Fair Value Measurements (Details) $ in Millions | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | $ 724 | | $ 724 | | $ 692 |
Assets | | | | | | |
Derivative assets | | 39 | | 39 | | 80 |
Assets, Fair Value Disclosure | | 815 | | 815 | | 1,199 |
Total derivative assets, netting adjustment | [1] | (50) | | (50) | | (64) |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (71) | | (71) | | (83) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | (628) | $ (712) | (622) | $ (704) | |
Total gains (losses) | | 1 | (38) | 4 | (38) | |
Total settlements | | (1) | (1) | (36) | (5) | |
Transfers into Level 3 | | 0 | 7 | (2) | 9 | |
Transfers out of Level 3 (1) | [2] | 650 | (6) | 678 | (12) | |
Ending balance (2) | [3] | 22 | (750) | 22 | (750) | |
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: | | 11 | (36) | 9 | (42) | |
Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [4] | 7,758 | | 7,758 | | 8,679 |
Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [4] | 7,888 | | 7,888 | | 9,220 |
Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative fair value offsets, net | | 21 | | 21 | | 19 |
Fair Value, Inputs, Level 1 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 0 | | 0 | | 0 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 704 | | 704 | | 1,045 |
Fair Value, Inputs, Level 2 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 790 | | 790 | | 96 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 134 | | 134 | | 161 |
Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 5 | | 5 | | 679 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 27 | | $ 27 | | 57 |
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Minimum [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair value inputs (price per MMBtu) | | | | 1.28 | | |
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Maximum [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair value inputs (price per MMBtu) | | | | 6.88 | | |
Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 630 | | $ 630 | | 963 |
Investments, including money market funds (2) | [5] | 70 | | 70 | | 68 |
Hedged portion of natural gas inventory | | 1 | | 1 | | 14 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative assets | | 3 | | 3 | | 0 |
Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[6] | (50) | | (50) | | (64) |
Derivative assets | [6] | 111 | | 111 | | 154 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[6] | (71) | | (71) | | (83) |
Derivative liabilities | [6] | 39 | | 39 | | 24 |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1] | 0 | | 0 | | 0 |
Derivative liabilities | | 685 | | 685 | | 668 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 630 | | 630 | | 963 |
Investments, including money market funds (2) | [5] | 70 | | 70 | | 68 |
Hedged portion of natural gas inventory | | 1 | | 1 | | 14 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | 3 | | 3 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [6] | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 134 | | 134 | | 161 |
Liabilities | | | | | | |
Derivative liability | [6] | 105 | | 105 | | 96 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 685 | | 685 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 27 | | 27 | | 57 |
Liabilities | | | | | | |
Derivative liability | [6] | 5 | | 5 | | 11 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 668 |
CERC Corp [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 39 | | 39 | | 24 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 125 | | 125 | | 182 |
Total derivative assets, netting adjustment | [1] | (50) | | (50) | | (64) |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (71) | | (71) | | (83) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | 13 | 28 | 46 | 13 | |
Total gains (losses) | | 1 | (2) | 4 | 21 | |
Total settlements | | (1) | (1) | (36) | (5) | |
Transfers into Level 3 | | 0 | 7 | (2) | 9 | |
Transfers out of Level 3 (1) | [2] | 9 | (6) | 10 | (12) | |
Ending balance (2) | [3] | 22 | 26 | 22 | 26 | |
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: | | 11 | $ 0 | 9 | $ 17 | |
CERC Corp [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,257 | | 2,257 | | 2,457 |
CERC Corp [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,367 | | 2,367 | | 2,708 |
CERC Corp [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 0 | | 0 | | 0 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 14 | | 14 | | 28 |
CERC Corp [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 105 | | 105 | | 96 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 134 | | 134 | | 161 |
CERC Corp [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 5 | | 5 | | 11 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 27 | | 27 | | 57 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 3 | | 3 | | 3 |
Investments, including money market funds (2) | [5] | 10 | | 10 | | 11 |
Hedged portion of natural gas inventory | | 1 | | 1 | | 14 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[6] | (50) | | (50) | | (64) |
Derivative assets | [6] | 111 | | 111 | | 154 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[6] | (71) | | (71) | | (83) |
Derivative liabilities | [6] | 39 | | 39 | | 24 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 3 | | 3 | | 3 |
Investments, including money market funds (2) | [5] | 10 | | 10 | | 11 |
Hedged portion of natural gas inventory | | 1 | | 1 | | 14 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [6] | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 134 | | 134 | | 161 |
Liabilities | | | | | | |
Derivative liability | [6] | 105 | | 105 | | 96 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [6] | 27 | | 27 | | 57 |
Liabilities | | | | | | |
Derivative liability | [6] | 5 | | 5 | | 11 |
Houston Electric [Member] | | | | | | |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 55 | | 55 | | 51 |
Total derivative assets, netting adjustment | | 0 | | 0 | | 0 |
Houston Electric [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [4] | 4,782 | | 4,782 | | 4,753 |
Houston Electric [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [4] | 4,813 | | 4,813 | | 5,034 |
Houston Electric [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 55 | | 55 | | 51 |
Houston Electric [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [5] | 52 | | 52 | | 51 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative assets | | 3 | | 3 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [5] | 52 | | 52 | | 51 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | 3 | | 3 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [5] | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | | $ 0 | | $ 0 | | $ 0 |
| |
[1] | Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy and CERC to settle positive and negative positions and also include cash collateral of $21 million and $19 million as of September 30, 2018 and December 31, 2017, respectively, posted with the same counterparties. | |
[2] | As of September 30, 2018, CenterPoint Energy transferred its indexed debt securities derivative from Level 3 to Level 2 to reflect changes in the significance of the unobservable inputs used in the valuation. | |
[3] | CenterPoint Energy and CERC did not have significant Level 3 sales or purchases during either of the three or nine months ended September 30, 2018 or 2017. | |
[4] | Includes Securitization Bond debt. | |
[5] | Amounts are included in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets. | |
[6] | Natural gas derivatives include no material amounts related to physical forward transactions with Enable. | |