XML 230 R66.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost
The components of lease cost, included in Operation and maintenance expense on the Registrants’ respective Statements of Consolidated Income, are as follows for the periods presented:

Year Ended December 31,
202420232022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease cost$$$$$$$$$
Short-term lease cost12 11 — 31 30 — 167 166 
Total lease cost (1)
$18 $14 $$37 $33 $$173 $167 $

(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 Statements of Consolidated Income.
Schedule of Lease Income
The components of lease income were as follows for the periods presented:

Year Ended December 31,
202420232022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating lease income$$— $$$$$$$
Variable lease income— — — — — — 
Total lease income$$— $$$$$$$
Schedule of Supplemental Balance Sheet and Weighted-Average
Supplemental balance sheet information related to leases was as follows for the periods presented:
December 31, 2024December 31, 2023
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Assets:
Operating ROU assets (1)$27 $$15 $13 $$
Finance ROU assets (2)430 430 — 526 526 — 
Total leased assets$457 $435 $15 $539 $532 $
Liabilities:
Current operating lease liability (3)$$$$$$
Non-current operating lease liability (4)25 14 10 
Total leased liabilities (5)$28 $$15 $13 $$

(1)Included in Other assets in the Registrants’ respective Consolidated Balance Sheets, net of accumulated amortization.
(2)Included in Property, Plant and Equipment in the Registrants’ respective Consolidated Balance Sheets, net of accumulated amortization.
(3)Included in Current other liabilities in the Registrants’ respective Consolidated Balance Sheets.
(4)Included in Other non-current liabilities in the Registrants’ respective Consolidated Balance Sheets.
(5)Finance lease liabilities were not material as of December 31, 2024 or 2023.

As of December 31, 2024 and 2023, the weighted-average remaining lease term and weighted-average discount rate for the Registrants’ finance and operating leases were as follows:
December 31, 2024December 31, 2023
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
Weighted-average remaining lease term (in years) - operating leases17.72.920.64.73.93.1
Weighted-average discount rate - operating leases4.92 %4.11 %5.03 %4.13 %4.09 %3.60 %
Weighted-average remaining lease term (in years) - finance leases4.54.5— 5.55.5— 
Weighted-average discount rate - finance leases3.60 %3.60 %— 3.60 %3.60 %— 
Schedule of Maturities of Operating Lease Liabilities
As of December 31, 2024, finance lease liabilities were not significant to the Registrants. As of December 31, 2024, maturities of operating lease liabilities were as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
2025$$$
2026
2027
2028— 
2029— 
Thereafter30 — 19 
Total lease payments45 26 
Less: Interest17 — 11 
Present value of lease liabilities$28 $$15 
Schedule of Maturities of Undiscounted Operating Lease Payments As of December 31, 2024, maturities of undiscounted operating lease payments to be received were as follows:
CenterPoint
 Energy
Houston
 Electric
CERC
(in millions)
2025$$$
2026— 
2027— 
2028— 
2029— — 
Thereafter— — 
Total lease payments to be received$32 $$21 
Schedule of Other Information Related To Leases
Other information related to leases is as follows for the periods presented:

Year Ended December 31,
202420232022
CenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERCCenterPoint EnergyHouston
Electric
CERC
(in millions)
Operating cash flows from operating leases included in the measurement of lease liabilities$$$$$$$$$
Financing cash flows from finance leases included in the measurement of lease liabilities— — — — — — 485 485 —