Edison International

SCE

Three months ended March 31,

(in millions)

2022

2021

2022

2021

Income from operations before income taxes

$

81

$

254

$

133

$

299

Provision for income tax at federal statutory rate of 21%

17

53

28

63

(Decrease) increase in income tax from:

Items presented with related state income tax, net:

State tax, net of federal benefit

(17)

(7)

(13)

(4)

Property-related

(45)

(83)

(45)

(83)

Other

(10)

1

(10)

—

Total income tax benefit

$

(55)

$

(36)

$

(40)

$

(24)

Effective tax rate

(67.9)

%

(14.2)

%

(30.1)

%

(8.0)

%