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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease Cost

The components of lease cost, included in Operation and maintenance expense on the Registrants’ respective Condensed Statements of Consolidated Income, are as follows:

			Three Months Ended September 30,
			2024																		2023
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions)
Operating lease cost			$	2					$	—					$	—					$	1					$	1					$	—
Short-term lease cost			—						—						—						15						14						—
Total lease cost (1)			$	2					$	—					$	—					$	16					$	15					$	—
			Nine Months Ended September 30,
			2024																		2023
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions)
Operating lease cost			$	4					$	2					$	1					$	4					$	2					$	1
Short-term lease cost			8						7						—						28						27						—
Total lease cost (1)			$	12					$	9					$	1					$	32					$	29					$	1

(1) CenterPoint Energy and Houston Electric defer finance lease costs for TEEEF to Regulatory assets for recovery rather than to Depreciation and Amortization in the Condensed Statements of Consolidated Income.

Schedule of Operating Lease Income

The components of lease income were as follows:

			Three Months Ended September 30,
			2024																		2023
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions)
Operating lease income			$	1					$	—					$	1					$	2					$	1					$	1
Variable lease income			—						—						—						—						—						—
Total lease income			$	1					$	—					$	1					$	2					$	1					$	1
			Nine Months Ended September 30,
			2024																		2023
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions)
Operating lease income			$	4					$	—					$	3					$	5					$	1					$	3
Variable lease income			1						—						—						1						—						—
Total lease income			$	5					$	—					$	3					$	6					$	1					$	3

Schedule of Supplemental Balance Sheet Information Related To Leases

Supplemental balance sheet information related to leases was as follows:

			September 30, 2024																		December 31, 2023
			CenterPoint Energy						Houston Electric						CERC						CenterPoint Energy						Houston Electric						CERC
			(in millions, except lease term and discount rate)
Assets:
Operating ROU assets (1)			$	16					$	5					$	4					$	13					$	6					$	4
Finance ROU assets (2)			454						454						—						526						526						—
Total leased assets			$	470					$	459					$	4					$	539					$	532					$	4
Liabilities:
Current operating lease liability (3)			$	3					$	2					$	1					$	3					$	1					$	1
Non-current operating lease liability (4)			13						3						3						10						5						3
Total leased liabilities (5)			$	16					$	5					$	4					$	13					$	6					$	4
Weighted-average remaining lease term (in years) - operating leases			11.9						3.2						3.4						4.7						3.9						3.1
Weighted-average discount rate - operating leases			4.53		%				4.11		%				4.04		%				4.13		%				4.09		%				3.60		%
Weighted-average remaining lease term (in years) - finance leases			4.8						4.8						—						5.5						5.5						—
Weighted-average discount rate - finance leases			3.60		%				3.60		%				—						3.60		%				3.60		%				—

(1)Reported within Other assets in the Registrants’ respective Condensed Consolidated Balance Sheets, net of accumulated amortization.

(2)Reported within Property, Plant and Equipment in the Registrants’ respective Condensed Consolidated Balance Sheets, net of accumulated amortization.

(3)Reported within Current other liabilities in the Registrants’ respective Condensed Consolidated Balance Sheets.

(4)Reported within Other liabilities in the Registrants’ respective Condensed Consolidated Balance Sheets.

(5)Finance lease liabilities were not significant as of September 30, 2024 or December 31, 2023 and are reported within Other long-term debt in the Registrants’ respective Condensed Consolidated Balance Sheets when applicable.

Schedule of Operating Lease Liability Maturity

As of September 30, 2024, finance lease liabilities were not significant to the Registrants. As of September 30, 2024, maturities of operating lease liabilities were as follows:

			CenterPoint  Energy						Houston  Electric						CERC
			(in millions)
Remainder of 2024			$	1					$	1					$	1
2025			4						2						2
2026			4						1						1
2027			2						1						—
2028			1						—						—
Thereafter			11						—						—
Total lease payments			23						5						4
Less: Interest			7						—						—
Present value of lease liabilities			$	16					$	5					$	4

Schedule of Operating Lease Payments to be Received

As of September 30, 2024, maturities of undiscounted operating lease payments to be received are as follows:

			CenterPoint  Energy						Houston  Electric						CERC
			(in millions)
Remainder of 2024			$	—					$	—					$	—
2025			3						1						—
2026			3						—						—
2027			2						—						—
2028			2						—						—
Thereafter			2						—						—
Total lease payments to be received			$	12					$	1					$	—

Schedule of Other Information Related To Leases

Other information related to leases is as follows:

			Nine Months Ended September 30,
			2024																		2023
			CenterPoint  Energy						Houston Electric						CERC						CenterPoint  Energy						Houston Electric						CERC
			(in millions)
Operating cash flows from operating leases included in the measurement of lease liabilities			$	4					$	2					$	1					$	4					$	1					$	1

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
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