Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 05, 2021 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-14881 | |
Entity Registrant Name | BERKSHIRE HATHAWAY ENERGY COMPANY | |
Entity Tax Identification Number | 94-2213782 | |
Entity Incorporation, State or Country Code | IA | |
Entity Address, Address Line One | 666 Grand Avenue | |
Entity Address, Address Line Two | Suite 500 | |
Entity Address, City or Town | Des Moines | |
Entity Address, State or Province | IA | |
Entity Address, Postal Zip Code | 50309-2580 | |
City Area Code | 515 | |
Local Phone Number | 242-4300 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 76,368,874 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Entity Central Index Key | 0001081316 | |
Current Fiscal Year End Date | --12-31 | |
PAC | ||
Document Information [Line Items] | ||
Entity File Number | 001-05152 | |
Entity Registrant Name | PACIFICORP | |
Entity Tax Identification Number | 93-0246090 | |
Entity Incorporation, State or Country Code | OR | |
Entity Address, Address Line One | 825 N.E. Multnomah Street | |
Entity Address, City or Town | Portland | |
Entity Address, State or Province | OR | |
Entity Address, Postal Zip Code | 97232 | |
City Area Code | 888 | |
Local Phone Number | 221-7070 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 357,060,915 | |
Entity Central Index Key | 0000075594 | |
MidAmerican Funding, LLC | ||
Document Information [Line Items] | ||
Entity File Number | 333-90553 | |
Entity Registrant Name | MIDAMERICAN FUNDING, LLC | |
Entity Tax Identification Number | 47-0819200 | |
Entity Incorporation, State or Country Code | IA | |
Entity Address, Address Line One | 666 Grand Avenue | |
Entity Address, Address Line Two | Suite 500 | |
Entity Address, City or Town | Des Moines | |
Entity Address, State or Province | IA | |
Entity Address, Postal Zip Code | 50309-2580 | |
City Area Code | 515 | |
Local Phone Number | 242-4300 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Central Index Key | 0001098296 | |
MEC | ||
Document Information [Line Items] | ||
Entity File Number | 333-15387 | |
Entity Registrant Name | MIDAMERICAN ENERGY COMPANY | |
Entity Tax Identification Number | 42-1425214 | |
Entity Incorporation, State or Country Code | IA | |
Entity Address, Address Line One | 666 Grand Avenue | |
Entity Address, Address Line Two | Suite 500 | |
Entity Address, City or Town | Des Moines | |
Entity Address, State or Province | IA | |
Entity Address, Postal Zip Code | 50309-2580 | |
City Area Code | 515 | |
Local Phone Number | 242-4300 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 70,980,203 | |
Entity Central Index Key | 0000928576 | |
NPC | ||
Document Information [Line Items] | ||
Entity File Number | 000-52378 | |
Entity Registrant Name | NEVADA POWER COMPANY | |
Entity Tax Identification Number | 88-0420104 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 6226 West Sahara Avenue | |
Entity Address, City or Town | Las Vegas | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89146 | |
City Area Code | 702 | |
Local Phone Number | 402-5000 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,000 | |
Entity Central Index Key | 0000071180 | |
SPPC | ||
Document Information [Line Items] | ||
Entity File Number | 000-00508 | |
Entity Registrant Name | SIERRA PACIFIC POWER COMPANY | |
Entity Tax Identification Number | 88-0044418 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 6100 Neil Road | |
Entity Address, City or Town | Reno | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89511 | |
City Area Code | 775 | |
Local Phone Number | 834-4011 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,000 | |
Entity Central Index Key | 0000090144 | |
EEGH | ||
Document Information [Line Items] | ||
Entity File Number | 001-37591 | |
Entity Registrant Name | EASTERN ENERGY GAS HOLDINGS, LLC | |
Entity Tax Identification Number | 46-3639580 | |
Entity Incorporation, State or Country Code | VA | |
Entity Address, Address Line One | 6603 West Broad Street | |
Entity Address, City or Town | Richmond | |
Entity Address, State or Province | VA | |
Entity Address, Postal Zip Code | 23230 | |
City Area Code | 804 | |
Local Phone Number | 613-5100 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Central Index Key | 0001603291 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Restricted cash and cash equivalents | 154 | 140 |
Trade receivables, net | 2,479 | 2,107 |
Inventories | 1,113 | 1,168 |
Mortgage loans held for sale | 2,082 | 2,001 |
Amounts held in trust | 587 | 318 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Property, plant and equipment, net | 87,622 | 86,128 |
Goodwill | 11,570 | 11,506 |
Regulatory assets | 3,344 | 3,157 |
Investments and restricted cash and cash equivalents and investments | 14,960 | 14,320 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Accrued employee expenses | 457 | 383 |
Short-term debt | 2,536 | 2,286 |
Current portion of long-term debt | 918 | 1,839 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
BHE senior debt | 13,000 | 12,997 |
BHE junior subordinated debentures | 100 | 100 |
Subsidiary debt | 34,855 | 34,930 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
BHE shareholders' equity: | ||
Preferred stock | 3,750 | 3,750 |
Common stock | 0 | 0 |
Additional paid-in capital | 6,377 | 6,377 |
Long-term income tax receivable | (658) | (658) |
Retained earnings | 37,303 | 35,093 |
Accumulated other comprehensive loss, net | (1,360) | (1,552) |
Total shareholder's equity, parent | 45,412 | 43,010 |
Noncontrolling interests | 3,953 | 3,967 |
Total equity | 49,365 | 46,977 |
Total liabilities and equity | $ 130,561 | $ 127,316 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares issued | 4,000,000 | 4,000,000 |
Preferred stock, shares outstanding | 4,000,000 | 4,000,000 |
Common stock, shares authorized | 115,000,000 | 115,000,000 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued | 76,000,000 | 76,000,000 |
Common stock, shares outstanding | 76,000,000 | 76,000,000 |
PAC | ||
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued | 357,000,000 | 357,000,000 |
Common stock, shares outstanding | 357,000,000 | 357,000,000 |
MEC | ||
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued | 71,000,000 | 71,000,000 |
Common stock, shares outstanding | 71,000,000 | 71,000,000 |
NPC | ||
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares issued | 1,000 | 1,000 |
Common stock, shares outstanding | 1,000 | 1,000 |
SPPC | ||
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, par value (in dollars per share) | $ 3.75 | $ 3.75 |
Common stock, shares issued | 1,000 | 1,000 |
Common stock, shares outstanding | 1,000 | 1,000 |
Consolidated Balance Sheets (_3
Consolidated Balance Sheets (Unaudited) - PAC - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Regulatory assets | 3,344 | 3,157 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Accrued employee expenses | 457 | 383 |
Short-term debt | 2,536 | 2,286 |
Current portion of long-term debt | 918 | 1,839 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Equity: | ||
Preferred stock | 3,750 | 3,750 |
Common stock | 0 | 0 |
Additional paid-in capital | 6,377 | 6,377 |
Retained earnings | 37,303 | 35,093 |
Accumulated other comprehensive loss, net | (1,360) | (1,552) |
Total shareholder's equity, parent | 45,412 | 43,010 |
Total liabilities and equity | 130,561 | 127,316 |
PAC | ||
Current assets: | ||
Cash and cash equivalents | 44 | 13 |
Trade receivables, net | 714 | 703 |
Other receivables | 62 | 48 |
Inventories | 474 | 482 |
Derivative contracts | 99 | 27 |
Regulatory assets | 86 | 116 |
Prepaid expenses | 66 | 79 |
Other current assets | 18 | 55 |
Total current assets | 1,563 | 1,523 |
Property, plant and equipment, net | 22,675 | 22,430 |
Regulatory assets | 1,339 | 1,279 |
Other assets | 506 | 470 |
Total assets | 26,083 | 25,702 |
Current liabilities: | ||
Accounts payable | 667 | 772 |
Accrued interest | 125 | 127 |
Accrued property, income and other taxes | 136 | 80 |
Accrued employee expenses | 106 | 84 |
Short-term debt | 301 | 93 |
Current portion of long-term debt | 479 | 420 |
Regulatory liabilities | 124 | 115 |
Other current liabilities | 221 | 174 |
Total current liabilities | 2,159 | 1,865 |
Long-term debt | 7,735 | 8,192 |
Regulatory liabilities | 2,753 | 2,727 |
Deferred income taxes | 2,715 | 2,627 |
Other long-term liabilities | 1,154 | 1,118 |
Total liabilities | 16,516 | 16,529 |
Commitments and contingencies | ||
Equity: | ||
Preferred stock | 2 | 2 |
Common stock | 0 | 0 |
Additional paid-in capital | 4,479 | 4,479 |
Retained earnings | 5,105 | 4,711 |
Accumulated other comprehensive loss, net | (19) | (19) |
Total shareholder's equity, parent | 9,567 | 9,173 |
Total liabilities and equity | $ 26,083 | $ 25,702 |
Balance Sheets (Unaudited) - ME
Balance Sheets (Unaudited) - MEC - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Regulatory assets | 3,344 | 3,157 |
Investments and restricted cash and cash equivalents and investments | 14,960 | 14,320 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 6,377 | 6,377 |
Retained earnings | 37,303 | 35,093 |
Total shareholder's equity, parent | 45,412 | 43,010 |
Total liabilities and equity | 130,561 | 127,316 |
MEC | ||
Current assets: | ||
Cash and cash equivalents | 30 | 38 |
Trade receivables, net | 508 | 234 |
Income tax receivable | 49 | 0 |
Inventories | 237 | 278 |
Other current assets | 91 | 73 |
Total current assets | 915 | 623 |
Property, plant and equipment, net | 19,473 | 19,279 |
Regulatory assets | 455 | 392 |
Investments and restricted cash and cash equivalents and investments | 977 | 911 |
Other assets | 237 | 232 |
Total assets | 22,057 | 21,437 |
Current liabilities: | ||
Accounts payable | 288 | 408 |
Accrued interest | 78 | 78 |
Accrued property, income and other taxes | 267 | 161 |
Other current liabilities | 188 | 183 |
Total current liabilities | 821 | 830 |
Long-term debt | 7,224 | 7,210 |
Regulatory liabilities | 1,254 | 1,111 |
Deferred income taxes | 3,164 | 3,054 |
Asset retirement obligations | 709 | 709 |
Other long-term liabilities | 459 | 458 |
Total liabilities | 13,631 | 13,372 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 561 | 561 |
Retained earnings | 7,865 | 7,504 |
Total shareholder's equity, parent | 8,426 | 8,065 |
Total liabilities and equity | $ 22,057 | $ 21,437 |
Consolidated Balance Sheets (_4
Consolidated Balance Sheets (Unaudited) - MidAmerican Funding LLC - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Property, plant and equipment, net | 87,622 | 86,128 |
Goodwill | 11,570 | 11,506 |
Regulatory assets | 3,344 | 3,157 |
Investments and restricted cash and cash equivalents and investments | 14,960 | 14,320 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Equity: | ||
Additional paid-in capital | 6,377 | 6,377 |
Retained earnings | 37,303 | 35,093 |
Total shareholder's equity, parent | 45,412 | 43,010 |
Total liabilities and equity | 130,561 | 127,316 |
MidAmerican Funding, LLC | ||
Current assets: | ||
Cash and cash equivalents | 31 | 39 |
Trade receivables, net | 508 | 234 |
Income tax receivable | 49 | 0 |
Inventories | 237 | 278 |
Other current assets | 92 | 74 |
Total current assets | 917 | 625 |
Property, plant and equipment, net | 19,474 | 19,279 |
Goodwill | 1,270 | 1,270 |
Regulatory assets | 455 | 392 |
Investments and restricted cash and cash equivalents and investments | 979 | 913 |
Other assets | 236 | 232 |
Total assets | 23,331 | 22,711 |
Current liabilities: | ||
Accounts payable | 288 | 408 |
Accrued interest | 84 | 83 |
Accrued property, income and other taxes | 267 | 161 |
Note payable to affiliate | 183 | 177 |
Other current liabilities | 188 | 183 |
Total current liabilities | 1,010 | 1,012 |
Long-term debt | 7,464 | 7,450 |
Regulatory liabilities | 1,254 | 1,111 |
Deferred income taxes | 3,162 | 3,052 |
Asset retirement obligations | 709 | 709 |
Other long-term liabilities | 459 | 458 |
Total liabilities | 14,058 | 13,792 |
Commitments and contingencies | ||
Equity: | ||
Additional paid-in capital | 1,679 | 1,679 |
Retained earnings | 7,594 | 7,240 |
Total shareholder's equity, parent | 9,273 | 8,919 |
Total liabilities and equity | $ 23,331 | $ 22,711 |
Consolidated Balance Sheets (_5
Consolidated Balance Sheets (Unaudited) - NPC - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Regulatory assets | 3,344 | 3,157 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 6,377 | 6,377 |
Retained earnings | 37,303 | 35,093 |
Accumulated other comprehensive loss, net | (1,360) | (1,552) |
Total shareholder's equity, parent | 45,412 | 43,010 |
Total liabilities and equity | 130,561 | 127,316 |
NPC | ||
Current assets: | ||
Cash and cash equivalents | 79 | 25 |
Trade receivables, net | 318 | 234 |
Inventories | 64 | 69 |
Derivative contracts | 51 | 26 |
Regulatory assets | 47 | 48 |
Prepayments | 36 | 38 |
Other current assets | 21 | 26 |
Total current assets | 616 | 466 |
Property, plant and equipment, net | 6,813 | 6,701 |
Finance lease right of use assets, net | 344 | 351 |
Regulatory assets | 717 | 746 |
Other assets | 73 | 72 |
Total assets | 8,563 | 8,336 |
Current liabilities: | ||
Accounts payable | 296 | 181 |
Accrued interest | 32 | 32 |
Accrued property, income and other taxes | 44 | 25 |
Current portion of finance lease obligations | 33 | 27 |
Regulatory liabilities | 49 | 50 |
Customer deposits | 42 | 47 |
Asset retirement obligation | 14 | 25 |
Other current liabilities | 38 | 22 |
Total current liabilities | 548 | 409 |
Long-term debt | 2,498 | 2,496 |
Finance lease obligations | 321 | 334 |
Regulatory liabilities | 1,163 | 1,163 |
Deferred income taxes | 742 | 738 |
Other long-term liabilities | 281 | 257 |
Total liabilities | 5,553 | 5,397 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 2,308 | 2,308 |
Retained earnings | 705 | 634 |
Accumulated other comprehensive loss, net | (3) | (3) |
Total shareholder's equity, parent | 3,010 | 2,939 |
Total liabilities and equity | $ 8,563 | $ 8,336 |
Consolidated Balance Sheets (_6
Consolidated Balance Sheets (Unaudited) - SPPC - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Regulatory assets | 3,344 | 3,157 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Short-term debt | 2,536 | 2,286 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Deferred income taxes | 12,464 | 11,775 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 6,377 | 6,377 |
Retained earnings | 37,303 | 35,093 |
Accumulated other comprehensive loss, net | (1,360) | (1,552) |
Total shareholder's equity, parent | 45,412 | 43,010 |
Total liabilities and equity | 130,561 | 127,316 |
SPPC | ||
Current assets: | ||
Cash and cash equivalents | 9 | 19 |
Trade receivables, net | 100 | 97 |
Inventories | 67 | 77 |
Derivative contracts | 17 | 9 |
Regulatory assets | 121 | 67 |
Other current assets | 42 | 36 |
Total current assets | 356 | 305 |
Property, plant and equipment, net | 3,232 | 3,164 |
Regulatory assets | 269 | 267 |
Other assets | 185 | 183 |
Total assets | 4,042 | 3,919 |
Current liabilities: | ||
Accounts payable | 135 | 108 |
Accrued interest | 14 | 14 |
Accrued property, income and other taxes | 16 | 14 |
Short-term debt | 74 | 45 |
Regulatory liabilities | 24 | 34 |
Customer deposits | 15 | 15 |
Other current liabilities | 31 | 25 |
Total current liabilities | 309 | 255 |
Long-term debt, carrying value | 1,164 | 1,164 |
Finance lease obligations | 118 | 121 |
Regulatory liabilities | 464 | 463 |
Deferred income taxes | 390 | 374 |
Other long-term liabilities | 141 | 131 |
Total liabilities | 2,586 | 2,508 |
Commitments and contingencies | ||
Equity: | ||
Common stock | 0 | 0 |
Additional paid-in capital | 1,111 | 1,111 |
Retained earnings | 346 | 301 |
Accumulated other comprehensive loss, net | (1) | (1) |
Total shareholder's equity, parent | 1,456 | 1,411 |
Total liabilities and equity | $ 4,042 | $ 3,919 |
Consolidated Balance Sheets (_7
Consolidated Balance Sheets (Unaudited) - EEGH - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 1,331 | $ 1,290 |
Restricted cash and cash equivalents | 154 | 140 |
Trade receivables, net | 2,479 | 2,107 |
Inventories | 1,113 | 1,168 |
Other current assets | 2,496 | 2,423 |
Total current assets | 10,242 | 9,447 |
Property, plant and equipment, net | 87,622 | 86,128 |
Goodwill | 11,570 | 11,506 |
Investments | 14,960 | 14,320 |
Other assets | 2,823 | 2,758 |
Total assets | 130,561 | 127,316 |
Current liabilities: | ||
Accounts payable | 1,802 | 1,867 |
Accrued interest | 549 | 555 |
Accrued property, income and other taxes | 711 | 582 |
Current portion of long-term debt | 918 | 1,839 |
Other current liabilities | 2,107 | 1,626 |
Total current liabilities | 9,080 | 9,138 |
Regulatory liabilities | 7,344 | 7,221 |
Other long-term liabilities | 4,353 | 4,178 |
Total liabilities | 81,196 | 80,339 |
Commitments and contingencies | ||
Member's equity: | ||
Accumulated other comprehensive loss, net | (1,360) | (1,552) |
Total liabilities and equity | 130,561 | 127,316 |
EEGH | ||
Current assets: | ||
Cash and cash equivalents | 86 | 35 |
Restricted cash and cash equivalents | 11 | 13 |
Trade receivables, net | 147 | 177 |
Receivables from affiliates | 55 | 139 |
Income tax receivable | 96 | 20 |
Other receivables | 39 | 51 |
Inventories | 123 | 119 |
Other current assets | 108 | 102 |
Total current assets | 665 | 656 |
Property, plant and equipment, net | 10,135 | 10,144 |
Goodwill | 1,286 | 1,286 |
Investments | 260 | 244 |
Other assets | 184 | 291 |
Total assets | 12,530 | 12,621 |
Current liabilities: | ||
Accounts payable | 59 | 71 |
Accounts payable to affiliates | 34 | 39 |
Accrued interest | 14 | 19 |
Accrued property, income and other taxes | 71 | 29 |
Notes payable | 0 | 9 |
Current portion of long-term debt | 0 | 500 |
Other current liabilities | 155 | 147 |
Total current liabilities | 333 | 814 |
Long-term debt | 3,916 | 3,925 |
Regulatory liabilities | 650 | 669 |
Other long-term liabilities | 233 | 218 |
Total liabilities | 5,132 | 5,626 |
Commitments and contingencies | ||
Member's equity: | ||
Membership interests | 3,366 | 2,957 |
Accumulated other comprehensive loss, net | (40) | (53) |
Total member's equity | 3,326 | 2,904 |
Noncontrolling interests | 4,072 | 4,091 |
Total equity | 7,398 | 6,995 |
Total liabilities and equity | $ 12,530 | $ 12,621 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue: | ||||
Total operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Energy: | ||||
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Operations and maintenance | 1,037 | 794 | 1,971 | 1,531 |
Depreciation and amortization | 936 | 725 | 1,851 | 1,534 |
Property and other taxes | 189 | 153 | 399 | 304 |
Real estate | 1,584 | 1,116 | 2,704 | 1,989 |
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Capitalized interest | 14 | 19 | 28 | 36 |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Interest and dividend income | 26 | 20 | 47 | 40 |
Gains on marketable securities, net | 1,966 | 583 | 848 | 610 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Equity loss | (50) | (32) | (229) | (50) |
Net income | 2,383 | 1,120 | 2,493 | 1,793 |
Net income attributable to noncontrolling interests | 102 | 4 | 208 | 7 |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
Preferred dividends | 37 | 0 | 75 | 0 |
Earnings on common shares | 2,244 | 1,116 | 2,210 | 1,786 |
Energy | ||||
Operating revenue: | ||||
Total operating revenue | 4,301 | 3,419 | 9,150 | 7,053 |
Real estate | ||||
Operating revenue: | ||||
Total operating revenue | $ 1,763 | $ 1,193 | $ 2,995 | $ 2,086 |
Consolidated Statements of Op_2
Consolidated Statements of Operations (Unaudited) - PAC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Operating expenses: | ||||
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for borrowed funds | 14 | 19 | 28 | 36 |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Interest and dividend income | 26 | 20 | 47 | 40 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
PAC | ||||
Operating revenue | 1,298 | 1,144 | 2,540 | 2,350 |
Operating expenses: | ||||
Cost of sales | 441 | 383 | 865 | 800 |
Operations and maintenance | 255 | 243 | 514 | 497 |
Depreciation and amortization | 275 | 210 | 539 | 462 |
Property and other taxes | 43 | 52 | 104 | 101 |
Total operating expenses | 1,014 | 888 | 2,022 | 1,860 |
Operating income | 284 | 256 | 518 | 490 |
Other income (expense): | ||||
Interest expense | (105) | (110) | (212) | (212) |
Allowance for borrowed funds | 6 | 12 | 12 | 22 |
Allowance for equity funds | 12 | 23 | 25 | 44 |
Interest and dividend income | 5 | 3 | 11 | 6 |
Other, net | 4 | 8 | 10 | 4 |
Total other income (expense) | (78) | (64) | (154) | (136) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 206 | 192 | 364 | 354 |
Income tax expense (benefit) | (19) | 26 | (30) | 12 |
Net income (loss) attributable to parent | $ 225 | $ 166 | $ 394 | $ 342 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - MEC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue: | ||||
Total operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Operating expenses: | ||||
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
MEC | ||||
Operating revenue: | ||||
Total operating revenue | 693 | 613 | 1,760 | 1,294 |
Operating expenses: | ||||
Operations and maintenance | 184 | 182 | 377 | 347 |
Depreciation and amortization | 209 | 175 | 416 | 351 |
Property and other taxes | 37 | 35 | 73 | 69 |
Total operating expenses | 590 | 505 | 1,609 | 1,088 |
Operating income | 103 | 108 | 151 | 206 |
Other income (expense): | ||||
Interest expense | (74) | (74) | (148) | (150) |
Allowance for borrowed funds | 2 | 4 | 4 | 7 |
Allowance for equity funds | 8 | 9 | 14 | 17 |
Other, net | 15 | 21 | 26 | 16 |
Total other income (expense) | (49) | (40) | (104) | (110) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 54 | 68 | 47 | 96 |
Income tax expense (benefit) | (159) | (141) | (313) | (264) |
Net income (loss) attributable to parent | 213 | 209 | 360 | 360 |
Regulated electric | MEC | ||||
Operating revenue: | ||||
Total operating revenue | 586 | 518 | 1,131 | 989 |
Operating expenses: | ||||
Cost of sales | 103 | 71 | 254 | 151 |
Regulated natural gas and other | MEC | ||||
Operating revenue: | ||||
Total operating revenue | 107 | 95 | 629 | 305 |
Operating expenses: | ||||
Cost of sales | $ 57 | $ 42 | $ 489 | $ 170 |
Consolidated Statements of Op_3
Consolidated Statements of Operations (Unaudited) - MidAmerican Funding LLC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue: | ||||
Total operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Operating expenses: | ||||
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
MidAmerican Funding, LLC | ||||
Operating revenue: | ||||
Total operating revenue | 693 | 616 | 1,760 | 1,302 |
Operating expenses: | ||||
Operations and maintenance | 184 | 183 | 377 | 348 |
Depreciation and amortization | 209 | 175 | 416 | 351 |
Property and other taxes | 37 | 35 | 73 | 69 |
Total operating expenses | 590 | 506 | 1,609 | 1,090 |
Operating income | 103 | 110 | 151 | 212 |
Other income (expense): | ||||
Interest expense | (78) | (78) | (156) | (159) |
Allowance for borrowed funds | 2 | 4 | 4 | 7 |
Allowance for equity funds | 8 | 9 | 14 | 17 |
Other, net | 16 | 21 | 26 | 15 |
Total other income (expense) | (52) | (44) | (112) | (120) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 51 | 66 | 39 | 92 |
Income tax expense (benefit) | (160) | (142) | (316) | (266) |
Net income (loss) attributable to parent | 211 | 208 | 355 | 358 |
Regulated electric | MidAmerican Funding, LLC | ||||
Operating revenue: | ||||
Total operating revenue | 586 | 518 | 1,131 | 989 |
Operating expenses: | ||||
Cost of sales | 103 | 71 | 254 | 151 |
Regulated natural gas and other | MidAmerican Funding, LLC | ||||
Operating revenue: | ||||
Total operating revenue | 107 | 98 | 629 | 313 |
Operating expenses: | ||||
Cost of sales | $ 57 | $ 42 | $ 489 | $ 171 |
Consolidated Statements of Op_4
Consolidated Statements of Operations (Unaudited) - NPC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Operating expenses: | ||||
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for borrowed funds | 14 | 19 | 28 | 36 |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
NPC | ||||
Operating revenue | 559 | 509 | 929 | 898 |
Operating expenses: | ||||
Cost of sales | 252 | 197 | 417 | 367 |
Operations and maintenance | 77 | 74 | 140 | 156 |
Depreciation and amortization | 100 | 91 | 201 | 181 |
Property and other taxes | 12 | 11 | 24 | 23 |
Total operating expenses | 441 | 373 | 782 | 727 |
Operating income | 118 | 136 | 147 | 171 |
Other income (expense): | ||||
Interest expense | (39) | (40) | (77) | (82) |
Allowance for borrowed funds | 1 | 1 | 2 | 2 |
Allowance for equity funds | 2 | 2 | 3 | 4 |
Other, net | 9 | 7 | 18 | 6 |
Total other income (expense) | (27) | (30) | (54) | (70) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 91 | 106 | 93 | 101 |
Income tax expense (benefit) | 9 | 23 | 9 | 22 |
Net income (loss) attributable to parent | $ 82 | $ 83 | $ 84 | $ 79 |
Consolidated Statements of Op_5
Consolidated Statements of Operations (Unaudited) - SPPC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Total operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Cost of sales | 1,110 | 888 | 2,679 | 1,926 |
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
SPPC | ||||
Total operating revenue | 209 | 185 | 429 | 417 |
Operations and maintenance | 41 | 41 | 77 | 83 |
Depreciation and amortization | 36 | 34 | 72 | 68 |
Property and other taxes | 6 | 5 | 12 | 11 |
Total operating expenses | 184 | 162 | 365 | 354 |
Operating income | 25 | 23 | 64 | 63 |
Interest expense | (13) | (14) | (27) | (28) |
Capitalized interest | 1 | 1 | 1 | 1 |
Allowance for equity funds | 2 | 1 | 3 | 2 |
Other, net | 3 | 3 | 9 | 4 |
Total other income (expense) | (7) | (9) | (14) | (21) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 18 | 14 | 50 | 42 |
Income tax expense (benefit) | 1 | 1 | 5 | 4 |
Net income (loss) attributable to parent | 17 | 13 | 45 | 38 |
SPPC | Regulated electric | ||||
Total operating revenue | 189 | 165 | 370 | 349 |
Cost of sales | 93 | 72 | 175 | 152 |
SPPC | Regulated natural gas | ||||
Total operating revenue | 20 | 20 | 59 | 68 |
Cost of sales | $ 8 | $ 10 | $ 29 | $ 40 |
Consolidated Statements of Op_6
Consolidated Statements of Operations (Unaudited) - EEGH - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 |
Operating expenses: | ||||
Total operating expenses | 4,856 | 3,676 | 9,604 | 7,284 |
Operating income | 1,208 | 936 | 2,541 | 1,855 |
Other income (expense): | ||||
Interest expense | (532) | (503) | (1,062) | (986) |
Allowance for equity funds | 30 | 38 | 56 | 72 |
Interest and dividend income | 26 | 20 | 47 | 40 |
Other, net | 48 | 52 | 56 | 25 |
Total other income (expense) | 1,552 | 209 | (27) | (203) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 |
Income tax expense (benefit) | 327 | (7) | (208) | (191) |
Equity income (loss) | (50) | (32) | (229) | (50) |
Net income | 2,383 | 1,120 | 2,493 | 1,793 |
Net income attributable to noncontrolling interests | 102 | 4 | 208 | 7 |
Net income (loss) attributable to parent | 2,281 | 1,116 | 2,285 | 1,786 |
EEGH | ||||
Operating revenue | 437 | 510 | 923 | 1,066 |
Operating expenses: | ||||
(Excess) cost of gas | (10) | 1 | (10) | 9 |
Operations and maintenance | 113 | 635 | 237 | 803 |
Depreciation and amortization | 81 | 94 | 161 | 187 |
Property and other taxes | 38 | 32 | 77 | 71 |
Total operating expenses | 222 | 762 | 465 | 1,070 |
Operating income | 215 | (252) | 458 | (4) |
Other income (expense): | ||||
Interest expense | (42) | (50) | (86) | (108) |
Allowance for equity funds | 1 | 5 | 3 | 10 |
Interest and dividend income | 0 | 27 | 0 | 57 |
Other, net | 1 | 14 | 2 | 28 |
Total other income (expense) | (40) | (4) | (81) | (13) |
Income (loss) before income tax expense (benefit) and equity income (loss) | 175 | (256) | 377 | (17) |
Income tax expense (benefit) | 22 | (82) | 49 | (30) |
Equity income (loss) | 7 | 8 | 23 | 23 |
Net income | 160 | (166) | 351 | 36 |
Net income attributable to noncontrolling interests | 100 | 32 | 202 | 65 |
Net income (loss) attributable to parent | $ 60 | $ (198) | $ 149 | $ (29) |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 2,383 | $ 1,120 | $ 2,493 | $ 1,793 |
Other comprehensive income (loss), net of tax: | ||||
Unrecognized amounts on retirement benefits, net of tax | 15 | 10 | 22 | 44 |
Foreign currency translation adjustment | 68 | 109 | 159 | (439) |
Unrealized gains (losses) on cash flow hedges, net of tax | 1 | 9 | 15 | (24) |
Total other comprehensive income (loss), net of tax | 84 | 128 | 196 | (419) |
Comprehensive income (loss) | 2,467 | 1,248 | 2,689 | 1,374 |
Comprehensive income attributable to noncontrolling interests | 106 | 4 | 212 | 7 |
Comprehensive income (loss) attributable to parent | $ 2,361 | $ 1,244 | $ 2,477 | $ 1,367 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Unrecognized amounts on retirement benefits, tax | $ 1 | $ 2 | $ 5 | $ 13 |
Unrealized gains (losses) on cash flow hedges, tax | (1) | 3 | 4 | (7) |
EEGH | ||||
Unrecognized amounts on retirement benefits, tax | 0 | 0 | 0 | 1 |
Unrealized gains (losses) on cash flow hedges, tax | $ 0 | $ 1 | $ 3 | $ (29) |
Consolidated Statements of Co_3
Consolidated Statements of Comprehensive Income (Unaudited) - EEGH - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net income | $ 2,383 | $ 1,120 | $ 2,493 | $ 1,793 |
Other comprehensive income (loss), net of tax: | ||||
Unrecognized amounts on retirement benefits, net of tax | 15 | 10 | 22 | 44 |
Unrealized gains (losses) on cash flow hedges, net of tax | 1 | 9 | 15 | (24) |
Total other comprehensive income (loss), net of tax | 84 | 128 | 196 | (419) |
Comprehensive income (loss) | 2,467 | 1,248 | 2,689 | 1,374 |
Comprehensive income attributable to noncontrolling interests | 106 | 4 | 212 | 7 |
Comprehensive income (loss) attributable to parent | 2,361 | 1,244 | 2,477 | 1,367 |
EEGH | ||||
Net income | 160 | (166) | 351 | 36 |
Other comprehensive income (loss), net of tax: | ||||
Unrecognized amounts on retirement benefits, net of tax | 2 | 2 | 4 | 3 |
Unrealized gains (losses) on cash flow hedges, net of tax | 3 | (2) | 13 | (87) |
Total other comprehensive income (loss), net of tax | 5 | 0 | 17 | (84) |
Comprehensive income (loss) | 165 | (166) | 368 | (48) |
Comprehensive income attributable to noncontrolling interests | 100 | 32 | 206 | 65 |
Comprehensive income (loss) attributable to parent | $ 65 | $ (198) | $ 162 | $ (113) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Millions | Total | Preferred Stock | Common Stock | Additional Paid-in Capital | Long-term Income Tax Receivable | Retained Earnings | Accumulated Other Comprehensive (Loss) Income, Net | Noncontrolling Interest |
Balance at Dec. 31, 2019 | $ 32,578 | $ 0 | $ 0 | $ 6,389 | $ (530) | $ 28,296 | $ (1,706) | $ 129 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net Income | 1,793 | 1,786 | 7 | |||||
Other comprehensive income (loss) | (419) | (419) | ||||||
Preferred stock dividend | 0 | |||||||
Common stock purchases | (126) | (6) | (120) | |||||
Distributions to noncontrolling interests | (7) | (7) | ||||||
Purchase of noncontrolling interest | (33) | (5) | (28) | |||||
Other equity transactions | (1) | (1) | ||||||
Balance at Jun. 30, 2020 | 33,785 | 0 | 0 | 6,377 | (530) | 29,962 | (2,125) | 101 |
Balance at Mar. 31, 2020 | 32,572 | 0 | 0 | 6,382 | (530) | 28,846 | (2,253) | 127 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net Income | 1,120 | 1,116 | 4 | |||||
Other comprehensive income (loss) | 128 | 128 | ||||||
Preferred stock dividend | 0 | |||||||
Distributions to noncontrolling interests | (2) | (2) | ||||||
Purchase of noncontrolling interest | (33) | (5) | (28) | |||||
Balance at Jun. 30, 2020 | 33,785 | 0 | 0 | 6,377 | (530) | 29,962 | (2,125) | 101 |
Balance at Dec. 31, 2020 | 46,977 | 3,750 | 0 | 6,377 | (658) | 35,093 | (1,552) | 3,967 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net Income | 2,493 | 2,285 | 208 | |||||
Other comprehensive income (loss) | 196 | 192 | 4 | |||||
Preferred stock dividend | (75) | (75) | ||||||
Distributions to noncontrolling interests | (234) | (234) | ||||||
Contributions | 9 | 9 | ||||||
Other equity transactions | (1) | (1) | ||||||
Balance at Jun. 30, 2021 | 49,365 | 3,750 | 0 | 6,377 | (658) | 37,303 | (1,360) | 3,953 |
Balance at Mar. 31, 2021 | 47,051 | 3,750 | 0 | 6,377 | (658) | 35,060 | (1,440) | 3,962 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net Income | 2,383 | 2,281 | 102 | |||||
Other comprehensive income (loss) | 84 | 80 | 4 | |||||
Preferred stock dividend | (37) | (37) | ||||||
Distributions to noncontrolling interests | (121) | (121) | ||||||
Contributions | 9 | 9 | ||||||
Other equity transactions | (4) | (1) | (3) | |||||
Balance at Jun. 30, 2021 | $ 49,365 | $ 3,750 | $ 0 | $ 6,377 | $ (658) | $ 37,303 | $ (1,360) | $ 3,953 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Equity (Unaudited) - PAC - USD ($) $ in Millions | Total | Accumulated Other Comprehensive (Loss) Income, Net | PAC | PACPreferred Stock | PACCommon Stock | PACAdditional Paid-in Capital | PACRetained Earnings | PACAccumulated Other Comprehensive (Loss) Income, Net |
Balance at Dec. 31, 2019 | $ 8,437 | $ 2 | $ 0 | $ 4,479 | $ 3,972 | $ (16) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | $ 1,786 | 342 | 342 | |||||
Other comprehensive income (loss) | (419) | $ (419) | 1 | 1 | ||||
Balance at Jun. 30, 2020 | 8,780 | 2 | 0 | 4,479 | 4,314 | (15) | ||
Balance at Mar. 31, 2020 | 8,614 | 2 | 0 | 4,479 | 4,148 | (15) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | 1,116 | 166 | 166 | |||||
Other comprehensive income (loss) | 128 | 128 | ||||||
Balance at Jun. 30, 2020 | 8,780 | 2 | 0 | 4,479 | 4,314 | (15) | ||
Balance at Dec. 31, 2020 | 43,010 | 9,173 | 2 | 0 | 4,479 | 4,711 | (19) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | 2,285 | 394 | 394 | |||||
Other comprehensive income (loss) | 196 | 192 | ||||||
Balance at Jun. 30, 2021 | 45,412 | 9,567 | 2 | 0 | 4,479 | 5,105 | (19) | |
Balance at Mar. 31, 2021 | 9,342 | 2 | 0 | 4,479 | 4,880 | (19) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | 2,281 | 225 | 225 | |||||
Other comprehensive income (loss) | 84 | $ 80 | ||||||
Balance at Jun. 30, 2021 | $ 45,412 | $ 9,567 | $ 2 | $ 0 | $ 4,479 | $ 5,105 | $ (19) |
Statements of Changes in Shareh
Statements of Changes in Shareholder's Equity (Unaudited) - MEC - USD ($) $ in Millions | Total | Additional Paid-in Capital | Retained Earnings | MEC | MECCommon Stock | MECAdditional Paid-in Capital | MECRetained Earnings |
Balance at Dec. 31, 2019 | $ 7,240 | $ 0 | $ 561 | $ 6,679 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | $ 1,786 | 360 | 360 | ||||
Other equity transactions | (1) | $ (1) | |||||
Balance at Jun. 30, 2020 | 7,600 | 0 | 561 | 7,039 | |||
Balance at Mar. 31, 2020 | 7,391 | 0 | 561 | 6,830 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 1,116 | 209 | 209 | ||||
Balance at Jun. 30, 2020 | 7,600 | 0 | 561 | 7,039 | |||
Balance at Dec. 31, 2020 | 43,010 | 8,065 | 0 | 561 | 7,504 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 2,285 | 360 | 360 | ||||
Other equity transactions | (1) | 1 | 1 | ||||
Balance at Jun. 30, 2021 | 45,412 | 8,426 | 0 | 561 | 7,865 | ||
Balance at Mar. 31, 2021 | 8,212 | 0 | 561 | 7,651 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 2,281 | 213 | 213 | ||||
Other equity transactions | (4) | $ (1) | 1 | 1 | |||
Balance at Jun. 30, 2021 | $ 45,412 | $ 8,426 | $ 0 | $ 561 | $ 7,865 |
Consolidated Statements of Ch_3
Consolidated Statements of Changes in Member's Equity (Unaudited) - MidAmerican Funding LLC - USD ($) $ in Millions | Total | Additional Paid-in Capital | Retained Earnings | MidAmerican Funding, LLC | MidAmerican Funding, LLCAdditional Paid-in Capital | MidAmerican Funding, LLCRetained Earnings |
Balance at Dec. 31, 2019 | $ 8,101 | $ 1,679 | $ 6,422 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | $ 1,786 | 358 | 358 | |||
Other equity transactions | (1) | $ (1) | ||||
Balance at Jun. 30, 2020 | 8,459 | 1,679 | 6,780 | |||
Balance at Mar. 31, 2020 | 8,251 | 1,679 | 6,572 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 1,116 | 208 | 208 | |||
Balance at Jun. 30, 2020 | 8,459 | 1,679 | 6,780 | |||
Balance at Dec. 31, 2020 | 43,010 | 8,919 | 1,679 | 7,240 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 2,285 | 355 | 355 | |||
Other equity transactions | (1) | (1) | (1) | |||
Balance at Jun. 30, 2021 | 45,412 | 9,273 | 1,679 | 7,594 | ||
Balance at Mar. 31, 2021 | 9,063 | 1,679 | 7,384 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 2,281 | 211 | 211 | |||
Other equity transactions | (4) | $ (1) | (1) | (1) | ||
Balance at Jun. 30, 2021 | $ 45,412 | $ 9,273 | $ 1,679 | $ 7,594 |
Consolidated Statements of Ch_4
Consolidated Statements of Changes in Equity (Unaudited) - NPC - USD ($) $ in Millions | Total | Additional Paid-in Capital | Retained Earnings | NPC | NPCCommon Stock | NPCAdditional Paid-in Capital | NPCRetained Earnings | NPCAccumulated Other Comprehensive (Loss) Income, Net |
Balance (shares) at Dec. 31, 2019 | 1,000 | |||||||
Balance at Dec. 31, 2019 | $ 2,797 | $ 0 | $ 2,308 | $ 493 | $ (4) | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | $ 1,786 | 79 | 79 | |||||
Dividends declared | (85) | (85) | ||||||
Other equity transactions | (1) | $ (1) | 1 | 1 | ||||
Balance (shares) at Jun. 30, 2020 | 1,000 | |||||||
Balance at Jun. 30, 2020 | 2,792 | $ 0 | 2,308 | 488 | (4) | |||
Balance (shares) at Mar. 31, 2020 | 1,000 | |||||||
Balance at Mar. 31, 2020 | 2,794 | $ 0 | 2,308 | 490 | (4) | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | $ 1,116 | 83 | 83 | |||||
Dividends declared | (85) | (85) | ||||||
Balance (shares) at Jun. 30, 2020 | 1,000 | |||||||
Balance at Jun. 30, 2020 | $ 2,792 | $ 0 | 2,308 | 488 | (4) | |||
Balance (shares) at Dec. 31, 2020 | 76,000,000 | 1,000 | 1,000 | |||||
Balance at Dec. 31, 2020 | $ 43,010 | $ 2,939 | $ 0 | 2,308 | 634 | (3) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | 2,285 | 84 | 84 | |||||
Dividends declared | $ (13) | (13) | ||||||
Other equity transactions | $ (1) | |||||||
Balance (shares) at Jun. 30, 2021 | 76,000,000 | 1,000 | 1,000 | |||||
Balance at Jun. 30, 2021 | $ 45,412 | $ 3,010 | $ 0 | 2,308 | 705 | (3) | ||
Balance (shares) at Mar. 31, 2021 | 1,000 | |||||||
Balance at Mar. 31, 2021 | 2,941 | $ 0 | 2,308 | 636 | (3) | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Net income (loss) | 2,281 | 82 | 82 | |||||
Dividends declared | $ (13) | (13) | ||||||
Other equity transactions | $ (4) | $ (1) | ||||||
Balance (shares) at Jun. 30, 2021 | 76,000,000 | 1,000 | 1,000 | |||||
Balance at Jun. 30, 2021 | $ 45,412 | $ 3,010 | $ 0 | $ 2,308 | $ 705 | $ (3) |
Consolidated Statements of Ch_5
Consolidated Statements of Changes in Equity (Unaudited) - SPPC - USD ($) $ in Millions | Total | SPPC | SPPCCommon Stock | SPPCAdditional Paid-in Capital | SPPCRetained Earnings | SPPCAccumulated Other Comprehensive (Loss) Income, Net |
Balance (shares) at Dec. 31, 2019 | 1,000 | |||||
Balance at Dec. 31, 2019 | $ 1,320 | $ 0 | $ 1,111 | $ 210 | $ (1) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | $ 1,786 | 38 | 38 | |||
Dividends declared | (20) | (20) | ||||
Balance (shares) at Jun. 30, 2020 | 1,000 | |||||
Balance at Jun. 30, 2020 | 1,338 | $ 0 | 1,111 | 228 | (1) | |
Balance (shares) at Mar. 31, 2020 | 1,000 | |||||
Balance at Mar. 31, 2020 | 1,345 | $ 0 | 1,111 | 235 | (1) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | $ 1,116 | 13 | 13 | |||
Dividends declared | (20) | (20) | ||||
Balance (shares) at Jun. 30, 2020 | 1,000 | |||||
Balance at Jun. 30, 2020 | $ 1,338 | $ 0 | 1,111 | 228 | (1) | |
Balance (shares) at Dec. 31, 2020 | 76,000,000 | 1,000 | 1,000 | |||
Balance at Dec. 31, 2020 | $ 43,010 | $ 1,411 | $ 0 | 1,111 | 301 | (1) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | $ 2,285 | $ 45 | 45 | |||
Balance (shares) at Jun. 30, 2021 | 76,000,000 | 1,000 | 1,000 | |||
Balance at Jun. 30, 2021 | $ 45,412 | $ 1,456 | $ 0 | 1,111 | 346 | (1) |
Balance (shares) at Mar. 31, 2021 | 1,000 | |||||
Balance at Mar. 31, 2021 | 1,439 | 1,111 | 329 | (1) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | $ 2,281 | $ 17 | 17 | |||
Balance (shares) at Jun. 30, 2021 | 76,000,000 | 1,000 | 1,000 | |||
Balance at Jun. 30, 2021 | $ 45,412 | $ 1,456 | $ 0 | $ 1,111 | $ 346 | $ (1) |
Consolidated Statements of Ch_6
Consolidated Statements of Changes in Equity (Unaudited) - EEGH - USD ($) $ in Millions | Total | EEGH | Member InterestsEEGH | Accumulated Other Comprehensive (Loss) Income, Net | Accumulated Other Comprehensive (Loss) Income, NetEEGH | Noncontrolling Interest | Noncontrolling InterestEEGH |
Balance at Dec. 31, 2019 | $ 32,578 | $ 10,229 | $ 9,031 | $ (1,706) | $ (187) | $ 129 | $ 1,385 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 1,793 | 36 | (29) | 65 | |||
Other comprehensive income (loss) | (419) | (84) | (419) | (84) | |||
Distributions | (1,725) | (1,650) | (75) | ||||
Balance at Jun. 30, 2020 | 33,785 | 8,456 | 7,352 | (2,125) | (271) | 101 | 1,375 |
Balance at Mar. 31, 2020 | 32,572 | 10,078 | 8,968 | (2,253) | (271) | 127 | 1,381 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 1,120 | (166) | (198) | 32 | |||
Other comprehensive income (loss) | 128 | 0 | 128 | ||||
Distributions | (1,456) | (1,418) | (38) | ||||
Balance at Jun. 30, 2020 | 33,785 | 8,456 | 7,352 | (2,125) | (271) | 101 | 1,375 |
Balance at Dec. 31, 2020 | 46,977 | 6,995 | 2,957 | (1,552) | (53) | 3,967 | 4,091 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 2,493 | 351 | 149 | 202 | |||
Other comprehensive income (loss) | 196 | 17 | 192 | 13 | 4 | 4 | |
Contributions | 9 | 282 | 282 | 9 | |||
Distributions | (247) | (22) | (225) | ||||
Balance at Jun. 30, 2021 | 49,365 | 7,398 | 3,366 | (1,360) | (40) | 3,953 | 4,072 |
Balance at Mar. 31, 2021 | 47,051 | 7,078 | 3,035 | (1,440) | (45) | 3,962 | 4,088 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 2,383 | 160 | 60 | 100 | |||
Other comprehensive income (loss) | 84 | 5 | 80 | 5 | 4 | ||
Contributions | 9 | 271 | 271 | 9 | |||
Distributions | (116) | (116) | |||||
Balance at Jun. 30, 2021 | $ 49,365 | $ 7,398 | $ 3,366 | $ (1,360) | $ (40) | $ 3,953 | $ 4,072 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income | $ 2,493 | $ 1,793 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Gains (losses) on marketable securities, net | (848) | (610) |
Depreciation and amortization | 1,874 | 1,557 |
Allowance for equity funds | (56) | (72) |
Equity (income) loss, net of distributions | 313 | 64 |
Changes in regulatory assets and liabilities | (199) | (7) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Derivative collateral, net | 92 | 16 |
Pension and other postretirement benefit plans | (33) | (45) |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Purchases of marketable securities | (185) | (272) |
Proceeds from sales of marketable securities | 163 | 256 |
Equity method investments | (52) | (1,087) |
Other, net | (53) | 58 |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Proceeds from BHE senior debt | 0 | 3,231 |
Repayments of BHE senior debt | (450) | (350) |
Preferred dividends | (75) | 0 |
Common stock purchases | 0 | (126) |
Proceeds from subsidiary debt | 539 | 2,448 |
Repayments of subsidiary debt | (1,210) | (1,410) |
Net proceeds from (repayments of) short-term debt | 245 | (920) |
Purchase of noncontrolling interest | 0 | (33) |
Distributions to noncontrolling interests | (234) | (8) |
Contributions from noncontrolling interests | 9 | 5 |
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Effect of exchange rate changes | 2 | (12) |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 1,500 | $ 2,070 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Unaudited) - PAC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,285 | $ 1,786 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Allowance for equity funds | (56) | (72) |
Changes in regulatory assets and liabilities | (199) | (7) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Derivative collateral, net | 92 | 16 |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Other, net | (53) | 58 |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 245 | (920) |
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
PAC | ||
Cash flows from operating activities: | ||
Net income (loss) | 394 | 342 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 539 | 462 |
Allowance for equity funds | (25) | (44) |
Changes in regulatory assets and liabilities | (98) | (12) |
Deferred income taxes and amortization of investment tax credits | 22 | (24) |
Other, net | (1) | 1 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (10) | 46 |
Inventories | 8 | (80) |
Derivative collateral, net | 35 | 7 |
Prepaid expenses | 12 | (1) |
Accrued property, income and other taxes, net | 79 | 38 |
Accounts payable and other liabilities | 91 | 35 |
Net cash flows from operating activities | 1,046 | 770 |
Cash flows from investing activities: | ||
Capital expenditures | (819) | (973) |
Other, net | 0 | 29 |
Net cash flows from investing activities | (819) | (944) |
Cash flows from financing activities: | ||
Proceeds from long-term debt | 0 | 987 |
Repayments of long-term debt | (400) | 0 |
Net proceeds from (repayments of) short-term debt | 208 | (130) |
Other, net | (4) | 0 |
Net cash flows from financing activities | (196) | 857 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 31 | 683 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 19 | 36 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 50 | $ 719 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - MEC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,285 | $ 1,786 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Allowance for equity funds | (56) | (72) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Pension and other postretirement benefit plans | (33) | (45) |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Purchases of marketable securities | (185) | (272) |
Proceeds from sales of marketable securities | 163 | 256 |
Other, net | (53) | 58 |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 245 | (920) |
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
MEC | ||
Cash flows from operating activities: | ||
Net income (loss) | 360 | 360 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 416 | 351 |
Amortization of utility plant to other operating expenses | 17 | 17 |
Allowance for equity funds | (14) | (17) |
Deferred income taxes and amortization of investment tax credits | 196 | 131 |
Settlements of asset retirement obligations | (19) | (25) |
Other, net | 11 | 8 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (275) | (1) |
Inventories | 41 | (31) |
Pension and other postretirement benefit plans | 0 | (11) |
Accrued property, income and other taxes, net | 56 | (409) |
Accounts payable and other liabilities | (68) | (47) |
Net cash flows from operating activities | 721 | 326 |
Cash flows from investing activities: | ||
Capital expenditures | (720) | (824) |
Purchases of marketable securities | (109) | (210) |
Proceeds from sales of marketable securities | 105 | 202 |
Other, net | (2) | 14 |
Net cash flows from investing activities | (726) | (818) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 0 | 195 |
Other, net | (2) | (1) |
Net cash flows from financing activities | (2) | 194 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | (7) | (298) |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 45 | 330 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 38 | $ 32 |
Consolidated Statements of Ca_3
Consolidated Statements of Cash Flows (Unaudited) - MidAmerican Funding LLC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,285 | $ 1,786 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Allowance for equity funds | (56) | (72) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Pension and other postretirement benefit plans | (33) | (45) |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Purchases of marketable securities | (185) | (272) |
Proceeds from sales of marketable securities | 163 | 256 |
Other, net | (53) | 58 |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 245 | (920) |
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
MidAmerican Funding, LLC | ||
Cash flows from operating activities: | ||
Net income (loss) | 355 | 358 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 416 | 351 |
Amortization of utility plant to other operating expenses | 17 | 17 |
Allowance for equity funds | (14) | (17) |
Deferred income taxes and amortization of investment tax credits | 195 | 134 |
Settlements of asset retirement obligations | (19) | (25) |
