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Condensed Consolidated Balance Sheets (Unaudited) - Houston Electric - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 112 $ 90
Accounts receivable, less allowance for credit losses 701 710
Accrued unbilled revenues 338 516
Materials and supplies 549 573
Taxes receivable 169 94
Prepaid expenses and other current assets 96 145
Total current assets 4,270 3,027
Property, Plant and Equipment, net:    
Property, plant and equipment 41,891 40,396
Less: accumulated depreciation and amortization 10,453 10,543
Property, plant and equipment, net 31,438 29,853
Other Assets:    
Regulatory assets 3,007 2,513
Other non-current assets 235 162
Total other assets 7,185 6,835
Total Assets 42,893 39,715
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 94 178
Accounts payable 1,684 917
Taxes accrued 265 291
Interest accrued 229 236
Other current liabilities 461 510
Total current liabilities 3,836 3,864
Other Liabilities:    
Deferred income taxes, net 4,383 4,079
Benefit obligations 591 572
Regulatory liabilities 3,031 3,208
Other non-current liabilities 786 763
Total other liabilities 8,793 8,625
Total long-term debt, net 19,729 17,559
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 9,091 8,604
Retained earnings 1,468 1,092
Total shareholders’ equity 10,535 9,667
Total Liabilities and Shareholders’ Equity 42,893 39,715
Houston Electric    
Current Assets:    
Cash and cash equivalents 97 76
Accrued unbilled revenues 191 142
Materials and supplies 393 409
Taxes receivable 0 38
Prepaid expenses and other current assets 24 48
Total current assets 1,164 1,259
Property, Plant and Equipment, net:    
Property, plant and equipment 21,371 19,515
Less: accumulated depreciation and amortization 4,568 4,469
Property, plant and equipment, net 16,803 15,046
Other Assets:    
Regulatory assets 1,288 752
Other non-current assets 41 29
Total other assets 1,329 781
Total Assets 19,296 17,086
Current Liabilities:    
Current portion of VIE Securitization Bonds long-term debt 81 161
Taxes accrued 153 155
Interest accrued 120 99
Other current liabilities 134 111
Total current liabilities 1,958 981
Other Liabilities:    
Deferred income taxes, net 1,465 1,406
Benefit obligations 40 32
Regulatory liabilities 966 1,025
Other non-current liabilities 92 107
Total other liabilities 2,563 2,570
Total long-term debt, net 8,126 7,426
Commitments and Contingencies (Note 13)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 5,069 4,745
Retained earnings 1,580 1,364
Total shareholders’ equity 6,649 6,109
Total Liabilities and Shareholders’ Equity 19,296 17,086
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 446 295
Current Liabilities:    
Accounts payable 1,314 351
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 13 251
Current Liabilities:    
Accounts and notes payable–affiliated companies $ 156 $ 104