v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - CERC - 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
Natural gas inventory 140 173
Taxes receivable 51 121
Current assets held for sale 0 1,361
Regulatory assets 167 239
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:    
Goodwill 3,943 3,943
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:    
Current portion of other long-term debt 540 51
Accounts payable 903 1,320
Taxes accrued 217 329
Interest accrued 277 274
Customer deposits 95 93
Current liabilities held for sale 0 176
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)
Shareholders’ 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
CERC    
Current Assets:    
Cash and cash equivalents 0 2
Accrued unbilled revenues 121 338
Materials and supplies 117 105
Natural gas inventory 106 137
Taxes receivable 0 46
Current assets held for sale 0 1,266
Regulatory assets 148 238
Prepaid expenses and other current assets 29 50
Total current assets 819 2,537
Property, Plant and Equipment, Net:    
Property, plant and equipment 16,078 15,552
Less: accumulated depreciation and amortization 4,190 4,146
Property, plant and equipment, net 11,888 11,406
Other Assets:    
Goodwill 1,461 1,461
Regulatory assets 781 903
Other non-current assets 63 118
Total other assets 2,305 2,482
Total Assets 15,012 16,425
Current Liabilities:    
Current portion of other long-term debt 0 10
Taxes accrued 135 150
Interest accrued 72 82
Customer deposits 84 81
Current liabilities held for sale 0 176
Other current liabilities 166 255
Total current liabilities 845 1,260
Other Liabilities:    
Deferred income taxes, net 1,447 1,370
Benefit obligations 60 63
Regulatory liabilities 1,895 1,887
Other non-current liabilities 409 403
Total other liabilities 3,811 3,723
Total long-term debt, net 4,347 5,174
Commitments and Contingencies (Note 11)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 4,519 4,519
Retained earnings 1,473 1,732
Accumulated other comprehensive income 17 17
Total shareholders’ equity 6,009 6,268
Total Liabilities and Shareholders’ Equity 15,012 16,425
CERC | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 293 349
Current Liabilities:    
Accounts payable 313 405
CERC | Affiliated Entity    
Current Assets:    
Accounts and notes receivable–affiliated companies 5 6
Current Liabilities:    
Accounts payable–affiliated companies $ 75 $ 101