Other, net | 11 | 8 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (275) | 0 |
Inventories | 41 | (31) |
Pension and other postretirement benefit plans | 0 | (11) |
Accrued property, income and other taxes, net | 56 | (414) |
Accounts payable and other liabilities | (68) | (47) |
Net cash flows from operating activities | 715 | 323 |
Cash flows from investing activities: | ||
Capital expenditures | (721) | (824) |
Purchases of marketable securities | (109) | (210) |
Proceeds from sales of marketable securities | 105 | 202 |
Other, net | (1) | 15 |
Net cash flows from investing activities | (726) | (817) |
Cash flows from financing activities: | ||
Net change in note payable to affiliate | 6 | 4 |
Net proceeds from (repayments of) short-term debt | 0 | 195 |
Other, net | (2) | (1) |
Net cash flows from financing activities | 4 | 198 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | (7) | (296) |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 46 | 331 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 39 | $ 35 |
Consolidated Statements of Ca_4
Consolidated Statements of Cash Flows (Unaudited) - NPC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,285 | $ 1,786 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Allowance for equity funds | (56) | (72) |
Changes in regulatory assets and liabilities | (199) | (7) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
NPC | ||
Cash flows from operating activities: | ||
Net income (loss) | 84 | 79 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 201 | 181 |
Allowance for equity funds | (3) | (4) |
Changes in regulatory assets and liabilities | (17) | 1 |
Deferred income taxes and amortization of investment tax credits | (20) | (7) |
Deferred energy | (1) | 15 |
Amortization of deferred energy | 7 | (11) |
Other, net | 0 | 6 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (83) | (80) |
Inventories | 5 | 2 |
Accrued property, income and other taxes, net | 21 | 28 |
Accounts payable and other liabilities | 116 | (3) |
Net cash flows from operating activities | 310 | 207 |
Cash flows from investing activities: | ||
Capital expenditures | (237) | (257) |
Net cash flows from investing activities | (237) | (257) |
Cash flows from financing activities: | ||
Proceeds from long-term debt | 0 | 718 |
Repayments of long-term debt | 0 | (575) |
Dividends paid | (13) | (85) |
Other, net | (8) | (8) |
Net cash flows from financing activities | (21) | 50 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 52 | 0 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 36 | 25 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 88 | $ 25 |
Consolidated Statements of Ca_5
Consolidated Statements of Cash Flows (Unaudited) - SPPC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,285 | $ 1,786 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Allowance for equity funds | (56) | (72) |
Changes in regulatory assets and liabilities | (199) | (7) |
Deferred income taxes and amortization of investment tax credits | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (254) | (783) |
Accrued property, income and other taxes, net | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 245 | (920) |
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
SPPC | ||
Cash flows from operating activities: | ||
Net income (loss) | 45 | 38 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 72 | 68 |
Allowance for equity funds | (3) | (2) |
Changes in regulatory assets and liabilities | (20) | (24) |
Deferred income taxes and amortization of investment tax credits | 8 | (6) |
Deferred energy | (47) | 21 |
Amortization of deferred energy | 2 | 1 |
Other, net | (2) | 1 |
Changes in other operating assets and liabilities, net of effects from acquisitions: | ||
Trade receivables and other assets | (1) | 11 |
Inventories | 10 | (19) |
Accrued property, income and other taxes, net | (1) | 10 |
Accounts payable and other liabilities | 29 | 18 |
Net cash flows from operating activities | 92 | 117 |
Cash flows from investing activities: | ||
Capital expenditures | (128) | (110) |
Net cash flows from investing activities | (128) | (110) |
Cash flows from financing activities: | ||
Net proceeds from (repayments of) short-term debt | 29 | 0 |
Dividends paid | 0 | (20) |
Other, net | (4) | (2) |
Net cash flows from financing activities | 25 | (22) |
Net change in cash and cash equivalents and restricted cash and cash equivalents | (11) | (15) |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 26 | 32 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 15 | $ 17 |
Consolidated Statements of Ca_6
Consolidated Statements of Cash Flows (Unaudited) - EEGH - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income | $ 2,493 | $ 1,793 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation and amortization | 1,874 | 1,557 |
Allowance for equity funds | (56) | (72) |
Equity (income) loss, net of distributions | 313 | 64 |
Changes in regulatory assets and liabilities | (199) | (7) |
Deferred income taxes | 613 | 288 |
Other, net | (26) | 18 |
Changes in other operating assets and liabilities: | ||
Trade receivables and other assets | (254) | (783) |
Derivative collateral, net | 92 | 16 |
Pension and other postretirement benefit plans | (33) | (45) |
Accrued property, income and other taxes | 76 | (605) |
Accounts payable and other liabilities | 187 | 240 |
Net cash flows from operating activities | 4,232 | 1,854 |
Cash flows from investing activities: | ||
Capital expenditures | (2,848) | (2,793) |
Other, net | (53) | 58 |
Net cash flows from investing activities | (2,975) | (3,838) |
Cash flows from financing activities: | ||
Other, net | (28) | (39) |
Net cash flows from financing activities | (1,204) | 2,798 |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 55 | 802 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 1,445 | 1,268 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | 1,500 | 2,070 |
EEGH | ||
Cash flows from operating activities: | ||
Net income | 351 | 36 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Losses on other items, net | 3 | 482 |
Depreciation and amortization | 161 | 187 |
Allowance for equity funds | (3) | (10) |
Equity (income) loss, net of distributions | (3) | 2 |
Changes in regulatory assets and liabilities | 1 | 12 |
Deferred income taxes | 118 | (97) |
Other, net | (9) | 7 |
Changes in other operating assets and liabilities: | ||
Trade receivables and other assets | 65 | 429 |
Derivative collateral, net | (1) | 11 |
Pension and other postretirement benefit plans | 0 | (35) |
Accrued property, income and other taxes | (63) | (7) |
Accounts payable and other liabilities | (39) | (9) |
Net cash flows from operating activities | 581 | 1,008 |
Cash flows from investing activities: | ||
Capital expenditures | (150) | (147) |
Repayment of loans by affiliates | 268 | 1,165 |
Loans to affiliates | (158) | (263) |
Other, net | (12) | (4) |
Net cash flows from investing activities | (52) | 751 |
Cash flows from financing activities: | ||
Repayments of long-term debt | (500) | 0 |
Net repayments of short-term debt | 0 | (62) |
(Repayment) issuance of notes payable, net | (9) | 54 |
Proceeds from equity contributions | 256 | 0 |
Distributions | (225) | (1,725) |
Other, net | (2) | (1) |
Net cash flows from financing activities | (480) | (1,734) |
Net change in cash and cash equivalents and restricted cash and cash equivalents | 49 | 25 |
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 48 | 39 |
Cash and cash equivalents and restricted cash and cash equivalents at end of period | $ 97 | $ 64 |
General
General | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting Information [Line Items] | |
General | General Berkshire Hathaway Energy Company ("BHE") is a holding company that owns a highly diversified portfolio of locally managed businesses principally engaged in the energy industry (collectively with its subsidiaries, the "Company") and is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The Company's operations are organized as eight business segments: PacifiCorp and its subsidiaries ("PacifiCorp"), MidAmerican Funding, LLC and its subsidiaries ("MidAmerican Funding") (which primarily consists of MidAmerican Energy Company ("MidAmerican Energy")), NV Energy, Inc. and its subsidiaries ("NV Energy") (which primarily consists of Nevada Power Company and its subsidiaries ("Nevada Power") and Sierra Pacific Power Company and its subsidiaries ("Sierra Pacific")), Northern Powergrid Holdings Company ("Northern Powergrid") (which primarily consists of Northern Powergrid (Northeast) plc and Northern Powergrid (Yorkshire) plc), BHE Pipeline Group, LLC and its subsidiaries (which primarily consists of BHE GT&S, LLC ("BHE GT&S"), Northern Natural Gas Company ("Northern Natural Gas") and Kern River Gas Transmission Company ("Kern River")), BHE Transmission (which consists of BHE Canada Holdings Corporation ("BHE Canada") (which primarily consists of AltaLink, L.P. ("AltaLink")) and BHE U.S. Transmission, LLC), BHE Renewables (which primarily consists of BHE Renewables, LLC and CalEnergy Philippines) and HomeServices of America, Inc. and its subsidiaries ("HomeServices"). The Company, through these locally managed and operated businesses, owns four utility companies in the United States serving customers in 11 states, two electricity distribution companies in Great Britain, five interstate natural gas pipeline companies and interests in a liquefied natural gas ("LNG") export, import and storage facility in the United States, an electric transmission business in Canada, interests in electric transmission businesses in the United States, a renewable energy business primarily investing in wind, solar, geothermal and hydroelectric projects, the largest residential real estate brokerage firm in the United States and one of the largest residential real estate brokerage franchise networks in the United States. The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020 describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in the Company's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
PAC | |
Segment Reporting Information [Line Items] | |
General | General PacifiCorp, which includes PacifiCorp and its subsidiaries, is a United States regulated electric utility company serving retail customers, including residential, commercial, industrial, irrigation and other customers in portions of Utah, Oregon, Wyoming, Washington, Idaho and California. PacifiCorp owns, or has interests in, a number of thermal, hydroelectric, wind-powered and geothermal generating facilities, as well as electric transmission and distribution assets. PacifiCorp also buys and sells electricity on the wholesale market with other utilities, energy marketing companies, financial institutions and other market participants. PacifiCorp is subject to comprehensive state and federal regulation. PacifiCorp's subsidiaries support its electric utility operations by providing coal mining services. PacifiCorp is an indirect subsidiary of Berkshire Hathaway Energy Company ("BHE"), a holding company based in Des Moines, Iowa that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income materially equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 and 2020 are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in PacifiCorp's Annual Report on Form 10-K for the year ended December 31, 2020 describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in PacifiCorp's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
MEC | |
Segment Reporting Information [Line Items] | |
General | General MidAmerican Energy Company ("MidAmerican Energy") is a public utility with electric and natural gas operations and is the principal subsidiary of MHC Inc. ("MHC"). MHC is a holding company that conducts no business other than the ownership of its subsidiaries. MHC's nonregulated subsidiary is Midwest Capital Group, Inc. MHC is the direct, wholly owned subsidiary of MidAmerican Funding, LLC ("MidAmerican Funding"), which is an Iowa limited liability company with Berkshire Hathaway Energy Company ("BHE") as its sole member. BHE is a holding company based in Des Moines, Iowa, that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The unaudited Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Financial Statements as of June 30, 2021, and for the three- and six-month periods ended June 30, 2021 and 2020. The Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021, are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Financial Statements. Note 2 of Notes to Financial Statements included in MidAmerican Energy's Annual Report on Form 10-K for the year ended December 31, 2020, describes the most significant accounting policies used in the preparation of the unaudited Financial Statements. There have been no significant changes in MidAmerican Energy's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
MidAmerican Funding, LLC | |
Segment Reporting Information [Line Items] | |
General | General MidAmerican Funding, LLC ("MidAmerican Funding") is an Iowa limited liability company with Berkshire Hathaway Energy Company ("BHE") as its sole member. BHE is a holding company based in Des Moines, Iowa, that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). MidAmerican Funding's direct, wholly owned subsidiary is MHC Inc. ("MHC"), which constitutes substantially all of MidAmerican Funding's assets, liabilities and business activities except those related to MidAmerican Funding's long-term debt securities. MHC conducts no business other than the ownership of its subsidiaries. MHC's principal subsidiary is MidAmerican Energy Company ("MidAmerican Energy"), a public utility with electric and natural gas operations, and its direct, wholly owned nonregulated subsidiary is Midwest Capital Group, Inc. The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021, and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income materially equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021, are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in MidAmerican Funding's Annual Report on Form 10-K for the year ended December 31, 2020, describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in MidAmerican Funding's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
NPC | |
Segment Reporting Information [Line Items] | |
General | General Nevada Power Company, together with its subsidiaries ("Nevada Power"), is a wholly owned subsidiary of NV Energy, Inc. ("NV Energy"), a holding company that also owns Sierra Pacific Power Company and its subsidiaries ("Sierra Pacific") and certain other subsidiaries. Nevada Power is a United States regulated electric utility company serving retail customers, including residential, commercial and industrial customers, primarily in the Las Vegas, North Las Vegas, Henderson and adjoining areas. NV Energy is an indirect wholly owned subsidiary of Berkshire Hathaway Energy Company ("BHE"). BHE is a holding company based in Des Moines, Iowa that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in Nevada Power's Annual Report on Form 10-K for the year ended December 31, 2020 describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in Nevada Power's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
SPPC | |
Segment Reporting Information [Line Items] | |
General | General Sierra Pacific Power Company, together with its subsidiaries ("Sierra Pacific"), is a wholly owned subsidiary of NV Energy, Inc. ("NV Energy"), a holding company that also owns Nevada Power Company and its subsidiaries ("Nevada Power") and certain other subsidiaries. Sierra Pacific is a United States regulated electric utility company serving retail customers, including residential, commercial and industrial customers and regulated retail natural gas customers primarily in northern Nevada. NV Energy is an indirect wholly owned subsidiary of Berkshire Hathaway Energy Company ("BHE"). BHE is a holding company based in Des Moines, Iowa that owns subsidiaries principally engaged in energy businesses. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in Sierra Pacific's Annual Report on Form 10-K for the year ended December 31, 2020 describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in Sierra Pacific's assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
EEGH | |
Segment Reporting Information [Line Items] | |
General | General Eastern Energy Gas Holdings, LLC and its subsidiaries ("Eastern Energy Gas") is a holding company that conducts business activities consisting of Federal Energy Regulatory Commission ("FERC")-regulated interstate natural gas transportation pipeline and underground storage operations in the eastern region of the United States and operates Cove Point LNG, LP ("Cove Point"), a liquefied natural gas ("LNG") export, import and storage facility. Eastern Energy Gas owns 100% of the general partner interest and 25% of the limited partnership interest in Cove Point. In addition, Eastern Energy Gas owns a 50% noncontrolling interest in Iroquois Gas Transmission System, L.P. ("Iroquois"), a 416-mile FERC-regulated interstate natural gas transportation pipeline. In July 2020, Dominion Energy, Inc. ("DEI") entered into an agreement to sell substantially all of its gas transmission and storage operations, including Eastern Energy Gas and a 25% limited partnership interest in Cove Point, to Berkshire Hathaway Energy Company ("BHE"). Approval of the transaction under the Hart-Scott-Rodino Act was not obtained within 75 days and DEI and BHE mutually agreed to a dual-phase closing consisting of two separate disposal groups identified as the acquisition of substantially all of the natural gas transmission and storage business of DEI and Dominion Energy Questar Corporation, exclusive of Dominion Energy Questar Pipeline, LLC and related entities (the "Questar Pipeline Group") (the "GT&S Transaction") and the proposed sale of the Questar Pipeline Group by DEI to BHE pursuant to a purchase and sale agreement entered into on October 5, 2020 ("Q-Pipe Transaction"). In July 2021, Dominion Energy Questar Corporation ("Dominion Questar") and DEI delivered a written notice to BHE stating that BHE and Dominion Questar have mutually elected to terminate the Q-Pipe Transaction. Prior to the completion of the GT&S Transaction, Eastern Energy Gas finalized a restructuring whereby Eastern Energy Gas distributed the Questar Pipeline Group and a 50% noncontrolling interest in Cove Point to DEI. This restructuring was accounted for by Eastern Energy Gas as a reorganization of entities under common control and the disposition was reflected as an equity transaction. The disposition was not reported as a discontinued operation as the disposal did not represent a strategic shift in the way management had intended to run the business. On November 1, 2020, BHE completed the GT&S Transaction. As a result of the GT&S Transaction, Eastern Energy Gas became an indirect wholly owned subsidiary of BHE. BHE is a holding company based in Des Moines, Iowa that owns subsidiaries principally engaged in the energy industry. BHE is a consolidated subsidiary of Berkshire Hathaway Inc. ("Berkshire Hathaway"). The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. Note 2 of Notes to Consolidated Financial Statements included in Eastern Energy Gas' Annual Report on Form 10-K for the year ended December 31, 2020 describes the most significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements. There have been no significant changes in Eastern Energy Gas' assumptions regarding significant accounting estimates and policies during the six-month period ended June 30, 2021. |
Business Acquisition
Business Acquisition | 6 Months Ended |
Jun. 30, 2021 | |
Business Combinations [Abstract] | |
Business Acquisition | Business Acquisition BHE GT&S Acquisition Transaction Description On November 1, 2020, BHE completed its acquisition of substantially all of the natural gas transmission and storage business of Dominion Energy, Inc. ("DEI") and Dominion Energy Questar Corporation ("Dominion Questar"), exclusive of Dominion Energy Questar Pipeline, LLC and related entities (the "Questar Pipeline Group") (the "GT&S Transaction"). Under the terms of the Purchase and Sale Agreement, dated July 3, 2020 (the "GT&S Purchase Agreement"), BHE paid approximately $2.5 billion in cash, after post-closing adjustments (the "GT&S Cash Consideration"), and assumed approximately $5.6 billion of existing indebtedness for borrowed money, including fair value adjustments, for 100% of the equity interests of Eastern Gas Transmission and Storage, Inc. ("EGTS") (formerly known as Dominion Energy Transmission, Inc.) and Carolina Gas Transmission, LLC (formerly known as Dominion Energy Carolina Gas Transmission, LLC); 50% of the equity interests of Iroquois Gas Transmission System L.P. ("Iroquois"); and a 25% economic interest in Cove Point LNG, LP ("Cove Point") (formerly known as Dominion Energy Cove Point LNG, LP), consisting of 100% of the general partnership interest and 25% of the total limited partnership interests. BHE became the operator of Cove Point after the GT&S Transaction. The GT&S Transaction received clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Approval") in October 2020, and approval by the Department of Energy with respect to a change in control of Cove Point and the Federal Communications Commission with respect to the transfer of certain licenses earlier in 2020. The assets acquired in the GT&S Transaction include (i) approximately 5,400 miles of operated natural gas transmission, gathering and storage pipelines with approximately 12.5 billion cubic feet ("Bcf") per day of design capacity; (ii) 420 Bcf of operated natural gas storage design capacity, of which 306 Bcf is owned by BHE GT&S; and (iii) an LNG export, import and storage facility with LNG storage capacity of approximately 14.6 billions of cubic feet equivalent. On October 5, 2020, DEI and Dominion Questar, as permitted under the terms of the GT&S Purchase Agreement, delivered notice to BHE of their election to terminate the GT&S Transaction with respect to the Questar Pipeline Group and, in connection with the execution of the Q-Pipe Purchase Agreement referenced below, to waive the related termination fee under the GT&S Purchase Agreement. Also on October 5, 2020, BHE entered into a second Purchase and Sale Agreement (the "Q-Pipe Purchase Agreement") with Dominion Questar providing for BHE's purchase of the Questar Pipeline Group from Dominion Questar (the "Q-Pipe Transaction") after receipt of HSR Approval for a cash purchase price of approximately $1.3 billion (the "Q-Pipe Cash Consideration"), subject to adjustment for cash and indebtedness as of the closing, and the assumption of approximately $430 million of existing indebtedness for borrowed money. DEI is also a party to the Q-Pipe Purchase Agreement, as guarantor for certain provisions regarding the Purchase Price Repayment Amount (as defined below) and other matters. Under the Q-Pipe Purchase Agreement, BHE delivered the Q-Pipe Cash Consideration of approximately $1.3 billion, which is included in other current assets on the Consolidated Balance Sheet as of June 30, 2021 and December 31, 2020, to Dominion Questar on November 2, 2020. Pursuant to the Q-Pipe Purchase Agreement, Dominion Questar agreed that, if the Q-Pipe Transaction did not close, it would repay all or (depending upon the repayment date) substantially all of the Q-Pipe Cash Consideration (the "Purchase Price Repayment Amount") to BHE on or prior to December 31, 2021. On July 9, 2021, Dominion Questar and DEI delivered a written notice to BHE stating that BHE and Dominion Questar have mutually elected to terminate the Q-Pipe Purchase Agreement. On July 14, 2021, BHE received the Purchase Price Repayment Amount of approximately $1.3 billion in cash. Included in BHE's Consolidated Statement of Operations within the BHE Pipeline Group reportable segment for the three- and six-month periods ended June 30, 2021, is operating revenue of $487 million and $1,047 million, respectively and net income attributable to BHE shareholders of $66 million and $173 million, respectively, as a result of including BHE GT&S from November 1, 2020. Preliminary Allocation of Purchase Price BHE GT&S' assets acquired and liabilities assumed were measured at estimated fair value at closing. The majority of BHE GT&S' operations are subject to the rate-setting authority of the Federal Energy Regulatory Commission ("FERC") and are accounted for pursuant to GAAP, including the authoritative guidance for regulated operations. The rate-setting and cost-recovery provisions provide for revenues derived from costs, including a return on investment of assets and liabilities included in rate base. As such, the fair value of BHE GT&S' assets acquired and liabilities assumed subject to these rate-setting provisions are assumed to approximate their carrying values and, therefore, no fair value adjustments have been reflected related to these amounts. The fair value of BHE GT&S' assets acquired and liabilities assumed not subject to the rate-setting provisions discussed above was determined using an income and cost approach. The income approach is based on significant estimates and assumptions, including Level 3 inputs, which are judgmental in nature. The estimates and assumptions include the projected timing and amount of future cash flows, discount rates reflecting the risk inherent in the future cash flows and future market prices. Additionally, the fair value of long-term debt assumed was determined based on quoted market prices, which is considered a Level 2 fair value measurement. The fair value of certain contracts and property, plant and equipment related to non-regulated operations, certain regulatory assets and other items included in rate base, an equity method investment and deferred income tax amounts are provisional and are subject to revision for up to 12 months following the acquisition date until the related valuations are completed. These items may be adjusted through regulatory assets or liabilities, to the extent recoverable in rates, or goodwill provided additional information is obtained about the facts and circumstances that existed as of the acquisition date. Such information includes, but is not limited to, the receipt of further information regarding the fair value of the contracts and property, plant and equipment related to non-regulated operations, the equity method investment and any associated deferred income tax amounts as well as the evolution of the rate-making process for regulated operations. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Current assets, including cash and cash equivalents of $104 $ 582 Property, plant and equipment 9,264 Goodwill 1,741 Regulatory assets 108 Deferred income taxes 284 Other long-term assets 1,424 Total assets 13,403 Current liabilities, including current portion of long-term debt of $1,200 1,616 Long-term debt, less current portion 4,415 Regulatory liabilities 650 Other long-term liabilities 292 Total liabilities 6,973 Noncontrolling interest 3,916 Net assets acquired $ 2,514 During the six-month period ended June 30, 2021, the Company made revisions to certain contracts and property, plant and equipment related to non-regulated operations, the equity method investment and associated deferred income tax amounts based upon the receipt of additional information about the facts and circumstances that existed as of the acquisition date. Provisional amounts are subject to further revision for up to 12 months following the acquisition date until the related valuations are completed. Goodwill The excess of the purchase price paid over the estimated fair values of the identifiable assets acquired and liabilities assumed totaled $1.7 billion and is reflected as goodwill in the BHE Pipeline Group reportable segment. The goodwill reflects the value paid primarily for the long-term opportunity to improve operating results through the efficient management of operating expenses and the deployment of capital. Goodwill is not amortized, but rather is reviewed annually for impairment or more frequently if indicators of impairment exist. For income tax purposes, the GT&S Acquisition is treated as a deemed asset acquisition resulting from tax elections being made, therefore all tax goodwill is deductible. Due to book and tax basis differences of certain items, book and tax goodwill will differ. The amount of tax goodwill is approximately $0.9 billion and will be amortized over 15 years. Pro Forma Financial Information The following unaudited pro forma financial information reflects the consolidated results of operations of BHE and the amortization of the purchase price adjustments assuming the acquisition had taken place on January 1, 2019, excluding non-recurring transaction costs incurred by BHE during 2020 (in millions): Six-Month Period Ended June 30, 2020 Operating revenue $ 10,120 Net income attributable to BHE shareholders $ 1,616 |
Cash and Cash Equivalents and R
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | 6 Months Ended |
Jun. 30, 2021 | |
PAC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents consist substantially of funds representing vendor retention, custodial and nuclear decommissioning funds. Restricted amounts are included in other current assets and other assets on the Consolidated Balance Sheets. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 44 $ 13 Restricted cash included in other current assets 3 4 Restricted cash included in other assets 3 2 Total cash and cash equivalents and restricted cash and cash equivalents $ 50 $ 19 |
MEC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist substantially of funds restricted for wildlife preservation. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 30 $ 38 Restricted cash and cash equivalents in other current assets 8 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 38 $ 45 |
MidAmerican Funding, LLC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist substantially of funds restricted for wildlife preservation. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 31 $ 39 Restricted cash and cash equivalents in other current assets 8 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 39 $ 46 |
NPC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist of funds restricted by the Public Utilities Commission of Nevada ("PUCN") for a certain renewable energy contract. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 79 $ 25 Restricted cash and cash equivalents included in other current assets 9 11 Total cash and cash equivalents and restricted cash and cash equivalents $ 88 $ 36 |
SPPC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents | Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist of funds restricted by the Public Utilities Commission of Nevada ("PUCN") for a certain renewable energy contract. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 9 $ 19 Restricted cash and cash equivalents included in other current assets 6 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 15 $ 26 |
Property, Plant and Equipment,
Property, Plant and Equipment, Net | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of Depreciable June 30, December 31, Life 2021 2020 Regulated assets: Utility generation, transmission and distribution systems 5-80 years $ 88,748 $ 86,730 Interstate natural gas pipeline assets 3-80 years 16,772 16,667 105,520 103,397 Accumulated depreciation and amortization (31,935) (30,662) Regulated assets, net 73,585 72,735 Nonregulated assets: Independent power plants 5-30 years 7,058 7,012 Other assets 3-40 years 5,911 5,659 12,969 12,671 Accumulated depreciation and amortization (2,819) (2,586) Nonregulated assets, net 10,150 10,085 Net operating assets 83,735 82,820 Construction work-in-progress 3,887 3,308 Property, plant and equipment, net $ 87,622 $ 86,128 Construction work-in-progress includes $3.5 billion as of June 30, 2021 and $3.2 billion as of December 31, 2020, related to the construction of regulated assets. |
PAC | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility Plant: Generation 15 - 59 years $ 13,592 $ 12,861 Transmission 60 - 90 years 7,740 7,632 Distribution 20 - 75 years 7,815 7,660 Intangible plant (1) 5 - 75 years 1,081 1,054 Other 5 - 60 years 1,529 1,510 Utility plant in service 31,757 30,717 Accumulated depreciation and amortization (10,180) (9,838) Utility plant in service, net 21,577 20,879 Other non-regulated, net of accumulated depreciation and amortization 14 - 95 years 9 9 Plant, net 21,586 20,888 Construction work-in-progress 1,089 1,542 Property, plant and equipment, net $ 22,675 $ 22,430 (1) Computer software costs included in intangible plant are initially assigned a depreciable life of 5 to 10 years. Effective January 1, 2021, PacifiCorp revised its depreciation rates based on its recent depreciation study that was approved by its state regulatory commissions, other than in California. The approved depreciation rates resulted in an increase in depreciation expense of approximately $44 million for the three-month period ended June 30, 2021 as compared to the three-month period ended June 30, 2020, and $81 million for the six-month period ended June 30, 2021 compared to the six-month period ended June 30, 2020 based on historical property, plant and equipment balances and including depreciation of certain coal-fueled generating units in Washington over accelerated periods. |
MEC | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility plant in service, net: Generation 20-70 years $ 17,083 $ 16,980 Transmission 52-75 years 2,364 2,365 Electric distribution 20-75 years 4,468 4,369 Natural gas distribution 29-75 years 1,988 1,955 Utility plant in service 25,903 25,669 Accumulated depreciation and amortization (7,241) (6,902) Utility plant in service, net 18,662 18,767 Nonregulated property, net: Nonregulated property gross 20-50 years 7 7 Accumulated depreciation and amortization (1) (1) Nonregulated property, net 6 6 18,668 18,773 Construction work-in-progress 805 506 Property, plant and equipment, net $ 19,473 $ 19,279 |
MidAmerican Funding, LLC | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, NetRefer to Note 3 of MidAmerican Energy's Notes to Financial Statements. |
NPC | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of Depreciable Life June 30, December 31, 2021 2020 Utility plant: Generation 30 - 55 years $ 3,776 $ 3,690 Transmission 45 - 70 years 1,483 1,468 Distribution 20 - 65 years 3,836 3,771 General and intangible plant 5 - 65 years 800 791 Utility plant 9,895 9,720 Accumulated depreciation and amortization (3,285) (3,162) Utility plant, net 6,610 6,558 Other non-regulated, net of accumulated depreciation and amortization 45 years 1 1 Plant, net 6,611 6,559 Construction work-in-progress 202 142 Property, plant and equipment, net $ 6,813 $ 6,701 |
SPPC | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of Depreciable Life June 30, December 31, 2021 2020 Utility plant: Electric generation 25 - 60 years $ 1,140 $ 1,130 Electric transmission 50 - 100 years 917 908 Electric distribution 20 - 100 years 1,774 1,754 Electric general and intangible plant 5 - 70 years 191 189 Natural gas distribution 35 - 70 years 432 429 Natural gas general and intangible plant 5 - 70 years 15 15 Common general 5 - 70 years 357 355 Utility plant 4,826 4,780 Accumulated depreciation and amortization (1,806) (1,755) Utility plant, net 3,020 3,025 Other non-regulated, net of accumulated depreciation and amortization 70 years 2 2 Plant, net 3,022 3,027 Construction work-in-progress 210 137 Property, plant and equipment, net $ 3,232 $ 3,164 |
EEGH | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility Plant: Interstate natural gas pipeline assets 24 - 43 years $ 8,457 $ 8,382 Intangible plant 5 - 10 years 111 115 Utility plant in service 8,568 8,497 Accumulated depreciation and amortization (2,816) (2,759) Utility plant in service, net 5,752 5,738 Nonutility Plant: LNG facility 40 years 4,465 4,454 Intangible plant 14 years 25 25 Nonutility plant in service 4,490 4,479 Accumulated depreciation and amortization (366) (283) Nonutility plant in service, net 4,124 4,196 Plant, net 9,876 9,934 Construction work-in-progress 259 210 Property, plant and equipment, net $ 10,135 $ 10,144 Construction work-in-progress includes $246 million and $196 million as of June 30, 2021 and December 31, 2020, respectively, related to the construction of utility plant. |
Investments and Restricted Cash
Investments and Restricted Cash and Cash Equivalents and Investments | 6 Months Ended |
Jun. 30, 2021 | |
Restricted Cash and Cash Equivalents Items [Line Items] | |
Investments and Restricted Cash and Cash Equivalents and Investments | Investments and Restricted Cash and Cash Equivalents and Investments Investments and restricted cash and cash equivalents and investments consists of the following (in millions): As of June 30, December 31, 2021 2020 Investments: BYD Company Limited common stock $ 6,727 $ 5,897 Rabbi trusts 472 440 Other 299 263 Total investments 7,498 6,600 Equity method investments: BHE Renewables tax equity investments 5,302 5,626 Iroquois Gas Transmission System, L.P. 584 580 Electric Transmission Texas, LLC 571 594 JAX LNG, LLC 86 75 Bridger Coal Company 71 74 Other 145 118 Total equity method investments 6,759 7,067 Restricted cash and cash equivalents and investments: Quad Cities Station nuclear decommissioning trust funds 728 676 Other restricted cash and cash equivalents 169 155 Total restricted cash and cash equivalents and investments 897 831 Total investments and restricted cash and cash equivalents and investments $ 15,154 $ 14,498 Reflected as: Current assets $ 194 $ 178 Noncurrent assets 14,960 14,320 Total investments and restricted cash and cash equivalents and investments $ 15,154 $ 14,498 Investments Gains on marketable securities, net recognized during the period consists of the following (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Unrealized gains recognized on marketable securities still held at the reporting date $ 1,966 $ 584 $ 847 $ 609 Net (losses) gains recognized on marketable securities sold during the period — (1) 1 1 Gains on marketable securities, net $ 1,966 $ 583 $ 848 $ 610 Equity Method Investments The Company has invested in projects sponsored by third parties, commonly referred to as tax equity investments. Once a project achieves commercial operation, the Company enters into a partnership agreement with the project sponsor that directs and allocates the operating profits and tax benefits from the project. Certain of the Company's tax equity investments are located in Texas and have physical settlement hedge obligations that were negatively impacted due to production shortfalls during periods of extreme market pricing volatility as a result of the February 2021 polar vortex weather event. The Company recognized pre-tax equity losses of $305 million, or after-tax income of $70 million inclusive of production tax credits ("PTCs") of $306 million and other income tax benefits of $67 million, during the six-month period ended June 30, 2021, on its tax equity investments, largely due to the February 2021 polar vortex weather event. The losses for the impacted tax equity investments were based upon the terms of each partnership agreement, as amended, and are subject to change as project-by-project discussions are ongoing among the Company and the respective hedge provider and project sponsor. As of June 30, 2021, the carrying value of the impacted tax equity investments totaled $2.8 billion. Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist substantially of funds restricted for the purpose of constructing solid waste facilities under tax-exempt bond obligation agreements and debt service obligations for certain of the Company's nonregulated renewable energy projects. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 1,331 $ 1,290 Restricted cash and cash equivalents 154 140 Investments and restricted cash and cash equivalents and investments 15 15 Total cash and cash equivalents and restricted cash and cash equivalents $ 1,500 $ 1,445 |
EEGH | |
Restricted Cash and Cash Equivalents Items [Line Items] | |
Investments and Restricted Cash and Cash Equivalents and Investments | Investments and Restricted Cash and Cash Equivalents Investments and restricted cash and cash equivalents consists of the following (in millions): As of June 30, December 31, 2021 2020 Investments: Investment funds $ 13 $ — Equity method investments: Iroquois 247 244 Total investments 260 244 Restricted cash and cash equivalents: Customer deposits 11 13 Total restricted cash and cash equivalents 11 13 Total investments and restricted cash and cash equivalents $ 271 $ 257 Reflected as: Current assets $ 11 $ 13 Noncurrent assets 260 244 Total investments and restricted cash and cash equivalents $ 271 $ 257 Equity Method Investments Eastern Energy Gas, through a subsidiary, owns 50% of Iroquois, which owns and operates an interstate natural gas pipeline located in the states of New York and Connecticut. Prior to the GT&S Transaction, Eastern Energy Gas, through the Questar Pipeline Group, owned 50% of White River Hub, which owns and operates a natural gas pipeline in northwest Colorado. As of June 30, 2021 and December 31, 2020, the carrying amount of Eastern Energy Gas' investments exceeded its share of underlying equity in net assets by $130 million. The difference reflects equity method goodwill and is not being amortized. Eastern Energy Gas received distributions from its investments of $20 million and $25 million for the six-month periods ended June 30, 2021 and 2020, respectively. Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020 consist of customer deposits as allowed under the FERC gas tariffs. A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 86 $ 35 Restricted cash and cash equivalents 11 13 Total cash and cash equivalents and restricted cash and cash equivalents $ 97 $ 48 |
Regulatory Matters
Regulatory Matters | 6 Months Ended |
Jun. 30, 2021 | |
MEC | |
Schedule Of Regulatory Assets and Liabilities [Line Items] | |
Regulatory Matters | Regulatory Matters Natural Gas Purchased for Resale In February 2021, severe cold weather over the central United States caused disruptions in natural gas supply from the southern part of the United States. These disruptions, combined with increased demand, resulted in historically high prices for natural gas purchased for resale to MidAmerican Energy's retail customers and caused an approximate $245 million increase in natural gas costs above those normally expected. These increased costs are reflected in cost of natural gas purchased for resale and other on the Statement of Operations and their recovery through the Purchased Gas Adjustment Clause is reflected in regulated natural gas and other revenue. To mitigate the impact to MidAmerican Energy's customers, the Iowa Utilities Board ordered the recovery of these higher costs to be applied to customer bills over the period April 2021 through April 2022 based on a customer's monthly natural gas usage. While sufficient liquidity is available to MidAmerican Energy, the increased costs and longer recovery period resulted in higher working capital requirements during the six-month period ended June 30, 2021. |
MidAmerican Funding, LLC | |
Schedule Of Regulatory Assets and Liabilities [Line Items] | |
Regulatory Matters | Regulatory MattersRefer to Note 4 of MidAmerican Energy's Notes to Financial Statements. |
EEGH | |
Schedule Of Regulatory Assets and Liabilities [Line Items] | |
Regulatory Matters | Regulatory Matters Eastern Gas Transmission and Storage, Inc. In July 2017, the FERC audit staff communicated to Eastern Gas Transmission and Storage, Inc. ("EGTS") that it had substantially completed an audit of EGTS' compliance with the accounting and reporting requirements of the FERC's Uniform System of Accounts and provided a description of matters and preliminary recommendations. In November 2017, the FERC audit staff issued its audit report. In December 2017, EGTS provided its response to the audit report. EGTS requested FERC review of the contested findings and submitted its plan for compliance with the uncontested portions of the report. EGTS reached resolution of certain matters with the FERC in the fourth quarter of 2018. EGTS recognized a charge of $129 million ($94 million after-tax) for the year ended December 31, 2018 for a disallowance of plant, originally established beginning in 2012, for the resolution of one matter with the FERC. In December 2020, the FERC issued a final ruling on the remaining matter, which resulted in a $43 million ($31 million after-tax) estimated charge for disallowance of capitalized allowance for funds used during construction. As a condition of the December 2020 ruling, EGTS filed its proposed accounting entries and supporting documentation with the FERC during the second quarter of 2021. During the finalization of these entries, EGTS refined the estimated charge for disallowance of capitalized allowance for funds used during construction, which resulted in a reduction to the estimated charge of $11 million ($8 million after-tax) that was recorded in operations and maintenance expense in its Consolidated Statements of Operations in the second quarter of 2021. In December 2014, EGTS entered into a precedent agreement with Atlantic Coast Pipeline, LLC ("Atlantic Coast Pipeline") for the project previously intended for EGTS to provide approximately 1,500,000 decatherms ("Dth") of firm transportation service to various customers in connection with the Atlantic Coast Pipeline project ("Supply Header Project"). As a result of the cancellation of the Atlantic Coast Pipeline project, in the second quarter of 2020 Eastern Energy Gas recorded a charge of $482 million ($359 million after-tax) in operations and maintenance expense in its Consolidated Statements of Operations associated with the probable abandonment of a significant portion of the project as well as the establishment of a $75 million asset retirement obligation. As EGTS evaluates its future use, approximately $40 million remains within property, plant and equipment for a potential modified project. Cove Point In January 2020, pursuant to the terms of a previous settlement, Cove Point filed a general rate case for its FERC-jurisdictional services, with proposed rates to be effective March 1, 2020. Cove Point proposed an annual cost-of-service of $182 million. In February 2020, the FERC approved suspending the changes in rates for five months following the proposed effective date, until August 1, 2020, subject to refund. In November 2020, Cove Point reached an agreement in principle with the active participants in the general rate case proceeding. Under the terms of the agreement in principle, Cove Point's rates effective August 1, 2020 result in an increase to annual revenues of $4 million and a decrease in annual depreciation expense of $1 million, compared to the rates in effect prior to August 1, 2020. The interim settlement rates were implemented November 1, 2020, and Cove Point's provision for rate refunds for August 2020 through October 2020 totaled $7 million. The agreement in principle was reflected in a stipulation and agreement filed with the FERC in January 2021. In March 2021, the FERC approved the stipulation and agreement and the rate refunds to customers were processed in late April 2021. |
Recent Financing Transactions
Recent Financing Transactions | 6 Months Ended |
