Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

6. INCOME TAXES

DESC’s effective tax rate for the six months ended June 30, 2022 is 19.8% compared to 33.6% for the six months ended June 30, 2021. DESC’s effective tax rate for the six months ended June 30, 2021 is primarily attributable to loss before income tax resulting from charges associated with the settlement of the South Carolina electric base rate case.   

As of June 30, 2022, there have been no material changes in DESC’s unrecognized tax benefits. See Note 7 to the Consolidated Financial Statements in DESC's Annual Report on Form 10-K for the year ended December 31, 2021 for a discussion of these unrecognized tax benefits.