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Reportable Segments
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Registrants’ determination of reportable segments considers the strategic operating units under which its CODM manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. Each Registrant’s CODM views net income as the measure of profit or loss for the reportable segments.

As of June 30, 2024, reportable segments by Registrant were as follows:

CenterPoint Energy

CenterPoint Energy’s Electric reportable segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.

CenterPoint Energy’s Natural Gas reportable segment consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.

CenterPoint Energy’s Corporate and Other category consists of energy performance contracting and sustainable infrastructure services through Energy Systems Group through June 30, 2023, the date of the sale of Energy Systems Group, and corporate operations which support all of the business operations of CenterPoint Energy. CenterPoint Energy’s Corporate and Other also includes office buildings and other real estate used for business operations.

Houston Electric

Houston Electric’s single reportable segment consists of electric transmission services to transmission service customers in the ERCOT region and distribution services to REPs serving the Texas gulf coast area that includes the city of Houston.

CERC

CERC’s single reportable segment following the Restructuring consisted of (i) intrastate natural gas sales to, and natural gas transportation and distribution for, residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.

Financial data for reportable segments is as follows:

CenterPoint Energy

Three Months Ended June 30,
20242023
Revenues from
External
Customers
Net Income (Loss)Revenues from
External
Customers
Net Income (Loss)
(in millions)
Electric$1,207 $215 $1,037 $180 
Natural Gas 695 47 764 35 
Corporate and Other(34)74 (97)
Consolidated$1,905 $228 $1,875 $118 
Six Months Ended June 30,
20242023
Revenues from
External
Customers
Net Income (Loss)Revenues from
External
Customers
Net Income (Loss)
(in millions)
Electric$2,256 $336 $1,989 $303 
Natural Gas 2,265 330 2,539 269 
Corporate and Other(88)126 (129)
Consolidated$4,525 $578 $4,654 $443 

Total Assets
June 30, 2024December 31, 2023
(in millions)
Electric$22,176 $21,089 
Natural Gas 17,669 17,429 
Corporate and Other, net of eliminations (1)1,131 1,197 
Consolidated$40,976 $39,715 

(1)Total assets included pension and other postemployment-related regulatory assets of $374 million and $385 million as of June 30, 2024 and December 31, 2023, respectively.

Houston Electric

Houston Electric consists of a single reportable segment; therefore, a tabular reportable segment presentation has not been included.



CERC

CERC consists of a single reportable segment; therefore, a tabular reportable segment presentation has not been included.