Jun. 30, 2021 | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions Long-Term Debt In July 2021, MidAmerican Energy issued $500 million of its 2.70% First Mortgage Bonds due August 2052. MidAmerican Energy used the net proceeds to finance a portion of the capital expenditures, disbursed during the period from July 22, 2019 to September 27, 2019, with respect to investments in its 2,000-megawatt Wind XI project, its 592-megawatt Wind XII project, its 207-megawatt Wind XII Expansion project and the repowering of certain of its existing wind-powered generating facilities, which were previously financed with MidAmerican Energy's general funds. In July 2021, PacifiCorp issued $1 billion of its 2.90% First Mortgage Bonds due June 2052. PacifiCorp used the net proceeds to finance a portion of the capital expenditures disbursed during the period from July 1, 2019 to May 31, 2021 with respect to investments, primarily from the Energy Vision 2020 initiative, in the repowering of certain of its existing wind-powered generating facilities and the construction and acquisition of new wind-powered generating facilities, which were previously financed with PacifiCorp's general funds. On June 30, 2021, as part of an intercompany transaction with its wholly owned subsidiary EGTS, Eastern Energy Gas exchanged a total of $1.6 billion of its issued and outstanding third party notes, making EGTS the primary obligor of the exchanged notes. The intercompany debt exchange was a common control transaction accounted for as a debt modification with no gain or loss recognized in the Consolidated Financial Statements. In April 2021, Northern Natural Gas issued $550 million of 3.40% Senior Bonds due October 2051. Northern Natural Gas used the net proceeds to early redeem in April 2021 all of its $200 million, 4.25% Senior Notes originally due June 2021 and for general corporate purposes. Credit Facilities In June 2021, BHE amended and restated its existing $3.5 billion unsecured credit facility expiring in June 2022 with one remaining one-year extension option. The amendment extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. In June 2021, PacifiCorp terminated, upon lender consent, its existing $600 million unsecured credit facility expiring in June 2022. In June 2021, PacifiCorp amended and restated its other existing $600 million unsecured credit facility expiring in June 2022 with one remaining one-year extension option. The amendment increased the lender commitment to $1.2 billion, extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. In June 2021, MidAmerican Energy amended and restated its existing $900 million unsecured credit facility expiring in June 2022. The amendment increased the commitment of the lenders to $1.5 billion, extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to consent of the lenders. Additionally, in June 2021, MidAmerican Energy terminated its existing $600 million unsecured credit facility expiring in August 2021. In June 2021, Nevada Power and Sierra Pacific each amended and restated its existing $400 million and $250 million secured credit facilities, respectively, expiring in June 2022 with no remaining one-year extension options. The amendments extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. In May 2021, AltaLink, L.P. extended, with lender consent, the expiration date for its existing C$75 million and C$500 million secured credit facilities to December 2025 by exercising an available one-year extension option. In May 2021, AltaLink Investments, L.P. extended, with lender consent, the expiration date for its existing C$300 million unsecured credit facility to December 2025 by exercising an available one-year extension option. In April 2021, AltaLink Investments, L.P. extended, with lender consent, the expiration date for its existing C$200 million one-year revolving credit facility to April 2022, by exercising a one-year extension option. |
PAC | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions Long-term Debt In July 2021, PacifiCorp issued $1 billion of its 2.90% First Mortgage Bonds due June 2052. PacifiCorp used the net proceeds to finance a portion of the capital expenditures disbursed during the period from July 1, 2019 to May 31, 2021 with respect to investments, primarily from the Energy Vision 2020 initiative, in the repowering of certain of its existing wind-powered generating facilities and the construction and acquisition of new wind-powered generating facilities, which were previously financed with PacifiCorp's general funds. Credit Facilities In June 2021, PacifiCorp terminated, upon lender consent, its existing $600 million unsecured credit facility expiring in June 2022. In June 2021, PacifiCorp amended and restated its other existing $600 million unsecured credit facility expiring in June 2022 with one remaining one-year extension option. The amendment increased the lender commitment to $1.2 billion, extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. |
MEC | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions Long-Term Debt In July 2021, MidAmerican Energy issued $500 million of its 2.70% First Mortgage Bonds due August 2052. MidAmerican Energy used the net proceeds to finance a portion of the capital expenditures, disbursed during the period from July 22, 2019 to September 27, 2019, with respect to investments in its 2,000-megawatt Wind XI project, its 592-megawatt Wind XII project, its 207-megawatt Wind XII Expansion project and the repowering of certain of its existing wind-powered generating facilities, which were previously financed with MidAmerican Energy's general funds. Credit Facilities In June 2021, MidAmerican Energy amended and restated its existing $900 million unsecured credit facility expiring in June 2022. The amendment increased the commitment of the lenders to $1.5 billion, extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to consent of the lenders. Additionally, in June 2021, MidAmerican Energy terminated its existing $600 million unsecured credit facility expiring in August 2021. |
MidAmerican Funding, LLC | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing TransactionsRefer to Note 5 of MidAmerican Energy's Notes to Financial Statements. |
NPC | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions Credit Facilities In June 2021, Nevada Power amended and restated its existing $400 million secured credit facility expiring in June 2022 with no remaining one-year extension options. The amendment extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. |
SPPC | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions Credit Facilities In June 2021, Sierra Pacific amended and restated its existing $250 million secured credit facility expiring in June 2022 with no remaining one-year extension options. The amendment extended the expiration date to June 2024 and increased the available maturity extension options to an unlimited number, subject to lender consent. |
EEGH | |
Debt Instrument [Line Items] | |
Recent Financing Transactions | Recent Financing Transactions On June 30, 2021, as part of an intercompany transaction with its wholly owned subsidiary EGTS, Eastern Energy Gas exchanged a total of $1.6 billion of its issued and outstanding third party notes, making EGTS the primary obligor of the exchanged notes. The intercompany debt exchange was a common control transaction accounted for as a debt modification with no gain or loss recognized in the Consolidated Financial Statements. The following table details the exchanged notes prior to, and subsequent to, the transaction (in millions): Prior to Exchange Subsequent to Exchange Eastern Energy Gas Par Value Eastern Energy Gas Par Value EGTS 3.6% Senior Notes due 2024 $ 450 $ 339 $ 111 3.0% Senior Notes due 2029 600 174 426 4.8% Senior Notes due 2043 400 54 346 4.6% Senior Notes due 2044 500 56 444 3.9% Senior Notes due 2049 300 27 273 $ 2,250 $ 650 $ 1,600 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense (benefit) is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (13) (20) (27) (28) State income tax, net of federal income tax impacts 4 2 2 1 Income tax effect of foreign income 3 (2) 3 (2) Effects of ratemaking (2) (1) (4) (3) Equity income — (1) (2) (1) Noncontrolling interest (1) — (2) — Other, net — — 1 — Effective income tax rate 12 % (1) % (8) % (12) % Income tax credits relate primarily to PTCs from wind-powered generating facilities owned by MidAmerican Energy, PacifiCorp and BHE Renewables. Federal renewable electricity PTCs are earned as energy from qualifying wind-powered generating facilities is produced and sold and are based on a per-kilowatt hour rate pursuant to the applicable federal income tax law. Wind-powered generating facilities are eligible for the credits for 10 years from the date the qualifying generating facilities are placed in-service. PTCs for the six-month periods ended June 30, 2021 and 2020 totaled $678 million and $454 million, respectively. Income tax effect on foreign income includes, among other items, a deferred income tax charge of $109 million recognized in June 2021 upon the enactment of an increase in the United Kingdom's corporate income tax rate from 19% to 25% effective April 1, 2023. The Company's provision for income taxes has been computed on a stand-alone basis. Berkshire Hathaway includes the Company in its consolidated United States federal and Iowa state income tax returns and the majority of the Company's United States federal income tax is remitted to or received from Berkshire Hathaway. The Company received net cash payments for federal income taxes from Berkshire Hathaway totaling $943 million for the six-month period ended June 30, 2021 and made payments for federal income taxes to Berkshire Hathaway totaling $100 million for the six-month period ended June 30, 2020. |
PAC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % State income tax, net of federal income tax benefit 4 3 4 3 Federal income tax credits (19) (9) (19) (10) Effects of ratemaking (15) (2) (14) (11) Other — 1 — — Effective income tax rate (9) % 14 % (8) % 3 % Income tax credits relate primarily to production tax credits ("PTC") earned by PacifiCorp's wind-powered generating facilities. Federal renewable electricity PTCs are earned as energy from qualifying wind-powered generating facilities is produced and sold and are based on a per-kilowatt hour rate pursuant to the applicable federal income tax law. Wind-powered generating facilities are eligible for the credits for 10 years from the date the qualifying generating facilities are placed in-service. Effects of ratemaking for the three- and six-month periods ended June 30, 2021 and 2020 is primarily attributable to the activity associated with excess deferred income taxes, including the use of excess deferred income taxes of $3 million to amortize certain regulatory asset balances in Wyoming during the six-month period ended June 30, 2021 and $30 million to accelerate depreciation of certain retired wind equipment in Oregon during the six-month period ended June 30, 2020. Berkshire Hathaway includes BHE and its subsidiaries in its United States federal income tax return. Consistent with established regulatory practice, PacifiCorp's provision for federal and state income tax has been computed on a stand-alone basis, and substantially all of its currently payable or receivable income tax is remitted to or received from BHE. For the six-month period ended June 30, 2021 PacifiCorp received net cash payments for federal and state income tax from BHE totaling $93 million. For the six-month period ended June 30, 2020 PacifiCorp made net cash payments for federal and state income tax to BHE totaling $42 million. |
MEC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to MidAmerican Energy's effective income tax rate applicable to income before income tax benefit is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (271) (186) (634) (257) State income tax, net of federal income tax impacts (31) (35) (32) (33) Effects of ratemaking (15) (9) (21) (7) Other, net 2 2 — 1 Effective income tax rate (294) % (207) % (666) % (275) % Income tax credits relate primarily to production tax credits ("PTCs") from MidAmerican Energy's wind-powered generating facilities. Federal renewable electricity PTCs are earned as energy from qualifying wind-powered generating facilities is produced and sold and are based on a per-kilowatt hour rate pursuant to the applicable federal income tax law. MidAmerican Energy recognizes its renewable electricity PTCs throughout the year based on when the credits are earned and excludes them from the annual effective tax rate that is the basis for the interim recognition of other income tax expense. Wind-powered generating facilities are eligible for the credits for 10 years from the date the qualifying generating facilities are placed in-service. PTCs for the three-month periods ended June 30, 2021 and 2020 totaled $146 million and $127 million, respectively, and for the six-month periods ended June 30, 2021 and 2020 totaled $297 million and $247 million, respectively. |
MidAmerican Funding, LLC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to MidAmerican Funding's effective income tax rate applicable to income before income tax benefit is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (286) (192) (764) (269) State income tax, net of federal income tax impacts (33) (37) (41) (35) Effects of ratemaking (16) (9) (26) (7) Other, net — 2 — 1 Effective income tax rate (314) % (215) % (810) % (289) % Income tax credits relate primarily to production tax credits ("PTCs") from MidAmerican Energy's wind-powered generating facilities. Federal renewable electricity PTCs are earned as energy from qualifying wind-powered generating facilities is produced and sold and are based on a per-kilowatt hour rate pursuant to the applicable federal income tax law. MidAmerican Funding recognizes its renewable electricity PTCs throughout the year based on when the credits are earned and excludes them from the annual effective tax rate that is the basis for the interim recognition of other income tax expense. Wind-powered generating facilities are eligible for the credits for 10 years from the date the qualifying generating facilities are placed in-service. PTCs for the three-month periods ended June 30, 2021 and 2020 totaled $146 million and $127 million, respectively, and for the six-month periods ended June 30, 2021 and 2020 totaled $297 million and $247 million, respectively. Berkshire Hathaway includes BHE and subsidiaries in its United States federal and Iowa state income tax returns. Consistent with established regulatory practice, MidAmerican Funding's and MidAmerican Energy's provisions for income tax have been computed on a stand-alone basis, and substantially all of their currently payable or receivable income tax is remitted to or received from BHE. The timing of MidAmerican Funding's income tax cash flows from period to period can be significantly affected by the estimated federal income tax payment methods and assumptions for each payment date. MidAmerican Funding received net cash payments for income tax from BHE totaling $560 million for the six-month period ended June 30, 2021, and made net cash payments for income tax to BHE totaling $19 million for the six-month period ended June 30, 2020. |
NPC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Effects of ratemaking (11) 1 (11) 1 Effective income tax rate 10 % 22 % 10 % 22 % Effects of ratemaking is primarily attributable to the recognition of excess deferred income taxes related to the 2017 Tax Cuts and Jobs Act pursuant to an order issued by the PUCN effective January 1, 2021. |
SPPC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Effects of ratemaking (11) (14) (9) (10) Income tax credits (1) — — — Other (3) — (2) (1) Effective income tax rate 6 % 7 % 10 % 10 % Effects of ratemaking is primarily attributable to the recognition of excess deferred income taxes related to the 2017 Tax Cuts and Jobs Act pursuant to an order issued by the PUCN effective January 1, 2020. |
EEGH | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Income Taxes | Income Taxes A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % State income tax, net of federal income tax benefit 2 11 3 114 Equity interest 1 (1) 1 (27) Effects of ratemaking (1) 1 (1) 17 AFUDC-equity — — — 11 Noncontrolling interest (12) 3 (11) 78 Write-off of regulatory assets — (3) — (39) Other, net 2 — — 1 Effective income tax rate 13 % 32 % 13 % 176 % Noncontrolling interest is attributable to Eastern Energy Gas' ownership in Cove Point. The GT&S Transaction resulted in a change of noncontrolling interest to 75% as of June 30, 2021 from 25% as of June 30, 2020. Additionally, Eastern Energy Gas' effective tax rate for the period ended June 30, 2020 is primarily a function of the impacts associated with the cancellation of the Atlantic Coast Pipeline project and the nominal year-to date pre-tax income driven by charges associated with the Supply Header Project. Through October 31, 2020, Eastern Energy Gas was included in DEI's consolidated federal income tax return and, where applicable, combined state income tax returns. All affiliate payables or receivables were settled with DEI prior to the closing date of the GT&S Transaction. Subsequent to the GT&S Transaction, Eastern Energy Gas, as a subsidiary of BHE, is included in Berkshire Hathaway's United States federal income tax return. Consistent with established regulatory practice, Eastern Energy Gas' provisions for income tax have been computed on a stand-alone basis, and substantially all of its currently payable or receivable income tax is remitted to or received from BHE. Eastern Energy Gas made net cash payments for income tax to BHE totaling $5 million for the six-month period ended June 30, 2021. |
Employee Benefit Plans
Employee Benefit Plans | 6 Months Ended |
Jun. 30, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans Domestic Operations Net periodic benefit cost (credit) for the domestic pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ 8 $ 4 $ 15 $ 7 Interest cost 18 23 38 46 Expected return on plan assets (36) (35) (69) (70) Net amortization 7 8 13 17 Net periodic benefit credit $ (3) $ — $ (3) $ — Other postretirement: Service cost $ 4 $ 3 $ 6 $ 4 Interest cost 5 4 10 10 Expected return on plan assets (6) (7) (11) (16) Net amortization (1) (3) (2) (4) Net periodic benefit cost (credit) $ 2 $ (3) $ 3 $ (6) Amounts other than the service cost for pension and other postretirement benefit plans are recorded in Other, net in the Consolidated Statements of Operations. Employer contributions to the domestic pension and other postretirement benefit plans are expected to be $13 million and $13 million, respectively, during 2021. As of June 30, 2021, $7 million and $6 million of contributions had been made to the domestic pension and other postretirement benefit plans, respectively. Foreign Operations Net periodic benefit credit for the United Kingdom pension plan included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Service cost $ 4 $ 4 $ 8 $ 8 Interest cost 7 10 15 20 Expected return on plan assets (28) (25) (56) (50) Net amortization 14 11 28 21 Net periodic benefit credit $ (3) $ — $ (5) $ (1) Amounts other than the service cost for the United Kingdom pension plan are recorded in Other, net in the Consolidated Statements of Operations. Employer contributions to the United Kingdom pension plan are expected to be £50 million during 2021. As of June 30, 2021, £14 million, or $19 million, of contributions had been made to the United Kingdom pension plan. |
PAC | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans Net periodic benefit cost (credit) for the pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ — $ — $ — $ — Interest cost 7 9 14 18 Expected return on plan assets (14) (14) (27) (28) Net amortization 5 4 10 9 Net periodic benefit credit $ (2) $ (1) $ (3) $ (1) Other postretirement: Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 2 2 4 5 Expected return on plan assets (2) (3) (4) (7) Net amortization — — — — Net periodic benefit cost (credit) $ 1 $ — $ 1 $ (1) |
MEC | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit PlansMidAmerican Energy sponsors a noncontributory defined benefit pension plan covering a majority of all employees of BHE and its domestic energy subsidiaries other than PacifiCorp and NV Energy, Inc. MidAmerican Energy also sponsors certain postretirement healthcare and life insurance benefits covering substantially all retired employees of BHE and its domestic energy subsidiaries other than PacifiCorp and NV Energy, Inc. Net periodic benefit cost (credit) for the plans of MidAmerican Energy and the aforementioned affiliates included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ 5 $ 1 $ 10 $ 2 Interest cost 5 6 11 12 Expected return on plan assets (10) (10) (19) (20) Net amortization 1 1 1 1 Net periodic benefit cost (credit) $ 1 $ (2) $ 3 $ (5) Other postretirement: Service cost $ 2 $ 1 $ 4 $ 2 Interest cost 2 1 4 3 Expected return on plan assets (3) (3) (5) (6) Net amortization (1) (2) (2) (3) Net periodic benefit (credit) cost $ — $ (3) $ 1 $ (4) Amounts other than the service cost for pension and other postretirement benefit plans are recorded in Other, net in the Statements of Operations. Employer contributions to the pension and other postretirement benefit plans are expected to be $7 million and $12 million, respectively, during 2021. As of June 30, 2021, $4 million and $6 million of contributions had been made to the pension and other postretirement benefit plans, respectively. |
MidAmerican Funding, LLC | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit PlansRefer to Note 7 of MidAmerican Energy's Notes to Financial Statements. |
NPC | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans Nevada Power is a participant in benefit plans sponsored by NV Energy. The NV Energy Retirement Plan includes a qualified pension plan ("Qualified Pension Plan") and a supplemental executive retirement plan and a restoration plan (collectively, "Non‑Qualified Pension Plans") that provide pension benefits for eligible employees. The NV Energy Comprehensive Welfare Benefit and Cafeteria Plan provides certain postretirement health care and life insurance benefits for eligible retirees ("Other Postretirement Plans") on behalf of Nevada Power. Amounts attributable to Nevada Power were allocated from NV Energy based upon the current, or in the case of retirees, previous, employment location. Offsetting regulatory assets and liabilities have been recorded related to the amounts not yet recognized as a component of net periodic benefit costs that will be included in regulated rates. Net periodic benefit costs not included in regulated rates are included in accumulated other comprehensive loss, net. Amounts receivable from (payable to) NV Energy are included on the Consolidated Balance Sheets and consist of the following (in millions): As of June 30, December 31, 2021 2020 Qualified Pension Plan: Other non-current assets $ 10 $ 8 Non-Qualified Pension Plans: Other current liabilities (1) (1) Other long-term liabilities (9) (9) Other Postretirement Plans: Other non-current assets 4 4 |
SPPC | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans Sierra Pacific is a participant in benefit plans sponsored by NV Energy. The NV Energy Retirement Plan includes a qualified pension plan ("Qualified Pension Plan") and a supplemental executive retirement plan and a restoration plan (collectively, "Non‑Qualified Pension Plans") that provide pension benefits for eligible employees. The NV Energy Comprehensive Welfare Benefit and Cafeteria Plan provides certain postretirement health care and life insurance benefits for eligible retirees ("Other Postretirement Plans") on behalf of Sierra Pacific. Amounts attributable to Sierra Pacific were allocated from NV Energy based upon the current, or in the case of retirees, previous, employment location. Offsetting regulatory assets and liabilities have been recorded related to the amounts not yet recognized as a component of net periodic benefit costs that will be included in regulated rates. Net periodic benefit costs not included in regulated rates are included in accumulated other comprehensive loss, net. Amounts receivable from (payable to) NV Energy are included on the Consolidated Balance Sheets and consist of the following (in millions): As of June 30, December 31, 2021 2020 Qualified Pension Plan: Other non-current assets $ 29 $ 26 Non-Qualified Pension Plans: Other current liabilities (1) (1) Other long-term liabilities (8) (8) Other Postretirement Plans: Other long-term liabilities (14) (13) |
EEGH | |
Defined Benefit Plan Disclosure [Line Items] | |
Employee Benefit Plans | Employee Benefit Plans Prior to the GT&S Transaction, certain Eastern Energy Gas employees not represented by collective bargaining units were covered by the Dominion Energy Pension Plan, a defined benefit pension plan sponsored by DEI that provides benefits to multiple DEI subsidiaries. As participating employers, Eastern Energy Gas was subject to DEI's funding policy, which was to contribute annually an amount that is in accordance with the Employee Retirement Income Security Act of 1974. Also prior to the GT&S Transaction, pension benefits for Eastern Energy Gas employees represented by collective bargaining units were provided by a separate plan that provides benefits to employees of both EGTS and Hope Gas, Inc. ("Hope"). Subsequent to the GT&S Transaction, Eastern Energy Gas employees are covered by the MidAmerican Energy Company ("MidAmerican Energy") Pension Plan, similar to the DEI plan. Prior to the GT&S Transaction, certain retiree healthcare and life insurance benefits for Eastern Energy Gas employees not represented by collective bargaining units were covered by the Dominion Energy Retiree Health and Welfare Plan, a plan sponsored by DEI that provides certain retiree healthcare and life insurance benefits to multiple DEI subsidiaries. Also prior to the GT&S Transaction, retiree health and life insurance benefits for Eastern Energy Gas employees represented by collective bargaining units were covered by a separate other postretirement benefit plan that provides benefits to both EGTS and Hope. Subsequent to the GT&S Transaction, Eastern Energy Gas employees are covered by the MidAmerican Energy Retiree Health and Welfare plan, similar to the DEI plan. Net periodic benefit credit for the pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ — $ 2 $ — $ 3 Interest cost — 2 — 5 Expected return on plan assets — (14) — (28) Net amortization — 2 — 4 Net periodic benefit credit $ — $ (8) $ — $ (16) Other Postretirement: Service cost $ — $ — $ — $ 1 Interest cost — 1 — 2 Expected return on plan assets — (5) — (10) Net amortization — — — (1) Net periodic benefit credit $ — $ (4) $ — $ (8) |
Risk Management and Hedging Act
Risk Management and Hedging Activities | 6 Months Ended |
Jun. 30, 2021 | |
PAC | |
Derivative [Line Items] | |
Risk Management and Hedging Activities | Risk Management and Hedging Activities PacifiCorp is exposed to the impact of market fluctuations in commodity prices and interest rates. PacifiCorp is principally exposed to electricity, natural gas, coal and fuel oil commodity price risk as it has an obligation to serve retail customer load in its service territories. PacifiCorp's load and generating facilities represent substantial underlying commodity positions. Exposures to commodity prices consist mainly of variations in the price of fuel required to generate electricity and wholesale electricity that is purchased and sold. Commodity prices are subject to wide price swings as supply and demand are impacted by, among many other unpredictable items, weather, market liquidity, generating facility availability, customer usage, storage, and transmission and transportation constraints. Interest rate risk exists on variable-rate debt and future debt issuances. PacifiCorp does not engage in a material amount of proprietary trading activities. PacifiCorp has established a risk management process that is designed to identify, manage and report each of the various types of risk involved in its business. To mitigate a portion of its commodity price risk, PacifiCorp uses commodity derivative contracts, which may include forwards, options, swaps and other agreements, to effectively secure future supply or sell future production generally at fixed prices. PacifiCorp manages its interest rate risk by limiting its exposure to variable interest rates primarily through the issuance of fixed-rate long-term debt and by monitoring market changes in interest rates. Additionally, PacifiCorp may from time to time enter into interest rate derivative contracts, such as interest rate swaps or locks, to mitigate PacifiCorp's exposure to interest rate risk. No interest rate derivatives were in place during the periods presented. PacifiCorp does not hedge all of its commodity price and interest rate risks, thereby exposing the unhedged portion to changes in market prices. There have been no significant changes in PacifiCorp's accounting policies related to derivatives. Refer to Note 8 for additional information on derivative contracts. The following table, which reflects master netting arrangements and excludes contracts that have been designated as normal under the normal purchases or normal sales exception afforded by GAAP, summarizes the fair value of PacifiCorp's derivative contracts, on a gross basis, and reconciles those amounts to the amounts presented on a net basis on the Consolidated Balance Sheets (in millions): Other Other Other Current Other Current Long-term Assets Assets Liabilities Liabilities Total As of June 30, 2021 Not designated as hedging contracts (1) : Commodity assets $ 118 $ 23 $ 7 $ — $ 148 Commodity liabilities (3) (1) (26) (16) (46) Total 115 22 (19) (16) 102 Total derivatives 115 22 (19) (16) 102 Cash collateral (payable) receivable (16) — 5 — (11) Total derivatives - net basis $ 99 $ 22 $ (14) $ (16) $ 91 As of December 31, 2020 Not designated as hedging contracts (1) : Commodity assets $ 29 $ 6 $ 1 $ — $ 36 Commodity liabilities (2) — (23) (28) (53) Total 27 6 (22) (28) (17) Total derivatives 27 6 (22) (28) (17) Cash collateral receivable — — 15 9 24 Total derivatives - net basis $ 27 $ 6 $ (7) $ (19) $ 7 (1) PacifiCorp's commodity derivatives are generally included in rates. As of June 30, 2021 a regulatory liability of $102 million was recorded related to the net derivative asset of $102 million. As of December 31, 2020 a regulatory asset of $17 million was recorded related to the net derivative liability of $17 million. The following table reconciles the beginning and ending balances of PacifiCorp's net regulatory assets and summarizes the pre-tax gains and losses on commodity derivative contracts recognized in net regulatory assets, as well as amounts reclassified to earnings (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Beginning balance $ — $ 84 $ 17 $ 62 Changes in fair value (102) (6) (119) 28 Net (losses) gains reclassified to operating revenue (5) 5 (5) 13 Net gains (losses) reclassified to cost of fuel and energy 5 (15) 5 (35) Ending balance $ (102) $ 68 $ (102) $ 68 Derivative Contract Volumes The following table summarizes the net notional amounts of outstanding commodity derivative contracts with fixed price terms that comprise the mark-to-market values as of (in millions): Unit of June 30, December 31, Measure 2021 2020 Electricity sales, net Megawatt hours — (1) Natural gas purchases Decatherms 121 100 Credit Risk PacifiCorp is exposed to counterparty credit risk associated with wholesale energy supply and marketing activities with other utilities, energy marketing companies, financial institutions and other market participants. Credit risk may be concentrated to the extent PacifiCorp's counterparties have similar economic, industry or other characteristics and due to direct or indirect relationships among the counterparties. Before entering into a transaction, PacifiCorp analyzes the financial condition of each significant wholesale counterparty, establishes limits on the amount of unsecured credit to be extended to each counterparty and evaluates the appropriateness of unsecured credit limits on an ongoing basis. To further mitigate wholesale counterparty credit risk, PacifiCorp enters into netting and collateral arrangements that may include margining and cross-product netting agreements and obtains third‑party guarantees, letters of credit and cash deposits. If required, PacifiCorp exercises rights under these arrangements, including calling on the counterparty's credit support arrangement. Collateral and Contingent Features In accordance with industry practice, certain wholesale agreements, including derivative contracts, contain credit support provisions that in part base certain collateral requirements on credit ratings for senior unsecured debt as reported by one or more of the recognized credit rating agencies. These agreements may either specifically provide bilateral rights to demand cash or other security if credit exposures on a net basis exceed specified rating-dependent threshold levels ("credit-risk-related contingent features") or provide the right for counterparties to demand "adequate assurance" if there is a material adverse change in PacifiCorp's creditworthiness. These rights can vary by contract and by counterparty. As of June 30, 2021, PacifiCorp's credit ratings for its senior secured debt and its issuer credit ratings for senior unsecured debt from the recognized credit rating agencies were investment grade. The aggregate fair value of PacifiCorp's derivative contracts in liability positions with specific credit-risk-related contingent features totaled $42 million and $51 million as of June 30, 2021 and December 31, 2020, respectively, for which PacifiCorp had posted collateral of $5 million and $24 million, respectively, in the form of cash deposits. If all credit-risk-related contingent features for derivative contracts in liability positions had been triggered as of June 30, 2021 and December 31, 2020, PacifiCorp would have been required to post $27 million and $25 million, respectively, of additional collateral. PacifiCorp's collateral requirements could fluctuate considerably due to market price volatility, changes in credit ratings, changes in legislation or regulation or other factors. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of the Company's cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. The Company has various financial assets and liabilities that are measured at fair value on the Consolidated Financial Statements using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. • Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 — Unobservable inputs reflect the Company's judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. The Company develops these inputs based on the best information available, including its own data. The following table presents the Company's financial assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021 Assets: Commodity derivatives $ 5 $ 232 $ 158 $ (40) $ 355 Foreign currency exchange rate derivatives — 16 — — 16 Interest rate derivatives — 1 42 — 43 Mortgage loans held for sale — 2,082 — — 2,082 Money market mutual funds (2) 795 — — — 795 Debt securities: United States government obligations 222 — — — 222 International government obligations — 5 — — 5 Corporate obligations — 78 — — 78 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 1 — — 1 Equity securities: United States companies 412 — — — 412 International companies 6,735 — — — 6,735 Investment funds 266 — — — 266 $ 8,435 $ 2,417 $ 200 $ (40) $ 11,012 Liabilities: Commodity derivatives $ (1) $ (100) $ (53) $ 34 $ (120) Foreign currency exchange rate derivatives — (5) — — (5) Interest rate derivatives (3) (16) (1) 4 (16) $ (4) $ (121) $ (54) $ 38 $ (141) Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of December 31, 2020 Assets: Commodity derivatives $ 1 $ 73 $ 135 $ (21) $ 188 Foreign currency exchange rate derivatives — 20 — — 20 Interest rate derivatives — — 62 — 62 Mortgage loans held for sale — 2,001 — — 2,001 Money market mutual funds (2) 873 — — — 873 Debt securities: United States government obligations 200 — — — 200 International government obligations — 5 — — 5 Corporate obligations — 73 — — 73 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 6 — — 6 Equity securities: United States companies 381 — — — 381 International companies 5,906 — — — 5,906 Investment funds 201 — — — 201 $ 7,562 $ 2,180 $ 197 $ (21) $ 9,918 Liabilities: Commodity derivatives $ (1) $ (90) $ (19) $ 56 $ (54) Foreign currency exchange rate derivatives — (2) — — (2) Interest rate derivatives (5) (60) — — (65) $ (6) $ (152) $ (19) $ 56 $ (121) (1) Represents netting under master netting arrangements and a net cash collateral payable of $2 million as of June 30, 2021 and a net cash collateral receivable of $35 million as of December 31, 2020. (2) Amounts are included in cash and cash equivalents; other current assets; and noncurrent investments and restricted cash and investments on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. Derivative contracts are recorded on the Consolidated Balance Sheets as either assets or liabilities and are stated at estimated fair value unless they are designated as normal purchases or normal sales and qualify for the exception afforded by GAAP. When available, the fair value of derivative contracts is estimated using unadjusted quoted prices for identical contracts in the market in which the Company transacts. When quoted prices for identical contracts are not available, the Company uses forward price curves. Forward price curves represent the Company's estimates of the prices at which a buyer or seller could contract today for delivery or settlement at future dates. The Company bases its forward price curves upon market price quotations, when available, or internally developed and commercial models, with internal and external fundamental data inputs. Market price quotations are obtained from independent brokers, exchanges, direct communication with market participants and actual transactions executed by the Company. Market price quotations are generally readily obtainable for the applicable term of the Company's outstanding derivative contracts; therefore, the Company's forward price curves reflect observable market quotes. Market price quotations for certain electricity and natural gas trading hubs are not as readily obtainable due to the length of the contract. Given that limited market data exists for these contracts, as well as for those contracts that are not actively traded, the Company uses forward price curves derived from internal models based on perceived pricing relationships to major trading hubs that are based on unobservable inputs. The estimated fair value of these derivative contracts is a function of underlying forward commodity prices, interest rates, currency rates, related volatility, counterparty creditworthiness and duration of contracts. The Company's mortgage loans held for sale are valued based on independent quoted market prices, where available, or the prices of other mortgage whole loans with similar characteristics. As necessary, these prices are adjusted for typical securitization activities, including servicing value, portfolio composition, market conditions and liquidity. The Company's investments in money market mutual funds and debt and equity securities are stated at fair value. When available, a readily observable quoted market price or net asset value of an identical security in an active market is used to record the fair value. In the absence of a quoted market price or net asset value of an identical security, the fair value is determined using pricing models or net asset values based on observable market inputs and quoted market prices of securities with similar characteristics. The following table reconciles the beginning and ending balances of the Company's assets and liabilities measured at fair value on a recurring basis using significant Level 3 inputs (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, Interest Interest Commodity Rate Commodity Rate Derivatives Derivatives Derivatives Derivatives 2021: Beginning balance $ 124 $ 41 $ 116 $ 62 Changes included in earnings (1) (10) — (16) (21) Changes in fair value recognized in OCI (6) — (7) — Changes in fair value recognized in net regulatory assets (7) — 9 — Purchases 1 — 1 — Settlements 3 — 2 — Ending balance $ 105 $ 41 $ 105 $ 41 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, Interest Interest Commodity Rate Commodity Rate Derivatives Derivatives Derivatives Derivatives 2020: Beginning balance $ 52 $ 45 $ 97 $ 14 Changes included in earnings (1) (1) 33 (4) 64 Changes in fair value recognized in net regulatory assets (16) — (56) — Purchases 1 — 3 — Settlements 8 — 4 — Ending balance $ 44 $ 78 $ 44 $ 78 (1) Changes included in earnings for interest rate derivatives are reported net of amounts related to the satisfaction of the associated loan commitment. The Company's long-term debt is carried at cost, including fair value adjustments and unamortized premiums, discounts and debt issuance costs as applicable, on the Consolidated Balance Sheets. The fair value of the Company's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of the Company's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of the Company's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 48,873 $ 57,059 $ 49,866 $ 60,633 |
PAC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of PacifiCorp's cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. PacifiCorp has various financial assets and liabilities that are measured at fair value on the Consolidated Financial Statements using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that PacifiCorp has the ability to access at the measurement date. • Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 — Unobservable inputs reflect PacifiCorp's judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. PacifiCorp develops these inputs based on the best information available, including its own data. The following table presents PacifiCorp's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021 Assets: Commodity derivatives $ — $ 148 $ — $ (27) $ 121 Money market mutual funds (2) 36 — — — 36 Investment funds 31 — — — 31 $ 67 $ 148 $ — $ (27) $ 188 Liabilities - Commodity derivatives $ — $ (46) $ — $ 16 $ (30) As of December 31, 2020 Assets: Commodity derivatives $ — $ 36 $ — $ (3) $ 33 Money market mutual funds (2) 6 — — — 6 Investment funds 25 — — — 25 $ 31 $ 36 $ — $ (3) $ 64 Liabilities - Commodity derivatives $ — $ (53) $ — $ 27 $ (26) (1) Represents netting under master netting arrangements and a net cash collateral payable of $11 million and a net cash collateral receivable of $24 million as of June 30, 2021 and December 31, 2020, respectively. (2) Amounts are included in cash and cash equivalents, other current assets and other assets on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. Derivative contracts are recorded on the Consolidated Balance Sheets as either assets or liabilities and are stated at estimated fair value unless they are designated as normal purchases or normal sales and qualify for the exception afforded by GAAP. When available, the fair value of derivative contracts is estimated using unadjusted quoted prices for identical contracts in the market in which PacifiCorp transacts. When quoted prices for identical contracts are not available, PacifiCorp uses forward price curves. Forward price curves represent PacifiCorp's estimates of the prices at which a buyer or seller could contract today for delivery or settlement at future dates. PacifiCorp bases its forward price curves upon market price quotations, when available, or internally developed and commercial models, with internal and external fundamental data inputs. Market price quotations are obtained from independent energy brokers, exchanges, direct communication with market participants and actual transactions executed by PacifiCorp. Market price quotations for certain major electricity and natural gas trading hubs are generally readily obtainable for the first three years; therefore, PacifiCorp's forward price curves for those locations and periods reflect observable market quotes. Market price quotations for other electricity and natural gas trading hubs are not as readily obtainable for the first three years. Given that limited market data exists for these contracts, as well as for those contracts that are not actively traded, PacifiCorp uses forward price curves derived from internal models based on perceived pricing relationships to major trading hubs that are based on unobservable inputs. The estimated fair value of these derivative contracts is a function of underlying forward commodity prices, interest rates, currency rates, related volatility, counterparty creditworthiness and duration of contracts. Refer to Note 7 for further discussion regarding PacifiCorp's risk management and hedging activities. PacifiCorp's investments in money market mutual funds and investment funds are stated at fair value. When available, PacifiCorp uses a readily observable quoted market price or net asset value of an identical security in an active market to record the fair value. In the absence of a quoted market price or net asset value of an identical security, the fair value is determined using pricing models or net asset values based on observable market inputs and quoted market prices of securities with similar characteristics. PacifiCorp's long-term debt is carried at cost on the Consolidated Balance Sheets. The fair value of PacifiCorp's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of PacifiCorp's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of PacifiCorp's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 8,214 $ 10,133 $ 8,612 $ 10,995 |
MEC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of MidAmerican Energy's cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. MidAmerican Energy has various financial assets and liabilities that are measured at fair value on the Financial Statements using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that MidAmerican Energy has the ability to access at the measurement date. • Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 — Unobservable inputs reflect MidAmerican Energy's judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. MidAmerican Energy develops these inputs based on the best information available, including its own data. The following table presents MidAmerican Energy's financial assets and liabilities recognized on the Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021: Assets: Commodity derivatives $ — $ 20 $ 4 $ (4) $ 20 Money market mutual funds (2) 7 — — — 7 Debt securities: United States government obligations 222 — — — 222 International government obligations — 5 — — 5 Corporate obligations — 78 — — 78 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 1 — — 1 Equity securities: United States companies 412 — — — 412 International companies 8 — — — 8 Investment funds 24 — — — 24 $ 673 $ 106 $ 4 $ (4) $ 779 Liabilities - commodity derivatives $ (1) $ (2) $ (5) $ 7 $ (1) Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of December 31, 2020: Assets: Commodity derivatives $ — $ 4 $ 5 $ (5) $ 4 Money market mutual funds (2) 41 — — — 41 Debt securities: United States government obligations 200 — — — 200 International government obligations — 5 — — 5 Corporate obligations — 73 — — 73 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 6 — — 6 Equity securities: United States companies 381 — — — 381 International companies 9 — — — 9 Investment funds 17 — — — 17 $ 648 $ 90 $ 5 $ (5) $ 738 Liabilities - commodity derivatives $ — $ (4) $ (3) $ 5 $ (2) (1) Represents netting under master netting arrangements and a net cash collateral receivable of $3 million and $— million as of June 30, 2021 and December 31, 2020, respectively. (2) Amounts are included in cash and cash equivalents and investments and restricted investments on the Balance Sheets. The fair value of these money market mutual funds approximates cost. MidAmerican Energy's investments in money market mutual funds and debt and equity securities are stated at fair value, with debt securities accounted for as available-for-sale securities. When available, a readily observable quoted market price or net asset value of an identical security in an active market is used to record the fair value. In the absence of a quoted market price or net asset value of an identical security, the fair value is determined using pricing models or net asset values based on observable market inputs and quoted market prices of securities with similar characteristics. MidAmerican Energy's long-term debt is carried at cost on the Balance Sheets. The fair value of MidAmerican Energy's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of MidAmerican Energy's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of MidAmerican Energy's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Long-term debt $ 7,224 $ 8,698 $ 7,210 $ 9,130 |
MidAmerican Funding, LLC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements Refer to Note 8 of MidAmerican Energy's Notes to Financial Statements. MidAmerican Funding's long-term debt is carried at cost on the Consolidated Financial Statements. The fair value of MidAmerican Funding's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of MidAmerican Funding's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of MidAmerican Funding's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Long-term debt $ 7,464 $ 9,020 $ 7,450 $ 9,466 |
