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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - HOUSTON ELECTRIC - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,254 $ 24
Accounts receivable, less allowance for credit losses 869 717
Accrued unbilled revenues 403 521
Materials and supplies 520 541
Prepaid expenses and other current assets 113 123
Total current assets 4,136 4,381
Property, Plant and Equipment, Net:    
Property, plant and equipment 43,868 42,667
Less: accumulated depreciation and amortization 10,768 10,578
Property, plant and equipment, net 33,100 32,089
Other Assets:    
Regulatory assets 3,086 3,108
Other non-current assets 221 247
Total other assets 7,250 7,298
Total Assets 44,486 43,768
Current Liabilities:    
Short-term borrowings 500 500
Accounts payable 1,042 1,320
Taxes accrued 202 329
Interest accrued 235 274
Other current liabilities 345 525
Total current liabilities 4,441 4,045
Other Liabilities:    
Deferred income taxes, net 4,477 4,389
Benefit obligations 491 550
Regulatory liabilities 3,001 2,999
Other non-current liabilities 759 722
Total other liabilities 8,728 8,660
Total long-term debt, net 20,362 20,397
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 9,097 9,105
Retained earnings 1,869 1,572
Accumulated other comprehensive income (17) (17)
Total shareholders’ equity 10,955 10,666
Total Liabilities and Shareholders’ Equity 44,486 43,768
Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 29 21
Accounts receivable, less allowance for credit losses 2 2
Prepaid expenses and other current assets 2 2
Other Assets:    
Regulatory assets 309 313
Houston Electric    
Current Assets:    
Cash and cash equivalents 17 14
Accrued unbilled revenues 126 137
Materials and supplies 366 392
Prepaid expenses and other current assets 23 44
Total current assets 983 1,265
Property, Plant and Equipment, Net:    
Property, plant and equipment 22,256 21,750
Less: accumulated depreciation and amortization 4,724 4,628
Property, plant and equipment, net 17,532 17,122
Other Assets:    
Regulatory assets 1,346 1,284
Other non-current assets 37 41
Total other assets 1,383 1,325
Total Assets 19,898 19,712
Current Liabilities:    
Short-term borrowings 500 500
Taxes accrued 96 189
Interest accrued 115 108
Other current liabilities 121 144
Total current liabilities 1,443 1,741
Other Liabilities:    
Deferred income taxes, net 1,519 1,502
Benefit obligations 31 32
Regulatory liabilities 846 861
Other non-current liabilities 87 95
Total other liabilities 2,483 2,490
Total long-term debt, net 8,819 8,322
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 5,589 5,589
Retained earnings 1,565 1,571
Accumulated other comprehensive income (1) (1)
Total shareholders’ equity 7,153 7,159
Total Liabilities and Shareholders’ Equity 19,898 19,712
Houston Electric | Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 14 14
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 290 307
Current Liabilities:    
Accounts payable 518 681
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 161 371
Current Liabilities:    
Accounts and notes payable–affiliated companies $ 93 $ 119