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Equity | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Common Stock |  | $ | 0.200 |  |  | $ | 0.190 |  |  | $ | 0.200 |  |  | $ | 0.190 |  |  | $ | 0.200 |  |  | $ | 0.190 |  |  | $ | 0.400 |  |  | $ | 0.380 |
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 three months ended June 30, 2024, CenterPoint Energy issued 8,657,443 shares of Common Stock through the ATM Managers under the Equity Distribution Agreement, representing aggregate cash proceeds of $244 million, which is net of compensation paid by CenterPoint Energy to the ATM Managers of $2 million. During the six months ended June 30, 2024, CenterPoint Energy issued 8,790,848 shares of Common Stock through the ATM Managers under the Equity Distribution Agreement, representing aggregate cash proceeds of $247 million, which is net of compensation paid by CenterPoint Energy to the ATM Managers of $2 million. As of June 30, 2024, CenterPoint Energy had not entered into any forward sale agreements under the at-the-market program. Additionally, as of June 30, 2024, CenterPoint Energy had $250 million of remaining capacity available under the program. Income Allocated to Series A Preferred Shareholders (CenterPoint Energy)
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in millions)
Series A Preferred Stock (1) | $ | — |  |  | $ | 12 |  |  | $ | — |  |  | $ | 24 |
Total income allocated to preferred shareholders | $ | — |  |  | $ | 12 |  |  | $ | — |  |  | $ | 24 |
(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 June 30,
| 2024 |  | 2023
| CenterPoint Energy |  |  |  | CERC |  | CenterPoint Energy |  |  |  | CERC
| (in millions)
Beginning Balance | $ | (33) |  |  |  |  | $ | 15 |  |  | $ | (32) |  |  |  |  | $ | 15 |
Other comprehensive income before reclassifications: |  |  |  |  |  |  |  |  |  |  |
Net deferred gain from cash flow hedges | 1 |  |  |  |  | — |  |  | — |  |  |  |  | — |
Prior service cost (1) | 2 |  |  |  |  | — |  |  | — |  |  |  |  | — |
Other comprehensive income | 3 |  |  |  |  | — |  |  | — |  |  |  |  | — |
Ending Balance | $ | (30) |  |  |  |  | $ | 15 |  |  | $ | (32) |  |  |  |  | $ | 15 |
| Six Months Ended June 30,
| 2024 |  | 2023
| CenterPoint Energy |  |  |  | CERC |  | CenterPoint Energy |  |  |  | CERC
| (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 hedges | 4 |  |  |  |  | — |  |  | — |  |  |  |  | — |
Prior service cost (1) | 2 |  |  |  |  | — |  |  | (1) |  |  |  |  | (1) |
Actuarial losses (1) | 1 |  |  |  |  | (1) |  |  | — |  |  |  |  | — |
Other comprehensive income (loss) | 5 |  |  |  |  | (1) |  |  | (1) |  |  |  |  | (1) |
Ending Balance | $ | (30) |  |  |  |  | $ | 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.

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