NPC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of Nevada Power's cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. Nevada Power has various financial assets and liabilities that are measured at fair value on the Consolidated Balance Sheets using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that Nevada Power has the ability to access at the measurement date. • Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 — Unobservable inputs reflect Nevada Power's judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. Nevada Power develops these inputs based on the best information available, including its own data. The following table presents Nevada Power's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Commodity derivatives $ — $ — $ 52 $ 52 Money market mutual funds (1) 70 — — 70 Investment funds 2 — — 2 $ 72 $ — $ 52 $ 124 Liabilities - commodity derivatives $ — $ — $ (27) $ (27) As of December 31, 2020 Assets: Commodity derivatives $ — $ — $ 26 $ 26 Money market mutual funds (1) 21 — — 21 Investment funds 2 — — 2 $ 23 $ — $ 26 $ 49 Liabilities - commodity derivatives $ — $ — $ (11) $ (11) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. Derivative contracts are recorded on the Consolidated Balance Sheets as either assets or liabilities and are stated at estimated fair value unless they are designated as normal purchases or normal sales and qualify for the exception afforded by GAAP. When available, the fair value of derivative contracts is estimated using unadjusted quoted prices for identical contracts in the market in which Nevada Power transacts. When quoted prices for identical contracts are not available, Nevada Power uses forward price curves. Forward price curves represent Nevada Power's estimates of the prices at which a buyer or seller could contract today for delivery or settlement at future dates. Nevada Power bases its forward price curves upon internally developed models, with internal and external fundamental data inputs. Market price quotations for certain electricity and natural gas trading hubs are not as readily obtainable due to markets that are not active. Given that limited market data exists for these contracts, Nevada Power uses forward price curves derived from internal models based on perceived pricing relationships to major trading hubs that are based on unobservable inputs. The model incorporates a mid-market pricing convention (the mid‑point price between bid and ask prices) as a practical expedient for valuing its assets and liabilities measured and reported at fair value. The determination of the fair value for derivative contracts not only includes counterparty risk, but also the impact of Nevada Power's nonperformance risk on its liabilities, which as of June 30, 2021 and December 31, 2020, had an immaterial impact to the fair value of its derivative contracts. As such, Nevada Power considers its derivative contracts to be valued using Level 3 inputs. Nevada Power's investments in money market mutual funds and investment funds are stated at fair value. When available, a readily observable quoted market price or net asset value of an identical security in an active market is used to record the fair value. The following table reconciles the beginning and ending balances of Nevada Power's commodity derivative assets and liabilities measured at fair value on a recurring basis using significant Level 3 inputs (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Beginning balance $ 27 $ (38) $ 15 $ (8) Changes in fair value recognized in regulatory assets (6) (13) 5 (44) Settlements 4 7 5 8 Ending balance $ 25 $ (44) $ 25 $ (44) Nevada Power's long-term debt is carried at cost on the Consolidated Balance Sheets. The fair value of Nevada Power's long‑term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of Nevada Power's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of Nevada Power's long‑term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 2,498 $ 3,105 $ 2,496 $ 3,245 |
SPPC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of Sierra Pacific's cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. Sierra Pacific has various financial assets and liabilities that are measured at fair value on the Consolidated Balance Sheets using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that Sierra Pacific has the ability to access at the measurement date. • Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 — Unobservable inputs reflect Sierra Pacific's judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. Sierra Pacific develops these inputs based on the best information available, including its own data. The following table presents Sierra Pacific's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Commodity derivatives $ — $ — $ 18 $ 18 Money market mutual funds (1) 8 — — 8 $ 8 $ — $ 18 $ 26 Liabilities - commodity derivatives $ — $ — $ (6) $ (6) As of December 31, 2020 Assets: Commodity derivatives $ — $ — $ 9 $ 9 Money market mutual funds (1) 17 — — 17 $ 17 $ — $ 9 $ 26 Liabilities - commodity derivatives $ — $ — $ (2) $ (2) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. Sierra Pacific's investments in money market mutual funds and investment funds are stated at fair value. When available, a readily observable quoted market price or net asset value of an identical security in an active market is used to record the fair value. Sierra Pacific's long-term debt is carried at cost on the Consolidated Balance Sheets. The fair value of Sierra Pacific's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of Sierra Pacific's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of Sierra Pacific's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 1,164 $ 1,324 $ 1,164 $ 1,358 |
EEGH | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value Measurements | Fair Value Measurements The carrying value of Eastern Energy Gas' cash, certain cash equivalents, receivables, payables, accrued liabilities and short-term borrowings approximates fair value because of the short-term maturity of these instruments. Eastern Energy Gas has various financial assets and liabilities that are measured at fair value on the Consolidated Financial Statements using inputs from the three levels of the fair value hierarchy. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The three levels are as follows: • Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that Eastern Energy Gas has the ability to access at the measurement date. • Level 2 - Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 - Unobservable inputs reflect Eastern Energy Gas' judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. Eastern Energy Gas develops these inputs based on the best information available, including its own data. The following table presents Eastern Energy Gas' financial assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Foreign currency exchange rate derivatives $ — $ 16 $ — $ 16 Money market mutual funds (1) 45 — — 45 Investment funds 13 — — 13 $ 58 $ 16 $ — $ 74 Liabilities: Foreign currency exchange rate derivatives $ — $ (5) $ — $ (5) $ — $ (5) $ — $ (5) As of December 31, 2020 Assets: Foreign currency exchange rate derivatives $ — $ 20 $ — $ 20 $ — $ 20 $ — $ 20 Liabilities: Commodity derivatives $ — $ (1) $ — $ (1) Foreign currency exchange rate derivatives — (2) — (2) Interest rate derivatives — (6) — (6) $ — $ (9) $ — $ (9) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. Derivative contracts are recorded on the Consolidated Balance Sheets as either assets or liabilities and are stated at estimated fair value unless they are designated as normal purchase or normal sales and qualify for the exception afforded by GAAP. When available, the fair value of derivative contracts is estimated using unadjusted quoted prices for identical contracts in the market in which Eastern Energy Gas transacts. When quoted prices for identical contracts are not available, Eastern Energy Gas uses forward price curves. Forward price curves represent Eastern Energy Gas' estimates of the prices at which a buyer or seller could contract today for delivery or settlement at future dates. Eastern Energy Gas bases its forward price curves upon market price quotations, when available, or internally developed and commercial models, with internal and external fundamental data inputs. Market price quotations are obtained from independent brokers, exchanges, direct communication with market participants and actual transactions executed by Eastern Energy Gas. Market price quotations are generally readily obtainable for the applicable term of Eastern Energy Gas' outstanding derivative contracts; therefore, Eastern Energy Gas' forward price curves reflect observable market quotes. Market price quotations for certain natural gas trading hubs are not as readily obtainable due to the length of the contracts. Given that limited market data exists for these contracts, as well as for those contracts that are not actively traded, Eastern Energy Gas uses forward price curves derived from internal models based on perceived pricing relationships to major trading hubs that are based on unobservable inputs. The estimated fair value of these derivative contracts is a function of underlying forward commodity prices, interest rates, currency rates, related volatility, counterparty creditworthiness and duration of contracts. Eastern Energy Gas' long-term debt is carried at cost, including unamortized premiums, discounts and debt issuance costs as applicable, on the Consolidated Balance Sheets. The fair value of Eastern Energy Gas' long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of Eastern Energy Gas' variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of Eastern Energy Gas' long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 3,916 $ 4,298 $ 4,425 $ 5,012 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2021 | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Construction Commitments During the six-month period ended June 30, 2021, MidAmerican Energy entered into firm construction commitments totaling $558 million through the remainder of 2021 and 2022 related to the repowering and construction of wind-powered generating facilities and the construction of solar-powered generating facilities. Easements During the six-month period ended June 30, 2021, MidAmerican Energy entered into non-cancelable easements with minimum payment commitments totaling $87 million through 2061 for land in Iowa on which some of its wind- and solar-powered generating facilities will be located. Legal Matters The Company is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. The Company does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. The Company is also involved in other kinds of legal actions, some of which assert or may assert claims or seek to impose fines, penalties and other costs in substantial amounts and are described below. California and Oregon 2020 Wildfires In September 2020, a severe weather event resulting in high winds, low humidity and warm temperatures contributed to several major wildfires, private and public property damage, personal injuries and loss of life and widespread power outages in Oregon and Northern California. The wildfires spread across certain parts of PacifiCorp's service territory and surrounding areas across multiple counties in Oregon and California, including Siskiyou County, California; Jackson County, Oregon; Douglas County, Oregon; Marion County, Oregon; Lincoln County, Oregon; and Klamath County, Oregon burning over 500,000 acres in aggregate. Third party reports for these wildfires indicate over 2,000 structures, including residences, destroyed; several structures damaged; multiple individuals injured; and several fatalities. Fire suppression costs estimated by various agencies total approximately $150 million. Investigations into the cause and origin of each wildfire are complex and ongoing and being conducted by various entities, including the United States Forest Service, the California Public Utilities Commission, the Oregon Department of Forestry, the Oregon Department of Justice, PacifiCorp and various experts engaged by PacifiCorp. Several lawsuits have been filed in Oregon and California, including a putative class action complaint in Oregon, on behalf of citizens and businesses who suffered damages from fires allegedly caused by PacifiCorp. The final determinations of liability, however, will only be made following comprehensive investigations and litigation processes. In California, under inverse condemnation, courts have held that investor-owned utilities can be liable for real and personal property damages without the utility being found negligent and regardless of fault. California law also permits inverse condemnation plaintiffs to recover reasonable attorney fees and costs. In both Oregon and California, PacifiCorp has equipment in areas accessed through special use permits, easements or similar agreements that may contain provisions requiring it to pay for damages caused by its equipment regardless of fault. Even if inverse condemnation or other provisions do not apply, PacifiCorp could nevertheless be found liable for all damages proximately caused by negligence, including property and natural resource damage; fire suppression costs; personal injury and loss of life damages; and interest. As of June 30, 2021, PacifiCorp has accrued $136 million as its best estimate of the potential losses net of expected insurance recoveries associated with the 2020 Wildfires that are considered probable of being incurred. These accruals include estimated losses for fire suppression costs, property damage, personal injury damages and loss of life damages. It is reasonably possible that PacifiCorp will incur additional losses beyond the amounts accrued; however, PacifiCorp is currently unable to estimate the range of possible additional losses that could be incurred due to the number of properties and parties involved and the lack of specific claims for all potential claimants. To the extent losses beyond the amounts accrued are incurred, additional insurance coverage is expected to be available to cover at least a portion of the losses. Environmental Laws and Regulations The Company is subject to federal, state, local and foreign laws and regulations regarding climate change, renewable portfolio standards, air and water quality, emissions performance standards, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact the Company's current and future operations. The Company believes it is in material compliance with all applicable laws and regulations. Hydroelectric Relicensing PacifiCorp is a party to the 2016 amended Klamath Hydroelectric Settlement Agreement ("KHSA"), which is intended to resolve disputes surrounding PacifiCorp's efforts to relicense the Klamath Hydroelectric Project. The KHSA establishes a process for PacifiCorp, the states of Oregon and California ("States") and other stakeholders to assess whether dam removal can occur consistent with the settlement's terms. For PacifiCorp, the key elements of the settlement include: (1) a contribution from PacifiCorp's Oregon and California customers capped at $200 million plus $250 million in California bond funds; (2) complete indemnification from harms associated with dam removal; (3) transfer of the FERC license to a third-party dam removal entity, the Klamath River Renewal Corporation ("KRRC"), who would conduct dam removal; and (4) ability for PacifiCorp to operate the facilities for the benefit of customers until dam removal commences. In September 2016, the KRRC and PacifiCorp filed a joint application with the FERC to transfer the license for the four mainstem Klamath dams from PacifiCorp to the KRRC. The FERC approved partial transfer of the Klamath license in a July 2020 order, subject to the condition that PacifiCorp remains co-licensee. Under the amended KHSA, PacifiCorp did not agree to remain co-licensee during the surrender and removal process given concerns about liability protections for PacifiCorp and its customers. In November 2020, PacifiCorp entered a memorandum of agreement (the "MOA") with the KRRC, the Karuk Tribe, the Yurok Tribe and the States to continue implementation of the KHSA. The agreement required the States, PacifiCorp and KRRC to file a new license transfer application by January 16, 2021 to remove PacifiCorp from the license for the Klamath Hydroelectric Project and add the States and KRRC as co-licensees for the purposes of surrender. On January 13, 2021, the new license transfer application was filed with the FERC, notifying it that PacifiCorp and the KRRC are not accepting co-licensee status under FERC's July 2020 order, and instead are seeking the license transfer outcome described in the new license transfer application. In addition, the MOA provides for additional contingency funding of $45 million, equally split between PacifiCorp and the States, and for PacifiCorp and the States to equally share in any additional cost overruns in the unlikely event that dam removal costs exceed the $450 million in funding to ensure dam removal is complete. The MOA also requires PacifiCorp to cover the costs associated with certain pre-existing environmental conditions. In June 2021, the FERC approved transfer of the four mainstem Klamath dams from PacifiCorp to the KRRC, the Karuk Tribe, the Yurok Tribe and the States as co-licensees. The transfer will be effective after PacifiCorp secures property transfer approvals from its state public utility commissions and 30 days following the issuance of a license surrender order from the FERC for the project. In July 2021, the Oregon, Wyoming, Idaho and California state public utility commissions approved the property transfer. Guarantees |
PAC | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Legal Matters PacifiCorp is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. PacifiCorp does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. PacifiCorp is also involved in other kinds of legal actions, some of which assert or may assert claims or seek to impose fines, penalties and other costs in substantial amounts and are described below. California and Oregon 2020 Wildfires In September 2020, a severe weather event resulting in high winds, low humidity and warm temperatures contributed to several major wildfires, private and public property damage, personal injuries and loss of life and widespread power outages in Oregon and Northern California. The wildfires spread across certain parts of PacifiCorp's service territory and surrounding areas across multiple counties in Oregon and California, including Siskiyou County, California; Jackson County, Oregon; Douglas County, Oregon; Marion County, Oregon; Lincoln County, Oregon; and Klamath County, Oregon burning over 500,000 acres in aggregate. Third party reports for these wildfires indicate over 2,000 structures, including residences, destroyed; several structures damaged; multiple individuals injured; and several fatalities. Fire suppression costs estimated by various agencies total approximately $150 million. Investigations into the cause and origin of each wildfire are complex and ongoing and being conducted by various entities, including the United States Forest Service, the California Public Utilities Commission, the Oregon Department of Forestry, the Oregon Department of Justice, PacifiCorp and various experts engaged by PacifiCorp. Several lawsuits have been filed in Oregon and California, including a putative class action complaint in Oregon, on behalf of citizens and businesses who suffered damages from fires allegedly caused by PacifiCorp. The final determinations of liability, however, will only be made following comprehensive investigations and litigation processes. In California, under inverse condemnation, courts have held that investor-owned utilities can be liable for real and personal property damages without the utility being found negligent and regardless of fault. California law also permits inverse condemnation plaintiffs to recover reasonable attorney fees and costs. In both Oregon and California, PacifiCorp has equipment in areas accessed through special use permits, easements or similar agreements that may contain provisions requiring it to pay for damages caused by its equipment regardless of fault. Even if inverse condemnation or other provisions do not apply, PacifiCorp could nevertheless be found liable for all damages proximately caused by negligence, including property and natural resource damage; fire suppression costs; personal injury and loss of life damages; and interest. As of June 30, 2021, PacifiCorp has accrued $136 million as its best estimate of the potential losses net of expected insurance recoveries associated with the 2020 Wildfires that are considered probable of being incurred. These accruals include estimated losses for fire suppression costs, property damage, personal injury damages and loss of life damages. It is reasonably possible that PacifiCorp will incur additional losses beyond the amounts accrued; however, PacifiCorp is currently unable to estimate the range of possible additional losses that could be incurred due to the number of properties and parties involved and the lack of specific claims for all potential claimants. To the extent losses beyond the amounts accrued are incurred, additional insurance coverage is expected to be available to cover at least a portion of the losses. Environmental Laws and Regulations PacifiCorp is subject to federal, state and local laws and regulations regarding air and water quality, renewable portfolio standards, emissions performance standards, climate change, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact PacifiCorp's current and future operations. PacifiCorp believes it is in material compliance with all applicable laws and regulations. Hydroelectric Relicensing PacifiCorp is a party to the 2016 amended Klamath Hydroelectric Settlement Agreement ("KHSA"), which is intended to resolve disputes surrounding PacifiCorp's efforts to relicense the Klamath Hydroelectric Project. The KHSA establishes a process for PacifiCorp, the states of Oregon and California ("States") and other stakeholders to assess whether dam removal can occur consistent with the settlement's terms. For PacifiCorp, the key elements of the settlement include: (1) a contribution from PacifiCorp's Oregon and California customers capped at $200 million plus $250 million in California bond funds; (2) complete indemnification from harms associated with dam removal; (3) transfer of the Federal Energy Regulatory Commission ("FERC") license to a third-party dam removal entity, the Klamath River Renewal Corporation ("KRRC"), who would conduct dam removal; and (4) ability for PacifiCorp to operate the facilities for the benefit of customers until dam removal commences. In September 2016, the KRRC and PacifiCorp filed a joint application with the FERC to transfer the license for the four mainstem Klamath dams from PacifiCorp to the KRRC. The FERC approved partial transfer of the Klamath license in a July 2020 order, subject to the condition that PacifiCorp remains co-licensee. Under the amended KHSA, PacifiCorp did not agree to remain co-licensee during the surrender and removal process given concerns about liability protections for PacifiCorp and its customers. In November 2020, PacifiCorp entered a memorandum of agreement (the "MOA") with the KRRC, the Karuk Tribe, the Yurok Tribe and the States to continue implementation of the KHSA. The agreement required the States, PacifiCorp and KRRC to file a new license transfer application by January 16, 2021 to remove PacifiCorp from the license for the Klamath Hydroelectric Project and add the States and KRRC as co-licensees for the purposes of surrender. On January 13, 2021, the new license transfer application was filed with the FERC, notifying it that PacifiCorp and the KRRC are not accepting co-licensee status under FERC's July 2020 order, and instead are seeking the license transfer outcome described in the new license transfer application. In addition, the MOA provides for additional contingency funding of $45 million, equally split between PacifiCorp and the States, and for PacifiCorp and the States to equally share in any additional cost overruns in the unlikely event that dam removal costs exceed the $450 million in funding to ensure dam removal is complete. The MOA also requires PacifiCorp to cover the costs associated with certain pre-existing environmental conditions. In June 2021, the FERC approved transfer of the four mainstem Klamath dams from PacifiCorp to the KRRC, the Karuk Tribe, the Yurok Tribe and the States as co-licensees. The transfer will be effective after PacifiCorp secures property transfer approvals from its state public utility commissions and 30 days following the issuance of a license surrender order from the FERC for the project. In July 2021, the Oregon, Wyoming, Idaho and California state public utility commissions approved the property transfer. Guarantees PacifiCorp has entered into guarantees as part of the normal course of business and the sale of certain assets. These guarantees are not expected to have a material impact on PacifiCorp's consolidated financial results. |
MEC | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Construction Commitments During the six-month period ended June 30, 2021, MidAmerican Energy entered into firm construction commitments totaling $558 million through the remainder of 2021 and 2022 related to the repowering and construction of wind-powered generating facilities and the construction of solar-powered generating facilities. Easements During the six-month period ended June 30, 2021, MidAmerican Energy entered into non-cancelable easements with minimum payment commitments totaling $87 million through 2061 for land in Iowa on which some of its wind- and solar-powered generating facilities will be located. Legal Matters MidAmerican Energy is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. MidAmerican Energy does not believe that such normal and routine litigation will have a material impact on its financial results. Environmental Laws and Regulations MidAmerican Energy is subject to federal, state and local laws and regulations regarding climate change, renewable portfolio standards, air and water quality, emissions performance standards, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact its current and future operations. MidAmerican Energy believes it is in material compliance with all applicable laws and regulations. |
MidAmerican Funding, LLC | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and ContingenciesMidAmerican Funding is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. MidAmerican Funding does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. Refer to Note 9 of MidAmerican Energy's Notes to Financial Statements. |
NPC | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Legal Matters Nevada Power is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. Nevada Power does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. Environmental Laws and Regulations Nevada Power is subject to federal, state and local laws and regulations regarding climate change, renewable portfolio standards, air and water quality, emissions performance standards, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact Nevada Power's current and future operations. Nevada Power believes it is in material compliance with all applicable laws and regulations. |
SPPC | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Legal Matters Sierra Pacific is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. Sierra Pacific does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. Environmental Laws and Regulations Sierra Pacific is subject to federal, state and local laws and regulations regarding climate change, renewable portfolio standards, air and water quality, emissions performance standards, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact Sierra Pacific's current and future operations. Sierra Pacific believes it is in material compliance with all applicable laws and regulations. |
EEGH | |
Loss Contingencies [Line Items] | |
Commitments and Contingencies | Commitments and Contingencies Legal Matters Eastern Energy Gas is party to a variety of legal actions arising out of the normal course of business. Plaintiffs occasionally seek punitive or exemplary damages. Eastern Energy Gas does not believe that such normal and routine litigation will have a material impact on its consolidated financial results. Environmental Laws and Regulations Eastern Energy Gas is subject to federal, state and local laws and regulations regarding climate change, air and water quality, hazardous and solid waste disposal, protected species and other environmental matters that have the potential to impact its current and future operations. Eastern Energy Gas believes it is in material compliance with all applicable laws and regulations. |
Revenue from Contracts with Cus
Revenue from Contracts with Customers | 6 Months Ended |
Jun. 30, 2021 | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers Energy Products and Services The following table summarizes the Company's energy products and services revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business, including a reconciliation to the Company's reportable segment information included in Note 13 (in millions): For the Three-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,188 $ 516 $ 708 $ — $ — $ — $ — $ (1) $ 2,411 Retail gas — 89 20 — — — — — 109 Wholesale 30 69 10 — — — — (1) 108 Transmission and 37 15 22 243 — 178 — — 495 Interstate pipeline — — — — 458 — — (25) 433 Other 31 — 1 — (1) — — — 31 Total Regulated 1,286 689 761 243 457 178 — (27) 3,587 Nonregulated — 1 1 8 232 7 239 124 612 Total Customer Revenue 1,286 690 762 251 689 185 239 97 4,199 Other revenue 12 3 5 29 17 (3) 28 11 102 Total $ 1,298 $ 693 $ 767 $ 280 $ 706 $ 182 $ 267 $ 108 $ 4,301 For the Six-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,333 $ 968 $ 1,219 $ — $ — $ — $ — $ (1) $ 4,519 Retail gas — 549 58 — — — — — 607 Wholesale 66 194 25 — 17 — — (1) 301 Transmission and 62 30 43 506 — 350 — — 991 Interstate pipeline — — — — 1,273 — — (66) 1,207 Other 54 — 1 — 1 — — — 56 Total Regulated 2,515 1,741 1,346 506 1,291 350 — (68) 7,681 Nonregulated — 11 1 18 469 15 405 311 1,230 Total Customer Revenue 2,515 1,752 1,347 524 1,760 365 405 243 8,911 Other revenue 25 8 11 56 39 (3) 52 51 239 Total $ 2,540 $ 1,760 $ 1,358 $ 580 $ 1,799 $ 362 $ 457 $ 294 $ 9,150 For the Three-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,066 $ 468 $ 638 $ — $ — $ — $ — $ — $ 2,172 Retail gas — 84 20 — — — — — 104 Wholesale 17 37 6 — — — — (1) 59 Transmission and 24 18 22 191 — 164 — — 419 Interstate pipeline — — — — 221 — — (26) 195 Other 20 — — — — — — — 20 Total Regulated 1,127 607 686 191 221 164 — (27) 2,969 Nonregulated — 3 1 5 — 5 212 122 348 Total Customer Revenue 1,127 610 687 196 221 169 212 95 3,317 Other revenue 17 6 8 25 4 — 32 10 102 Total $ 1,144 $ 616 $ 695 $ 221 $ 225 $ 169 $ 244 $ 105 $ 3,419 For the Six-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,188 $ 878 $ 1,167 $ — $ — $ — $ — $ — $ 4,233 Retail gas — 271 67 — — — — — 338 Wholesale 17 101 20 — — — — (2) 136 Transmission and 46 33 45 424 — 333 — — 881 Interstate pipeline — — — — 621 — — (74) 547 Other 46 — 1 — — — — — 47 Total Regulated 2,297 1,283 1,300 424 621 333 — (76) 6,182 Nonregulated — 9 2 12 — 8 371 249 651 Total Customer Revenue 2,297 1,292 1,302 436 621 341 371 173 6,833 Other revenue 53 10 15 51 5 — 51 35 220 Total $ 2,350 $ 1,302 $ 1,317 $ 487 $ 626 $ 341 $ 422 $ 208 $ 7,053 (1) The BHE and Other reportable segment represents amounts related principally to other entities, corporate functions and intersegment eliminations. Real Estate Services The following table summarizes the Company's real estate services Customer Revenue by line of business (in millions): HomeServices Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Brokerage $ 1,569 $ 957 $ 2,591 $ 1,734 Franchise 24 15 42 31 Total Customer Revenue 1,593 972 2,633 1,765 Mortgage and other revenue 170 221 362 321 Total $ 1,763 $ 1,193 $ 2,995 $ 2,086 Remaining Performance Obligations The following table summarizes the Company's revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2021, by reportable segment (in millions): Performance obligations expected to be satisfied: Less than 12 months More than 12 months Total BHE Pipeline Group $ 2,562 $ 21,728 $ 24,290 BHE Transmission 350 — 350 Total $ 2,912 $ 21,728 $ 24,640 |
PAC | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table summarizes PacifiCorp's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Retail: Residential $ 429 $ 384 $ 912 $ 844 Commercial 393 346 752 704 Industrial 282 268 553 545 Other retail 84 68 116 95 Total retail 1,188 1,066 2,333 2,188 Wholesale (1) 30 17 66 17 Transmission 37 24 62 46 Other Customer Revenue 31 20 54 46 Total Customer Revenue 1,286 1,127 2,515 2,297 Other revenue 12 17 25 53 Total operating revenue $ 1,298 $ 1,144 $ 2,540 $ 2,350 (1) Includes net payments to counterparties for the financial settlement of certain non-derivative forward contracts for energy sales. |
MEC | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table summarizes MidAmerican Energy's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 11, (in millions): For the Three-Month Period Ended June 30, 2021 For the Six-Month Period Ended June 30, 2021 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 170 $ 59 $ — $ 229 $ 331 $ 367 $ — $ 698 Commercial 80 18 — 98 151 147 — 298 Industrial 230 3 — 233 420 15 — 435 Natural gas transportation services — 9 — 9 — 19 — 19 Other retail (1) 36 — — 36 66 1 — 67 Total retail 516 89 — 605 968 549 — 1,517 Wholesale 52 17 — 69 126 68 — 194 Multi-value transmission projects 15 — — 15 30 — — 30 Other Customer Revenue — — 1 1 — — 11 11 Total Customer Revenue 583 106 1 690 1,124 617 11 1,752 Other revenue 3 — — 3 7 1 — 8 Total operating revenue $ 586 $ 106 $ 1 $ 693 $ 1,131 $ 618 $ 11 $ 1,760 For the Three-Month Period Ended June 30, 2020 For the Six-Month Period Ended June 30, 2020 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 166 $ 59 $ — $ 225 $ 314 $ 187 $ — $ 501 Commercial 73 15 — 88 143 58 — 201 Industrial 197 3 — 200 360 7 — 367 Natural gas transportation services — 7 — 7 — 18 — 18 Other retail (1) 32 1 — 33 61 1 — 62 Total retail 468 85 — 553 878 271 — 1,149 Wholesale 28 9 — 37 70 31 — 101 Multi-value transmission projects 17 — — 17 33 — — 33 Other Customer Revenue — — — — — — 1 1 Total Customer Revenue 513 94 — 607 981 302 1 1,284 Other revenue 5 1 — 6 8 2 — 10 Total operating revenue $ 518 $ 95 $ — $ 613 $ 989 $ 304 $ 1 $ 1,294 (1) Other retail includes provisions for rate refunds, for which any actual refunds will be reflected in the applicable customer classes upon resolution of the related regulatory proceeding. |
MidAmerican Funding, LLC | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with CustomersRefer to Note 10 of MidAmerican Energy's Notes to Financial Statements. Additionally, MidAmerican Funding had other Accounting Standards Codification Topic 606 revenue of $— million and $3 million for the three-month periods ended June 30, 2021 and 2020, respectively, and $— million and $8 million for the six-month periods ended June 30, 2021 and 2020, respectively. |
NPC | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table summarizes Nevada Power's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Retail: Residential $ 326 $ 304 $ 521 $ 497 Commercial 110 96 194 190 Industrial 95 83 158 154 Other 3 2 6 5 Total fully bundled 534 485 879 846 Distribution only service 5 6 10 13 Total retail 539 491 889 859 Wholesale, transmission and other 15 12 29 27 Total Customer Revenue 554 503 918 886 Other revenue 5 6 11 12 Total revenue $ 559 $ 509 $ 929 $ 898 |
SPPC | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table summarizes Sierra Pacific's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 10 (in millions): Three-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 68 $ 13 $ 81 $ 63 $ 14 $ 77 Commercial 64 5 69 56 4 60 Industrial 42 2 44 34 2 36 Other 1 — 1 1 — 1 Total fully bundled 175 20 195 154 20 174 Distribution only service 1 — 1 1 — 1 Total retail 176 20 196 155 20 175 Wholesale, transmission and other 12 — 12 9 — 9 Total Customer Revenue 188 20 208 164 20 184 Other revenue 1 — 1 1 — 1 Total revenue $ 189 $ 20 $ 209 $ 165 $ 20 $ 185 Six-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 138 $ 38 $ 176 $ 132 $ 44 $ 176 Commercial 117 15 132 112 17 129 Industrial 81 5 86 75 6 81 Other 3 — 3 2 — 2 Total fully bundled 339 58 397 321 67 388 Distribution only service 2 — 2 2 — 2 Total retail 341 58 399 323 67 390 Wholesale, transmission and other 28 — 28 24 — 24 Total Customer Revenue 369 58 427 347 67 414 Other revenue 1 1 2 2 1 3 Total revenue $ 370 $ 59 $ 429 $ 349 $ 68 $ 417 |
EEGH | |
Disaggregation of Revenue [Line Items] | |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table summarizes Eastern Energy Gas' revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Regulated: Gas transportation and storage $ 246 $ 302 $ 525 $ 646 Wholesale — — 17 2 Other (2) 2 (2) 3 Total regulated 244 304 540 651 Nonregulated 190 205 380 413 Total Customer Revenue 434 509 920 1,064 Other revenue 3 1 3 2 Total operating revenue $ 437 $ 510 $ 923 $ 1,066 Remaining Performance Obligations The following table summarizes Eastern Energy Gas' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2021 (in millions): Performance obligations expected to be satisfied Less than 12 months More than 12 months Total Eastern Energy Gas $ 1,571 $ 16,779 $ 18,350 |
BHE Shareholders' Equity
BHE Shareholders' Equity | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
BHE Shareholders' Equity | BHE Shareholders' Equity On July 22, 2021, BHE redeemed at par 1,450,003 shares of its 4.00% Perpetual Preferred Stock from certain subsidiaries of Berkshire Hathaway Inc. for $1.45 billion, plus an additional amount equal to the accrued dividends on the pro rata shares redeemed. For the six-month period ended June 30, 2020, BHE repurchased 180,358 shares of its common stock for $126 million. |
Components of Other Comprehensi
Components of Other Comprehensive Income (Loss), Net | 6 Months Ended |
Jun. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Components of Other Comprehensive Income (Loss), Net | Components of Other Comprehensive Income (Loss), Net The following table shows the change in accumulated other comprehensive income (loss) by each component of other comprehensive income (loss), net of applicable income tax (in millions): Unrecognized Foreign Unrealized AOCI Amounts on Currency (Losses) Gains Attributable Retirement Translation on Cash Noncontrolling To BHE Benefits Adjustment Flow Hedges Interests Shareholders, Net Balance, December 31, 2019 $ (417) $ (1,296) $ 7 $ — $ (1,706) Other comprehensive income (loss) 44 (439) (24) — (419) Balance, June 30, 2020 $ (373) $ (1,735) $ (17) $ — $ (2,125) Balance, December 31, 2020 $ (492) $ (1,062) $ (8) $ 10 $ (1,552) Other comprehensive income (loss) 22 159 15 (4) 192 Balance, June 30, 2021 $ (470) $ (903) $ 7 $ 6 $ (1,360) |
EEGH | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Components of Other Comprehensive Income (Loss), Net | Components of Accumulated Other Comprehensive Loss, Net The following table shows the change in accumulated other comprehensive loss by each component of other comprehensive income (loss), net of applicable income tax (in millions): Unrecognized Accumulated Amounts On Unrealized Other Retirement Losses on Cash Noncontrolling Comprehensive Benefits Flow Hedges Interests Loss, Net Balance, December 31, 2019 $ (106) $ (81) $ — $ (187) Other comprehensive income (loss) 3 (87) — (84) Balance, June 30, 2020 $ (103) $ (168) $ — $ (271) Balance, December 31, 2020 $ (12) $ (51) $ 10 $ (53) Other comprehensive income (loss) 4 13 (4) 13 Balance, June 30, 2021 $ (8) $ (38) $ 6 $ (40) |
Segment Information
Segment Information | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting Information [Line Items] | |
Segment Information | Segment Information The Company's reportable segments with foreign operations include Northern Powergrid, whose business is principally in the United Kingdom, BHE Transmission, whose business includes operations in Canada, and BHE Renewables, whose business includes operations in the Philippines. Intersegment eliminations and adjustments, including the allocation of goodwill, have been made. Information related to the Company's reportable segments is shown below (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: PacifiCorp $ 1,298 $ 1,144 $ 2,540 $ 2,350 MidAmerican Funding 693 616 1,760 1,302 NV Energy 767 695 1,358 1,317 Northern Powergrid 280 221 580 487 BHE Pipeline Group 706 225 1,799 626 BHE Transmission 182 169 362 341 BHE Renewables 267 244 457 422 HomeServices 1,763 1,193 2,995 2,086 BHE and Other (1) 108 105 294 208 Total operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139 Depreciation and amortization: PacifiCorp $ 275 $ 210 $ 539 $ 462 MidAmerican Funding 209 175 416 351 NV Energy 137 125 273 249 Northern Powergrid 73 63 144 126 BHE Pipeline Group 121 25 239 89 BHE Transmission 60 55 118 115 BHE Renewables 61 71 121 142 HomeServices 12 12 23 23 BHE and Other (1) (1) — 1 — Total depreciation and amortization $ 947 $ 736 $ 1,874 $ 1,557 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating income: PacifiCorp $ 283 $ 256 $ 517 $ 490 MidAmerican Funding 103 110 151 212 NV Energy 145 161 215 240 Northern Powergrid 126 89 277 221 BHE Pipeline Group 245 92 863 341 BHE Transmission 85 81 166 157 BHE Renewables 97 84 130 101 HomeServices 179 77 291 97 BHE and Other (1) (55) (14) (69) (4) Total operating income 1,208 936 2,541 1,855 Interest expense (532) (503) (1,062) (986) Capitalized interest 14 19 28 36 Allowance for equity funds 30 38 56 72 Interest and dividend income 26 20 47 40 Gains on marketable securities, net 1,966 583 848 610 Other, net 48 52 56 25 Total income before income tax expense (benefit) and equity loss $ 2,760 $ 1,145 $ 2,514 $ 1,652 Interest expense: PacifiCorp $ 105 $ 110 $ 212 $ 212 MidAmerican Funding 78 78 156 159 NV Energy 51 57 103 115 Northern Powergrid 32 31 65 63 BHE Pipeline Group 40 15 78 29 BHE Transmission 40 35 78 73 BHE Renewables 40 42 80 84 HomeServices 1 3 2 8 BHE and Other (1) 145 132 288 243 Total interest expense $ 532 $ 503 $ 1,062 $ 986 Earnings on common shares: PacifiCorp $ 226 $ 167 $ 395 $ 343 MidAmerican Funding 211 208 355 358 NV Energy 100 98 134 118 Northern Powergrid (25) 59 79 146 BHE Pipeline Group 100 64 483 243 BHE Transmission 60 60 119 115 BHE Renewables 181 138 197 233 HomeServices 135 59 219 69 BHE and Other 1,256 263 229 161 Earnings on common shares $ 2,244 $ 1,116 $ 2,210 $ 1,786 As of June 30, December 31, 2021 2020 Assets: PacifiCorp $ 27,235 $ 26,862 MidAmerican Funding 24,156 23,530 NV Energy 14,839 14,501 Northern Powergrid 9,071 8,782 BHE Pipeline Group 19,739 19,541 BHE Transmission 9,516 9,208 BHE Renewables 11,754 12,004 HomeServices 5,410 4,955 BHE and Other (1) 8,841 7,933 Total assets $ 130,561 $ 127,316 (1) The differences between the reportable segment amounts and the consolidated amounts, described as BHE and Other, relate principally to other entities, including MidAmerican Energy Services, LLC, corporate functions and intersegment eliminations. Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue by country: United States $ 5,604 $ 4,224 $ 11,201 $ 8,313 United Kingdom 280 221 580 487 Canada 180 167 357 338 Philippines and other — — 7 1 Total operating revenue by country $ 6,064 $ 4,612 $ 12,145 $ 9,139 Income before income tax expense (benefit) and equity loss by country: United States $ 2,611 $ 1,027 $ 2,188 $ 1,381 United Kingdom 104 59 236 168 Canada 46 46 85 86 Philippines and other (1) 13 5 17 Total income before income tax expense (benefit) and equity loss by country $ 2,760 $ 1,145 $ 2,514 $ 1,652 The following table shows the change in the carrying amount of goodwill by reportable segment for the six-month period ended June 30, 2021 (in millions): BHE Pipeline Group PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Transmission BHE Renewables HomeServices Total December 31, 2020 $ 1,129 $ 2,102 $ 2,369 $ 1,000 $ 1,803 $ 1,551 $ 95 $ 1,457 $ 11,506 Acquisitions — — — — 11 — — 2 13 Foreign currency translation — — — 9 — 42 — — 51 June 30, 2021 $ 1,129 $ 2,102 $ 2,369 $ 1,009 $ 1,814 $ 1,593 $ 95 $ 1,459 $ 11,570 |
MEC | |
Segment Reporting Information [Line Items] | |
Segment Information | Segment Information MidAmerican Energy has identified two reportable segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by regulatory agencies; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance. Common operating costs, interest income, interest expense and income tax expense are allocated to each segment based on certain factors, which primarily relate to the nature of the cost. The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 586 $ 518 $ 1,131 $ 989 Regulated natural gas 106 95 618 304 Other 1 — 11 1 Total operating revenue $ 693 $ 613 $ 1,760 $ 1,294 Operating income: Regulated electric $ 103 $ 101 $ 112 $ 160 Regulated natural gas — 7 39 46 Other — — — — Total operating income 103 108 151 206 Interest expense (74) (74) (148) (150) Allowance for borrowed funds 2 4 4 7 Allowance for equity funds 8 9 14 17 Other, net 15 21 26 16 Income before income tax benefit $ 54 $ 68 $ 47 $ 96 As of June 30, December 31, Assets: Regulated electric $ 20,349 $ 19,892 Regulated natural gas 1,708 1,544 Other — 1 Total assets $ 22,057 $ 21,437 |
MidAmerican Funding, LLC | |
Segment Reporting Information [Line Items] | |
Segment Information | Segment Information MidAmerican Funding has identified two reportable segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by regulatory agencies; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance. Common operating costs, interest income, interest expense and income tax expense are allocated to each segment based on certain factors, which primarily relate to the nature of the cost. "Other" in the tables below consists of the financial results and assets of nonregulated operations, MHC and MidAmerican Funding. The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 586 $ 518 $ 1,131 $ 989 Regulated natural gas 106 95 618 304 Other 1 3 11 9 Total operating revenue $ 693 $ 616 $ 1,760 $ 1,302 Operating income: Regulated electric $ 103 $ 101 $ 112 $ 160 Regulated natural gas — 7 39 46 Other — 2 — 6 Total operating income 103 110 151 212 Interest expense (78) (78) (156) (159) Allowance for borrowed funds 2 4 4 7 Allowance for equity funds 8 9 14 17 Other, net 16 21 26 15 Income before income tax benefit $ 51 $ 66 $ 39 $ 92 As of June 30, December 31, Assets (1) : Regulated electric $ 21,540 $ 21,083 Regulated natural gas 1,787 1,623 Other 4 5 Total assets $ 23,331 $ 22,711 (1) Assets by reportable segment reflect the assignment of goodwill to applicable reporting units. |
SPPC | |
Segment Reporting Information [Line Items] | |
Segment Information | Segment Information Sierra Pacific has identified two reportable operating segments: regulated electric and regulated natural gas. The regulated electric segment derives most of its revenue from regulated retail sales of electricity to residential, commercial, and industrial customers and from wholesale sales. The regulated natural gas segment derives most of its revenue from regulated retail sales of natural gas to residential, commercial, and industrial customers and also obtains revenue by transporting natural gas owned by others through its distribution system. Pricing for regulated electric and regulated natural gas sales are established separately by the PUCN; therefore, management also reviews each segment separately to make decisions regarding allocation of resources and in evaluating performance. The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 189 $ 165 $ 370 $ 349 Regulated natural gas 20 20 59 68 Total operating revenue $ 209 $ 185 $ 429 $ 417 Operating income: Regulated electric $ 21 $ 20 $ 52 $ 53 Regulated natural gas 4 3 12 10 Total operating income 25 23 64 63 Interest expense (13) (14) (27) (28) Allowance for borrowed funds 1 1 1 1 Allowance for equity funds 2 1 3 2 Other, net 3 3 9 4 Income before income tax expense $ 18 $ 14 $ 50 $ 42 As of June 30, December 31, 2021 2020 Assets: Regulated electric $ 3,665 $ 3,540 Regulated natural gas 350 342 Other (1) 27 37 Total assets $ 4,042 $ 3,919 (1) Consists principally of cash and cash equivalents not included in either the regulated electric or regulated natural gas segments. |
Variable Interest Entities
Variable Interest Entities | 6 Months Ended |
Jun. 30, 2021 | |
EEGH | |
