XML 154 R34.htm IDEA: XBRL DOCUMENT
v3.25.3

Reportable Segments | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Reportable Segments | Reportable Segments The Registrants’ determination of reportable segments considers the strategic operating units under which the CODM manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. As of September 30, 2025, reportable segments by Registrant and information about each Registrant’s CODM were as follows: CenterPoint Energy •CenterPoint Energy’s Electric reportable segment consists of electric transmission and distribution services in the Texas Gulf Coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region. •CenterPoint Energy’s Natural Gas reportable segment consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, and industrial customers in Indiana, Minnesota, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP. On October 20, 2025, CenterPoint Energy, through CERC Corp., entered into the Ohio Securities Purchase Agreement to sell all of the issued and outstanding equity interests in CEOH. The proposed transaction is expected to close in the fourth quarter of 2026. For further information, see Note 16 to the Interim Condensed Financial Statements. •CenterPoint Energy’s Corporate and Other category consists of corporate support operations that support all of CenterPoint Energy’s business operations. CenterPoint Energy’s Corporate and Other also includes office buildings and other real estate used for business operations. CenterPoint Energy’s CODM, the President and Chief Executive Officer, evaluates performance for all of its reportable segments based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. Houston Electric •Houston Electric’s single reportable segment consists of electric transmission services to transmission service customers in the ERCOT region and distribution services to REPs serving the Texas Gulf Coast area that includes the city of Houston. Houston Electric’s CODM, the President and Chief Executive Officer, evaluates performance for its single reportable segment based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. CERC •CERC’s single reportable segment following the Restructuring and the closing of the sale of the Louisiana and Mississippi natural gas LDC businesses on March 31, 2025 consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for, residential, commercial, and industrial customers in Indiana, Minnesota, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP. On October 20, 2025, CenterPoint Energy, through CERC Corp., entered into the Ohio Securities Purchase Agreement to sell all of the issued and outstanding equity interests in CEOH. The proposed transaction is expected to close in the fourth quarter of 2026. For further information, see Note 16 to the Interim Condensed Financial Statements. CERC’s CODM, the President and Chief Executive Officer, evaluates performance for its single reportable segment based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. Expenditures for long-lived assets include property, plant and equipment. Intersegment sales are eliminated in consolidation, except as described in Note 1. Financial data for reportable segments is as follows: CenterPoint Energy
| Three Months Ended September 30, 2025
| Electric |  | Natural Gas |  | Corporate and Other |  | Total Reportable Segments |  | Eliminations |  | Total
| (in millions)
Revenues from external customers | $ | 1,365 |  |  | $ | 622 |  |  | $ | 1 |  |  | $ | 1,988 |  |  | $ | — |  |  | $ | 1,988 |
Utility natural gas, fuel and purchased power | 72 |  |  | 147 |  |  | — |  |  | 219 |  |  | — |  |  | 219 |
Non-utility cost of revenues, including natural gas | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Operation and maintenance expenses | 520 |  |  | 219 |  |  | 2 |  |  | 741 |  |  | — |  |  | 741 |
