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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - CERC - 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
Natural gas inventory 233 173
Taxes receivable 59 121
Current assets held for sale 0 1,361
Regulatory assets 156 239
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:    
Goodwill 3,943 3,943
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:    
Current portion of other long-term debt 2,373 51
Accounts payable 968 1,320
Taxes accrued 275 329
Interest accrued 247 274
Customer deposits 95 93
Current liabilities held for sale 0 176
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
Total long-term debt, net 19,400 20,397
Commitments and Contingencies (Note 11)
Shareholders’ 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
CERC    
Current Assets:    
Cash and cash equivalents 0 2
Accrued unbilled revenue, less allowance for credit losses 119 338
Materials and supplies 120 105
Natural gas inventory 190 137
Taxes receivable 0 46
Current assets held for sale 0 1,266
Regulatory assets 150 238
Prepaid expenses and other current assets 35 50
Total current assets 871 2,537
Property, Plant and Equipment, Net:    
Property, plant and equipment 16,499 15,552
Less: accumulated depreciation and amortization 4,285 4,146
Property, plant and equipment, net 12,214 11,406
Other Assets:    
Goodwill 1,461 1,461
Regulatory assets 852 903
Other non-current assets 61 118
Total other assets 2,374 2,482
Total Assets 15,459 16,425
Current Liabilities:    
Current portion of other long-term debt 280 10
Taxes accrued 137 150
Interest accrued 48 82
Customer deposits 84 81
Current liabilities held for sale 0 176
Other current liabilities 203 255
Total current liabilities 1,167 1,260
Other Liabilities:    
Deferred income taxes, net 1,409 1,370
Benefit obligations 60 63
Regulatory liabilities 1,943 1,887
Other non-current liabilities 415 403
Total other liabilities 3,827 3,723
Total long-term debt, net 4,427 5,174
Commitments and Contingencies (Note 11)
Shareholders’ Equity:    
Common stock 0 0
Additional paid-in capital 4,519 4,519
Retained earnings 1,504 1,732
Accumulated other comprehensive income 15 17
Total shareholders’ equity 6,038 6,268
Total Liabilities and Shareholders’ Equity 15,459 16,425
CERC | Nonrelated Party    
Current Assets:    
Accounts receivable, less allowance for credit losses 255 349
Current Liabilities:    
Accounts payable 315 405
CERC | Affiliated Entity    
Current Assets:    
Accounts receivable–affiliated companies 2 6
Current Liabilities:    
Accounts payable–affiliated companies $ 100 $ 101