Schedule of Equity Method Investments [Line Items] | |
Variable Interest Entities | Variable Interest Entities The primary beneficiary of a variable interest entity ("VIE") is required to consolidate the VIE and to disclose certain information about its significant variable interests in the VIE. The primary beneficiary of a VIE is the entity that has both 1) the power to direct the activities that most significantly impact the entity's economic performance and 2) the obligation to absorb losses or receive benefits from the entity that could potentially be significant to the VIE. In November 2019, DEI contributed to Eastern Energy Gas a 75% controlling limited partner interest in Cove Point. In December 2019, DEI sold its retained 25% noncontrolling limited partner interest in Cove Point. As part of the GT&S Transaction, Eastern Energy Gas finalized a restructuring which included the disposition of a 50% noncontrolling interest in Cove Point to DEI, which resulted in Eastern Energy Gas owning 100% of the general partner interest and 25% of the limited partnership interest in Cove Point. Eastern Energy Gas concluded that Cove Point is a VIE due to the limited partners lacking the characteristics of a controlling financial interest. Eastern Energy Gas is the primary beneficiary of Cove Point as it has the power to direct the activities that most significantly impact its economic performance as well as the obligation to absorb losses and benefits which could be significant to it. Eastern Energy Gas purchased shared services from Carolina Gas Services, Inc. ("Carolina Gas Services") an affiliated VIE, of $3 million for each of the three-month periods ended June 30, 2021 and 2020, and $6 million and $7 million for the six-month periods ended June 30, 2021 and 2020, respectively. Eastern Energy Gas' Consolidated Balance Sheets included amounts due to Carolina Gas Services of $28 million and $22 million as of June 30, 2021 and December 31, 2020, respectively. Eastern Energy Gas determined that neither it nor any of its consolidated entities is the primary beneficiary of Carolina Gas Services as neither it nor any of its consolidated entities has both the power to direct the activities that most significantly impact its economic performance as well as the obligation to absorb losses and benefits which could be significant to them. Carolina Gas Services provides marketing and operational services. Neither Eastern Energy Gas nor any of its consolidated entities has any obligation to absorb more than its allocated share of Carolina Gas Services costs. Prior to the GT&S Transaction, Eastern Energy Gas purchased shared services from Dominion Energy Questar Pipeline Services, Inc. ("DEQPS"), an affiliated VIE, of $7 million and $14 million for the three- and six-month periods ended June 30, 2020, respectively. Eastern Energy Gas determined that neither it nor any of its consolidated entities was the primary beneficiary of DEQPS, as neither it nor any of its consolidated entities has both the power to direct the activities that most significantly impact their economic performance as well as the obligation to absorb losses and benefits which could be significant to them. DEQPS provided marketing and operational services. Neither Eastern Energy Gas nor any of its consolidated entities had any obligation to absorb more than its allocated share of DEQPS costs. Prior to the GT&S Transaction, Eastern Energy Gas purchased shared services from Dominion Energy Services, Inc. ("DES"), an affiliated VIE, of $27 million and $58 million for the three- and six-month periods ended June 30, 2020, respectively. Eastern Energy Gas determined that neither it nor any of its consolidated entities was the primary beneficiary of DES as neither it nor any of its consolidated entities had both the power to direct the activities that most significantly impact their economic performance as well as the obligation to absorb losses and benefits which could be significant to them. DES provided accounting, legal, finance and certain administrative and technical services. Neither Eastern Energy Gas nor any of its consolidated entities had any obligation to absorb more than its allocated share of DES costs. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2021 | |
EEGH | |
Schedule of Equity Method Investments [Line Items] | |
Related Party Transactions | Related Party Transactions Transactions Prior to the GT&S Transaction Prior to the GT&S Transaction, Eastern Energy Gas engaged in related party transactions primarily with other DEI subsidiaries (affiliates). Eastern Energy Gas' receivable and payable balances with affiliates were settled based on contractual terms or on a monthly basis, depending on the nature of the underlying transactions. Through October 31, 2020, Eastern Energy Gas was included in DEI's consolidated federal income tax return and, where applicable, combined state income tax returns. All affiliate payables or receivables were settled with DEI prior to the closing of the GT&S Transaction. Eastern Energy Gas transacted with affiliates for certain quantities of natural gas and other commodities at market prices in the ordinary course of business. Additionally, Eastern Energy Gas provided transportation and storage services to affiliates. Eastern Energy Gas also entered into certain other contracts with affiliates, and related parties, including construction services, which were presented separately from contracts involving commodities or services. Eastern Energy Gas participated in certain DEI benefit plans as described in Note 7. DES, Carolina Gas Services, DEQPS and other affiliates provided accounting, legal, finance and certain administrative and technical services to Eastern Energy Gas. Eastern Energy Gas provided certain services to related parties, including technical services. The financial statements for the three-month and six-month periods ended June 30, 2020 include costs for certain general, administrative and corporate expenses assigned by DES, Carolina Gas Services and DEQPS to Eastern Energy Gas on the basis of direct and allocated methods in accordance with Eastern Energy Gas' services agreements with DES, Carolina Gas Services and DEQPS. Where costs incurred cannot be determined by specific identification, the costs were allocated based on the proportional level of effort devoted by DES, Carolina Gas Services and DEQPS resources that is attributable to the entity, determined by reference to number of employees, salaries and wages and other similar measures for the relevant DES service. Management believes the assumptions and methodologies underlying the allocation of general corporate overhead expenses are reasonable. Subsequent to the GT&S Transaction, and with the exception of Cove Point, Eastern Energy Gas' transactions with other DEI subsidiaries are no longer related-party transactions. Presented below are Eastern Energy Gas' significant transactions with DES, Carolina Gas Services, DEQPS and other affiliated and related parties for the three- and six-month periods ended June 30, 2020 (in millions): Three-Month Period Six-Month Period Ended June 30, 2020 Ended June 30, 2020 Sales of natural gas and transportation and storage services $ 60 $ 128 Purchases of natural gas and transportation and storage services 3 6 Services provided by related parties (1) 37 80 Services provided to related parties (2) 29 61 (1) Includes capitalized expenditures of $4 million and $7 million for the three- and six-month periods ended June 30, 2020, respectively. (2) Amounts primarily attributable to Atlantic Coast Pipeline, LLC, a related-party VIE prior to the GT&S Transaction. Interest income related to Eastern Energy Gas' affiliated notes receivable from DEI was $12 million and $23 million for the three- and six-month periods ended June 30, 2020, respectively. Interest income related to Eastern Energy Gas' affiliated notes receivable from East Ohio Gas Company was $15 million and $33 million for the three- and six-month periods ended June 30, 2020, respectively. For the six-month period ended June 30, 2020, Eastern Energy Gas distributed $1.7 billion to DEI. Transactions Subsequent to the GT&S Transaction Eastern Energy Gas is party to a tax-sharing agreement and is part of the Berkshire Hathaway consolidated United States federal income tax return. For current federal and state income taxes, Eastern Energy Gas had a receivable from BHE of $76 million and $20 million as of June 30, 2021 and December 31, 2020, respectively. Presented below are Eastern Energy Gas' significant transactions with affiliated and related parties for the three- and six-month periods ended June 30, 2021 (in millions): Three-Month Period Six-Month Period Ended June 30, 2021 Ended June 30, 2021 Sales of natural gas and transportation and storage services $ 7 $ 14 Services provided by related parties 8 15 Services provided to related parties 7 16 Other assets included amounts due from an affiliate of $5 million and $7 million as of June 30, 2021 and December 31, 2020, respectively. Eastern Energy Gas has a $400 million intercompany revolving credit agreement from its parent, BHE GT&S, LLC ("BHE GT&S") expiring in November 2021. The credit facility, which is for general corporate purposes and provides for the issuance of letters of credit, has a variable interest rate based on London Interbank Offered Rate ("LIBOR") plus a fixed spread. As of June 30, 2021 and December 31, 2020, $— million and $9 million, respectively, was outstanding under the credit agreement. BHE GT&S has an intercompany revolving credit agreement from Eastern Energy Gas expiring in December 2021. In March 2021, BHE GT&S increased its credit facility limit from $200 million to $400 million. The credit agreement has a variable interest rate based on LIBOR plus a fixed spread. As of June 30, 2021 and December 31, 2020, $16 million and $124 million, respectively, was outstanding under the credit agreement. Eastern Energy Gas participates in certain MidAmerican Energy benefit plans as described in Note 7. As of June 30, 2021 and December 31, 2020, Eastern Energy Gas' amount due to MidAmerican Energy associated with these plans and reflected in other long-term liabilities on the Consolidated Balance Sheets was $110 million and $115 million, respectively. |
General (Policies)
General (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
PAC | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income materially equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 and 2020 are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
MEC | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Financial Statements as of June 30, 2021, and for the three- and six-month periods ended June 30, 2021 and 2020. The Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021, are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Financial Statements. |
Cash and Cash Equivalents | Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist substantially of funds restricted for wildlife preservation. |
MidAmerican Funding, LLC | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021, and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income materially equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021, are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
Cash and Cash Equivalents | Cash equivalents consist of funds invested in money market mutual funds, United States Treasury Bills and other investments with a maturity of three months or less when purchased. Cash and cash equivalents exclude amounts where availability is restricted by legal requirements, loan agreements or other contractual provisions. Restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, consist substantially of funds restricted for wildlife preservation. |
NPC | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
SPPC | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The Consolidated Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
EEGH | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |
Basis of Accounting | The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and the United States Securities and Exchange Commission's rules and regulations for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the disclosures required by GAAP for annual financial statements. Management believes the unaudited Consolidated Financial Statements contain all adjustments (consisting only of normal recurring adjustments) considered necessary for the fair presentation of the unaudited Consolidated Financial Statements as of June 30, 2021 and for the three- and six-month periods ended June 30, 2021 and 2020. The results of operations for the three- and six-month periods ended June 30, 2021 are not necessarily indicative of the results to be expected for the full year. |
Use of Estimates | The preparation of the unaudited Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited Consolidated Financial Statements and the reported amounts of revenue and expenses during the period. Actual results may differ from the estimates used in preparing the unaudited Consolidated Financial Statements. |
Business Acquisition (Tables)
Business Acquisition (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions): Fair Value Current assets, including cash and cash equivalents of $104 $ 582 Property, plant and equipment 9,264 Goodwill 1,741 Regulatory assets 108 Deferred income taxes 284 Other long-term assets 1,424 Total assets 13,403 Current liabilities, including current portion of long-term debt of $1,200 1,616 Long-term debt, less current portion 4,415 Regulatory liabilities 650 Other long-term liabilities 292 Total liabilities 6,973 Noncontrolling interest 3,916 Net assets acquired $ 2,514 |
Summary of Pro Forma Information | Pro Forma Financial Information The following unaudited pro forma financial information reflects the consolidated results of operations of BHE and the amortization of the purchase price adjustments assuming the acquisition had taken place on January 1, 2019, excluding non-recurring transaction costs incurred by BHE during 2020 (in millions): Six-Month Period Ended June 30, 2020 Operating revenue $ 10,120 Net income attributable to BHE shareholders $ 1,616 |
Cash and Cash Equivalents and_2
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 1,331 $ 1,290 Restricted cash and cash equivalents 154 140 Investments and restricted cash and cash equivalents and investments 15 15 Total cash and cash equivalents and restricted cash and cash equivalents $ 1,500 $ 1,445 |
PAC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 44 $ 13 Restricted cash included in other current assets 3 4 Restricted cash included in other assets 3 2 Total cash and cash equivalents and restricted cash and cash equivalents $ 50 $ 19 |
MEC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 30 $ 38 Restricted cash and cash equivalents in other current assets 8 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 38 $ 45 |
MidAmerican Funding, LLC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 31 $ 39 Restricted cash and cash equivalents in other current assets 8 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 39 $ 46 |
NPC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 79 $ 25 Restricted cash and cash equivalents included in other current assets 9 11 Total cash and cash equivalents and restricted cash and cash equivalents $ 88 $ 36 |
SPPC | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 9 $ 19 Restricted cash and cash equivalents included in other current assets 6 7 Total cash and cash equivalents and restricted cash and cash equivalents $ 15 $ 26 |
EEGH | |
Condensed Cash Flow Statements, Captions [Line Items] | |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 86 $ 35 Restricted cash and cash equivalents 11 13 Total cash and cash equivalents and restricted cash and cash equivalents $ 97 $ 48 |
Property, Plant and Equipment_2
Property, Plant and Equipment, Net (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment | Property, plant and equipment, net consists of the following (in millions): As of Depreciable June 30, December 31, Life 2021 2020 Regulated assets: Utility generation, transmission and distribution systems 5-80 years $ 88,748 $ 86,730 Interstate natural gas pipeline assets 3-80 years 16,772 16,667 105,520 103,397 Accumulated depreciation and amortization (31,935) (30,662) Regulated assets, net 73,585 72,735 Nonregulated assets: Independent power plants 5-30 years 7,058 7,012 Other assets 3-40 years 5,911 5,659 12,969 12,671 Accumulated depreciation and amortization (2,819) (2,586) Nonregulated assets, net 10,150 10,085 Net operating assets 83,735 82,820 Construction work-in-progress 3,887 3,308 Property, plant and equipment, net $ 87,622 $ 86,128 |
PAC | |
Property, Plant and Equipment [Line Items] | |
Public Utility Property, Plant, and Equipment | Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility Plant: Generation 15 - 59 years $ 13,592 $ 12,861 Transmission 60 - 90 years 7,740 7,632 Distribution 20 - 75 years 7,815 7,660 Intangible plant (1) 5 - 75 years 1,081 1,054 Other 5 - 60 years 1,529 1,510 Utility plant in service 31,757 30,717 Accumulated depreciation and amortization (10,180) (9,838) Utility plant in service, net 21,577 20,879 Other non-regulated, net of accumulated depreciation and amortization 14 - 95 years 9 9 Plant, net 21,586 20,888 Construction work-in-progress 1,089 1,542 Property, plant and equipment, net $ 22,675 $ 22,430 (1) Computer software costs included in intangible plant are initially assigned a depreciable life of 5 to 10 years. |
MEC | |
Property, Plant and Equipment [Line Items] | |
Public Utility Property, Plant, and Equipment | Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility plant in service, net: Generation 20-70 years $ 17,083 $ 16,980 Transmission 52-75 years 2,364 2,365 Electric distribution 20-75 years 4,468 4,369 Natural gas distribution 29-75 years 1,988 1,955 Utility plant in service 25,903 25,669 Accumulated depreciation and amortization (7,241) (6,902) Utility plant in service, net 18,662 18,767 Nonregulated property, net: Nonregulated property gross 20-50 years 7 7 Accumulated depreciation and amortization (1) (1) Nonregulated property, net 6 6 18,668 18,773 Construction work-in-progress 805 506 Property, plant and equipment, net $ 19,473 $ 19,279 |
NPC | |
Property, Plant and Equipment [Line Items] | |
Public Utility Property, Plant, and Equipment | Property, plant and equipment, net consists of the following (in millions): As of Depreciable Life June 30, December 31, 2021 2020 Utility plant: Generation 30 - 55 years $ 3,776 $ 3,690 Transmission 45 - 70 years 1,483 1,468 Distribution 20 - 65 years 3,836 3,771 General and intangible plant 5 - 65 years 800 791 Utility plant 9,895 9,720 Accumulated depreciation and amortization (3,285) (3,162) Utility plant, net 6,610 6,558 Other non-regulated, net of accumulated depreciation and amortization 45 years 1 1 Plant, net 6,611 6,559 Construction work-in-progress 202 142 Property, plant and equipment, net $ 6,813 $ 6,701 |
SPPC | |
Property, Plant and Equipment [Line Items] | |
Public Utility Property, Plant, and Equipment | Property, plant and equipment, net consists of the following (in millions): As of Depreciable Life June 30, December 31, 2021 2020 Utility plant: Electric generation 25 - 60 years $ 1,140 $ 1,130 Electric transmission 50 - 100 years 917 908 Electric distribution 20 - 100 years 1,774 1,754 Electric general and intangible plant 5 - 70 years 191 189 Natural gas distribution 35 - 70 years 432 429 Natural gas general and intangible plant 5 - 70 years 15 15 Common general 5 - 70 years 357 355 Utility plant 4,826 4,780 Accumulated depreciation and amortization (1,806) (1,755) Utility plant, net 3,020 3,025 Other non-regulated, net of accumulated depreciation and amortization 70 years 2 2 Plant, net 3,022 3,027 Construction work-in-progress 210 137 Property, plant and equipment, net $ 3,232 $ 3,164 |
EEGH | |
Property, Plant and Equipment [Line Items] | |
Property, Plant and Equipment | Property, plant and equipment, net consists of the following (in millions): As of June 30, December 31, Depreciable Life 2021 2020 Utility Plant: Interstate natural gas pipeline assets 24 - 43 years $ 8,457 $ 8,382 Intangible plant 5 - 10 years 111 115 Utility plant in service 8,568 8,497 Accumulated depreciation and amortization (2,816) (2,759) Utility plant in service, net 5,752 5,738 Nonutility Plant: LNG facility 40 years 4,465 4,454 Intangible plant 14 years 25 25 Nonutility plant in service 4,490 4,479 Accumulated depreciation and amortization (366) (283) Nonutility plant in service, net 4,124 4,196 Plant, net 9,876 9,934 Construction work-in-progress 259 210 Property, plant and equipment, net $ 10,135 $ 10,144 |
Investments and Restricted Ca_2
Investments and Restricted Cash and Cash Equivalents and Investments (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Restricted Cash and Cash Equivalents Items [Line Items] | |
Investments and Restricted Cash | Investments and restricted cash and cash equivalents and investments consists of the following (in millions): As of June 30, December 31, 2021 2020 Investments: BYD Company Limited common stock $ 6,727 $ 5,897 Rabbi trusts 472 440 Other 299 263 Total investments 7,498 6,600 Equity method investments: BHE Renewables tax equity investments 5,302 5,626 Iroquois Gas Transmission System, L.P. 584 580 Electric Transmission Texas, LLC 571 594 JAX LNG, LLC 86 75 Bridger Coal Company 71 74 Other 145 118 Total equity method investments 6,759 7,067 Restricted cash and cash equivalents and investments: Quad Cities Station nuclear decommissioning trust funds 728 676 Other restricted cash and cash equivalents 169 155 Total restricted cash and cash equivalents and investments 897 831 Total investments and restricted cash and cash equivalents and investments $ 15,154 $ 14,498 Reflected as: Current assets $ 194 $ 178 Noncurrent assets 14,960 14,320 Total investments and restricted cash and cash equivalents and investments $ 15,154 $ 14,498 |
Unrealized Gain (Loss) on Investments | Gains on marketable securities, net recognized during the period consists of the following (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Unrealized gains recognized on marketable securities still held at the reporting date $ 1,966 $ 584 $ 847 $ 609 Net (losses) gains recognized on marketable securities sold during the period — (1) 1 1 Gains on marketable securities, net $ 1,966 $ 583 $ 848 $ 610 |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 1,331 $ 1,290 Restricted cash and cash equivalents 154 140 Investments and restricted cash and cash equivalents and investments 15 15 Total cash and cash equivalents and restricted cash and cash equivalents $ 1,500 $ 1,445 |
EEGH | |
Restricted Cash and Cash Equivalents Items [Line Items] | |
Investments and Restricted Cash | Investments and restricted cash and cash equivalents consists of the following (in millions): As of June 30, December 31, 2021 2020 Investments: Investment funds $ 13 $ — Equity method investments: Iroquois 247 244 Total investments 260 244 Restricted cash and cash equivalents: Customer deposits 11 13 Total restricted cash and cash equivalents 11 13 Total investments and restricted cash and cash equivalents $ 271 $ 257 Reflected as: Current assets $ 11 $ 13 Noncurrent assets 260 244 Total investments and restricted cash and cash equivalents $ 271 $ 257 |
Schedule of Cash and Cash Equivalents | A reconciliation of cash and cash equivalents and restricted cash and cash equivalents as of June 30, 2021 and December 31, 2020, as presented in the Consolidated Statements of Cash Flows is outlined below and disaggregated by the line items in which they appear on the Consolidated Balance Sheets (in millions): As of June 30, December 31, 2021 2020 Cash and cash equivalents $ 86 $ 35 Restricted cash and cash equivalents 11 13 Total cash and cash equivalents and restricted cash and cash equivalents $ 97 $ 48 |
Recent Financing Transactions (
Recent Financing Transactions (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
EEGH | |
Debt Instrument [Line Items] | |
Schedule of Long-term Debt Instruments | The following table details the exchanged notes prior to, and subsequent to, the transaction (in millions): Prior to Exchange Subsequent to Exchange Eastern Energy Gas Par Value Eastern Energy Gas Par Value EGTS 3.6% Senior Notes due 2024 $ 450 $ 339 $ 111 3.0% Senior Notes due 2029 600 174 426 4.8% Senior Notes due 2043 400 54 346 4.6% Senior Notes due 2044 500 56 444 3.9% Senior Notes due 2049 300 27 273 $ 2,250 $ 650 $ 1,600 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense (benefit) is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (13) (20) (27) (28) State income tax, net of federal income tax impacts 4 2 2 1 Income tax effect of foreign income 3 (2) 3 (2) Effects of ratemaking (2) (1) (4) (3) Equity income — (1) (2) (1) Noncontrolling interest (1) — (2) — Other, net — — 1 — Effective income tax rate 12 % (1) % (8) % (12) % |
PAC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % State income tax, net of federal income tax benefit 4 3 4 3 Federal income tax credits (19) (9) (19) (10) Effects of ratemaking (15) (2) (14) (11) Other — 1 — — Effective income tax rate (9) % 14 % (8) % 3 % |
MEC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to MidAmerican Energy's effective income tax rate applicable to income before income tax benefit is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (271) (186) (634) (257) State income tax, net of federal income tax impacts (31) (35) (32) (33) Effects of ratemaking (15) (9) (21) (7) Other, net 2 2 — 1 Effective income tax rate (294) % (207) % (666) % (275) % |
MidAmerican Funding, LLC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to MidAmerican Funding's effective income tax rate applicable to income before income tax benefit is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Income tax credits (286) (192) (764) (269) State income tax, net of federal income tax impacts (33) (37) (41) (35) Effects of ratemaking (16) (9) (26) (7) Other, net — 2 — 1 Effective income tax rate (314) % (215) % (810) % (289) % |
NPC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Effects of ratemaking (11) 1 (11) 1 Effective income tax rate 10 % 22 % 10 % 22 % |
SPPC | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % Effects of ratemaking (11) (14) (9) (10) Income tax credits (1) — — — Other (3) — (2) (1) Effective income tax rate 6 % 7 % 10 % 10 % |
EEGH | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows: Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Federal statutory income tax rate 21 % 21 % 21 % 21 % State income tax, net of federal income tax benefit 2 11 3 114 Equity interest 1 (1) 1 (27) Effects of ratemaking (1) 1 (1) 17 AFUDC-equity — — — 11 Noncontrolling interest (12) 3 (11) 78 Write-off of regulatory assets — (3) — (39) Other, net 2 — — 1 Effective income tax rate 13 % 32 % 13 % 176 % |
Employee Benefit Plans (Tables)
Employee Benefit Plans (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Defined Benefit Plans Disclosures | Domestic Operations Net periodic benefit cost (credit) for the domestic pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ 8 $ 4 $ 15 $ 7 Interest cost 18 23 38 46 Expected return on plan assets (36) (35) (69) (70) Net amortization 7 8 13 17 Net periodic benefit credit $ (3) $ — $ (3) $ — Other postretirement: Service cost $ 4 $ 3 $ 6 $ 4 Interest cost 5 4 10 10 Expected return on plan assets (6) (7) (11) (16) Net amortization (1) (3) (2) (4) Net periodic benefit cost (credit) $ 2 $ (3) $ 3 $ (6) Foreign Operations Net periodic benefit credit for the United Kingdom pension plan included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Service cost $ 4 $ 4 $ 8 $ 8 Interest cost 7 10 15 20 Expected return on plan assets (28) (25) (56) (50) Net amortization 14 11 28 21 Net periodic benefit credit $ (3) $ — $ (5) $ (1) |
PAC | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Defined Benefit Plans Disclosures | Net periodic benefit cost (credit) for the pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ — $ — $ — $ — Interest cost 7 9 14 18 Expected return on plan assets (14) (14) (27) (28) Net amortization 5 4 10 9 Net periodic benefit credit $ (2) $ (1) $ (3) $ (1) Other postretirement: Service cost $ 1 $ 1 $ 1 $ 1 Interest cost 2 2 4 5 Expected return on plan assets (2) (3) (4) (7) Net amortization — — — — Net periodic benefit cost (credit) $ 1 $ — $ 1 $ (1) |
MEC | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Defined Benefit Plans Disclosures | Net periodic benefit cost (credit) for the plans of MidAmerican Energy and the aforementioned affiliates included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ 5 $ 1 $ 10 $ 2 Interest cost 5 6 11 12 Expected return on plan assets (10) (10) (19) (20) Net amortization 1 1 1 1 Net periodic benefit cost (credit) $ 1 $ (2) $ 3 $ (5) Other postretirement: Service cost $ 2 $ 1 $ 4 $ 2 Interest cost 2 1 4 3 Expected return on plan assets (3) (3) (5) (6) Net amortization (1) (2) (2) (3) Net periodic benefit (credit) cost $ — $ (3) $ 1 $ (4) |
NPC | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Amounts Recognized in Balance Sheet | Amounts receivable from (payable to) NV Energy are included on the Consolidated Balance Sheets and consist of the following (in millions): As of June 30, December 31, 2021 2020 Qualified Pension Plan: Other non-current assets $ 10 $ 8 Non-Qualified Pension Plans: Other current liabilities (1) (1) Other long-term liabilities (9) (9) Other Postretirement Plans: Other non-current assets 4 4 |
SPPC | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Amounts Recognized in Balance Sheet | Amounts receivable from (payable to) NV Energy are included on the Consolidated Balance Sheets and consist of the following (in millions): As of June 30, December 31, 2021 2020 Qualified Pension Plan: Other non-current assets $ 29 $ 26 Non-Qualified Pension Plans: Other current liabilities (1) (1) Other long-term liabilities (8) (8) Other Postretirement Plans: Other long-term liabilities (14) (13) |
EEGH | |
Defined Benefit Plan Disclosure [Line Items] | |
Schedule of Net Benefit Costs (Credits) | Net periodic benefit credit for the pension and other postretirement benefit plans included the following components (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Pension: Service cost $ — $ 2 $ — $ 3 Interest cost — 2 — 5 Expected return on plan assets — (14) — (28) Net amortization — 2 — 4 Net periodic benefit credit $ — $ (8) $ — $ (16) Other Postretirement: Service cost $ — $ — $ — $ 1 Interest cost — 1 — 2 Expected return on plan assets — (5) — (10) Net amortization — — — (1) Net periodic benefit credit $ — $ (4) $ — $ (8) |
Risk Management and Hedging A_2
Risk Management and Hedging Activities (Tables) - PAC | 6 Months Ended |
Jun. 30, 2021 | |
Derivative [Line Items] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table, which reflects master netting arrangements and excludes contracts that have been designated as normal under the normal purchases or normal sales exception afforded by GAAP, summarizes the fair value of PacifiCorp's derivative contracts, on a gross basis, and reconciles those amounts to the amounts presented on a net basis on the Consolidated Balance Sheets (in millions): Other Other Other Current Other Current Long-term Assets Assets Liabilities Liabilities Total As of June 30, 2021 Not designated as hedging contracts (1) : Commodity assets $ 118 $ 23 $ 7 $ — $ 148 Commodity liabilities (3) (1) (26) (16) (46) Total 115 22 (19) (16) 102 Total derivatives 115 22 (19) (16) 102 Cash collateral (payable) receivable (16) — 5 — (11) Total derivatives - net basis $ 99 $ 22 $ (14) $ (16) $ 91 As of December 31, 2020 Not designated as hedging contracts (1) : Commodity assets $ 29 $ 6 $ 1 $ — $ 36 Commodity liabilities (2) — (23) (28) (53) Total 27 6 (22) (28) (17) Total derivatives 27 6 (22) (28) (17) Cash collateral receivable — — 15 9 24 Total derivatives - net basis $ 27 $ 6 $ (7) $ (19) $ 7 (1) PacifiCorp's commodity derivatives are generally included in rates. As of June 30, 2021 a regulatory liability of $102 million was recorded related to the net derivative asset of $102 million. As of December 31, 2020 a regulatory asset of $17 million was recorded related to the net derivative liability of $17 million. |
Schedule of Regulatory Assets (Liabilities), Net, Unrealized Loss (Gain), Net, on Derivative Contracts | The following table reconciles the beginning and ending balances of PacifiCorp's net regulatory assets and summarizes the pre-tax gains and losses on commodity derivative contracts recognized in net regulatory assets, as well as amounts reclassified to earnings (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Beginning balance $ — $ 84 $ 17 $ 62 Changes in fair value (102) (6) (119) 28 Net (losses) gains reclassified to operating revenue (5) 5 (5) 13 Net gains (losses) reclassified to cost of fuel and energy 5 (15) 5 (35) Ending balance $ (102) $ 68 $ (102) $ 68 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table summarizes the net notional amounts of outstanding commodity derivative contracts with fixed price terms that comprise the mark-to-market values as of (in millions): Unit of June 30, December 31, Measure 2021 2020 Electricity sales, net Megawatt hours — (1) Natural gas purchases Decatherms 121 100 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents the Company's financial assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021 Assets: Commodity derivatives $ 5 $ 232 $ 158 $ (40) $ 355 Foreign currency exchange rate derivatives — 16 — — 16 Interest rate derivatives — 1 42 — 43 Mortgage loans held for sale — 2,082 — — 2,082 Money market mutual funds (2) 795 — — — 795 Debt securities: United States government obligations 222 — — — 222 International government obligations — 5 — — 5 Corporate obligations — 78 — — 78 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 1 — — 1 Equity securities: United States companies 412 — — — 412 International companies 6,735 — — — 6,735 Investment funds 266 — — — 266 $ 8,435 $ 2,417 $ 200 $ (40) $ 11,012 Liabilities: Commodity derivatives $ (1) $ (100) $ (53) $ 34 $ (120) Foreign currency exchange rate derivatives — (5) — — (5) Interest rate derivatives (3) (16) (1) 4 (16) $ (4) $ (121) $ (54) $ 38 $ (141) Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of December 31, 2020 Assets: Commodity derivatives $ 1 $ 73 $ 135 $ (21) $ 188 Foreign currency exchange rate derivatives — 20 — — 20 Interest rate derivatives — — 62 — 62 Mortgage loans held for sale — 2,001 — — 2,001 Money market mutual funds (2) 873 — — — 873 Debt securities: United States government obligations 200 — — — 200 International government obligations — 5 — — 5 Corporate obligations — 73 — — 73 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 6 — — 6 Equity securities: United States companies 381 — — — 381 International companies 5,906 — — — 5,906 Investment funds 201 — — — 201 $ 7,562 $ 2,180 $ 197 $ (21) $ 9,918 Liabilities: Commodity derivatives $ (1) $ (90) $ (19) $ 56 $ (54) Foreign currency exchange rate derivatives — (2) — — (2) Interest rate derivatives (5) (60) — — (65) $ (6) $ (152) $ (19) $ 56 $ (121) (1) Represents netting under master netting arrangements and a net cash collateral payable of $2 million as of June 30, 2021 and a net cash collateral receivable of $35 million as of December 31, 2020. (2) Amounts are included in cash and cash equivalents; other current assets; and noncurrent investments and restricted cash and investments on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value Assets and Liabilities Net Measured On Recurring Basis Unobservable Input Reconciliation | The following table reconciles the beginning and ending balances of the Company's assets and liabilities measured at fair value on a recurring basis using significant Level 3 inputs (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, Interest Interest Commodity Rate Commodity Rate Derivatives Derivatives Derivatives Derivatives 2021: Beginning balance $ 124 $ 41 $ 116 $ 62 Changes included in earnings (1) (10) — (16) (21) Changes in fair value recognized in OCI (6) — (7) — Changes in fair value recognized in net regulatory assets (7) — 9 — Purchases 1 — 1 — Settlements 3 — 2 — Ending balance $ 105 $ 41 $ 105 $ 41 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, Interest Interest Commodity Rate Commodity Rate Derivatives Derivatives Derivatives Derivatives 2020: Beginning balance $ 52 $ 45 $ 97 $ 14 Changes included in earnings (1) (1) 33 (4) 64 Changes in fair value recognized in net regulatory assets (16) — (56) — Purchases 1 — 3 — Settlements 8 — 4 — Ending balance $ 44 $ 78 $ 44 $ 78 (1) Changes included in earnings for interest rate derivatives are reported net of amounts related to the satisfaction of the associated loan commitment. |
Fair Value, by Balance Sheet Grouping | The following table presents the carrying value and estimated fair value of the Company's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 48,873 $ 57,059 $ 49,866 $ 60,633 |
PAC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents PacifiCorp's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021 Assets: Commodity derivatives $ — $ 148 $ — $ (27) $ 121 Money market mutual funds (2) 36 — — — 36 Investment funds 31 — — — 31 $ 67 $ 148 $ — $ (27) $ 188 Liabilities - Commodity derivatives $ — $ (46) $ — $ 16 $ (30) As of December 31, 2020 Assets: Commodity derivatives $ — $ 36 $ — $ (3) $ 33 Money market mutual funds (2) 6 — — — 6 Investment funds 25 — — — 25 $ 31 $ 36 $ — $ (3) $ 64 Liabilities - Commodity derivatives $ — $ (53) $ — $ 27 $ (26) (1) Represents netting under master netting arrangements and a net cash collateral payable of $11 million and a net cash collateral receivable of $24 million as of June 30, 2021 and December 31, 2020, respectively. (2) Amounts are included in cash and cash equivalents, other current assets and other assets on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value, by Balance Sheet Grouping | PacifiCorp's long-term debt is carried at cost on the Consolidated Balance Sheets. The fair value of PacifiCorp's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of PacifiCorp's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of PacifiCorp's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 8,214 $ 10,133 $ 8,612 $ 10,995 |
MEC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents MidAmerican Energy's financial assets and liabilities recognized on the Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of June 30, 2021: Assets: Commodity derivatives $ — $ 20 $ 4 $ (4) $ 20 Money market mutual funds (2) 7 — — — 7 Debt securities: United States government obligations 222 — — — 222 International government obligations — 5 — — 5 Corporate obligations — 78 — — 78 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 1 — — 1 Equity securities: United States companies 412 — — — 412 International companies 8 — — — 8 Investment funds 24 — — — 24 $ 673 $ 106 $ 4 $ (4) $ 779 Liabilities - commodity derivatives $ (1) $ (2) $ (5) $ 7 $ (1) Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Other (1) Total As of December 31, 2020: Assets: Commodity derivatives $ — $ 4 $ 5 $ (5) $ 4 Money market mutual funds (2) 41 — — — 41 Debt securities: United States government obligations 200 — — — 200 International government obligations — 5 — — 5 Corporate obligations — 73 — — 73 Municipal obligations — 2 — — 2 Agency, asset and mortgage-backed obligations — 6 — — 6 Equity securities: United States companies 381 — — — 381 International companies 9 — — — 9 Investment funds 17 — — — 17 $ 648 $ 90 $ 5 $ (5) $ 738 Liabilities - commodity derivatives $ — $ (4) $ (3) $ 5 $ (2) (1) Represents netting under master netting arrangements and a net cash collateral receivable of $3 million and $— million as of June 30, 2021 and December 31, 2020, respectively. (2) Amounts are included in cash and cash equivalents and investments and restricted investments on the Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value, by Balance Sheet Grouping | MidAmerican Energy's long-term debt is carried at cost on the Balance Sheets. The fair value of MidAmerican Energy's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of MidAmerican Energy's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of MidAmerican Energy's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Long-term debt $ 7,224 $ 8,698 $ 7,210 $ 9,130 |
MidAmerican Funding, LLC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, by Balance Sheet Grouping | MidAmerican Funding's long-term debt is carried at cost on the Consolidated Financial Statements. The fair value of MidAmerican Funding's long-term debt is a Level 2 fair value measurement and has been estimated based upon quoted market prices, where available, or at the present value of future cash flows discounted at rates consistent with comparable maturities with similar credit risks. The carrying value of MidAmerican Funding's variable-rate long-term debt approximates fair value because of the frequent repricing of these instruments at market rates. The following table presents the carrying value and estimated fair value of MidAmerican Funding's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Long-term debt $ 7,464 $ 9,020 $ 7,450 $ 9,466 |
NPC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents Nevada Power's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Commodity derivatives $ — $ — $ 52 $ 52 Money market mutual funds (1) 70 — — 70 Investment funds 2 — — 2 $ 72 $ — $ 52 $ 124 Liabilities - commodity derivatives $ — $ — $ (27) $ (27) As of December 31, 2020 Assets: Commodity derivatives $ — $ — $ 26 $ 26 Money market mutual funds (1) 21 — — 21 Investment funds 2 — — 2 $ 23 $ — $ 26 $ 49 Liabilities - commodity derivatives $ — $ — $ (11) $ (11) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation | The following table reconciles the beginning and ending balances of Nevada Power's commodity derivative assets and liabilities measured at fair value on a recurring basis using significant Level 3 inputs (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Beginning balance $ 27 $ (38) $ 15 $ (8) Changes in fair value recognized in regulatory assets (6) (13) 5 (44) Settlements 4 7 5 8 Ending balance $ 25 $ (44) $ 25 $ (44) |
Fair Value, by Balance Sheet Grouping | The following table presents the carrying value and estimated fair value of Nevada Power's long‑term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 2,498 $ 3,105 $ 2,496 $ 3,245 |
SPPC | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents Sierra Pacific's assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Commodity derivatives $ — $ — $ 18 $ 18 Money market mutual funds (1) 8 — — 8 $ 8 $ — $ 18 $ 26 Liabilities - commodity derivatives $ — $ — $ (6) $ (6) As of December 31, 2020 Assets: Commodity derivatives $ — $ — $ 9 $ 9 Money market mutual funds (1) 17 — — 17 $ 17 $ — $ 9 $ 26 Liabilities - commodity derivatives $ — $ — $ (2) $ (2) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value, by Balance Sheet Grouping | The following table presents the carrying value and estimated fair value of Sierra Pacific's long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 1,164 $ 1,324 $ 1,164 $ 1,358 |
EEGH | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents Eastern Energy Gas' financial assets and liabilities recognized on the Consolidated Balance Sheets and measured at fair value on a recurring basis (in millions): Input Levels for Fair Value Measurements Level 1 Level 2 Level 3 Total As of June 30, 2021 Assets: Foreign currency exchange rate derivatives $ — $ 16 $ — $ 16 Money market mutual funds (1) 45 — — 45 Investment funds 13 — — 13 $ 58 $ 16 $ — $ 74 Liabilities: Foreign currency exchange rate derivatives $ — $ (5) $ — $ (5) $ — $ (5) $ — $ (5) As of December 31, 2020 Assets: Foreign currency exchange rate derivatives $ — $ 20 $ — $ 20 $ — $ 20 $ — $ 20 Liabilities: Commodity derivatives $ — $ (1) $ — $ (1) Foreign currency exchange rate derivatives — (2) — (2) Interest rate derivatives — (6) — (6) $ — $ (9) $ — $ (9) (1) Amounts are included in cash and cash equivalents on the Consolidated Balance Sheets. The fair value of these money market mutual funds approximates cost. |
Fair Value, by Balance Sheet Grouping | The following table presents the carrying value and estimated fair value of Eastern Energy Gas' long-term debt (in millions): As of June 30, 2021 As of December 31, 2020 Carrying Fair Carrying Fair Value Value Value Value Long-term debt $ 3,916 $ 4,298 $ 4,425 $ 5,012 |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes the Company's energy products and services revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business, including a reconciliation to the Company's reportable segment information included in Note 13 (in millions): For the Three-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,188 $ 516 $ 708 $ — $ — $ — $ — $ (1) $ 2,411 Retail gas — 89 20 — — — — — 109 Wholesale 30 69 10 — — — — (1) 108 Transmission and 37 15 22 243 — 178 — — 495 Interstate pipeline — — — — 458 — — (25) 433 Other 31 — 1 — (1) — — — 31 Total Regulated 1,286 689 761 243 457 178 — (27) 3,587 Nonregulated — 1 1 8 232 7 239 124 612 Total Customer Revenue 1,286 690 762 251 689 185 239 97 4,199 Other revenue 12 3 5 29 17 (3) 28 11 102 Total $ 1,298 $ 693 $ 767 $ 280 $ 706 $ 182 $ 267 $ 108 $ 4,301 For the Six-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,333 $ 968 $ 1,219 $ — $ — $ — $ — $ (1) $ 4,519 Retail gas — 549 58 — — — — — 607 Wholesale 66 194 25 — 17 — — (1) 301 Transmission and 62 30 43 506 — 350 — — 991 Interstate pipeline — — — — 1,273 — — (66) 1,207 Other 54 — 1 — 1 — — — 56 Total Regulated 2,515 1,741 1,346 506 1,291 350 — (68) 7,681 Nonregulated — 11 1 18 469 15 405 311 1,230 Total Customer Revenue 2,515 1,752 1,347 524 1,760 365 405 243 8,911 Other revenue 25 8 11 56 39 (3) 52 51 239 Total $ 2,540 $ 1,760 $ 1,358 $ 580 $ 1,799 $ 362 $ 457 $ 294 $ 9,150 For the Three-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,066 $ 468 $ 638 $ — $ — $ — $ — $ — $ 2,172 Retail gas — 84 20 — — — — — 104 Wholesale 17 37 6 — — — — (1) 59 Transmission and 24 18 22 191 — 164 — — 419 Interstate pipeline — — — — 221 — — (26) 195 Other 20 — — — — — — — 20 Total Regulated 1,127 607 686 191 221 164 — (27) 2,969 Nonregulated — 3 1 5 — 5 212 122 348 Total Customer Revenue 1,127 610 687 196 221 169 212 95 3,317 Other revenue 17 6 8 25 4 — 32 10 102 Total $ 1,144 $ 616 $ 695 $ 221 $ 225 $ 169 $ 244 $ 105 $ 3,419 For the Six-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,188 $ 878 $ 1,167 $ — $ — $ — $ — $ — $ 4,233 Retail gas — 271 67 — — — — — 338 Wholesale 17 101 20 — — — — (2) 136 Transmission and 46 33 45 424 — 333 — — 881 Interstate pipeline — — — — 621 — — (74) 547 Other 46 — 1 — — — — — 47 Total Regulated 2,297 1,283 1,300 424 621 333 — (76) 6,182 Nonregulated — 9 2 12 — 8 371 249 651 Total Customer Revenue 2,297 1,292 1,302 436 621 341 371 173 6,833 Other revenue 53 10 15 51 5 — 51 35 220 Total $ 2,350 $ 1,302 $ 1,317 $ 487 $ 626 $ 341 $ 422 $ 208 $ 7,053 (1) The BHE and Other reportable segment represents amounts related principally to other entities, corporate functions and intersegment eliminations. Real Estate Services The following table summarizes the Company's real estate services Customer Revenue by line of business (in millions): HomeServices Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Brokerage $ 1,569 $ 957 $ 2,591 $ 1,734 Franchise 24 15 42 31 Total Customer Revenue 1,593 972 2,633 1,765 Mortgage and other revenue 170 221 362 321 Total $ 1,763 $ 1,193 $ 2,995 $ 2,086 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue by country: United States $ 5,604 $ 4,224 $ 11,201 $ 8,313 United Kingdom 280 221 580 487 Canada 180 167 357 338 Philippines and other — — 7 1 Total operating revenue by country $ 6,064 $ 4,612 $ 12,145 $ 9,139 Income before income tax expense (benefit) and equity loss by country: United States $ 2,611 $ 1,027 $ 2,188 $ 1,381 United Kingdom 104 59 236 168 Canada 46 46 85 86 Philippines and other (1) 13 5 17 Total income before income tax expense (benefit) and equity loss by country $ 2,760 $ 1,145 $ 2,514 $ 1,652 |
Summary of Remaining Performance Obligations | The following table summarizes the Company's revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2021, by reportable segment (in millions): Performance obligations expected to be satisfied: Less than 12 months More than 12 months Total BHE Pipeline Group $ 2,562 $ 21,728 $ 24,290 BHE Transmission 350 — 350 Total $ 2,912 $ 21,728 $ 24,640 |