Depreciation and amortization | 247 |  |  | 139 |  |  | 6 |  |  | 392 |  |  | — |  |  | 392 |
Taxes other than income taxes | 82 |  |  | 53 |  |  | (2) |  |  | 133 |  |  | — |  |  | 133 |
Interest expense and other finance charges | 116 |  |  | 52 |  |  | 81 |  |  | 249 |  |  | (6) |  |  | 243 |
Income tax expense (benefit) | 56 |  |  | (54) |  |  | (9) |  |  | (7) |  |  | — |  |  | (7) |
Interest income (1) | (1) |  |  | — |  |  | (5) |  |  | (6) |  |  | 6 |  |  | — |
Other expense (income), net (2) | (20) |  |  | (6) |  |  | (1) |  |  | (27) |  |  | — |  |  | (27) |
Net income (loss) | $ | 293 |  |  | $ | 71 |  |  | $ | (71) |  |  | $ | 293 |  |  | $ | — |  |  | $ | 293 |
| Three Months Ended September 30, 2024
| Electric |  | Natural Gas |  | Corporate and Other |  | Total Reportable Segments |  | Eliminations |  | Total
| (in millions)
Revenues from external customers | $ | 1,243 |  |  | $ | 611 |  |  | $ | 2 |  |  | $ | 1,856 |  |  | $ | — |  |  | $ | 1,856 |
Utility natural gas, fuel and purchased power | 58 |  |  | 139 |  |  | — |  |  | 197 |  |  | — |  |  | 197 |
Non-utility cost of revenues, including natural gas | — |  |  | 2 |  |  | (1) |  |  | 1 |  |  | — |  |  | 1 |
Operation and maintenance expenses | 560 |  |  | 214 |  |  | 1 |  |  | 775 |  |  | — |  |  | 775 |
Depreciation and amortization | 201 |  |  | 129 |  |  | 4 |  |  | 334 |  |  | — |  |  | 334 |
Taxes other than income taxes | 73 |  |  | 51 |  |  | 1 |  |  | 125 |  |  | — |  |  | 125 |
Interest expense and other finance charges | 88 |  |  | 40 |  |  | 74 |  |  | 202 |  |  | (7) |  |  | 195 |
Income tax expense (benefit) | 53 |  |  | 9 |  |  | (10) |  |  | 52 |  |  | — |  |  | 52 |
Interest income (1) | (4) |  |  | (1) |  |  | (2) |  |  | (7) |  |  | 7 |  |  | — |
Other expense (income), net (2) | (12) |  |  | (2) |  |  | (2) |  |  | (16) |  |  | — |  |  | (16) |
Net income (loss) | $ | 226 |  |  | $ | 30 |  |  | $ | (63) |  |  | $ | 193 |  |  | $ | — |  |  | $ | 193 |
| Nine Months Ended September 30, 2025
| Electric |  | Natural Gas |  | Corporate and Other |  | Total Reportable Segments |  | Eliminations |  | Total
| (in millions)
Revenues from external customers | $ | 3,622 |  |  | $ | 3,224 |  |  | $ | 6 |  |  | $ | 6,852 |  |  | $ | — |  |  | $ | 6,852 |
Intersegment revenues | — |  |  | 2 |  |  | — |  |  | 2 |  |  | (2) |  |  | — |
Utility natural gas, fuel and purchased power | 211 |  |  | 1,316 |  |  | — |  |  | 1,527 |  |  | (2) |  |  | 1,525 |
Non-utility cost of revenues, including natural gas | — |  |  | 4 |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Operation and maintenance expenses | 1,527 |  |  | 679 |  |  | (3) |  |  | 2,203 |  |  | — |  |  | 2,203 |
Depreciation and amortization | 687 |  |  | 423 |  |  | 15 |  |  | 1,125 |  |  | — |  |  | 1,125 |
Taxes other than income taxes | 240 |  |  | 183 |  |  | 4 |  |  | 427 |  |  | — |  |  | 427 |
Interest expense and other finance charges | 323 |  |  | 154 |  |  | 226 |  |  | 703 |  |  | (27) |  |  | 676 |
Income tax expense (benefit) | 122 |  |  | 62 |  |  | (55) |  |  | 129 |  |  | — |  |  | 129 |
Interest income (1) | (12) |  |  | (10) |  |  | (5) |  |  | (27) |  |  | 27 |  |  | — |
Other expense (income), net (2) | (48) |  |  | 30 |  |  | (7) |  |  | (25) |  |  | — |  |  | (25) |
Net income (loss) | $ | 572 |  |  | $ | 385 |  |  | $ | (169) |  |  | $ | 788 |  |  | $ | — |  |  | $ | 788 |
| Nine Months Ended September 30, 2024 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 3,499 |  |  |  |  | $ | 2,876 |  |  | $ | 6 |  |  |  |  | $ | 6,381 |  |  | $ | — |  |  | $ | 6,381 |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 151 |  |  |  |  | 1,066 |  |  | — |  |  |  |  | 1,217 |  |  | — |  |  | 1,217 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 3 |  |  | (1) |  |  |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 1,532 |  |  |  |  | 637 |  |  | (7) |  |  |  |  | 2,162 |  |  | — |  |  | 2,162 |  |  |  |  |  |  |  |
