View Filing Data

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2014	Feb. 17, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	CENTERPOINT ENERGY INC
Entity Central Index Key	0001130310
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		429,802,703
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 10,907,234,073

STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions	12 Months Ended
STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statements of Consolidated Income
Revenues	$ 9,226	$ 8,106	$ 7,452
Expenses:
Natural gas	4,921	3,908	2,873
Operation and maintenance	1,969	1,847	1,874
Depreciation and amortization	1,013	954	1,050
Taxes other than income taxes	388	387	365
Goodwill impairment	0	0	252
Total	8,291	7,096	6,414
Operating Income	935	1,010	1,038
Other Income (Expense):
Gain on marketable securities	163	236	154
Loss on indexed debt securities	(86)	(193)	(71)
Interest and other finance charges	(353)	(351)	(422)
Interest on transition and system restoration bonds	(118)	(133)	(147)
Equity in earnings of unconsolidated affiliates	308	188	31
Step acquisition gain	0	0	136
Other, net	36	24	38
Total	(50)	(229)	(281)
Income Before Income Taxes	885	781	757
Income tax expense	274	470	340
Net Income	$ 611	$ 311	$ 417
Basic Earnings Per Share:
Basic Earnings Per Share	$ 1.42	$ 0.73	$ 0.98
Diluted Earnings Per Share:
Diluted Earnings Per Share	$ 1.42	$ 0.72	$ 0.97
Weighted Average Shares Outstanding, Basic	429,634,000	428,466,000	427,189,000
Weighted Average Shares Outstanding, Diluted	431,668,000	430,930,000	429,794,000

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Statements of Consolidated Comprehensive Income

Net income

$ 176

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

$ 611

$ 311

$ 417

Other comprehensive income (loss):

Adjustment to pension and other postretirement plans (net of tax of $5, $25 and $2, respectively)

(2)

Reclassification of deferred loss from cash flow hedges realized in net income (net of tax)

Other comprehensive income (loss)

(2)

Comprehensive income

$ 615

$ 356

$ 415

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (Parenthetical) STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Adjustment to pension and other postretirement plans (net of tax of $5, $25 and $2, respectively	$ 5	$ 25	$ 2

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2014

Dec. 31, 2013

Current Assets:

Cash and cash equivalents ($290 and $207 related to VIEs, respectively)

$ 298

$ 208

Investment in marketable securities

930

767

Accounts receivable ($58 and $60 related to VIEs, respectively), less bad debt reserve of $26 and $28, respectively

837

851

Accrued unbilled revenues

357

398

Inventory

379

285

Non-trading derivative assets

Taxes receivable

190

Prepaid expense and other current assets ($47 and $41 related to VIEs, respectively)

178

125

Total current assets

3,268

2,658

Property, Plant and Equipment, net

10,502

9,593

Other Assets:

Goodwill

840

Regulatory assets ($2,738 and $3,179 related to VIEs, respectively)

3,527

3,726

Notes receivable - affiliated companies

363

Non-trading derivative assets

Investment in unconsolidated affiliates

4,521

4,518

Other

147

162

Total other assets

9,430

9,619

Total Assets

23,200

21,870

Current Liabilities:

Short-term borrowings

^[1]

Current portion of VIE transition and system restoration bonds long-term debt

372

354

Indexed debt

152

143

Current portion of other long-term debt

271

Indexed debt securities derivative

541

455

Accounts payable

716

689

Taxes accrued

161

184

Interest accrued

124

Non-trading derivative liabilities

Accumulated deferred income taxes, net

683

608

Other

383

402

Total current liabilities

3,475

3,019

Other Liabilities:

Accumulated deferred income taxes, net

4,757

4,542

Non-trading derivative liabilities

Benefit obligations

953

802

Regulatory liabilities

1,206

1,152

Other

251

205

Total other liabilities

7,168

6,705

Long-term Debt:

VIE transition and system restoration bonds

2,674

3,046

Other long-term debt

5,335

4,771

Total long-term debt

8,009

7,817

Commitments and Contingencies (Note 14)

Shareholders’ Equity

4,548

4,329

Total Liabilities and Shareholders’ Equity

$ 23,200

$ 21,870

[1]	Includes amounts due or exchangeable within one year of the date noted.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents ($290 and $207 related to VIEs, respectively)	$ 298	$ 208
Allowance for Doubtful Accounts Receivable, Current	26	28
Accounts receivable ($58 and $60 related to VIEs, respectively), less bad debt reserve of $26 and $28, respectively	837	851
Prepaid expense and other current assets ($47 and $41 related to VIEs, respectively)	178	125
Other Assets:
Regulatory assets ($2,738 and $3,179 related to VIEs, respectively)	3,527	3,726
Variable Interest Entity, Primary Beneficiary [Member]
Current Assets:
Cash and cash equivalents ($290 and $207 related to VIEs, respectively)	290	207
Accounts receivable ($58 and $60 related to VIEs, respectively), less bad debt reserve of $26 and $28, respectively	58	60
Prepaid expense and other current assets ($47 and $41 related to VIEs, respectively)	47	41
Other Assets:
Regulatory assets ($2,738 and $3,179 related to VIEs, respectively)	$ 2,738	$ 3,179

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash Flows from Operating Activities:
Net income	$ 611	$ 311	$ 417
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,013	954	1,050
Amortization of deferred financing costs	28	30	32
Deferred income taxes	280	356	328
Goodwill impairment	0	0	252
Step acquisition gain	0	0	(136)
Unrealized gain on marketable securities	(163)	(236)	(154)
Unrealized loss on indexed debt securities	86	193	71
Write-down of natural gas inventory	8	4	4
Equity in earnings of unconsolidated affiliates, net of distributions	(2)	(58)	8
Pension contributions	(97)	(91)	(82)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	39	(256)	10
Inventory	(102)	(22)	27
Taxes receivable	(190)	7	(7)
Accounts payable	(3)	152	(6)
Fuel cost recovery	(41)	108	(52)
Non-trading derivatives, net	(34)	4	20
Margin deposits, net	(79)	16	53
Interest and taxes accrued	(23)	41	(62)
Net regulatory assets and liabilities	22	61	66
Other current assets	1	(2)	(12)
Other current liabilities	(20)	21	18
Other assets	9	(24)	(18)
Other liabilities	41	20	16
Other, net	13	24	17
Net cash provided by operating activities	1,397	1,613	1,860
Cash Flows from Investing Activities:
Capital expenditures, net of acquisitions	(1,372)	(1,286)	(1,212)
Acquisitions, net of cash acquired	0	0	(360)
Decrease (increase) in restricted cash of transition and system restoration bond companies	(7)	17	(13)
Investment in unconsolidated affiliates	(1)	0	(5)
Cash contribution to Enable	0	(38)	0
Proceeds from sale of marketable securities	0	9	0
Other, net	(4)	(2)	(13)
Net cash used in investing activities	(1,384)	(1,300)	(1,603)
Cash Flows from Financing Activities:
Increase (decrease) in short-term borrowings, net	10	5	(24)
Proceeds from (payments of) commercial paper, net	414	118	(285)
Proceeds from long-term debt	600	1,050	2,495
Payments of long-term debt	(537)	(1,573)	(1,590)
Cash paid for debt exchange and debt retirement	(1)	(7)	(69)
Debt issuance costs	(8)	(3)	(16)
Redemption of indexed debt securities	0	(8)	0
Payment of common stock dividends	(408)	(355)	(346)
Proceeds from issuance of common stock, net	1	4	4
Other, net	6	18	0
Net cash provided by (used in) financing activities	77	(751)	169
Net Increase (Decrease) in Cash and Cash Equivalents	90	(438)	426
Cash and Cash Equivalents at Beginning of Year	208	646	220
Cash and Cash Equivalents at End of Year	298	208	646
Cash Payments:
Interest, net of capitalized interest	434	475	556
Income taxes, net	192	35	46
Non-cash transactions:
Accounts payable related to capital expenditures	104	74	110
Formation of Enable	0		0
Exercise of SESH put to Enable		0	$ 0
Exercise of SESH put to Enable [Member]
Non-cash transactions:
Exercise of SESH put to Enable	$ 196
Formation of Enable [Member]
Non-cash transactions:
Formation of Enable		$ 4,252

STATEMENTS OF CONSOLIDATED SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Preference Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Adjustment to pension and postretirement plans [Member]	Net deferred loss from cash flow hedges [Member]	Total accumulated other comprehensive loss, end of year [Member]
Shares, Outstanding at Dec. 31, 2011				426
Balance at Dec. 31, 2011				$ 4	$ 4,120	$ 231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance related to benefit and investment plans				$ 0	10
Issuance related to benefit and investment plans (in shares)				2
Net income	$ 417					417
Common stock dividends						(346)
Balance at Dec. 31, 2012	4,301	$ 0	$ 0	$ 4	4,130	302	$ (132)	$ (3)	$ (135)
Shares, Outstanding at Dec. 31, 2012		0	0	428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance related to benefit and investment plans				$ 0	27
Issuance related to benefit and investment plans (in shares)				1
Net income	311					311
Common stock dividends						(355)
Balance at Dec. 31, 2013	4,329	$ 0	$ 0	$ 4	4,157	258	(88)	(2)	(90)
Shares, Outstanding at Dec. 31, 2013		0	0	429
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance related to benefit and investment plans				$ 0	12
Issuance related to benefit and investment plans (in shares)				1
Net income	611					611
Common stock dividends						(408)
Balance at Dec. 31, 2014	$ 4,548	$ 0	$ 0	$ 4	$ 4,169	$ 461	$ (85)	$ (1)	$ (86)
Shares, Outstanding at Dec. 31, 2014		0	0	430

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

STATEMENTS OF CONSOLIDATED SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Preferred Stock, Shares Outstanding	0	0	0
Cumulative preferred stock par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Cumulative preferred stock shares authorized (in shares)	20,000,000	20,000,000	20,000,000
Common stock shares par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000

Background

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Background

CenterPoint Energy, Inc. is a public utility holding company. CenterPoint Energy’s operating subsidiaries own and operate electric transmission and distribution facilities and natural gas distribution facilities and own interests in Enable Midstream Partners, LP (Enable) as described below. As of December 31, 2014, CenterPoint Energy’s indirect wholly owned subsidiaries included:


•	CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in the electric transmission and distribution business in the Texas Gulf Coast area that includes the city of Houston; and

•

CenterPoint Energy Resources Corp. (CERC Corp. and, together with its subsidiaries, CERC), which owns and operates natural gas distribution systems (NGD). A wholly owned subsidiary of CERC Corp. offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and electric and gas utilities. As of December 31, 2014, CERC Corp. also owned approximately 55.4% of the limited partner interests in Enable, which owns, operates and develops natural gas and crude oil infrastructure assets.

For a description of CenterPoint Energy’s reportable business segments, see Note 17.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies


(a)	Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


(b)	Principles of Consolidation

The accounts of CenterPoint Energy and its wholly owned and majority owned subsidiaries are included in the consolidated financial statements. All intercompany transactions and balances are eliminated in consolidation. CenterPoint Energy generally uses the equity method of accounting for investments in entities in which CenterPoint Energy has an ownership interest between 20% and 50% and exercises significant influence. CenterPoint Energy also uses the equity method for investments in which it has ownership percentages greater than 50%, when it exercises significant influence, does not have control and is not considered the primary beneficiary, if applicable.

On March 14, 2013, CenterPoint Energy entered into a Master Formation Agreement (MFA) with OGE Energy Corp. (OGE) and affiliates of ArcLight Capital Partners, LLC (ArcLight), pursuant to which CenterPoint Energy, OGE and ArcLight agreed to form Enable as a private limited partnership. On May 1, 2013, the parties closed on the formation of Enable. In connection with the closing (i) CERC Corp. converted its direct wholly owned subsidiary, CenterPoint Energy Field Services, LLC, a Delaware limited liability company (CEFS), into a Delaware limited partnership that became Enable, (ii) CERC Corp. contributed to Enable its equity interests in each of CenterPoint Energy Gas Transmission Company, LLC, which has been subsequently renamed Enable Gas Transmission, LLC (EGT), CenterPoint Energy - Mississippi River Transmission, LLC, which has been subsequently renamed Enable Mississippi River Transmission, LLC (MRT), certain of its other midstream subsidiaries (Other CNP Midstream Subsidiaries), and a 24.95% interest in Southeast Supply Header, LLC (SESH and, collectively with CEFS, EGT, MRT and Other CNP Midstream Subsidiaries, CenterPoint Midstream), and (iii) OGE and ArcLight indirectly contributed 100% of the equity interests in Enogex LLC, which has been subsequently renamed Enable Oklahoma Intrastate Transmission, LLC (Enogex), to Enable.

The formation of Enable by CenterPoint Energy was considered a contribution of in-substance real estate to a limited partnership as the businesses are composed of, and reliant upon, substantial real estate assets and integral equipment. Real estate assets and integral equipment primarily include gas transmission pipelines, compressor station equipment, rights of way, storage and processing assets and long-term customer contracts. Accordingly, CenterPoint Energy did not recognize a gain or loss upon contribution and recorded its investment in Enable using the equity method of accounting based on the historical cost of the contributed assets and liabilities as of May 1, 2013 (Closing Date). Approximately $5.8 billion of assets (which includes $4.7 billion in property, plant and equipment, net, $629 million in goodwill and $197 million for the 24.95% investment in SESH) and $1.5 billion of liabilities (which includes a term loan and the indebtedness owed to CERC of $1.05 billion and $363 million, respectively) were contributed by CERC Corp. CenterPoint Energy has the ability to significantly influence the operating and financial policies of, but not solely control, Enable and, accordingly, recorded an equity method investment, at the historical costs of net assets contributed, of $4.3 billion in Enable on the Closing Date. Pursuant to the MFA, CenterPoint Energy retained certain assets and liabilities historically held by CenterPoint Midstream such as balances relating to federal income taxes and benefit plan obligations.

Under the equity method, CenterPoint Energy adjusts its investment in Enable each period for contributions made, distributions received, CenterPoint Energy’s share of Enable’s comprehensive income and accretion of basis differences, as appropriate. CenterPoint Energy evaluates its equity method investments for impairment when events or changes in circumstances indicate there is a loss in value of the investment that is other than a temporary decline.

CenterPoint Energy’s investment in Enable is considered to be a variable interest entity (VIE) because the power to direct the activities that most significantly impact Enable’s economic performance does not reside with the holders of equity investment at risk. However, CenterPoint Energy is not considered the primary beneficiary of Enable since it does not have the power to direct the activities of Enable that are considered most significant to the economic performance of Enable.

As of December 31, 2014, CERC Corp. and OGE held approximately 55.4% and 26.3%, respectively, of the limited partner interests in Enable. Enable is controlled jointly by CERC Corp. and OGE, and each own 50% of the management rights in the general partner of Enable.

As of December 31, 2014, CERC Corp. and OGE also own a 40% and 60% interest, respectively, in the incentive distribution rights held by the general partner of Enable. Enable is expected to pay a minimum quarterly distribution of $0.2875 per unit on its outstanding units to the extent it has sufficient cash from operations after establishment of cash reserves and payment of fees and expenses, including payments to its general partner and its affiliates, within 45 days after the end of each quarter. If cash distributions to Enable’s unitholders exceed $0.330625 per unit in any quarter, the general partner will receive increasing percentages or incentive distributions rights, up to 50%, of the cash Enable distributes in excess of that amount. In certain circumstances the general partner of Enable will have the right to reset the minimum quarterly distribution and the target distribution levels at which the incentive distributions receive increasing percentages to higher levels based on Enable’s cash distributions at the time of the exercise of this reset election.

Prior to July 2012, CenterPoint Energy owned a 50% interest in Waskom Gas Processing Company (Waskom), a Texas general partnership, which owns and operates a natural gas processing plant and natural gas gathering assets. On July 31, 2012, CenterPoint Energy purchased the 50% interest that it did not already own in Waskom, as well as other gathering and related assets from a third-party for approximately $273 million. The purchase of the 50% interest in Waskom was determined to be a business combination achieved in stages, and as such CenterPoint Energy recorded a pre-tax gain of approximately $136 million on July 31, 2012, which is the result of remeasuring its original 50% interest in Waskom to fair value.

Other investments, excluding marketable securities, are carried at cost.

As of December 31, 2014, CenterPoint Energy had VIEs consisting of transition and system restoration bond companies, which it consolidates. The consolidated VIEs are wholly owned bankruptcy remote special purpose entities that were formed specifically for the purpose of securitizing transition and system restoration related property. Creditors of CenterPoint Energy have no recourse to any assets or revenues of the transition and system restoration bond companies. The bonds issued by these VIEs are payable only from and secured by transition and system restoration property and the bondholders have no recourse to the general credit of CenterPoint Energy.


(c)	Revenues

CenterPoint Energy records revenue for electricity delivery and natural gas sales and services under the accrual method and these revenues are recognized upon delivery to customers. Electricity deliveries not billed by month-end are accrued based on actual advanced metering system data, daily supply volumes and applicable rates. Natural gas sales not billed by month-end are accrued based upon estimated purchased gas volumes, estimated lost and unaccounted for gas and currently effective tariff rates.

(d) Long-lived Assets and Intangibles

CenterPoint Energy records property, plant and equipment at historical cost. CenterPoint Energy expenses repair and maintenance costs as incurred.

CenterPoint Energy periodically evaluates long-lived assets, including property, plant and equipment, and specifically identifiable intangibles, when events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. The determination of whether an impairment has occurred is based on an estimate of undiscounted cash flows attributable to the assets compared to the carrying value of the assets.

(e) Regulatory Assets and Liabilities

CenterPoint Energy applies the guidance for accounting for regulated operations to the Electric Transmission & Distribution business segment and the Natural Gas Distribution business segment. CenterPoint Energy’s rate-regulated subsidiaries may collect revenues subject to refund pending final determination in rate proceedings. In connection with such revenues, estimated rate refund liabilities are recorded which reflect management’s current judgment of the ultimate outcomes of the proceedings.

CenterPoint Energy’s rate-regulated businesses recognize removal costs as a component of depreciation expense in accordance with regulatory treatment. As of December 31, 2014 and 2013, these removal costs of $958 million and $941 million, respectively, are classified as regulatory liabilities in CenterPoint Energy’s Consolidated Balance Sheets. In addition, a portion of the amount of removal costs that relate to asset retirement obligations has been reclassified from a regulatory liability to an asset retirement liability in accordance with accounting guidance for asset retirement obligations.

(f) Depreciation and Amortization Expense

Depreciation and amortization is computed using the straight-line method based on economic lives or regulatory-mandated recovery periods. Amortization expense includes amortization of regulatory assets and other intangibles.

(g) Capitalization of Interest and Allowance for Funds Used During Construction

Interest and allowance for funds used during construction (AFUDC) are capitalized as a component of projects under construction and are amortized over the assets’ estimated useful lives once the assets are placed in service. AFUDC represents the composite interest cost of borrowed funds and a reasonable return on the equity funds used for construction for subsidiaries that apply the guidance for accounting for regulated operations. During 2014, 2013 and 2012, CenterPoint Energy capitalized interest and AFUDC of $11 million, $11 million and $9 million, respectively. During 2014, 2013 and 2012, CenterPoint Energy recorded AFUDC equity of $14 million, $8 million and $6 million, respectively, which is included in Other Income in its Statements of Consolidated Income.

(h) Income Taxes

CenterPoint Energy uses the asset and liability method of accounting for deferred income taxes. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established against deferred tax assets for which management believes realization is not considered to be more likely than not. CenterPoint Energy recognizes interest and penalties as a component of income tax expense.

(i) Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded at the invoiced amount and do not bear interest. It is the policy of management to review the outstanding accounts receivable monthly, as well as the bad debt write-offs experienced in the past, and establish an allowance for doubtful accounts. Account balances are charged off against the allowance when management determines it is probable the receivable will not be recovered. The provision for doubtful accounts in CenterPoint Energy’s Statements of Consolidated Income for 2014, 2013 and 2012 was $22 million, $21 million and $16 million, respectively.

(j) Inventory

Inventory consists principally of materials and supplies and natural gas. Materials and supplies are valued at the lower of average cost or market. Materials and supplies are recorded to inventory when purchased and subsequently charged to expense or capitalized to plant when installed. Natural gas inventories of CenterPoint Energy’s Energy Services business segment are valued at the lower of average cost or market. Natural gas inventories of CenterPoint Energy’s Natural Gas Distribution business segment are primarily valued at weighted average cost. During 2014, 2013 and 2012, CenterPoint Energy recorded $8 million, $4 million and $4 million, respectively, in write-downs of natural gas inventory to the lower of average cost or market.



	December 31,
	2014		2013

Materials and supplies	$	168	$	140
Natural gas	211		145
Total inventory	$	379	$	285

(k) Derivative Instruments

CenterPoint Energy is exposed to various market risks. These risks arise from transactions entered into in the normal course of business. CenterPoint Energy utilizes derivative instruments such as physical forward contracts, swaps and options to mitigate the impact of changes in commodity prices and weather on its operating results and cash flows. Such derivatives are recognized in CenterPoint Energy’s Consolidated Balance Sheets at their fair value unless CenterPoint Energy elects the normal purchase and sales exemption for qualified physical transactions. A derivative may be designated as a normal purchase or normal sale if the intent is to physically receive or deliver the product for use or sale in the normal course of business.

CenterPoint Energy has a Risk Oversight Committee composed of corporate and business segment officers that oversees all commodity price, weather and credit risk activities, including CenterPoint Energy’s marketing, risk management services and hedging activities. The committee’s duties are to establish CenterPoint Energy’s commodity risk policies, allocate board-approved commercial risk limits, approve the use of new products and commodities, monitor positions and ensure compliance with CenterPoint Energy’s risk management policies and procedures and limits established by CenterPoint Energy’s board of directors.

CenterPoint Energy’s policies prohibit the use of leveraged financial instruments. A leveraged financial instrument, for this purpose, is a transaction involving a derivative whose financial impact will be based on an amount other than the notional amount or volume of the instrument.

(l) Investments in Other Debt and Equity Securities

CenterPoint Energy reports securities classified as trading at estimated fair value in its Consolidated Balance Sheets, and any unrealized holding gains and losses are recorded as other income (expense) in its Statements of Consolidated Income.

(m) Environmental Costs

CenterPoint Energy expenses or capitalizes environmental expenditures, as appropriate, depending on their future economic benefit. CenterPoint Energy expenses amounts that relate to an existing condition caused by past operations that do not have future economic benefit. CenterPoint Energy records undiscounted liabilities related to these future costs when environmental assessments and/or remediation activities are probable and the costs can be reasonably estimated.

(n) Statements of Consolidated Cash Flows

For purposes of reporting cash flows, CenterPoint Energy considers cash equivalents to be short-term, highly-liquid investments with maturities of three months or less from the date of purchase. In connection with the issuance of transition bonds and system restoration bonds, CenterPoint Energy was required to establish restricted cash accounts to collateralize the bonds that were issued in these financing transactions. These restricted cash accounts are not available for withdrawal until the maturity of the bonds and are not included in cash and cash equivalents. These restricted cash accounts of $47 million and $41 million at December 31, 2014 and 2013, respectively, are included in other current assets in CenterPoint Energy’s Consolidated Balance Sheets. Cash and cash equivalents included $290 million and $207 million at December 31, 2014 and 2013, respectively, that was held by CenterPoint Energy’s transition and system restoration bond subsidiaries solely to support servicing the transition and system restoration bonds.

CenterPoint Energy considers distributions received from equity method investments which do not exceed cumulative equity in earnings subsequent to the date of investment to be a return on investment and classifies these distributions as operating activities in the Statements of Consolidated Cash Flows. CenterPoint Energy considers distributions received from equity method investments in excess of cumulative equity in earnings subsequent to the date of investment to be a return of investment and classifies these distributions as investing activities in the Statements of Consolidated Cash Flows.

(o) New Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08), which significantly changes the existing accounting guidance on discontinued operations. Under ASU 2014-08, only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results should be reported as a discontinued operation. ASU 2014-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. ASU 2014-08 should be applied to components classified as held for sale after its effective date. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The adoption is expected to reduce the number of disposals that meet the definition of a discontinued operation.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (ASU 2014-09), which supersedes most current revenue recognition guidance. ASU 2014-09 provides a comprehensive new revenue recognition model that requires revenue to be recognized in a manner that depicts the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted, and entities have the option of using either a full retrospective or a modified retrospective adoption approach. Accordingly, CenterPoint Energy will adopt ASU 2014-09 on January 1, 2017, and is currently evaluating the impact that this standard will have on its financial position, results of operations, cash flows and disclosures.

In November 2014, the FASB issued ASU No. 2014-16, Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (ASU 2014-16). ASU 2014-16 clarifies how current guidance should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of a host contract. ASU 2014-16 is effective for fiscal years and interim periods beginning after December 15, 2015. CenterPoint Energy is currently assessing the impact, if any, that this standard will have on its financial position, results of operations, cash flows and disclosures.

In January 2015, the FASB issued ASU No. 2015-01, Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)-Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (ASU 2015-01), which eliminates the concept of extraordinary items. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, and may be applied either prospectively or retrospectively. CenterPoint Energy will adopt ASU 2015-01 on January 1, 2016 and does not anticipate the adoption to have a material impact on its consolidated financial statements.

Management believes that other recently issued standards, which are not yet effective, will not have a material impact on CenterPoint Energy’s consolidated financial position, results of operations or cash flows upon adoption.

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(a) Property, Plant and Equipment

Property, plant and equipment includes the following:



	Weighted Average Useful Lives	December 31,
	(Years)	2014		2013
		(in millions)
Electric Transmission & Distribution	31	$	9,393	$	8,741
Natural Gas Distribution	33	5,235		4,694
Energy Services	27	84		82
Other property	22	646		621
Total		15,358		14,138
Accumulated depreciation and amortization:
Electric Transmission & Distribution		3,050		2,907
Natural Gas Distribution		1,493		1,324
Energy Services		31		28
Other property		282		286
Total accumulated depreciation and amortization		4,856		4,545
Property, plant and equipment, net		$	10,502	$	9,593

(b) Depreciation and Amortization

The following table presents depreciation and amortization expense for 2014, 2013 and 2012 (in millions).



	2014		2013		2012
Depreciation expense	$	521	$	531	$	562
Amortization expense	492		423		488
Total depreciation and amortization expense	$	1,013	$	954	$	1,050

A reconciliation of the changes in the asset retirement obligation (ARO) liability is as follows (in millions):



	December 31,
	2014		2013
Beginning balance	$	134	$	164
Accretion expense	5		5
Revisions in estimates of cash flows	37		(35		)
Ending balance	$	176	$	134

CenterPoint Energy recorded asset retirement obligations associated with the removal of asbestos and asbestos-containing material in its buildings, including substation building structures. CenterPoint Energy also recorded asset retirement obligations relating to gas pipelines abandoned in place, treated wood poles for electric distribution, distribution transformers containing PCB (also known as Polychlorinated Biphenyl), and underground fuel storage tanks. The estimates of future liabilities were developed using historical information, and where available, quoted prices from outside contractors.

The increase of $37 million in the ARO from the revision of estimate in 2014 is primarily attributable to a reduction of the estimated service lives of steel and plastic pipe. The decrease of $35 million in the ARO from the revision of estimate in 2013 is primarily attributable to a decrease in the future expected cash flows associated with the retirement of steel pipe.

Goodwill

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill by reportable business segment as of both December 31, 2014 and 2013 are as follows (in millions):



Natural Gas Distribution	$	746
Energy Services (1)	83
Other	11
Total	$	840


(1)	Amounts presented are net of accumulated goodwill impairment charge of $252 million.

CenterPoint Energy performs its goodwill impairment tests at least annually and evaluates goodwill when events or changes in circumstances indicate that its carrying value may not be recoverable. The impairment evaluation for goodwill is performed by using a two-step process. In the first step, the fair value of each reporting unit, which approximate the reportable business segments, is compared with the carrying amount of the reporting unit, including goodwill. The estimated fair value of the reporting unit is generally determined on the basis of discounted cash flows. If the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, then a second step must be completed in order to determine the amount of the goodwill impairment that should be recorded. In the second step, the implied fair value of the reporting unit’s goodwill is determined by allocating the reporting unit’s fair value to all of its assets and liabilities other than goodwill (including any unrecognized intangible assets) in a manner similar to a purchase price allocation. The resulting implied fair value of the goodwill that results from the application of this second step is then compared to the carrying amount of the goodwill and an impairment charge is recorded for the difference.

CenterPoint Energy performed its annual impairment test in the third quarter of each of 2014 and 2013 and determined, based on the results of the first step, that no impairment charge was required for any reportable segment. Other intangibles were not material as of December 31, 2014 and 2013.

CenterPoint Energy’s annual impairment test in the third quarter of 2012 resulted in a non-cash goodwill impairment charge in the amount of $252 million for the Energy Services reportable segment. The Energy Services reporting unit fair value analysis resulted in an implied fair value of goodwill of $83 million for this reporting unit, and as a result, the non-cash impairment charge was recorded in the third quarter of 2012. The adverse wholesale market conditions facing CenterPoint Energy’s Energy Services business, specifically the prospects for continued low geographic and seasonal price differentials for natural gas, led to a reduction in the estimate of the fair value of goodwill associated with this reporting unit.

CenterPoint Energy estimated the value of the Energy Services reporting unit using an income approach. Under this approach, the fair value of the reporting unit is determined by using the present value of future expected cash flows, which are based on management projections of revenue growth, gross margin, and overall market conditions. These estimated future cash flows are then discounted using a rate that approximates the weighted average cost of capital of a market participant.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Regulatory Accounting

12 Months Ended

Dec. 31, 2014

Regulated Operations [Abstract]

Regulatory Matters

Regulatory Accounting

The following is a list of regulatory assets/liabilities reflected on CenterPoint Energy’s Consolidated Balance Sheets as of December 31, 2014 and 2013:



	December 31,
	2014			2013
	(in millions)
Securitized regulatory assets	$	2,738		$	3,179
Unrecognized equity return (1)	(442		)	(508		)
Unamortized loss on reacquired debt	104			111
Pension and postretirement-related regulatory asset (2)	922			732
Other long-term regulatory assets (3)	205			212
Total regulatory assets	3,527			3,726

Estimated removal costs	958			941
Other long-term regulatory liabilities	248			211
Total regulatory liabilities	1,206			1,152

Total regulatory assets and liabilities, net	$	2,321		$	2,574

(1)

As of December 31, 2014, CenterPoint Energy has not recognized an allowed equity return of $442 million because such return will be recognized as it is recovered in rates through 2024. During the years ended December 31, 2014, 2013 and 2012, CenterPoint Houston recognized approximately $68 million, $45 million and $47 million, respectively, of the allowed equity return. The timing of CenterPoint Energy’s recognition of the allowed equity return will vary each period based on amounts actually collected during the period. The actual amounts recovered for the allowed equity return are reviewed and adjusted at least annually by the Texas Utility Commission to correct any over-collections or under-collections during the preceding 12 months and to provide for the full and timely recovery of the allowed equity return.


(2)	CenterPoint Houston’s actuarially determined pension and other postemployment expense in excess of the amount being recovered through rates is being deferred for rate making purposes. Deferred pension and other postemployment expenses of $-0- and $5 million as of December 31, 2014 and 2013, respectively, were not earning a return.


(3)	Other regulatory assets that are not earning a return were not material as of December 31, 2014 and 2013.

Stock-Based Incentive Compensation Plans and Employee Benefit Plans

12 Months Ended

Dec. 31, 2014

Disclosure of Stock-Based Incentive Compensation Plans and Employee Benefit Plans [Abstract]

Stock-Based Incentive Compensation Plans and Employee Benefit Plans

(a) Stock-Based Incentive Compensation Plans

CenterPoint Energy has long-term incentive plans (LTIPs) that provide for the issuance of stock-based incentives, including stock options, performance awards, restricted stock unit awards and restricted and unrestricted stock awards to officers, employees and non-employee directors. Approximately 14 million shares of CenterPoint Energy common stock are authorized under these plans for awards.

Equity awards are granted to employees without cost to the participants. The performance awards granted in 2014, 2013 and 2012 are distributed based upon the achievement of certain objectives over a three-year performance cycle. The stock awards granted in 2014 are service based. The stock awards granted in 2013 and 2012 are subject to the performance condition that total common dividends declared during the three-year vesting period must be at least $2.49 and $2.43 per share, respectively. The stock awards generally vest at the end of a three-year period. Upon vesting, both the performance and stock awards are issued to the participants along with the value of dividend equivalents earned over the performance cycle or vesting period. CenterPoint Energy issues new shares in order to satisfy stock-based payments related to LTIPs.

CenterPoint Energy recorded LTIP compensation expense of $18 million, $19 million and $18 million for the years ended December 31, 2014, 2013 and 2012, respectively. This expense is included in Operation and Maintenance Expense in the Statements of Consolidated Income.

The total income tax benefit recognized related to LTIPs was $7 million for each of the years ended December 31, 2014, 2013 and 2012. No compensation cost related to LTIPs was capitalized as a part of inventory or fixed assets in 2014, 2013 or 2012. The actual tax benefit realized for tax deductions related to LTIPs totaled $13 million, $13 million and $14 million for 2014, 2013 and 2012, respectively.

