under the program. Additionally, as of March 31, 2024, CenterPoint Energy had $496 million of capacity available under the program. For information regarding issuances under the program subsequent to March 31, 2024, see Note 20.

Income Allocated to Series A Preferred Shareholders (CenterPoint Energy)
Three Months Ended March 31,
20242023
(in millions)
Series A Preferred Stock (1)
$— $12 
Total income allocated to preferred shareholders$— $12 
(1)All of the outstanding shares of Series A Preferred Stock were redeemed during September 2023 as further described below.

Series A Preferred Stock Redemption (CenterPoint Energy)
On September 1, 2023, CenterPoint Energy redeemed 800,000 shares of CenterPoint Energy’s Series A Preferred Stock, in whole for cash at a redemption price of $1,000 per share, plus any accumulated and unpaid dividends thereon to, but excluding, the redemption date.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated comprehensive income (loss) are as follows:
Three Months Ended March 31,
20242023
CenterPoint EnergyCERCCenterPoint EnergyCERC
(in millions)
Beginning Balance$(35)$16 $(31)$16 
Other comprehensive income (loss) before reclassifications:
Remeasurement of pension and other postretirement plans(2)— — — 
Net deferred gain from cash flow hedges3 — — — 
Prior service cost (1)— — (1)(1)
Actuarial losses (1)1 (1)— — 
Other comprehensive income (loss)
2 (1)(1)(1)
Ending Balance$(33)$15 $(32)$15 
(1)Amounts are included in the computation of net periodic cost and are reflected in Other income, net in each of the Registrants’ respective Condensed Statements of Consolidated Income.