PAC | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes PacifiCorp's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Retail: Residential $ 429 $ 384 $ 912 $ 844 Commercial 393 346 752 704 Industrial 282 268 553 545 Other retail 84 68 116 95 Total retail 1,188 1,066 2,333 2,188 Wholesale (1) 30 17 66 17 Transmission 37 24 62 46 Other Customer Revenue 31 20 54 46 Total Customer Revenue 1,286 1,127 2,515 2,297 Other revenue 12 17 25 53 Total operating revenue $ 1,298 $ 1,144 $ 2,540 $ 2,350 (1) Includes net payments to counterparties for the financial settlement of certain non-derivative forward contracts for energy sales. |
MEC | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes MidAmerican Energy's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 11, (in millions): For the Three-Month Period Ended June 30, 2021 For the Six-Month Period Ended June 30, 2021 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 170 $ 59 $ — $ 229 $ 331 $ 367 $ — $ 698 Commercial 80 18 — 98 151 147 — 298 Industrial 230 3 — 233 420 15 — 435 Natural gas transportation services — 9 — 9 — 19 — 19 Other retail (1) 36 — — 36 66 1 — 67 Total retail 516 89 — 605 968 549 — 1,517 Wholesale 52 17 — 69 126 68 — 194 Multi-value transmission projects 15 — — 15 30 — — 30 Other Customer Revenue — — 1 1 — — 11 11 Total Customer Revenue 583 106 1 690 1,124 617 11 1,752 Other revenue 3 — — 3 7 1 — 8 Total operating revenue $ 586 $ 106 $ 1 $ 693 $ 1,131 $ 618 $ 11 $ 1,760 For the Three-Month Period Ended June 30, 2020 For the Six-Month Period Ended June 30, 2020 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 166 $ 59 $ — $ 225 $ 314 $ 187 $ — $ 501 Commercial 73 15 — 88 143 58 — 201 Industrial 197 3 — 200 360 7 — 367 Natural gas transportation services — 7 — 7 — 18 — 18 Other retail (1) 32 1 — 33 61 1 — 62 Total retail 468 85 — 553 878 271 — 1,149 Wholesale 28 9 — 37 70 31 — 101 Multi-value transmission projects 17 — — 17 33 — — 33 Other Customer Revenue — — — — — — 1 1 Total Customer Revenue 513 94 — 607 981 302 1 1,284 Other revenue 5 1 — 6 8 2 — 10 Total operating revenue $ 518 $ 95 $ — $ 613 $ 989 $ 304 $ 1 $ 1,294 (1) Other retail includes provisions for rate refunds, for which any actual refunds will be reflected in the applicable customer classes upon resolution of the related regulatory proceeding. |
NPC | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes Nevada Power's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Retail: Residential $ 326 $ 304 $ 521 $ 497 Commercial 110 96 194 190 Industrial 95 83 158 154 Other 3 2 6 5 Total fully bundled 534 485 879 846 Distribution only service 5 6 10 13 Total retail 539 491 889 859 Wholesale, transmission and other 15 12 29 27 Total Customer Revenue 554 503 918 886 Other revenue 5 6 11 12 Total revenue $ 559 $ 509 $ 929 $ 898 |
SPPC | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes Sierra Pacific's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 10 (in millions): Three-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 68 $ 13 $ 81 $ 63 $ 14 $ 77 Commercial 64 5 69 56 4 60 Industrial 42 2 44 34 2 36 Other 1 — 1 1 — 1 Total fully bundled 175 20 195 154 20 174 Distribution only service 1 — 1 1 — 1 Total retail 176 20 196 155 20 175 Wholesale, transmission and other 12 — 12 9 — 9 Total Customer Revenue 188 20 208 164 20 184 Other revenue 1 — 1 1 — 1 Total revenue $ 189 $ 20 $ 209 $ 165 $ 20 $ 185 Six-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 138 $ 38 $ 176 $ 132 $ 44 $ 176 Commercial 117 15 132 112 17 129 Industrial 81 5 86 75 6 81 Other 3 — 3 2 — 2 Total fully bundled 339 58 397 321 67 388 Distribution only service 2 — 2 2 — 2 Total retail 341 58 399 323 67 390 Wholesale, transmission and other 28 — 28 24 — 24 Total Customer Revenue 369 58 427 347 67 414 Other revenue 1 1 2 2 1 3 Total revenue $ 370 $ 59 $ 429 $ 349 $ 68 $ 417 |
EEGH | |
Disaggregation of Revenue [Line Items] | |
Disaggregation of Revenue | The following table summarizes Eastern Energy Gas' revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Regulated: Gas transportation and storage $ 246 $ 302 $ 525 $ 646 Wholesale — — 17 2 Other (2) 2 (2) 3 Total regulated 244 304 540 651 Nonregulated 190 205 380 413 Total Customer Revenue 434 509 920 1,064 Other revenue 3 1 3 2 Total operating revenue $ 437 $ 510 $ 923 $ 1,066 |
Summary of Remaining Performance Obligations | The following table summarizes Eastern Energy Gas' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2021 (in millions): Performance obligations expected to be satisfied Less than 12 months More than 12 months Total Eastern Energy Gas $ 1,571 $ 16,779 $ 18,350 |
Components of Other Comprehen_2
Components of Other Comprehensive Income (Loss), Net (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Schedule of Other Comprehensive Income (Loss), Net | The following table shows the change in accumulated other comprehensive income (loss) by each component of other comprehensive income (loss), net of applicable income tax (in millions): Unrecognized Foreign Unrealized AOCI Amounts on Currency (Losses) Gains Attributable Retirement Translation on Cash Noncontrolling To BHE Benefits Adjustment Flow Hedges Interests Shareholders, Net Balance, December 31, 2019 $ (417) $ (1,296) $ 7 $ — $ (1,706) Other comprehensive income (loss) 44 (439) (24) — (419) Balance, June 30, 2020 $ (373) $ (1,735) $ (17) $ — $ (2,125) Balance, December 31, 2020 $ (492) $ (1,062) $ (8) $ 10 $ (1,552) Other comprehensive income (loss) 22 159 15 (4) 192 Balance, June 30, 2021 $ (470) $ (903) $ 7 $ 6 $ (1,360) |
EEGH | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Schedule of Other Comprehensive Income (Loss), Net | The following table shows the change in accumulated other comprehensive loss by each component of other comprehensive income (loss), net of applicable income tax (in millions): Unrecognized Accumulated Amounts On Unrealized Other Retirement Losses on Cash Noncontrolling Comprehensive Benefits Flow Hedges Interests Loss, Net Balance, December 31, 2019 $ (106) $ (81) $ — $ (187) Other comprehensive income (loss) 3 (87) — (84) Balance, June 30, 2020 $ (103) $ (168) $ — $ (271) Balance, December 31, 2020 $ (12) $ (51) $ 10 $ (53) Other comprehensive income (loss) 4 13 (4) 13 Balance, June 30, 2021 $ (8) $ (38) $ 6 $ (40) |
Segment Information (Tables)
Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Segment Reporting Information [Line Items] | |
Schedule of Segment Reporting Information by Segment | The Company's reportable segments with foreign operations include Northern Powergrid, whose business is principally in the United Kingdom, BHE Transmission, whose business includes operations in Canada, and BHE Renewables, whose business includes operations in the Philippines. Intersegment eliminations and adjustments, including the allocation of goodwill, have been made. Information related to the Company's reportable segments is shown below (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: PacifiCorp $ 1,298 $ 1,144 $ 2,540 $ 2,350 MidAmerican Funding 693 616 1,760 1,302 NV Energy 767 695 1,358 1,317 Northern Powergrid 280 221 580 487 BHE Pipeline Group 706 225 1,799 626 BHE Transmission 182 169 362 341 BHE Renewables 267 244 457 422 HomeServices 1,763 1,193 2,995 2,086 BHE and Other (1) 108 105 294 208 Total operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139 Depreciation and amortization: PacifiCorp $ 275 $ 210 $ 539 $ 462 MidAmerican Funding 209 175 416 351 NV Energy 137 125 273 249 Northern Powergrid 73 63 144 126 BHE Pipeline Group 121 25 239 89 BHE Transmission 60 55 118 115 BHE Renewables 61 71 121 142 HomeServices 12 12 23 23 BHE and Other (1) (1) — 1 — Total depreciation and amortization $ 947 $ 736 $ 1,874 $ 1,557 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating income: PacifiCorp $ 283 $ 256 $ 517 $ 490 MidAmerican Funding 103 110 151 212 NV Energy 145 161 215 240 Northern Powergrid 126 89 277 221 BHE Pipeline Group 245 92 863 341 BHE Transmission 85 81 166 157 BHE Renewables 97 84 130 101 HomeServices 179 77 291 97 BHE and Other (1) (55) (14) (69) (4) Total operating income 1,208 936 2,541 1,855 Interest expense (532) (503) (1,062) (986) Capitalized interest 14 19 28 36 Allowance for equity funds 30 38 56 72 Interest and dividend income 26 20 47 40 Gains on marketable securities, net 1,966 583 848 610 Other, net 48 52 56 25 Total income before income tax expense (benefit) and equity loss $ 2,760 $ 1,145 $ 2,514 $ 1,652 Interest expense: PacifiCorp $ 105 $ 110 $ 212 $ 212 MidAmerican Funding 78 78 156 159 NV Energy 51 57 103 115 Northern Powergrid 32 31 65 63 BHE Pipeline Group 40 15 78 29 BHE Transmission 40 35 78 73 BHE Renewables 40 42 80 84 HomeServices 1 3 2 8 BHE and Other (1) 145 132 288 243 Total interest expense $ 532 $ 503 $ 1,062 $ 986 Earnings on common shares: PacifiCorp $ 226 $ 167 $ 395 $ 343 MidAmerican Funding 211 208 355 358 NV Energy 100 98 134 118 Northern Powergrid (25) 59 79 146 BHE Pipeline Group 100 64 483 243 BHE Transmission 60 60 119 115 BHE Renewables 181 138 197 233 HomeServices 135 59 219 69 BHE and Other 1,256 263 229 161 Earnings on common shares $ 2,244 $ 1,116 $ 2,210 $ 1,786 As of June 30, December 31, 2021 2020 Assets: PacifiCorp $ 27,235 $ 26,862 MidAmerican Funding 24,156 23,530 NV Energy 14,839 14,501 Northern Powergrid 9,071 8,782 BHE Pipeline Group 19,739 19,541 BHE Transmission 9,516 9,208 BHE Renewables 11,754 12,004 HomeServices 5,410 4,955 BHE and Other (1) 8,841 7,933 Total assets $ 130,561 $ 127,316 (1) The differences between the reportable segment amounts and the consolidated amounts, described as BHE and Other, relate principally to other entities, including MidAmerican Energy Services, LLC, corporate functions and intersegment eliminations. |
Disaggregation of Revenue | The following table summarizes the Company's energy products and services revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business, including a reconciliation to the Company's reportable segment information included in Note 13 (in millions): For the Three-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,188 $ 516 $ 708 $ — $ — $ — $ — $ (1) $ 2,411 Retail gas — 89 20 — — — — — 109 Wholesale 30 69 10 — — — — (1) 108 Transmission and 37 15 22 243 — 178 — — 495 Interstate pipeline — — — — 458 — — (25) 433 Other 31 — 1 — (1) — — — 31 Total Regulated 1,286 689 761 243 457 178 — (27) 3,587 Nonregulated — 1 1 8 232 7 239 124 612 Total Customer Revenue 1,286 690 762 251 689 185 239 97 4,199 Other revenue 12 3 5 29 17 (3) 28 11 102 Total $ 1,298 $ 693 $ 767 $ 280 $ 706 $ 182 $ 267 $ 108 $ 4,301 For the Six-Month Period Ended June 30, 2021 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,333 $ 968 $ 1,219 $ — $ — $ — $ — $ (1) $ 4,519 Retail gas — 549 58 — — — — — 607 Wholesale 66 194 25 — 17 — — (1) 301 Transmission and 62 30 43 506 — 350 — — 991 Interstate pipeline — — — — 1,273 — — (66) 1,207 Other 54 — 1 — 1 — — — 56 Total Regulated 2,515 1,741 1,346 506 1,291 350 — (68) 7,681 Nonregulated — 11 1 18 469 15 405 311 1,230 Total Customer Revenue 2,515 1,752 1,347 524 1,760 365 405 243 8,911 Other revenue 25 8 11 56 39 (3) 52 51 239 Total $ 2,540 $ 1,760 $ 1,358 $ 580 $ 1,799 $ 362 $ 457 $ 294 $ 9,150 For the Three-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 1,066 $ 468 $ 638 $ — $ — $ — $ — $ — $ 2,172 Retail gas — 84 20 — — — — — 104 Wholesale 17 37 6 — — — — (1) 59 Transmission and 24 18 22 191 — 164 — — 419 Interstate pipeline — — — — 221 — — (26) 195 Other 20 — — — — — — — 20 Total Regulated 1,127 607 686 191 221 164 — (27) 2,969 Nonregulated — 3 1 5 — 5 212 122 348 Total Customer Revenue 1,127 610 687 196 221 169 212 95 3,317 Other revenue 17 6 8 25 4 — 32 10 102 Total $ 1,144 $ 616 $ 695 $ 221 $ 225 $ 169 $ 244 $ 105 $ 3,419 For the Six-Month Period Ended June 30, 2020 PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Pipeline Group BHE Transmission BHE Renewables BHE and Other (1) Total Customer Revenue: Regulated: Retail electric $ 2,188 $ 878 $ 1,167 $ — $ — $ — $ — $ — $ 4,233 Retail gas — 271 67 — — — — — 338 Wholesale 17 101 20 — — — — (2) 136 Transmission and 46 33 45 424 — 333 — — 881 Interstate pipeline — — — — 621 — — (74) 547 Other 46 — 1 — — — — — 47 Total Regulated 2,297 1,283 1,300 424 621 333 — (76) 6,182 Nonregulated — 9 2 12 — 8 371 249 651 Total Customer Revenue 2,297 1,292 1,302 436 621 341 371 173 6,833 Other revenue 53 10 15 51 5 — 51 35 220 Total $ 2,350 $ 1,302 $ 1,317 $ 487 $ 626 $ 341 $ 422 $ 208 $ 7,053 (1) The BHE and Other reportable segment represents amounts related principally to other entities, corporate functions and intersegment eliminations. Real Estate Services The following table summarizes the Company's real estate services Customer Revenue by line of business (in millions): HomeServices Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Customer Revenue: Brokerage $ 1,569 $ 957 $ 2,591 $ 1,734 Franchise 24 15 42 31 Total Customer Revenue 1,593 972 2,633 1,765 Mortgage and other revenue 170 221 362 321 Total $ 1,763 $ 1,193 $ 2,995 $ 2,086 Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue by country: United States $ 5,604 $ 4,224 $ 11,201 $ 8,313 United Kingdom 280 221 580 487 Canada 180 167 357 338 Philippines and other — — 7 1 Total operating revenue by country $ 6,064 $ 4,612 $ 12,145 $ 9,139 Income before income tax expense (benefit) and equity loss by country: United States $ 2,611 $ 1,027 $ 2,188 $ 1,381 United Kingdom 104 59 236 168 Canada 46 46 85 86 Philippines and other (1) 13 5 17 Total income before income tax expense (benefit) and equity loss by country $ 2,760 $ 1,145 $ 2,514 $ 1,652 |
Schedule of Goodwill | The following table shows the change in the carrying amount of goodwill by reportable segment for the six-month period ended June 30, 2021 (in millions): BHE Pipeline Group PacifiCorp MidAmerican Funding NV Energy Northern Powergrid BHE Transmission BHE Renewables HomeServices Total December 31, 2020 $ 1,129 $ 2,102 $ 2,369 $ 1,000 $ 1,803 $ 1,551 $ 95 $ 1,457 $ 11,506 Acquisitions — — — — 11 — — 2 13 Foreign currency translation — — — 9 — 42 — — 51 June 30, 2021 $ 1,129 $ 2,102 $ 2,369 $ 1,009 $ 1,814 $ 1,593 $ 95 $ 1,459 $ 11,570 |
MEC | |
Segment Reporting Information [Line Items] | |
Schedule of Segment Reporting Information by Segment | The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 586 $ 518 $ 1,131 $ 989 Regulated natural gas 106 95 618 304 Other 1 — 11 1 Total operating revenue $ 693 $ 613 $ 1,760 $ 1,294 Operating income: Regulated electric $ 103 $ 101 $ 112 $ 160 Regulated natural gas — 7 39 46 Other — — — — Total operating income 103 108 151 206 Interest expense (74) (74) (148) (150) Allowance for borrowed funds 2 4 4 7 Allowance for equity funds 8 9 14 17 Other, net 15 21 26 16 Income before income tax benefit $ 54 $ 68 $ 47 $ 96 As of June 30, December 31, Assets: Regulated electric $ 20,349 $ 19,892 Regulated natural gas 1,708 1,544 Other — 1 Total assets $ 22,057 $ 21,437 |
Disaggregation of Revenue | The following table summarizes MidAmerican Energy's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 11, (in millions): For the Three-Month Period Ended June 30, 2021 For the Six-Month Period Ended June 30, 2021 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 170 $ 59 $ — $ 229 $ 331 $ 367 $ — $ 698 Commercial 80 18 — 98 151 147 — 298 Industrial 230 3 — 233 420 15 — 435 Natural gas transportation services — 9 — 9 — 19 — 19 Other retail (1) 36 — — 36 66 1 — 67 Total retail 516 89 — 605 968 549 — 1,517 Wholesale 52 17 — 69 126 68 — 194 Multi-value transmission projects 15 — — 15 30 — — 30 Other Customer Revenue — — 1 1 — — 11 11 Total Customer Revenue 583 106 1 690 1,124 617 11 1,752 Other revenue 3 — — 3 7 1 — 8 Total operating revenue $ 586 $ 106 $ 1 $ 693 $ 1,131 $ 618 $ 11 $ 1,760 For the Three-Month Period Ended June 30, 2020 For the Six-Month Period Ended June 30, 2020 Electric Natural Gas Other Total Electric Natural Gas Other Total Customer Revenue: Retail: Residential $ 166 $ 59 $ — $ 225 $ 314 $ 187 $ — $ 501 Commercial 73 15 — 88 143 58 — 201 Industrial 197 3 — 200 360 7 — 367 Natural gas transportation services — 7 — 7 — 18 — 18 Other retail (1) 32 1 — 33 61 1 — 62 Total retail 468 85 — 553 878 271 — 1,149 Wholesale 28 9 — 37 70 31 — 101 Multi-value transmission projects 17 — — 17 33 — — 33 Other Customer Revenue — — — — — — 1 1 Total Customer Revenue 513 94 — 607 981 302 1 1,284 Other revenue 5 1 — 6 8 2 — 10 Total operating revenue $ 518 $ 95 $ — $ 613 $ 989 $ 304 $ 1 $ 1,294 (1) Other retail includes provisions for rate refunds, for which any actual refunds will be reflected in the applicable customer classes upon resolution of the related regulatory proceeding. |
MidAmerican Funding, LLC | |
Segment Reporting Information [Line Items] | |
Schedule of Segment Reporting Information by Segment | The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 586 $ 518 $ 1,131 $ 989 Regulated natural gas 106 95 618 304 Other 1 3 11 9 Total operating revenue $ 693 $ 616 $ 1,760 $ 1,302 Operating income: Regulated electric $ 103 $ 101 $ 112 $ 160 Regulated natural gas — 7 39 46 Other — 2 — 6 Total operating income 103 110 151 212 Interest expense (78) (78) (156) (159) Allowance for borrowed funds 2 4 4 7 Allowance for equity funds 8 9 14 17 Other, net 16 21 26 15 Income before income tax benefit $ 51 $ 66 $ 39 $ 92 As of June 30, December 31, Assets (1) : Regulated electric $ 21,540 $ 21,083 Regulated natural gas 1,787 1,623 Other 4 5 Total assets $ 23,331 $ 22,711 (1) Assets by reportable segment reflect the assignment of goodwill to applicable reporting units. |
SPPC | |
Segment Reporting Information [Line Items] | |
Schedule of Segment Reporting Information by Segment | The following tables provide information on a reportable segment basis (in millions): Three-Month Periods Six-Month Periods Ended June 30, Ended June 30, 2021 2020 2021 2020 Operating revenue: Regulated electric $ 189 $ 165 $ 370 $ 349 Regulated natural gas 20 20 59 68 Total operating revenue $ 209 $ 185 $ 429 $ 417 Operating income: Regulated electric $ 21 $ 20 $ 52 $ 53 Regulated natural gas 4 3 12 10 Total operating income 25 23 64 63 Interest expense (13) (14) (27) (28) Allowance for borrowed funds 1 1 1 1 Allowance for equity funds 2 1 3 2 Other, net 3 3 9 4 Income before income tax expense $ 18 $ 14 $ 50 $ 42 As of June 30, December 31, 2021 2020 Assets: Regulated electric $ 3,665 $ 3,540 Regulated natural gas 350 342 Other (1) 27 37 Total assets $ 4,042 $ 3,919 (1) Consists principally of cash and cash equivalents not included in either the regulated electric or regulated natural gas segments. |
Disaggregation of Revenue | The following table summarizes Sierra Pacific's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 10 (in millions): Three-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 68 $ 13 $ 81 $ 63 $ 14 $ 77 Commercial 64 5 69 56 4 60 Industrial 42 2 44 34 2 36 Other 1 — 1 1 — 1 Total fully bundled 175 20 195 154 20 174 Distribution only service 1 — 1 1 — 1 Total retail 176 20 196 155 20 175 Wholesale, transmission and other 12 — 12 9 — 9 Total Customer Revenue 188 20 208 164 20 184 Other revenue 1 — 1 1 — 1 Total revenue $ 189 $ 20 $ 209 $ 165 $ 20 $ 185 Six-Month Periods Ended June 30, 2021 2020 Electric Natural Gas Total Electric Natural Gas Total Customer Revenue: Retail: Residential $ 138 $ 38 $ 176 $ 132 $ 44 $ 176 Commercial 117 15 132 112 17 129 Industrial 81 5 86 75 6 81 Other 3 — 3 2 — 2 Total fully bundled 339 58 397 321 67 388 Distribution only service 2 — 2 2 — 2 Total retail 341 58 399 323 67 390 Wholesale, transmission and other 28 — 28 24 — 24 Total Customer Revenue 369 58 427 347 67 414 Other revenue 1 1 2 2 1 3 Total revenue $ 370 $ 59 $ 429 $ 349 $ 68 $ 417 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
EEGH | |
Related Party Transaction [Line Items] | |
Schedule of Related Party Transactions | Presented below are Eastern Energy Gas' significant transactions with DES, Carolina Gas Services, DEQPS and other affiliated and related parties for the three- and six-month periods ended June 30, 2020 (in millions): Three-Month Period Six-Month Period Ended June 30, 2020 Ended June 30, 2020 Sales of natural gas and transportation and storage services $ 60 $ 128 Purchases of natural gas and transportation and storage services 3 6 Services provided by related parties (1) 37 80 Services provided to related parties (2) 29 61 (1) Includes capitalized expenditures of $4 million and $7 million for the three- and six-month periods ended June 30, 2020, respectively. (2) Amounts primarily attributable to Atlantic Coast Pipeline, LLC, a related-party VIE prior to the GT&S Transaction. Presented below are Eastern Energy Gas' significant transactions with affiliated and related parties for the three- and six-month periods ended June 30, 2021 (in millions): Three-Month Period Six-Month Period Ended June 30, 2021 Ended June 30, 2021 Sales of natural gas and transportation and storage services $ 7 $ 14 Services provided by related parties 8 15 Services provided to related parties 7 16 |
General - BHE (Details)
General - BHE (Details) | 6 Months Ended |
Jun. 30, 2021companyoperatingSegmentstate | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of reportable segments | operatingSegment | 8 |
Number of owned and operated utility companies in the United States | 4 |
Number of states owned and operated utility companies serve customers | state | 11 |
Number of owned and operated electricity distribution companies in Great Britain | 2 |
Number of owned and operated interstate natural gas pipeline companies in the United States | 5 |
Number of owned and operated electricity transmission companies in Canada | 1 |
Number of owned and operated renewable energy businesses | 1 |
Number of owned and operated residential real estate brokerage firms in the United States | 1 |
Number of owned and operated residential real estate brokerage franchise networks in the United States | 1 |
General - EEGH (Details)
General - EEGH (Details) - EEGH - mi | 1 Months Ended | 6 Months Ended | |
Nov. 30, 2020 | Jul. 31, 2020 | Jun. 30, 2021 | |
Cove Point LNG, LP | |||
Variable Interest Entity [Line Items] | |||
Percentage interest distributed | 25.00% | ||
Cove Point LNG, LP | Not Discontinued Operations | GT&S Transaction | |||
Variable Interest Entity [Line Items] | |||
Percentage interest distributed | 50.00% | ||
Iroquois Gas Transmission System, L.P. | |||
Variable Interest Entity [Line Items] | |||
Variable interest entity, ownership percentage | 50.00% | ||
Primary Beneficiary | General Partner | Cove Point LNG, LP | |||
Variable Interest Entity [Line Items] | |||
Variable interest entity, ownership percentage | 100.00% | ||
Primary Beneficiary | Limited Partner | Cove Point LNG, LP | |||
Variable Interest Entity [Line Items] | |||
Variable interest entity, ownership percentage | 25.00% | ||
Primary Beneficiary | Federal Energy Regulatory Commission | Iroquois Gas Transmission System, L.P. | |||
Variable Interest Entity [Line Items] | |||
Miles of interstate natural gas transportation pipeline | 416 |
Business Acquisition - Narrativ
Business Acquisition - Narrative (Details) $ in Millions | Jul. 14, 2021USD ($) | Nov. 02, 2020USD ($) | Nov. 01, 2020USD ($)miBcf | Oct. 05, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | Jul. 03, 2020USD ($) |
Business Acquisition [Line Items] | ||||||||||
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 | ||||||
Net income (loss) | 2,281 | $ 1,116 | 2,285 | $ 1,786 | ||||||
Goodwill | 11,570 | 11,570 | $ 11,506 | |||||||
Natural Gas Transmission and Storage | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payments to acquire businesses | $ 2,500 | |||||||||
Long-term debt, less current portion | 4,415 | $ 5,600 | ||||||||
Operating revenue | 487 | 1,047 | ||||||||
Net income (loss) | $ 66 | $ 173 | ||||||||
Accounting revision period | 12 months | |||||||||
Goodwill | $ 1,741 | |||||||||
Natural Gas Transmission and Storage | Goodwill | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Useful life, intangible asset | 15 years | |||||||||
Natural Gas Transmission and Storage | Domestic Tax Authority and State and Local Jurisdiction | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Goodwill | $ 900 | |||||||||
Natural Gas Transmission and Storage | Primary Beneficiary | Cove Point LNG, LP | Other Ownership Interest | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Variable interest entity, ownership percentage | 25.00% | |||||||||
Natural Gas Transmission and Storage | Primary Beneficiary | Cove Point LNG, LP | General Partner | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Variable interest entity, ownership percentage | 100.00% | |||||||||
Natural Gas Transmission and Storage | Primary Beneficiary | Cove Point LNG, LP | Limited Partner | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Variable interest entity, ownership percentage | 25.00% | |||||||||
Natural Gas Transmission and Storage | Iroquois Gas Transmission System, L.P. | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Equity method investment, ownership percentage | 50.00% | |||||||||
Natural Gas Transmission and Storage | Eastern Gas Transmission, Inc. | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Ownership percentage acquired | 100.00% | |||||||||
Natural Gas Transmission and Storage | Carolina Gas Transmission, LLC | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Ownership percentage acquired | 100.00% | |||||||||
Questar Pipeline Group and Dominion Questar Transaction | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payments to acquire businesses | $ 1,300 | $ 1,300 | ||||||||
Long-term debt, less current portion | $ 430 | |||||||||
Questar Pipeline Group and Dominion Questar Transaction | Subsequent Event | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Payments to acquire businesses | $ 1,300 | |||||||||
Natural Gas Transmission and Storage Transaction | ||||||||||
Business Acquisition [Line Items] | ||||||||||
Miles of natural gas transmission lines | mi | 5,400 | |||||||||
Natural gas transmission lines transportation per day capacity | Bcf | 12.5 | |||||||||
Natural gas operated storage capacity | Bcf | 420 | |||||||||
Natural gas company-owned working storage capacity | Bcf | 306 | |||||||||
Liquefied natural gas storage capacity | Bcf | 14.6 |
Business Acquisition - Schedule
Business Acquisition - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Nov. 01, 2020 | Jul. 03, 2020 |
Business Acquisition [Line Items] | ||||
Goodwill | $ 11,570 | $ 11,506 | ||
Natural Gas Transmission and Storage | ||||
Business Acquisition [Line Items] | ||||
Current assets, including cash and cash equivalents of $104 | $ 582 | |||
Property, plant and equipment | 9,264 | |||
Goodwill | 1,741 | |||
Regulatory assets | 108 | |||
Deferred income taxes | 284 | |||
Other long-term assets | 1,424 | |||
Total assets | 13,403 | |||
Current liabilities, including current portion of long-term debt of $1,200 | 1,616 | |||
Long-term debt, less current portion | 4,415 | $ 5,600 | ||
Regulatory liabilities | 650 | |||
Other long-term liabilities | 292 | |||
Total liabilities | 6,973 | |||
Noncontrolling interest | 3,916 | |||
Net assets acquired | 2,514 | |||
Cash and cash equivalents | 104 | |||
Current portion of long-term debt | $ 1,200 |
Business Acquisition - Summary
Business Acquisition - Summary of Pro Forma Information (Details) - Natural Gas Transmission and Storage $ in Millions | 6 Months Ended |
Jun. 30, 2020USD ($) | |
Business Acquisition [Line Items] | |
Operating revenue | $ 10,120 |
Net income attributable to BHE shareholders | $ 1,616 |
Cash and Cash Equivalents and_3
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - PAC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Investments and restricted cash and cash equivalents and investments | 15 | 15 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
PAC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 44 | 13 | ||
Restricted cash and cash equivalents | 3 | 4 | ||
Investments and restricted cash and cash equivalents and investments | 3 | 2 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 50 | $ 19 | $ 719 | $ 36 |
Cash and Cash Equivalents and_4
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - MEC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
MEC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 30 | 38 | ||
Restricted cash and cash equivalents | 8 | 7 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 38 | $ 45 | $ 32 | $ 330 |
Cash and Cash Equivalents and_5
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - LLC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
MidAmerican Funding, LLC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 31 | 39 | ||
Restricted cash and cash equivalents | 8 | 7 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 39 | $ 46 | $ 35 | $ 331 |
Cash and Cash Equivalents and_6
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - NPC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
NPC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 79 | 25 | ||
Restricted cash and cash equivalents | 9 | 11 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 88 | $ 36 | $ 25 | $ 25 |
Cash and Cash Equivalents and_7
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents - SPPC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
SPPC | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 9 | 19 | ||
Restricted cash and cash equivalents | 6 | 7 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 15 | $ 26 | $ 17 | $ 32 |
Property, Plant and Equipment_3
Property, Plant and Equipment, Net - BHE (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, net | $ 87,622 | $ 86,128 |
Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | 105,520 | 103,397 |
Accumulated depreciation and amortization | (31,935) | (30,662) |
Net operating assets | 73,585 | 72,735 |
Construction work-in-progress | 3,500 | 3,200 |
Regulated | Utility generation, transmission and distribution systems | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | $ 88,748 | 86,730 |
Regulated | Utility generation, transmission and distribution systems | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 5 years | |
Regulated | Utility generation, transmission and distribution systems | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 80 years | |
Regulated | Interstate natural gas pipeline assets | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | $ 16,772 | 16,667 |
Regulated | Interstate natural gas pipeline assets | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 3 years | |
Regulated | Interstate natural gas pipeline assets | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 80 years | |
Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | $ 12,969 | 12,671 |
Accumulated depreciation and amortization | (2,819) | (2,586) |
Net operating assets | 10,150 | 10,085 |
Nonregulated | Independent power plants | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | $ 7,058 | 7,012 |
Nonregulated | Independent power plants | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 5 years | |
Nonregulated | Independent power plants | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 30 years | |
Nonregulated | Other assets | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment | $ 5,911 | 5,659 |
Nonregulated | Other assets | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 3 years | |
Nonregulated | Other assets | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 40 years | |
Common Facilities | ||
Property, Plant and Equipment [Line Items] | ||
Net operating assets | $ 83,735 | 82,820 |
Property, plant and equipment, net | 87,622 | 86,128 |
Construction in Progress | ||
Property, Plant and Equipment [Line Items] | ||
Construction work-in-progress | $ 3,887 | $ 3,308 |
Property, Plant and Equipment_4
Property, Plant and Equipment, Net - PAC (Details) - PAC - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | $ 31,757 | $ 31,757 | $ 30,717 |
Accumulated depreciation and amortization | (10,180) | (10,180) | (9,838) |
Utility plant in service, net | 21,577 | 21,577 | 20,879 |
Plant, net | 21,586 | 21,586 | 20,888 |
Construction work-in-progress | 1,089 | 1,089 | 1,542 |
Property, plant and equipment, net | 22,675 | 22,675 | 22,430 |
Revised depreciation rates, 2021 depreciation increase | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation | 44 | $ 81 | |
Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, generation | 15 years | ||
Useful life, transmission | 60 years | ||
Useful life, distribution | 20 years | ||
Useful life, intangible asset | 5 years | ||
Useful life, other | 5 years | ||
Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, generation | 59 years | ||
Useful life, transmission | 90 years | ||
Useful life, distribution | 75 years | ||
Useful life, intangible asset | 75 years | ||
Useful life, other | 60 years | ||
Generation | |||
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | 13,592 | $ 13,592 | 12,861 |
Transmission | |||
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | 7,740 | 7,740 | 7,632 |
Distribution | |||
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | 7,815 | 7,815 | 7,660 |
Intangible plant | |||
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | 1,081 | 1,081 | 1,054 |
Other assets | |||
Property, Plant and Equipment [Line Items] | |||
Utility plant in service | 1,529 | $ 1,529 | 1,510 |
Computer software | Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, intangible asset | 5 years | ||
Computer software | Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, intangible asset | 10 years | ||
Nonregulated | |||
Property, Plant and Equipment [Line Items] | |||
Plant, net | $ 9 | $ 9 | $ 9 |
Nonregulated | Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, other | 14 years | ||
Nonregulated | Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Useful life, other | 95 years |
Property, Plant and Equipment_5
Property, Plant and Equipment, Net - MEC (Details) - MEC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 18,668 | $ 18,773 |
Construction work-in-progress | 805 | 506 |
Property, plant and equipment, net | 19,473 | 19,279 |
Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Utility plant in service | 25,903 | 25,669 |
Accumulated depreciation and amortization | (7,241) | (6,902) |
Plant, net | 18,662 | 18,767 |
Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Accumulated depreciation and amortization | (1) | (1) |
Plant, net | 6 | 6 |
Nonregulated property gross | $ 7 | 7 |
Nonregulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, other | 20 years | |
Nonregulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, other | 50 years | |
Electric Operations | Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Generation | $ 17,083 | 16,980 |
Transmission | 2,364 | 2,365 |
Distribution | $ 4,468 | 4,369 |
Electric Operations | Regulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 20 years | |
Useful life, transmission | 52 years | |
Useful life, distribution | 20 years | |
Electric Operations | Regulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 70 years | |
Useful life, transmission | 75 years | |
Useful life, distribution | 75 years | |
Natural Gas Processing Plant | Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Distribution | $ 1,988 | $ 1,955 |
Natural Gas Processing Plant | Regulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, distribution | 29 years | |
Natural Gas Processing Plant | Regulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, distribution | 75 years |
Property, Plant and Equipment_6
Property, Plant and Equipment, Net - NPC (Details) - NPC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 6,611 | $ 6,559 |
Construction work-in-progress | 202 | 142 |
Property, plant and equipment, net | 6,813 | 6,701 |
Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Generation | 3,776 | 3,690 |
Transmission | 1,483 | 1,468 |
Distribution | 3,836 | 3,771 |
General and intangible | 800 | 791 |
Utility plant in service | 9,895 | 9,720 |
Accumulated depreciation and amortization | (3,285) | (3,162) |
Plant, net | $ 6,610 | 6,558 |
Regulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 30 years | |
Useful life, transmission | 45 years | |
Useful life, distribution | 20 years | |
Useful life, other | 5 years | |
Regulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 55 years | |
Useful life, transmission | 70 years | |
Useful life, distribution | 65 years | |
Useful life, other | 65 years | |
Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 1 | $ 1 |
Useful life, other | 45 years |
Property, Plant and Equipment_7
Property, Plant and Equipment, Net - SPPC (Details) - SPPC - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 3,022 | $ 3,027 |
Property, plant and equipment, net | 3,232 | 3,164 |
Common Facilities | ||
Property, Plant and Equipment [Line Items] | ||
Construction work-in-progress | 210 | 137 |
Property, plant and equipment, net | 3,232 | 3,164 |
Regulated | Generation | ||
Property, Plant and Equipment [Line Items] | ||
Generation | 1,140 | 1,130 |
Transmission | 917 | 908 |
Distribution | 1,774 | 1,754 |
General and intangible | $ 191 | 189 |
Regulated | Generation | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 25 years | |
Useful life, transmission | 50 years | |
Useful life, distribution | 20 years | |
Useful life, other | 5 years | |
Regulated | Generation | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, generation | 60 years | |
Useful life, transmission | 100 years | |
Useful life, distribution | 100 years | |
Useful life, other | 70 years | |
Regulated | Natural Gas Processing Plant | ||
Property, Plant and Equipment [Line Items] | ||
Distribution | $ 432 | 429 |
General and intangible | $ 15 | 15 |
Regulated | Natural Gas Processing Plant | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, distribution | 35 years | |
Useful life, other | 5 years | |
Regulated | Natural Gas Processing Plant | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, distribution | 70 years | |
Useful life, other | 70 years | |
Regulated | Common Facilities | ||
Property, Plant and Equipment [Line Items] | ||
Common general | $ 357 | 355 |
Utility plant in service | 4,826 | 4,780 |
Accumulated depreciation and amortization | (1,806) | (1,755) |
Plant, net | $ 3,020 | 3,025 |
Regulated | Common Facilities | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, common general | 5 years | |
Regulated | Common Facilities | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Useful life, common general | 70 years | |
Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 2 | $ 2 |
Useful life, other | 70 years |
Property, Plant and Equipment_8
Property, Plant and Equipment, Net - EEGH (Details) - EEGH - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | ||
Plant, net | $ 9,876 | $ 9,934 |
Construction work-in-progress | 259 | 210 |
Property, plant and equipment, net | 10,135 | 10,144 |
Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant in service, net | 8,568 | 8,497 |
Accumulated depreciation and amortization | (2,816) | (2,759) |
Plant, net | 5,752 | 5,738 |
Construction work-in-progress | 246 | 196 |
Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant in service, net | 4,490 | 4,479 |
Accumulated depreciation and amortization | (366) | (283) |
Plant, net | 4,124 | 4,196 |
Interstate natural gas pipeline assets | Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant in service, net | $ 8,457 | 8,382 |
Interstate natural gas pipeline assets | Regulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 24 years | |
Interstate natural gas pipeline assets | Regulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 43 years | |
Intangible plant | Regulated | ||
Property, Plant and Equipment [Line Items] | ||
Plant in service, net | $ 111 | 115 |
Intangible plant | Regulated | Minimum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 5 years | |
Intangible plant | Regulated | Maximum | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 10 years | |
Intangible plant | Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 14 years | |
Plant in service, net | $ 25 | 25 |
LNG facility | Nonregulated | ||
Property, Plant and Equipment [Line Items] | ||
Depreciable life | 40 years | |
Plant in service, net | $ 4,465 | $ 4,454 |
Investments and Restricted Ca_3
Investments and Restricted Cash and Cash Equivalents and Investments - BHE (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Investments: | |||||
Total investments | $ 7,498 | $ 7,498 | $ 6,600 | ||
Equity method investments: | |||||
Equity method investments | 6,759 | 6,759 | 7,067 | ||
Restricted cash and cash equivalents: | |||||
Restricted cash and investments | 897 | 897 | 831 | ||
Total investments and restricted cash and cash equivalents and investments | 15,154 | 15,154 | 14,498 | ||
Reflected as: | |||||
Current assets | 194 | 194 | 178 | ||
Noncurrent assets | 14,960 | 14,960 | 14,320 | ||
Unrealized gains recognized on marketable securities still held at the reporting date | 1,966 | $ 584 | 847 | $ 609 | |
Net (losses) gains recognized on marketable securities sold during the period | 0 | (1) | 1 | 1 | |
Gains on marketable securities, net | 1,966 | 583 | 848 | 610 | |
Equity income (loss) | (50) | $ (32) | (229) | (50) | |
Production tax credits | 678 | $ 454 | |||
Quad Cities Station nuclear decommissioning trust funds | |||||
Restricted cash and cash equivalents: | |||||
Decommissioning fund investments, fair value | 728 | 728 | 676 | ||
Other restricted cash and cash equivalents | |||||
Restricted cash and cash equivalents: | |||||
Restricted cash and investments | 169 | 169 | 155 | ||
BHE Renewables tax equity investments | |||||
Equity method investments: | |||||
Equity method investments | 5,302 | 5,302 | 5,626 | ||
Reflected as: | |||||
Equity income (loss) | (305) | ||||
Production tax credits | 306 | ||||
Other income tax benefits | 67 | ||||
BHE Renewables tax equity investments | Domestic Tax Authority and State and Local Jurisdiction | |||||
Reflected as: | |||||
Equity income (loss) | 70 | ||||
Iroquois Gas Transmission System, L.P. | |||||
Equity method investments: | |||||
Equity method investments | 584 | 584 | 580 | ||
Electric Transmission Texas, LLC | |||||
Equity method investments: | |||||
Equity method investments | 571 | 571 | 594 | ||
JAX LNG, LLC | |||||
Equity method investments: | |||||
Equity method investments | 86 | 86 | 75 | ||
Bridger Coal Company | |||||
Equity method investments: | |||||
Equity method investments | 71 | 71 | 74 | ||
Other | |||||
Equity method investments: | |||||
Equity method investments | 145 | 145 | 118 | ||
Impacted tax equity investments | |||||
Equity method investments: | |||||
Equity method investments | 2,800 | 2,800 | |||
BYD Company Limited common stock | |||||
Investments: | |||||
Available-for-sale securities, equity securities | 6,727 | 6,727 | 5,897 | ||
Rabbi trusts | |||||
Investments: | |||||
Rabbi trusts | 472 | 472 | 440 | ||
Other | |||||
Investments: | |||||
Other | $ 299 | $ 299 | $ 263 |
Investments and Restricted Ca_4
Investments and Restricted Cash and Cash Equivalents and Investments - EEGH - Components (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Investments: | ||
Equity method investments | $ 6,759 | $ 7,067 |
Total investments | 7,498 | 6,600 |
Restricted cash and cash equivalents: | ||
Restricted cash and cash equivalents | 897 | 831 |
Current assets | 194 | 178 |
Noncurrent assets | 14,960 | 14,320 |
Total investments and restricted cash and cash equivalents and investments | 15,154 | 14,498 |
EEGH | ||
Investments: | ||
Total investments | 260 | 244 |
Restricted cash and cash equivalents: | ||
Restricted cash and cash equivalents | 11 | 13 |
Current assets | 11 | 13 |
Noncurrent assets | 260 | 244 |
Total investments and restricted cash and cash equivalents and investments | 271 | 257 |
EEGH | Customer deposits | ||
Restricted cash and cash equivalents: | ||
Restricted cash and cash equivalents | 11 | 13 |
Iroquois Gas Transmission System, L.P. | ||
Investments: | ||
Equity method investments | 584 | 580 |
Iroquois Gas Transmission System, L.P. | EEGH | ||
Investments: | ||
Equity method investments | 247 | 244 |
Investment funds | EEGH | ||
Investments: | ||
Investment funds | $ 13 | $ 0 |
Investments and Restricted Ca_5
Investments and Restricted Cash and Cash Equivalents and Investments - EEGH - Narrative (Details) - EEGH - USD ($) $ in Millions | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Investments And Restricted Cash And Investments [Line Items] | |||
Investment exceeded share of equity in net assets | $ 130 | $ 130 | |
Distributions received from investments | $ 20 | $ 25 | |
Iroquois Gas Transmission System, L.P. | |||
Investments And Restricted Cash And Investments [Line Items] | |||
Equity method investment, ownership percentage | 50.00% | ||
White River Hub, LLC | |||
Investments And Restricted Cash And Investments [Line Items] | |||
Equity method investment, ownership percentage | 50.00% |
Investments and Restricted Ca_6
Investments and Restricted Cash and Cash Equivalents and Investments - BHE and EEGH - Reconciliation (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | $ 1,331 | $ 1,290 | ||
Restricted cash and cash equivalents | 154 | 140 | ||
Investments and restricted cash and cash equivalents and investments | 15 | 15 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | 1,500 | 1,445 | $ 2,070 | $ 1,268 |
EEGH | ||||
Condensed Cash Flow Statements, Captions [Line Items] | ||||
Cash and cash equivalents | 86 | 35 | ||
Restricted cash and cash equivalents | 11 | 13 | ||
Total cash and cash equivalents and restricted cash and cash equivalents | $ 97 | $ 48 | $ 64 | $ 39 |
Regulatory Matters - MEC (Detai
Regulatory Matters - MEC (Details) $ in Millions | Jun. 30, 2021USD ($) |
MEC | |
Schedule Of Regulatory Assets and Liabilities [Line Items] | |
Adjustment clause, cost increase | $ 245 |
Regulatory Matters - EEGH (Deta
Regulatory Matters - EEGH (Details) dekathermPerDay in Millions, $ in Millions | Aug. 01, 2020USD ($) | Dec. 31, 2020USD ($) | Jan. 31, 2020USD ($) | Dec. 31, 2014dekathermPerDay | Jun. 30, 2021USD ($) | Oct. 31, 2020USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2018USD ($) |
EGTS | Cancellation Of Atlantic Coast Pipeline Project | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Asset impairment charges | $ 482 | |||||||
Asset impairment charges, after tax | 359 | |||||||
EGTS | Atlantic Coast Pipeline Project, Available For Potential Modified Project | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Property, plant and equipment, net | $ 40 | |||||||
EGTS | Atlantic Coast Pipeline Project, Available For Potential Modified Project | Asset Retirement Obligation Costs | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Regulatory liabilities | $ 75 | |||||||
EGTS | 2012 FERC Case, Disallowance Of Plant, Resolved In Q4 2018 | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Litigation settlement expense | $ 129 | |||||||
Litigation settlement expense, after tax | $ 94 | |||||||
EGTS | FERC Case, Disallowance Of Capitalized AFUDC, Resolved In December 2020 | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Litigation settlement expense | $ 43 | |||||||
Litigation settlement expense, after tax | $ 31 | |||||||
Litigation settlement, reduction in expense | 11 | |||||||
Litigation settlement, reduction in expense, after tax | $ 8 | |||||||
Federal Energy Regulatory Commission | EGTS | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Project capacity | dekathermPerDay | 1.5 | |||||||
General Rate Case | Federal Energy Regulatory Commission | Cove Point LNG, LP | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Proposed annual cost-of-service | $ 182 | |||||||
General Rate Case, Increase In Revenue | Federal Energy Regulatory Commission | Cove Point LNG, LP | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Approved rate increase (decrease) amount | $ 4 | |||||||
General Rate Case, Decrease In Depreciation Expense | Federal Energy Regulatory Commission | Cove Point LNG, LP | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Approved rate increase (decrease) amount | $ (1) | |||||||
General Rate Case, Provision | Federal Energy Regulatory Commission | Cove Point LNG, LP | ||||||||
Schedule Of Regulatory Assets and Liabilities [Line Items] | ||||||||
Approved rate increase (decrease) amount | $ 7 |
Recent Financing Transactions -
Recent Financing Transactions - BHE (Details) $ in Millions, $ in Millions | Jul. 31, 2021USD ($) | Jun. 30, 2021USD ($) | May 31, 2021CAD ($) | Apr. 30, 2021USD ($) | Apr. 30, 2021CAD ($) |
MEC | Unsecured credit facility, $900 million, expiring June 2022 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 900 | ||||