Compensation costs for the performance and stock awards granted under LTIPs are measured using fair value and expected achievement levels on the grant date. For performance awards with operational goals, the achievement levels are revised as goals are evaluated. The fair value of awards granted to employees is based on the closing stock price of CenterPoint Energy’s common stock on the grant date. The compensation expense is recorded on a straight-line basis over the vesting period. Forfeitures are estimated on the date of grant based on historical averages, and estimates are updated periodically throughout the vesting period.

The following tables summarize CenterPoint Energy’s LTIP activity for 2014:

Stock Options



	Outstanding Options
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Exercise Price		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	120		$	10.93
Exercised	(120	)	10.93
Outstanding at December 31, 2014	—		—		—	$	—
Exercisable at December 31, 2014	—		—		—	—

Cash received from stock options exercised was $1 million, $3 million and $3 million for 2014, 2013 and 2012, respectively.

CenterPoint Energy has not issued stock options since 2004.

Performance Awards



	Outstanding and Non-Vested Shares
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Grant Date Fair Value		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	2,703		$	18.17
Granted	1,198		23.70
Forfeited or cancelled	(515	)	21.09
Vested and released to participants	(926	)	15.50
Outstanding at December 31, 2014	2,460		21.26		1.1	$	40

The outstanding and non-vested shares displayed in the table above assumes that shares are issued at the maximum performance level. The aggregate intrinsic value reflects the impact of current expectations of achievement and stock price.

Stock Awards



	Outstanding and Non-Vested Shares
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Grant Date Fair Value		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	898		$	18.72
Granted	322		23.89
Forfeited or cancelled	(122	)	21.60
Vested and released to participants	(375	)	17.03
Outstanding at December 31, 2014	723		21.41		1.0	$	17

The weighted-average grant-date fair values per unit of awards granted were as follows for 2014, 2013 and 2012:



	Year Ended December 31,
	2014		2013		2012
Performance awards	$	23.70	$	20.67	$	18.79
Stock awards	23.89		21.53		18.96

Valuation Data

The total intrinsic value of awards received by participants was as follows for 2014, 2013 and 2012:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Stock options exercised	$	2	$	4	$	6
Performance awards	24		20		24
Stock awards	10		10		9

The total grant date fair value of performance and stock awards which vested during the years ended December 31, 2014, 2013 and 2012 was $21 million, $19 million and $19 million, respectively. As of December 31, 2014, there was $17 million of total unrecognized compensation cost related to non-vested performance and stock awards which is expected to be recognized over a weighted-average period of 1.6 years.

(b) Pension and Postretirement Benefits

CenterPoint Energy maintains a non-contributory qualified defined benefit pension plan covering substantially all employees, with benefits determined using a cash balance formula. Under the cash balance formula, participants accumulate a retirement benefit based upon 5% of eligible earnings and accrued interest. Participants are 100% vested in their benefit after completing three years of service. In addition to the non-contributory qualified defined benefit pension plan, CenterPoint Energy maintains unfunded non-qualified benefit restoration plans which allow participants to receive the benefits to which they would have been entitled under CenterPoint Energy’s non-contributory pension plan except for federally mandated limits on qualified plan benefits or on the level of compensation on which qualified plan benefits may be calculated.

CenterPoint Energy provides certain healthcare and life insurance benefits for retired employees on both a contributory and non-contributory basis. Employees become eligible for these benefits if they have met certain age and service requirements at retirement, as defined in the plans. Under plan amendments, effective in early 1999, healthcare benefits for future retirees were changed to limit employer contributions for medical coverage.

Such benefit costs are accrued over the active service period of employees. The net unrecognized transition obligation is being amortized over approximately 20 years.

CenterPoint Energy’s net periodic cost includes the following components relating to pension, including the benefit restoration plan, and postretirement benefits:



	Year Ended December 31,
	2014						2013						2012
	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
	(in millions)
Service cost	$	42		$	2		$	44		$	2		$	35		$	1
Interest cost	100			22			90			20			100			23
Expected return on plan assets	(125		)	(7		)	(135		)	(7		)	(121		)	(7		)
Amortization of prior service cost (credit)	10			(1		)	10			1			8			3
Amortization of net loss	44			1			63			6			60			4
Amortization of transition obligation	—			5			—			7			—			7
Benefit enhancement	—			—			—			—			—			1
Curtailment (1)	6			—			—			—			—			—
Net periodic cost	$	77		$	22		$	72		$	29		$	82		$	32


(1)	During the fourth quarter of 2014, CenterPoint Energy recognized a curtailment pension loss of $6 million related to employees seconded to Enable. Substantially all of the seconded employees became employees of Enable effective January 1, 2015.

CenterPoint Energy used the following assumptions to determine net periodic cost relating to pension and postretirement benefits:



	Year Ended December 31,
	2014				2013				2012
	Pension Benefits		Post-retirement Benefits		Pension Benefits		Post-retirement Benefits		Pension Benefits		Post-retirement Benefits
Discount rate	4.80	%	4.75	%	4.00	%	3.90	%	4.90	%	4.80	%
Expected return on plan assets	7.00		5.50		8.00		5.50		8.00		5.50
Rate of increase in compensation levels	3.90		—		4.00		—		4.20		—

In determining net periodic benefits cost, CenterPoint Energy uses fair value, as of the beginning of the year, as its basis for determining expected return on plan assets.

The following table summarizes changes in the benefit obligation, plan assets, the amounts recognized in consolidated balance sheets and the key assumptions of CenterPoint Energy’s pension, including benefit restoration, and postretirement plans. The measurement dates for plan assets and obligations were December 31, 2014 and 2013.



	December 31,
	2014						2013
	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
	(in millions, except for actuarial assumptions)
Change in Benefit Obligation
Benefit obligation, beginning of year	$	2,153		$	476		$	2,316		$	538
Service cost	42			2			44			2
Interest cost	100			22			90			20
Participant contributions	—			7			—			7
Benefits paid	(156		)	(32		)	(142		)	(34		)
Actuarial (gain) loss	264			52			(155		)	(60		)
Medicare reimbursement	—			3			—			3
Plan amendment	—			1			—			—
Curtailment	—			(2		)	—			—
Benefit obligation, end of year	2,403			529			2,153			476
Change in Plan Assets
Fair value of plan assets, beginning of year	1,803			140			1,698			139
Employer contributions	97			18			91			19
Participant contributions	—			7			—			7
Benefits paid	(156		)	(32		)	(142		)	(34		)
Actual investment return	181			8			156			9
Fair value of plan assets, end of year	1,925			141			1,803			140
Funded status, end of year	$	(478	)	$	(388	)	$	(350	)	$	(336	)
Amounts Recognized in Balance Sheets
Current liabilities-other	$	(31	)	$	(9	)	$	(9	)	$	(9	)
Other liabilities-benefit obligations	(447		)	(379		)	(341		)	(327		)
Net liability, end of year	$	(478	)	$	(388	)	$	(350	)	$	(336	)
Actuarial Assumptions
Discount rate	4.05		%	3.90		%	4.80		%	4.75		%
Expected return on plan assets	6.50			5.20			7.00			5.50
Rate of increase in compensation levels	4.00			—			3.90			—
Healthcare cost trend rate assumed for the next year - Pre-65	—			7.25			—			7.00
Healthcare cost trend rate assumed for the next year - Post-65	—			8.50			—			7.50
Prescription drug cost trend rate assumed for the next year	—			6.50			—			7.00
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	—			5.00			—			5.50
Year that the healthcare rate reaches the ultimate trend rate	—			2024			—			2018
Year that the prescription drug rate reaches the ultimate trend rate	—			2024			—			2018

The accumulated benefit obligation for all defined benefit pension plans was $2,371 million and $2,123 million as of December 31, 2014 and 2013, respectively.

The expected rate of return assumption was developed using the targeted asset allocation of CenterPoint Energy’s plans and the expected return for each asset class.

The discount rate assumption was determined by matching the projected cash flows of CenterPoint Energy’s plans against a hypothetical yield curve of high-quality corporate bonds represented by a series of annualized individual discount rates from one-half to 99 years.

For measurement purposes, medical costs are assumed to increase 7.25% and 8.50% for the pre-65 and post-65 retirees during 2015, respectively, and the prescription cost is assumed to increase 6.50% during 2015, after which these rates decrease until reaching the ultimate trend rate of 5.00% in 2024.

CenterPoint Energy’s changes in accumulated comprehensive loss related to defined benefit, postretirement and other postemployment plans are as follows (in millions):



	Year Ended December 31,
	2014			2013
Beginning Balance	$	(88	)	$	(132	)
Other comprehensive income (loss) before reclassifications (1)	(3		)	52
Amounts reclassified from accumulated other comprehensive income:
Prior service cost (2)	2			3
Actuarial losses (2)	9			14
Total reclassifications from accumulated other comprehensive income	11			17
Tax expense	(5		)	(25		)
Net current period other comprehensive income	3			44
Ending Balance	$	(85	)	$	(88	)

________________


(1)	Total other comprehensive income (loss) related to the re-measurement of pension, postretirement and other postemployment plans.


(2)	These accumulated other comprehensive components are included in the computation of net periodic cost.

Amounts recognized in accumulated other comprehensive loss consist of the following:



	December 31,
	2014				2013
	Pension Benefits		Postretirement Benefits		Pension Benefits		Postretirement Benefits
	(in millions)
Unrecognized actuarial loss	$	113	$	14	$	126	$	7
Unrecognized prior service cost	4		2		12		1
Net amount recognized in accumulated other comprehensive loss	$	117	$	16	$	138	$	8

The changes in plan assets and benefit obligations recognized in other comprehensive income during 2014 are as follows (in millions):



	Pension Benefits		Postretirement Benefits
Net gain (loss)	$	10	$	(6	)
Amortization of net loss (gain)	9		(1		)
Amortization of prior service credit (cost)	2		(1		)
Total recognized in comprehensive income	$	21	$	(8	)

The total expense recognized in net periodic costs and other comprehensive income was $56 million and $30 million for pension and postretirement benefits, respectively, for the year ended December 31, 2014.

The amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost during 2015 are as follows (in millions):



	Pension Benefits		Postretirement Benefits
Unrecognized actuarial loss	$	12	$	1
Unrecognized prior service cost	1		—
Amounts in accumulated comprehensive loss to be recognized in net periodic cost in 2015	$	13	$	1

The following table displays pension benefits related to CenterPoint Energy’s pension plans that have accumulated benefit obligations in excess of plan assets:



	December 31,
	2014				2013
	Pension Qualified		Pension Non-qualified		Pension Qualified		Pension Non-qualified
	(in millions)
Accumulated benefit obligation	$	2,273	$	98	$	2,031	$	92
Projected benefit obligation	2,304		98		2,061		92
Fair value of plan assets	1,925		—		1,803		—

Assumed healthcare cost trend rates have a significant effect on the reported amounts for CenterPoint Energy’s postretirement benefit plans. A 1% change in the assumed healthcare cost trend rate would have the following effects:



	1% Increase		1% Decrease
	(in millions)
Effect on the postretirement benefit obligation	$	19	$	16
Effect on total of service and interest cost	1		1

In managing the investments associated with the benefit plans, CenterPoint Energy’s objective is to achieve and maintain a fully funded plan. This objective is expected to be achieved through an investment strategy that manages liquidity requirements while maintaining a long-term horizon in making investment decisions and efficient and effective management of plan assets.

As part of the investment strategy discussed above, CenterPoint Energy maintained the following weighted average allocation targets for its benefit plans as of December 31, 2014:



	Pension Benefits	Postretirement Benefits
U.S. equity	12 – 28%	14 – 24%
International developed market equity	7 – 17%	3 – 13%
Emerging market equity	3 – 13%	—
Fixed income	54 – 66%	68 – 78%
Cash	0 – 2%	0 – 2%

The following tables set forth by level, within the fair value hierarchy (see Note 8), CenterPoint Energy’s pension plan assets at fair value as of December 31, 2014 and 2013:



	Fair Value Measurements at December 31, 2014
	(in millions)
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	6		$	6		$	—	$	—
Common collective trust funds (1)	1,108			—			1,108		—
Corporate bonds:
Investment grade or above	368			—			368		—
Equity securities:
International companies	49			49			—		—
U.S. companies	83			83			—		—
Cash received as collateral from securities lending	86			86			—		—
U.S. treasuries	47			47			—		—
Mortgage backed securities	4			—			4		—
Asset backed securities	4			—			4		—
Municipal bonds	79			—			79		—
Mutual funds (2)	161			161			—		—
International government bonds	15			—			15		—
Real estate	1			—			—		1
Obligation to return cash received as collateral from securities lending	(86		)	(86		)	—		—
Total	$	1,925		$	346		$	1,578	$	1


(1)	61% of the amount invested in common collective trust funds is in fixed income securities, 14% is in U.S. equities, 22% is in international equities and 3% is in emerging market equities.


(2)	57% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 13% is in U.S. equities.



	Fair Value Measurements at December 31, 2013
	(in millions)
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	11		$	11		$	—	$	—
Common collective trust funds (1)	1,107			—			1,107		—
Corporate bonds:
Investment grade or above	256			—			256		—
Equity securities:
International companies	75			75			—		—
U.S. companies	77			77			—		—
Cash received as collateral from securities lending	71			71			—		—
U.S. government backed agencies bonds	1			1			—		—
U.S. treasuries	18			18			—		—
Mortgage backed securities	7			—			7		—
Asset backed securities	6			—			6		—
Municipal bonds	61			—			61		—
Mutual funds (2)	172			172			—		—
International government bonds	11			—			11		—
Real estate	1			—			—		1
Obligation to return cash received as collateral from securities lending	(71		)	(71		)	—		—
Total	$	1,803		$	354		$	1,448	$	1


(1)	50% of the amount invested in common collective trust funds is in fixed income securities, 20% is in U.S. equities, 25% is in international equities and 5% is in emerging market equities.


(2)	58% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 12% is in U.S. equities.

The pension plan utilized both exchange traded and over-the-counter financial instruments such as futures, interest rate options and swaps that were marked to market daily with the gains/losses settled in the cash accounts. The pension plan did not include any holdings of CenterPoint Energy common stock as of December 31, 2014 or 2013.

The changes in the fair value of the pension plan’s level 3 investments for the years ended December 31, 2014 and 2013 were not material.

The following tables present by level, within the fair value hierarchy, CenterPoint Energy’s postretirement plan assets at fair value as of December 31, 2014 and 2013, by asset category:



	Fair Value Measurements at December 31, 2014
	(in millions)
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds (1)	$	141	$	141	$	—	$	—
Total	$	141	$	141	$	—	$	—


(1)	73% of the amount invested in mutual funds is in fixed income securities, 19% is in U.S. equities and 8% is in international equities.



	Fair Value Measurements at December 31, 2013
	(in millions)
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds (1)	$	140	$	140	$	—	$	—
Total	$	140	$	140	$	—	$	—


(1)	72% of the amount invested in mutual funds is in fixed income securities, 20% is in U.S. equities and 8% is in international equities.

CenterPoint Energy contributed $87 million, $10 million and $18 million to its qualified pension, non-qualified pension and postretirement benefits plans, respectively, in 2014. CenterPoint Energy expects to contribute approximately $35 million, $31 million and $17 million to its qualified pension, non-qualified pension and postretirement benefits plans, respectively, in 2015.

The following benefit payments are expected to be paid by the pension and postretirement benefit plans (in millions):



			Postretirement Benefit Plan
	Pension Benefits		Benefit Payments		Medicare Subsidy Receipts
2015	$	223	$	35	$	(4	)
2016	143		36		(4		)
2017	147		38		(5		)
2018	154		40		(5		)
2019	152		42		(6		)
2020-2024	785		228		(39		)

CenterPoint Energy has a tax-qualified employee savings plan that includes a cash or deferred arrangement under Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code), and an employee stock ownership plan (ESOP) under Section 4975(e)(7) of the Code. Under the plan, participating employees may contribute a portion of their compensation, on a pre-tax or after-tax basis, generally up to a maximum of 50% of eligible compensation. The Company matches 100% of the first 6% of each employee’s compensation contributed. The matching contributions are fully vested at all times.

Participating employees may elect to invest all or a portion of their contributions to the plan in CenterPoint Energy common stock, to have dividends reinvested in additional shares or to receive dividend payments in cash on any investment in CenterPoint Energy common stock, and to transfer all or part of their investment in CenterPoint Energy common stock to other investment options offered by the plan.

The savings plan has significant holdings of CenterPoint Energy common stock. As of December 31, 2014, 17,497,676 shares of CenterPoint Energy’s common stock were held by the savings plan, which represented approximately 20% of its investments. Given the concentration of the investments in CenterPoint Energy’s common stock, the savings plan and its participants have market risk related to this investment.

CenterPoint Energy’s savings plan benefit expenses were $39 million, $38 million and $36 million in 2014, 2013 and 2012, respectively.

(d) Postemployment Benefits

CenterPoint Energy provides postemployment benefits for former or inactive employees, their beneficiaries and covered dependents, after employment but before retirement (primarily healthcare and life insurance benefits for participants in the long-term disability plan). The Company recorded postemployment expenses of $3 million, $4 million and $8 million in 2014, 2013 and 2012, respectively.

Included in “Benefit Obligations” in the accompanying Consolidated Balance Sheets at December 31, 2014 and 2013 was $28 million and $30 million, respectively, relating to postemployment obligations.

(e) Other Non-Qualified Plans

CenterPoint Energy has non-qualified deferred compensation plans that provide benefits payable to directors, officers and certain key employees or their designated beneficiaries at specified future dates, upon termination, retirement or death. Benefit payments are made from the general assets of CenterPoint Energy. CenterPoint Energy recorded benefit expense relating to these plans of $5 million for each of the years in 2014, 2013 and 2012. Included in “Benefit Obligations” in the accompanying Consolidated Balance Sheets at December 31, 2014 and 2013 was $60 million and $64 million, respectively, relating to deferred compensation plans.

Included in Benefit Obligations in CenterPoint Energy’s Consolidated Balance Sheets at December 31, 2014 and 2013 was $33 million and $28 million, respectively, relating to split-dollar life insurance arrangements.

(f) Change in Control Agreements and Other Employee Matters

CenterPoint Energy had change in control agreements with certain of its officers, which expired December 31, 2014. In lieu of these agreements, our Board of Directors approved a new change in control plan, which was effective January 1, 2015. The plan, like the expired agreements, generally provides, to the extent applicable, in the case of a change in control of CenterPoint Energy and termination of employment, for severance benefits of up to three times annual base salary plus bonus, and other benefits. Our officers, including our Executive Chairman, are participants under the plan.

As of December 31, 2014, approximately 31% of CenterPoint Energy’s employees were subject to collective bargaining agreements. The collective bargaining agreements with the Gas Workers Local Union 340 and International Brotherhood of Electrical Workers Local 949 in Minnesota, which collectively cover approximately 8% of CenterPoint Energy’s employees, are scheduled to expire in April and December 2015, respectively. CenterPoint Energy believes it has good relationships with these bargaining units and expects to negotiate new agreements in 2015.

Derivative Instruments

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

(a) Non-Trading Activities

Derivative Instruments. CenterPoint Energy enters into certain derivative instruments to manage physical commodity price risk and does not engage in proprietary or speculative commodity trading. These financial instruments do not qualify or are not designated as cash flow or fair value hedges.

Weather Hedges. CenterPoint Energy has weather normalization or other rate mechanisms that mitigate the impact of weather on NGD in Arkansas, Louisiana, Mississippi and Oklahoma. NGD in Texas and Minnesota and electric operations in Texas do not have such mechanisms. As a result, fluctuations from normal weather may have a significant positive or negative effect on NGD’s results in Texas and Minnesota and on CenterPoint Houston’s results in its service territory.

CenterPoint Energy entered into heating-degree day swaps for certain NGD jurisdictions to mitigate the effect of fluctuations from normal weather on its results of operations and cash flows for the winter heating season, which contained a bilateral dollar cap of $15 million in 2012 - 2013, $16 million in 2013 - 2014 and $16 million in 2014 - 2015. In both 2013 and 2014, CenterPoint Energy also entered into a similar winter weather hedge for the CenterPoint Houston service territory, which each contained a bilateral dollar cap of $8 million. The swaps are based on ten-year normal weather. During the years ended December 31, 2014, 2013 and 2012, CenterPoint Energy recognized losses of $11 million, losses of $22 million and gains of $8 million, respectively, related to these swaps. Weather hedge gains and losses are included in revenues in the Statements of Consolidated Income.

(b) Derivative Fair Values and Income Statement Impacts

The following tables present information about CenterPoint Energy’s derivative instruments and hedging activities. The first two tables provide a balance sheet overview of CenterPoint Energy’s Derivative Assets and Liabilities as of December 31, 2014 and 2013, while the last table provides a breakdown of the related income statement impacts for the years ending December 31, 2014 and 2013.



Fair Value of Derivative Instruments
	December 31, 2014
Total derivatives not designated as hedging instruments	Balance Sheet Location	Derivative Assets Fair Value		Derivative Liabilities Fair Value
		(in millions)
Natural gas derivatives (1) (2) (3)	Current Assets: Non-trading derivative assets	$	101	$	1
Natural gas derivatives (1) (2) (3)	Other Assets: Non-trading derivative assets	32		—
Natural gas derivatives (1) (2) (3)	Current Liabilities: Non-trading derivative liabilities	14		83
Natural gas derivatives (1) (2) (3)	Other Liabilities: Non-trading derivative liabilities	2		18
Indexed debt securities derivative	Current Liabilities	—		541
Total		$	149	$	643


(1)	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 804 billion cubic feet (Bcf) or a net 60 Bcf long position. Of the net long position, basis swaps constitute 127 Bcf.

(2)

Natural gas contracts are presented on a net basis in the Consolidated Balance Sheets. Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due and causes derivative assets (liabilities) to be ultimately presented net in a liability (asset) account within the Consolidated Balance Sheets. The net of total non-trading derivative assets and liabilities was a $111 million asset as shown on CenterPoint Energy’s Consolidated Balance Sheets (and as detailed in the table below), and was comprised of the natural gas contracts derivative assets and liabilities separately shown above offset by collateral netting of $64 million.


(3)	Derivative Assets and Derivative Liabilities include no material amounts related to physical forward transactions with Enable.



Offsetting of Natural Gas Derivative Assets and Liabilities
	December 31, 2014
	Gross Amounts Recognized (1)			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amount Presented in the Consolidated Balance Sheets (2)
	(in millions)
Current Assets: Non-trading derivative assets	$	115		$	(16	)	$	99
Other Assets: Non-trading derivative assets	34			(2		)	32
Current Liabilities: Non-trading derivative liabilities	(84		)	65			(19		)
Other Liabilities: Non-trading derivative liabilities	(18		)	17			(1		)
Total	$	47		$	64		$	111

________________


(1)	Gross amounts recognized include some derivative assets and liabilities that are not subject to master netting arrangements.


(2)	The derivative assets and liabilities on the Consolidated Balance Sheets exclude accounts receivable or accounts payable that, should they exist, could be used as offsets to these balances in the event of a default.



Fair Value of Derivative Instruments
	December 31, 2013
Total derivatives not designated as hedging instruments	Balance Sheet Location	Derivative Assets Fair Value		Derivative Liabilities Fair Value
		(in millions)
Natural gas derivatives (1) (2) (3)	Current Assets: Non-trading derivative assets	$	28	$	4
Natural gas derivatives (1) (2)	Other Assets: Non-trading derivative assets	10		—
Natural gas derivatives (1) (2)	Current Liabilities: Non-trading derivative liabilities	4		21
Natural gas derivatives (1) (2)	Other Liabilities: Non-trading derivative liabilities	1		5
Indexed debt securities derivative	Current Liabilities	—		455
Total		$	43	$	485


(1)	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 607 Bcf or a net 46 Bcf long position. Of the net long position, basis swaps constitute 99 Bcf.

(2)

Natural gas contracts are presented on a net basis in the Consolidated Balance Sheets. Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due and causes derivative assets (liabilities) to be ultimately presented net in a liability (asset) account within the Consolidated Balance Sheets. The net of total non-trading derivative assets and liabilities was a $13 million asset as shown on CenterPoint Energy’s Consolidated Balance Sheets (and as detailed in the table below), and was comprised of the natural gas contracts derivative assets and liabilities separately shown above, offset by collateral netting of less than $1 million.


(3)	The $28 million Derivative Current Asset includes $1 million related to physical forwards purchased from Enable.



Offsetting of Natural Gas Derivative Assets and Liabilities
	December 31, 2013
	Gross Amounts Recognized (1)			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amount Presented in the Consolidated Balance Sheets (2)
	(in millions)
Current Assets: Non-trading derivative assets	$	32		$	(8	)	$	24
Other Assets: Non-trading derivative assets	11			(1		)	10
Current Liabilities: Non-trading derivative liabilities	(25		)	8			(17		)
Other Liabilities: Non-trading derivative liabilities	(5		)	1			(4		)
Total	$	13		$	—		$	13

________________


(1)	Gross amounts recognized include some derivative assets and liabilities that are not subject to master netting arrangements.


(2)	The derivative assets and liabilities on the Consolidated Balance Sheets exclude accounts receivable or accounts payable that, should they exist, could be used as offsets to these balances in the event of a default.

For CenterPoint Energy’s price stabilization activities of the Natural Gas Distribution business segment, the settled costs of derivatives are ultimately recovered through purchased gas adjustments. Accordingly, the net unrealized gains and losses associated with these contracts are recorded as net regulatory assets. Realized and unrealized gains and losses on other derivatives are recognized in the Statements of Consolidated Income as revenue for retail sales derivative contracts and as natural gas expense for financial natural gas derivatives and non-retail related physical natural gas derivatives. Unrealized gains and losses on indexed debt securities are recorded as Other Income (Expense) in the Statements of Consolidated Income.



Income Statement Impact of Derivative Activity
		Year Ended December 31,
Total derivatives not designated as hedging instruments	Income Statement Location	2014			2013			2011
		(in millions)
Natural gas derivatives	Gains (Losses) in Revenue	$	35		$	11		$	43
Natural gas derivatives (1) (2)	Gains (Losses) in Expense: Natural Gas	11			10			(63		)
Indexed debt securities derivative	Gains (Losses) in Other Income (Expense)	(86		)	(193		)	(71		)
Total		$	(40	)	$	(172	)	$	(91	)


(1)	The Gains (Losses) in Expense: Natural Gas includes $2 million and $(2) million during the years ended December 31, 2014 and 2013, respectively, related to physical forwards purchased from Enable.


(2)	The Gains (Losses) in Expense: Natural Gas includes $-0-, $-0- and $(38) million of costs in 2014, 2013 and 2012, respectively, associated with price stabilization activities of the Natural Gas Distribution business segment that will be ultimately recovered through purchased gas adjustments.

CenterPoint Energy enters into financial derivative contracts containing material adverse change provisions. These provisions could require CenterPoint Energy to post additional collateral if the Standard & Poor’s Ratings Services or Moody’s Investors Service, Inc. credit ratings of CenterPoint Energy, Inc. or its subsidiaries are downgraded. The total fair value of the derivative instruments that contain credit risk contingent features that are in a net liability position at December 31, 2014 and 2013 was $2 million and $1 million, respectively. The aggregate fair value of assets that are already posted as collateral was less than $1 million at both December 31, 2014 and 2013. If all derivative contracts (in a net liability position) containing credit risk contingent features were triggered at December 31, 2014 and 2013, $2 million and $1 million, respectively, of additional assets would be required to be posted as collateral.

(d) Credit Quality of Counterparties

In addition to the risk associated with price movements, credit risk is also inherent in CenterPoint Energy’s non-trading derivative activities. Credit risk relates to the risk of loss resulting from non-performance of contractual obligations by a counterparty. The following table shows the composition of counterparties to the non-trading derivative assets of CenterPoint Energy as of December 31, 2014 and 2013 (in millions):



	December 31, 2014				December 31, 2013
	Investment Grade(1)		Total		Investment Grade(1)		Total
Energy marketers	$	2	$	4	$	1	$	4
Financial institutions	—		—		1		9
End users (2)	2		127		1		21
Total	$	4	$	131	$	3	$	34

(1)

“Investment grade” is primarily determined using publicly available credit ratings and considers credit support (including parent company guarantees) and collateral (including cash and standby letters of credit). For unrated counterparties, CenterPoint Energy determines a synthetic credit rating by performing financial statement analysis and considers contractual rights and restrictions and collateral.


(2)	End users are comprised primarily of customers who have contracted to fix the price of a portion of their physical gas requirements for future periods.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624181-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets and liabilities that are recorded at fair value in the Consolidated Balance Sheets are categorized based upon the level of judgment associated with the inputs used to measure their value. Hierarchical levels, as defined below and directly related to the amount of subjectivity associated with the inputs to fair valuations of these assets and liabilities, are as follows:

Level 1: Inputs are unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. The types of assets carried at Level 1 fair value generally are exchange-traded derivatives and equity securities.

Level 2: Inputs, other than quoted prices included in Level 1, are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability. Fair value assets and liabilities that are generally included in this category are derivatives with fair values based on inputs from actively quoted markets. A market approach is utilized to value CenterPoint Energy’s Level 2 assets or liabilities.

Level 3: Inputs are unobservable for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. Unobservable inputs reflect CenterPoint Energy’s judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. CenterPoint Energy develops these inputs based on the best information available, including CenterPoint Energy’s own data. A market approach is utilized to value CenterPoint Energy’s Level 3 assets or liabilities. At December 31, 2014, CenterPoint Energy’s Level 3 assets and liabilities are comprised of physical forward contracts and options. Level 3 physical forward contracts are valued using a discounted cash flow model which includes illiquid forward price curve locations (ranging from $1.60 to $4.23 per one million British thermal units (Btu)) as an unobservable input. Level 3 options are valued through Black-Scholes (including forward start) option models which include option volatilities (ranging from 0 to 88%) as an unobservable input. CenterPoint Energy’s Level 3 derivative assets and liabilities consist of both long and short positions (forwards and options) and their fair value is sensitive to forward prices and volatilities. If forward prices decrease, CenterPoint Energy’s long forwards lose value whereas its short forwards gain in value. If volatility decreases, CenterPoint Energy’s long options lose value whereas its short options gain in value.

CenterPoint Energy determines the appropriate level for each financial asset and liability on a quarterly basis and recognizes transfers between levels at the end of the reporting period. For the year ended December 31, 2014, there were no transfers between Level 1 and 2. CenterPoint Energy also recognizes purchases of Level 3 financial assets and liabilities at their fair market value at the end of the reporting period.

The following tables present information about CenterPoint Energy’s assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of December 31, 2014 and 2013, and indicate the fair value hierarchy of the valuation techniques utilized by CenterPoint Energy to determine such fair value.



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustments ⁽¹⁾			Balance at December 31, 2014
	(in millions)
Assets
Corporate equities	$	932	$	—	$	—	$	—		$	932
Investments, including money market funds	54		—		—		—			54
Natural gas derivatives (2)	7		122		20		(18		)	131
Total assets	$	993	$	122	$	20	$	(18	)	$	1,117
Liabilities
Indexed debt securities derivative	$	—	$	541	$	—	$	—		$	541
Natural gas derivatives (2)	22		77		3		(82		)	20
Total liabilities	$	22	$	618	$	3	$	(82	)	$	561


(1)	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of $64 million posted with the same counterparties.


(2)	Natural gas derivatives include no material amounts related to physical forward transactions with Enable.



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustments ⁽¹⁾			Balance at December 31, 2013
	(in millions)
Assets
Corporate equities	$	770	$	—	$	—	$	—		$	770
Investments, including money market funds	61		—		—		—			61
Natural gas derivatives (2)	5		33		5		(9		)	34
Total assets	$	836	$	33	$	5	$	(9	)	$	865
Liabilities
Indexed debt securities derivative	$	—	$	455	$	—	$	—		$	455
Natural gas derivatives	1		27		2		(9		)	21
Total liabilities	$	1	$	482	$	2	$	(9	)	$	476


(1)	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of less than $1 million posted with the same counterparties.


(2)	The (Level 2) Natural gas derivative assets of $33 million include $1 million related to physical forwards purchased from Enable.

The following tables present additional information about assets or liabilities, including derivatives that are measured at fair value on a recurring basis for which CenterPoint Energy has utilized Level 3 inputs to determine fair value:



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Derivative assets and liabilities, net
	Year Ended December 31,
	2014			2013			2012
	(in millions)
Beginning balance	$	3		$	2		$	6
Total gains	14			3			3
Total settlements	1			(3		)	(6		)
Transfers out of Level 3	—			—			(1		)
Transfers into Level 3	(1		)	1			—
Ending balance (1)	$	17		$	3		$	2
The amount of total gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	$	16		$	2		$	1


(1)	During 2014, 2013 and 2012, CenterPoint Energy did not have significant Level 3 purchases or sales.

Estimated Fair Value of Financial Instruments

The fair values of cash and cash equivalents, investments in debt and equity securities classified as “trading” and short-term borrowings are estimated to be approximately equivalent to carrying amounts and have been excluded from the table below. The carrying amounts of non-trading derivative assets and liabilities and CenterPoint Energy’s 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (ZENS) indexed debt securities derivative are stated at fair value and are excluded from the table below. The fair value of each debt instrument is determined by multiplying the principal amount of each debt instrument by the market price. These assets and liabilities, which are not measured at fair value in the Condensed Consolidated Balance Sheets but for which the fair value is disclosed, would be classified as Level 1 or Level 2 in the fair value hierarchy.



