Three months ended June 30,

Six months ended June 30,

(in millions)

2023

2022

2023

2022

Edison International:

Income from operations before income taxes

$

460

$

299

$

838

$

380

Provision for income tax at federal statutory rate of 21%

97

63

176

80

Increase (decrease) in income tax from:

State tax, net of federal benefit

1

(4)

—

(21)

Property-related

(47)

(48)

(105)

(93)

Other

—

(4)

(7)

(14)

Total income tax expense (benefit)

$

51

$

7

$

64

$

(48)

Effective tax rate

11.1

%

2.3

%

7.6

%

(12.6)

%

SCE:

Income from operations before income taxes

$

517

$

349

$

945

$

482

Provision for income tax at federal statutory rate of 21%

109

73

198

101

Increase (decrease) in income tax from:

State tax, net of federal benefit

8

—

11

(13)

Property-related

(47)

(48)

(105)

(93)

Other

(2)

(3)

(7)

(13)

Total income tax expense (benefit)

$

68

$

22

$

97

$

(18)

Effective tax rate

13.2

%

6.3

%

10.3

%

(3.7)

%