MEC | Unsecured Credit Facility, $1.5 Billion, Expiring June 2024 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 1,500 | ||||
MEC | Unsecured credit facility, $600 million, expiring August 2021 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 600 | ||||
PAC | Unsecured credit facility, $600 million, expiring June 2022, first facility, extended | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 600 | ||||
PAC | Unsecured credit facility, $600 million, expiring June 2022, second facility, extended | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 600 | ||||
PAC | Unsecured Credit Facility, $1.2 Billion, Expiring June 2024, Second Facility, Extended | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 1,200 | ||||
EGTS | |||||
Debt Instrument [Line Items] | |||||
Face amount | 1,600 | ||||
AltaLink Investments, L.P. | Secured Credit Facility C$75 Million Expiring December 2025 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 75 | ||||
AltaLink Investments, L.P. | Secured Credit Facility C$500 Million Expiring December 2025 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | 500 | ||||
AltaLink Investments, L.P. | Unsecured Credit Facility C$300 Million Expiring December 2025 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 300 | ||||
AltaLink Investments, L.P. | Revolving credit facility, C$200 million, expiring April 2022 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 200 | ||||
Berkshire Hathaway Energy | Unsecured credit facility, $3.5 billion, expiring June 2022 | Line of Credit | |||||
Debt Instrument [Line Items] | |||||
Maximum borrowing capacity | $ 3,500 | ||||
BHE Pipeline Group | Northern Natural Gas | Senior Notes, 3.40%, due 2051 | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 550 | ||||
BHE Pipeline Group | Northern Natural Gas | Senior Notes, 4.25%, due 2021 | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 200 | ||||
Subsidiary Debt | MEC | MEC First Mortgage Bonds, 2.70%, Due August 2052 | Subsequent Event | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 500 | ||||
Stated interest rate | 2.70% | ||||
Subsidiary Debt | PAC | First Mortgage Bonds, 2.90%, Due 2052 | Subsequent Event | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 1,000 | ||||
Stated interest rate | 2.90% | ||||
Subsidiary Debt | BHE Pipeline Group | Senior Notes, 3.40%, due 2051 | |||||
Debt Instrument [Line Items] | |||||
Stated interest rate | 3.40% | 3.40% | |||
Subsidiary Debt | BHE Pipeline Group | Senior Notes, 4.25%, due 2021 | |||||
Debt Instrument [Line Items] | |||||
Stated interest rate | 4.25% | 4.25% |
Recent Financing Transactions_2
Recent Financing Transactions - PAC (Details) - PAC - USD ($) $ in Millions | Jul. 31, 2021 | Jun. 30, 2021 |
First Mortgage Bonds, 2.90%, Due 2052 | Subsidiary Debt | Subsequent Event | ||
Debt Instrument [Line Items] | ||
Face amount | $ 1,000 | |
Stated interest rate | 2.90% | |
Unsecured credit facility, $600 million, expiring June 2022, first facility, extended | Line of Credit | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 600 | |
Unsecured credit facility, $600 million, expiring June 2022, second facility, extended | Line of Credit | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | 600 | |
Unsecured Credit Facility, $1.2 Billion, Expiring June 2024, Second Facility, Extended | Line of Credit | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 1,200 |
Recent Financing Transactions_3
Recent Financing Transactions - MEC (Details) - MEC - USD ($) $ in Millions | Jul. 31, 2021 | Jun. 30, 2021 |
MEC First Mortgage Bonds, 2.70%, Due August 2052 | Subsequent Event | Subsidiary Debt | ||
Debt Instrument [Line Items] | ||
Face amount | $ 500 | |
Stated interest rate | 2.70% | |
Line of Credit | Unsecured credit facility, $900 million, expiring June 2022 | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 900 | |
Line of Credit | Unsecured Credit Facility, $1.5 Billion, Expiring June 2024 | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | 1,500 | |
Line of Credit | Unsecured credit facility, $600 million, expiring August 2021 | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 600 |
Recent Financing Transactions_4
Recent Financing Transactions - NPC (Details) $ in Millions | Jun. 30, 2021USD ($) |
Secured Credit Facility, $400 Million, Expiring June 2024 | Line of Credit | NPC | |
Debt Instrument [Line Items] | |
Maximum borrowing capacity | $ 400 |
Recent Financing Transactions_5
Recent Financing Transactions - SPPC (Details) $ in Millions | Jun. 30, 2021USD ($) |
Secured Credit Facility, $250 Million, Expiring June 2024 | Line of Credit | SPPC | |
Debt Instrument [Line Items] | |
Maximum borrowing capacity | $ 250 |
Recent Financing Transactions_6
Recent Financing Transactions - EEGH (Details) - USD ($) $ in Millions | Jun. 30, 2021 | May 31, 2021 |
EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 650 | $ 2,250 |
EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | 1,600 | |
EEGH 3.6% Senior Notes, due 2024 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | 450 | |
EEGH 3% Senior Notes, due 2029 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | 600 | |
EEGH 4.8% Senior Notes, due 2043 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | 400 | |
EEGH 4.6% Senior Notes, due 2044 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | 500 | |
EEGH 3.9% Senior Notes, due 2049 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 300 | |
3.6% Senior Notes due 2024 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 339 | |
Stated interest rate | 3.60% | |
3.6% Senior Notes due 2024 | EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | $ 111 | |
3.0% Senior Notes due 2029 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 174 | |
Stated interest rate | 3.00% | |
3.0% Senior Notes due 2029 | EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | $ 426 | |
4.8% Senior Notes due 2043 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 54 | |
Stated interest rate | 4.80% | |
4.8% Senior Notes due 2043 | EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | $ 346 | |
4.6% Senior Notes due 2044 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 56 | |
Stated interest rate | 4.60% | |
4.6% Senior Notes due 2044 | EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | $ 444 | |
3.9% Senior Notes due 2049 | EEGH | ||
Debt Instrument [Line Items] | ||
Face amount | $ 27 | |
Stated interest rate | 3.90% | |
3.9% Senior Notes due 2049 | EGTS | ||
Debt Instrument [Line Items] | ||
Face amount | $ 273 |
Income Taxes - BHE (Details)
Income Taxes - BHE (Details) - USD ($) $ in Millions | Apr. 01, 2023 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% | |
Income tax credits | (13.00%) | (20.00%) | (27.00%) | (28.00%) | |
State income tax, net of federal income tax impacts | 4.00% | 2.00% | 2.00% | 1.00% | |
Income tax effect of foreign income | 3.00% | (2.00%) | 3.00% | (2.00%) | |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) | |
Equity income | 0.00% | (1.00%) | (2.00%) | (1.00%) | |
Noncontrolling interest | (1.00%) | 0.00% | (2.00%) | 0.00% | |
Other | 0.00% | 0.00% | 1.00% | 0.00% | |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) | |
Years eligible for federal renewable energy production tax credit | 10 years | ||||
Production tax credits | $ 678 | $ 454 | |||
United Kingdom | |||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||||
Income tax effect, change in enacted tax rate | $ 109 | ||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | 19.00% | ||||
United Kingdom | Subsequent Event | Forecast | |||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | 25.00% | ||||
Parent Company | |||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||||
Related party transaction, cash paid for (received) income taxes | $ (943) | $ (100) |
Income Taxes - PAC (Details)
Income Taxes - PAC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
State income tax, net of federal income tax impacts | 4.00% | 2.00% | 2.00% | 1.00% |
Income tax credits | (13.00%) | (20.00%) | (27.00%) | (28.00%) |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) |
Other | 0.00% | 0.00% | 1.00% | 0.00% |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
Years eligible for federal renewable energy production tax credit | 10 years | |||
PAC | ||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
State income tax, net of federal income tax impacts | 4.00% | 3.00% | 4.00% | 3.00% |
Income tax credits | (19.00%) | (9.00%) | (19.00%) | (10.00%) |
Effects of ratemaking | (15.00%) | (2.00%) | (14.00%) | (11.00%) |
Other | 0.00% | 1.00% | 0.00% | 0.00% |
Effective income tax rate | (9.00%) | 14.00% | (8.00%) | 3.00% |
Years eligible for federal renewable energy production tax credit | 10 years | |||
Effective income tax reconciliation, amortization of excess deferred income taxes | $ 3 | $ 30 | ||
BHE | PAC | ||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Related party transaction, cash paid for (received) income taxes | $ (93) | $ 42 |
Income Taxes - MEC (Details)
Income Taxes - MEC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Income tax credits | (13.00%) | (20.00%) | (27.00%) | (28.00%) |
State income tax, net of federal income tax impacts | 4.00% | 2.00% | 2.00% | 1.00% |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) |
Other | 0.00% | 0.00% | 1.00% | 0.00% |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
Years eligible for federal renewable energy production tax credit | 10 years | |||
Production tax credits | $ 678 | $ 454 | ||
MEC | ||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Income tax credits | (271.00%) | (186.00%) | (634.00%) | (257.00%) |
State income tax, net of federal income tax impacts | (31.00%) | (35.00%) | (32.00%) | (33.00%) |
Effects of ratemaking | (15.00%) | (9.00%) | (21.00%) | (7.00%) |
Other | 2.00% | 2.00% | 0.00% | 1.00% |
Effective income tax rate | (294.00%) | (207.00%) | (666.00%) | (275.00%) |
Years eligible for federal renewable energy production tax credit | 10 years | |||
Production tax credits | $ 146 | $ 127 | $ 297 | $ 247 |
MEC | Berkshire Hathaway Energy | ||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Related party transaction, cash paid for (received) income taxes | $ (558) | $ (19) |
Income Taxes - LLC (Details)
Income Taxes - LLC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Income tax credits | (13.00%) | (20.00%) | (27.00%) | (28.00%) |
State income tax, net of federal income tax impacts | 4.00% | 2.00% | 2.00% | 1.00% |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) |
Other | 0.00% | 0.00% | 1.00% | 0.00% |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
Production Tax Credit Carryforwards [Abstract] | ||||
Years eligible for federal renewable energy production tax credit | 10 years | |||
Production tax credits | $ 678 | $ 454 | ||
MidAmerican Funding, LLC | ||||
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Income tax credits | (286.00%) | (192.00%) | (764.00%) | (269.00%) |
State income tax, net of federal income tax impacts | (33.00%) | (37.00%) | (41.00%) | (35.00%) |
Effects of ratemaking | (16.00%) | (9.00%) | (26.00%) | (7.00%) |
Other | 0.00% | 2.00% | 0.00% | 1.00% |
Effective income tax rate | (314.00%) | (215.00%) | (810.00%) | (289.00%) |
Production Tax Credit Carryforwards [Abstract] | ||||
Years eligible for federal renewable energy production tax credit | 10 years | |||
Production tax credits | $ 146 | $ 127 | $ 297 | $ 247 |
MidAmerican Funding, LLC | Berkshire Hathaway Energy | ||||
Related Party Income Tax Receivable (Payable) [Abstract] | ||||
Related party transaction, cash paid for (received) income taxes | $ (560) | $ 19 |
Income Taxes - NPC (Details)
Income Taxes - NPC (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
NPC | ||||
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Effects of ratemaking | (11.00%) | 1.00% | (11.00%) | 1.00% |
Effective income tax rate | 10.00% | 22.00% | 10.00% | 22.00% |
Income Taxes - SPPC (Details)
Income Taxes - SPPC (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Effects of ratemaking | (2.00%) | (1.00%) | (4.00%) | (3.00%) |
Income tax credits | (13.00%) | (20.00%) | (27.00%) | (28.00%) |
Other | 0.00% | 0.00% | 1.00% | 0.00% |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
SPPC | ||||
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Effects of ratemaking | (11.00%) | (14.00%) | (9.00%) | (10.00%) |
Income tax credits | (1.00%) | 0.00% | 0.00% | 0.00% |
Other | (3.00%) | 0.00% | (2.00%) | (1.00%) |
Effective income tax rate | 6.00% | 7.00% | 10.00% | 10.00% |
Income Taxes - EEGH (Details)
Income Taxes - EEGH (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
State income tax, net of federal income tax impacts | 4.00% | 2.00% | 2.00% | 1.00% |
Equity interest | 0.00% | (1.00%) | (2.00%) | (1.00%) |
Noncontrolling interest | (1.00%) | 0.00% | (2.00%) | 0.00% |
Other | 0.00% | 0.00% | 1.00% | 0.00% |
Effective income tax rate | 12.00% | (1.00%) | (8.00%) | (12.00%) |
EEGH | ||||
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
State income tax, net of federal income tax impacts | 2.00% | 11.00% | 3.00% | 114.00% |
Equity interest | 1.00% | (1.00%) | 1.00% | (27.00%) |
Effects of ratemaking | (1.00%) | 1.00% | (1.00%) | 17.00% |
AFUDC-equity | 0.00% | 0.00% | 0.00% | 11.00% |
Noncontrolling interest | (12.00%) | 3.00% | (11.00%) | 78.00% |
Write-off of regulatory assets | 0.00% | (3.00%) | 0.00% | (39.00%) |
Other | 2.00% | 0.00% | 0.00% | 1.00% |
Effective income tax rate | 13.00% | 32.00% | 13.00% | 176.00% |
EEGH | BHE | ||||
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Related party transaction, cash paid for (received) income taxes | $ 5,000,000 | |||
EEGH | Cove Point LNG, LP | ||||
Schedule of Effective Income Tax Rate Reconciliation [Line Items] | ||||
Ownership interest | 75.00% | 25.00% |
Employee Benefit Plans - BHE (D
Employee Benefit Plans - BHE (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Other Postretirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 4 | $ 3 | $ 6 | $ 4 |
Interest cost | 5 | 4 | 10 | 10 |
Expected return on plan assets | (6) | (7) | (11) | (16) |
Net amortization | (1) | (3) | (2) | (4) |
Net periodic benefit credit | 2 | (3) | 3 | (6) |
United States | Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 8 | 4 | 15 | 7 |
Interest cost | 18 | 23 | 38 | 46 |
Expected return on plan assets | (36) | (35) | (69) | (70) |
Net amortization | 7 | 8 | 13 | 17 |
Net periodic benefit credit | (3) | 0 | (3) | 0 |
United Kingdom | Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 4 | 4 | 8 | 8 |
Interest cost | 7 | 10 | 15 | 20 |
Expected return on plan assets | (28) | (25) | (56) | (50) |
Net amortization | 14 | 11 | 28 | 21 |
Net periodic benefit credit | $ (3) | $ 0 | $ (5) | $ (1) |
Employee Benefit Plans - BHE -
Employee Benefit Plans - BHE - Employer Contributions (Details) - 6 months ended Jun. 30, 2021 £ in Millions, $ in Millions | USD ($) | GBP (£) | GBP (£) |
Other Postretirement Plans | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined benefit plan, expected contributions in current fiscal year | $ 13 | ||
Employer contributions | 6 | ||
United States | Pension Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined benefit plan, expected contributions in current fiscal year | 13 | ||
Employer contributions | 7 | ||
United Kingdom | Pension Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined benefit plan, expected contributions in current fiscal year | £ | £ 50 | ||
Employer contributions | $ 19 | £ 14 |
Employee Benefit Plans - PAC (D
Employee Benefit Plans - PAC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Other Postretirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 4 | $ 3 | $ 6 | $ 4 |
Interest cost | 5 | 4 | 10 | 10 |
Expected return on plan assets | (6) | (7) | (11) | (16) |
Net amortization | (1) | (3) | (2) | (4) |
Net periodic benefit credit | 2 | (3) | 3 | (6) |
PAC | Other Postretirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1 | 1 | 1 | 1 |
Interest cost | 2 | 2 | 4 | 5 |
Expected return on plan assets | (2) | (3) | (4) | (7) |
Net amortization | 0 | 0 | 0 | 0 |
Net periodic benefit credit | 1 | 0 | 1 | (1) |
United States | Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 8 | 4 | 15 | 7 |
Interest cost | 18 | 23 | 38 | 46 |
Expected return on plan assets | (36) | (35) | (69) | (70) |
Net amortization | 7 | 8 | 13 | 17 |
Net periodic benefit credit | (3) | 0 | (3) | 0 |
United States | PAC | Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 0 | 0 | 0 | 0 |
Interest cost | 7 | 9 | 14 | 18 |
Expected return on plan assets | (14) | (14) | (27) | (28) |
Net amortization | 5 | 4 | 10 | 9 |
Net periodic benefit credit | $ (2) | $ (1) | $ (3) | $ (1) |
Employee Benefit Plans - PAC -
Employee Benefit Plans - PAC - Employer Contributions (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Other Postretirement Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | $ 13 |
Employer contributions | 6 |
PAC | Other Postretirement Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 1 |
United States | Pension Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 13 |
Employer contributions | 7 |
United States | PAC | Pension Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 4 |
Employer contributions | $ 2 |
Employee Benefit Plans - MEC (D
Employee Benefit Plans - MEC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Pension Plan | United States | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 8 | $ 4 | $ 15 | $ 7 |
Interest cost | 18 | 23 | 38 | 46 |
Expected return on plan assets | (36) | (35) | (69) | (70) |
Net amortization | 7 | 8 | 13 | 17 |
Net periodic benefit credit | (3) | 0 | (3) | 0 |
Pension Plan | United States | MEC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 5 | 1 | 10 | 2 |
Interest cost | 5 | 6 | 11 | 12 |
Expected return on plan assets | (10) | (10) | (19) | (20) |
Net amortization | 1 | 1 | 1 | 1 |
Net periodic benefit credit | 1 | (2) | 3 | (5) |
Other Postretirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 4 | 3 | 6 | 4 |
Interest cost | 5 | 4 | 10 | 10 |
Expected return on plan assets | (6) | (7) | (11) | (16) |
Net amortization | (1) | (3) | (2) | (4) |
Net periodic benefit credit | 2 | (3) | 3 | (6) |
Other Postretirement Plans | MEC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 2 | 1 | 4 | 2 |
Interest cost | 2 | 1 | 4 | 3 |
Expected return on plan assets | (3) | (3) | (5) | (6) |
Net amortization | (1) | (2) | (2) | (3) |
Net periodic benefit credit | $ 0 | $ (3) | $ 1 | $ (4) |
Employee Benefit Plans - MEC -
Employee Benefit Plans - MEC - Employer Contributions (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Other Postretirement Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | $ 13 |
Employer contributions | 6 |
MEC | Other Postretirement Plans | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 12 |
Employer contributions | 6 |
United States | Pension Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 13 |
Employer contributions | 7 |
United States | MEC | Pension Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Defined benefit plan, expected contributions in current fiscal year | 7 |
Employer contributions | $ 4 |
Employee Benefit Plans - NPC (D
Employee Benefit Plans - NPC (Details) - NPC - United States - NV Energy - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Other Assets | Other Postretirement Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other non-current assets | $ 4 | $ 4 |
Other Current Liabilities | Other Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other current liabilities | (1) | (1) |
Other Noncurrent Liabilities | Other Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other long-term liabilities | (9) | (9) |
Qualified Plan | Other Assets | Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other non-current assets | $ 10 | $ 8 |
Employee Benefit Plans - SPPC (
Employee Benefit Plans - SPPC (Details) - SPPC - United States - NV Energy - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Other Current Liabilities | Other Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other current liabilities | $ (1) | $ (1) |
Other Noncurrent Liabilities | Other Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other long-term liabilities | (8) | (8) |
Other Noncurrent Liabilities | Other Postretirement Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other long-term liabilities | (14) | (13) |
Qualified Plan | Other Assets | Pension Plan | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Other non-current assets | $ 29 | $ 26 |
Employee Benefit Plans - EEGH (
Employee Benefit Plans - EEGH (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Other Postretirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 4 | $ 3 | $ 6 | $ 4 |
Interest cost | 5 | 4 | 10 | 10 |
Expected return on plan assets | (6) | (7) | (11) | (16) |
Net amortization | (1) | (3) | (2) | (4) |
Net periodic benefit credit | 2 | (3) | 3 | (6) |
United States | Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 8 | 4 | 15 | 7 |
Interest cost | 18 | 23 | 38 | 46 |
Expected return on plan assets | (36) | (35) | (69) | (70) |
Net amortization | 7 | 8 | 13 | 17 |
Net periodic benefit credit | (3) | 0 | (3) | 0 |
United States | Pension Plan | EEGH | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 0 | 2 | 0 | 3 |
Interest cost | 0 | 2 | 0 | 5 |
Expected return on plan assets | 0 | (14) | 0 | (28) |
Net amortization | 0 | 2 | 0 | 4 |
Net periodic benefit credit | 0 | (8) | 0 | (16) |
United States | Other Postretirement Plans | EEGH | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 0 | 0 | 0 | 1 |
Interest cost | 0 | 1 | 0 | 2 |
Expected return on plan assets | 0 | (5) | 0 | (10) |
Net amortization | 0 | 0 | 0 | (1) |
Net periodic benefit credit | $ 0 | $ (4) | $ 0 | $ (8) |
Risk Management and Hedging A_3
Risk Management and Hedging Activities - PAC - Balance Sheet Location (Details) - PAC - Commodity derivatives - USD ($) $ in Millions | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Derivatives, Fair Value [Line Items] | ||||||
Total | $ 102 | $ (17) | ||||
Cash collateral (payable) receivable | (11) | 24 | ||||
Total derivatives - net basis | 91 | 7 | ||||
Other Current Assets | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Total | 115 | 27 | ||||
Cash collateral (payable) receivable | (16) | 0 | ||||
Total derivatives - net basis | 99 | 27 | ||||
Other Assets | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Total | 22 | 6 | ||||
Cash collateral (payable) receivable | 0 | 0 | ||||
Total derivatives - net basis | 22 | 6 | ||||
Other Current Liabilities | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Total | (19) | (22) | ||||
Cash collateral (payable) receivable | 5 | 15 | ||||
Total derivatives - net basis | (14) | (7) | ||||
Other Noncurrent Liabilities | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Total | (16) | (28) | ||||
Cash collateral (payable) receivable | 0 | 9 | ||||
Total derivatives - net basis | (16) | (19) | ||||
Not Designated as Hedging | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, gross | 148 | 36 | ||||
Derivative liability | (46) | (53) | ||||
Total | 102 | (17) | ||||
Net regulatory asset (liability) on derivative contracts | (102) | $ 0 | 17 | $ 68 | $ 84 | $ 62 |
Not Designated as Hedging | Other Current Assets | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, gross | 118 | 29 | ||||
Derivative liability | (3) | (2) | ||||
Total | 115 | 27 | ||||
Not Designated as Hedging | Other Assets | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, gross | 23 | 6 | ||||
Derivative liability | (1) | 0 | ||||
Total | 22 | 6 | ||||
Not Designated as Hedging | Other Current Liabilities | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, gross | 7 | 1 | ||||
Derivative liability | (26) | (23) | ||||
Total | (19) | (22) | ||||
Not Designated as Hedging | Other Noncurrent Liabilities | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Derivative asset, gross | 0 | 0 | ||||
Derivative liability | (16) | (28) | ||||
Total | $ (16) | $ (28) |
Risk Management and Hedging A_4
Risk Management and Hedging Activities - PAC - Not Designated as Hedging Contracts (Details) - PAC - Not Designated as Hedging - Commodity derivatives - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Regulatory Assets (Liabilities), Net, Unrealized Loss (Gain), Net, on Derivative Instruments [Roll Forward] | ||||
Beginning balance | $ 0 | $ 84 | $ 17 | $ 62 |
Changes in fair value | (102) | (6) | (119) | 28 |
Net (losses) gains reclassified to operating revenue | (5) | 5 | (5) | 13 |
Net gains (losses) reclassified to cost of fuel and energy | 5 | (15) | 5 | (35) |
Ending balance | $ (102) | $ 68 | $ (102) | $ 68 |
Risk Management and Hedging A_5
Risk Management and Hedging Activities - PAC - Derivative Contract Volumes (Details) - PAC - Commodity derivatives MWh in Millions, Dth in Millions | Jun. 30, 2021MWhDth | Dec. 31, 2020MWhDth |
Electricity sales, net | ||
Notional Amounts of Outstanding Derivative Positions [Line Items] | ||
Nonmonetary notional amount | MWh | 0 | (1) |
Natural gas purchases | ||
Notional Amounts of Outstanding Derivative Positions [Line Items] | ||
Nonmonetary notional amount | Dth | 121 | 100 |
Risk Management and Hedging A_6
Risk Management and Hedging Activities - PAC - Collateral and Contingent Features (Details) - PAC - Commodity derivatives - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Derivative [Line Items] | ||
Derivative, net liability position, aggregate fair value | $ 42 | $ 51 |
Collateral already posted, aggregate fair value | 5 | 24 |
Additional collateral, aggregate fair value | $ 27 | $ 25 |
Fair Value Measurements - BHE (
Fair Value Measurements - BHE (Details) - Recurring - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | $ (40) | $ (21) |
Assets, fair value | 11,012 | 9,918 |
Derivative liability, offset | 38 | 56 |
Derivative liability | (141) | (121) |
Cash collateral (payable) receivable | (2) | 35 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8,435 | 7,562 |
Derivative liability | (4) | (6) |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 2,417 | 2,180 |
Derivative liability | (121) | (152) |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 200 | 197 |
Derivative liability | (54) | (19) |
Mortgage loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage loans held for sale | 2,082 | 2,001 |
Mortgage loans held for sale | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage loans held for sale | 0 | 0 |
Mortgage loans held for sale | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage loans held for sale | 2,082 | 2,001 |
Mortgage loans held for sale | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage loans held for sale | 0 | 0 |
Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Money market mutual funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
United States government obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
United States government obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
United States government obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
International government obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
International government obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
International government obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
Corporate obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Corporate obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
Corporate obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
Municipal obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Municipal obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
Municipal obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
Agency, asset and mortgage-backed obligations | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Agency, asset and mortgage-backed obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
Agency, asset and mortgage-backed obligations | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
United States companies | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
United States companies | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
United States companies | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 6,735 | 5,906 |
International companies | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 6,735 | 5,906 |
International companies | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
International companies | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | (40) | (21) |
Derivative asset | 355 | 188 |
Derivative liability, offset | 34 | 56 |
Derivative liability | (120) | (54) |
Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 5 | 1 |
Derivative liability, gross | (1) | (1) |
Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 232 | 73 |
Derivative liability, gross | (100) | (90) |
Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 158 | 135 |
Derivative liability, gross | (53) | (19) |
Foreign currency exchange rate derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 16 | 20 |
Derivative liability | (5) | (2) |
Foreign currency exchange rate derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability, gross | 0 | 0 |
Foreign currency exchange rate derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 16 | 20 |
Derivative liability, gross | (5) | (2) |
Foreign currency exchange rate derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability, gross | 0 | 0 |
Interest rate derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 43 | 62 |
Derivative liability, offset | 4 | |
Derivative liability | (16) | (65) |
Interest rate derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability, gross | (3) | (5) |
Interest rate derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 1 | 0 |
Derivative liability, gross | (16) | (60) |
Interest rate derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 42 | 62 |
Derivative liability, gross | $ (1) | $ 0 |
Fair Value Measurements - BHE -
Fair Value Measurements - BHE - Level 3 (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Commodity derivatives | ||||
Fair Value, Assets (Liabilities), Net, Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | $ 124 | $ 52 | $ 116 | $ 97 |
Changes included in earnings | (10) | (1) | (16) | (4) |
Changes in fair value recognized in OCI | (6) | (7) | ||
Changes in fair value recognized in net regulatory assets | (7) | (16) | 9 | (56) |
Purchases | 1 | 1 | 1 | 3 |
Settlements | 3 | 8 | 2 | 4 |
Ending balance | 105 | 44 | 105 | 44 |
Interest rate derivatives | ||||
Fair Value, Assets (Liabilities), Net, Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 41 | 45 | 62 | 14 |
Changes included in earnings | 0 | 33 | (21) | 64 |
Changes in fair value recognized in OCI | 0 | 0 | ||
Changes in fair value recognized in net regulatory assets | 0 | 0 | 0 | 0 |
Purchases | 0 | 0 | 0 | 0 |
Settlements | 0 | 0 | 0 | 0 |
Ending balance | $ 41 | $ 78 | $ 41 | $ 78 |
Fair Value Measurements - BHE_2
Fair Value Measurements - BHE - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 57,059 | $ 60,633 |
Fair Value Measurements - PAC (
Fair Value Measurements - PAC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | $ (40) | $ (21) |
Assets, fair value | 11,012 | 9,918 |
Derivative liability, offset | 38 | 56 |
Derivative liability | (141) | (121) |
Cash collateral receivable (payable) | (2) | 35 |
Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8,435 | 7,562 |
Derivative liability | (4) | (6) |
Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 2,417 | 2,180 |
Derivative liability | (121) | (152) |
Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 200 | 197 |
Derivative liability | (54) | (19) |
Commodity derivatives | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | (40) | (21) |
Derivative asset | 355 | 188 |
Derivative liability, offset | 34 | 56 |
Derivative liability | (120) | (54) |
Commodity derivatives | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 5 | 1 |
Derivative liability, gross | (1) | (1) |
Commodity derivatives | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 232 | 73 |
Derivative liability, gross | (100) | (90) |
Commodity derivatives | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 158 | 135 |
Derivative liability, gross | (53) | (19) |
Money market mutual funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Money market mutual funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
PAC | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 188 | 64 |
PAC | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 67 | 31 |
PAC | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 148 | 36 |
PAC | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 0 | 0 |
PAC | Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash collateral receivable (payable) | (11) | 24 |
PAC | Commodity derivatives | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | (27) | (3) |
Derivative asset | 121 | 33 |
Derivative liability, offset | 16 | 27 |
Derivative liability | (30) | (26) |
Cash collateral receivable (payable) | (11) | 24 |
PAC | Commodity derivatives | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability, gross | 0 | 0 |
PAC | Commodity derivatives | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 148 | 36 |
Derivative liability, gross | (46) | (53) |
PAC | Commodity derivatives | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability, gross | 0 | 0 |
PAC | Money market mutual funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 36 | 6 |
PAC | Money market mutual funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 36 | 6 |
PAC | Money market mutual funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
PAC | Money market mutual funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
PAC | Investment funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 31 | 25 |
PAC | Investment funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 31 | 25 |
PAC | Investment funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
PAC | Investment funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | $ 0 | $ 0 |
Fair Value Measurements - PAC -
Fair Value Measurements - PAC - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
PAC | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 8,214 | 8,612 |
PAC | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 10,133 | $ 10,995 |
Fair Value Measurements - MEC (
Fair Value Measurements - MEC (Details) - Recurring - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | $ (40) | $ (21) |
Assets, fair value | 11,012 | 9,918 |
Derivative liability, offset | 38 | 56 |
Cash collateral (payable) receivable | (2) | 35 |
Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 6,735 | 5,906 |
Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8,435 | 7,562 |
Level 1 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Level 1 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
Level 1 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 1 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 1 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 1 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 1 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
Level 1 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 6,735 | 5,906 |
Level 1 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 2,417 | 2,180 |
Level 2 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 2 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 2 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
Level 2 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
Level 2 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
Level 2 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
Level 2 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 2 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 2 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 200 | 197 |
Level 3 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 3 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 3 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 3 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 3 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 3 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
Level 3 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 3 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Level 3 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, offset | (40) | (21) |
Derivative liability, offset | 34 | 56 |
Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 5 | 1 |
Derivative liability | (1) | (1) |
Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 232 | 73 |
Derivative liability | (100) | (90) |
Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 158 | 135 |
Derivative liability | (53) | (19) |
MEC | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 779 | 738 |
Cash collateral (payable) receivable | 3 | 0 |
MEC | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 7 | 41 |
MEC | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
MEC | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
MEC | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
MEC | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
MEC | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
MEC | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
MEC | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 8 | 9 |
MEC | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 24 | 17 |
MEC | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 673 | 648 |
MEC | Level 1 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 7 | 41 |
MEC | Level 1 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 222 | 200 |
MEC | Level 1 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 1 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 1 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 1 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 1 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 412 | 381 |
MEC | Level 1 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 8 | 9 |
MEC | Level 1 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 24 | 17 |
MEC | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 106 | 90 |
MEC | Level 2 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 2 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 2 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 5 | 5 |
MEC | Level 2 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 78 | 73 |
MEC | Level 2 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 2 | 2 |
MEC | Level 2 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 1 | 6 |
MEC | Level 2 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 2 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 2 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
MEC | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 4 | 5 |
MEC | Level 3 | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 3 | United States government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 3 | International government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 3 | Corporate obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 3 | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 3 | Agency, asset and mortgage-backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt securities | 0 | 0 |
MEC | Level 3 | United States companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 3 | International companies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
MEC | Level 3 | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
MEC | Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 20 | 4 |
Derivative asset, offset | (4) | (5) |
Derivative liability | (1) | (2) |
Derivative liability, offset | 7 | 5 |
MEC | Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability | (1) | 0 |
MEC | Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 20 | 4 |
Derivative liability | (2) | (4) |
MEC | Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 4 | 5 |
Derivative liability | $ (5) | $ (3) |
Fair Value Measurements - MEC -
Fair Value Measurements - MEC - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
MEC | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 7,224 | 7,210 |
MEC | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 8,698 | $ 9,130 |
Fair Value Measurements - LLC (
Fair Value Measurements - LLC (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
MidAmerican Funding, LLC | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 7,464 | 7,450 |
MidAmerican Funding, LLC | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 9,020 | $ 9,466 |
Fair Value Measurements - NPC (
Fair Value Measurements - NPC (Details) - Recurring - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | $ 11,012 | $ 9,918 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8,435 | 7,562 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 2,417 | 2,180 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 200 | 197 |
Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 5 | 1 |
Derivative liability | (1) | (1) |
Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 232 | 73 |
Derivative liability | (100) | (90) |
Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 158 | 135 |
Derivative liability | (53) | (19) |
NPC | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 124 | 49 |
NPC | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 72 | 23 |
NPC | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 0 | 0 |
NPC | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 52 | 26 |
NPC | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 70 | 21 |
NPC | Money market mutual funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 70 | 21 |
NPC | Money market mutual funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
NPC | Money market mutual funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
NPC | Investment funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2 | 2 |
NPC | Investment funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 2 | 2 |
NPC | Investment funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
NPC | Investment funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
NPC | Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 52 | 26 |
Derivative liability | (27) | (11) |
NPC | Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability | 0 | 0 |
NPC | Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability | 0 | 0 |
NPC | Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 52 | 26 |
Derivative liability | $ (27) | $ (11) |
Fair Value Measurements - NPC -
Fair Value Measurements - NPC - Level 3 (Details) - NPC - Commodity - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Fair Value, Assets (Liabilities), Net, Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | $ 27 | $ (38) | $ 15 | $ (8) |
Changes in fair value recognized in regulatory assets | (6) | (13) | 5 | (44) |
Settlements | 4 | 7 | 5 | 8 |
Ending balance | $ 25 | $ (44) | $ 25 | $ (44) |
Fair Value Measurements - NPC_2
Fair Value Measurements - NPC - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
NPC | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 2,498 | 2,496 |
NPC | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 3,105 | $ 3,245 |
Fair Value Measurements - SPPC
Fair Value Measurements - SPPC (Details) - Recurring - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | $ 11,012 | $ 9,918 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8,435 | 7,562 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 2,417 | 2,180 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 200 | 197 |
Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 5 | 1 |
Derivative liability | (1) | (1) |
Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 232 | 73 |
Derivative liability | (100) | (90) |
Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 158 | 135 |
Derivative liability | (53) | (19) |
SPPC | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 26 | 26 |
SPPC | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 8 | 17 |
SPPC | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 0 | 0 |
SPPC | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value | 18 | 9 |
SPPC | Money market mutual funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 8 | 17 |
SPPC | Money market mutual funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 8 | 17 |
SPPC | Money market mutual funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
SPPC | Money market mutual funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available-for-sale securities | 0 | 0 |
SPPC | Commodity derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 18 | 9 |
Derivative liability | (6) | (2) |
SPPC | Commodity derivatives | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability | 0 | 0 |
SPPC | Commodity derivatives | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 0 | 0 |
Derivative liability | 0 | 0 |
SPPC | Commodity derivatives | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, gross | 18 | 9 |
Derivative liability | $ (6) | $ (2) |
Fair Value Measurements - SPP_2
Fair Value Measurements - SPPC - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
SPPC | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 1,164 | 1,164 |
SPPC | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 1,324 | $ 1,358 |
Fair Value Measurements - EEGH
Fair Value Measurements - EEGH (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | $ 11,012 | $ 9,918 |
Derivative liability | (141) | (121) |
Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 74 | 20 |
Derivative liability | (5) | (9) |
Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 8,435 | 7,562 |
Derivative liability | (4) | (6) |
Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 58 | 0 |
Derivative liability | 0 | 0 |
Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 2,417 | 2,180 |
Derivative liability | (121) | (152) |
Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 16 | 20 |
Derivative liability | (5) | (9) |
Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 200 | 197 |
Derivative liability | (54) | (19) |
Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, fair value disclosure | 0 | 0 |
Derivative liability | 0 | 0 |
Money market mutual funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 45 | |
Money market mutual funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 795 | 873 |
Money market mutual funds | Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 45 | |
Money market mutual funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Money market mutual funds | Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
Money market mutual funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Money market mutual funds | Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
Investment funds | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 13 | 0 |
Investment funds | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 13 | |
Investment funds | Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 266 | 201 |
Investment funds | Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 13 | |
Investment funds | Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
Investment funds | Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | 0 |
Investment funds | Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity securities | 0 | |
Commodity derivatives | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 355 | 188 |
Derivative liability | (120) | (54) |
Commodity derivatives | Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | (1) | |
Commodity derivatives | Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | 0 | |
Commodity derivatives | Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | (1) | |
Commodity derivatives | Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | 0 | |
Foreign currency exchange rate derivatives | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 16 | 20 |
Derivative liability | (5) | (2) |
Foreign currency exchange rate derivatives | Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 16 | 20 |
Derivative liability | (5) | (2) |
Foreign currency exchange rate derivatives | Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 0 | 0 |
Derivative liability | 0 | 0 |
Foreign currency exchange rate derivatives | Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 16 | 20 |
Derivative liability | (5) | (2) |
Foreign currency exchange rate derivatives | Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 0 | 0 |
Derivative liability | 0 | 0 |
Interest rate derivatives | Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset | 43 | 62 |
Derivative liability | $ (16) | (65) |
Interest rate derivatives | Recurring | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | (6) | |
