SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2011

Condensed Financial Information Of Parent [Abstract]

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED BALANCE SHEETS

	December 31,
(in millions)	2011		2010
Assets:
Cash and equivalents	$	28	$	21
Other current assets	236		285
Total current assets	264		306
Investments in subsidiaries	10,511		11,050
Deferred income tax	150		142
Other	192		67
Total assets	$	11,117	$	11,565
Liabilities and Shareholders' Equity:
Accounts payable	$	4	$	—
Other current liabilities	448		456
Total current liabilities	452		456
Long-term debt	400		410
Other	210		116
Common stockholders' equity	10,055		10,583
Total liabilities and common shareholders' equity	$	11,117	$	11,565

EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF INCOME

For the Years Ended December 31, 2011, 2010 and 2009

(in millions, except per-share amounts)	2011			2010			2009
Operating revenue and other income	$	—		$	—		$	1
Operating expenses and interest expense	63			56			50
Loss before equity in earnings of subsidiaries	(63		)	(56		)	(49		)
Equity in earnings (loss) of subsidiaries	(1		)	1,262			833
Income (loss) before income taxes	(64		)	1,206			784
Income tax benefit	(27		)	(50		)	(65		)
Net income (loss) attributable to Edison International common shareholders	$	(37	)	$	1,256		$	849
Weighted-average common stock outstanding	326			326			326
Basic earnings (loss) per share	$	(0.11	)	$	3.84		$	2.59
Diluted earnings (loss) per share	$	(0.11	)	$	3.82		$	2.58

EDISON INTERNATIONAL

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2011, 2010 and 2009

(in millions)	2011			2010			2009
Net cash provided by operating activities	$	437		$	90		$	267
Cash flows from financing activities:
Long-term debt issued	—			399			9
Long-term debt issuance costs	—			(3		)	—
Long-term debt repaid	—			—			(7		)
Short-term debt financing – net	(9		)	(66		)	(165		)
Settlements of stock-based compensation – net	(5		)	(6		)	(5		)
Capital transfer	—			—			3
Dividends paid	(417		)	(411		)	(404		)
Net cash used by financing activities	(431		)	(87		)	(569		)
Net cash provided by investing activities:	1			—			—
Net increase (decrease) in cash and cash equivalents	7			3			(302		)
Cash and cash equivalents, beginning of year	21			18			320
Cash and cash equivalents, end of year	$	28		$	21		$	18

Note 1. Basis of Presentation

The accompanying condensed financial statements of Edison International (parent) should be read in conjunction with the consolidated financial statements and notes thereto of Edison International and subsidiaries ("Registrant") included in Part II, Item 8 of this Form 10-K. Edison International's (parent) significant accounting policies are consistent with those of the Registrant and its wholly-owned subsidiaries, SCE and EMG.

Dividends Paid

SCE paid cash dividends to Edison International of $461 million in 2011 and $300 million for both 2010 and 2009.

Dividend Restrictions

The CPUC regulates SCE's capital structure and limits the dividends it may pay Edison International. In SCE's most recent cost of capital proceeding, the CPUC sets an authorized capital structure for SCE which included a common equity component of 48%. SCE may make distributions to Edison International as long as the common equity component of SCE's capital structure remains at or above the 48% authorized level on a 13-month weighted average basis. At December 31, 2011, SCE's 13-month weighted-average common equity component of total capitalization was 50.4% resulting in the capacity to pay $436 million in additional dividends.

Note 2. Debt and Credit Agreements

Long-Term Debt

As of December 31, 2011, Edison International (parent) had 3.75% senior notes outstanding of $400 million which matures in 2017.

Credit Agreements and Short-Term Debt

Edison International (parent) has a $1.4 billion revolving credit facility with various banks that terminates in February 2013. Edison International's (parent) short-term debt is generally used for liquidity purposes. At December 31, 2011, Edison International (parent)'s outstanding short-term debt was $10 million at a weighted-average interest rate of 0.66%. At December 31, 2010, the outstanding short-term debt was $19 million at a weighted-average interest rate of 0.63%.

The following table summarizes the status of the credit facility at December 31, 2011:

(in millions)	Edison International (parent)
Commitment	$	1,426
Outstanding borrowings	(10		)
Amount available	$	1,416

Edison International has a debt covenant in its credit facility that requires a consolidated debt to total capitalization ratio of less than or equal to 0.65 to 1. At December 31, 2011, Edison International's consolidated debt to total capitalization ratio was 0.56 to 1.

Note 3. Related-Party Transactions

Edison International (parent) had current receivables due from affiliates of $219 million and $62 million and current payables due to affiliates of $106 million and $315 million at December 31, 2011 and 2010, respectively. Edison International (parent) had long-term payables due to affiliates of $98 million and $25 million at December 31, 2011 and 2010, respectively.