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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - CERC - 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
Natural gas inventory 88 173
Taxes receivable 81 121
Current assets held for sale 0 1,361
Regulatory assets 168 239
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:    
Goodwill 3,943 3,943
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:    
Current portion of other long-term debt 1,310 51
Accounts payable 1,042 1,320
Taxes accrued 202 329
Interest accrued 235 274
Customer deposits 94 93
Current liabilities held for sale 0 176
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)
Shareholders’ 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
CERC    
Current Assets:    
Cash and cash equivalents 1 2
Accrued unbilled revenues 230 338
Materials and supplies 108 105
Natural gas inventory 57 137
Taxes receivable 0 46
Current assets held for sale 0 1,266
Regulatory assets 155 238
Prepaid expenses and other current assets 34 50
Total current assets 2,317 2,537
Property, Plant and Equipment, Net:    
Property, plant and equipment 15,788 15,552
Less: accumulated depreciation and amortization 4,216 4,146
Property, plant and equipment, net 11,572 11,406
Other Assets:    
Goodwill 1,461 1,461
Regulatory assets 829 903
Other non-current assets 65 118
Total other assets 2,355 2,482
Total Assets 16,244 16,425
Current Liabilities:    
Current portion of other long-term debt 502 10
Taxes accrued 159 150
Interest accrued 47 82
Customer deposits 83 81
Current liabilities held for sale 0 176
Other current liabilities 153 255
Total current liabilities 1,400 1,260
Other Liabilities:    
Deferred income taxes, net 1,429 1,370
Benefit obligations 62 63
Regulatory liabilities 1,904 1,887
Other non-current liabilities 407 403
Total other liabilities 3,802 3,723
Total long-term debt, net 4,566 5,174
Commitments and Contingencies (Note 11)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 4,519 4,519
Retained earnings 1,940 1,732
Accumulated other comprehensive income 17 17
Total shareholders’ equity 6,476 6,268
Total Liabilities and Shareholders’ Equity 16,244 16,425
CERC | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 506 349
Current Liabilities:    
Accounts payable 376 405
CERC | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 1,226 6
Current Liabilities:    
Accounts payable–affiliated companies $ 80 $ 101