Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Taxes

Reconciliation of Income Tax Expense

The table below provides a reconciliation of income tax expense computed at the federal statutory income tax rate to the income tax provision:

	Edison International						SCE
	Three months ended March 31,
(in millions)	2023			2022			2023			2022
Income from operations before income taxes	$	378		$	81		$	428		$	133
Provision for income tax at federal statutory rate of 21%		79			17			90			28
Increase (decrease) in income tax from:
State tax, net of federal benefit		(1)			(17)			3			(13)
Property-related		(58)			(45)			(58)			(45)
Other		(7)			(10)			(6)			(10)
Total income tax expense (benefit)	$	13		$	(55)		$	29		$	(40)
Effective tax rate		3.4	%		(67.9)	%		6.8	%		(30.1)	%