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Revenue Recognition and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2024
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	1,245					$	603					$	1					$	1,849
Other (1)			(2)						8						1						7
Total revenues			$	1,243					$	611					$	2					$	1,856

			Nine Months Ended September 30, 2024
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	3,504					$	2,842					$	3					$	6,349
Other (1)			(5)						34						3						32
Total revenues			$	3,499					$	2,876					$	6					$	6,381

			Three Months Ended September 30, 2023
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	1,274					$	589					$	1					$	1,864
Other (1)			(13)						8						1						(4)
Total revenues			$	1,261					$	597					$	2					$	1,860

			Nine Months Ended September 30, 2023
			Electric						Natural Gas						Corporate  and Other						Total
			(in millions)
Revenue from contracts with customers			$	3,272					$	3,100					$	125					$	6,497
Other (1)			(22)						36						3						17
Total revenues			$	3,250					$	3,136					$	128					$	6,514

(1)Primarily consists of income from ARPs and leases. Total lease income was $1 million and $2 million for the three months ended September 30, 2024 and 2023, respectively, and $5 million and $6 million for the nine months ended September 30, 2024 and 2023, respectively.

Houston Electric

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
			(in millions)
Revenue from contracts with customers			$	1,065					$	1,100					$	3,024					$	2,821
Other (1)			(7)						(17)						(21)						(37)
Total revenues			$	1,058					$	1,083					$	3,003					$	2,784

(1)Primarily consists of income from ARPs and leases. Lease income was not significant for the three and nine months ended September 30, 2024 and 2023.

CERC

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
			(in millions)
Revenue from contracts with customers			$	593					$	575					$	2,760					$	3,012
Other (1)			7						8						31						33
Total revenues			$	600					$	583					$	2,791					$	3,045

(1)Primarily consists of income from ARPs and leases. Lease income was $1 million and $1 million for the three months ended September 30, 2024 and 2023, respectively, and $3 million and $3 million for the nine months ended September 30, 2024 and 2023, respectively.

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

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

CenterPoint Energy

			Accounts Receivable						Accrued Unbilled Revenues						Contract Liabilities
			(in millions)
Opening balance as of December 31, 2023			$	652					$	516					$	2
Closing balance as of September 30, 2024			650						349						5
Increase (decrease)			$	(2)					$	(167)					$	3

The amount of revenue recognized during the nine months ended September 30, 2024 that was included in the opening contract liability was $2 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						Accrued Unbilled Revenues												Contract Liabilities
			(in millions)
Opening balance as of December 31, 2023			$	275					$	142											$	2
Closing balance as of September 30, 2024			421						191												5
Increase			$	146					$	49											$	3

The amount of revenue recognized during the nine months ended September 30, 2024 that was included in the opening contract liability was $2 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						Accrued Unbilled Revenues
			(in millions)
Opening balance as of December 31, 2023			$	330					$	329
Closing balance as of September 30, 2024			183						122
Decrease			$	(147)					$	(207)

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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