CENTERPOINT ENERGY HOUSTON ELECTRIC LLC

For the period ended Jun 30, 2025. Filed Jul 24, 2025.

About 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.

Jun 30, 2025 · Filed Jul 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 June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
(in millions)
Revenues	$1,008	$1,044	$1,892	$1,945
Expenses:
Operation and maintenance	482	456	930	893
Depreciation and amortization	196	210	375	409
Taxes other than income taxes	78	75	153	150
Total	756	741	1,458	1,452
Operating Income	252	303	434	493
Other Income (Expense):
Interest expense and other finance charges	(90)	(79)	(176)	(155)
Interest expense on Securitization Bonds	—	(1)	—	(2)
Other income, net	15	10	23	21
Total	(75)	(70)	(153)	(136)
Income Before Income Taxes	177	233	281	357
Income tax expense	36	46	56	71
Net Income	$141	$187	$225	$286

	June 30, 2025	December 31, 2024
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($15 and $14 related to VIEs, respectively)	$15	$14
Accounts and notes receivable, less allowance for credit losses of $2 and $2, respectively	425	307
Accounts and notes receivable–affiliated companies	2	371
Accrued unbilled revenues	165	137
Materials and supplies	392	392
Taxes receivable	7	—
Prepaid expenses and other current assets	16	44
Total current assets	1,022	1,265
Property, Plant and Equipment, Net:
Property, plant and equipment	22,743	21,750
Less: accumulated depreciation and amortization	4,804	4,628
Property, plant and equipment, net	17,939	17,122
Other Assets:
Regulatory assets	1,396	1,284
Other non-current assets	45	41
Total other assets	1,441	1,325
Total Assets	$20,402	$19,712

LIABILITIES AND MEMBER’S EQUITY
Current Liabilities:
Short-term borrowings	$500	$500
Accounts payable	453	681
Accounts and notes payable–affiliated companies	520	119
Taxes accrued	143	189
Interest accrued	129	108
Other current liabilities	150	144
Total current liabilities	1,895	1,741
Other Liabilities:
Deferred income taxes, net	1,534	1,502
Benefit obligations	31	32
Regulatory liabilities	836	861
Other non-current liabilities	84	95
Total other liabilities	2,485	2,490
Long-Term Debt, Net	8,820	8,322
Commitments and Contingencies (Note 11)
Member’s Equity:
Common stock	—	—
Additional paid-in capital	5,589	5,589
Retained earnings	1,614	1,571
Accumulated other comprehensive loss	(1)	(1)
Total member’s equity	7,202	7,159
Total Liabilities and Member’s Equity	$20,402	$19,712

	Six Months Ended June 30,
	2025	2024
(in millions)
Cash Flows from Operating Activities:
Net income	$225	$286
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	375	409
Deferred income taxes	20	18
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	(93)	(108)
Accounts receivable/payable–affiliated companies	(51)	11
Inventory	—	(6)
Accounts payable	(135)	39
Taxes receivable	(7)	38
Current regulatory assets and liabilities	(2)	—
Other current assets and liabilities	11	(20)
Non-current regulatory assets and liabilities	(208)	(302)
Other non-current assets and liabilities	(8)	(7)
Other operating activities, net	(10)	(8)
Net cash provided by operating activities	117	350
Cash Flows from Investing Activities:
Capital expenditures	(1,308)	(854)
Decrease (increase) in notes receivable–affiliated companies	368	(49)
Other investing activities, net	59	51
Net cash used in investing activities	(881)	(852)
Cash Flows from Financing Activities:
Proceeds from long-term debt and term loan, net	500	498
Payments of long-term debt	—	(80)
Increase in notes payable–affiliated companies	453	—
Payment of debt issuance costs	(5)	(4)
Dividend to parent	(182)	(155)
Contribution from parent	—	230
Other financing activities, net	(1)	(2)
Net cash provided by financing activities	765	487
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	1	(15)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	14	89
Cash, Cash Equivalents and Restricted Cash at End of Period	$15	$74
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	$176	$142
Cash paid for income taxes, net	29	25
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$224	$432

Three Months Ended June 30, · Six Months Ended June 30,
2025 · 2024 · 2025 · 2024
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
(in millions, except share amounts)
Common Stock
Balance, beginning of period	1,000		$—	1,000		$—	1,000	$—		1,000	$—
Balance, end of period	1,000		—	1,000		—	1,000	—		1,000	—
Additional Paid-in-Capital
Balance, beginning of period		5,589			4,975		5,589		4,745
Contribution from parent		—			—		—		230
Balance, end of period		5,589			4,975		5,589		4,975
Retained Earnings
Balance, beginning of period		1,565			1,427		1,571		1,364
Net income		141			187		225		286
Dividend to parent		(92)			(119)		(182)		(155)
Balance, end of period		1,614			1,495		1,614		1,495
Accumulated Other Comprehensive Loss
Balance, beginning of period		(1)			—		(1)		—
Balance, end of period		(1)			—		(1)		—
Total Member’s Equity		$7,202			$6,470		$7,202		$6,470

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.