	December 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(in millions)
Financial assets:
Notes receivable - affiliated companies	$	363	$	362	$	363	$	363
Financial liabilities:
Long-term debt	$	8,652	$	9,427	$	8,171	$	8,670

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Unconsolidated Affiliates (Notes)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Unconsolidated Affiliates

On May 1, 2013 (the Closing Date) CERC Corp., OGE Energy Corp. (OGE) and ArcLight Capital Partners, LLC (ArcLight) closed on the formation of Enable, and CenterPoint Energy recorded an equity method investment in Enable at the historical cost of the contributed net assets. See Note 2 for further information on the formation of Enable.

CenterPoint Energy’s maximum exposure to loss related to Enable, a VIE in which CenterPoint Energy is not the primary beneficiary, is limited to its equity investment as presented in the Consolidated Balance Sheet at December 31, 2014, CERC Corp.’s guarantee of collection of Enable’s $1.1 billion senior notes due 2019 and 2024 (Guaranteed Senior Notes) and other guarantees discussed in Note 14, CERC Corp.’s $363 million notes receivable from Enable and outstanding current accounts receivable from Enable. The $363 million of notes receivable from Enable bears interest at an annual rate of 2.10% to 2.45% and matures in 2017. CenterPoint Energy recorded interest income of $8 million and $5 million during the year ended December 31, 2014 and 2013, respectively, for interest earned on or after the Closing Date and had interest receivable from Enable of $4 million as of both December 31, 2014 and 2013 on its notes receivable from Enable.

Effective on the Closing Date, CenterPoint Energy and Enable entered into a Services Agreement, Employee Transition Agreement, Transitional Services Agreement and other agreements (collectively, Transition Agreements) whereby CenterPoint Energy agreed to provide certain support services to Enable such as accounting, legal, risk management and treasury functions for an initial term ending on April 30, 2016. Effective April 1, 2014, Enable’s general partner, CenterPoint Energy and OGE agreed to reduce certain governance related costs billed to Enable for transition services. Effective December 31, 2014, Enable’s general partner, CenterPoint Energy and OGE agreed to terminate certain support services provided by CenterPoint Energy to Enable. CenterPoint Energy expects to terminate all remaining support services by April 2016.

CenterPoint Energy billed Enable for reimbursement of transitional services, including the costs of seconded employees, $163 million and $119 million during the years ended December 31, 2014 and 2013, respectively, under the Transition Agreements for transition services incurred on or after the Closing Date. Actual transitional services costs are recorded net of reimbursements received from Enable. CenterPoint Energy had accounts receivable from Enable of $28 million and $21 million as of December 31, 2014 and 2013, respectively, for amounts billed for transitional services, including the cost of seconded employees.

CenterPoint Energy provided seconded employees to Enable to support its operations for a term ending on December 31, 2014. Enable, at its discretion, had the right to select and offer employment to seconded employees from CenterPoint Energy. During the fourth quarter of 2014, Enable notified CenterPoint Energy that it selected seconded employees and provided employment offers to substantially all of the seconded employees from CenterPoint Energy. Substantially all of the seconded employees became employees of Enable effective January 1, 2015. See Note 6 for additional information.

On April 16, 2014, Enable completed its initial public offering (IPO) of 28,750,000 common units, at a price of $20.00 per unit, which included 3,750,000 common units sold by ArcLight pursuant to an over-allotment option that was fully exercised by the underwriters. Enable received $464 million in net proceeds from the sale of the units, after deducting underwriting fees, structuring fees and other offering costs. In connection with Enable’s IPO, a portion of CenterPoint Energy’s common units were converted into subordinated units, as discussed further below. Subsequent to the IPO, Enable continues to be controlled jointly by CenterPoint Energy and OGE.

As a result of Enable’s IPO, CenterPoint Energy’s limited partner interest in Enable was reduced from approximately 58.3% to approximately 54.7%. CenterPoint Energy accounted for the dilution of its investment in Enable as a result of Enable’s IPO as a failed partial sale of in-substance real estate. CenterPoint Energy did not receive any cash from Enable’s IPO and, as such, CenterPoint Energy did not recognize a gain or loss. CenterPoint Energy’s basis difference in Enable was reduced for the impact of the Enable IPO.

In accordance with the Enable formation agreements, CenterPoint Energy had certain put rights, and Enable had certain call rights, exercisable with respect to the 25.05% interest in Southeast Supply Header, LLC (SESH) retained by CenterPoint Energy on the Closing Date, under which CenterPoint Energy would contribute its retained interest in SESH, in exchange for a specified number of limited partner common units in Enable and a cash payment, payable either from CenterPoint Energy to Enable or from Enable to CenterPoint Energy, to the extent of changes in the value of SESH subject to certain restrictions. Specifically, the rights were and are exercisable with respect to (1) a 24.95% interest in SESH (24.95% Put), which closed on May 30, 2014 as discussed below and (2) a 0.1% interest in SESH, which may be exercised no earlier than June 2015 for 25,341 common units in Enable.

On May 30, 2014, CenterPoint Energy closed its 24.95% Put and contributed to Enable its 24.95% interest in SESH in exchange for 6,322,457 common units of Enable, which increased CenterPoint Energy’s limited partner interest in Enable from approximately 54.7% to approximately 55.4%. No cash payment was required to be made pursuant to the Enable formation agreements in connection with CenterPoint Energy’s exercise of the 24.95% Put. CenterPoint Energy accounted for the contribution of its 24.95% interest in SESH to Enable in exchange for common units of Enable as a non-monetary transaction of in-substance real estate equity method investments. As such, CenterPoint Energy recorded the 6,322,457 common units at the historical cost of the contributed 24.95% interest in SESH of $196 million and recorded no gain or loss in connection with its exercise of the 24.95% Put. As a result, CenterPoint Energy’s basis difference in Enable was reduced for the impact of its exercise of the 24.95% Put.

CenterPoint Energy incurred natural gas expenses, including transportation and storage costs, of $130 million and $123 million during the year ended December 31, 2014 and 2013, respectively, for transactions with Enable occurring on or after the Closing Date. CenterPoint Energy had accounts payable to Enable of $23 million and $22 million at December 31, 2014 and 2013, respectively, from such transactions.

As of December 31, 2014, CenterPoint Energy held an approximate 55.4% limited partner interest in Enable consisting of 94,126,366 common units and 139,704,916 subordinated units and a 0.1% interest in SESH. The principal difference between Enable common units and subordinated units is that in any quarter during the subordination period, holders of the subordinated units are not entitled to receive any distribution of available cash until the common units have received the minimum quarterly distribution plus any arrearages in the payment of the minimum quarterly distribution from prior quarters. If Enable does not pay distributions on its subordinated units, the subordinated units will not accrue arrearages for those unpaid distributions. At the end of the subordination period, CenterPoint Energy’s subordinated units in Enable will be converted to common units in Enable on a one-for-one basis.

CenterPoint Energy evaluates its equity method investments for impairment when factors indicate that a decrease in value of its investment has occurred and the carrying amount of its investment may not be recoverable. An impairment loss is recognized in earnings when an impairment is deemed to be other than temporary. The carrying value of CenterPoint Energy’s investment in Enable is $19.33 per unit. As of December 31, 2014, Enable’s common unit price closed at $19.39 (approximately $14 million above carrying value). The lowest close price for Enable’s common units in January 2015 was $17.34 (approximately $465 million below carrying value). CenterPoint Energy performed an analysis of its investment in Enable as of December 31, 2014. Based on that analysis, CenterPoint Energy believes that the decline in the value of its investment is temporary, and that CenterPoint Energy will recover the value of its investment of $4.5 billion.

Investment in Unconsolidated Affiliates:



	Year Ended December 31,
	2014		2013
	(in millions)
Enable	$	4,520	$	4,319
SESH (1)	1		199
Total	$	4,521	$	4,518


(1)	On May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.

Equity in Earnings of Unconsolidated Affiliates, net:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Enable (1)	$	303	$	173	$	—
SESH (2)	5		15		26
Waskom (3)	—		—		5
Total	$	308	$	188	$	31


(1)	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.


(2)	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.


(3)	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.

Summarized consolidated income information for Enable is as follows:



	Year Ended December 31,
	2014		2013 (1)
	(in millions)
Operating revenues	$	3,367	$	2,123
Cost of sales, excluding depreciation and amortization	1,914		1,241
Operating income	586		322
Net income attributable to Enable	530		289

CenterPoint Energy’s approximate interest	$	298	$	168
Basis difference accretion	5		5
CenterPoint Energy’s equity in earnings, net	$	303	$	173


(1)	The amounts included in this column represent the eight month period from formation of Enable on May 1, 2013 through December 31, 2013.

Summarized consolidated balance sheet information for Enable is as follows:



	December 31,
	2014			2013
	(in millions)
Current assets	$	438		$	549
Non-current assets	11,399			10,683
Current liabilities	671			720
Non-current liabilities	2,343			2,331
Non-controlling interest	31			33
Enable partners’ capital	8,792			8,148

CenterPoint Energy’s ownership interest in Enable’s partner capital	$	4,869		$	4,753

CenterPoint Energy’s basis difference attributable to goodwill (1)	(217		)	(229		)
CenterPoint Energy’s accretable basis difference (2)	(132		)	(205		)
CenterPoint Energy’s total basis difference	(349		)	(434		)

CenterPoint Energy’s investment in Enable	$	4,520		$	4,319


(1)	The difference relates to CenterPoint Energy’s proportionate share of Enable’s goodwill arising from its acquisition of Enogex, and therefore will be recognized by CenterPoint Energy upon dilution or disposition of its interest in Enable.


(2)	The difference will be recognized by CenterPoint Energy over 30 years beginning May 1, 2013. CenterPoint Energy will also adjust the accretable basis difference for dilution or disposition of its interest in Enable.

Enable concluded that the formation of Enable is considered a business combination, and CenterPoint Midstream is the acquirer for accounting purposes. Under this method, the fair value of the consideration paid by CenterPoint Midstream for Enogex was allocated to the assets acquired and liabilities assumed on the Closing Date based on their fair value. Enogex’s assets, liabilities and equity were accordingly adjusted to estimated fair value as of May 1, 2013. Determining the fair value of assets and liabilities is judgmental in nature and involves the use of significant estimates and assumptions. Enable used appraisers to assist in the determination of the estimated fair value of certain assets and liabilities contributed by Enogex.

Distributions Received from Unconsolidated Affiliates:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Enable (1)	$	298	$	106	$	—
SESH (2)	7		23		32
Waskom (3)	—		—		7
Total	$	305	$	129	$	39


(1)	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.


(2)	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.


(3)	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.

Indexed Debt Securities (ZENS) and Securities Related to ZENS Indexed Debt Securities (ZENS) and Securities Related to ZENS (Notes)

12 Months Ended

Dec. 31, 2014

Indexed Debt Securities [Abstract]

Indexed Debt Securities Text Block

Indexed Debt Securities (ZENS) and Securities Related to ZENS

(a) Investment in Securities Related to ZENS

In 1995, CenterPoint Energy sold a cable television subsidiary to Time Warner, Inc. (TW) and received TW securities as partial consideration. A subsidiary of CenterPoint Energy now holds 7.1 million shares of TW common stock (TW Common), 1.8 million shares of Time Warner Cable Inc. (TWC) common stock (TWC Common), 0.6 million shares of AOL, Inc. (AOL) common stock (AOL Common) and 0.9 million shares of Time Inc. common stock (Time Common) (together with the TW Common, TWC Common and AOL Common, the TW Securities) which are classified as trading securities and are expected to be held to facilitate CenterPoint Energy’s ability to meet its obligation under the ZENS. Unrealized gains and losses resulting from changes in the market value of the TW Securities are recorded in CenterPoint Energy’s Statements of Consolidated Income.

(b) ZENS

In September 1999, CenterPoint Energy issued ZENS having an original principal amount of $1 billion of which $828 million remain outstanding at December 31, 2014. Each ZENS note was originally exchangeable at the holder’s option at any time for an amount of cash equal to 95% of the market value of the reference shares of TW Common attributable to such note. The number and identity of the reference shares attributable to each ZENS note are adjusted for certain corporate events. As of December 31, 2014, the reference shares for each ZENS note consisted of 0.5 share of TW Common, 0.125505 share of TWC Common and 0.045455 share of AOL Common and 0.0625 share of Time Common. On February 13, 2014, TWC announced that it had agreed to merge with Comcast Corporation (Comcast). In the merger, each share of TWC Common would be exchanged for 2.875 shares of Comcast common stock (Comcast Common). Upon the closing of the merger (assuming no change in the merger consideration), the reference shares for each ZENS note would include 0.360827 share of Comcast Common in place of the current 0.125505 share of TWC Common. CenterPoint Energy pays interest on the ZENS at an annual rate of 2% plus the amount of any quarterly cash dividends paid in respect of the reference shares attributable to the ZENS. The principal amount of ZENS is subject to being increased or decreased to the extent that the annual yield from interest and cash dividends on the reference shares is less than or more than 2.309%. The adjusted principal amount is defined in the ZENS instrument as “contingent principal.” At December 31, 2014, ZENS having an original principal amount of $828 million and a contingent principal amount of $751 million were outstanding and were exchangeable, at the option of the holders, for cash equal to 95% of the market value of reference shares deemed to be attributable to the ZENS. At December 31, 2014, the market value of such shares was approximately $930 million, which would provide an exchange amount of $1,067 for each $1,000 original principal amount of ZENS. At maturity of the ZENS in 2029, CenterPoint Energy will be obligated to pay in cash the higher of the contingent principal amount of the ZENS or an amount based on the then-current market value of the reference shares, which will include any additional publicly-traded securities distributed with respect to the current reference shares prior to maturity.

The ZENS obligation is bifurcated into a debt component and a derivative component (the holder’s option to receive the appreciated value of the reference shares at maturity). The bifurcated debt component accretes through interest charges at 17.3% annually up to the contingent principal amount of the ZENS in 2029. Such accretion will be reduced by annual cash interest payments, as described above. The derivative component is recorded at fair value and changes in the fair value of the derivative component are recorded in CenterPoint Energy’s Statements of Consolidated Income. Changes in the fair value of the TW Securities held by CenterPoint Energy are expected to substantially offset changes in the fair value of the derivative component of the ZENS.

The following table sets forth summarized financial information regarding CenterPoint Energy’s investment in TW Securities and each component of CenterPoint Energy’s ZENS obligation (in millions).



	TW Securities			Debt Component of ZENS			Derivative Component of ZENS
Balance at December 31, 2011	$	386		$	131		$	197
Accretion of debt component of ZENS	—			24			—
2% interest paid	—			(17		)	—
Loss on indexed debt securities	—			—			71
Gain on TW Securities	154			—			—
Balance at December 31, 2012	540			138			268
Accretion of debt component of ZENS	—			24			—
2% interest paid	—			(17		)	—
Sale of TW Securities	(9		)	—			—
Redemption of indexed debt securities	—			(2		)	(6		)
Loss on indexed debt securities	—			—			193
Gain on TW Securities	236			—			—
Balance at December 31, 2013	767			143			455
Accretion of debt component of ZENS	—			26			—
2% interest paid	—			(17		)	—
Loss on indexed debt securities	—			—			86
Gain on TW Securities	163			—			—
Balance at December 31, 2014	$	930		$	152		$	541

Equity	12 Months Ended
Equity	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Equity	Equity Capital Stock CenterPoint Energy has 1,020,000,000 authorized shares of capital stock, comprised of 1,000,000,000 shares of $0.01 par value common stock and 20,000,000 shares of $0.01 par value cumulative preferred stock. Dividends Declared CenterPoint Energy declared dividends per share of $0.95, $0.83 and $0.81, respectively, during the years ended December 31, 2014, 2013 and 2012. Undistributed Retained Earnings As of December 31, 2014 and 2013, CenterPoint Energy’s consolidated retained earnings balance includes undistributed earnings from Enable of $71 million and $67 million, respectively.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Short Term Borrowings and Long Term Debt

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Short-term Borrowings and Long-term Debt



	December 31, 2014					December 31, 2013
	Long-Term			Current(1)		Long-Term			Current(1)
	(in millions)
Short-term borrowings:
Inventory financing	$	—		$	53	$	—		$	43
Total short-term borrowings	—			53		—			43
Long-term debt:
CenterPoint Energy:
ZENS (2)	—			152		—			143
Senior notes 5.95% to 6.85% due 2015 to 2018	550			200		750			—
Pollution control bonds 4.90% to 5.125% due 2015 to 2028 (3)	118			69		187			—
Commercial paper (4)	191			—		—			—
Other	2			2		—			—
CenterPoint Houston:
First mortgage bonds 9.15% due 2021	102			—		102			—
General mortgage bonds 2.25% to 6.95% due 2022 to 2044	1,912			—		1,312			—
Pollution control bonds 4.25% to 5.60% due 2017 to 2027	—			—		183			—
System restoration bonds 1.833% to 4.243% due 2015 to 2022	415			48		463			47
Transition bonds 0.90% to 5.302% due 2015 to 2024	2,259			324		2,583			307
Other	1			—		—			—
CERC Corp.:
Senior notes 4.50% to 6.625% due 2016 to 2041	2,168			—		2,168			—
Commercial paper (4)	341			—		118			—
Other	—			—		1			—
Unamortized discount and premium, net	(50		)	—		(50		)	—
Total long-term debt	8,009			795		7,817			497
Total debt	$	8,009		$	848	$	7,817		$	540


(1)	Includes amounts due or exchangeable within one year of the date noted.


(2)	CenterPoint Energy’s ZENS obligation is bifurcated into a debt component and an embedded derivative component. For additional information regarding ZENS, see Note 10(b). As ZENS are exchangeable for cash at any time at the option of the holders, these notes are classified as a current portion of long-term debt.


(3)	$118 million of these series of debt were secured by general mortgage bonds of CenterPoint Houston at both December 31, 2014 and 2013.


(4)	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.

(a) Short-term Borrowings

Inventory Financing. NGD has asset management agreements associated with its utility distribution service in Arkansas, north Louisiana and Oklahoma that extend through 2018. Pursuant to the provisions of the agreements, NGD sells natural gas and agrees to repurchase an equivalent amount of natural gas during the winter heating seasons at the same cost, plus a financing charge. These transactions are accounted for as a financing and they had an associated principal obligation of $53 million and $43 million as of December 31, 2014 and 2013, respectively.

(b) Long-term Debt

On March 17, 2014, CenterPoint Energy Houston Electric, LLC issued $600 million principal amount of 4.50% General Mortgage Bonds due 2044.

Debt Repayments. Approximately $44 million aggregate principal amount of pollution control bonds issued on behalf of CenterPoint Houston were redeemed on March 3, 2014 at 101% of their principal amount plus accrued interest. The bonds had an interest rate of 4.25%, were scheduled to mature in 2017 and were collateralized by general mortgage bonds of CenterPoint Houston.

Approximately $56 million aggregate principal amount of pollution control bonds issued on behalf of CenterPoint Houston were purchased by CenterPoint Houston on March 3, 2014 at 101% of their principal amount plus accrued interest pursuant to the mandatory tender provisions of the bonds. The bonds had an interest rate of 5.60% prior to CenterPoint Houston’s purchase and have a variable rate thereafter. The bonds mature in 2027 and are collateralized by general mortgage bonds of CenterPoint Houston. The purchased pollution control bonds may be remarketed.

Approximately $84 million aggregate principal amount of pollution control bonds issued on behalf of CenterPoint Houston were redeemed on June 2, 2014 at 100% of their principal amount plus accrued interest. The bonds had an interest rate of 4.25%, were scheduled to mature in 2017 and were collateralized by general mortgage bonds of CenterPoint Houston.

Transition and System Restoration Bonds. As of December 31, 2014, CenterPoint Houston had special purpose subsidiaries consisting of transition and system restoration bond companies, which it consolidates. The consolidated special purpose subsidiaries are wholly owned bankruptcy remote entities that were formed solely for the purpose of purchasing and owning transition or system restoration property through the issuance of transition bonds or system restoration bonds and activities incidental thereto. These transition bonds and system restoration bonds are payable only through the imposition and collection of “transition” or “system restoration” charges, as defined in the Texas Public Utility Regulatory Act, which are irrevocable, non-bypassable charges payable by most of CenterPoint Houston’s retail electric customers in order to provide recovery of authorized qualified costs. CenterPoint Houston has no payment obligations in respect of the transition and system restoration bonds other than to remit the applicable transition or system restoration charges it collects. Each special purpose entity is the sole owner of the right to impose, collect and receive the applicable transition or system restoration charges securing the bonds issued by that entity. Creditors of CenterPoint Energy or CenterPoint Houston have no recourse to any assets or revenues of the transition and system restoration bond companies (including the transition and system restoration charges), and the holders of transition bonds or system restoration bonds have no recourse to the assets or revenues of CenterPoint Energy or CenterPoint Houston.

Credit Facilities. As of December 31, 2014 and 2013, CenterPoint Energy, CenterPoint Houston and CERC Corp. had the following revolving credit facilities and utilization of such facilities (in millions):



			December 31, 2014						December 31, 2013
	Size of Facility		Loans		Letters of Credit		Commercial Paper		Loans		Letters of Credit		Commercial Paper
CenterPoint Energy	$	1,200	$	—	$	6	$	191	$	—	$	6	$	—
CenterPoint Houston	300		—		4		—		—		4		—
CERC Corp.	600		—		—		341		—		—		118
Total	$	2,100	$	—	$	10	$	532	$	—	$	10	$	118

CenterPoint Energy’s $1.2 billion revolving credit facility, which is scheduled to terminate on September 9, 2019, can be drawn at the London Interbank Offered Rate (LIBOR) plus 1.25% based on CenterPoint Energy’s current credit ratings. The revolving credit facility contains a financial covenant which limits CenterPoint Energy’s consolidated debt (excluding transition and system restoration bonds) to an amount not to exceed 65% of CenterPoint Energy’s consolidated capitalization. The financial covenant limit will temporarily increase from 65% to 70% if CenterPoint Houston experiences damage from a natural disaster in its service territory and CenterPoint Energy certifies to the administrative agent that CenterPoint Houston has incurred system restoration costs reasonably likely to exceed $100 million in a consecutive twelve-month period, all or part of which CenterPoint Houston intends to seek to recover through securitization financing. Such temporary increase in the financial covenant would be in effect from the date CenterPoint Energy delivers its certification until the earliest to occur of (i) the completion of the securitization financing, (ii) the first anniversary of CenterPoint Energy’s certification or (iii) the revocation of such certification.

CenterPoint Houston’s $300 million revolving credit facility, which is scheduled to terminate on September 9, 2019, can be drawn at LIBOR plus 1.125% based on CenterPoint Houston’s current credit ratings. The revolving credit facility contains a financial covenant which limits CenterPoint Houston’s consolidated debt (excluding transition and system restoration bonds) to an amount not to exceed 65% of CenterPoint Houston’s consolidated capitalization.

CERC Corp.’s $600 million revolving credit facility, which is scheduled to terminate on September 9, 2019, can be drawn at LIBOR plus 1.50% based on CERC Corp.’s current credit ratings. The revolving credit facility contains a financial covenant which limits CERC’s consolidated debt to an amount not to exceed 65% of CERC’s consolidated capitalization.

CenterPoint Energy, CenterPoint Houston and CERC Corp. were in compliance with all financial debt covenants as of December 31, 2014.

Maturities. CenterPoint Energy’s maturities of long-term debt, capital leases and sinking fund requirements, excluding the ZENS obligation, are $641 million in 2015, $716 million in 2016, $911 million in 2017, $1.1 billion in 2018 and $1.0 billion in 2019. These maturities include transition and system restoration bond principal repayments on scheduled payment dates aggregating $372 million in 2015, $391 million in 2016, $411 million in 2017, $434 million in 2018 and $458 million in 2019.

Liens. As of December 31, 2014, CenterPoint Houston’s assets were subject to liens securing approximately $102 million of first mortgage bonds. Sinking or improvement fund and replacement fund requirements on the first mortgage bonds may be satisfied by certification of property additions. Sinking fund and replacement fund requirements for 2014, 2013 and 2012 have been satisfied by certification of property additions. The replacement fund requirement to be satisfied in 2015 is approximately $209 million, and the sinking fund requirement to be satisfied in 2015 is approximately $1.6 million. CenterPoint Energy expects CenterPoint Houston to meet these 2015 obligations by certification of property additions. As of December 31, 2014, CenterPoint Houston’s assets were also subject to liens securing approximately $2.4 billion of general mortgage bonds which are junior to the liens of the first mortgage bonds.

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

The components of CenterPoint Energy’s income tax expense were as follows:



	Year Ended December 31,
	2014			2013			2012
	(in millions)
Current income tax expense (benefit):
Federal	$	(20	)	$	91		$	—
State	14			23			12
Total current expense (benefit)	(6		)	114			12
Deferred income tax expense (benefit):
Federal	273			370			280
State	7			(14		)	48
Total deferred expense	280			356			328
Total income tax expense	$	274		$	470		$	340

A reconciliation of income tax expense using the federal statutory income tax rate to the actual income tax expense and resulting effective income tax rate is as follows:



	Year Ended December 31,
	2014			2013			2012
	(in millions)
Income before income taxes	$	885		$	781		$	757
Federal statutory income tax rate	35.0		%	35.0		%	35.0		%
Expected federal income tax expense	310			273			265
Increase (decrease) in tax expense resulting from:
State income tax expense, net of federal income tax	16			21			39
Amortization of investment tax credit	—			—			(2		)
Tax effect related to the formation of Enable	—			196			—
Decrease in settled and uncertain income tax positions	—			(9		)	(33		)
Goodwill impairment	—			—			88
Tax basis balance sheet adjustments	(29		)	—			—
Other, net	(23		)	(11		)	(17		)
Total	(36		)	197			75
Total income tax expense	$	274		$	470		$	340
Effective tax rate	31.0		%	60.2		%	44.9		%

In 2014, CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review. The adjustment resulted in a decrease to deferred tax liabilities of $32 million, a decrease to income taxes payable of $5 million and a decrease to income tax regulatory assets of $8 million. CenterPoint Energy determined the impact of the $29 million adjustment was not material to any prior period or the year ended December 31, 2014.

In 2013, CenterPoint Energy recorded a deferred tax expense of $225 million at the formation of Enable related to the book-to-tax basis difference for contributed non-tax deductible goodwill and recognized a tax benefit of $29 million associated with the remeasurement of state deferred taxes at formation. In addition, CenterPoint Energy recognized a tax benefit of $8 million based on the settlement with the Internal Revenue Service (IRS) of outstanding tax claims for the 2002 and 2003 tax years.

In 2012, CenterPoint Energy recorded a non-tax deductible impairment of goodwill of $252 million ($88 million tax effect) and a net decrease in income tax expense of $33 million related to favorable audit settlements.

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities were as follows:



	December 31,
	2014			2013
	(in millions)
Deferred tax assets:
Current:
Allowance for doubtful accounts	$	10		$	11
Deferred gas costs	—			7
Other	13			12
Total current deferred tax assets	23			30
Non-current:
Loss and credit carryforwards	69			51
Employee benefits	327			258
Other	89			76
Total non-current deferred tax assets before valuation allowance	485			385
Valuation allowance	(2		)	(2		)
Total non-current deferred tax assets, net of valuation allowance	483			383
Total deferred tax assets, net of valuation allowance	506			413
Deferred tax liabilities:
Current:
Unrealized gain on indexed debt securities	636			541
Unrealized gain on TW securities	65			97
Deferred gas costs	6			—
Total current deferred tax liabilities	707			638
Non-current:
Depreciation	2,201			1,908
Regulatory assets, net	1,228			1,308
Investment in unconsolidated affiliates	1,789			1,590
Other	21			119
Total non-current deferred tax liabilities	5,239			4,925
Total deferred tax liabilities	5,946			5,563
Accumulated deferred income taxes, net	$	5,440		$	5,150

Tax Attribute Carryforwards and Valuation Allowance. CenterPoint Energy has $9 million of federal capital loss carryforwards which expire in 2018, $725 million of state net operating loss carryforwards which expire between 2015 and 2034, $4 million of state tax credits which do not expire, and $244 million of state capital loss carryforwards which expire in 2017 for which management established a full valuation allowance of $2 million net of federal tax. The valuation allowance was established based upon management’s evaluation that loss carryforwards may not be fully realized.

Uncertain Income Tax Positions. The following table reconciles the beginning and ending balance of CenterPoint Energy’s unrecognized tax benefits (expenses):



	December 31,
	2014		2013			2012
	(in millions)
Balance, beginning of year	$	—	$	(23	)	$	51
Tax Positions related to prior years:
Reductions	—		(1		)	(75		)
Tax Positions related to current year:
Settlements	—		24			1
Balance, end of year	$	—	$	—		$	(23	)

CenterPoint Energy reported no uncertain tax liability as of December 31, 2014 and expects no significant change to the uncertain tax liability over the next twelve months ending December 31, 2015 to have a material impact on financial position, results of operations and cash flows.

CenterPoint Energy recognizes interest and penalties as a component of income tax expense. CenterPoint Energy recognized $3 million of income tax expense, $3 million of income tax benefit and $7 million of income tax benefit related to interest on income tax positions during 2014, 2013 and 2012, respectively. CenterPoint Energy had $5 million of interest receivable on income tax positions accrued at December 31, 2013.

Tax Audits and Settlements. Tax years through 2011 have been audited and settled with the IRS. The consolidated federal income tax returns for the years 2012 and 2013 are currently under audit by the IRS. For 2014, CenterPoint Energy is a participant in the IRS’s Compliance Assurance Process. CenterPoint Energy has considered the effects of these examinations in its accrual for settled issues and liability for uncertain income tax positions as of December 31, 2014.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(a) Natural Gas Supply Commitments

Natural gas supply commitments include natural gas contracts related to CenterPoint Energy’s Natural Gas Distribution and Energy Services business segments, which have various quantity requirements and durations, that are not classified as non-trading derivative assets and liabilities in CenterPoint Energy’s Consolidated Balance Sheets as of December 31, 2014 and 2013 as these contracts meet an exception as “normal purchases contracts” or do not meet the definition of a derivative. Natural gas supply commitments also include natural gas transportation contracts that do not meet the definition of a derivative. As of December 31, 2014, minimum payment obligations for natural gas supply commitments are approximately $696 million in 2015, $605 million in 2016, $551 million in 2017, $507 million in 2018, $255 million in 2019 and $114 million after 2019.

(b) Asset Management Agreements

NGD has asset management agreements (AMAs) associated with its utility distribution service in Arkansas, Louisiana, Mississippi, Oklahoma and Texas. Generally, these AMAs are contracts between NGD and an asset manager that are intended to transfer the working capital obligation and maximize the utilization of the assets. In these AMAs, NGD agreed to release transportation and storage capacity to other parties to manage gas storage, supply and delivery arrangements for NGD and to use the released capacity for other purposes when it is not needed for NGD. NGD is compensated by the asset manager through payments made over the life of the AMAs based in part on the results of the asset optimization. NGD has an obligation to purchase its winter storage requirements that have been released to the asset manager under these AMAs. The AMAs have varying terms, the longest of which expires in 2018.

The following table sets forth information concerning CenterPoint Energy’s obligations under non-cancelable long-term operating leases at December 31, 2014, which primarily consist of rental agreements for building space, data processing equipment, compression equipment and rights of way (in millions):



2015	$	5
2016	4
2017	3
2018	2
2019	2
2020 and beyond	7
Total	$	23

Total lease expense for all operating leases was $11 million, $21 million and $27 million during 2014, 2013 and 2012, respectively.

(d) Legal, Environmental and Other Regulatory Matters

Legal Matters

Gas Market Manipulation Cases. CenterPoint Energy, CenterPoint Houston or their predecessor, Reliant Energy, Incorporated (Reliant Energy), and certain of their former subsidiaries have been named as defendants in certain lawsuits described below. Under a master separation agreement between CenterPoint Energy and a former subsidiary, Reliant Resources, Inc. (RRI), CenterPoint Energy and its subsidiaries are entitled to be indemnified by RRI and its successors for any losses, including certain attorneys’ fees and other costs, arising out of these lawsuits. In May 2009, RRI sold its Texas retail business to a subsidiary of NRG and RRI changed its name to RRI Energy, Inc. In December 2010, Mirant Corporation merged with and became a wholly owned subsidiary of RRI, and RRI changed its name to GenOn Energy, Inc. (GenOn). In December 2012, NRG acquired GenOn through a merger in which GenOn became a wholly owned subsidiary of NRG. None of the sale of the retail business, the merger with Mirant Corporation, or the acquisition of GenOn by NRG alters RRI’s (now GenOn’s) contractual obligations to indemnify CenterPoint Energy and its subsidiaries, including CenterPoint Houston, for certain liabilities, including their indemnification obligations regarding the gas market manipulation litigation, nor does it affect the terms of existing guarantee arrangements for certain GenOn gas transportation contracts discussed below.

