CENTERPOINT ENERGY INC
For the period ended Sep 30, 2024. Filed Oct 28, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 28, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(5) Employee Benefit Plans
The Registrants’ net periodic cost, before considering amounts subject to overhead allocations for capital expenditure projects or for amounts subject to deferral for regulatory purposes, includes the following components relating to pension and postretirement benefits:
Pension Benefits (CenterPoint Energy)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in millions) | ||||
| Service cost (1) | $6 | $6 | $18 | $19 |
| Interest cost (2) | 18 | 19 | 55 | 57 |
| Expected return on plan assets (2) | (19) | (19) | (56) | (57) |
| Amortization of net loss (2) | 7 | 7 | 21 | 21 |
| Net periodic cost | $12 | $13 | $38 | $40 |
(1)Included in Operation and maintenance expense in CenterPoint Energy’s Condensed Statements of Consolidated Income, net of amounts capitalized and regulatory deferrals.
(2)Included in Other income, net in CenterPoint Energy’s Condensed Statements of Consolidated Income, net of regulatory deferrals.
Postretirement Benefits
| Three Months Ended September 30, | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| CenterPoint Energy | Houston Electric | CERC | CenterPoint Energy | Houston Electric | CERC | |
| (in millions) | ||||||
| Interest cost (2) | $3 | $1 | $1 | $3 | $1 | $1 |
| Expected return on plan assets (2) | (1) | (1) | (1) | (1) | (1) | — |
| Amortization of prior service cost (credit) (2) | (1) | (1) | 1 | (1) | (1) | 1 |
| Amortization of net loss (2) | (2) | (1) | (1) | (2) | (1) | (1) |
| Net periodic cost (benefit) | $(1) | $(2) | $— | $(1) | $(2) | $1 |
| Nine Months Ended September 30, | ||||||
| 2024 | 2023 | |||||
| CenterPoint Energy | Houston Electric | CERC | CenterPoint Energy | Houston Electric | CERC | |
| (in millions) | ||||||
| Service cost (1) | $1 | $— | $— | $1 | $— | $— |
| Interest cost (2) | 9 | 4 | 3 | 9 | 4 | 3 |
| Expected return on plan assets (2) | (4) | (3) | (1) | (4) | (3) | — |
| Amortization of prior service cost (credit) (2) | (2) | (4) | 2 | (2) | (4) | 2 |
| Amortization of net loss (2) | (6) | (3) | (2) | (6) | (3) | (2) |
| Net periodic cost (benefit) | $(2) | $(6) | $2 | $(2) | $(6) | $3 |
(1)Included in Operation and maintenance expense in each of the Registrants’ respective Condensed Statements of Consolidated Income, net of amounts capitalized and regulatory deferrals.
(2)Included in Other income, net in each of the Registrants’ respective Condensed Statements of Consolidated Income, net of regulatory deferrals.
The table below reflects the expected contributions to be made to the pension and postretirement benefit plans during 2024:
| CenterPoint Energy | Houston Electric | CERC | |
|---|---|---|---|
| (in millions) | |||
| Expected contributions to pension plans | $11 | $— | $— |
| Expected contributions to postretirement benefit plans | 8 | 1 | 4 |
The table below reflects the contributions made to the pension and postretirement benefit plans during the periods presented:
| Three Months Ended September 30, 2024 | Nine Months Ended September 30, 2024 | |||||
|---|---|---|---|---|---|---|
| CenterPoint Energy | Houston Electric | CERC | CenterPoint Energy | Houston Electric | CERC | |
| (in millions) | ||||||
| Pension plans | $2 | $— | $— | $5 | $— | $— |
| Postretirement benefit plans | 2 | — | 1 | 6 | — | 4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.