Fair Value Measurements (Details) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Dec. 31, 2016USD ($) |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | | | | |
Fair value amount of Level 1 to Level 2 assets transferred | | $ 0 | | | $ 0 | | | | |
Fair value amount of Level 2 to Level 1 assets transferred | | 0 | | | 0 | | | | |
Fair value amount of Level 1 to Level 2 liabilities transferred | | 0 | | | 0 | | | | |
Fair value amount of Level 2 to Level 1 liabilities transferred | | 0 | | | 0 | | | | |
Assets | | | | | | | | | |
Total derivative assets, netting adjustment | | (44,000,000) | [1] | | (44,000,000) | [1] | | $ (35,000,000) | [2] |
Total assets | | 1,312,000,000 | | | 1,312,000,000 | | | 1,103,000,000 | |
Derivative fair value offsets, net | | 13,000,000 | | | 13,000,000 | | | (14,000,000) | |
Liabilities | | | | | | | | | |
Total derivative liabilities, netting adjustment | | (57,000,000) | [1] | | (57,000,000) | [1] | | (21,000,000) | [2] |
Total liabilities | | 803,000,000 | | | 803,000,000 | | | 763,000,000 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | | | | |
Beginning balance | | (712,000,000) | | $ 16,000,000 | (704,000,000) | | $ 12,000,000 | | |
Purchases (1) | [3] | 0 | | 0 | 0 | | 12,000,000 | | |
Total gains (losses) | | (38,000,000) | | 9,000,000 | (38,000,000) | | 13,000,000 | | |
Total settlements | | (1,000,000) | | (8,000,000) | (5,000,000) | | (24,000,000) | | |
Transfers into Level 3 | | 7,000,000 | | 0 | 9,000,000 | | 5,000,000 | | |
Transfers out of Level 3 | | (6,000,000) | | 0 | (12,000,000) | | (1,000,000) | | |
Ending balance (2) | [4] | (750,000,000) | | 17,000,000 | (750,000,000) | | 17,000,000 | | |
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 (3) | [5] | (36,000,000) | | 6,000,000 | (42,000,000) | | 14,000,000 | | |
Gain (loss) on indexed debt securities | | (36,000,000) | | $ (72,000,000) | (59,000,000) | | $ (258,000,000) | | |
Carrying Value [Member] | | | | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | | | | |
Long-term debt | | 8,513,000,000 | | | 8,513,000,000 | | | 8,443,000,000 | |
Fair Value [Member] | | | | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | | | | |
Long-term debt | | 9,005,000,000 | | | $ 9,005,000,000 | | | 8,846,000,000 | |
Atmos Energy Marketing [Member] | | | | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | | | | |
Mark-to-market value of Level 3 derivative assets acquired | | | | | less than $1 million | | | | |
Natural gas derivatives [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Derivative fair value offsets, net | | 13,000,000 | | | $ 13,000,000 | | | (14,000,000) | |
Fair Value, Inputs, Level 1 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Total assets | | 1,195,000,000 | | | 1,195,000,000 | | | 1,044,000,000 | |
Liabilities | | | | | | | | | |
Total liabilities | | 3,000,000 | | | 3,000,000 | | | 4,000,000 | |
Fair Value, Inputs, Level 2 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Total assets | | 128,000,000 | | | 128,000,000 | | | 74,000,000 | |
Liabilities | | | | | | | | | |
Total liabilities | | 74,000,000 | | | 74,000,000 | | | 56,000,000 | |
Fair Value, Inputs, Level 3 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Total assets | | 33,000,000 | | | 33,000,000 | | | 20,000,000 | |
Liabilities | | | | | | | | | |
Total liabilities | | 783,000,000 | | | $ 783,000,000 | | | 724,000,000 | |
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) | | | | | 1.08 | | | | |
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) | | | | | 5.83 | | | | |
Fair Value, Inputs, Level 3 [Member] | Options Held [Member] | Minimum [Member] | | | | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | | | | |
Fair value options volatility rate | | | | | 0.00% | | | | |
Fair Value, Inputs, Level 3 [Member] | Options Held [Member] | Maximum [Member] | | | | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | | | | |
Fair value options volatility rate | | | | | 87.00% | | | | |
Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member] | | | | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | | | | |
Fair value options volatility rate | | | | | 11.40% | | | | |
Fair value projected dividend growth rate | | | | | 7.00% | | | | |
Fair Value, Measurements, Recurring [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Corporate equities | | 1,060,000,000 | | | $ 1,060,000,000 | | | 956,000,000 | |
Investments, including money market funds (2) | [6] | 67,000,000 | | | 67,000,000 | | | 77,000,000 | |
Hedged portion of natural gas inventory | | 65,000,000 | | | 65,000,000 | | | | |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | | | | | | | | | |
Liabilities | | | | | | | | | |
Derivative liabilities, netting adjustment | | 0 | [1] | | 0 | [1] | | 0 | [2] |
Derivative liabilities | | 776,000,000 | | | 776,000,000 | | | 717,000,000 | |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Derivative asset, netting adjustment | [7] | (44,000,000) | [1] | | (44,000,000) | [1] | | (35,000,000) | [2] |
Derivative assets | [7] | 120,000,000 | | | 120,000,000 | | | 70,000,000 | |
Liabilities | | | | | | | | | |
Derivative liabilities, netting adjustment | [7] | (57,000,000) | [1] | | (57,000,000) | [1] | | (21,000,000) | [2] |
Derivative liabilities | [7] | 27,000,000 | | | 27,000,000 | | | 46,000,000 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Corporate equities | | 1,060,000,000 | | | 1,060,000,000 | | | 956,000,000 | |
Investments, including money market funds (2) | [6] | 67,000,000 | | | 67,000,000 | | | 77,000,000 | |
Hedged portion of natural gas inventory | | 65,000,000 | | | 65,000,000 | | | | |
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 1 [Member] | Natural gas derivatives [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Derivative asset | [7] | 3,000,000 | | | 3,000,000 | | | 11,000,000 | |
Liabilities | | | | | | | | | |
Derivative liability | [7] | 3,000,000 | | | 3,000,000 | | | 4,000,000 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Corporate equities | | 0 | | | 0 | | | 0 | |
Investments, including money market funds (2) | [6] | 0 | | | 0 | | | 0 | |
Hedged portion of natural gas inventory | | 0 | | | 0 | | | | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | IDS Derivative [Member] | | | | | | | | | |
Liabilities | | | | | | | | | |
Derivative liability | | 0 | | | 0 | | | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Natural gas derivatives [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Derivative asset | [7] | 128,000,000 | | | 128,000,000 | | | 74,000,000 | |
Liabilities | | | | | | | | | |
Derivative liability | [7] | 74,000,000 | | | 74,000,000 | | | 56,000,000 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Corporate equities | | 0 | | | 0 | | | 0 | |
Investments, including money market funds (2) | [6] | 0 | | | 0 | | | 0 | |
Hedged portion of natural gas inventory | | 0 | | | 0 | | | | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member] | | | | | | | | | |
Liabilities | | | | | | | | | |
Derivative liability | | 776,000,000 | | | 776,000,000 | | | 717,000,000 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Natural gas derivatives [Member] | | | | | | | | | |
Assets | | | | | | | | | |
Derivative asset | [7] | 33,000,000 | | | 33,000,000 | | | 20,000,000 | |
Liabilities | | | | | | | | | |
Derivative liability | [7] | $ 7,000,000 | | | $ 7,000,000 | | | $ 7,000,000 | |
| |
[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 $13 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 $14 million held by CES from the same counterparties. | |
[3] | Mark-to-market value of Level 3 derivative assets acquired through the purchase of AEM was less than $1 million at the acquisition date. | |
[4] | CenterPoint Energy did not have significant Level 3 sales during either of the three or nine months ended September 30, 2017 or 2016. | |
[5] | During 2016, CenterPoint Energy transferred its indexed debt securities from Level 2 to Level 3 to reflect changes in the significance of the unobservable inputs used in the valuation. As of September 30, 2017, the indexed debt securities liability was $776 million. During the three and nine months ended September 30, 2017, there was a loss of $36 million and $59 million, respectively, on the indexed debt securities. | |
[6] | Amounts are included in Prepaid Expenses and Other Current Assets in the Condensed Consolidated Balance Sheets. | |
[7] | Natural gas derivatives include no material amounts related to physical forward transactions with Enable. | |