A large number of lawsuits were filed against numerous gas market participants in a number of federal and western state courts in connection with the operation of the natural gas markets in 2000-2002. CenterPoint Energy and its affiliates have since been released or dismissed from all but one such case. CenterPoint Energy Services, Inc. (CES), a subsidiary of CERC Corp., is a defendant in a case now pending in federal court in Nevada alleging a conspiracy to inflate Wisconsin natural gas prices in 2000-2002. In July 2011, the court issued an order dismissing the plaintiffs’ claims against other defendants in the case, each of whom had demonstrated Federal Energy Regulatory Commission jurisdictional sales for resale during the relevant period, based on federal preemption, and stayed the remainder of the case pending outcome of the appeals. The plaintiffs appealed this ruling to the United States Court of Appeals for the Ninth Circuit, which reversed the trial court’s dismissal of the plaintiffs’ claims. In August 2013, the other defendants filed a petition for review with the U.S. Supreme Court, which the court granted on July 1, 2014. Four amicus briefs favorable to our co-defendants were filed by the United States, Interstate Natural Gas Association of America, et. al., Washington Legal Foundation and Noble America Corporation, et. al. The Supreme Court heard arguments on January 12, 2015, and a ruling is expected by summer 2015. CenterPoint Energy believes that CES is not a proper defendant in this case and will continue to pursue a dismissal. CenterPoint Energy does not expect the ultimate outcome of this matter to have a material adverse effect on its financial condition, results of operations or cash flows.

Environmental Matters

Manufactured Gas Plant Sites. CERC and its predecessors operated manufactured gas plants (MGPs) in the past. There are seven MGP sites in CERC’s Minnesota service territory. CERC believes it never owned or operated, and therefore has no liability with respect to, two of these sites. With respect to two other sites, CERC has completed state ordered remediation, other than ongoing monitoring and water treatment.

At December 31, 2014, CERC had recorded a liability of $7 million for remediation of these Minnesota sites. The estimated range of possible remediation costs for the sites for which CERC believes it may have responsibility was $5 million to $29 million based on remediation continuing for 30 to 50 years. The cost estimates are based on studies of a site or industry average costs for remediation of sites of similar size. The actual remediation costs will be dependent upon the number of sites to be remediated, the participation of other potentially responsible parties (PRPs), if any, and the remediation methods used. As of December 31, 2014, CERC had collected $4 million from insurance companies to be used for future environmental remediation.

In addition to the Minnesota sites, the United States Environmental Protection Agency and other regulators have investigated MGP sites that were owned or operated by CERC or may have been owned by one of its former affiliates. CERC and CenterPoint Energy do not expect the ultimate outcome of these investigations to have a material adverse effect on the financial condition, results of operations or cash flows of either CenterPoint Energy or CERC.

Asbestos. Some facilities owned by CenterPoint Energy contain or have contained asbestos insulation and other asbestos-containing materials. CenterPoint Energy or its subsidiaries have been named, along with numerous others, as a defendant in lawsuits filed by a number of individuals who claim injury due to exposure to asbestos. Some of the claimants have worked at locations owned by subsidiaries of CenterPoint Energy, but most existing claims relate to facilities previously owned by CenterPoint Energy’s subsidiaries, some of which are currently owned by an affiliate of NRG. In 2004 and early 2005, CenterPoint Energy sold its generating business, to which most of these claims relate, to a company which is now an affiliate of NRG. Under the terms of the arrangements regarding separation of the generating business from CenterPoint Energy and its sale of that business, ultimate financial responsibility for uninsured losses from claims relating to the generating business has been assumed by the NRG affiliate, but CenterPoint Energy has agreed to continue to defend such claims to the extent they are covered by insurance maintained by CenterPoint Energy, subject to reimbursement of the costs of such defense by the NRG affiliate. CenterPoint Energy anticipates that additional claims like those received may be asserted in the future. Although their ultimate outcome cannot be predicted at this time, CenterPoint Energy intends to continue vigorously contesting claims that it does not consider to have merit and, based on its experience to date, does not expect these matters, either individually or in the aggregate, to have a material adverse effect on CenterPoint Energy’s financial condition, results of operations or cash flows.

Other Environmental. From time to time CenterPoint Energy identifies the presence of environmental contaminants on property where its subsidiaries conduct or have conducted operations. Other such sites involving contaminants may be identified in the future. CenterPoint Energy has and expects to continue to remediate identified sites consistent with its legal obligations. From time to time CenterPoint Energy has received notices from regulatory authorities or others regarding its status as a PRP in connection with sites found to require remediation due to the presence of environmental contaminants. In addition, CenterPoint Energy has been named from time to time as a defendant in litigation related to such sites. Although the ultimate outcome of such matters cannot be predicted at this time, CenterPoint Energy does not expect, based on its experience to date, these matters, either individually or in the aggregate, to have a material adverse effect on CenterPoint Energy’s financial condition, results of operations or cash flows.

Other Proceedings

CenterPoint Energy is involved in other legal, environmental, tax and regulatory proceedings before various courts, regulatory commissions and governmental agencies regarding matters arising in the ordinary course of business. From time to time, CenterPoint Energy is also a defendant in legal proceedings with respect to claims brought by various plaintiffs against broad groups of participants in the energy industry. Some of these proceedings involve substantial amounts. CenterPoint Energy regularly analyzes current information and, as necessary, provides accruals for probable liabilities on the eventual disposition of these matters. CenterPoint Energy does not expect the disposition of these matters to have a material adverse effect on CenterPoint Energy’s financial condition, results of operations or cash flows.

(e) Guarantees

Prior to the distribution of CenterPoint Energy’s ownership in RRI to its shareholders, CERC had guaranteed certain contractual obligations of what became RRI’s trading subsidiary. When the companies separated, RRI agreed to secure CERC against obligations under the guarantees RRI had been unable to extinguish by the time of separation. Pursuant to such agreement, as amended in December 2007, RRI (now GenOn) agreed to provide to CERC cash or letters of credit as security against CERC’s obligations under its remaining guarantees for demand charges under certain gas transportation agreements if and to the extent changes in market conditions expose CERC to a risk of loss on those guarantees based on an annual calculation, with any required collateral to be posted each December. The undiscounted maximum potential payout of the demand charges under these transportation contracts, which will be in effect until 2018, was approximately $42 million as of December 31, 2014. Based on market conditions in the fourth quarter of 2014 at the time the most recent annual calculation was made under the agreement, GenOn was not obligated to post any security. If GenOn should fail to perform the contractual obligations, CERC could have to honor its guarantee and, in such event, any collateral then provided as security may be insufficient to satisfy CERC’s obligations.

CenterPoint Energy has provided guarantees (CenterPoint Midstream Guarantees) with respect to the performance of certain obligations of Enable under long-term gas gathering and treating agreements with an indirect wholly owned subsidiary of Encana Corporation and an indirect wholly owned subsidiary of Royal Dutch Shell plc. As of December 31, 2014, CenterPoint Energy had guaranteed Enable’s obligations up to an aggregate amount of $100 million under these agreements. Under the terms of the omnibus agreement entered into in connection with the closing of the formation of Enable, Enable and CenterPoint Energy have agreed to use commercially reasonable efforts and cooperate with each other to terminate the CenterPoint Midstream Guarantees and to release CenterPoint Energy from such guarantees by causing Enable or one of its subsidiaries to enter into substitute guarantees or to assume the CenterPoint Midstream Guarantees as applicable.

CERC Corp. has also provided a guarantee of collection of $1.1 billion of Enable’s Guaranteed Senior Notes. This guarantee is subordinated to all senior debt of CERC Corp. and is subject to automatic release on May 1, 2016.

The fair value of these guarantees is not material.

Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per share calculations:



	For the Year Ended December 31,
	2014		2013		2012
	(in millions, except per share and share amounts)
Net income	$	611	$	311	$	417

Basic weighted average shares outstanding	429,634,000		428,466,000		427,189,000
Plus: Incremental shares from assumed conversions:
Stock options	—		41,000		152,000
Restricted stock	2,034,000		2,423,000		2,453,000
Diluted weighted average shares	431,668,000		430,930,000		429,794,000

Basic earnings per share	$	1.42	$	0.73	$	0.98

Diluted earnings per share	$	1.42	$	0.72	$	0.97

Unaudited Quarterly Information

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Unaudited Quarterly Information

Summarized quarterly financial data is as follows:



	Year Ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter (3)
	(in millions, except per share amounts)
Revenues	$	3,163	$	1,884	$	1,807	$	2,372
Operating income	295		186		233		221
Net income	185		107		143		176

Basic earnings per share(1)	$	0.43	$	0.25	$	0.33	$	0.41

Diluted earnings per share(1)	$	0.43	$	0.25	$	0.33	$	0.41



	Year Ended December 31, 2013
	First Quarter		Second Quarter (2)			Third Quarter		Fourth Quarter
	(in millions, except per share amounts)
Revenues	$	2,388	$	1,894		$	1,640	$	2,184
Operating income	332		223			244		211
Net income (loss)	$	147	$	(100	)	$	151	$	113

Basic earnings (loss) per share(1)	$	0.34	$	(0.23	)	$	0.35	$	0.26

Diluted earnings (loss) per share(1)	$	0.34	$	(0.23	)	$	0.35	$	0.26


(1)	Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.


(2)	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.


(3)	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.

Reportable Business Segments

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Reportable Business Segments

CenterPoint Energy’s determination of reportable business segments considers the strategic operating units under which CenterPoint Energy manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. CenterPoint Energy uses operating income as the measure of profit or loss for its business segments.

CenterPoint Energy’s reportable business segments include the following: Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The electric transmission and distribution function (CenterPoint Houston) is reported in the Electric Transmission & Distribution business segment. Natural Gas Distribution consists of intrastate natural gas sales to, and natural gas transportation and distribution for, residential, commercial, industrial and institutional customers. Energy Services represents CenterPoint Energy’s non-rate regulated gas sales and services operations. Midstream Investments consists primarily of CenterPoint Energy’s investment in Enable and its retained interest in SESH. Other Operations consists primarily of other corporate operations which support all of CenterPoint Energy’s business operations.

Prior to May 1, 2013, CenterPoint Energy also reported an Interstate Pipelines business segment, which included CenterPoint Energy’s interstate natural gas pipeline operations, and a Field Services business segment, which included CenterPoint Energy’s non-rate regulated natural gas gathering, processing and treating operations. The formation of Enable closed on May 1, 2013. Enable now owns substantially all of CenterPoint Energy’s former Interstate Pipelines and Field Services business segments, except for a 0.1% interest in SESH. As a result, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has Interstate Pipelines and Field Services reporting segments prospectively.

Long-lived assets include net property, plant and equipment, goodwill and other intangibles and equity investments in unconsolidated subsidiaries. Intersegment sales are eliminated in consolidation.

Financial data for business segments and products and services are as follows (in millions):



	Revenues from External Customers			Intersegment Revenues			Depreciation and Amortization		Operating Income (Loss)			Total Assets				Expenditures for Long-Lived Assets
As of and for the year ended December 31, 2014:
Electric Transmission & Distribution	$	2,845	(1)	$	—		$	768	$	595		$	10,066			$	818
Natural Gas Distribution	3,271			30			201		287			5,464				525
Energy Services	3,095			84			5		52			978				3
Midstream Investments (2)	—			—			—		—			4,521				—
Other	15			—			39		1			3,368			(3)	56
Reconciling Eliminations	—			(114		)	—		—			(1,197		)		—
Consolidated	$	9,226		$	—		$	1,013	$	935		$	23,200			$	1,402
As of and for the year ended December 31, 2013:
Electric Transmission & Distribution	$	2,570	(1)	$	—		$	685	$	607		$	9,605			$	759
Natural Gas Distribution	2,837			26			185		263			4,976				430
Energy Services	2,374			27			5		13			895				3
Interstate Pipelines (4) (6)	133			53			20		72			—				29
Field Services (5) (6)	178			18			20		73			—				16
Midstream Investments (2)	—			—			—		—			4,518				—
Other	14			—			39		(18		)	3,026			(3)	35
Reconciling Eliminations	—			(124		)	—		—			(1,150		)		—
Consolidated	$	8,106		$	—		$	954	$	1,010		$	21,870			$	1,272
As of and for the year ended December 31, 2012:
Electric Transmission & Distribution	$	2,540	(1)	$	—		$	729	$	639		$	11,174			$	599
Natural Gas Distribution	2,320			22			173		226			4,775				359
Energy Services	1,758			26			6		(250		)	839				6
Interstate Pipelines (4)	356			146			56		207			4,004				132
Field Services (5)	467			39			50		214			2,453				52
Other	11			—			36		2			2,600			(3)	40
Reconciling Eliminations	—			(233		)	—		—			(2,974		)		—
Consolidated	$	7,452		$	—		$	1,050	$	1,038		$	22,871			$	1,188

(1)

Sales to affiliates of NRG in 2014, 2013 and 2012 represented approximately $735 million, $658 million and $648 million, respectively, of CenterPoint Houston’s transmission and distribution revenues. Sales to affiliates of Energy Future Holdings Corp. in 2014, 2013 and 2012 represented approximately $189 million, $167 million and $162 million, respectively, of CenterPoint Houston’s transmission and distribution revenues.

(2)

Midstream Investments reported equity earnings of $303 million from Enable and $5 million of equity earnings from CenterPoint Energy’s interest in SESH for the year ended December 31, 2014. Midstream Investments reported equity earnings of $173 million from Enable and $8 million of equity earnings from CenterPoint Energy’s interest in SESH for the eight months ended December 31, 2013. Included in total assets of Midstream Investments as of December 31, 2014 and 2013 is $4,520 million and $4,319 million, respectively, related to CenterPoint Energy’s investment in Enable and $1 million and $199 million related to CenterPoint Energy’s retained interest in SESH, respectively.


(3)	Included in total assets of Other Operations as of December 31, 2014, 2013 and 2012, are pension and other postemployment related regulatory assets of $795 million, $627 million and $832 million, respectively.

(4)

Interstate Pipelines recorded equity income of $7 million and $26 million in the years ended December 31, 2013 and 2012, respectively, from its interest in SESH, a jointly-owned pipeline. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. Interstate Pipelines’ investment in SESH was $404 million as of December 31, 2012, and is included in Investment in unconsolidated affiliates. As discussed above, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has an Interstate Pipelines reporting segment prospectively.

(5)

Field Services recorded equity income of $5 million for the year ended December 31, 2012 from its interest in Waskom. This amount is included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. Beginning on August 1, 2012, financial results for Waskom are included in operating income due to the July 31, 2012 purchase of the 50% interest in Waskom that CenterPoint Energy did not already own. CenterPoint Energy contributed 100% interest in Waskom to Enable on May 1, 2013. Effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable under its Midstream Investments segment, and no longer has a Field Services reporting segment prospectively.


(6)	Results reflected in the year ended December 31, 2013 represent only January 2013 through April 2013.



	Year Ended December 31,
Revenues by Products and Services:	2014		2013		2012

Electric delivery	$	2,845	$	2,570	$	2,540
Retail gas sales	5,049		4,150		3,328
Wholesale gas sales	1,159		913		613
Gas transportation and processing	38		345		847
Energy products and services	135		128		124
Total	$	9,226	$	8,106	$	7,452

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 22, 2015, CenterPoint Energy’s board of directors declared a regular quarterly cash dividend of $0.2475 per share of common stock payable on March 10, 2015, to shareholders of record as of the close of business on February 13, 2015. On January 23, 2015, Enable declared a quarterly cash distribution of $0.30875 per unit on all of its outstanding common and subordinated units for the quarter ended December 31, 2014. Accordingly, CERC Corp. expects to receive a cash distribution of approximately $72 million from Enable in the first quarter of 2015 to be made with respect to CERC Corp.’s limited partner interest in Enable for the fourth quarter of 2014.

Schedule I: Financial Information of Centerpoint Energy, Inc. (Parent Company)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I - Condensed Financial Information of Centerpoint Energy, Inc. (Parent Company)

CENTERPOINT ENERGY, INC.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF

CENTERPOINT ENERGY, INC. (PARENT COMPANY)

STATEMENTS OF INCOME



	For the Year Ended December 31,
	2014			2013			2012
	(in millions)
Expenses:
Operation and Maintenance Expenses	$	(22	)	$	(13	)	$	(20	)
Total	(22		)	(13		)	(20		)
Other Income (Expense):
Interest Income from Subsidiaries	—			8			10
Other Income (Expense)	(1		)	(5		)	6
Loss on Indexed Debt Securities	(86		)	(193		)	(71		)
Interest Expense to Subsidiaries	—			(24		)	(25		)
Interest Expense	(103		)	(104		)	(112		)
Total	(190		)	(318		)	(192		)
Loss Before Income Taxes, Equity in Subsidiaries	(212		)	(331		)	(212		)
Income Tax Benefit	115			137			87
Loss Before Equity in Subsidiaries	(97		)	(194		)	(125		)
Equity Income of Subsidiaries	708			505			542
Net Income	$	611		$	311		$	417

See Notes to Condensed Financial Information (Parent Company) and

CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8

CENTERPOINT ENERGY, INC.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF

CENTERPOINT ENERGY, INC. (PARENT COMPANY)

STATEMENTS OF COMPREHENSIVE INCOME



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Net income	$	611	$	311	$	417
Other comprehensive income (loss):
Adjustment to pension and other postretirement plans (net of tax of $5,$25 and $2)	3		44		(2		)
Reclassification of deferred loss from cash flow hedges realized in net income (net of tax)	1		1		—
Other comprehensive income (loss)	4		45		(2		)
Comprehensive income	$	615	$	356	$	415

See Notes to Condensed Financial Information (Parent Company) and

CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8

CENTERPOINT ENERGY, INC.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF

CENTERPOINT ENERGY, INC. (PARENT COMPANY)

BALANCE SHEETS



	December 31,
	2014			2013
	(in millions)
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	—
Notes receivable — subsidiaries	227			88
Accounts receivable — subsidiaries	230			116
Other assets	87			21
Total current assets	544			225
Other Assets:
Investment in subsidiaries	6,529			6,142
Other assets	811			649
Total other assets	7,340			6,791
Total Assets	$	7,884		$	7,016
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Notes payable — subsidiaries	$	142		$	11
Indexed debt	152			143
Current portion of other long-term debt	269			—
Indexed debt securities derivative	541			455
Accounts payable:
Subsidiaries	80			35
Other	2			5
Taxes accrued	575			517
Interest accrued	13			13
Other	22			—
Total current liabilities	1,796			1,179
Other Liabilities:
Accumulated deferred tax liabilities	240			232
Benefit obligations	441			340
Other	1			—
Total non-current liabilities	682			572
Long-Term Debt	858			936
Shareholders’ Equity:
Common stock	4			4
Additional paid-in capital	4,169			4,157
Retained earnings	461			258
Accumulated other comprehensive loss	(86		)	(90		)
Total shareholders’ equity	4,548			4,329
Total Liabilities and Shareholders’ Equity	$	7,884		$	7,016

See Notes to Condensed Financial Information (Parent Company) and

CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8

CENTERPOINT ENERGY, INC.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF

CENTERPOINT ENERGY, INC. (PARENT COMPANY)

STATEMENTS OF CASH FLOWS



	For the Year Ended December 31,
	2014			2013			2012
	(in millions)
Operating Activities:
Net income	$	611		$	311		$	417
Non-cash items included in net income:
Equity income of subsidiaries	(708		)	(505		)	(542		)
Deferred income tax expense	86			6			113
Amortization of debt issuance costs	4			4			4
Loss on indexed debt securities	86			193			71
Changes in working capital:
Accounts receivable/(payable) from subsidiaries, net	(7		)	47			39
Accounts payable	(3		)	5			—
Other current assets	—			—			26
Other current liabilities	(83		)	42			(63		)
Common stock dividends received from subsidiaries	315			766			1,700
Other	(76		)	(70		)	(72		)
Net cash provided by operating activities	225			799			1,693
Investing Activities:
Decrease (increase) in notes receivable from subsidiaries	(139		)	868			(398		)
Net cash provided by (used in) investing activities	(139		)	868			(398		)
Financing Activities:
Proceeds from commercial paper, net	191			—			—
Payments on long-term debt	—			(151		)	(375		)
Debt issuance costs	(1		)	(2		)	—
Common stock dividends paid	(408		)	(355		)	(346		)
Proceeds from issuance of common stock, net	1			4			4
Increase (decrease) in notes payable to subsidiaries	131			(1,173		)	(578		)
Redemption of indexed debt securities	—			(8		)	—
Other	—			18			—
Net cash used in financing activities	(86		)	(1,667		)	(1,295		)
Net Decrease in Cash and Cash Equivalents	—			—			—
Cash and Cash Equivalents at Beginning of Year	—			—			—
Cash and Cash Equivalents at End of Year	$	—		$	—		$	—

See Notes to Condensed Financial Information (Parent Company) and

CenterPoint Energy, Inc. and Subsidiaries Notes to Consolidated Financial Statements in Part II, Item 8

CENTERPOINT ENERGY, INC.

SCHEDULE I — NOTES TO CONDENSED FINANCIAL INFORMATION (PARENT COMPANY)

(1) Background. The condensed parent company financial statements and notes of CenterPoint Energy, Inc. (CenterPoint Energy) should be read in conjunction with the consolidated financial statements and notes of CenterPoint Energy, Inc. and subsidiaries appearing in the Annual Report on Form 10-K. Credit facilities at CenterPoint Energy Houston Electric, LLC (CenterPoint Houston) and CenterPoint Energy Resources Corp., indirect wholly owned subsidiaries of CenterPoint Energy, limit debt, excluding transition and system restoration bonds, as a percentage of their consolidated capitalization to 65%. These covenants could restrict the ability of these subsidiaries to distribute dividends to CenterPoint Energy.

(2) New Accounting Pronouncements. In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08), which significantly changes the existing accounting guidance on discontinued operations. Under ASU 2014-08, only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results should be reported as a discontinued operation. ASU 2014-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. ASU 2014-08 should be applied to components classified as held for sale after its effective date. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The adoption is expected to reduce the number of disposals that meet the definition of a discontinued operation.

(3) Long-term Debt. As of December 31, 2014 and 2013, CenterPoint Energy had no borrowings and approximately $6 million and $6 million, respectively, of outstanding letters of credit under its $1.2 billion credit facility. There was $191 million of commercial paper outstanding that was backstopped by CenterPoint Energy’s $1.2 billion credit facility as of December 31, 2014. CenterPoint Energy was in compliance with all financial debt covenants as of December 31, 2014.

CenterPoint Energy’s maturities of long-term debt, excluding the indexed debt securities obligation, are $269 million in 2015, $250 million in 2017, $350 million in 2018 and $191 million in 2019. There are no maturities of long-term debt in 2016.

(4) Guarantees. CenterPoint Energy has provided guarantees (CenterPoint Midstream Guarantees) with respect to the performance of certain obligations of Enable under long-term gas gathering and treating agreements with an indirect wholly owned subsidiary of Encana Corporation and an indirect wholly owned subsidiary of Royal Dutch Shell plc. As of December 31, 2014, CenterPoint Energy had guaranteed Enable’s obligations up to an aggregate amount of $100 million under these agreements. Under the terms of the omnibus agreement entered into in connection with the closing of the formation of Enable, Enable and CenterPoint Energy have agreed to use commercially reasonable efforts and cooperate with each other to terminate the CenterPoint Midstream Guarantees and to release CenterPoint Energy from such guarantees by causing Enable or one of its subsidiaries to enter into substitute guarantees or to assume the CenterPoint Midstream Guarantees as applicable.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts Disclosure

CENTERPOINT ENERGY, INC.

SCHEDULE II —VALUATION AND QUALIFYING ACCOUNTS

For the Three Years Ended December 31, 2014



Column A	Column B		Column C						Column D		Column E
			Additions
	Balance at Beginning of Period		Charged to Income			Charged to Other Accounts			Deductions From Reserves (1)		Balance at End of Period
Description	(in millions)
Year Ended December 31, 2014
Accumulated provisions:
Uncollectible accounts receivable	$	28	$	22		$	2		$	26	$	26
Deferred tax asset valuation allowance	2		—			—			—		2
Year Ended December 31, 2013
Accumulated provisions:
Uncollectible accounts receivable	$	25	$	21		$	1		$	19	$	28
Deferred tax asset valuation allowance	2		—			—			—		2
Year Ended December 31, 2012
Accumulated provisions:
Uncollectible accounts receivable	$	25	$	16		$	1		$	17	$	25
Deferred tax asset valuation allowance	4		(1		)	(1		)	—		2


(1)	Deductions from reserves represent losses or expenses for which the respective reserves were created. In the case of the uncollectible accounts reserve, such deductions are net of recoveries of amounts previously written off.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2014
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The accounts of CenterPoint Energy and its wholly owned and majority owned subsidiaries are included in the consolidated financial statements. All intercompany transactions and balances are eliminated in consolidation. CenterPoint Energy generally uses the equity method of accounting for investments in entities in which CenterPoint Energy has an ownership interest between 20% and 50% and exercises significant influence. CenterPoint Energy also uses the equity method for investments in which it has ownership percentages greater than 50%, when it exercises significant influence, does not have control and is not considered the primary beneficiary, if applicable. On March 14, 2013, CenterPoint Energy entered into a Master Formation Agreement (MFA) with OGE Energy Corp. (OGE) and affiliates of ArcLight Capital Partners, LLC (ArcLight), pursuant to which CenterPoint Energy, OGE and ArcLight agreed to form Enable as a private limited partnership. On May 1, 2013, the parties closed on the formation of Enable. In connection with the closing (i) CERC Corp. converted its direct wholly owned subsidiary, CenterPoint Energy Field Services, LLC, a Delaware limited liability company (CEFS), into a Delaware limited partnership that became Enable, (ii) CERC Corp. contributed to Enable its equity interests in each of CenterPoint Energy Gas Transmission Company, LLC, which has been subsequently renamed Enable Gas Transmission, LLC (EGT), CenterPoint Energy - Mississippi River Transmission, LLC, which has been subsequently renamed Enable Mississippi River Transmission, LLC (MRT), certain of its other midstream subsidiaries (Other CNP Midstream Subsidiaries), and a 24.95% interest in Southeast Supply Header, LLC (SESH and, collectively with CEFS, EGT, MRT and Other CNP Midstream Subsidiaries, CenterPoint Midstream), and (iii) OGE and ArcLight indirectly contributed 100% of the equity interests in Enogex LLC, which has been subsequently renamed Enable Oklahoma Intrastate Transmission, LLC (Enogex), to Enable. The formation of Enable by CenterPoint Energy was considered a contribution of in-substance real estate to a limited partnership as the businesses are composed of, and reliant upon, substantial real estate assets and integral equipment. Real estate assets and integral equipment primarily include gas transmission pipelines, compressor station equipment, rights of way, storage and processing assets and long-term customer contracts. Accordingly, CenterPoint Energy did not recognize a gain or loss upon contribution and recorded its investment in Enable using the equity method of accounting based on the historical cost of the contributed assets and liabilities as of May 1, 2013 (Closing Date). Approximately $5.8 billion of assets (which includes $4.7 billion in property, plant and equipment, net, $629 million in goodwill and $197 million for the 24.95% investment in SESH) and $1.5 billion of liabilities (which includes a term loan and the indebtedness owed to CERC of $1.05 billion and $363 million, respectively) were contributed by CERC Corp. CenterPoint Energy has the ability to significantly influence the operating and financial policies of, but not solely control, Enable and, accordingly, recorded an equity method investment, at the historical costs of net assets contributed, of $4.3 billion in Enable on the Closing Date. Pursuant to the MFA, CenterPoint Energy retained certain assets and liabilities historically held by CenterPoint Midstream such as balances relating to federal income taxes and benefit plan obligations. Under the equity method, CenterPoint Energy adjusts its investment in Enable each period for contributions made, distributions received, CenterPoint Energy’s share of Enable’s comprehensive income and accretion of basis differences, as appropriate. CenterPoint Energy evaluates its equity method investments for impairment when events or changes in circumstances indicate there is a loss in value of the investment that is other than a temporary decline. CenterPoint Energy’s investment in Enable is considered to be a variable interest entity (VIE) because the power to direct the activities that most significantly impact Enable’s economic performance does not reside with the holders of equity investment at risk. However, CenterPoint Energy is not considered the primary beneficiary of Enable since it does not have the power to direct the activities of Enable that are considered most significant to the economic performance of Enable. As of December 31, 2014, CERC Corp. and OGE held approximately 55.4% and 26.3%, respectively, of the limited partner interests in Enable. Enable is controlled jointly by CERC Corp. and OGE, and each own 50% of the management rights in the general partner of Enable. As of December 31, 2014, CERC Corp. and OGE also own a 40% and 60% interest, respectively, in the incentive distribution rights held by the general partner of Enable. Enable is expected to pay a minimum quarterly distribution of $0.2875 per unit on its outstanding units to the extent it has sufficient cash from operations after establishment of cash reserves and payment of fees and expenses, including payments to its general partner and its affiliates, within 45 days after the end of each quarter. If cash distributions to Enable’s unitholders exceed $0.330625 per unit in any quarter, the general partner will receive increasing percentages or incentive distributions rights, up to 50%, of the cash Enable distributes in excess of that amount. In certain circumstances the general partner of Enable will have the right to reset the minimum quarterly distribution and the target distribution levels at which the incentive distributions receive increasing percentages to higher levels based on Enable’s cash distributions at the time of the exercise of this reset election. Prior to July 2012, CenterPoint Energy owned a 50% interest in Waskom Gas Processing Company (Waskom), a Texas general partnership, which owns and operates a natural gas processing plant and natural gas gathering assets. On July 31, 2012, CenterPoint Energy purchased the 50% interest that it did not already own in Waskom, as well as other gathering and related assets from a third-party for approximately $273 million. The purchase of the 50% interest in Waskom was determined to be a business combination achieved in stages, and as such CenterPoint Energy recorded a pre-tax gain of approximately $136 million on July 31, 2012, which is the result of remeasuring its original 50% interest in Waskom to fair value. Other investments, excluding marketable securities, are carried at cost. As of December 31, 2014, CenterPoint Energy had VIEs consisting of transition and system restoration bond companies, which it consolidates. The consolidated VIEs are wholly owned bankruptcy remote special purpose entities that were formed specifically for the purpose of securitizing transition and system restoration related property. Creditors of CenterPoint Energy have no recourse to any assets or revenues of the transition and system restoration bond companies. The bonds issued by these VIEs are payable only from and secured by transition and system restoration property and the bondholders have no recourse to the general credit of CenterPoint Energy.
Revenues	Revenues CenterPoint Energy records revenue for electricity delivery and natural gas sales and services under the accrual method and these revenues are recognized upon delivery to customers. Electricity deliveries not billed by month-end are accrued based on actual advanced metering system data, daily supply volumes and applicable rates. Natural gas sales not billed by month-end are accrued based upon estimated purchased gas volumes, estimated lost and unaccounted for gas and currently effective tariff rates.
Long-lived Assets	Long-lived Assets and Intangibles CenterPoint Energy records property, plant and equipment at historical cost. CenterPoint Energy expenses repair and maintenance costs as incurred. CenterPoint Energy periodically evaluates long-lived assets, including property, plant and equipment, and specifically identifiable intangibles, when events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. The determination of whether an impairment has occurred is based on an estimate of undiscounted cash flows attributable to the assets compared to the carrying value of the assets.
Regulatory Assets and Liabilities	Regulatory Assets and Liabilities CenterPoint Energy applies the guidance for accounting for regulated operations to the Electric Transmission & Distribution business segment and the Natural Gas Distribution business segment. CenterPoint Energy’s rate-regulated subsidiaries may collect revenues subject to refund pending final determination in rate proceedings. In connection with such revenues, estimated rate refund liabilities are recorded which reflect management’s current judgment of the ultimate outcomes of the proceedings. CenterPoint Energy’s rate-regulated businesses recognize removal costs as a component of depreciation expense in accordance with regulatory treatment. As of December 31, 2014 and 2013, these removal costs of $958 million and $941 million, respectively, are classified as regulatory liabilities in CenterPoint Energy’s Consolidated Balance Sheets. In addition, a portion of the amount of removal costs that relate to asset retirement obligations has been reclassified from a regulatory liability to an asset retirement liability in accordance with accounting guidance for asset retirement obligations.
Depreciation and Amortization Expense	Depreciation and Amortization Expense Depreciation and amortization is computed using the straight-line method based on economic lives or regulatory-mandated recovery periods. Amortization expense includes amortization of regulatory assets and other intangibles.
Capitalization of Interest and Allowance for Funds Used During Construction	Capitalization of Interest and Allowance for Funds Used During Construction Interest and allowance for funds used during construction (AFUDC) are capitalized as a component of projects under construction and are amortized over the assets’ estimated useful lives once the assets are placed in service. AFUDC represents the composite interest cost of borrowed funds and a reasonable return on the equity funds used for construction for subsidiaries that apply the guidance for accounting for regulated operations. During 2014, 2013 and 2012, CenterPoint Energy capitalized interest and AFUDC of $11 million, $11 million and $9 million, respectively. During 2014, 2013 and 2012, CenterPoint Energy recorded AFUDC equity of $14 million, $8 million and $6 million, respectively, which is included in Other Income in its Statements of Consolidated Income.
Income Tax	Income Taxes CenterPoint Energy uses the asset and liability method of accounting for deferred income taxes. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established against deferred tax assets for which management believes realization is not considered to be more likely than not. CenterPoint Energy recognizes interest and penalties as a component of income tax expense.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount and do not bear interest. It is the policy of management to review the outstanding accounts receivable monthly, as well as the bad debt write-offs experienced in the past, and establish an allowance for doubtful accounts. Account balances are charged off against the allowance when management determines it is probable the receivable will not be recovered. The provision for doubtful accounts in CenterPoint Energy’s Statements of Consolidated Income for 2014, 2013 and 2012 was $22 million, $21 million and $16 million, respectively.
Inventory	Inventory Inventory consists principally of materials and supplies and natural gas. Materials and supplies are valued at the lower of average cost or market. Materials and supplies are recorded to inventory when purchased and subsequently charged to expense or capitalized to plant when installed. Natural gas inventories of CenterPoint Energy’s Energy Services business segment are valued at the lower of average cost or market. Natural gas inventories of CenterPoint Energy’s Natural Gas Distribution business segment are primarily valued at weighted average cost. During 2014, 2013 and 2012, CenterPoint Energy recorded $8 million, $4 million and $4 million, respectively, in write-downs of natural gas inventory to the lower of average cost or market.
Derivative Instruments	Derivative Instruments CenterPoint Energy is exposed to various market risks. These risks arise from transactions entered into in the normal course of business. CenterPoint Energy utilizes derivative instruments such as physical forward contracts, swaps and options to mitigate the impact of changes in commodity prices and weather on its operating results and cash flows. Such derivatives are recognized in CenterPoint Energy’s Consolidated Balance Sheets at their fair value unless CenterPoint Energy elects the normal purchase and sales exemption for qualified physical transactions. A derivative may be designated as a normal purchase or normal sale if the intent is to physically receive or deliver the product for use or sale in the normal course of business. CenterPoint Energy has a Risk Oversight Committee composed of corporate and business segment officers that oversees all commodity price, weather and credit risk activities, including CenterPoint Energy’s marketing, risk management services and hedging activities. The committee’s duties are to establish CenterPoint Energy’s commodity risk policies, allocate board-approved commercial risk limits, approve the use of new products and commodities, monitor positions and ensure compliance with CenterPoint Energy’s risk management policies and procedures and limits established by CenterPoint Energy’s board of directors. CenterPoint Energy’s policies prohibit the use of leveraged financial instruments. A leveraged financial instrument, for this purpose, is a transaction involving a derivative whose financial impact will be based on an amount other than the notional amount or volume of the instrument.
Investments in Other Debt and Equity Securities	Investments in Other Debt and Equity Securities CenterPoint Energy reports securities classified as trading at estimated fair value in its Consolidated Balance Sheets, and any unrealized holding gains and losses are recorded as other income (expense) in its Statements of Consolidated Income.
Environmental Costs	Environmental Costs CenterPoint Energy expenses or capitalizes environmental expenditures, as appropriate, depending on their future economic benefit. CenterPoint Energy expenses amounts that relate to an existing condition caused by past operations that do not have future economic benefit. CenterPoint Energy records undiscounted liabilities related to these future costs when environmental assessments and/or remediation activities are probable and the costs can be reasonably estimated.
Statement of Consolidated Cash Flows	Statements of Consolidated Cash Flows For purposes of reporting cash flows, CenterPoint Energy considers cash equivalents to be short-term, highly-liquid investments with maturities of three months or less from the date of purchase. In connection with the issuance of transition bonds and system restoration bonds, CenterPoint Energy was required to establish restricted cash accounts to collateralize the bonds that were issued in these financing transactions. These restricted cash accounts are not available for withdrawal until the maturity of the bonds and are not included in cash and cash equivalents. These restricted cash accounts of $47 million and $41 million at December 31, 2014 and 2013, respectively, are included in other current assets in CenterPoint Energy’s Consolidated Balance Sheets. Cash and cash equivalents included $290 million and $207 million at December 31, 2014 and 2013, respectively, that was held by CenterPoint Energy’s transition and system restoration bond subsidiaries solely to support servicing the transition and system restoration bonds. CenterPoint Energy considers distributions received from equity method investments which do not exceed cumulative equity in earnings subsequent to the date of investment to be a return on investment and classifies these distributions as operating activities in the Statements of Consolidated Cash Flows. CenterPoint Energy considers distributions received from equity method investments in excess of cumulative equity in earnings subsequent to the date of investment to be a return of investment and classifies these distributions as investing activities in the Statements of Consolidated Cash Flows.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08), which significantly changes the existing accounting guidance on discontinued operations. Under ASU 2014-08, only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results should be reported as a discontinued operation. ASU 2014-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. ASU 2014-08 should be applied to components classified as held for sale after its effective date. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The adoption is expected to reduce the number of disposals that meet the definition of a discontinued operation. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (ASU 2014-09), which supersedes most current revenue recognition guidance. ASU 2014-09 provides a comprehensive new revenue recognition model that requires revenue to be recognized in a manner that depicts the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted, and entities have the option of using either a full retrospective or a modified retrospective adoption approach. Accordingly, CenterPoint Energy will adopt ASU 2014-09 on January 1, 2017, and is currently evaluating the impact that this standard will have on its financial position, results of operations, cash flows and disclosures. In November 2014, the FASB issued ASU No. 2014-16, Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (ASU 2014-16). ASU 2014-16 clarifies how current guidance should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of a host contract. ASU 2014-16 is effective for fiscal years and interim periods beginning after December 15, 2015. CenterPoint Energy is currently assessing the impact, if any, that this standard will have on its financial position, results of operations, cash flows and disclosures. In January 2015, the FASB issued ASU No. 2015-01, Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)-Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items (ASU 2015-01), which eliminates the concept of extraordinary items. ASU 2015-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015, and may be applied either prospectively or retrospectively. CenterPoint Energy will adopt ASU 2015-01 on January 1, 2016 and does not anticipate the adoption to have a material impact on its consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Inventory



