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Condensed Consolidated Balance Sheets (Unaudited) - CERC - 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
Natural gas inventory 184 197
Non-trading derivative assets 1 0
Taxes receivable 169 94
Current assets held for sale 1,346 0
Regulatory assets 243 161
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:    
Goodwill 3,943 4,160
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:    
Short-term borrowings 0 4
Current portion of other long-term debt 51 872
Accounts payable 1,684 917
Taxes accrued 265 291
Interest accrued 229 236
Customer deposits 96 111
Non-trading derivative liabilities 5 9
Current liabilities held for sale 220 0
Other current liabilities 461 510
Total current liabilities 3,836 3,864
Other Liabilities:    
Deferred income taxes, net 4,383 4,079
Non-trading derivative liabilities 2 3
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)
Shareholders’ Equity:    
Common stock 6 6
Additional paid-in capital 9,091 8,604
Retained earnings 1,468 1,092
Accumulated other comprehensive income (30) (35)
Total shareholders’ equity 10,535 9,667
Total Liabilities and Shareholders’ Equity 42,893 39,715
CERC    
Current Assets:    
Cash and cash equivalents 1 1
Accrued unbilled revenues 111 329
Materials and supplies 109 107
Natural gas inventory 144 156
Non-trading derivative assets 1 0
Taxes receivable 106 101
Current assets held for sale 1,251 0
Regulatory assets 242 161
Prepaid expenses and other current assets 30 55
Total current assets 2,219 1,309
Property, Plant and Equipment, net:    
Property, plant and equipment 15,295 15,672
Less: accumulated depreciation and amortization 4,110 4,169
Property, plant and equipment, net 11,185 11,503
Other Assets:    
Goodwill 1,461 1,583
Regulatory assets 816 850
Other non-current assets 112 51
Total other assets 2,389 2,484
Total Assets 15,793 15,296
Current Liabilities:    
Short-term borrowings 0 4
Current portion of other long-term debt 10 0
Taxes accrued 120 145
Interest accrued 50 70
Customer deposits 81 95
Non-trading derivative liabilities 4 8
Current liabilities held for sale 220 0
Other current liabilities 231 274
Total current liabilities 1,049 1,087
Other Liabilities:    
Deferred income taxes, net 1,372 1,246
Non-trading derivative liabilities 2 3
Benefit obligations 73 74
Regulatory liabilities 1,808 1,882
Other non-current liabilities 474 455
Total other liabilities 3,729 3,660
Total long-term debt, net 4,772 4,670
Commitments and Contingencies (Note 13)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 4,519 4,229
Retained earnings 1,709 1,634
Accumulated other comprehensive income 15 16
Total shareholders’ equity 6,243 5,879
Total Liabilities and Shareholders’ Equity 15,793 15,296
CERC | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 201 356
Current Liabilities:    
Accounts payable 254 392
CERC | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 23 43
Current Liabilities:    
Accounts payable–affiliated companies $ 79 $ 99