Fair Value Measurements (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $0 | | | | | |
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount | 0 | | | | | |
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount | 0 | | | | | |
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount | 0 | | | | | |
Assets | | | | | | |
Natural gas derivatives, netting adjustment | -11,000,000 | [1] | | | -18,000,000 | [2] |
Total assets | 1,064,000,000 | | | | 1,117,000,000 | |
Liabilities | | | | | | |
Natural gas derivatives, netting adjustment | -71,000,000 | [1] | | | -82,000,000 | [2] |
Total liabilities | 528,000,000 | | | | 561,000,000 | |
Cash collateral posted with counterparties | 60,000,000 | | | | 64,000,000 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | 17,000,000 | | 3,000,000 | | | |
Total losses | 0 | | -2,000,000 | | | |
Total settlements | -3,000,000 | | 1,000,000 | | | |
Transfers into Level 3 | 0 | | -1,000,000 | | | |
Transfers out of Level 3 | -1,000,000 | | 0 | | | |
Ending balance (1) | 13,000,000 | [3] | 1,000,000 | [3] | | |
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 | 2,000,000 | | -2,000,000 | | | |
Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Total assets | 950,000,000 | | | | 993,000,000 | |
Liabilities | | | | | | |
Total liabilities | 15,000,000 | | | | 22,000,000 | |
Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Total assets | 110,000,000 | | | | 122,000,000 | |
Liabilities | | | | | | |
Total liabilities | 582,000,000 | | | | 618,000,000 | |
Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Total assets | 15,000,000 | | | | 20,000,000 | |
Liabilities | | | | | | |
Total liabilities | 2,000,000 | | | | 3,000,000 | |
Forward Contracts [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair Value Inputs, Price Per MMBtu | 2.26 | | | | | |
Forward Contracts [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair Value Inputs, Price Per MMBtu | 3.84 | | | | | |
Options Held [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair Value Assumptions, Expected Volatility Rate | 33.00% | | | | | |
Options Held [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair Value Assumptions, Expected Volatility Rate | 60.00% | | | | | |
Estimate of Fair Value Measurement [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Notes Receivable, Fair Value Disclosure | 364,000,000 | | | | 362,000,000 | |
Long-term Debt | 9,275,000,000 | | | | 9,427,000,000 | |
Reported Value Measurement [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Notes Receivable, Fair Value Disclosure | 363,000,000 | | | | 363,000,000 | |
Long-term Debt | 8,418,000,000 | | | | 8,652,000,000 | |
Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | 915,000,000 | | | | 932,000,000 | |
Investments, including money market funds (2) | 32,000,000 | [4] | | | 54,000,000 | [4] |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | 915,000,000 | | | | 932,000,000 | |
Investments, including money market funds (2) | 32,000,000 | [4] | | | 54,000,000 | [4] |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | 0 | | | | 0 | |
Investments, including money market funds (2) | 0 | [4] | | | 0 | [4] |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | 0 | | | | 0 | |
Investments, including money market funds (2) | 0 | [4] | | | 0 | [4] |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Natural gas derivatives, netting adjustment | -11,000,000 | [1] | | | -18,000,000 | [2] |
Derivative Asset | 117,000,000 | | | | 131,000,000 | |
Liabilities | | | | | | |
Natural gas derivatives, netting adjustment | -71,000,000 | [1] | | | -82,000,000 | [2] |
Derivative Liabilities | 11,000,000 | | | | 20,000,000 | |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Natural gas derivatives | 3,000,000 | | | | 7,000,000 | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | 15,000,000 | | | | 22,000,000 | |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Natural gas derivatives | 110,000,000 | | | | 122,000,000 | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | 65,000,000 | | | | 77,000,000 | |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Natural gas derivatives | 15,000,000 | | | | 20,000,000 | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | 2,000,000 | | | | 3,000,000 | |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Natural gas derivatives, netting adjustment | 0 | | | | 0 | |
Derivative Liabilities | 517,000,000 | | | | 541,000,000 | |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | 0 | | | | 0 | |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | 517,000,000 | | | | 541,000,000 | |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Liabilities | | | | | | |
Derivative Liability, Fair Value | $0 | | | | $0 | |
|
[1] | Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of $60 million posted with the same counterparties. |
[2] | Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of $64 million posted with the same counterparties. |
[3] | CenterPoint Energy did not have significant Level 3 purchases or sales during either of the three months ended March 31, 2015 or 2014. |
[4] | Amounts are included in Prepaid Expenses and Other Current Assets in the Condensed Consolidated Balance Sheets. |