	December 31,
	2014		2013

Materials and supplies	$	168	$	140
Natural gas	211		145
Total inventory	$	379	$	285

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment includes the following:



	Weighted Average Useful Lives	December 31,
	(Years)	2014		2013
		(in millions)
Electric Transmission & Distribution	31	$	9,393	$	8,741
Natural Gas Distribution	33	5,235		4,694
Energy Services	27	84		82
Other property	22	646		621
Total		15,358		14,138
Accumulated depreciation and amortization:
Electric Transmission & Distribution		3,050		2,907
Natural Gas Distribution		1,493		1,324
Energy Services		31		28
Other property		282		286
Total accumulated depreciation and amortization		4,856		4,545
Property, plant and equipment, net		$	10,502	$	9,593

Depreciation and Amortization

The following table presents depreciation and amortization expense for 2014, 2013 and 2012 (in millions).



	2014		2013		2012
Depreciation expense	$	521	$	531	$	562
Amortization expense	492		423		488
Total depreciation and amortization expense	$	1,013	$	954	$	1,050

Asset Retirement Obligation

A reconciliation of the changes in the asset retirement obligation (ARO) liability is as follows (in millions):



	December 31,
	2014		2013
Beginning balance	$	134	$	164
Accretion expense	5		5
Revisions in estimates of cash flows	37		(35		)
Ending balance	$	176	$	134

Goodwill (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Reportable Segments

Goodwill by reportable business segment as of both December 31, 2014 and 2013 are as follows (in millions):



Natural Gas Distribution	$	746
Energy Services (1)	83
Other	11
Total	$	840

Regulatory Accounting (Tables)

12 Months Ended

Dec. 31, 2014

Regulated Operations [Abstract]

Schedule of Regulatory Assets and Liabilities

The following is a list of regulatory assets/liabilities reflected on CenterPoint Energy’s Consolidated Balance Sheets as of December 31, 2014 and 2013:



	December 31,
	2014			2013
	(in millions)
Securitized regulatory assets	$	2,738		$	3,179
Unrecognized equity return (1)	(442		)	(508		)
Unamortized loss on reacquired debt	104			111
Pension and postretirement-related regulatory asset (2)	922			732
Other long-term regulatory assets (3)	205			212
Total regulatory assets	3,527			3,726

Estimated removal costs	958			941
Other long-term regulatory liabilities	248			211
Total regulatory liabilities	1,206			1,152

Total regulatory assets and liabilities, net	$	2,321		$	2,574

(1)


(2)	CenterPoint Houston’s actuarially determined pension and other postemployment expense in excess of the amount being recovered through rates is being deferred for rate making purposes. Deferred pension and other postemployment expenses of $-0- and $5 million as of December 31, 2014 and 2013, respectively, were not earning a return.


(3)	Other regulatory assets that are not earning a return were not material as of December 31, 2014 and 2013.

Stock-Based Incentive Compensation Plans and Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following tables summarize CenterPoint Energy’s LTIP activity for 2014:

Stock Options



	Outstanding Options
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Exercise Price		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	120		$	10.93
Exercised	(120	)	10.93
Outstanding at December 31, 2014	—		—		—	$	—
Exercisable at December 31, 2014	—		—		—	—

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Performance Awards



	Outstanding and Non-Vested Shares
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Grant Date Fair Value		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	2,703		$	18.17
Granted	1,198		23.70
Forfeited or cancelled	(515	)	21.09
Vested and released to participants	(926	)	15.50
Outstanding at December 31, 2014	2,460		21.26		1.1	$	40

Schedule of Nonvested Share Activity [Table Text Block]

Stock Awards



	Outstanding and Non-Vested Shares
	Year Ended December 31, 2014
	Shares (Thousands)		Weighted-Average Grant Date Fair Value		Remaining Average Contractual Life (Years)	Aggregate Intrinsic Value (Millions)
Outstanding at December 31, 2013	898		$	18.72
Granted	322		23.89
Forfeited or cancelled	(122	)	21.60
Vested and released to participants	(375	)	17.03
Outstanding at December 31, 2014	723		21.41		1.0	$	17

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The weighted-average grant-date fair values per unit of awards granted were as follows for 2014, 2013 and 2012:



	Year Ended December 31,
	2014		2013		2012
Performance awards	$	23.70	$	20.67	$	18.79
Stock awards	23.89		21.53		18.96

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]

Valuation Data

The total intrinsic value of awards received by participants was as follows for 2014, 2013 and 2012:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Stock options exercised	$	2	$	4	$	6
Performance awards	24		20		24
Stock awards	10		10		9

Schedule of Net Benefit Costs [Table Text Block]

CenterPoint Energy’s net periodic cost includes the following components relating to pension, including the benefit restoration plan, and postretirement benefits:



	Year Ended December 31,
	2014						2013						2012
	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
	(in millions)
Service cost	$	42		$	2		$	44		$	2		$	35		$	1
Interest cost	100			22			90			20			100			23
Expected return on plan assets	(125		)	(7		)	(135		)	(7		)	(121		)	(7		)
Amortization of prior service cost (credit)	10			(1		)	10			1			8			3
Amortization of net loss	44			1			63			6			60			4
Amortization of transition obligation	—			5			—			7			—			7
Benefit enhancement	—			—			—			—			—			1
Curtailment (1)	6			—			—			—			—			—
Net periodic cost	$	77		$	22		$	72		$	29		$	82		$	32


(1)	During the fourth quarter of 2014, CenterPoint Energy recognized a curtailment pension loss of $6 million related to employees seconded to Enable. Substantially all of the seconded employees became employees of Enable effective January 1, 2015.

Schedule of Assumptions Used [Table Text Block]

CenterPoint Energy used the following assumptions to determine net periodic cost relating to pension and postretirement benefits:



	Year Ended December 31,
	2014				2013				2012
	Pension Benefits		Post-retirement Benefits		Pension Benefits		Post-retirement Benefits		Pension Benefits		Post-retirement Benefits
Discount rate	4.80	%	4.75	%	4.00	%	3.90	%	4.90	%	4.80	%
Expected return on plan assets	7.00		5.50		8.00		5.50		8.00		5.50
Rate of increase in compensation levels	3.90		—		4.00		—		4.20		—

Schedule of Net Pension and Post-retirement Benefit Costs



	December 31,
	2014						2013
	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
	(in millions, except for actuarial assumptions)
Change in Benefit Obligation
Benefit obligation, beginning of year	$	2,153		$	476		$	2,316		$	538
Service cost	42			2			44			2
Interest cost	100			22			90			20
Participant contributions	—			7			—			7
Benefits paid	(156		)	(32		)	(142		)	(34		)
Actuarial (gain) loss	264			52			(155		)	(60		)
Medicare reimbursement	—			3			—			3
Plan amendment	—			1			—			—
Curtailment	—			(2		)	—			—
Benefit obligation, end of year	2,403			529			2,153			476
Change in Plan Assets
Fair value of plan assets, beginning of year	1,803			140			1,698			139
Employer contributions	97			18			91			19
Participant contributions	—			7			—			7
Benefits paid	(156		)	(32		)	(142		)	(34		)
Actual investment return	181			8			156			9
Fair value of plan assets, end of year	1,925			141			1,803			140
Funded status, end of year	$	(478	)	$	(388	)	$	(350	)	$	(336	)
Amounts Recognized in Balance Sheets
Current liabilities-other	$	(31	)	$	(9	)	$	(9	)	$	(9	)
Other liabilities-benefit obligations	(447		)	(379		)	(341		)	(327		)
Net liability, end of year	$	(478	)	$	(388	)	$	(350	)	$	(336	)
Actuarial Assumptions
Discount rate	4.05		%	3.90		%	4.80		%	4.75		%
Expected return on plan assets	6.50			5.20			7.00			5.50
Rate of increase in compensation levels	4.00			—			3.90			—
Healthcare cost trend rate assumed for the next year - Pre-65	—			7.25			—			7.00
Healthcare cost trend rate assumed for the next year - Post-65	—			8.50			—			7.50
Prescription drug cost trend rate assumed for the next year	—			6.50			—			7.00
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	—			5.00			—			5.50
Year that the healthcare rate reaches the ultimate trend rate	—			2024			—			2018
Year that the prescription drug rate reaches the ultimate trend rate	—			2024			—			2018

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

The changes in plan assets and benefit obligations recognized in other comprehensive income during 2014 are as follows (in millions):



	Pension Benefits		Postretirement Benefits
Net gain (loss)	$	10	$	(6	)
Amortization of net loss (gain)	9		(1		)
Amortization of prior service credit (cost)	2		(1		)
Total recognized in comprehensive income	$	21	$	(8	)

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

The amounts in accumulated other comprehensive loss expected to be recognized as components of net periodic benefit cost during 2015 are as follows (in millions):



	Pension Benefits		Postretirement Benefits
Unrecognized actuarial loss	$	12	$	1
Unrecognized prior service cost	1		—
Amounts in accumulated comprehensive loss to be recognized in net periodic cost in 2015	$	13	$	1

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

The following table displays pension benefits related to CenterPoint Energy’s pension plans that have accumulated benefit obligations in excess of plan assets:



	December 31,
	2014				2013
	Pension Qualified		Pension Non-qualified		Pension Qualified		Pension Non-qualified
	(in millions)
Accumulated benefit obligation	$	2,273	$	98	$	2,031	$	92
Projected benefit obligation	2,304		98		2,061		92
Fair value of plan assets	1,925		—		1,803		—

Schedule of a One-percent Point Change in the Assumed Health Care Cost Trend Rates



	1% Increase		1% Decrease
	(in millions)
Effect on the postretirement benefit obligation	$	19	$	16
Effect on total of service and interest cost	1		1

Target Allocation of Plan Assets [Table Text Block]

As part of the investment strategy discussed above, CenterPoint Energy maintained the following weighted average allocation targets for its benefit plans as of December 31, 2014:



	Pension Benefits	Postretirement Benefits
U.S. equity	12 – 28%	14 – 24%
International developed market equity	7 – 17%	3 – 13%
Emerging market equity	3 – 13%	—
Fixed income	54 – 66%	68 – 78%
Cash	0 – 2%	0 – 2%

Schedule of Allocation of Plan Assets [Table Text Block]

The following tables set forth by level, within the fair value hierarchy (see Note 8), CenterPoint Energy’s pension plan assets at fair value as of December 31, 2014 and 2013:



	Fair Value Measurements at December 31, 2014
	(in millions)
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	6		$	6		$	—	$	—
Common collective trust funds (1)	1,108			—			1,108		—
Corporate bonds:
Investment grade or above	368			—			368		—
Equity securities:
International companies	49			49			—		—
U.S. companies	83			83			—		—
Cash received as collateral from securities lending	86			86			—		—
U.S. treasuries	47			47			—		—
Mortgage backed securities	4			—			4		—
Asset backed securities	4			—			4		—
Municipal bonds	79			—			79		—
Mutual funds (2)	161			161			—		—
International government bonds	15			—			15		—
Real estate	1			—			—		1
Obligation to return cash received as collateral from securities lending	(86		)	(86		)	—		—
Total	$	1,925		$	346		$	1,578	$	1


(1)	61% of the amount invested in common collective trust funds is in fixed income securities, 14% is in U.S. equities, 22% is in international equities and 3% is in emerging market equities.


(2)	57% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 13% is in U.S. equities.



	Fair Value Measurements at December 31, 2013
	(in millions)
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	11		$	11		$	—	$	—
Common collective trust funds (1)	1,107			—			1,107		—
Corporate bonds:
Investment grade or above	256			—			256		—
Equity securities:
International companies	75			75			—		—
U.S. companies	77			77			—		—
Cash received as collateral from securities lending	71			71			—		—
U.S. government backed agencies bonds	1			1			—		—
U.S. treasuries	18			18			—		—
Mortgage backed securities	7			—			7		—
Asset backed securities	6			—			6		—
Municipal bonds	61			—			61		—
Mutual funds (2)	172			172			—		—
International government bonds	11			—			11		—
Real estate	1			—			—		1
Obligation to return cash received as collateral from securities lending	(71		)	(71		)	—		—
Total	$	1,803		$	354		$	1,448	$	1


(1)	50% of the amount invested in common collective trust funds is in fixed income securities, 20% is in U.S. equities, 25% is in international equities and 5% is in emerging market equities.


(2)	58% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 12% is in U.S. equities.

The changes in the fair value of the pension plan’s level 3 investments for the years ended December 31, 2014 and 2013 were not material.

The following tables present by level, within the fair value hierarchy, CenterPoint Energy’s postretirement plan assets at fair value as of December 31, 2014 and 2013, by asset category:



	Fair Value Measurements at December 31, 2014
	(in millions)
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds (1)	$	141	$	141	$	—	$	—
Total	$	141	$	141	$	—	$	—


(1)	73% of the amount invested in mutual funds is in fixed income securities, 19% is in U.S. equities and 8% is in international equities.



	Fair Value Measurements at December 31, 2013
	(in millions)
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds (1)	$	140	$	140	$	—	$	—
Total	$	140	$	140	$	—	$	—


(1)	72% of the amount invested in mutual funds is in fixed income securities, 20% is in U.S. equities and 8% is in international equities.

Schedule of Expected Benefit Payments [Table Text Block]

The following benefit payments are expected to be paid by the pension and postretirement benefit plans (in millions):



			Postretirement Benefit Plan
	Pension Benefits		Benefit Payments		Medicare Subsidy Receipts
2015	$	223	$	35	$	(4	)
2016	143		36		(4		)
2017	147		38		(5		)
2018	154		40		(5		)
2019	152		42		(6		)
2020-2024	785		228		(39		)

Accumulated Defined Benefit Plans Adjustment [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

CenterPoint Energy’s changes in accumulated comprehensive loss related to defined benefit, postretirement and other postemployment plans are as follows (in millions):



	Year Ended December 31,
	2014			2013
Beginning Balance	$	(88	)	$	(132	)
Other comprehensive income (loss) before reclassifications (1)	(3		)	52
Amounts reclassified from accumulated other comprehensive income:
Prior service cost (2)	2			3
Actuarial losses (2)	9			14
Total reclassifications from accumulated other comprehensive income	11			17
Tax expense	(5		)	(25		)
Net current period other comprehensive income	3			44
Ending Balance	$	(85	)	$	(88	)

________________


(1)	Total other comprehensive income (loss) related to the re-measurement of pension, postretirement and other postemployment plans.


(2)	These accumulated other comprehensive components are included in the computation of net periodic cost.

Amounts recognized in accumulated other comprehensive loss consist of the following:



	December 31,
	2014				2013
	Pension Benefits		Postretirement Benefits		Pension Benefits		Postretirement Benefits
	(in millions)
Unrecognized actuarial loss	$	113	$	14	$	126	$	7
Unrecognized prior service cost	4		2		12		1
Net amount recognized in accumulated other comprehensive loss	$	117	$	16	$	138	$	8

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments



Fair Value of Derivative Instruments
	December 31, 2013
Total derivatives not designated as hedging instruments	Balance Sheet Location	Derivative Assets Fair Value		Derivative Liabilities Fair Value
		(in millions)
Natural gas derivatives (1) (2) (3)	Current Assets: Non-trading derivative assets	$	28	$	4
Natural gas derivatives (1) (2)	Other Assets: Non-trading derivative assets	10		—
Natural gas derivatives (1) (2)	Current Liabilities: Non-trading derivative liabilities	4		21
Natural gas derivatives (1) (2)	Other Liabilities: Non-trading derivative liabilities	1		5
Indexed debt securities derivative	Current Liabilities	—		455
Total		$	43	$	485


(1)	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 607 Bcf or a net 46 Bcf long position. Of the net long position, basis swaps constitute 99 Bcf.

(2)

Natural gas contracts are presented on a net basis in the Consolidated Balance Sheets. Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due and causes derivative assets (liabilities) to be ultimately presented net in a liability (asset) account within the Consolidated Balance Sheets. The net of total non-trading derivative assets and liabilities was a $13 million asset as shown on CenterPoint Energy’s Consolidated Balance Sheets (and as detailed in the table below), and was comprised of the natural gas contracts derivative assets and liabilities separately shown above, offset by collateral netting of less than $1 million.


(3)	The $28 million Derivative Current Asset includes $1 million related to physical forwards purchased from Enable.



Fair Value of Derivative Instruments
	December 31, 2014
Total derivatives not designated as hedging instruments	Balance Sheet Location	Derivative Assets Fair Value		Derivative Liabilities Fair Value
		(in millions)
Natural gas derivatives (1) (2) (3)	Current Assets: Non-trading derivative assets	$	101	$	1
Natural gas derivatives (1) (2) (3)	Other Assets: Non-trading derivative assets	32		—
Natural gas derivatives (1) (2) (3)	Current Liabilities: Non-trading derivative liabilities	14		83
Natural gas derivatives (1) (2) (3)	Other Liabilities: Non-trading derivative liabilities	2		18
Indexed debt securities derivative	Current Liabilities	—		541
Total		$	149	$	643


(1)	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 804 billion cubic feet (Bcf) or a net 60 Bcf long position. Of the net long position, basis swaps constitute 127 Bcf.

(2)


(3)	Derivative Assets and Derivative Liabilities include no material amounts related to physical forward transactions with Enable.

Offsetting of Natural Gas Derivative Assets and Liabilities [Table Text Block]



Offsetting of Natural Gas Derivative Assets and Liabilities
	December 31, 2014
	Gross Amounts Recognized (1)			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amount Presented in the Consolidated Balance Sheets (2)
	(in millions)
Current Assets: Non-trading derivative assets	$	115		$	(16	)	$	99
Other Assets: Non-trading derivative assets	34			(2		)	32
Current Liabilities: Non-trading derivative liabilities	(84		)	65			(19		)
Other Liabilities: Non-trading derivative liabilities	(18		)	17			(1		)
Total	$	47		$	64		$	111

________________


(1)	Gross amounts recognized include some derivative assets and liabilities that are not subject to master netting arrangements.


(2)	The derivative assets and liabilities on the Consolidated Balance Sheets exclude accounts receivable or accounts payable that, should they exist, could be used as offsets to these balances in the event of a default.



Offsetting of Natural Gas Derivative Assets and Liabilities
	December 31, 2013
	Gross Amounts Recognized (1)			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amount Presented in the Consolidated Balance Sheets (2)
	(in millions)
Current Assets: Non-trading derivative assets	$	32		$	(8	)	$	24
Other Assets: Non-trading derivative assets	11			(1		)	10
Current Liabilities: Non-trading derivative liabilities	(25		)	8			(17		)
Other Liabilities: Non-trading derivative liabilities	(5		)	1			(4		)
Total	$	13		$	—		$	13

________________


(1)	Gross amounts recognized include some derivative assets and liabilities that are not subject to master netting arrangements.


(2)	The derivative assets and liabilities on the Consolidated Balance Sheets exclude accounts receivable or accounts payable that, should they exist, could be used as offsets to these balances in the event of a default.

Income Statement Impact of Derivative Activity



Income Statement Impact of Derivative Activity
		Year Ended December 31,
Total derivatives not designated as hedging instruments	Income Statement Location	2014			2013			2011
		(in millions)
Natural gas derivatives	Gains (Losses) in Revenue	$	35		$	11		$	43
Natural gas derivatives (1) (2)	Gains (Losses) in Expense: Natural Gas	11			10			(63		)
Indexed debt securities derivative	Gains (Losses) in Other Income (Expense)	(86		)	(193		)	(71		)
Total		$	(40	)	$	(172	)	$	(91	)


(1)	The Gains (Losses) in Expense: Natural Gas includes $2 million and $(2) million during the years ended December 31, 2014 and 2013, respectively, related to physical forwards purchased from Enable.


(2)	The Gains (Losses) in Expense: Natural Gas includes $-0-, $-0- and $(38) million of costs in 2014, 2013 and 2012, respectively, associated with price stabilization activities of the Natural Gas Distribution business segment that will be ultimately recovered through purchased gas adjustments.

Credit Quality of Counterparties



	December 31, 2014				December 31, 2013
	Investment Grade(1)		Total		Investment Grade(1)		Total
Energy marketers	$	2	$	4	$	1	$	4
Financial institutions	—		—		1		9
End users (2)	2		127		1		21
Total	$	4	$	131	$	3	$	34

(1)


(2)	End users are comprised primarily of customers who have contracted to fix the price of a portion of their physical gas requirements for future periods.

- Definition

Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note).

+ References + Details

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on a Recurring Basis



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustments ⁽¹⁾			Balance at December 31, 2014
	(in millions)
Assets
Corporate equities	$	932	$	—	$	—	$	—		$	932
Investments, including money market funds	54		—		—		—			54
Natural gas derivatives (2)	7		122		20		(18		)	131
Total assets	$	993	$	122	$	20	$	(18	)	$	1,117
Liabilities
Indexed debt securities derivative	$	—	$	541	$	—	$	—		$	541
Natural gas derivatives (2)	22		77		3		(82		)	20
Total liabilities	$	22	$	618	$	3	$	(82	)	$	561


(1)	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of $64 million posted with the same counterparties.


(2)	Natural gas derivatives include no material amounts related to physical forward transactions with Enable.



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Netting Adjustments ⁽¹⁾			Balance at December 31, 2013
	(in millions)
Assets
Corporate equities	$	770	$	—	$	—	$	—		$	770
Investments, including money market funds	61		—		—		—			61
Natural gas derivatives (2)	5		33		5		(9		)	34
Total assets	$	836	$	33	$	5	$	(9	)	$	865
Liabilities
Indexed debt securities derivative	$	—	$	455	$	—	$	—		$	455
Natural gas derivatives	1		27		2		(9		)	21
Total liabilities	$	1	$	482	$	2	$	(9	)	$	476


(1)	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of less than $1 million posted with the same counterparties.


(2)	The (Level 2) Natural gas derivative assets of $33 million include $1 million related to physical forwards purchased from Enable.

Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs



	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Derivative assets and liabilities, net
	Year Ended December 31,
	2014			2013			2012
	(in millions)
Beginning balance	$	3		$	2		$	6
Total gains	14			3			3
Total settlements	1			(3		)	(6		)
Transfers out of Level 3	—			—			(1		)
Transfers into Level 3	(1		)	1			—
Ending balance (1)	$	17		$	3		$	2
The amount of total gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	$	16		$	2		$	1


(1)	During 2014, 2013 and 2012, CenterPoint Energy did not have significant Level 3 purchases or sales.

Estimated Fair Value of Financial Instruments, Debt Instruments



	December 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(in millions)
Financial assets:
Notes receivable - affiliated companies	$	363	$	362	$	363	$	363
Financial liabilities:
Long-term debt	$	8,652	$	9,427	$	8,171	$	8,670

Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

Investment in Unconsolidated Affiliates:



	Year Ended December 31,
	2014		2013
	(in millions)
Enable	$	4,520	$	4,319
SESH (1)	1		199
Total	$	4,521	$	4,518


(1)	On May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.

Equity in Earnings of Unconsolidated Affiliates, net:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Enable (1)	$	303	$	173	$	—
SESH (2)	5		15		26
Waskom (3)	—		—		5
Total	$	308	$	188	$	31


(1)	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.


(2)	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.


(3)	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.

Summarized consolidated income information for Enable is as follows:



	Year Ended December 31,
	2014		2013 (1)
	(in millions)
Operating revenues	$	3,367	$	2,123
Cost of sales, excluding depreciation and amortization	1,914		1,241
Operating income	586		322
Net income attributable to Enable	530		289

CenterPoint Energy’s approximate interest	$	298	$	168
Basis difference accretion	5		5
CenterPoint Energy’s equity in earnings, net	$	303	$	173


(1)	The amounts included in this column represent the eight month period from formation of Enable on May 1, 2013 through December 31, 2013.

Summarized consolidated balance sheet information for Enable is as follows:



	December 31,
	2014			2013
	(in millions)
Current assets	$	438		$	549
Non-current assets	11,399			10,683
Current liabilities	671			720
Non-current liabilities	2,343			2,331
Non-controlling interest	31			33
Enable partners’ capital	8,792			8,148

CenterPoint Energy’s ownership interest in Enable’s partner capital	$	4,869		$	4,753

CenterPoint Energy’s basis difference attributable to goodwill (1)	(217		)	(229		)
CenterPoint Energy’s accretable basis difference (2)	(132		)	(205		)
CenterPoint Energy’s total basis difference	(349		)	(434		)

CenterPoint Energy’s investment in Enable	$	4,520		$	4,319


(1)	The difference relates to CenterPoint Energy’s proportionate share of Enable’s goodwill arising from its acquisition of Enogex, and therefore will be recognized by CenterPoint Energy upon dilution or disposition of its interest in Enable.


(2)	The difference will be recognized by CenterPoint Energy over 30 years beginning May 1, 2013. CenterPoint Energy will also adjust the accretable basis difference for dilution or disposition of its interest in Enable.

Distributions Received from Unconsolidated Affiliates:



	Year Ended December 31,
	2014		2013		2012
	(in millions)
Enable (1)	$	298	$	106	$	—
SESH (2)	7		23		32
Waskom (3)	—		—		7
Total	$	305	$	129	$	39


(1)	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.


(2)	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.


(3)	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.

Indexed Debt Securities (ZENS) and Securities Related to ZENS (Tables)

12 Months Ended

Dec. 31, 2014

Indexed Debt Securities [Abstract]

Summarized Financial Information on Investment in Time Warner Securities and Indexed Debt Security Obligation



	TW Securities			Debt Component of ZENS			Derivative Component of ZENS
Balance at December 31, 2011	$	386		$	131		$	197
Accretion of debt component of ZENS	—			24			—
2% interest paid	—			(17		)	—
Loss on indexed debt securities	—			—			71
Gain on TW Securities	154			—			—
Balance at December 31, 2012	540			138			268
Accretion of debt component of ZENS	—			24			—
2% interest paid	—			(17		)	—
Sale of TW Securities	(9		)	—			—
Redemption of indexed debt securities	—			(2		)	(6		)
Loss on indexed debt securities	—			—			193
Gain on TW Securities	236			—			—
Balance at December 31, 2013	767			143			455
Accretion of debt component of ZENS	—			26			—
2% interest paid	—			(17		)	—
Loss on indexed debt securities	—			—			86
Gain on TW Securities	163			—			—
Balance at December 31, 2014	$	930		$	152		$	541

Short Term Borrowings and Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings and Long-term Debt



	December 31, 2014					December 31, 2013
	Long-Term			Current(1)		Long-Term			Current(1)
	(in millions)
Short-term borrowings:
Inventory financing	$	—		$	53	$	—		$	43
Total short-term borrowings	—			53		—			43
Long-term debt:
CenterPoint Energy:
ZENS (2)	—			152		—			143
Senior notes 5.95% to 6.85% due 2015 to 2018	550			200		750			—
Pollution control bonds 4.90% to 5.125% due 2015 to 2028 (3)	118			69		187			—
Commercial paper (4)	191			—		—			—
Other	2			2		—			—
CenterPoint Houston:
First mortgage bonds 9.15% due 2021	102			—		102			—
General mortgage bonds 2.25% to 6.95% due 2022 to 2044	1,912			—		1,312			—
Pollution control bonds 4.25% to 5.60% due 2017 to 2027	—			—		183			—
System restoration bonds 1.833% to 4.243% due 2015 to 2022	415			48		463			47
Transition bonds 0.90% to 5.302% due 2015 to 2024	2,259			324		2,583			307
Other	1			—		—			—
CERC Corp.:
Senior notes 4.50% to 6.625% due 2016 to 2041	2,168			—		2,168			—
Commercial paper (4)	341			—		118			—
Other	—			—		1			—
Unamortized discount and premium, net	(50		)	—		(50		)	—
Total long-term debt	8,009			795		7,817			497
Total debt	$	8,009		$	848	$	7,817		$	540


(1)	Includes amounts due or exchangeable within one year of the date noted.