Depreciation and amortization | 664 |  |  |  |  | 403 |  |  | 16 |  |  |  |  | 1,083 |  |  | — |  |  | 1,083 |  |  |  |  |  |  |  |
Taxes other than income taxes | 228 |  |  |  |  | 177 |  |  | 5 |  |  |  |  | 410 |  |  | — |  |  | 410 |  |  |  |  |  |  |  |
Interest expense and other finance charges | 276 |  |  |  |  | 152 |  |  | 212 |  |  |  |  | 640 |  |  | (24) |  |  | 616 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 131 |  |  |  |  | 88 |  |  | (56) |  |  |  |  | 163 |  |  | — |  |  | 163 |  |  |  |  |  |  |  |
Interest income (1) | (15) |  |  |  |  | (2) |  |  | (7) |  |  |  |  | (24) |  |  | 24 |  |  | — |  |  |  |  |  |  |  |
Other expense (income), net (2) | (30) |  |  |  |  | (8) |  |  | (5) |  |  |  |  | (43) |  |  | — |  |  | (43) |  |  |  |  |  |  |  |
Net income (loss) | $ | 562 |  |  |  |  | $ | 360 |  |  | $ | (151) |  |  |  |  | $ | 771 |  |  | $ | — |  |  | $ | 771 |  |  |  |  |  |  |  |
(1) Interest income from Securitization Bonds of less than $1 million and $1 million for the three months ended September 30, 2025 and 2024, respectively, and less than $1 million and $3 million for the nine months ended September 30, 2025 and 2024, respectively, is included in Other expense (income), net on CenterPoint Energy’s Statements of Consolidated Income. (2) Amount primarily includes AFUDC equity, non-service cost for pension and postretirement benefits, Gain (loss) on equity securities, Gain (loss) on indexed debt securities and Loss on sale.
|  |  |  | Expenditures for Long-lived Assets
|  |  |  |  |  | Nine Months Ended September 30,
|  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  | (in millions)
Electric |  |  |  |  |  |  |  | $ | 2,534 |  |  | $ | 1,643 |
Natural Gas |  |  |  |  |  |  |  | 1,164 |  |  | 1,115 |
Corporate and Other |  |  |  |  |  |  |  | 32 |  |  | 8 |
Consolidated |  |  |  |  |  |  |  | $ | 3,730 |  |  | $ | 2,766 |
| Total Assets
| September 30, 2025 |  | December 31, 2024
| (in millions)
Electric | $ | 26,338 |  |  | $ | 23,936 |
Natural Gas | 17,553 |  |  | 18,583 |
Corporate and Other (1) | 1,158 |  |  | 1,249 |
Consolidated | $ | 45,049 |  |  | $ | 43,768 |
(1)Total assets included pension and other postemployment-related regulatory assets of $365 million and $384 million as of September 30, 2025 and December 31, 2024, respectively. Houston Electric Houston Electric consists of a single reportable segment. For financial data related to income and expenses for the single reportable segment, see Houston Electric’s Statements of Consolidated Income. For financial data related to segment total assets, see Houston Electric’s Consolidated Balance Sheets. Expenditures for long-lived assets were $1.9 billion and $1.4 billion for the nine months ended September 30, 2025 and 2024, respectively. Financial data related to interest income is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions) |  | (in millions)
Interest income (1) | $ | 1 |  |  | $ | 3 |  |  | $ | 10 |  |  | $ | 14 |
(1)Reflected in Other income, net on Houston Electric’s Statements of Consolidated Income. CERC CERC consists of a single reportable segment. For financial data related to income and expenses for the single reportable segment, see CERC’s Statements of Consolidated Income. For financial data related to segment total assets, see CERC’s Consolidated Balance Sheets. Expenditures for long-lived assets were $1.1 billion and $1.1 billion for the nine months ended September 30, 2025 and 2024, respectively. Financial data related to interest income is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions) |  | (in millions)
Interest income (1) | $ | — |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 2 |
(1)Reflected in Other income, net on CERC’s Statements of Consolidated Income.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration