Fair Value Measurements (Details) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($) |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | $ 823 | | $ 823 | | $ 732 |
Assets | | | | | | |
Derivative assets | | 48 | | 48 | | 57 |
Assets, Fair Value Disclosure | | 898 | | 898 | | 747 |
Total derivative assets, netting adjustment | [1] | (103) | | (103) | | (82) |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (139) | | (139) | | (101) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | 13 | $ (662) | 30 | $ (622) | |
Total gains (losses) | | 13 | (11) | 12 | (16) | |
Total settlements | | (2) | 44 | (17) | 11 | |
Transfers into Level 3 | | (2) | 1 | (1) | 1 | |
Transfers out of Level 3 | | (2) | 0 | (4) | (2) | |
Ending balance (1) | [2] | 20 | (628) | 20 | (628) | |
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: | | 9 | (9) | 6 | (23) | |
Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 14,587 | | 14,587 | | 9,140 |
Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 15,438 | | 15,438 | | 9,308 |
Energy Related Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative fair value offsets, net | | 36 | | 36 | | 19 |
Fair Value, Inputs, Level 1 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 9 | | 9 | | 24 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 753 | | 753 | | 609 |
Fair Value, Inputs, Level 2 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 940 | | 940 | | 792 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 215 | | 215 | | 173 |
Fair Value, Inputs, Level 3 [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 13 | | 13 | | 17 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 33 | | $ 33 | | 47 |
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) | | | | 1.62 | | |
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) | | | | 5.64 | | |
Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 690 | | $ 690 | | 542 |
Investments, including money market funds (2) | [4] | 63 | | 63 | | 66 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liabilities | | 8 | | 8 | | 24 |
Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[5],[6] | (103) | | (103) | | (82) |
Derivative assets | [5],[6] | 145 | | 145 | | 138 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[5],[6] | (139) | | (139) | | (101) |
Derivative liabilities | [5],[6] | 51 | | 51 | | 107 |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1] | 0 | | 0 | | 0 |
Derivative liabilities | | 755 | | 755 | | 601 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 690 | | 690 | | 542 |
Investments, including money market funds (2) | [4] | 63 | | 63 | | 66 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 24 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [5],[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) | [4] | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 8 | | 8 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 215 | | 215 | | 173 |
Liabilities | | | | | | |
Derivative liability | [5],[6] | 177 | | 177 | | 191 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 755 | | 755 | | 601 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 33 | | 33 | | 47 |
Liabilities | | | | | | |
Derivative liability | [5],[6] | 13 | | 13 | | 17 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Houston Electric [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 0 | | 0 | | 24 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 47 | | 47 | | 48 |
Total derivative assets, netting adjustment | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | | 0 | | 0 | | 0 |
Houston Electric [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 5,165 | | 5,165 | | 4,717 |
Houston Electric [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 5,583 | | 5,583 | | 4,770 |
Houston Electric [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 | | 24 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 47 | | 47 | | 48 |
Houston Electric [Member] | Fair Value, Inputs, Level 2 [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 | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Inputs, Level 3 [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 | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 47 | | 47 | | 48 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liabilities | | 0 | | 0 | | 24 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 47 | | 47 | | 48 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 24 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Contract [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
CERC Corp [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Financial Liabilities Fair Value Disclosure | | 44 | | 44 | | 107 |
Assets | | | | | | |
Derivative assets | | 48 | | 48 | | 57 |
Assets, Fair Value Disclosure | | 159 | | 159 | | 152 |
Total derivative assets, netting adjustment | [1] | (103) | | (103) | | (82) |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (139) | | (139) | | (101) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | 13 | 12 | 30 | 46 | |
Total gains (losses) | | 13 | 1 | 12 | 3 | |
Total settlements | | (2) | (1) | (17) | (35) | |
Transfers into Level 3 | | (2) | 1 | (1) | 1 | |
Transfers out of Level 3 | | (2) | 0 | (4) | (2) | |
Ending balance (1) | [2] | 20 | 13 | 20 | 13 | |
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: | | 9 | $ 3 | 6 | $ (4) | |
CERC Corp [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,397 | | 2,397 | | 2,371 |
CERC Corp [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,641 | | 2,641 | | 2,488 |
CERC Corp [Member] | Energy Related Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative fair value offsets, net | | 36 | | 36 | | 19 |
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 | | 9 | | 9 | | 0 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 14 | | 14 | | 14 |
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 | | 161 | | 161 | | 191 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 215 | | 215 | | 173 |
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 | | 13 | | 13 | | 17 |
Assets | | | | | | |
Assets, Fair Value Disclosure | | 33 | | $ 33 | | 47 |
CERC Corp [Member] | 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) | | | | 1.62 | | |
CERC Corp [Member] | 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) | | | | 5.64 | | |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 3 | | $ 3 | | 2 |
Investments, including money market funds (2) | [4] | 11 | | 11 | | 11 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[5],[6] | (103) | | (103) | | (82) |
Derivative assets | [5],[6] | 145 | | 145 | | 138 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[5],[6] | (139) | | (139) | | (101) |
Derivative liabilities | [5],[6] | 35 | | 35 | | 107 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 3 | | 3 | | 2 |
Investments, including money market funds (2) | [4] | 11 | | 11 | | 11 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [5],[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) | [4] | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 215 | | 215 | | 173 |
Liabilities | | | | | | |
Derivative liability | [5],[6] | 161 | | 161 | | 191 |
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) | [4] | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Energy Related Derivative [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5],[6] | 33 | | 33 | | 47 |
Liabilities | | | | | | |
Derivative liability | [5],[6] | 13 | | 13 | | 17 |
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 1 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 9 | | 9 | | 0 |
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 1 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 9 | | 9 | | 0 |
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 0 | | 0 | | 0 |
Natural gas inventory [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 0 | | 0 | | 0 |
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 1 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 9 | | 9 | | 0 |
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 1 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 9 | | 9 | | 0 |
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | 0 | | 0 | | 0 |
Natural gas inventory [Member] | CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Fair Value Hedge Liabilities | | $ 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 posted with the same counterparties as follows: June 30, 2019 December 31, 2018 CenterPoint Energy CERC CenterPoint Energy CERC (in millions) Cash collateral posted with the same counterparties $ 36 $ 36 $ 19 $ 19 | |
[2] | CenterPoint Energy and CERC did not have significant Level 3 sales or purchases during the three or six months ended June 30, 2019 or 2018 . | |
[3] | Includes Securitization Bonds debt. | |
[4] | Amounts are included in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets. | |
[5] | Level 1 natural gas derivatives include exchange-traded derivatives cleared by the CME, which deems that financial instruments cleared by the CME are settled daily in connection with posted cash payments. As a result of this exchange rule, CME-related derivatives are considered to have no fair value at the balance sheet date for financial reporting purposes and are presented in Level 1 net of posted cash; however, the derivatives remain outstanding and subject to future commodity price fluctuations until they are settled in accordance with their contractual terms. Derivative transactions cleared on exchanges other than the CME (e.g., the Intercontinental Exchange or ICE) continue to be reported on a gross basis. | |
[6] | Natural gas derivatives include no material amounts related to physical forward transactions with Enable. | |