(2)	CenterPoint Energy’s ZENS obligation is bifurcated into a debt component and an embedded derivative component. For additional information regarding ZENS, see Note 10(b). As ZENS are exchangeable for cash at any time at the option of the holders, these notes are classified as a current portion of long-term debt.


(3)	$118 million of these series of debt were secured by general mortgage bonds of CenterPoint Houston at both December 31, 2014 and 2013.


(4)	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.

Schedule of Revolving Credit Facilities and Utilization of Such Facilities

As of December 31, 2014 and 2013, CenterPoint Energy, CenterPoint Houston and CERC Corp. had the following revolving credit facilities and utilization of such facilities (in millions):



			December 31, 2014						December 31, 2013
	Size of Facility		Loans		Letters of Credit		Commercial Paper		Loans		Letters of Credit		Commercial Paper
CenterPoint Energy	$	1,200	$	—	$	6	$	191	$	—	$	6	$	—
CenterPoint Houston	300		—		4		—		—		4		—
CERC Corp.	600		—		—		341		—		—		118
Total	$	2,100	$	—	$	10	$	532	$	—	$	10	$	118

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Expense

The components of CenterPoint Energy’s income tax expense were as follows:



	Year Ended December 31,
	2014			2013			2012
	(in millions)
Current income tax expense (benefit):
Federal	$	(20	)	$	91		$	—
State	14			23			12
Total current expense (benefit)	(6		)	114			12
Deferred income tax expense (benefit):
Federal	273			370			280
State	7			(14		)	48
Total deferred expense	280			356			328
Total income tax expense	$	274		$	470		$	340

Reconciliation of Expected Federal Income Tax Expense to Actual

A reconciliation of income tax expense using the federal statutory income tax rate to the actual income tax expense and resulting effective income tax rate is as follows:



	Year Ended December 31,
	2014			2013			2012
	(in millions)
Income before income taxes	$	885		$	781		$	757
Federal statutory income tax rate	35.0		%	35.0		%	35.0		%
Expected federal income tax expense	310			273			265
Increase (decrease) in tax expense resulting from:
State income tax expense, net of federal income tax	16			21			39
Amortization of investment tax credit	—			—			(2		)
Tax effect related to the formation of Enable	—			196			—
Decrease in settled and uncertain income tax positions	—			(9		)	(33		)
Goodwill impairment	—			—			88
Tax basis balance sheet adjustments	(29		)	—			—
Other, net	(23		)	(11		)	(17		)
Total	(36		)	197			75
Total income tax expense	$	274		$	470		$	340
Effective tax rate	31.0		%	60.2		%	44.9		%

Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities were as follows:



	December 31,
	2014			2013
	(in millions)
Deferred tax assets:
Current:
Allowance for doubtful accounts	$	10		$	11
Deferred gas costs	—			7
Other	13			12
Total current deferred tax assets	23			30
Non-current:
Loss and credit carryforwards	69			51
Employee benefits	327			258
Other	89			76
Total non-current deferred tax assets before valuation allowance	485			385
Valuation allowance	(2		)	(2		)
Total non-current deferred tax assets, net of valuation allowance	483			383
Total deferred tax assets, net of valuation allowance	506			413
Deferred tax liabilities:
Current:
Unrealized gain on indexed debt securities	636			541
Unrealized gain on TW securities	65			97
Deferred gas costs	6			—
Total current deferred tax liabilities	707			638
Non-current:
Depreciation	2,201			1,908
Regulatory assets, net	1,228			1,308
Investment in unconsolidated affiliates	1,789			1,590
Other	21			119
Total non-current deferred tax liabilities	5,239			4,925
Total deferred tax liabilities	5,946			5,563
Accumulated deferred income taxes, net	$	5,440		$	5,150

Rollforward of Unrecognized Tax Benefits

Uncertain Income Tax Positions. The following table reconciles the beginning and ending balance of CenterPoint Energy’s unrecognized tax benefits (expenses):



	December 31,
	2014		2013			2012
	(in millions)
Balance, beginning of year	$	—	$	(23	)	$	51
Tax Positions related to prior years:
Reductions	—		(1		)	(75		)
Tax Positions related to current year:
Settlements	—		24			1
Balance, end of year	$	—	$	—		$	(23	)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Lease Commitments



2015	$	5
2016	4
2017	3
2018	2
2019	2
2020 and beyond	7
Total	$	23

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per share calculations:



	For the Year Ended December 31,
	2014		2013		2012
	(in millions, except per share and share amounts)
Net income	$	611	$	311	$	417

Basic weighted average shares outstanding	429,634,000		428,466,000		427,189,000
Plus: Incremental shares from assumed conversions:
Stock options	—		41,000		152,000
Restricted stock	2,034,000		2,423,000		2,453,000
Diluted weighted average shares	431,668,000		430,930,000		429,794,000

Basic earnings per share	$	1.42	$	0.73	$	0.98

Diluted earnings per share	$	1.42	$	0.72	$	0.97

Unaudited Quarterly Information (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Summarized quarterly financial data is as follows:



	Year Ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter (3)
	(in millions, except per share amounts)
Revenues	$	3,163	$	1,884	$	1,807	$	2,372
Operating income	295		186		233		221
Net income	185		107		143		176

Basic earnings per share(1)	$	0.43	$	0.25	$	0.33	$	0.41

Diluted earnings per share(1)	$	0.43	$	0.25	$	0.33	$	0.41



	Year Ended December 31, 2013
	First Quarter		Second Quarter (2)			Third Quarter		Fourth Quarter
	(in millions, except per share amounts)
Revenues	$	2,388	$	1,894		$	1,640	$	2,184
Operating income	332		223			244		211
Net income (loss)	$	147	$	(100	)	$	151	$	113

Basic earnings (loss) per share(1)	$	0.34	$	(0.23	)	$	0.35	$	0.26

Diluted earnings (loss) per share(1)	$	0.34	$	(0.23	)	$	0.35	$	0.26


(1)	Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.


(2)	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.


(3)	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.

Reportable Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Financial Data for Business Segments

Financial data for business segments and products and services are as follows (in millions):



	Revenues from External Customers			Intersegment Revenues			Depreciation and Amortization		Operating Income (Loss)			Total Assets				Expenditures for Long-Lived Assets
As of and for the year ended December 31, 2014:
Electric Transmission & Distribution	$	2,845	(1)	$	—		$	768	$	595		$	10,066			$	818
Natural Gas Distribution	3,271			30			201		287			5,464				525
Energy Services	3,095			84			5		52			978				3
Midstream Investments (2)	—			—			—		—			4,521				—
Other	15			—			39		1			3,368			(3)	56
Reconciling Eliminations	—			(114		)	—		—			(1,197		)		—
Consolidated	$	9,226		$	—		$	1,013	$	935		$	23,200			$	1,402
As of and for the year ended December 31, 2013:
Electric Transmission & Distribution	$	2,570	(1)	$	—		$	685	$	607		$	9,605			$	759
Natural Gas Distribution	2,837			26			185		263			4,976				430
Energy Services	2,374			27			5		13			895				3
Interstate Pipelines (4) (6)	133			53			20		72			—				29
Field Services (5) (6)	178			18			20		73			—				16
Midstream Investments (2)	—			—			—		—			4,518				—
Other	14			—			39		(18		)	3,026			(3)	35
Reconciling Eliminations	—			(124		)	—		—			(1,150		)		—
Consolidated	$	8,106		$	—		$	954	$	1,010		$	21,870			$	1,272
As of and for the year ended December 31, 2012:
Electric Transmission & Distribution	$	2,540	(1)	$	—		$	729	$	639		$	11,174			$	599
Natural Gas Distribution	2,320			22			173		226			4,775				359
Energy Services	1,758			26			6		(250		)	839				6
Interstate Pipelines (4)	356			146			56		207			4,004				132
Field Services (5)	467			39			50		214			2,453				52
Other	11			—			36		2			2,600			(3)	40
Reconciling Eliminations	—			(233		)	—		—			(2,974		)		—
Consolidated	$	7,452		$	—		$	1,050	$	1,038		$	22,871			$	1,188

(1)

(2)


(3)	Included in total assets of Other Operations as of December 31, 2014, 2013 and 2012, are pension and other postemployment related regulatory assets of $795 million, $627 million and $832 million, respectively.

(4)

(5)


(6)	Results reflected in the year ended December 31, 2013 represent only January 2013 through April 2013.

Revenues by Products and Services



	Year Ended December 31,
Revenues by Products and Services:	2014		2013		2012

Electric delivery	$	2,845	$	2,570	$	2,540
Retail gas sales	5,049		4,150		3,328
Wholesale gas sales	1,159		913		613
Gas transportation and processing	38		345		847
Energy products and services	135		128		124
Total	$	9,226	$	8,106	$	7,452

Background (Details)	Dec. 31, 2014	May 30, 2014	Mar. 31, 2014
Enable Midstream Partners [Member]
Equity Method Investment, Ownership Percentage	55.40%	54.70%	58.30%

Summary of Significant Accounting Policies (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

May 01, 2013

Jul. 31, 2012

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

May 30, 2014

Dec. 31, 2011

Significant Accounting Policies [Line Items]

Investment in unconsolidated affiliates

$ 4,521

$ 4,518

Acquisitions, net of cash acquired

$ 360

Step Acquisition, Equity Interest in Acquiree, Percentage

136

Amount of removal costs recognized as a component of depreciation expense recorded as a regulatory liability

1,206

1,152

Capitalized Interest Costs, Including Allowance for Funds Used During Construction

Provision for doubtful accounts

Inventory

379

285

Cash and cash equivalents

298

208

646

$ 220

Inventory Write-down

Variable Interest Entity, Primary Beneficiary [Member]

Significant Accounting Policies [Line Items]

Cash and cash equivalents

$ 290

207

Waskom Plus Gathering and Related Assets [Member]

Significant Accounting Policies [Line Items]

Acquisitions, net of cash acquired

$ 273

Waskom Gas Processing Company [Member]

Significant Accounting Policies [Line Items]

Percentage of Ownership in Affiliate 2 Acquired

50.00%

Step Acquisition, Equity Interest in Acquiree, Percentage

$ 136

Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage

50.00%

Enable Midstream Partners [Member]

Significant Accounting Policies [Line Items]

Incentive Distribution Right, Maximum

50.00%

Enable Midstream Partners [Member] | OGE [Member]

Significant Accounting Policies [Line Items]

Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage

26.30%

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

50.00%

Incentive Distribution Right

60.00%

Enable Midstream Partners [Member] | CERC Corp [Member]

Significant Accounting Policies [Line Items]

Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage

55.40%

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

50.00%

Incentive Distribution Right

40.00%

Enable Midstream Partners [Member] | Minimum [Member]

Significant Accounting Policies [Line Items]

Incentive Distribution, Distribution Per Unit

$ 0.2875

Enable Midstream Partners [Member] | Maximum [Member]

Significant Accounting Policies [Line Items]

Incentive Distribution, Distribution Per Unit

$ 0.330625

Prepaid Expenses and Other Current Assets [Member]

Significant Accounting Policies [Line Items]

Restricted cash accounts

$ 47

Materials And Supplies [Member]

Significant Accounting Policies [Line Items]

Inventory

168

140

Public Utilities, Inventory, Natural Gas [Member]

Significant Accounting Policies [Line Items]

Inventory

211

145

Other Income [Member]

Significant Accounting Policies [Line Items]

Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity

$ 6

Removal Costs [Member]

Significant Accounting Policies [Line Items]

Amount of removal costs recognized as a component of depreciation expense recorded as a regulatory liability

958

941

Enogex LLC [Member] | OGE ARCLIGHT [Member]

Significant Accounting Policies [Line Items]

Equity Interest Contributed, Percentage

100.00%

Southeast Supply Header LLC [Member]

Significant Accounting Policies [Line Items]

Equity Method Investment, Additional Contribution of Ownership Percentage

24.95%

Investment in unconsolidated affiliates

^[1]

199

Southeast Supply Header LLC [Member] | CERC Corp [Member]

Significant Accounting Policies [Line Items]

Equity Interest Contributed, Percentage

24.95%

Enable Midstream Partners [Member]

Significant Accounting Policies [Line Items]

Contributed Assets

$ 5,800

Contributed Assets, Plant, Property and Equipments

4,700

Goodwill, Transfers

629

Contributed Liabilities

1,500

Debt repayment by affiliate

1,050

Debt of Affiliate

363

Investment in unconsolidated affiliates

4,300

$ 4,520

$ 4,319

Southeast Supply Header LLC [Member] | Enable Midstream Partners [Member]

Significant Accounting Policies [Line Items]

Contributed Assets, Equity Method Investment

$ 197

Equity Method Investment, Additional Contribution of Ownership Percentage

24.95%

[1]	On May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.

Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment, Net, by Type [Abstract]
Total	$ 15,358	$ 14,138
Total accumulated depreciation and amortization	4,856	4,545
Property, plant and equipment, net	10,502	9,593
Depreciation and Amortization [Abstract]
Depreciation expense	521	531	$ 562
Amortization	492	423	488
Total depreciation and amortization expense	1,013	954	1,050
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	134	164
Accretion expense	5	5
Revisions in estimates of cash flows	37	(35)
Ending balance	176	134	164
Electric Transmission & Distribution [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Total	9,393	8,741
Total accumulated depreciation and amortization	3,050	2,907
Depreciation and Amortization [Abstract]
Total depreciation and amortization expense	768	685	729
Natural Gas Distribution [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Total	5,235	4,694
Total accumulated depreciation and amortization	1,493	1,324
Depreciation and Amortization [Abstract]
Total depreciation and amortization expense	201	185	173
Energy Services [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Total	84	82
Total accumulated depreciation and amortization	31	28
Depreciation and Amortization [Abstract]
Total depreciation and amortization expense	5	5	6
Other property [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Total	646	621
Total accumulated depreciation and amortization	282	286
Depreciation and Amortization [Abstract]
Total depreciation and amortization expense	$ 39	$ 39	$ 36
Weighted Average [Member] \| Electric Transmission & Distribution [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Weighted Average Useful Lives	31 years
Weighted Average [Member] \| Natural Gas Distribution [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Weighted Average Useful Lives	33 years
Weighted Average [Member] \| Energy Services [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Weighted Average Useful Lives	27 years
Weighted Average [Member] \| Other property [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Weighted Average Useful Lives	22 years

Goodwill (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Goodwill [Line Items]

Goodwill

$ 840

Goodwill impairment

$ 252

Natural Gas Distribution [Member]

Goodwill [Line Items]

Goodwill

746

Energy Services [Member]

Goodwill [Line Items]

Goodwill

^[1]

Goodwill impairment

$ 252

Other [Member]

Goodwill [Line Items]

Goodwill

$ 11

[1]	Amounts presented are net of accumulated goodwill impairment charge of $252 million

Regulatory Accounting (Regulatory Assets and Liabilities) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Schedule of Regulatory Assets and Liabilities [Line Items]

Unrecognized equity return (1)

^[1]

$ (442)

$ (508)

Total regulatory assets

3,527

3,726

Regulatory liabilities

1,206

1,152

Total regulatory assets and liabilities, net

2,321

2,574

Amount of allowed equity return on the true-up balance that was recognized in the period

$ 47

Removal Costs [Member]

Schedule of Regulatory Assets and Liabilities [Line Items]

Regulatory liabilities

958

941

Other Regulatory Assets (Liabilities) [Member]

Schedule of Regulatory Assets and Liabilities [Line Items]

Regulatory liabilities

248

211

Pension and Other Postretirement Plans Costs [Member]

Schedule of Regulatory Assets and Liabilities [Line Items]

Remaining amounts of regulatory assets for which no return on investment during recovery period is provided

Securitized regulatory assets

Schedule of Regulatory Assets and Liabilities [Line Items]

Total regulatory assets

2,738

3,179

Unamortized loss on reacquired debt

Schedule of Regulatory Assets and Liabilities [Line Items]

Total regulatory assets

104

111

Pension and postretirement-related regulatory asset (2)

Schedule of Regulatory Assets and Liabilities [Line Items]

Total regulatory assets

^[2]

922

732

Other Regulatory Assets (Liabilities) [Member]

Schedule of Regulatory Assets and Liabilities [Line Items]

Total regulatory assets

^[3]

$ 205

$ 212

[1]	As of December 31, 2014, CenterPoint Energy has not recognized an allowed equity return of $442 million because such return will be recognized as it is recovered in rates through 2024. During the years ended December 31, 2014, 2013 and 2012, CenterPoint Houston recognized approximately $68 million, $45 million and $47 million, respectively, of the allowed equity return. The timing of CenterPoint Energy’s recognition of the allowed equity return will vary each period based on amounts actually collected during the period. The actual amounts recovered for the allowed equity return are reviewed and adjusted at least annually by the Texas Utility Commission to correct any over-collections or under-collections during the preceding 12 months and to provide for the full and timely recovery of the allowed equity return.
[2]	CenterPoint Houston’s actuarially determined pension and other postemployment expense in excess of the amount being recovered through rates is being deferred for rate making purposes. Deferred pension and other postemployment expenses of $-0- and $5 million as of December 31, 2014 and 2013, respectively, were not earning a return.
[3]	Other regulatory assets that are not earning a return were not material as of December 31, 2014 and 2013.

Stock-Based Incentive Compensation Plans and Employee Benefit Plans (Stock Based Incentive Compensation) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under long-term incentive plans (in shares)	14,000
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Income tax benefit recognized related to LTIPs	$ 7	$ 7	$ 7
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	0	0	0
Actual tax benefit realized for tax deductions related to LTIPs	$ 13	$ 13	14
Changes in shares outstanding under all long-term incentive plans, additional disclosures [Abstract]
Number of options outstanding, beginning balance (in shares)	120
Number of options exercised (in shares)	(120)
Number of options outstanding, ending balance (in shares)	0	120
Number of exercisable options (in shares)	0
Weighted average exercise price per option, outstanding, beginning of period (in dollars per share)	$ 10.93
Weighted average exercise price per option exercised (in dollars per share)	$ 10.93
Weighted average exercise price per option, outstanding, end of period (in dollars per share)		$ 10.93
Cash received from options exercised	$ 1	$ 3	3
valuation data [Abstract]
Total intrinsic value of stock options exercised in the period	2	4	6
Total grant date fair values of performance and stock awards which vested during the period	$ 21	$ 19	$ 19
Performance Shares [Member]
Summary of nonvested shares [Roll Forward]
Nonvested, beginning of period (in shares)	2,703
Granted (in shares)	1,198
Forfeited or cancelled (in shares)	(515)
Vested and released to participants (in shares)	(926)
Nonvested, end of period (in shares)	2,460	2,703
Weighted average grant date fair value, nonvested, beginning of period (in dollars per share)	$ 18.17
Weighted average grant date fair values of awards granted (in dollars per share)	23.70	$ 20.67	$ 18.79
Weighted average grant date fair value, forfeited or cancelled (in dollars per share)	21.09
Weighted average grant date fair value, vested and released to participants (in dollars per share)	15.50
Weighted average grant date fair value, nonvested, end of period (in dollars per share)	$ 21.26	$ 18.17
Remaining average contractual life of nonvested shares outstanding (in years)	1 year 1 month
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 40
valuation data [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 24	$ 20	$ 24
Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Dividends declared during the vesting period (in dollars per share)		$ 2.49	$ 2.43
Summary of nonvested shares [Roll Forward]
Nonvested, beginning of period (in shares)	898
Granted (in shares)	322
Forfeited or cancelled (in shares)	(122)
Vested and released to participants (in shares)	(375)
Nonvested, end of period (in shares)	723	898
Weighted average grant date fair value, nonvested, beginning of period (in dollars per share)	$ 18.72
Weighted average grant date fair values of awards granted (in dollars per share)	23.89	$ 21.53	$ 18.96
Weighted average grant date fair value, forfeited or cancelled (in dollars per share)	21.60
Weighted average grant date fair value, vested and released to participants (in dollars per share)	17.03
Weighted average grant date fair value, nonvested, end of period (in dollars per share)	$ 21.41	$ 18.72
Remaining average contractual life of nonvested shares outstanding (in years)	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 17
valuation data [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	10	$ 10	$ 9
Performance and Stock Awards [Member]
valuation data [Abstract]
Unrecognized compensation cost related to non-vested performance and stock awards	$ 17
Weighted average period of recognition (in years)	1 year 7 months
Operation And Maintenance Expense Member
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
LTIP compensation expense	$ 18	$ 19	$ 18

Stock-Based Incentive Compensation Plans and Employee Benefit Plans (Pension and Postretirement Benefits) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Pension and Postretirement Benefits [Abstract]

New percentage of eligible earnings used to determine retirement benefits (in hundredths)

5.00%

Percent vested

100.00%

Pension plan minimum vesting period (in years)

3 years

Approximate amortization period of transition obligation (in years)

20 years

Amounts recognized in balance sheets

Other liabilities-benefit obligations

$ (953)

$ (802)

$ (953)

$ (802)

Annualized individual discount rates based on time period, minimum

6 months

Annualized individual discount rates based on time period, maximum

99 years

Amounts reclassified from accumulated other comprehensive income: [Abstract]

Beginning Balance

$ (88)

(132)

Other comprehensive income (loss) before reclassifications (1)

^[1]

(3)

Amounts reclassified from accumulated other comprehensive income:

Amortization of prior service credit

^[2]

Actuarial losses (2)

^[2]

Total reclassifications from accumulated other comprehensive income

Tax expense

(5)

(25)

$ (2)

Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent

(2)

Ending Balance

$ (85)

$ (88)

(85)

(88)

(132)

Changes in plan assets and benefit obligations recognized in other comprehensive income

Amortization of prior service credit

^[2]

Effect of a one-percentage point change in assumed health care cost trend rates

Effect of a one-percentage point increase on post-retirement benefit obligation

Effect of a one-percentage point decrease on post-retirement benefit obligation

Effect of a one-percentage point increase on total service and interest cost

Effect of a one-percentage point decrease on total service and interest cost

Postretirement Benefits [Member]

Components of net periodic costs [Abstract]

Service cost

Interest cost

Expected return on plan assets

(7)

Amortization of prior service cost (credit)

(1)

Amortization of net loss

Amortization of transition obligation

Benefit enhancement

Curtailment (1)

^[3]

Net periodic cost

$ 22

$ 29

$ 32

Assumptions used to determine net periodic benefit (income) cost

Discount rate

4.75%

3.90%

4.80%

Expected return on plan assets

5.20%

5.50%

Rate of increase in compensation levels

0.00%

Change in benefit obligation [Roll Forward]

Benefit obligation, beginning of year

$ 476

$ 538

Service cost

$ 1

Interest cost

Participant contributions

Benefits paid

(32)

(34)

Actuarial (gain) loss

(60)

Medicare reimbursement

Plan amendment

Curtailment

(2)

Benefit obligation, end of year

$ 529

$ 476

529

476

538

Change in plan assets [Rollforward]

Fair value of plan assets, beginning of year

140

139

Employer contributions

Participant contributions

Benefits paid

(32)

(34)

Actual investment return

Fair value of plan assets, end of year

141

140

141

140

$ 139

Funded status of plan

Funded status, end of year

(388)

(336)

(388)

(336)

Amounts recognized in balance sheets

Current liabilities-other

(9)

Other liabilities-benefit obligations

(379)

(327)

(379)

(327)

Net liability, end of year

$ (388)

$ (336)

$ (388)

$ (336)

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

3.90%

4.75%

3.90%

4.75%

Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets

5.20%

5.50%

Defined Benefit Plan Prescription Drug Cost Trend Rate Assumed For Next Fiscal Year

6.50%

7.00%

Defined Benefit Plan, Ultimate Health Care Cost Trend Rate

5.00%

5.50%

Defined Benefit Plan, Year that Rate Reaches Ultimate Trend Rate

2024

2018

2024

2018

Defined Benefit Plan Year That Prescription Drug Rate Reaches Ultimate Trend Rate

2024

2018

Amounts reclassified from accumulated other comprehensive income:

Amortization of prior service credit

$ (1)

Total expense recognized in net periodic cost and other comprehensive income

Amounts recognized in accumulated other comprehensive loss

Unrecognized actuarial loss

$ 14

$ 7

Unrecognized prior service cost

Net amount recognized in accumulated other comprehensive loss

$ 16

$ 8

Changes in plan assets and benefit obligations recognized in other comprehensive income

Net gain (loss)

(6)

Amortization of net loss (gain)

(1)

Amortization of prior service credit

(1)

Total recognized in comprehensive income

(8)

Amounts that will be amortized from accumulated other comprehensive loss in next fiscal year

Unrecognized actuarial loss

Unrecognized prior service cost

Amounts in accumulated comprehensive loss to be recognized in net periodic cost in 2015

Pension Plan [Member]

Components of net periodic costs [Abstract]

Service cost

$ 35

Interest cost

100

Expected return on plan assets

(125)

(135)

(121)

Amortization of prior service cost (credit)

Amortization of net loss

Amortization of transition obligation

Benefit enhancement

Curtailment (1)

^[3]

Net periodic cost

$ 77

$ 72

$ 82

Assumptions used to determine net periodic benefit (income) cost

Discount rate

4.80%

4.00%

4.90%

Expected return on plan assets

6.50%

7.00%

8.00%

Rate of increase in compensation levels

3.90%

4.00%

4.20%

Change in benefit obligation [Roll Forward]

Benefit obligation, beginning of year

$ 2,153

$ 2,316

Service cost

$ 35

Interest cost

100

Participant contributions

Benefits paid

(156)

(142)

Actuarial (gain) loss

264

(155)

Medicare reimbursement

Plan amendment

Curtailment

Benefit obligation, end of year

$ 2,403

$ 2,153

2,403

2,153

2,316

Change in plan assets [Rollforward]

Fair value of plan assets, beginning of year

1,803

1,698

Employer contributions

Participant contributions

Benefits paid

(156)

(142)

Actual investment return

181

156

Fair value of plan assets, end of year

1,925

1,803

1,925

1,803

$ 1,698

Funded status of plan

Funded status, end of year

(478)

(350)

(478)

(350)

Amounts recognized in balance sheets

Current liabilities-other

(31)

(9)

(31)

(9)

Other liabilities-benefit obligations

(447)

(341)

(447)

(341)

Net liability, end of year

$ (478)

$ (350)

$ (478)

$ (350)

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

4.05%

4.80%

4.05%

4.80%

Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets

6.50%

7.00%

8.00%

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase

4.00%

3.90%

4.00%

3.90%

Accumulated benefit obligation for all defined benefit pension plans

$ 2,371

$ 2,123

$ 2,371

$ 2,123

Amounts reclassified from accumulated other comprehensive income:

Amortization of prior service credit

Total expense recognized in net periodic cost and other comprehensive income

Amounts recognized in accumulated other comprehensive loss

Unrecognized actuarial loss

113

126

113

126

Unrecognized prior service cost

Net amount recognized in accumulated other comprehensive loss

117

138

117

138

Changes in plan assets and benefit obligations recognized in other comprehensive income

Net gain (loss)

Amortization of net loss (gain)

Amortization of prior service credit

Total recognized in comprehensive income

Amounts that will be amortized from accumulated other comprehensive loss in next fiscal year

Unrecognized actuarial loss

Unrecognized prior service cost

Amounts in accumulated comprehensive loss to be recognized in net periodic cost in 2015

Pension Plan Qualified [Member]

Change in plan assets [Rollforward]

Employer contributions

Pension benefits that have accumulated benefit obligations in excess of plan assets

Accumulated benefit obligation

2,273

2,031

2,273

2,031

Projected benefit obligation

2,304

2,061

2,304

2,061

Fair value of plan assets

1,925

1,803

1,925

1,803

Pension Plan Non Qualified [Member]

Change in plan assets [Rollforward]

Employer contributions

Pension benefits that have accumulated benefit obligations in excess of plan assets

Accumulated benefit obligation

Projected benefit obligation

Fair value of plan assets

$ 0

Age Pre 65 [Member] | Postretirement Benefits [Member]

Amounts recognized in balance sheets

Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year

7.25%

7.00%

Age Post 65 [Member] | Postretirement Benefits [Member]

Amounts recognized in balance sheets

Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year

8.50%

7.50%

[1]	Total other comprehensive income (loss) related to the re-measurement of pension, postretirement and other postemployment plans.
[2]	These accumulated other comprehensive components are included in the computation of net periodic cost.
[3]	During the fourth quarter of 2014, CenterPoint Energy recognized a curtailment pension loss of $6 million related to employees seconded to Enable. Substantially all of the seconded employees became employees of Enable effective January 1, 2015.

Stock-Based Incentive Compensation Plans and Employee Benefit Plans (Plan Assets) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Savings Plan [Abstract]

Maximum percentage of eligible compensation employees may contribute to the savings plan (in hundredths)

50.00%

Defined Contribution Plan, Employer Matching Contribution, Percent of Match

100.00%

Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay

6.00%

Number of Common stock held by the savings plan (in shares)

17,497,676

Percentage of investment in common stocks (in hundredths)

20.00%

Defined Contribution Plan, Cost Recognized

$ 39

$ 38

$ 36

Postemployment Benefits [Abstract]

Postemployment Benefits, Period Expense

Other Non-Qualified Plans [Abstract]

Benefit expense related to deferred compensation plans

Pension Plan [Member]

Pension plan assets, fair value

1,925

1,803

1,698

Obligation To Return Cash Received As Collateral From Securities Lending,

(86)

(71)

Total contributions to the plans during the period

Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]

Pension benefit payments 2015

223

Pension benefit payments 2016

143

Pension benefit payments 2017

147

Pension benefit payments 2018

154

Pension benefit payments 2019

152

Pension benefit payments 2020 - 2024

785

Postretirement Benefits [Member]

Pension plan assets, fair value

141

140

$ 139

Total contributions to the plans during the period

Estimated future contributions in the next fiscal year

Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]

Pension benefit payments 2015

Pension benefit payments 2016

Pension benefit payments 2017

Pension benefit payments 2018

Pension benefit payments 2019

Pension benefit payments 2020 - 2024

228

Medicare subsidy receipts - 2015

(4)

Medicare subsidy receipts - 2016

(4)

Medicare subsidy receipts - 2017

(5)

Medicare subsidy receipts - 2018

(5)

Medicare subsidy receipts - 2019

(6)

Medicare subsidy receipts - 2020 - 2024

(39)

Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

346

354

Obligation To Return Cash Received As Collateral From Securities Lending,

(86)

(71)

Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

141

140

Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

1,578

1,448

Obligation To Return Cash Received As Collateral From Securities Lending,

Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Obligation To Return Cash Received As Collateral From Securities Lending,

Fair Value, Inputs, Level 3 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

$ 0

U.S. Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

12.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

28.00%

Pension plan assets, fair value

$ 83

U.S. Equity [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

14.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

24.00%

U.S. Equity [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 83

U.S. Equity [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

U.S. Equity [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 0

International Developed Market Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

7.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

17.00%

International Developed Market Equity [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

3.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

13.00%

Emerging Market Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

3.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

13.00%

Emerging Market Equity [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

0.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

0.00%

Fixed Income [Member] | Pension Plan [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

54.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

66.00%

Fixed Income [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

68.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

78.00%

Cash and Cash Equivalents [Member] | Pension Plan [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

0.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

2.00%

Pension plan assets, fair value

$ 6

Cash and Cash Equivalents [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Target Plan Asset Allocations Range Minimum

0.00%

Defined Benefit Plan, Target Plan Asset Allocations Range Maximum

2.00%

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 6

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Common Collective Trust Funds [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 1,108

^[1]

$ 1,107

^[2]

Common Collective Trust Funds [Member] | International Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

22.00%

25.00%

Common Collective Trust Funds [Member] | Fixed Income Funds [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

61.00%

50.00%

Common Collective Trust Funds [Member] | U.S. Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

14.00%

20.00%

Common Collective Trust Funds [Member] | Emerging Market Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

3.00%

5.00%

Common Collective Trust Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 0

^[1]

$ 0

^[2]

Common Collective Trust Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

1,108

^[1]

1,107

^[2]

Common Collective Trust Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

^[1]

^[2]

Investment grade or above [Member] | Pension Plan [Member]

Pension plan assets, fair value

368

256

Investment grade or above [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Investment grade or above [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

368

256

Investment grade or above [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

International equities [Member] | Pension Plan [Member]

Pension plan assets, fair value

International equities [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

International equities [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

International equities [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Cash received as collateral from securities [Member] | Pension Plan [Member]

Pension plan assets, fair value

Cash received as collateral from securities [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Cash received as collateral from securities [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Cash received as collateral from securities [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

US Government Agencies Debt Securities [Member] | Pension Plan [Member]

Pension plan assets, fair value

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

U.S. treasuries [Member] | Pension Plan [Member]

Pension plan assets, fair value

U.S. treasuries [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

U.S. treasuries [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

U.S. treasuries [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Mortgage backed securities [Member] | Pension Plan [Member]

Pension plan assets, fair value

Mortgage backed securities [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Mortgage backed securities [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Mortgage backed securities [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Asset backed securities [Member] | Pension Plan [Member]

Pension plan assets, fair value

Asset backed securities [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Asset backed securities [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Asset backed securities [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Municipal bonds [Member] | Pension Plan [Member]

Pension plan assets, fair value

Municipal bonds [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Municipal bonds [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Municipal bonds [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Mutual funds [Member] | Pension Plan [Member]

Pension plan assets, fair value

161

^[3]

172

^[4]

Mutual funds [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

$ 141

^[5]

$ 140

^[6]

Mutual funds [Member] | International Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

57.00%

58.00%

Mutual funds [Member] | International Equity [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

8.00%

Mutual funds [Member] | Fixed Income Funds [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

73.00%

72.00%

Mutual funds [Member] | U.S. Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

13.00%

12.00%

Mutual funds [Member] | U.S. Equity [Member] | Postretirement Benefits [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

19.00%

20.00%

Mutual funds [Member] | Emerging Market Equity [Member] | Pension Plan [Member]

Defined Benefit Plan, Actual Plan Asset Allocations

30.00%

Mutual funds [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

$ 161

^[3]

$ 172

^[4]

Mutual funds [Member] | Fair Value, Inputs, Level 1 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

141

^[5]

140

^[6]

Mutual funds [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

^[3]

^[4]

Mutual funds [Member] | Fair Value, Inputs, Level 2 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

^[5]

^[6]

Mutual funds [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

^[3]

^[4]

Mutual funds [Member] | Fair Value, Inputs, Level 3 [Member] | Postretirement Benefits [Member]

Pension plan assets, fair value

^[5]

^[6]

International government bonds [Member] | Pension Plan [Member]

Pension plan assets, fair value

International government bonds [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

International government bonds [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

International government bonds [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Real estate [Member] | Pension Plan [Member]

Pension plan assets, fair value

Real estate [Member] | Fair Value, Inputs, Level 1 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Real estate [Member] | Fair Value, Inputs, Level 2 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Real estate [Member] | Fair Value, Inputs, Level 3 [Member] | Pension Plan [Member]

Pension plan assets, fair value

Benefit Obligation [Member]

Postemployment Benefits [Abstract]

Postemployment benefit obligations

Other Non-Qualified Plans [Abstract]

Other non-qualified plans benefit obligations deferred compensation

Benefit obligations related to split-dollar life insurance arrangements

Pension Plan Qualified [Member]

Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation

2,273

2,031

Total contributions to the plans during the period

Estimated future contributions in the next fiscal year

Pension Plan Non Qualified [Member]

Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation

$ 92

Total contributions to the plans during the period

Estimated future contributions in the next fiscal year

$ 31

[1]	61% of the amount invested in common collective trust funds is in fixed income securities, 14% is in U.S. equities, 22% is in international equities and 3% is in emerging market equities.
[2]	50% of the amount invested in common collective trust funds is in fixed income securities, 20% is in U.S. equities, 25% is in international equities and 5% is in emerging market equities.
[3]	57% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 13% is in U.S. equities.
[4]	58% of the amount invested in mutual funds is in international equities, 30% is in emerging market equities and 12% is in U.S. equities.
[5]	73% of the amount invested in mutual funds is in fixed income securities, 19% is in U.S. equities and 8% is in international equities.
[6]	72% of the amount invested in mutual funds is in fixed income securities, 20% is in U.S. equities and 8% is in international equities.

