XML 225 R58.htm IDEA: XBRL DOCUMENT v3.24.3
Related Party Transactions (Houston Electric and CERC) (Tables)
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Money Pool Investment and Borrowing
The table below summarizes CenterPoint Energy money pool activity:

September 30, 2024December 31, 2023
Houston ElectricCERC
Houston Electric
CERC
 (in millions, except interest rates)
Money pool investments (borrowings), net (1)
$(71)$— $238 $1 
Weighted average interest rate4.98 %4.98 %5.59 %5.59 %

(1)Included in Accounts and notes payable–affiliated companies on Houston Electric’s Condensed Consolidated Balance Sheets as of September 30, 2024 and Accounts and notes receivable–affiliated companies on Houston Electric’s and CERC’s respective Condensed Consolidated Balance Sheets as of December 31, 2023, as applicable.
Schedule of Related Party Transactions
Amounts charged for these services were as follows and are included primarily in Operation and maintenance expenses on the Condensed Statements of Consolidated Income:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Houston ElectricCERCHouston ElectricCERCHouston ElectricCERCHouston ElectricCERC
(in millions)
Corporate service charges$45 $50 $40 $56 $124 $156 $115 $162 
Net affiliate service charges (billings)(1)1 (1)1 (4)4 (7)7 

The table below presents transactions among Houston Electric, CERC and their parent, Utility Holding:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Houston ElectricCERCHouston ElectricCERCHouston ElectricCERCHouston ElectricCERC
(in millions)
Cash dividends paid to parent$94 $24 $79 $36 $249 $270 $239 $347 
Cash contribution from parent 94 — 235 — 324 290 885 500