Interest rate derivatives | Recurring | Level 1 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | 0 | |
Interest rate derivatives | Recurring | Level 2 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | (6) | |
Interest rate derivatives | Recurring | Level 3 | EEGH | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liability | $ 0 |
Fair Value Measurements - EEG_2
Fair Value Measurements - EEGH - Debt (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | $ 48,873 | $ 49,866 |
Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | 57,059 | 60,633 |
EEGH | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, carrying value | 3,916 | 4,425 |
EEGH | Level 2 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt, fair value | $ 4,298 | $ 5,012 |
Commitments and Contingencies -
Commitments and Contingencies - Construction Commitments and Easements (Details) - MEC $ in Millions | Jun. 30, 2021USD ($) |
Construction Commitment | |
Loss Contingencies [Line Items] | |
Purchase obligation | $ 558 |
Easements | |
Loss Contingencies [Line Items] | |
Purchase obligation | $ 87 |
Commitments and Contingencies_2
Commitments and Contingencies - Legal Matters (Details) - 2020 Wildfires - PAC a in Millions, $ in Millions | 1 Months Ended | |
Sep. 30, 2020USD ($)anaturalGasProducer | Jun. 30, 2021USD ($) | |
Loss Contingencies [Line Items] | ||
Number of acres burned | a | 0.5 | |
Number of structures destroyed | naturalGasProducer | 2,000 | |
Fire suppression costs | $ 150 | |
Estimate of possible loss | $ 136 |
Commitments and Contingencies_3
Commitments and Contingencies - Environmental Laws and Regulations (Details) - PAC - Klamath Hydroelectric System $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
ContractualObligationFiscalYearMaturityScheduleTable [Line Items] | |
Dam removal cost limit | $ 200 |
Additional dam removal costs, California bond measure | 250 |
Hydroelectric dam removal cost, additional contingency funding | 45 |
Hydroelectric dam removal cost, total funding | $ 450 |
Commitments and Contingencies_4
Commitments and Contingencies - MEC (Details) - MEC $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Construction Commitment | |
Loss Contingencies [Line Items] | |
Purchase obligation | $ 558 |
Easements | |
Loss Contingencies [Line Items] | |
Purchase obligation | $ 87 |
Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, approved return on equity adder | 0.50% |
Transmission | Unfavorable Regulatory Action | |
Loss Contingencies [Line Items] | |
Accrued liability for estimated transmission billings refunds | $ 10 |
Prior to September 2016 | Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, approved return on equity | 12.38% |
November 2013 to February 2015 | Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, approved return on equity | 10.32% |
Public utilities, intervenor proposed return on equity | 9.15% |
February 2015 through May 2016 | Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, intervenor proposed return on equity | 8.67% |
Nov 2019 Order For Nov 2013 to Feb 2015 and Sept 2016 Forward | Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, approved return on equity | 9.88% |
Public utilities, approved return on equity plus adder | 10.38% |
May 2020 Order For Nov 2013 to Feb 2015 and Sept 2016 Forward | Transmission | |
Loss Contingencies [Line Items] | |
Public utilities, approved return on equity | 10.02% |
Public utilities, approved return on equity plus adder | 10.52% |
Revenue from Contracts with C_3
Revenue from Contracts with Customers - BHE (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 4,301 | 3,419 | 9,150 | 7,053 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
PAC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,286 | 1,127 | 2,515 | 2,297 |
Operating revenue | 1,298 | 1,144 | 2,540 | 2,350 |
PAC | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1,298 | 1,144 | 2,540 | 2,350 |
PAC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 12 | 17 | 25 | 53 |
MidAmerican Funding | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 690 | 610 | 1,752 | 1,292 |
Operating revenue | 693 | 616 | 1,760 | 1,302 |
MidAmerican Funding | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 693 | 616 | 1,760 | 1,302 |
MidAmerican Funding | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 3 | 6 | 8 | 10 |
NV Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 762 | 687 | 1,347 | 1,302 |
Operating revenue | 767 | 695 | 1,358 | 1,317 |
NV Energy | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 767 | 695 | 1,358 | 1,317 |
NV Energy | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 5 | 8 | 11 | 15 |
Northern Powergrid | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 251 | 196 | 524 | 436 |
Operating revenue | 280 | 221 | 580 | 487 |
Northern Powergrid | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 280 | 221 | 580 | 487 |
Northern Powergrid | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 29 | 25 | 56 | 51 |
BHE Pipeline Group | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 689 | 221 | 1,760 | 621 |
Operating revenue | 706 | 225 | 1,799 | 626 |
BHE Pipeline Group | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 706 | 225 | 1,799 | 626 |
BHE Pipeline Group | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 17 | 4 | 39 | 5 |
BHE Transmission | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 185 | 169 | 365 | 341 |
Operating revenue | 182 | 169 | 362 | 341 |
BHE Transmission | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 182 | 169 | 362 | 341 |
BHE Transmission | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | (3) | 0 | (3) | 0 |
BHE Renewables | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 239 | 212 | 405 | 371 |
BHE Renewables | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 267 | 244 | 457 | 422 |
BHE Renewables | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 28 | 32 | 52 | 51 |
BHE and Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 97 | 95 | 243 | 173 |
Operating revenue | 108 | 105 | 294 | 208 |
BHE and Other | Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 108 | 105 | 294 | 208 |
BHE and Other | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 11 | 10 | 51 | 35 |
Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2,411 | 2,172 | 4,519 | 4,233 |
Regulated | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 109 | 104 | 607 | 338 |
Regulated | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 108 | 59 | 301 | 136 |
Regulated | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 495 | 419 | 991 | 881 |
Regulated | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 433 | 195 | 1,207 | 547 |
Regulated | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 56 | 47 |
Regulated | PAC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,286 | 1,127 | 2,515 | 2,297 |
Regulated | PAC | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,188 | 1,066 | 2,333 | 2,188 |
Regulated | PAC | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | PAC | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 30 | 17 | 66 | 17 |
Regulated | PAC | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 37 | 24 | 62 | 46 |
Regulated | PAC | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | PAC | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 54 | 46 |
Regulated | MidAmerican Funding | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 689 | 607 | 1,741 | 1,283 |
Regulated | MidAmerican Funding | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 516 | 468 | 968 | 878 |
Regulated | MidAmerican Funding | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 89 | 84 | 549 | 271 |
Regulated | MidAmerican Funding | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 69 | 37 | 194 | 101 |
Regulated | MidAmerican Funding | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 15 | 18 | 30 | 33 |
Regulated | MidAmerican Funding | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | MidAmerican Funding | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | NV Energy | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 761 | 686 | 1,346 | 1,300 |
Regulated | NV Energy | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 708 | 638 | 1,219 | 1,167 |
Regulated | NV Energy | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 20 | 20 | 58 | 67 |
Regulated | NV Energy | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 10 | 6 | 25 | 20 |
Regulated | NV Energy | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 22 | 22 | 43 | 45 |
Regulated | NV Energy | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | NV Energy | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 0 | 1 | 1 |
Regulated | Northern Powergrid | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 243 | 191 | 506 | 424 |
Regulated | Northern Powergrid | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | Northern Powergrid | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | Northern Powergrid | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | Northern Powergrid | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 243 | 191 | 506 | 424 |
Regulated | Northern Powergrid | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | Northern Powergrid | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Pipeline Group | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 457 | 221 | 1,291 | 621 |
Regulated | BHE Pipeline Group | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Pipeline Group | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Pipeline Group | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 17 | 0 |
Regulated | BHE Pipeline Group | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Pipeline Group | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 458 | 221 | 1,273 | 621 |
Regulated | BHE Pipeline Group | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | (1) | 0 | 1 | 0 |
Regulated | BHE Transmission | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 178 | 164 | 350 | 333 |
Regulated | BHE Transmission | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Transmission | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Transmission | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Transmission | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 178 | 164 | 350 | 333 |
Regulated | BHE Transmission | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Transmission | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE Renewables | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE and Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | (27) | (27) | (68) | (76) |
Regulated | BHE and Other | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | (1) | 0 | (1) | 0 |
Regulated | BHE and Other | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE and Other | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | (1) | (1) | (1) | (2) |
Regulated | BHE and Other | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Regulated | BHE and Other | Interstate pipeline | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | (25) | (26) | (66) | (74) |
Regulated | BHE and Other | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Nonregulated | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 612 | 348 | 1,230 | 651 |
Nonregulated | PAC | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
Nonregulated | MidAmerican Funding | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 3 | 11 | 9 |
Nonregulated | NV Energy | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 1 | 1 | 2 |
Nonregulated | Northern Powergrid | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 8 | 5 | 18 | 12 |
Nonregulated | BHE Pipeline Group | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 232 | 0 | 469 | 0 |
Nonregulated | BHE Transmission | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 7 | 5 | 15 | 8 |
Nonregulated | BHE Renewables | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 239 | 212 | 405 | 371 |
Nonregulated | BHE and Other | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 124 | $ 122 | $ 311 | $ 249 |
Revenue from Contracts with C_4
Revenue from Contracts with Customers - BHE - Real Estate Services (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Real estate | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1,763 | 1,193 | 2,995 | 2,086 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
HomeServices | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1,763 | 1,193 | 2,995 | 2,086 |
HomeServices | Real estate | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,593 | 972 | 2,633 | 1,765 |
Operating revenue | 1,763 | 1,193 | 2,995 | 2,086 |
HomeServices | Brokerage | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,569 | 957 | 2,591 | 1,734 |
HomeServices | Franchise | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 24 | 15 | 42 | 31 |
HomeServices | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | $ 170 | $ 221 | $ 362 | $ 321 |
Revenue from Contracts with C_5
Revenue from Contracts with Customers - BHE - Remaining Performance Obligation Total (Details) $ in Millions | Jun. 30, 2021USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 24,640 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 2,912 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | 12 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 21,728 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | |
BHE Pipeline Group | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 24,290 |
BHE Pipeline Group | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 2,562 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | 12 months |
BHE Pipeline Group | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 21,728 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | |
BHE Transmission | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 350 |
BHE Transmission | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 350 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | 12 months |
BHE Transmission | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 0 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period |
Revenue from Contracts with C_6
Revenue from Contracts with Customers - PAC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2,411 | 2,172 | 4,519 | 4,233 |
Regulated | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 108 | 59 | 301 | 136 |
Regulated | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 495 | 419 | 991 | 881 |
Regulated | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 56 | 47 |
PAC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1,298 | 1,144 | 2,540 | 2,350 |
PAC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 12 | 17 | 25 | 53 |
PAC | Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,286 | 1,127 | 2,515 | 2,297 |
PAC | Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1,188 | 1,066 | 2,333 | 2,188 |
PAC | Regulated | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 30 | 17 | 66 | 17 |
PAC | Regulated | Transmission and distribution | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 37 | 24 | 62 | 46 |
PAC | Regulated | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 54 | 46 |
PAC | Regulated | Residential | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 429 | 384 | 912 | 844 |
PAC | Regulated | Commercial | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 393 | 346 | 752 | 704 |
PAC | Regulated | Industrial | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 282 | 268 | 553 | 545 |
PAC | Regulated | Other retail | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 84 | $ 68 | $ 116 | $ 95 |
Revenue from Contracts with C_7
Revenue from Contracts with Customers - MEC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 690 | 607 | 1,752 | 1,284 |
Operating revenue | 693 | 613 | 1,760 | 1,294 |
MEC | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 11 | ||
MEC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 3 | 6 | 8 | 10 |
Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2,411 | 2,172 | 4,519 | 4,233 |
Regulated | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 109 | 104 | 607 | 338 |
Regulated | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 108 | 59 | 301 | 136 |
Regulated | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 56 | 47 |
Regulated | MEC | Retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 605 | 553 | 1,517 | 1,149 |
Regulated | MEC | Retail | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 229 | 225 | 698 | 501 |
Regulated | MEC | Retail | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 98 | 88 | 298 | 201 |
Regulated | MEC | Retail | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 233 | 200 | 435 | 367 |
Regulated | MEC | Retail | Natural gas transportation services | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 9 | 7 | 19 | 18 |
Regulated | MEC | Retail | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 36 | 33 | 67 | 62 |
Regulated | MEC | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 69 | 37 | 194 | 101 |
Regulated | MEC | Multi-value transmission projects | Multi-value transmission projects | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 15 | 17 | 30 | 33 |
Nonregulated | MEC | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 1 | ||
Electric | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 586 | 518 | 1,131 | 989 |
Electric | Regulated | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 583 | 513 | 1,124 | 981 |
Operating revenue | 586 | 518 | 1,131 | 989 |
Electric | Regulated | MEC | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 516 | 468 | 968 | 878 |
Electric | Regulated | MEC | Retail electric | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 170 | 166 | 331 | 314 |
Electric | Regulated | MEC | Retail electric | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 80 | 73 | 151 | 143 |
Electric | Regulated | MEC | Retail electric | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 230 | 197 | 420 | 360 |
Electric | Regulated | MEC | Retail electric | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 36 | 32 | 66 | 61 |
Electric | Regulated | MEC | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 52 | 28 | 126 | 70 |
Electric | Regulated | MEC | Multi-value transmission projects | Multi-value transmission projects | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 15 | 17 | 30 | 33 |
Electric | Regulated | MEC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 3 | 5 | 7 | 8 |
Natural Gas | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 106 | 95 | 618 | 304 |
Natural Gas | Regulated | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 106 | 94 | 617 | 302 |
Operating revenue | 106 | 95 | 618 | 304 |
Natural Gas | Regulated | MEC | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 89 | 85 | 549 | 271 |
Natural Gas | Regulated | MEC | Retail gas | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 59 | 59 | 367 | 187 |
Natural Gas | Regulated | MEC | Retail gas | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 18 | 15 | 147 | 58 |
Natural Gas | Regulated | MEC | Retail gas | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3 | 3 | 15 | 7 |
Natural Gas | Regulated | MEC | Retail gas | Natural gas transportation services | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 9 | 7 | 19 | 18 |
Natural Gas | Regulated | MEC | Retail gas | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 1 | 1 | 1 |
Natural Gas | Regulated | MEC | Wholesale | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 17 | 9 | 68 | 31 |
Natural Gas | Regulated | MEC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 0 | 1 | 1 | 2 |
Other | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1 | 0 | 11 | 1 |
Other | Nonregulated | MEC | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 0 | 11 | 1 |
Operating revenue | 1 | 0 | 11 | 1 |
Other | Nonregulated | MEC | Other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 0 | 11 | 1 |
Other | Nonregulated | MEC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue from Contracts with C_8
Revenue from Contracts with Customers - LLC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Nonregulated | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 612 | 348 | 1,230 | 651 |
Other | MidAmerican Funding, LLC | Nonregulated | Nonregulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 0 | $ 3 | $ 0 | $ 8 |
Revenue from Contracts with C_9
Revenue from Contracts with Customers - NPC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2,411 | 2,172 | 4,519 | 4,233 |
NPC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 559 | 509 | 929 | 898 |
NPC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 5 | 6 | 11 | 12 |
NPC | Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 554 | 503 | 918 | 886 |
NPC | Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 539 | 491 | 889 | 859 |
NPC | Regulated | Wholesale, transmission and other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 15 | 12 | 29 | 27 |
NPC | Customer Revenue | Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 534 | 485 | 879 | 846 |
NPC | Customer Revenue | Regulated | Retail electric | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 326 | 304 | 521 | 497 |
NPC | Customer Revenue | Regulated | Retail electric | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 110 | 96 | 194 | 190 |
NPC | Customer Revenue | Regulated | Retail electric | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 95 | 83 | 158 | 154 |
NPC | Customer Revenue | Regulated | Retail electric | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3 | 2 | 6 | 5 |
NPC | Distribution only service | Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 5 | $ 6 | $ 10 | $ 13 |
Revenue from Contracts with _10
Revenue from Contracts with Customers - SPPC (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2,411 | 2,172 | 4,519 | 4,233 |
Regulated | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 109 | 104 | 607 | 338 |
SPPC | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 209 | 185 | 429 | 417 |
SPPC | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1 | 1 | 2 | 3 |
SPPC | Electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 189 | 165 | 370 | 349 |
SPPC | Electric | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 1 | 1 | 1 | 2 |
SPPC | Natural Gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 20 | 20 | 59 | 68 |
SPPC | Natural Gas | Other revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Operating revenue | 0 | 0 | 1 | 1 |
SPPC | Regulated | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 208 | 184 | 427 | 414 |
SPPC | Regulated | Wholesale, transmission and other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 12 | 9 | 28 | 24 |
SPPC | Regulated | Electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 188 | 164 | 369 | 347 |
SPPC | Regulated | Electric | Wholesale, transmission and other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 12 | 9 | 28 | 24 |
SPPC | Regulated | Natural Gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 20 | 20 | 58 | 67 |
SPPC | Regulated | Natural Gas | Wholesale, transmission and other | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
SPPC | Regulated | Total retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 196 | 175 | 399 | 390 |
SPPC | Regulated | Total retail | Electric | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 176 | 155 | 341 | 323 |
SPPC | Regulated | Total retail | Natural Gas | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 20 | 20 | 58 | 67 |
SPPC | Regulated | Customer Revenue | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 195 | 174 | 397 | 388 |
SPPC | Regulated | Customer Revenue | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 81 | 77 | 176 | 176 |
SPPC | Regulated | Customer Revenue | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 69 | 60 | 132 | 129 |
SPPC | Regulated | Customer Revenue | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 44 | 36 | 86 | 81 |
SPPC | Regulated | Customer Revenue | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 1 | 3 | 2 |
SPPC | Regulated | Customer Revenue | Electric | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 175 | 154 | 339 | 321 |
SPPC | Regulated | Customer Revenue | Electric | Retail electric | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 68 | 63 | 138 | 132 |
SPPC | Regulated | Customer Revenue | Electric | Retail electric | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 64 | 56 | 117 | 112 |
SPPC | Regulated | Customer Revenue | Electric | Retail electric | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 42 | 34 | 81 | 75 |
SPPC | Regulated | Customer Revenue | Electric | Retail electric | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 1 | 3 | 2 |
SPPC | Regulated | Customer Revenue | Natural Gas | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 20 | 20 | 58 | 67 |
SPPC | Regulated | Customer Revenue | Natural Gas | Retail gas | Residential | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 13 | 14 | 38 | 44 |
SPPC | Regulated | Customer Revenue | Natural Gas | Retail gas | Commercial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 5 | 4 | 15 | 17 |
SPPC | Regulated | Customer Revenue | Natural Gas | Retail gas | Industrial | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 2 | 2 | 5 | 6 |
SPPC | Regulated | Customer Revenue | Natural Gas | Retail gas | Other retail | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 0 | 0 |
SPPC | Regulated | Distribution only service | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 1 | 2 | 2 |
SPPC | Regulated | Distribution only service | Electric | Retail electric | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | 1 | 1 | 2 | 2 |
SPPC | Regulated | Distribution only service | Natural Gas | Retail gas | ||||
Disaggregation of Revenue [Line Items] | ||||
Total Customer Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue from Contracts with _11
Revenue from Contracts with Customers - EEGH (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | $ 4,199 | $ 3,317 | $ 8,911 | $ 6,833 |
Operating revenue | 6,064 | 4,612 | 12,145 | 9,139 |
EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 434 | 509 | 920 | 1,064 |
Operating revenue | 437 | 510 | 923 | 1,066 |
Regulated | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 3,587 | 2,969 | 7,681 | 6,182 |
Regulated | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 244 | 304 | 540 | 651 |
Nonregulated | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 190 | 205 | 380 | 413 |
Regulated gas transportation and storage [Member] | Regulated | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 109 | 104 | 607 | 338 |
Regulated gas transportation and storage [Member] | Regulated | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 246 | 302 | 525 | 646 |
Wholesale | Regulated | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 108 | 59 | 301 | 136 |
Wholesale | Regulated | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 0 | 0 | 17 | 2 |
Regulated other [Member] | Regulated | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | 31 | 20 | 56 | 47 |
Regulated other [Member] | Regulated | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Total Customer Revenue | (2) | 2 | (2) | 3 |
Other revenue | ||||
Revenue from External Customer [Line Items] | ||||
Operating revenue | 102 | 102 | 239 | 220 |
Other revenue | EEGH | ||||
Revenue from External Customer [Line Items] | ||||
Operating revenue | $ 3 | $ 1 | $ 3 | $ 2 |
Revenue from Contracts with _12
Revenue from Contracts with Customers - EEGH - Remaining Performance Obligation (Details) $ in Millions | Jun. 30, 2021USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 24,640 |
EEGH | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | 18,350 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 2,912 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | 12 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01 | EEGH | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 1,571 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | 12 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 21,728 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | EEGH | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Performance obligations expected to be satisfied | $ 16,779 |
Performance obligations expected to be satisfied, expected timing of satisfaction, period |
BHE Shareholders' Equity (Detai
BHE Shareholders' Equity (Details) - USD ($) $ in Millions | Jul. 22, 2021 | Jun. 30, 2020 |
Class of Stock [Line Items] | ||
Stock repurchased | $ 126 | |
Redeemable Preferred Stock | Natural Gas Transmission and Storage | Subsequent Event | ||
Class of Stock [Line Items] | ||
Stock redeemed (in shares) | 1,450,003 | |
Preferred Stock, dividend rate | 4.00% | |
Stock redeemed | $ 1,450 | |
Common Stock | ||
Class of Stock [Line Items] | ||
Stock repurchased (in shares) | 180,358 | |
Stock repurchased | $ 126 |
Components of Other Comprehen_3
Components of Other Comprehensive Income (Loss), Net - BHE (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | $ 47,051 | $ 32,572 | $ 46,977 | $ 32,578 |
Other comprehensive income (loss) | 84 | 128 | 196 | (419) |
Balance | 49,365 | 33,785 | 49,365 | 33,785 |
Unrecognized Amounts on Retirement Benefits | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | (492) | (417) | ||
Other comprehensive income (loss) | 22 | 44 | ||
Balance | (470) | (373) | (470) | (373) |
Foreign Currency Translation Adjustment | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | (1,062) | (1,296) | ||
Other comprehensive income (loss) | 159 | (439) | ||
Balance | (903) | (1,735) | (903) | (1,735) |
Unrealized Losses on Cash Flow Hedges | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | (8) | 7 | ||
Other comprehensive income (loss) | 15 | (24) | ||
Balance | 7 | (17) | 7 | (17) |
Noncontrolling Interest | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | (10) | 0 | ||
Other comprehensive income (loss) | 4 | 0 | ||
Balance | (6) | 0 | (6) | 0 |
Accumulated Other Comprehensive (Loss) Income, Net | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Balance | (1,440) | (2,253) | (1,552) | (1,706) |
Other comprehensive income (loss) | 80 | 128 | 192 | (419) |
Balance | $ (1,360) | $ (2,125) | $ (1,360) | $ (2,125) |
Components of Other Comprehen_4
Components of Other Comprehensive Income (Loss), Net - EEGH (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | $ 47,051 | $ 32,572 | $ 46,977 | $ 32,578 |
Other comprehensive income (loss) | 84 | 128 | 196 | (419) |
Balance | 49,365 | 33,785 | 49,365 | 33,785 |
EEGH | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | 7,078 | 10,078 | 6,995 | 10,229 |
Other comprehensive income (loss) | 5 | 0 | 17 | (84) |
Balance | 7,398 | 8,456 | 7,398 | 8,456 |
Unrecognized Amounts on Retirement Benefits | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (492) | (417) | ||
Other comprehensive income (loss) | 22 | 44 | ||
Balance | (470) | (373) | (470) | (373) |
Unrecognized Amounts on Retirement Benefits | EEGH | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (12) | (106) | ||
Other comprehensive income (loss) | 4 | 3 | ||
Balance | (8) | (103) | (8) | (103) |
Unrealized Losses on Cash Flow Hedges | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (8) | 7 | ||
Other comprehensive income (loss) | 15 | (24) | ||
Balance | 7 | (17) | 7 | (17) |
Unrealized Losses on Cash Flow Hedges | EEGH | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (51) | (81) | ||
Other comprehensive income (loss) | 13 | (87) | ||
Balance | (38) | (168) | (38) | (168) |
Noncontrolling Interest | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (10) | 0 | ||
Other comprehensive income (loss) | 4 | 0 | ||
Balance | (6) | 0 | (6) | 0 |
Noncontrolling Interest | EEGH | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (10) | 0 | ||
Other comprehensive income (loss) | 4 | 0 | ||
Balance | (6) | 0 | (6) | 0 |
Accumulated Other Comprehensive (Loss) Income, Net | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (1,440) | (2,253) | (1,552) | (1,706) |
Other comprehensive income (loss) | 80 | 128 | 192 | (419) |
Balance | (1,360) | (2,125) | (1,360) | (2,125) |
Accumulated Other Comprehensive (Loss) Income, Net | EEGH | ||||
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward] | ||||
Balance | (45) | (271) | (53) | (187) |
Other comprehensive income (loss) | 5 | 13 | (84) | |
Balance | $ (40) | $ (271) | $ (40) | $ (271) |
Segment Information - BHE (Deta
Segment Information - BHE (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||||
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 | |
Depreciation and amortization | 947 | 736 | 1,874 | 1,557 | |
Operating income | 1,208 | 936 | 2,541 | 1,855 | |
Interest expense | 532 | 503 | 1,062 | 986 | |
Capitalized interest | 14 | 19 | 28 | 36 | |
Allowance for equity funds | 30 | 38 | 56 | 72 | |
Interest and dividend income | 26 | 20 | 47 | 40 | |
Gains on marketable securities, net | 1,966 | 583 | 848 | 610 | |
Other, net | 48 | 52 | 56 | 25 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 | |
Net income (loss) | 2,281 | 1,116 | 2,285 | 1,786 | |
Earnings on common shares | 2,244 | 1,116 | 2,210 | 1,786 | |
Assets | 130,561 | 130,561 | $ 127,316 | ||
PAC | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 1,298 | 1,144 | 2,540 | 2,350 | |
Depreciation and amortization | 275 | 210 | 539 | 462 | |
Operating income | 283 | 256 | 517 | 490 | |
Interest expense | 105 | 110 | 212 | 212 | |
Earnings on common shares | 226 | 167 | 395 | 343 | |
Assets | 27,235 | 27,235 | 26,862 | ||
MidAmerican Funding | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 693 | 616 | 1,760 | 1,302 | |
Depreciation and amortization | 209 | 175 | 416 | 351 | |
Operating income | 103 | 110 | 151 | 212 | |
Interest expense | 78 | 78 | 156 | 159 | |
Earnings on common shares | 211 | 208 | 355 | 358 | |
Assets | 24,156 | 24,156 | 23,530 | ||
NV Energy | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 767 | 695 | 1,358 | 1,317 | |
Depreciation and amortization | 137 | 125 | 273 | 249 | |
Operating income | 145 | 161 | 215 | 240 | |
Interest expense | 51 | 57 | 103 | 115 | |
Earnings on common shares | 100 | 98 | 134 | 118 | |
Assets | 14,839 | 14,839 | 14,501 | ||
Northern Powergrid | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 280 | 221 | 580 | 487 | |
Depreciation and amortization | 73 | 63 | 144 | 126 | |
Operating income | 126 | 89 | 277 | 221 | |
Interest expense | 32 | 31 | 65 | 63 | |
Earnings on common shares | (25) | 59 | 79 | 146 | |
Assets | 9,071 | 9,071 | 8,782 | ||
BHE Pipeline Group | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 706 | 225 | 1,799 | 626 | |
Depreciation and amortization | 121 | 25 | 239 | 89 | |
Operating income | 245 | 92 | 863 | 341 | |
Interest expense | 40 | 15 | 78 | 29 | |
Earnings on common shares | 100 | 64 | 483 | 243 | |
Assets | 19,739 | 19,739 | 19,541 | ||
BHE Transmission | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 182 | 169 | 362 | 341 | |
Depreciation and amortization | 60 | 55 | 118 | 115 | |
Operating income | 85 | 81 | 166 | 157 | |
Interest expense | 40 | 35 | 78 | 73 | |
Earnings on common shares | 60 | 60 | 119 | 115 | |
Assets | 9,516 | 9,516 | 9,208 | ||
BHE Renewables | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 267 | 244 | 457 | 422 | |
Depreciation and amortization | 61 | 71 | 121 | 142 | |
Operating income | 97 | 84 | 130 | 101 | |
Interest expense | 40 | 42 | 80 | 84 | |
Earnings on common shares | 181 | 138 | 197 | 233 | |
Assets | 11,754 | 11,754 | 12,004 | ||
HomeServices | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 1,763 | 1,193 | 2,995 | 2,086 | |
Depreciation and amortization | 12 | 12 | 23 | 23 | |
Operating income | 179 | 77 | 291 | 97 | |
Interest expense | 1 | 3 | 2 | 8 | |
Earnings on common shares | 135 | 59 | 219 | 69 | |
Assets | 5,410 | 5,410 | 4,955 | ||
BHE and Other | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 108 | 105 | 294 | 208 | |
Depreciation and amortization | (1) | 0 | 1 | 0 | |
Operating income | (55) | (14) | (69) | (4) | |
Interest expense | 145 | 132 | 288 | 243 | |
Earnings on common shares | 1,256 | 263 | 229 | 161 | |
Assets | 8,841 | 8,841 | $ 7,933 | ||
United States | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 5,604 | 4,224 | 11,201 | 8,313 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,611 | 1,027 | 2,188 | 1,381 | |
United Kingdom | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 280 | 221 | 580 | 487 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 104 | 59 | 236 | 168 | |
Canada | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 180 | 167 | 357 | 338 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 46 | 46 | 85 | 86 | |
Philippines and other | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 0 | 0 | 7 | 1 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | $ (1) | $ 13 | $ 5 | $ 17 |
Segment Information - BHE - Goo
Segment Information - BHE - Goodwill (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Goodwill [Roll Forward] | |
Beginning balance | $ 11,506 |
Acquisitions | 13 |
Foreign currency translation | 51 |
Ending balance | 11,570 |
PAC | |
Goodwill [Roll Forward] | |
Beginning balance | 1,129 |
Acquisitions | 0 |
Foreign currency translation | 0 |
Ending balance | 1,129 |
MidAmerican Funding | |
Goodwill [Roll Forward] | |
Beginning balance | 2,102 |
Acquisitions | 0 |
Foreign currency translation | 0 |
Ending balance | 2,102 |
NV Energy | |
Goodwill [Roll Forward] | |
Beginning balance | 2,369 |
Acquisitions | 0 |
Foreign currency translation | 0 |
Ending balance | 2,369 |
Northern Powergrid | |
Goodwill [Roll Forward] | |
Beginning balance | 1,000 |
Acquisitions | 0 |
Foreign currency translation | 9 |
Ending balance | 1,009 |
BHE Pipeline Group | |
Goodwill [Roll Forward] | |
Beginning balance | 1,803 |
Acquisitions | 11 |
Foreign currency translation | 0 |
Ending balance | 1,814 |
BHE Transmission | |
Goodwill [Roll Forward] | |
Beginning balance | 1,551 |
Acquisitions | 0 |
Foreign currency translation | 42 |
Ending balance | 1,593 |
BHE Renewables | |
Goodwill [Roll Forward] | |
Beginning balance | 95 |
Acquisitions | 0 |
Foreign currency translation | 0 |
Ending balance | 95 |
HomeServices | |
Goodwill [Roll Forward] | |
Beginning balance | 1,457 |
Acquisitions | 2 |
Foreign currency translation | 0 |
Ending balance | $ 1,459 |
Segment Information - MEC (Deta
Segment Information - MEC (Details) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)operatingSegmentreportableSegment | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | operatingSegment | 8 | ||||
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 | |
Operating income | 1,208 | 936 | 2,541 | 1,855 | |
Interest expense | (532) | (503) | (1,062) | (986) | |
Allowance for equity funds | 30 | 38 | 56 | 72 | |
Other, net | 48 | 52 | 56 | 25 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 | |
Assets | 130,561 | $ 130,561 | $ 127,316 | ||
MEC | |||||
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | reportableSegment | 2 | ||||
Operating revenue | 693 | 613 | $ 1,760 | 1,294 | |
Operating income | 103 | 108 | 151 | 206 | |
Interest expense | (74) | (74) | (148) | (150) | |
Allowance for borrowed funds | 2 | 4 | 4 | 7 | |
Allowance for equity funds | 8 | 9 | 14 | 17 | |
Other, net | 15 | 21 | 26 | 16 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 54 | 68 | 47 | 96 | |
Assets | 22,057 | 22,057 | 21,437 | ||
MEC | Electric | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 586 | 518 | 1,131 | 989 | |
Operating income | 103 | 101 | 112 | 160 | |
Assets | 20,349 | 20,349 | 19,892 | ||
MEC | Natural Gas | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 106 | 95 | 618 | 304 | |
Operating income | 0 | 7 | 39 | 46 | |
Assets | 1,708 | 1,708 | 1,544 | ||
MEC | Other | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 1 | 0 | 11 | 1 | |
Operating income | 0 | $ 0 | 0 | $ 0 | |
Assets | $ 0 | $ 0 | $ 1 |
Segment Information - LLC (Deta
Segment Information - LLC (Details) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)operatingSegmentreportableSegment | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | operatingSegment | 8 | ||||
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 | |
Operating income | 1,208 | 936 | 2,541 | 1,855 | |
Interest expense | (532) | (503) | (1,062) | (986) | |
Allowance for equity funds | 30 | 38 | 56 | 72 | |
Other, net | 48 | 52 | 56 | 25 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 | |
Assets | 130,561 | $ 130,561 | $ 127,316 | ||
MidAmerican Funding, LLC | |||||
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | reportableSegment | 2 | ||||
Operating revenue | 693 | 616 | $ 1,760 | 1,302 | |
Operating income | 103 | 110 | 151 | 212 | |
Interest expense | (78) | (78) | (156) | (159) | |
Allowance for borrowed funds | 2 | 4 | 4 | 7 | |
Allowance for equity funds | 8 | 9 | 14 | 17 | |
Other, net | 16 | 21 | 26 | 15 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 51 | 66 | 39 | 92 | |
Assets | 23,331 | 23,331 | 22,711 | ||
MidAmerican Funding, LLC | Electric | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 586 | 518 | 1,131 | 989 | |
Operating income | 103 | 101 | 112 | 160 | |
Assets | 21,540 | 21,540 | 21,083 | ||
MidAmerican Funding, LLC | Natural Gas | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 106 | 95 | 618 | 304 | |
Operating income | 0 | 7 | 39 | 46 | |
Assets | 1,787 | 1,787 | 1,623 | ||
MidAmerican Funding, LLC | Other | |||||
Segment Reporting Information [Line Items] | |||||
Operating revenue | 1 | 3 | 11 | 9 | |
Operating income | 0 | $ 2 | 0 | $ 6 | |
Assets | $ 4 | $ 4 | $ 5 |
Segment Information - SPPC (Det
Segment Information - SPPC (Details) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)operatingSegmentreportableSegment | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | operatingSegment | 8 | ||||
Operating revenue | $ 6,064 | $ 4,612 | $ 12,145 | $ 9,139 | |
Operating income | 1,208 | 936 | 2,541 | 1,855 | |
Interest expense | (532) | (503) | (1,062) | (986) | |
Allowance for equity funds | 30 | 38 | 56 | 72 | |
Other, net | 48 | 52 | 56 | 25 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 2,760 | 1,145 | 2,514 | 1,652 | |
Assets | 130,561 | $ 130,561 | $ 127,316 | ||
SPPC | |||||
Segment Reporting Information [Line Items] | |||||
Number of reportable segments | reportableSegment | 2 | ||||
Operating revenue | 209 | 185 | $ 429 | 417 | |
Operating income | 25 | 23 | 64 | 63 | |
Interest expense | (13) | (14) | (27) | (28) | |
Capitalized interest | 1 | 1 | 1 | 1 | |
Allowance for equity funds | 2 | 1 | 3 | 2 | |
Other, net | 3 | 3 | 9 | 4 | |
Income (loss) before income tax expense (benefit) and equity income (loss) | 18 | 14 | 50 | 42 | |
Assets | 4,042 | 4,042 | 3,919 | ||
SPPC | Electric | |||||
Segment Reporting Information [Line Items] | |||||
Regulated electric | 189 | 165 | 370 | 349 | |
Operating income | 21 | 20 | 52 | 53 | |
Assets | 3,665 | 3,665 | 3,540 | ||
SPPC | Natural Gas | |||||
Segment Reporting Information [Line Items] | |||||
Regulated natural gas | 20 | 20 | 59 | 68 | |
Operating income | 4 | $ 3 | 12 | $ 10 | |
Assets | 350 | 350 | 342 | ||
SPPC | Other | |||||
Segment Reporting Information [Line Items] | |||||
Assets | $ 27 | $ 27 | $ 37 |
Variable Interest Entities - EE
Variable Interest Entities - EEGH (Details) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
Nov. 30, 2020 | Jul. 31, 2020 | Dec. 31, 2019 | Nov. 30, 2019 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
EEGH | Cove Point LNG, LP | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Ownership interest | 75.00% | 25.00% | |||||||
Percentage interest distributed | 25.00% | ||||||||
EEGH | General Partner | Primary Beneficiary | Cove Point LNG, LP | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Variable interest entity, ownership percentage | 100.00% | ||||||||
EEGH | Limited Partner | Primary Beneficiary | Cove Point LNG, LP | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Variable interest entity, ownership percentage | 25.00% | ||||||||
EEGH | Not Discontinued Operations | GT&S Transaction | Cove Point LNG, LP | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Percentage interest distributed | 50.00% | ||||||||
EEGH | Cove Point LNG, LP | Dominion Energy, Inc. | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Ownership interest | 75.00% | ||||||||
EEGH | Cove Point LNG, LP | Not Discontinued Operations | GT&S Transaction | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Percentage interest distributed | 50.00% | ||||||||
EEGH | Carolina Gas Services, Inc. | Not Primary Beneficiary | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Due to related parties | $ 28 | $ 28 | $ 22 | ||||||
EEGH | Carolina Gas Services, Inc. | Shared Services | Not Primary Beneficiary | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Amounts of transaction | $ 3 | $ 3 | $ 6 | $ 7 | |||||
EEGH | Dominion Energy Questar Pipeline Services, Inc. | Shared Services | Not Primary Beneficiary | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Amounts of transaction | 7 | 14 | |||||||
EEGH | Dominion Energy Services, Inc. | Shared Services | Not Primary Beneficiary | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Amounts of transaction | $ 27 | $ 58 | |||||||
Dominion Energy, Inc. | Cove Point LNG, LP | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Sold noncontrolling partner interest | 25.00% |
Related Party Transactions - EE
Related Party Transactions - EEGH - Significant Transactions (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Related Party Transaction [Line Items] | ||||
Capitalized expenditures | $ 2,848 | $ 2,793 | ||
EEGH | ||||
Related Party Transaction [Line Items] | ||||
Capitalized expenditures | 150 | 147 | ||
EEGH | Affiliated Entity | ||||
Related Party Transaction [Line Items] | ||||
Sales of natural gas and transportation and storage services | $ 7 | $ 60 | 14 | 128 |
Purchases of natural gas and transportation and storage services / Services provided to related parties | 7 | 3 | 16 | 6 |
Services provided by related parties | $ 8 | 37 | $ 15 | 80 |
Capitalized expenditures | 4 | 7 | ||
EEGH | Affiliated Entity | Atlantic Coast Pipeline | ||||
Related Party Transaction [Line Items] | ||||
Sales of natural gas and transportation and storage services | $ 29 | $ 61 |
Related Party Transactions - _2
Related Party Transactions - EEGH - Narrative (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | May 31, 2021 | Feb. 28, 2021 | Dec. 31, 2020 | |
EEGH | |||||||
Related Party Transaction [Line Items] | |||||||
Payments for distributions to affiliates | $ 225,000,000 | $ 1,725,000,000 | |||||
Face amount | $ 650,000,000 | 650,000,000 | $ 2,250,000,000 | ||||
Affiliated Entity | EEGH | |||||||
Related Party Transaction [Line Items] | |||||||
Expenses from transactions with related parties | 8,000,000 | $ 37,000,000 | 15,000,000 | 80,000,000 | |||
Affiliated Entity | EEGH | Other Assets Due from Affiliates | |||||||
Related Party Transaction [Line Items] | |||||||
Due from affiliates | 5,000,000 | 5,000,000 | $ 7,000,000 | ||||
Dominion Energy, Inc. | Affiliated Entity | EEGH | |||||||
Related Party Transaction [Line Items] | |||||||
Payments for distributions to affiliates | 1,700,000,000 | ||||||
Dominion Energy, Inc. | Affiliated Entity | EEGH | Notes Receivable | |||||||
Related Party Transaction [Line Items] | |||||||
Interest income related to affiliated notes receivable | 12,000,000 | 23,000,000 | |||||
East Ohio | Affiliated Entity | EEGH | Notes Receivable | |||||||
Related Party Transaction [Line Items] | |||||||
Interest income related to affiliated notes receivable | $ 15,000,000 | $ 33,000,000 | |||||
Berkshire Hathaway Energy | Affiliated Entity | EEGH | Tax Receivable | |||||||
Related Party Transaction [Line Items] | |||||||
Due from affiliates | 76,000,000 | 76,000,000 | 20,000,000 | ||||
BHE GT&S, LLC | Affiliated Entity | EEGH | Intercompany Revolving Credit Agreement With BHE GT&S | |||||||
Related Party Transaction [Line Items] | |||||||
Maximum borrowing capacity | 400,000,000 | 400,000,000 | |||||
BHE GT&S, LLC | Affiliated Entity | EEGH | Intercompany Revolving Credit Agreement With BHE GT&S | Line of Credit | |||||||
Related Party Transaction [Line Items] | |||||||
Long-term line of credit | 0 | 0 | 9,000,000 | ||||
EEGH | Affiliated Entity | BHE GT&S, LLC | BHE GT&S and Eastern Energy Intercompany Revolving Credit Agreement | |||||||
Related Party Transaction [Line Items] | |||||||
Long-term line of credit | 16,000,000 | 16,000,000 | 124,000,000 | ||||
Face amount | 400,000,000 | 400,000,000 | $ 200,000,000 | ||||
MidAmerican Energy Company | Affiliated Entity | EEGH | Shared Benefit Plan | |||||||
Related Party Transaction [Line Items] | |||||||
Due to related parties, noncurrent | $ 110,000,000 | $ 110,000,000 | $ 115,000,000 |