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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - HOUSTON ELECTRIC - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 37 $ 24
Accounts receivable, less allowance for credit losses 787 717
Accrued unbilled revenue, less allowance for credit losses 448 521
Materials and supplies 549 541
Taxes receivable 59 121
Prepaid expenses and other current assets 101 123
Total current assets 2,949 4,381
Property, Plant and Equipment, Net:    
Property, plant and equipment 45,578 42,667
Less: accumulated depreciation and amortization 11,031 10,578
Property, plant and equipment, net 34,547 32,089
Other Assets:    
Regulatory assets 3,371 3,108
Other non-current assets 239 247
Total other assets 7,553 7,298
Total Assets 45,049 43,768
Current Liabilities:    
Short-term borrowings 500 500
Current portion of VIE Securitization Bonds long-term debt 29 13
Current portion of other long-term debt 2,373 51
Accounts payable 968 1,320
Taxes accrued 275 329
Interest accrued 247 274
Other current liabilities 476 525
Total current liabilities 5,743 4,045
Other Liabilities:    
Deferred income taxes, net 4,546 4,389
Benefit obligations 460 550
Regulatory liabilities 3,085 2,999
Other non-current liabilities 780 722
Total other liabilities 8,871 8,660
Long-term Debt, Net:    
VIE Securitization Bonds, net 681 308
Other long-term debt, net 18,719 20,089
Total long-term debt, net 19,400 20,397
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 6 6
Additional paid-in capital 9,119 9,105
Retained earnings 1,929 1,572
Accumulated other comprehensive income (19) (17)
Total shareholders’ equity 11,035 10,666
Total Liabilities and Shareholders’ Equity 45,049 43,768
Houston Electric    
Current Assets:    
Cash and cash equivalents 17 14
Accrued unbilled revenue, less allowance for credit losses 270 137
Materials and supplies 384 392
Taxes receivable 8 0
Prepaid expenses and other current assets 15 44
Total current assets 1,655 1,265
Property, Plant and Equipment, Net:    
Property, plant and equipment 23,088 21,750
Less: accumulated depreciation and amortization 4,917 4,628
Property, plant and equipment, net 18,171 17,122
Other Assets:    
Regulatory assets 1,614 1,284
Other non-current assets 53 41
Total other assets 1,667 1,325
Total Assets 21,493 19,712
Current Liabilities:    
Short-term borrowings 500 500
Current portion of VIE Securitization Bonds long-term debt 16 0
Current portion of other long-term debt 534 0
Taxes accrued 181 189
Interest accrued 127 108
Other current liabilities 165 144
Total current liabilities 2,088 1,741
Other Liabilities:    
Deferred income taxes, net 1,594 1,502
Benefit obligations 30 32
Regulatory liabilities 901 861
Other non-current liabilities 92 95
Total other liabilities 2,617 2,490
Long-term Debt, Net:    
VIE Securitization Bonds, net 380 0
Other long-term debt, net 8,881 8,322
Total long-term debt, net 9,261 8,322
Commitments and Contingencies (Note 11)
Member’s Equity:    
Common stock 0 0
Additional paid-in capital 5,683 5,589
Retained earnings 1,845 1,571
Accumulated other comprehensive income (1) (1)
Total shareholders’ equity 7,527 7,159
Total Liabilities and Shareholders’ Equity 21,493 19,712
Houston Electric | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 449 307
Current Liabilities:    
Accounts payable 485 681
Houston Electric | Affiliated Entity    
Current Assets:    
Accounts receivable–affiliated companies 512 371
Current Liabilities:    
Accounts payable–affiliated companies $ 80 $ 119