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Equity (CenterPoint Energy) | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Equity (CenterPoint Energy) | Equity (CenterPoint Energy) Dividends Declared and Paid (CenterPoint Energy) CenterPoint Energy’s dividends declared and dividends paid during 2024, 2023 and 2022 are presented below:
| Dividends Declared Per Share |  | Dividends Paid Per Share
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Common Stock | $ | 0.830 |  |  | $ | 0.780 |  |  | $ | 0.720 |  |  | $ | 0.810 |  |  | $ | 0.770 |  |  | $ | 0.700 |
Series A Preferred Stock (1) | $ | — |  |  | $ | 30.625 |  |  | $ | 61.250 |  |  | $ | — |  |  | $ | 61.250 |  |  | $ | 61.250 |
(1)All of the outstanding shares of Series A Preferred Stock were redeemed during 2023 as further described below. Common Stock (CenterPoint Energy) (a) Underwritten Offering On August 9, 2024, CenterPoint Energy issued 9,754,194 shares of Common Stock in an underwritten public offering at a price of $25.36 per share, for net proceeds of $247 million after deducting issuance costs. The proceeds from the offering were used for the repayment of a portion of CenterPoint Energy’s then-outstanding commercial paper. (b) Equity Distribution Agreement On January 10, 2024, CenterPoint Energy entered into an Equity Distribution Agreement with certain financial institutions with respect to the offering and sale from time to time of shares of Common Stock, having an aggregate gross sales price of up to $500 million. Sales of Common Stock may be made by any method permitted by applicable law and deemed to be an “at the market offering” as defined in Rule 415 of the Securities Act of 1933, as amended. CenterPoint Energy may also enter into one or more forward sales agreements pursuant to master forward confirmations. The offer and sale of Common Stock under the Equity Distribution Agreement will terminate upon the earliest of (1) the sale of all Common Stock subject to the Equity Distribution Agreement, (2) termination of the Equity Distribution Agreement or (3) May 17, 2026. During the year ended December 31, 2024, CenterPoint Energy issued 8,790,848 shares of Common Stock through the ATM Managers under the Equity Distribution Agreement, representing aggregate cash proceeds of $247 million, which was net of compensation paid by CenterPoint Energy to the ATM Managers of $2 million. As of December 31, 2024, CenterPoint Energy had not entered into any forward sale agreements under the at-the-market program. Additionally, as of December 31, 2024, CenterPoint Energy had $250 million of remaining capacity available under the program. Series A Preferred Stock (CenterPoint Energy)
| Liquidation Preference Per Share |  | Share Outstanding as of December 31, |  | Outstanding Value as of December 31,
|  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
|  |  | (in millions, except shares and per share amount)
Series A Preferred Stock (1) | $ | 1,000 |  |  | — |  |  | — |  |  | 800,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 790 |
(1)All of the outstanding shares of Series A Preferred Stock were redeemed during 2023 as further described below. Income Allocated to Series A Preferred Shareholders
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in millions)
Series A Preferred Stock | $ | — |  |  | $ | 50 |  |  | $ | 49 |
Prior to the redemption of all outstanding shares of Series A Preferred Stock in September 2023, as further described below, the aggregate liquidation value of the Series A Preferred Stock was $800 million with a per share liquidation value of $1,000. The Series A Preferred Stock was redeemable at CenterPoint Energy’s election on or after September 1, 2023, for cash at a redemption price of $1,000 per share, plus any accumulated and unpaid dividends thereon to, but excluding, the redemption date. Dividends. The Series A Preferred Stock accrued cumulative dividends, calculated as a percentage of the stated amount per share, at a fixed annual rate of 6.125% per annum to be paid in cash if, when and as declared. If declared, dividends were payable semi-annually in arrears on each March 1 and September 1, beginning on March 1, 2019. Cumulative dividends earned during the applicable periods are presented on CenterPoint Energy’s Statements of Consolidated Income as Preferred stock dividend requirement. Redemption of Series A Preferred Stock. On September 1, 2023, CenterPoint Energy redeemed all 800,000 outstanding shares of Series A Preferred Stock, in whole for cash at a redemption price of $1,000. Accumulated Other Comprehensive Income (Loss) (CenterPoint Energy, Houston Electric and CERC) Changes in accumulated other comprehensive income (loss) are as follows for the periods presented:
| Year Ended December 31,
| 2024 |  | 2023
| CenterPoint Energy |  | Houston Electric |  | CERC |  | CenterPoint Energy |  | Houston Electric |  | CERC
| (in millions)
Beginning Balance | $ | (35) |  |  | $ | — |  |  | $ | 16 |  |  | $ | (31) |  |  | $ | — |  |  | $ | 16 |
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |  |  |  |  |
Remeasurement of pension and other postretirement plans | 16 |  |  | (1) |  |  | 2 |  |  | (8) |  |  | — |  |  | — |
Net deferred gain from cash flow hedges | 4 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |
Amounts reclassified from accumulated other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |
Prior service cost (benefit) (1) | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | (2) |
Actuarial losses (gain) (1) | 2 |  |  | — |  |  | (2) |  |  | 1 |  |  | — |  |  | 2 |
Reclassification of deferred gain from cash flow hedges realized in net income | (1) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Tax benefit (expense) | (4) |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |
Other comprehensive income (loss) | 18 |  |  | (1) |  |  | 1 |  |  | (4) |  |  | — |  |  | — |
Ending Balance | $ | (17) |  |  | $ | (1) |  |  | $ | 17 |  |  | $ | (35) |  |  | $ | — |  |  | $ | 16 |
(1)Amounts are included in the computation of net periodic cost and are reflected in Other income (expense), net in each of the Registrants’ respective Statements of Consolidated Income.

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