Income Taxes (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax benefit is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
Income tax credits	(13)		(13)		(28)		(27)
State income tax, net of federal income tax impacts	(1)		4		—		2
Income tax effect of foreign income	—		3		(1)		3
Effects of ratemaking	(1)		(2)		(2)		(4)
Equity income	(1)		—		(1)		(2)
Noncontrolling interest	(1)		(1)		(2)		(2)
Other, net	1		—		—		1
Effective income tax rate	5	%	12	%	(13)	%	(8)	%

PAC

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax benefit is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
State income tax, net of federal income tax benefit	4		4		3		4
Federal income tax credits	(25)		(19)		(21)		(19)
Effects of ratemaking(1)	(13)		(15)		(11)		(14)
Valuation allowance	—		—		4		—
Other	2		—		1		—
Effective income tax rate	(11)	%	(9)	%	(3)	%	(8)	%

(1)Effects of ratemaking is primarily attributable to activity associated with excess deferred income taxes.

MEC

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to MidAmerican Energy's effective income tax rate applicable to income before income tax benefit is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
Income tax credits	(973)		(271)		(682)		(634)
State income tax, net of federal income tax impacts	(26)		(31)		(23)		(32)
Effects of ratemaking	(11)		(15)		(9)		(21)
Other, net	—		2		2		—
Effective income tax rate	(989)	%	(294)	%	(691)	%	(666)	%

MidAmerican Funding, LLC

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to MidAmerican Funding's effective income tax rate applicable to income before income tax benefit is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
Income tax credits	(1,150)		(286)		(793)		(764)
State income tax, net of federal income tax impacts	(38)		(33)		(29)		(41)
Effects of ratemaking	(12)		(16)		(10)		(26)
Other, net	4		—		3		—
Effective income tax rate	(1,175)	%	(314)	%	(808)	%	(810)	%

NPC

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax benefit is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
Effects of ratemaking	(10)		(11)		(10)		(11)
Other	1		—		1		—
Effective income tax rate	12	%	10	%	12	%	10	%

SPPC

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
Effects of ratemaking	(8)		(11)		(7)		(9)
Income tax credits	—		(1)		—		—
Other	—		(3)		1		(2)
Effective income tax rate	13	%	6	%	15	%	10	%

EEGH

Schedule of Effective Income Tax Rate Reconciliation [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate applicable to income before income tax expense is as follows:

	Three-Month Periods				Six-Month Periods
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Federal statutory income tax rate	21	%	21	%	21	%	21	%
State income tax, net of federal income tax benefit	3		2		4		3
Equity interest	1		1		1		1
Effects of ratemaking	—		(1)		(2)		(1)
Noncontrolling interest	(10)		(12)		(10)		(11)
Other, net	—		2		—		—
Effective income tax rate	15	%	13	%	14	%	13	%