Stock-Based Incentive Compensation Plans and Employee Benefit Plans (Change in Control Agreements and Other Employee Matters) (Details)	12 Months Ended
	Dec. 31, 2014
Concentration Risk [Line Items]
Maximum Number Of Times Annual Salary Included In Severance Benefits	3
Number of Employees, Total [Member] \| Employees Subject To Collective Bargaining Agreements [Member] \| Labor Force Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	31.00%
Workforce Subject to Collective Bargaining Arrangements Expiring within One Year [Member] \| Employees Subject To Collective Bargaining Agreements [Member] \| Labor Force Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	8.00%

Derivative Instruments (Details)
MMcf in Thousands, $ in Millions

12 Months Ended

Dec. 31, 2014

USD ($)

MMcf

Dec. 31, 2013

USD ($)

MMcf

Dec. 31, 2012

USD ($)

Weather Hedges [Abstract]

Term of normal weather used as the basis for weather hedges (in years)

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

$ 149

$ 43

Derivative Liability, Fair Value, Gross Liability

643

485

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

(40)

(172)

$ (91)

Derivative, Credit Risk Related Contingent Features [Abstract]

Total fair value of the derivative instruments that contain credit risk contingent features that are in a net liability position

The aggregate fair value of assets already posted as collateral

Credit Risk Contingent Features assets

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

$ 131

$ 34

Energy Related Derivative [Member]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative, Nonmonetary Notional Amount, Volume | MMcf

804

607

Derivative Assets (Liabilities), at Fair Value, Net

^[1]

$ 111

$ 13

Collateral netting

Derivative, Fair Value, Net

^[2]

Derivative, fair value, offsets, net

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

^[3],[4]

(63)

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement

^[2]

115

Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset

(16)

(8)

Natural gas derivatives (2)

^[1]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement

^[2]

Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset

(2)

(1)

Natural gas derivatives (2)

^[1]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

^[2]

(84)

(25)

Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset

Derivative Liability

^[1]

(19)

(17)

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

^[2]

(18)

(5)

Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset

Derivative Liability

^[1]

(1)

(4)

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

101

^[5],[6],[7]

^[8],[9],[10]

Derivative Liability, Fair Value, Gross Liability

^[5],[6],[7]

^[8],[9],[10]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

^[5],[6],[7]

^[8],[10]

Derivative Liability, Fair Value, Gross Liability

^[5],[6],[7]

^[8],[10]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

^[5],[6],[7]

^[8],[10]

Derivative Liability, Fair Value, Gross Liability

^[5],[6],[7]

^[8],[10]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

^[5],[6],[7]

^[8],[10]

Derivative Liability, Fair Value, Gross Liability

^[5],[6],[7]

^[8],[10]

Weather Hedge Swaps [Member] | Gains (Losses) in Revenue [Member]

Weather Hedges [Abstract]

Gain (loss) recognized from weather hedges

(11)

(22)

IDS Derivative [Member] | Nonoperating Income (Expense) [Member]

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

(86)

(193)

(71)

IDS Derivative [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Current Liabilities [Member]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

Derivative Liability, Fair Value, Gross Liability

541

455

Electric Transmission & Distribution [Member]

Weather Hedges [Abstract]

Weather Hedge, Amount, maximum

$ 8

Long [Member] | Energy Related Derivative [Member]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative, Nonmonetary Notional Amount, Volume | MMcf

Energy Marketers [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

$ 4

Financial Institutions [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

Retail End Users [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

^[11]

$ 127

$ 21

Swap [Member] | Long [Member] | Energy Related Derivative [Member]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative, Nonmonetary Notional Amount, Volume | MMcf

127

Price Stabilization Activities [Member] | Natural Gas Distribution [Member] | Energy Related Derivative [Member] | Gains (Losses) in Expense: Natural Gas [Member]

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

$ 0

$ (38)

External Credit Rating, Investment Grade [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

^[12]

External Credit Rating, Investment Grade [Member] | Energy Marketers [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

^[12]

External Credit Rating, Investment Grade [Member] | Financial Institutions [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

^[12]

External Credit Rating, Investment Grade [Member] | Retail End Users [Member]

Credit Risk Derivatives, at Fair Value, Net [Abstract]

Total

^[11],[12]

Enable Midstream Partners [Member] | Forward Contracts [Member] | Energy Related Derivative [Member] | Gains (Losses) in Expense: Natural Gas [Member]

Income Statement Impact of Derivative Activity [Abstract]

Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net

(2)

Enable Midstream Partners [Member] | Forward Contracts [Member] | Energy Related Derivative [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Current Assets [Member]

Derivative Assets (Liabilities), at Fair Value, Net, by Balance Sheet Classification [Abstract]

Derivative Asset, Fair Value, Gross Asset

$ 1

2012To2013 [Member] | Natural Gas Distribution [Member]

Derivative [Line Items]

Weather Hedge, Bilateral Cap Amount

2013To2014 [Member] | Natural Gas Distribution [Member]

Derivative [Line Items]

Weather Hedge, Bilateral Cap Amount

2014To2015 [Member] | Natural Gas Distribution [Member]

Derivative [Line Items]

Weather Hedge, Bilateral Cap Amount

$ 16

[1]	The derivative assets and liabilities on the Consolidated Balance Sheets exclude accounts receivable or accounts payable that, should they exist, could be used as offsets to these balances in the event of a default.
[2]	Gross amounts recognized include some derivative assets and liabilities that are not subject to master netting arrangements.
[3]	The Gains (Losses) in Expense: Natural Gas includes $-0-, $-0- and $(38) million of costs in 2014, 2013 and 2012, respectively, associated with price stabilization activities of the Natural Gas Distribution business segment that will be ultimately recovered through purchased gas adjustments.
[4]	The Gains (Losses) in Expense: Natural Gas includes $2 million and $(2) million during the years ended December 31, 2014 and 2013, respectively, related to physical forwards purchased from Enable.
[5]	Derivative Assets and Derivative Liabilities include no material amounts related to physical forward transactions with Enable.
[6]	Natural gas contracts are presented on a net basis in the Consolidated Balance Sheets. Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due and causes derivative assets (liabilities) to be ultimately presented net in a liability (asset) account within the Consolidated Balance Sheets. The net of total non-trading derivative assets and liabilities was a $111 million asset as shown on CenterPoint Energy’s Consolidated Balance Sheets (and as detailed in the table below), and was comprised of the natural gas contracts derivative assets and liabilities separately shown above offset by collateral netting of $64 million.
[7]	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 804 billion cubic feet (Bcf) or a net 60 Bcf long position. Of the net long position, basis swaps constitute 127 Bcf.
[8]	Natural gas contracts are presented on a net basis in the Consolidated Balance Sheets. Natural gas contracts are subject to master netting arrangements. This netting applies to all undisputed amounts due or past due and causes derivative assets (liabilities) to be ultimately presented net in a liability (asset) account within the Consolidated Balance Sheets. The net of total non-trading derivative assets and liabilities was a $13 million asset as shown on CenterPoint Energy’s Consolidated Balance Sheets (and as detailed in the table below), and was comprised of the natural gas contracts derivative assets and liabilities separately shown above, offset by collateral netting of less than $1 million.
[9]	The $28 million Derivative Current Asset includes $1 million related to physical forwards purchased from Enable.
[10]	The fair value shown for natural gas contracts is comprised of derivative gross volumes totaling 607 Bcf or a net 46 Bcf long position. Of the net long position, basis swaps constitute 99 Bcf.
[11]	End users are comprised primarily of customers who have contracted to fix the price of a portion of their physical gas requirements for future periods.
[12]	“Investment grade” is primarily determined using publicly available credit ratings and considers credit support (including parent company guarantees) and collateral (including cash and standby letters of credit). For unrated counterparties, CenterPoint Energy determines a synthetic credit rating by performing financial statement analysis and considers contractual rights and restrictions and collateral.

Fair Value Measurements (Details)

12 Months Ended

Dec. 31, 2014

USD ($)

Dec. 31, 2013

USD ($)

Dec. 31, 2012

USD ($)

Fair Value, assets and liabilities measured on recurring basis, financial statement captions

Fair Value, Assets, Level 1 to Level 2 Transfers, Amount

$ 0

Fair Value, Assets, Level 2 to Level 1 Transfers, Amount

Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount

Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount

ASSETS

Derivative Asset, Fair Value, Gross Liability

(18,000,000)

^[1]

$ (9,000,000)

^[2]

Total assets

1,117,000,000

865,000,000

Liabilities

Derivative Liability, Fair Value, Gross Asset

(82,000,000)

^[1]

(9,000,000)

^[2]

Total liabilities

561,000,000

476,000,000

Cash collateral posted with counterparties

64,000,000

1,000,000

Derivative Asset, Fair Value, Gross Asset

149,000,000

43,000,000

Fair value measurement using significant unobservable input (level 3) reconciliation [Roll Forward]

Beginning balance

3,000,000

^[3]

2,000,000

^[3]

$ 6,000,000

Total gains

14,000,000

3,000,000

Total settlements

1,000,000

(3,000,000)

(6,000,000)

Transfers out of Level 3

(1,000,000)

Transfers into Level 3

(1,000,000)

1,000,000

Ending balance (1)

^[3]

17,000,000

3,000,000

2,000,000

The amount of total gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date

16,000,000

2,000,000

$ 1,000,000

Fair value [Member]

Fair value measurement using significant unobservable input (level 3) reconciliation [Roll Forward]

Notes receivable - affiliated companies

362,000,000

363,000,000

Long-term debt

9,427,000,000

8,670,000,000

Carrying amount [Member]

Fair value measurement using significant unobservable input (level 3) reconciliation [Roll Forward]

Notes receivable - affiliated companies

363,000,000

Long-term debt

8,652,000,000

8,171,000,000

Fair Value, Inputs, Level 1 [Member]

ASSETS

Total assets

993,000,000

836,000,000

Liabilities

Total liabilities

22,000,000

1,000,000

Fair Value, Inputs, Level 2 [Member]

ASSETS

Total assets

122,000,000

33,000,000

Liabilities

Total liabilities

618,000,000

482,000,000

Fair Value, Inputs, Level 3 [Member]

ASSETS

Total assets

20,000,000

5,000,000

Liabilities

Total liabilities

3,000,000

2,000,000

Fair Value, Measurements, Recurring [Member]

ASSETS

Corporate equities

932,000,000

770,000,000

Investments, including money market funds

54,000,000

61,000,000

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]

ASSETS

Corporate equities

932,000,000

770,000,000

Investments, including money market funds

54,000,000

61,000,000

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]

ASSETS

Corporate equities

Investments, including money market funds

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

ASSETS

Corporate equities

Investments, including money market funds

ASSETS

Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset

(18,000,000)

^[1],[4]

(9,000,000)

^[2],[5]

Natural gas derivatives (2)

131,000,000

^[4]

34,000,000

^[5]

Liabilities

Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset

(82,000,000)

^[1],[4]

(9,000,000)

^[2]

Natural gas derivatives (2)

20,000,000

^[4]

21,000,000

ASSETS

Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement

7,000,000

^[4]

5,000,000

^[5]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

22,000,000

^[4]

1,000,000

ASSETS

Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement

122,000,000

^[4]

33,000,000

^[5]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

77,000,000

^[4]

27,000,000

ASSETS

Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement

20,000,000

^[4]

5,000,000

^[5]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

3,000,000

^[4]

2,000,000

IDS Derivative [Member] | Fair Value, Measurements, Recurring [Member]

Liabilities

Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset

^[1]

^[2]

Natural gas derivatives (2)

541,000,000

455,000,000

IDS Derivative [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

IDS Derivative [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

541,000,000

455,000,000

IDS Derivative [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Liabilities

Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement

$ 0

Forward Contracts [Member] | Enable Midstream Partners [Member] | Energy Related Derivative [Member]

Liabilities

Derivative Asset, Fair Value, Gross Asset

$ 1,000,000

Minimum [Member] | Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, assets and liabilities measured on recurring basis, financial statement captions

Illiquid forward price low range

1.60

Minimum [Member] | Options Held [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, assets and liabilities measured on recurring basis, financial statement captions

Option volatilities low range

0.00%

Maximum [Member] | Forward Contracts [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, assets and liabilities measured on recurring basis, financial statement captions

Illiquid forward price low range

4.23

Maximum [Member] | Options Held [Member] | Fair Value, Inputs, Level 3 [Member]

Fair Value, assets and liabilities measured on recurring basis, financial statement captions

Option volatilities low range

88.00%

[1]	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of $64 million posted with the same counterparties.
[2]	Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy to settle positive and negative positions and also include cash collateral of less than $1 million posted with the same counterparties.
[3]	During 2014, 2013 and 2012, CenterPoint Energy did not have significant Level 3 purchases or sales.
[4]	Natural gas derivatives include no material amounts related to physical forward transactions with Enable.
[5]	The (Level 2) Natural gas derivative assets of $33 million include $1 million related to physical forwards purchased from Enable.

Unconsolidated Affiliates (Details) - USD ($)

12 Months Ended

Jan. 23, 2015

Apr. 16, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 01, 2015

Jan. 29, 2015

May 30, 2014

Mar. 31, 2014

May 01, 2013

Equity in earnings of unconsolidated affiliates

$ 308,000,000

$ 188,000,000

$ 31,000,000

CenterPoint Energy's approximate 58.3% interest

4,869,000,000

4,753,000,000

Equity Method Investment_Basis Difference_Goodwill

^[1]

(217,000,000)

(229,000,000)

Equity Method Investment_Basis Difference To Be Accreted

^[2]

(132,000,000)

(205,000,000)

CenterPoint Energy's basis difference

(349,000,000)

(434,000,000)

Equity Method Investments Underlying Equity in Net Assets, Net of Basis Difference

4,520,000,000

4,319,000,000

Proceeds from Equity Method Investment, Dividends or Distributions

305,000,000

129,000,000

39,000,000

Investment in unconsolidated affiliates

4,521,000,000

4,518,000,000

Enable Midstream Partners [Member]

Notes receivable - affiliated companies

$ 363,000,000

Share Price

$ 19.39

Southeast Supply Header LLC [Member]

Equity Method Investment, Ownership Percentage

0.10%

25.05%

Equity Method Investment, Additional Contribution of Ownership Percentage

24.95%

equity method investment, Additional Contribution of ownership, value

$ 196,000,000

Equity in earnings of unconsolidated affiliates

^[3]

$ 5,000,000

15,000,000

26,000,000

Proceeds from Equity Method Investment, Dividends or Distributions

^[3]

7,000,000

23,000,000

32,000,000

Investment in unconsolidated affiliates

^[4]

1,000,000

199,000,000

Waskom Gas Processing Company [Member]

Equity in earnings of unconsolidated affiliates

^[5]

5,000,000

Proceeds from Equity Method Investment, Dividends or Distributions

^[5]

7,000,000

Enable Midstream Partners [Member]

Partners' Capital Account, Units, Sold in Public Offering

28,750,000

Share Price

$ 20.00

Equity Method Investment, Difference Between Carrying Amount and Underlying Equity

$ (14,000,000)

Proceeds from Issuance Initial Public Offering

$ 464,000,000

Equity Method Investment, Ownership Percentage

55.40%

54.70%

58.30%

Investment Owned, Restricted, Carrying Value Per Unit at Date of Balance Sheet

$ 19.33

Equity in earnings of unconsolidated affiliates

^[6]

$ 303,000,000

173,000,000

Operating revenues

3,367,000,000

2,123,000,000

^[7]

Cost of sales, excluding depreciation and amortization

1,914,000,000

1,241,000,000

^[7]

Operating income

586,000,000

322,000,000

^[7]

Net income attributable to Enable

530,000,000

289,000,000

^[7]

CenterPoint Energy's approximate 58.3% interest

298,000,000

168,000,000

^[7]

Basis difference accretion gain

5,000,000

^[7]

CenterPoint Energy’s equity in earnings, net

303,000,000

173,000,000

^[7]

Current assets

438,000,000

549,000,000

Non-current assets

11,399,000,000

10,683,000,000

Current liabilities

671,000,000

720,000,000

Non-current liabilities

2,343,000,000

2,331,000,000

Noncontrolling interest

31,000,000

33,000,000

Enable Partners' Capital

8,792,000,000

8,148,000,000

Proceeds from Equity Method Investment, Dividends or Distributions

^[6]

298,000,000

106,000,000

$ 0

Investment in unconsolidated affiliates

4,520,000,000

4,319,000,000

$ 4,300,000,000

Enable Midstream Partners [Member] | ArcLight [Member]

Partners' Capital Account, Units, Sold in Public Offering

3,750,000

Enable Guaranteed Senior Notes [Member] | CERC Corp [Member]

Guarantor Obligations, Maximum Exposure, Undiscounted

1,100,000,000

Enable Midstream Partners [Member]

Interest Income, Related Party

8,000,000

5,000,000

Due from Related Parties, Current

4,000,000

Transitional Service [Member] | Enable Midstream Partners [Member]

Reimbursement Revenue

163,000,000

119,000,000

Accounts Receivable, Related Parties

$ 28,000,000

21,000,000

Common Stock [Member] | Enable Midstream Partners [Member]

Equity Method Investment, Ownership, Shares

94,126,366

6,322,457

Subordinated Units [Member] | Enable Midstream Partners [Member]

Equity Method Investment, Ownership, Shares

139,704,916

Natural Gas Expenses [Member] | Enable Midstream Partners [Member]

Affiliate Costs

$ 130,000,000

123,000,000

Accounts payable - subsidiaries

23,000,000

$ 22,000,000

Subsequent Event [Member] | Enable Midstream Partners [Member]

Proceeds from Equity Method Investment, Dividends or Distributions

$ 72,000,000

Subsequent Event [Member] | Common Stock [Member] | Enable Midstream Partners [Member]

Equity Method Investment, Ownership, Shares

25,341

Scenario, Forecast [Member] | Enable Midstream Partners [Member]

Share Price

$ 17.34

Scenario, Forecast [Member] | Enable Midstream Partners [Member]

Equity Method Investment, Decrease in Carrying Value

$ 465,000,000

Enable Midstream Partners [Member] | Enable Guaranteed Senior Notes [Member] | CERC Corp [Member]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 1,100,000,000

Indebtedness to CERC Corp. [Member] | Enable Midstream Partners [Member]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

2.10%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum

2.45%

[1]	The difference relates to CenterPoint Energy’s proportionate share of Enable’s goodwill arising from its acquisition of Enogex, and therefore will be recognized by CenterPoint Energy upon dilution or disposition of its interest in Enable.
[2]	The difference will be recognized by CenterPoint Energy over 30 years beginning May 1, 2013. CenterPoint Energy will also adjust the accretable basis difference for dilution or disposition of its interest in Enable.
[3]	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.
[4]	On May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.
[5]	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.
[6]	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.
[7]	The amounts included in this column represent the eight month period from formation of Enable on May 1, 2013 through December 31, 2013.

Indexed Debt Securities (ZENS) and Securities Related to ZENS (Details) shares in Millions	12 Months Ended
	Dec. 31, 2014 USD ($) shares	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Feb. 13, 2014
TW Securities
TW Securities	$ 767,000,000
Proceeds from Sale and Maturity of Marketable Securities	0	$ (9,000,000)	$ 0
Gain on TW Securities	163,000,000	236,000,000	154,000,000
TW Securities	930,000,000	767,000,000
Debt component of ZENS
Debt Component of ZENS	143,000,000	138,000,000	131,000,000
Accretion of debt component of ZENS	26,000,000	24,000,000	24,000,000
2 % interest paid	(17,000,000)	(17,000,000)	(17,000,000)
Redemption of Indexed Debt Securities		(2,000,000)
Debt Component of ZENS	152,000,000	143,000,000	138,000,000
Derivative component of ZENS
Derivative Component of ZENS	455,000,000	268,000,000	197,000,000
Redemption of Derivative Indexed Debt Securities		(6,000,000)
Loss (gain) on indexed debt securities	86,000,000	193,000,000	71,000,000
Derivative Component of ZENS	$ 541,000,000	455,000,000	268,000,000
TW Common [Member]
Schedule of Trading Securities [Line Items]
Number of shares of common stock held by subsidiary of CenterPoint Energy (in shares) \| shares	7.1
TWC Common [Member]
Schedule of Trading Securities [Line Items]
Number of shares of common stock held by subsidiary of CenterPoint Energy (in shares) \| shares	1.8
AOL Common [Member]
Schedule of Trading Securities [Line Items]
Number of shares of common stock held by subsidiary of CenterPoint Energy (in shares) \| shares	0.6
Time Common [Member]
Schedule of Trading Securities [Line Items]
Number of shares of common stock held by subsidiary of CenterPoint Energy (in shares) \| shares	0.9
TW Securities [Member]
TW Securities
TW Securities	$ 767,000,000	540,000,000	386,000,000
Proceeds from Sale and Maturity of Marketable Securities		(9,000,000)
Gain on TW Securities	163,000,000	236,000,000	154,000,000
TW Securities	930,000,000	$ 767,000,000	$ 540,000,000
Subordinated Debt ZENS Member
Zero Premium Exchangeable Subordinated Notes [Abstract]
Original principal amount of Zero Premium Exchangeable Subordinated Notes issued by CenterPoint Energy in September 1999	1,000,000,000
Long-term Debt, Gross	$ 828,000,000
Percentage of market value of referenced shares of Time Warner Common each zero premium exchangeable subordinated note could be exchanged for cash (in hundredths)	95.00%
Debt Instrument, Interest Rate, Stated Percentage (in hundredths)	2.00%
Referenced common shares
Target annual yield from interest and cash dividends on referenced shares before principal amount of indexed debt securities is increased or decreased (in hundredths)	2.309%
Contingent principal amount of indexed debt securities issued by CenterpPoint Energy in September 1999 and outstanding and exchangeable	$ 751,000,000
The cash exchange amount from referenced shares per $1,000 face amount of individual notes	1,067
Face amount of each indexed debt security notes issued by CenterPoint Energy in September 1999	$ 1,000
The accretion rate for interest charges on bifurcated debt component of indexed debt securities (in hundredths)	17.30%
Subordinated Debt ZENS Member \| TW Common [Member]
Referenced common shares
The referenced shares of common stock for each zero premium exchangeable subordinated note (in shares)	0.5
Subordinated Debt ZENS Member \| TWC Common [Member]
Referenced common shares
The referenced shares of common stock for each zero premium exchangeable subordinated note (in shares)	0.125505
Subordinated Debt ZENS Member \| AOL Common [Member]
Referenced common shares
The referenced shares of common stock for each zero premium exchangeable subordinated note (in shares)	0.045455
Subordinated Debt ZENS Member \| Time Common [Member]
Referenced common shares
The referenced shares of common stock for each zero premium exchangeable subordinated note (in shares)	0.0625
Subordinated Debt ZENS Member \| Comcast Common [Member]
Referenced common shares
The referenced shares of common stock for each zero premium exchangeable subordinated note (in shares)				0.360827
Conversion ratio of shares referenced in exchangeable subordinated note				2.875

Equity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Capital stock shares authorized (in shares)	1,020,000,000
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Common stock shares par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Cumulative preferred stock shares authorized (in shares)	20,000,000	20,000,000	20,000,000
Cumulative preferred stock par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Dividends Declared Per Share	$ 0.95	$ 0.83	$ 0.81
Enable Midstream Partners [Member]
Retained Earnings, Undistributed Earnings from Equity Method Investees	$ 71	$ 67

Short Term Borrowings and Long Term Debt (Schedule of Debt) (Details) - USD ($)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Short term borrowings:

Total short-term borrowings

^[1]

$ 53,000,000

$ 43,000,000

Long-term debt:

Unamortized Discount (Premium), Net

(50,000,000)

Long-term Debt, Excluding Current Maturities

8,009,000,000

7,817,000,000

Long-term Debt, Current Maturities

^[1]

795,000,000

497,000,000

Debt, Current

^[1]

848,000,000

540,000,000

Size of Facility

$ 2,100,000,000

2,100,000,000

ZENS (2)

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

2.00%

Other Debt [Member]

Long-term debt:

Long-Term

^[2]

$ 0

1,000,000

Current

^[1],[2]

Parent Company [Member]

Long-term debt:

Capital Lease Obligations, Noncurrent

2,000,000

Capital Lease Obligations, Current

^[1]

2,000,000

Long-term Debt, Excluding Current Maturities

858,000,000

936,000,000

Size of Facility

1,200,000,000

Parent Company [Member] | ZENS (2)

Long-term debt:

Long-Term

^[3]

Current

^[1],[3]

$ 152,000,000

143,000,000

Parent Company [Member] | Senior notes 5.95% to 6.85% due 2015 to 2018

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

5.95%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

6.85%

Long-term debt:

Long-Term

$ 550,000,000

750,000,000

Current

^[1]

$ 200,000,000

Parent Company [Member] | Pollution control bonds 4.90% to 5.125% due 2015 to 2028 (3)

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

4.90%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

5.125%

Long-term debt:

Long-Term

^[4]

$ 118,000,000

187,000,000

Current

^[1],[4]

69,000,000

Amount of debt secured by general mortgage bonds

118,000,000

Parent Company [Member] | Commercial paper (4)

Long-term debt:

Long-Term

^[2]

191,000,000

Current

^[1]

^[5]

^[2]

CenterPoint Houston [Member]

Long-term debt:

Capital Lease Obligations, Noncurrent

1,000,000

Capital Lease Obligations, Current

^[1]

Size of Facility

$ 300,000,000

300,000,000

CenterPoint Houston [Member] | First mortgage bonds 9.15% due 2021

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

9.15%

Long-term debt:

Long-Term

$ 102,000,000

102,000,000

Current

^[1]

Amount of debt secured by general mortgage bonds

$ 102,000,000

CenterPoint Houston [Member] | General mortgage bonds 2.25% to 6.95% due 2022 to 2044

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

2.25%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

6.95%

Long-term debt:

Long-Term

$ 1,912,000,000

1,312,000,000

Current

^[1]

Amount of debt secured by general mortgage bonds

$ 2,400,000,000

CenterPoint Houston [Member] | Pollution control bonds 4.25% to 5.60% due 2017 to 2027

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

4.25%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

5.60%

Long-term debt:

Long-Term

$ 0

183,000,000

Current

^[1]

$ 0

CenterPoint Houston [Member] | System restoration bonds 1.833% to 4.243% due 2015 to 2022

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

1.833%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

4.243%

Long-term debt:

Long-Term

$ 415,000,000

463,000,000

Current

^[1]

$ 48,000,000

47,000,000

CenterPoint Houston [Member] | Transition bonds 0.90% to 5.302% due 2015 to 2024

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

0.90%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

5.302%

Long-term debt:

Long-Term

$ 2,259,000,000

2,583,000,000

Current

^[1]

324,000,000

307,000,000

CERC Corp [Member]

Long-term debt:

Size of Facility

600,000,000

CERC Corp [Member] | Commercial paper (4)

Long-term debt:

Long-Term

^[2]

341,000,000

118,000,000

Current

^[1],[2]

$ 0

CERC Corp [Member] | Senior notes 4.50% to 6.625% due 2016 to 2041

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum (in hundredths)

4.50%

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum (in hundredths)

6.625%

Long-term debt:

Long-Term

$ 2,168,000,000

2,168,000,000

Current

^[1]

Product Financing Arrangement [Member]

Short term borrowings:

Total short-term borrowings

^[1]

$ 53,000,000

$ 43,000,000

[1]	Includes amounts due or exchangeable within one year of the date noted.
[2]	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.
[3]	CenterPoint Energy’s ZENS obligation is bifurcated into a debt component and an embedded derivative component. For additional information regarding ZENS, see Note 10(b). As ZENS are exchangeable for cash at any time at the option of the holders, these notes are classified as a current portion of long-term debt.
[4]	$118 million of these series of debt were secured by general mortgage bonds of CenterPoint Houston at both December 31, 2014 and 2013.
[5]	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.

