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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - HOUSTON ELECTRIC - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 93 $ 24
Accounts receivable, less allowance for credit losses 798 717
Accrued unbilled revenues 342 521
Materials and supplies 554 541
Taxes receivable 51 121
Prepaid expenses and other current assets 102 123
Total current assets 2,930 4,381
Property, Plant and Equipment, Net:    
Property, plant and equipment 44,691 42,667
Less: accumulated depreciation and amortization 10,790 10,578
Property, plant and equipment, net 33,901 32,089
Other Assets:    
Regulatory assets 3,088 3,108
Other non-current assets 237 247
Total other assets 7,268 7,298
Total Assets 44,099 43,768
Current Liabilities:    
Short-term borrowings 500 500
Accounts payable 903 1,320
Taxes accrued 217 329
Interest accrued 277 274
Other current liabilities 409 525
Total current liabilities 3,695 4,045
Other Liabilities:    
Deferred income taxes, net 4,518 4,389
Benefit obligations 477 550
Regulatory liabilities 2,983 2,999
Other non-current liabilities 843 722
Total other liabilities 8,821 8,660
Total long-term debt, net 20,564 20,397
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 9,107 9,105
Retained earnings 1,923 1,572
Accumulated other comprehensive income (17) (17)
Total shareholders’ equity 11,019 10,666
Total Liabilities and Shareholders’ Equity 44,099 43,768
Houston Electric    
Current Assets:    
Cash and cash equivalents 15 14
Accrued unbilled revenues 165 137
Materials and supplies 392 392
Taxes receivable 7 0
Prepaid expenses and other current assets 16 44
Total current assets 1,022 1,265
Property, Plant and Equipment, Net:    
Property, plant and equipment 22,743 21,750
Less: accumulated depreciation and amortization 4,804 4,628
Property, plant and equipment, net 17,939 17,122
Other Assets:    
Regulatory assets 1,396 1,284
Other non-current assets 45 41
Total other assets 1,441 1,325
Total Assets 20,402 19,712
Current Liabilities:    
Short-term borrowings 500 500
Taxes accrued 143 189
Interest accrued 129 108
Other current liabilities 150 144
Total current liabilities 1,895 1,741
Other Liabilities:    
Deferred income taxes, net 1,534 1,502
Benefit obligations 31 32
Regulatory liabilities 836 861
Other non-current liabilities 84 95
Total other liabilities 2,485 2,490
Total long-term debt, net 8,820 8,322
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 5,589 5,589
Retained earnings 1,614 1,571
Accumulated other comprehensive income (1) (1)
Total shareholders’ equity 7,202 7,159
Total Liabilities and Shareholders’ Equity 20,402 19,712
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 425 307
Current Liabilities:    
Accounts payable 453 681
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 2 371
Current Liabilities:    
Accounts and notes payable–affiliated companies $ 520 $ 119