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CONSOLIDATED BALANCE SHEETS - CERC - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 24 $ 90
Accounts receivable, less allowance for credit losses 717 710
Accrued unbilled revenue, less allowance for credit losses 521 516
Materials and supplies 541 573
Natural gas inventory 173 197
Taxes receivable 121 94
Current assets held for sale 1,361 0
Total Current Regulatory Assets 239 161
Prepaid expense and other current assets 123 145
Total current assets 4,381 3,027
Property, Plant and Equipment, Net:    
Property, plant and equipment 42,667 40,396
Less: accumulated depreciation and amortization 10,578 10,543
Property, plant and equipment, net 32,089 29,853
Other Assets:    
Goodwill 3,943 4,160
Regulatory assets 3,108 2,513
Other non-current assets 247 162
Total other assets 7,298 6,835
Total Assets 43,768 39,715
Current Liabilities:    
Short-term borrowings 500 4
Current portion of long-term debt 51 872
Accounts payable 1,320 917
Taxes accrued 329 291
Interest accrued 274 236
Customer deposits 93 111
Current liabilities held for sale 176 0
Other current liabilities 525 519
Total current liabilities 4,045 3,864
Other Liabilities:    
Deferred income taxes, net 4,389 4,079
Benefit obligations 550 572
Regulatory liabilities 2,999 3,208
Other non-current liabilities 722 766
Total other liabilities 8,660 8,625
Total long-term debt, net 20,397 17,559
Commitments and Contingencies (Note 14) 
Shareholders’ Equity:    
Common stock 6 6
Additional paid-in capital 9,105 8,604
Retained earnings 1,572 1,092
Accumulated other comprehensive loss (17) (35)
Total shareholders’ equity 10,666 9,667
Total Liabilities and Shareholders’ Equity 43,768 39,715
CERC    
Current Assets:    
Cash and cash equivalents 2 1
Accounts receivable, less allowance for credit losses 349 356
Accrued unbilled revenue, less allowance for credit losses 338 329
Materials and supplies 105 107
Natural gas inventory 137 156
Taxes receivable 46 101
Current assets held for sale 1,266 0
Total Current Regulatory Assets 238 161
Prepaid expense and other current assets 50 55
Total current assets 2,537 1,309
Property, Plant and Equipment, Net:    
Property, plant and equipment 15,552 15,672
Less: accumulated depreciation and amortization 4,146 4,169
Property, plant and equipment, net 11,406 11,503
Other Assets:    
Goodwill 1,461 1,583
Regulatory assets 903 850
Other non-current assets 118 51
Total other assets 2,482 2,484
Total Assets 16,425 15,296
Current Liabilities:    
Short-term borrowings 0 4
Current portion of long-term debt 10 0
Taxes accrued 150 145
Interest accrued 82 70
Customer deposits 81 95
Current liabilities held for sale 176 0
Other current liabilities 255 282
Total current liabilities 1,260 1,087
Other Liabilities:    
Deferred income taxes, net 1,370 1,246
Benefit obligations 63 74
Regulatory liabilities 1,887 1,882
Other non-current liabilities 403 458
Total other liabilities 3,723 3,660
Total long-term debt, net 5,174 4,670
Commitments and Contingencies (Note 14) 
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 4,519 4,229
Retained earnings 1,732 1,634
Accumulated other comprehensive loss 17 16
Total shareholders’ equity 6,268 5,879
Total Liabilities and Shareholders’ Equity 16,425 15,296
CERC | Affiliated Entity    
Current Assets:    
Accounts and notes receivable — affiliated companies 6 43
Current Liabilities:    
Accounts payable–affiliated companies 101 99
CERC | Nonrelated Party    
Current Liabilities:    
Accounts payable $ 405 $ 392