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Revenue Recognition and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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

CenterPoint Energy

			Three Months Ended March 31, 2024
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	1,052					$	1,541					$	1					$	2,594
Other (1)			(3)						29						—						26
Total revenues			$	1,049					$	1,570					$	1					$	2,620

			Three Months Ended March 31, 2023
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	958					$	1,752					$	51					$	2,761
Other (1)			(6)						23						1						18
Total revenues			$	952					$	1,775					$	52					$	2,779

(1)Primarily consists of income from ARPs and leases. Total lease income was $2 million for both the three months ended March 31, 2024 and 2023.

Houston Electric

									Three Months Ended March 31,
															2024						2023
															(in millions)
Revenue from contracts with customers															$	910					$	803
Other (1)															(9)						(11)
Total revenues															$	901					$	792

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2024 and 2023.

CERC

									Three Months Ended March 31,
															2024						2023
															(in millions)
Revenue from contracts with customers															$	1,485					$	1,700
Other (1)															27						17
Total revenues															$	1,512					$	1,717

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three months ended March 31, 2024 and 2023.

Schedule of Contract with Customer, Contract Asset, Contract Liability and Receivable

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

CenterPoint Energy

			Accounts Receivable						Other Accrued Unbilled Revenues						Contract Liabilities
			(in millions)
Opening balance as of December 31, 2023			$	652					$	516					$	2
Closing balance as of March 31, 2024			656						392						3
Decrease			$	4					$	(124)					$	1

The amount of revenue recognized during the three months ended March 31, 2024 that was included in the opening contract liability was $1 million. The difference between the opening and closing balances of the contract liabilities primarily results from the timing difference between CenterPoint Energy’s performance and the customer’s payment.

Houston Electric

			Accounts Receivable						Other Accrued Unbilled Revenues												Contract Liabilities
			(in millions)
Opening balance as of December 31, 2023			$	275					$	142											$	2
Closing balance as of March 31, 2024			250						122												3
Increase (decrease)			$	(25)					$	(20)											$	1

The amount of revenue recognized during the three months ended March 31, 2024 that was included in the opening contract liability was $1 million. The difference between the opening and closing balances of the contract liabilities primarily results from the timing difference between Houston Electric’s performance and the customer’s payment.

CERC

			Accounts Receivable						Other Accrued Unbilled Revenues
			(in millions)
Opening balance as of December 31, 2023			$	330					$	329
Closing balance as of March 31, 2024			355						233
Decrease			$	25					$	(96)

CERC does not have any opening or closing contract asset or contract liability balances.

X

- Definition

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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X

- Definition

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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- References

No definition available.

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