Short Term Borrowings and Long Term Debt (Long-term Debt) (Details)

12 Months Ended

Jun. 02, 2014

USD ($)

Mar. 03, 2014

USD ($)

Dec. 31, 2014

USD ($)

Mar. 17, 2014

USD ($)

Dec. 31, 2013

USD ($)

Debt Instrument [Line Items]

Debt, Current

^[1]

$ 848,000,000

$ 540,000,000

Long-term Debt, Excluding Current Maturities

8,009,000,000

7,817,000,000

Long-term Debt, Current Maturities

^[1]

795,000,000

497,000,000

Total short-term borrowings

^[1]

53,000,000

43,000,000

Line of Credit Facility [Abstract]

Size of Facility

2,100,000,000

Long term Debt Excluding ZENS [Member]

Annual maturities of long term debt, capital leases, and sinking fund requirements, excluding ZENS obligations [Abstract]

641,000,000

716,000,000

911,000,000

1,100,000,000

1,000,000,000

Transition And System Restoration Bonds [Member]

Annual maturities of long term debt, capital leases, and sinking fund requirements, excluding ZENS obligations [Abstract]

372,000,000

391,000,000

411,000,000

434,000,000

458,000,000

CenterPoint Houston [Member]

Debt Instrument [Line Items]

Capital Lease Obligations, Noncurrent

1,000,000

Capital Lease Obligations, Current

^[1]

Line of Credit Facility [Abstract]

Size of Facility

$ 300,000,000

300,000,000

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

CenterPoint Houston [Member] | First mortgage bonds 9.15% due 2021

Debt Instrument [Line Items]

Long-Term

$ 102,000,000

102,000,000

Current

^[1]

$ 0

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

9.15%

Annual maturities of long term debt, capital leases, and sinking fund requirements, excluding ZENS obligations [Abstract]

Secured debt amount with asset liens

$ 102,000,000

Replacement fund requirements to be satisfied in 2015

209,000,000

Sinking fund requirements to be satisfied in 2015

1,600,000

CenterPoint Houston [Member] | General mortgage bonds 2.25% to 6.95% due 2022 to 2044

Debt Instrument [Line Items]

Long-Term

1,912,000,000

1,312,000,000

Current

^[1]

Annual maturities of long term debt, capital leases, and sinking fund requirements, excluding ZENS obligations [Abstract]

Secured debt amount with asset liens

2,400,000,000

Parent Company [Member]

Debt Instrument [Line Items]

Long-term Debt, Excluding Current Maturities

858,000,000

936,000,000

Capital Lease Obligations, Noncurrent

2,000,000

Capital Lease Obligations, Current

^[1]

2,000,000

Line of Credit Facility [Abstract]

Size of Facility

1,200,000,000

Parent Company [Member] | Commercial paper (4)

Debt Instrument [Line Items]

Long-Term

^[2]

191,000,000

Current

^[1]

^[3]

^[2]

CERC Corp [Member]

Line of Credit Facility [Abstract]

Size of Facility

$ 600,000,000

600,000,000

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

CERC Corp [Member] | Commercial paper (4)

Debt Instrument [Line Items]

Long-Term

^[2]

$ 341,000,000

118,000,000

Current

^[1],[2]

Bonds General Mortgage Due 2044 [Member] | CenterPoint Houston [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 600,000,000

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

4.50%

Bonds Pollution Control Due2017 [Member] | CenterPoint Houston [Member] | Secured Debt [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

4.25%

Extinguishment of Debt, Amount

$ 84,000,000

$ 44,000,000

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

100.00%

101.00%

Bonds Pollution Control Due2027 [Member] | CenterPoint Houston [Member] | Secured Debt [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage (in hundredths)

5.60%

Debt Instrument, Repurchase Amount

$ 56,000,000

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

101.00%

Revolving Credit Facility [Member]

Line of Credit Facility [Abstract]

Loans

Revolving Credit Facility [Member] | CenterPoint Houston [Member]

Line of Credit Facility [Abstract]

Loans

Revolving Credit Facility [Member] | Parent Company [Member]

Line of Credit Facility [Abstract]

Loans

Revolving Credit Facility [Member] | CERC Corp [Member]

Line of Credit Facility [Abstract]

Loans

$ 0

Line of Credit [Member] | CenterPoint Houston [Member]

Line of Credit Facility [Abstract]

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

Line of Credit [Member] | Parent Company [Member]

Line of Credit Facility [Abstract]

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

Percentage on limitation of debt to total capitalization under covenant amended (in hundredths)

70.00%

System restoration costs threshold for increase in permitted debt to EBITDA covenant ratio

$ 100,000,000

Consecutive Period for System Restoration Costs to Exceed $100 million (in months)

Line of Credit [Member] | CERC Corp [Member]

Line of Credit Facility [Abstract]

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | CenterPoint Houston [Member]

Line of Credit Facility [Abstract]

Debt Instrument, Basis Spread on Variable Rate

1.125%

Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Parent Company [Member]

Line of Credit Facility [Abstract]

Debt Instrument, Basis Spread on Variable Rate

1.25%

Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | CERC Corp [Member]

Line of Credit Facility [Abstract]

Debt Instrument, Basis Spread on Variable Rate

1.50%

Letter of Credit [Member]

Line of Credit Facility [Abstract]

Loans

$ 10,000,000

10,000,000

Letter of Credit [Member] | CenterPoint Houston [Member]

Line of Credit Facility [Abstract]

Loans

4,000,000

Letter of Credit [Member] | Parent Company [Member]

Line of Credit Facility [Abstract]

Loans

6,000,000

Letter of Credit [Member] | CERC Corp [Member]

Line of Credit Facility [Abstract]

Loans

Commercial paper (4)

Line of Credit Facility [Abstract]

Loans

532,000,000

118,000,000

Commercial paper (4) | CenterPoint Houston [Member]

Line of Credit Facility [Abstract]

Loans

Commercial paper (4) | Parent Company [Member]

Line of Credit Facility [Abstract]

Loans

191,000,000

Commercial paper (4) | CERC Corp [Member]

Line of Credit Facility [Abstract]

Loans

$ 341,000,000

$ 118,000,000

[1]	Includes amounts due or exchangeable within one year of the date noted.
[2]	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.
[3]	Classified as long-term debt because the termination date of the facility that backstops the commercial paper is more than one year from the date noted.

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Tax Carryforward [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ 885	$ 781	$ 757
Current income tax expense (benefit):
Federal	(20)	91	0
State	14	23	12
Total current expense (benefit)	(6)	114	12
Deferred income tax expense (benefit):
Federal	273	370	280
State	7	(14)	48
Total deferred expense	280	356	328
Total income tax expense	$ 274	$ 470	$ 340
Income tax reconciliation [Abstract]
Federal statutory income tax rate	35.00%	35.00%	35.00%
Expected federal income tax expense	$ 310	$ 273	$ 265
Increase (decrease) in tax expense resulting from:
State income tax expense, net of federal income tax	16	21	39
Amortization of investment tax credit	0	0	(2)
Tax effect related to the formation of Enable	0	196	0
Decrease in settled and uncertain income tax positions	0	(9)	(33)
Goodwill impairment	0	0	88
Tax basis balance sheet adjustments	(29)	0	0
Other, net	(23)	(11)	(17)
Total	(36)	197	75
Total income tax expense	$ 274	$ 470	$ 340
Effective tax rate (in hundredths)	31.00%	60.20%	44.90%
Increase (Decrease) in Deferred Income Taxes	$ 32
Increase (Decrease) in Accrued Taxes Payable	5
Increase (Decrease) in Income Taxes	8
Deferred Tax Liabilities, Goodwill and Intangible Assets		$ 225
Income tax expense (benefit) resulting from IRS settlement		(8)	$ 33
Goodwill impairment	0	0	252
Other Tax Expense (Benefit)			88
Current:
Allowance for doubtful accounts	10	11
Deferred gas costs	0	7
Other	13	12
Total current deferred tax assets	23	30
Non-current:
Loss and credit carryforwards	69	51
Employee benefits	327	258
Other	89	76
Total non-current deferred tax assets before valuation allowance	485	385
Valuation allowance	(2)	(2)
Total non-current deferred tax assets, net of valuation allowance	483	383
Total deferred tax assets, net of valuation allowance	506	413
Current:
Unrealized gain on indexed debt securities	636	541
Unrealized gain on TW securities	65	97
Deferred gas costs	6	0
Total current deferred tax liabilities	707	638
Non-current:
Depreciation	2,201	1,908
Regulatory assets, net	1,228	1,308
Investment in unconsolidated affiliates	1,789	1,590
Other	21	119
Total non-current deferred tax liabilities	5,239	4,925
Total deferred tax liabilities	5,946	5,563
Accumulated deferred income taxes, net	5,440	5,150
Unrecognized tax expense, beginning of year	0	(23)
Balance, beginning of year			51
Tax Positions related to prior years:
Reductions	0	(1)	(75)
Tax Positions related to current year:
Settlements	0	24	1
Unrecognized tax expense, end of year	0	0	(23)
Income Tax Expense (Benefit) Related To Interest On Income Tax Positions	3	(3)	$ (7)
Interest receivable on income tax positions at the end of the year		5
Federal [Member]
Non-current:
Deferred Tax Assets, Capital Loss Carryforwards	$ 9
Expiration date of state capital loss carryforwards	Dec. 31, 2017
State capital loss carryforwards, valuation allowance net of federal tax	$ 2
Federal [Member] \| General Business Tax Credit Carryforward [Member]
Non-current:
Tax carryforward	4
State and Local Jurisdiction [Member]
Non-current:
Net operating loss carryforwards	725
Deferred Tax Assets, Capital Loss Carryforwards	$ 244
Enable Midstream Partners [Member]
Deferred income tax expense (benefit):
Total deferred expense		$ (29)
Year From [Member] \| State and Local Jurisdiction [Member]
Non-current:
Net operating loss carryforwards expiration dates	Dec. 31, 2015
Year To [Member] \| State and Local Jurisdiction [Member]
Non-current:
Net operating loss carryforwards expiration dates	Dec. 31, 2034

Commitments and Contingencies (Details) $ in Millions	12 Months Ended
Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Operating Leases, Future Minimum Payments Due [Abstract]
2015	$ 5
2016	4
2017	3
2018	2
2019	2
2020 and beyond	7
Total	23
Total lease expense for all operating leases	$ 11	$ 21	$ 27
Gas Market Manipulation Cases [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Loss Contingency, Pending Claims, Number	1
Loss Contingency, Amicus Briefs filed, number	4
GenOn Demand Charges Transportation Contracts [Member] \| CERC Corp [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Undiscounted maximum potential payout of demand charges	$ 42
CenterPoint Midstream Guarantees [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Undiscounted maximum potential payout of demand charges	100
Enable Guaranteed Senior Notes [Member] \| CERC Corp [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Undiscounted maximum potential payout of demand charges	$ 1,100
Minnesota Service Territory [Member] \| CERC Corp [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Number of remaining sites in the Minnesota service territory (in number of sites)	7
Number of the remaining sites in the Minnesota service territory where the company believes it has no liability (in number of sites)	2
Number of sites where remediation is complete, other than ongoing operations (in number of sites)	2
Amount accrued for remediation of Minnesota sites (in number of sites)	$ 7
Amount collected from insurance companies to be used for future environmental remediation	4
Natural Gas Supply Commitments [Member]
Long-term Purchase Commitment [Line Items]
2015	696
2016	605
2017	551
2018	507
2019	255
After 2019	114
Maximum [Member] \| Minnesota Service Territory [Member] \| CERC Corp [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Minimum estimated remediation costs for the Minnesota sites	$ 29
Minimum years of remediation for the Minnesota sites (in years)	50
Minimum [Member] \| Minnesota Service Territory [Member] \| CERC Corp [Member]
Legal Environmental And Other Regulatory Matters Legal Matters Gas Market Manipulation Cases Abstract
Minimum estimated remediation costs for the Minnesota sites	$ 5
Minimum years of remediation for the Minnesota sites (in years)	30

Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Net income

$ 176

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

$ 611

$ 311

$ 417

Weighted Average Number of Shares Outstanding, Basic

429,634,000

428,466,000

427,189,000

Plus: Incremental shares from assumed conversions:

Diluted weighted average shares (in shares)

431,668,000

430,930,000

429,794,000

Basic earnings per share:

Basic earnings per share

$ 0.41

^[3]

$ 0.33

^[3]

$ 0.25

^[3]

$ 0.43

^[3]

$ 0.26

^[3]

$ 0.35

^[3]

$ (0.23)

^[3]

$ 0.34

^[3]

$ 1.42

$ 0.73

$ 0.98

Diluted earnings per share:

Diluted earnings per share

$ 0.41

^[3]

$ 0.33

^[3]

$ 0.25

^[3]

$ 0.43

^[3]

$ 0.26

^[3]

$ 0.35

^[3]

$ (0.23)

^[3]

$ 0.34

^[3]

$ 1.42

$ 0.72

$ 0.97

Employee Stock Option [Member]

Plus: Incremental shares from assumed conversions:

Stock options (in shares)

41,000

152,000

Restricted Stock [Member]

Plus: Incremental shares from assumed conversions:

Stock options (in shares)

2,034,000

2,423,000

2,453,000

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.
[3]	Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.

Unaudited Quarterly Information (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Selected Quarterly Financial Information [Abstract]

Revenues

$ 2,372

$ 1,807

$ 1,884

$ 3,163

$ 2,184

$ 1,640

$ 1,894

$ 2,388

$ 9,226

$ 8,106

$ 7,452

Operating income

221

233

186

295

211

244

223

332

935

1,010

1,038

Net Income

$ 176

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

$ 611

$ 311

$ 417

Basic Earnings Per Share:

Basic earnings per share

$ 0.41

^[3]

$ 0.33

^[3]

$ 0.25

^[3]

$ 0.43

^[3]

$ 0.26

^[3]

$ 0.35

^[3]

$ (0.23)

^[3]

$ 0.34

^[3]

$ 1.42

$ 0.73

$ 0.98

Diluted Earnings Per Share:

Diluted earnings per share

$ 0.41

^[3]

$ 0.33

^[3]

$ 0.25

^[3]

$ 0.43

^[3]

$ 0.26

^[3]

$ 0.35

^[3]

$ (0.23)

^[3]

$ 0.34

^[3]

$ 1.42

$ 0.72

$ 0.97

Tax basis balance sheet adjustments

$ (29)

$ 0

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.
[3]	Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Reportable Business Segments (Details) - USD ($)
$ in Millions

3 Months Ended

8 Months Ended

12 Months Ended

May 01, 2013

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

May 30, 2014

Jul. 31, 2012

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

$ 2,372

^[1]

$ 1,807

$ 1,884

$ 3,163

$ 2,184

$ 1,640

$ 1,894

$ 2,388

$ 9,226

$ 8,106

$ 7,452

Depreciation and Amortization

1,013

954

1,050

Operating Income (Loss)

221

^[1]

$ 233

$ 186

$ 295

211

$ 244

$ 223

$ 332

935

1,010

1,038

Total Assets

23,200

21,870

$ 21,870

23,200

21,870

22,871

Expenditures for Long-Lived Assets

1,402

1,272

1,188

Equity income

308

188

Investment in unconsolidated affiliates

$ 4,521

4,518

$ 4,521

4,518

Enable Midstream Partners [Member]

Segment Reporting Information [Line Items]

Equity Method Investment, Ownership Percentage

55.40%

58.30%

55.40%

54.70%

Equity income

^[3]

$ 303

173

Investment in unconsolidated affiliates

$ 4,300

$ 4,520

4,319

$ 4,520

4,319

Southeast Supply Header LLC [Member]

Segment Reporting Information [Line Items]

Equity Method Investment, Ownership Percentage

0.10%

25.05%

0.10%

Equity income

^[4]

$ 5

Investment in unconsolidated affiliates

^[5]

$ 1

199

Waskom Gas Processing Company [Member]

Segment Reporting Information [Line Items]

Equity income

^[6]

Electric Transmission & Distribution [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[7]

2,845

2,570

2,540

Depreciation and Amortization

768

685

729

Operating Income (Loss)

595

607

639

Expenditures for Long-Lived Assets

818

759

599

Electric Transmission & Distribution [Member] | Affiliates of NRG Energy, Inc. [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

735

658

648

Electric Transmission & Distribution [Member] | Affiliates of Energy Future Holdings Corp. [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

189

167

162

Natural Gas Distribution [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

3,271

2,837

2,320

Depreciation and Amortization

201

185

173

Operating Income (Loss)

287

263

226

Expenditures for Long-Lived Assets

525

430

359

Energy Services [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

3,095

2,374

1,758

Depreciation and Amortization

Operating Income (Loss)

(250)

Expenditures for Long-Lived Assets

Interstate Pipelines [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[8]

133

^[9]

356

Depreciation and Amortization

^[8]

^[9]

Operating Income (Loss)

^[8]

^[9]

207

Expenditures for Long-Lived Assets

^[8]

^[9]

132

Interstate Pipelines [Member] | Southeast Supply Header LLC [Member]

Segment Reporting Information [Line Items]

Equity income

Investment in unconsolidated affiliates

404

Field Services [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[10]

178

^[9]

467

Depreciation and Amortization

^[10]

^[9]

Operating Income (Loss)

^[10]

^[9]

214

Expenditures for Long-Lived Assets

^[10]

^[9]

Field Services [Member] | Waskom Gas Processing Company [Member]

Segment Reporting Information [Line Items]

Equity income

Midstream Investments [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[11]

Depreciation and Amortization

^[11]

Operating Income (Loss)

^[11]

Expenditures for Long-Lived Assets

^[11]

Midstream Investments [Member] | Enable Midstream Partners [Member]

Segment Reporting Information [Line Items]

Equity income

173

303

Midstream Investments [Member] | Southeast Supply Header LLC [Member]

Segment Reporting Information [Line Items]

Equity income

Other [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

Depreciation and Amortization

Operating Income (Loss)

(18)

Expenditures for Long-Lived Assets

Operating Segments [Member] | Electric Transmission & Distribution [Member]

Segment Reporting Information [Line Items]

Total Assets

10,066

9,605

10,066

9,605

11,174

Operating Segments [Member] | Natural Gas Distribution [Member]

Segment Reporting Information [Line Items]

Total Assets

5,464

4,976

5,464

4,976

4,775

Operating Segments [Member] | Energy Services [Member]

Segment Reporting Information [Line Items]

Total Assets

978

895

978

895

839

Operating Segments [Member] | Interstate Pipelines [Member]

Segment Reporting Information [Line Items]

Total Assets

^[8]

^[9]

4,004

Operating Segments [Member] | Field Services [Member]

Segment Reporting Information [Line Items]

Total Assets

^[10]

^[9]

2,453

Operating Segments [Member] | Midstream Investments [Member]

Segment Reporting Information [Line Items]

Total Assets

^[11]

4,521

4,518

4,521

4,518

Operating Segments [Member] | Other [Member]

Segment Reporting Information [Line Items]

Total Assets

^[12]

3,368

3,026

3,368

3,026

2,600

Intersegment Eliminations [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

(114)

(124)

(233)

Total Assets

(1,197)

(1,150)

(1,197)

(1,150)

(2,974)

Intersegment Eliminations [Member] | Electric Transmission & Distribution [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

Intersegment Eliminations [Member] | Natural Gas Distribution [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

(30)

(26)

(22)

Intersegment Eliminations [Member] | Energy Services [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

(84)

(27)

(26)

Intersegment Eliminations [Member] | Interstate Pipelines [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[8]

(53)

^[9]

(146)

Intersegment Eliminations [Member] | Field Services [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[10]

(18)

^[9]

(39)

Intersegment Eliminations [Member] | Midstream Investments [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

^[11]

Intersegment Eliminations [Member] | Other [Member]

Segment Reporting Information [Line Items]

Revenues from External Customers and Intersegment Revenues

Pension and Other Postretirement Plans Costs [Member] | Other [Member]

Segment Reporting Information [Line Items]

Total regulatory assets

$ 795

$ 627

$ 795

$ 627

$ 832

Waskom Gas Processing Company [Member]

Segment Reporting Information [Line Items]

Percentage of Ownership in Affiliate 2 Acquired

50.00%

Waskom Gas Processing Company [Member] | Enable Midstream Partners [Member]

Segment Reporting Information [Line Items]

Equity Interest Contributed, Percentage

100.00%

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.
[3]	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.
[4]	On each of May 1, 2013 and May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.
[5]	On May 30, 2014, CenterPoint Energy contributed a 24.95% interest in SESH to Enable, leaving CenterPoint Energy with a 0.1% interest in SESH as of December 31, 2014.
[6]	On July 31, 2012, Waskom became a wholly owned subsidiary of CenterPoint Energy. Beginning on August 1, 2012, Waskom’s operating results are consolidated on the Statements of Consolidated Income. On May 1, 2013, CenterPoint Energy contributed Waskom to Enable.
[7]	Sales to affiliates of NRG in 2014, 2013 and 2012 represented approximately $735 million, $658 million and $648 million, respectively, of CenterPoint Houston’s transmission and distribution revenues. Sales to affiliates of Energy Future Holdings Corp. in 2014, 2013 and 2012 represented approximately $189 million, $167 million and $162 million, respectively, of CenterPoint Houston’s transmission and distribution revenues.
[8]	Interstate Pipelines recorded equity income of $7 million and $26 million in the years ended December 31, 2013 and 2012, respectively, from its interest in SESH, a jointly-owned pipeline. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. Interstate Pipelines’ investment in SESH was $404 million as of December 31, 2012, and is included in Investment in unconsolidated affiliates. As discussed above, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has an Interstate Pipelines reporting segment prospectively.
[9]	Results reflected in the year ended December 31, 2013 represent only January 2013 through April 2013.
[10]	Field Services recorded equity income of $5 million for the year ended December 31, 2012 from its interest in Waskom. This amount is included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. Beginning on August 1, 2012, financial results for Waskom are included in operating income due to the July 31, 2012 purchase of the 50% interest in Waskom that CenterPoint Energy did not already own. CenterPoint Energy contributed 100% interest in Waskom to Enable on May 1, 2013. Effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable under its Midstream Investments segment, and no longer has a Field Services reporting segment prospectively.
[11]	Midstream Investments reported equity earnings of $303 million from Enable and $5 million of equity earnings from CenterPoint Energy’s interest in SESH for the year ended December 31, 2014. Midstream Investments reported equity earnings of $173 million from Enable and $8 million of equity earnings from CenterPoint Energy’s interest in SESH for the eight months ended December 31, 2013. Included in total assets of Midstream Investments as of December 31, 2014 and 2013 is $4,520 million and $4,319 million, respectively, related to CenterPoint Energy’s investment in Enable and $1 million and $199 million related to CenterPoint Energy’s retained interest in SESH, respectively.
[12]	Included in total assets of Other Operations as of December 31, 2014, 2013 and 2012, are pension and other postemployment related regulatory assets of $795 million, $627 million and $832 million, respectively.

Reportable Business Segments (Revenues by Products and Services) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Revenues by Products and Services:

Revenues

$ 2,372

$ 1,807

$ 1,884

$ 3,163

$ 2,184

$ 1,640

$ 1,894

$ 2,388

$ 9,226

$ 8,106

$ 7,452

Electric Delivery [Member]

Revenues by Products and Services:

Revenues

2,845

2,570

2,540

Retail Gas Sales [Member]

Revenues by Products and Services:

Revenues

5,049

4,150

3,328

Wholesale Gas Sales [Member]

Revenues by Products and Services:

Revenues

1,159

913

613

Gas Transportation and Processing [Member]

Revenues by Products and Services:

Revenues

345

847

Energy Products Or Services [Member]

Revenues by Products and Services:

Revenues

$ 135

128

124

Interstate Pipelines [Member]

Revenues by Products and Services:

Revenues

^[3]

$ 133

^[4]

$ 356

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.
[3]	Interstate Pipelines recorded equity income of $7 million and $26 million in the years ended December 31, 2013 and 2012, respectively, from its interest in SESH, a jointly-owned pipeline. These amounts are included in Equity in earnings of unconsolidated affiliates under the Other Income (Expense) caption. Interstate Pipelines’ investment in SESH was $404 million as of December 31, 2012, and is included in Investment in unconsolidated affiliates. As discussed above, effective May 1, 2013, CenterPoint Energy reports equity earnings associated with its interest in Enable and equity earnings associated with its interest in SESH under its Midstream Investments segment, and no longer has an Interstate Pipelines reporting segment prospectively.
[4]	Results reflected in the year ended December 31, 2013 represent only January 2013 through April 2013.

Subsequent Events (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Jan. 23, 2015

Jan. 22, 2015

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Subsequent Event [Line Items]

Quarterly Cash Dividend Declared

$ 0.95

$ 0.83

$ 0.81

Expected Cash Distribution

$ 305

$ 129

$ 39

Subsequent Event [Member]

Subsequent Event [Line Items]

Dividends Payable, Date Declared

Jan. 22, 2015

Quarterly Cash Dividend Declared

$ 0.2475

Dividends Payable, Date to be Paid

Mar. 10, 2015

Dividends Payable, Date of Record

Feb. 13, 2015

Enable Midstream Partners [Member]

Subsequent Event [Line Items]

Expected Cash Distribution

^[1]

$ 298

$ 106

$ 0

Enable Midstream Partners [Member] | Subsequent Event [Member]

Subsequent Event [Line Items]

Dividends Payable, Date Declared

Jan. 23, 2015

Quarterly Cash Dividend Declared

$ 0.30875

Expected Cash Distribution

$ 72

[1]	On May 1, 2013, CenterPoint Energy formed Enable with OGE and ArcLight.

Schedule I: Financial Information of CenterPoint Energy, Inc. (Parent Company) (Statements of Income) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Other Income (Expense):

Other Income (Expense)

$ 36

$ 24

$ 38

Loss on Indexed Debt Securities

(86)

(193)

(71)

Interest Expense

(353)

(351)

(422)

Total

(50)

(229)

(281)

Income Tax Benefit

(274)

(470)

(340)

Net Income

$ 176

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

611

311

417

CenterPoint Energy [Member]

Expenses:

Operation and Maintenance Expenses

(22)

(13)

(20)

Total

(22)

(13)

(20)

Other Income (Expense):

Interest Income from Subsidiaries

Other Income (Expense)

(1)

(5)

Loss on Indexed Debt Securities

(86)

(193)

(71)

Interest Expense to Subsidiaries

(24)

(25)

Interest Expense

(103)

(104)

(112)

Total

(190)

(318)

(192)

Loss Before Income Taxes, Equity in Subsidiaries

(212)

(331)

(212)

Income Tax Benefit

115

137

Loss Before Equity in Subsidiaries

(97)

(194)

(125)

Equity Income of Subsidiaries

708

505

542

Net Income

$ 611

$ 311

$ 417

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.

Schedule I: Financial Information of CenterPoint Energy, Inc. (Parent Company) (Statements of Comprehensive Income) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

^[1]

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Condensed Statement of Income Captions [Line Items]

Net Income

$ 176

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

$ 611

$ 311

$ 417

Adjustment to pension and other postretirement plans (net of tax of $5, $25 and $2, respectively)

(2)

Reclassification of deferred loss from cash flow hedges realized in net income (net of tax)

Other comprehensive income (loss)

(2)

Comprehensive income

$ 615

356

415

CenterPoint Houston [Member]

Condensed Statement of Income Captions [Line Items]

Percentage on limitation of debt to total capitalization under covenant (in hundredths)

65.00%

CenterPoint Energy [Member]

Condensed Statement of Income Captions [Line Items]

Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax

$ 5

Net Income

611

311

417

Adjustment to pension and other postretirement plans (net of tax of $5, $25 and $2, respectively)

(2)

Reclassification of deferred loss from cash flow hedges realized in net income (net of tax)

Other comprehensive income (loss)

(2)

Comprehensive income

$ 615

$ 356

$ 415

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.

Schedule I: Financial Information of CenterPoint Energy, Inc. (Parent Company) (Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 298	$ 208	$ 646	$ 220
Total current assets	3,268	2,658
Other Assets:
Other assets	147	162
Total other assets	9,430	9,619
Total Assets	23,200	21,870	22,871
Current Liabilities:
Indexed debt	152	143	138	131
Current portion of other long-term debt	271	0
Indexed debt securities derivative	541	455	268	197
Taxes accrued	161	184
Interest accrued	124	124
Other	383	402
Total current liabilities	3,475	3,019
Other Liabilities:
Accumulated deferred tax liabilities	4,757	4,542
Benefit obligations	953	802
Other	251	205
Total other liabilities	7,168	6,705
Long-Term Debt	8,009	7,817
Shareholders' Equity:
Total shareholders’ equity	4,548	4,329	4,301
Total Liabilities and Shareholders’ Equity	23,200	21,870
CenterPoint Energy [Member]
Current Assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Notes receivable — subsidiaries	227	88
Accounts receivable — subsidiaries	230	116
Other assets	87	21
Total current assets	544	225
Other Assets:
Investment in subsidiaries	6,529	6,142
Other assets	811	649
Total other assets	7,340	6,791
Total Assets	7,884	7,016
Current Liabilities:
Notes payable — subsidiaries	142	11
Indexed debt	152	143
Current portion of other long-term debt	269	0
Indexed debt securities derivative	541	455
Accounts payable - subsidiaries	80	35
Other	2	5
Taxes accrued	575	517
Interest accrued	13	13
Other	22	0
Total current liabilities	1,796	1,179
Other Liabilities:
Accumulated deferred tax liabilities	240	232
Benefit obligations	441	340
Other	1	0
Total other liabilities	682	572
Long-Term Debt	858	936
Shareholders' Equity:
Common stock	4	4
Additional paid-in capital	4,169	4,157
Retained earnings	461	258
Accumulated other comprehensive loss	(86)	(90)
Total shareholders’ equity	4,548	4,329
Total Liabilities and Shareholders’ Equity	$ 7,884	$ 7,016

Schedule I: Financial Information of CenterPoint Energy, Inc. (Parent Company) (Statements of Cash Flows) (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

^[2]

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Cash Flows from Operating Activities:

Net Income

$ 176

^[1]

$ 143

$ 107

$ 185

$ 113

$ 151

$ (100)

$ 147

$ 611

$ 311

$ 417

Non-cash items included in net income:

Deferred income tax expense

280

356

328

Amortization of debt issuance costs

Loss on indexed debt securities

193

Changes in working capital:

Accounts payable

(3)

152

(6)

Other current assets

(2)

(12)

Other current liabilities

(20)

Other

Net cash provided by operating activities

1,397

1,613

1,860

Investing Activities:

Net cash used in investing activities

(1,384)

(1,300)

(1,603)

Financing Activities:

Proceeds from (payments of) commercial paper, net

414

118

(285)

Payments of long-term debt

(537)

(1,573)

(1,590)

Debt issuance costs

(8)

(3)

(16)

Common stock dividends paid

(408)

(355)

(346)

Proceeds from issuance of common stock, net

Redemption of indexed debt securities

(8)

Other, net

Net cash provided by (used in) financing activities

(751)

169

Net Increase (Decrease) in Cash and Cash Equivalents

(438)

426

Cash and Cash Equivalents at Beginning of Year

208

646

208

646

220

Cash and Cash Equivalents at End of Year

298

208

298

208

646

CenterPoint Energy [Member]

Cash Flows from Operating Activities:

Net Income

611

311

417

Non-cash items included in net income:

Equity income of subsidiaries

(708)

(505)

(542)

Deferred income tax expense

113

Amortization of debt issuance costs

Loss on indexed debt securities

193

Changes in working capital:

Accounts receivable/(payable) from subsidiaries, net

(7)

Accounts payable

(3)

Other current assets

Other current liabilities

(83)

(63)

Common stock dividends received from subsidiaries

315

766

1,700

Other

(76)

(70)

(72)

Net cash provided by operating activities

225

799

1,693

Investing Activities:

Decrease (increase) in notes receivable from subsidiaries

(139)

868

(398)

Net cash used in investing activities

(139)

868

(398)

Financing Activities:

Proceeds from (payments of) commercial paper, net

191

Payments of long-term debt

(151)

(375)

Debt issuance costs

(1)

(2)

Common stock dividends paid

(408)

(355)

(346)

Proceeds from issuance of common stock, net

Short-term notes payable to subsidiaries

131

(1,173)

(578)

Redemption of indexed debt securities

(8)

Other, net

Net cash provided by (used in) financing activities

(86)

(1,667)

(1,295)

Net Increase (Decrease) in Cash and Cash Equivalents

Cash and Cash Equivalents at Beginning of Year

$ 0

Cash and Cash Equivalents at End of Year

$ 0

[1]	CenterPoint Energy recognized a $29 million deferred income tax benefit upon completion of its tax basis balance sheet review.
[2]	Effective May 1, 2013, CenterPoint Energy contributed CenterPoint Midstream to Enable. See Note 2(b) and Note 9 for further discussion on the formation of Enable and CenterPoint Energy’s investment in Enable, respectively.

Schedule I: Financial Information of CenterPoint Energy, Inc. (Parent Company) (Note Disclosures) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Notes to Financial Statements of Parent, Long-Term Debt:
Maximum amount of credit facility	$ 2,100	$ 2,100
CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Maximum amount of credit facility	$ 600	600
Percentage on limitation of debt to total capitalization under covenant (in hundredths)	65.00%
CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Maximum amount of credit facility	$ 1,200	1,200
CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Maximum amount of credit facility	$ 300	300
Percentage on limitation of debt to total capitalization under covenant (in hundredths)	65.00%
Revolving Credit Facility [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	$ 0	0
Revolving Credit Facility [Member] \| CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	0	0
Revolving Credit Facility [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	0	0
Revolving Credit Facility [Member] \| CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	0	0
Letter of Credit [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	10	10
Letter of Credit [Member] \| CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	0	0
Letter of Credit [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	6	6
Letter of Credit [Member] \| CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	4	4
Commercial Paper [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	532	118
Commercial Paper [Member] \| CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	341	118
Commercial Paper [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	191	0
Commercial Paper [Member] \| CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Borrowings from credit facility	$ 0	$ 0
Line of Credit [Member] \| CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Percentage on limitation of debt to total capitalization under covenant (in hundredths)	65.00%
Line of Credit [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Percentage on limitation of debt to total capitalization under covenant (in hundredths)	65.00%
Percentage on limitation of debt to total capitalization under covenant amended (in hundredths)	70.00%
Restoration Cost Expected Cost	$ 100
Consecutive Period for System Restoration Costs to Exceed $100 million (in months)	12
Line of Credit [Member] \| CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Percentage on limitation of debt to total capitalization under covenant (in hundredths)	65.00%
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit [Member] \| CERC Corp [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Debt Instrument, Basis Spread on Variable Rate	1.50%
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Debt Instrument, Basis Spread on Variable Rate	1.25%
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit [Member] \| CenterPoint Houston [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Debt Instrument, Basis Spread on Variable Rate	1.125%
CenterPoint Midstream Guarantees [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 100
Long term Debt Excluding Indexed Debt Securities [Member] \| CenterPoint Energy [Member]
Notes to Financial Statements of Parent, Long-Term Debt:
Debt Maturities in 2015	269
Debt Maturities in 2016	0
Debt Maturities in 2017	250
Debt Maturities in 2018	350
Debt Maturities in 2019	$ 191

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Uncollectible accounts receivable [Member]

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Period

$ 28

$ 25

Additions Charged to Income

Additions Charged to Other Accounts

Deductions From Reserves

^[1]

Balance at End of Period

Deferred tax asset valuation allowance [Member]

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Period

Additions Charged to Income

Additions Charged to Other Accounts

Deductions From Reserves

^[1]

Valuation Allowances and Reserves Deducted From Cost and Expense

(1)

Valuation Allowances and Reserves, Addition to Other Accounts

(1)

Balance at End of Period

$ 2

[1]	Deductions from reserves represent losses or expenses for which the respective reserves were created. In the case of the uncollectible accounts reserve, such deductions are net of recoveries of amounts previously written off.