CENTERPOINT ENERGY INC

For the period ended Mar 31, 2025. Filed Apr 24, 2025.

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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.

Mar 31, 2025 · Filed Apr 24, 2025

CNP$41.24+1.1%Stored close · as of Nov 10, 2026

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Contents

CenterPoint Energy Houston Electric, LLC and Subsidiaries Financial Statements

	Three Months Ended March 31,
	2025	2024
(in millions)
Revenues	$884	$901
Expenses:
Operation and maintenance	448	437
Depreciation and amortization	179	199
Taxes other than income taxes	75	75
Total	702	711
Operating Income	182	190
Other Income (Expense):
Interest expense and other finance charges	(86)	(76)
Interest expense on Securitization Bonds	—	(1)
Other income, net	8	11
Total	(78)	(66)
Income Before Income Taxes	104	124
Income tax expense	20	25
Net Income	$84	$99

	March 31, 2025	December 31, 2024
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($14 and $14 related to VIEs, respectively)	$17	$14
Accounts and notes receivable, less allowance for credit losses of $2 and $2, respectively	290	307
Accounts and notes receivable–affiliated companies	161	371
Accrued unbilled revenues	126	137
Materials and supplies	366	392
Prepaid expenses and other current assets	23	44
Total current assets	983	1,265
Property, Plant and Equipment, Net:
Property, plant and equipment	22,256	21,750
Less: accumulated depreciation and amortization	4,724	4,628
Property, plant and equipment, net	17,532	17,122
Other Assets:
Regulatory assets	1,346	1,284
Other non-current assets	37	41
Total other assets	1,383	1,325
Total Assets	$19,898	$19,712

LIABILITIES AND MEMBER’S EQUITY
Current Liabilities:
Short-term borrowings	$500	$500
Accounts payable	518	681
Accounts and notes payable–affiliated companies	93	119
Taxes accrued	96	189
Interest accrued	115	108
Other current liabilities	121	144
Total current liabilities	1,443	1,741
Other Liabilities:
Deferred income taxes, net	1,519	1,502
Benefit obligations	31	32
Regulatory liabilities	846	861
Other non-current liabilities	87	95
Total other liabilities	2,483	2,490
Long-Term Debt, Net	8,819	8,322
Commitments and Contingencies (Note 11)
Member’s Equity:
Common stock	—	—
Additional paid-in capital	5,589	5,589
Retained earnings	1,565	1,571
Accumulated other comprehensive loss	(1)	(1)
Total member’s equity	7,153	7,159
Total Liabilities and Member’s Equity	$19,898	$19,712

	Three Months Ended March 31,
	2025	2024
(in millions)
Cash Flows from Operating Activities:
Net income	$84	$99
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	179	199
Deferred income taxes	11	(11)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	28	51
Accounts receivable/payable–affiliated companies	(25)	(15)
Inventory	26	(1)
Accounts payable	(132)	25
Taxes receivable	—	33
Current regulatory assets and liabilities	(2)	—
Non-current regulatory assets and liabilities	(72)	(79)
Other current assets and liabilities	(86)	(79)
Other non-current assets and liabilities	(1)	23
Other operating activities, net	(2)	(4)
Net cash provided by operating activities	8	241
Cash Flows from Investing Activities:
Capital expenditures	(603)	(461)
Decrease (increase) in notes receivable–affiliated companies	209	(335)
Other investing activities, net	(15)	1
Net cash used in investing activities	(409)	(795)
Cash Flows from Financing Activities:
Proceeds from long-term debt and term loan, net	500	398
Dividend to parent	(90)	(36)
Contribution from parent	—	230
Payment of debt issuance costs	(5)	(3)
Other financing activities, net	(1)	(2)
Net cash provided by financing activities	404	587
Net Increase in Cash, Cash Equivalents and Restricted Cash	3	33
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	14	89
Cash, Cash Equivalents and Restricted Cash at End of Period	$17	$122
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	$90	$59
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$286	$149

	Three Months Ended March 31,
2025 · 2024
Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period	1,000		$—	1,000		$—
Balance, end of period	1,000		—	1,000		—
Additional Paid-in-Capital
Balance, beginning of period		5,589			4,745
Contribution from parent		—			230
Balance, end of period		5,589			4,975
Retained Earnings
Balance, beginning of period		1,571			1,364
Net income		84			99
Dividend to parent		(90)			(36)
Balance, end of period		1,565			1,427
Accumulated Other Comprehensive Loss
Balance, beginning of period		(1)			—
Balance, end of period		(1)			—
Total Member’s Equity		$7,153			$6,402

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