8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

FORM 8-K

________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 27, 2017

Commission File Number	Exact Name of Registrant as specified in its charter	State or Other Jurisdiction of Incorporation or Organization	IRS Employer Identification Number
1-9936	EDISON INTERNATIONAL	California	95-4137452
1-2313	SOUTHERN CALIFORNIA EDISON COMPANY	California	95-1240335

2244 Walnut Grove Avenue (P.O. Box 976) Rosemead, California 91770 (Address of principal executive offices)	2244 Walnut Grove Avenue (P.O. Box 800) Rosemead, California 91770 (Address of principal executive offices)
(626) 302-2222 (Registrant's telephone number, including area code)	(626) 302-1212 (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This current report and its exhibits include forward-looking statements. Edison International and Southern California Edison Company based these forward-looking statements on their current expectations and projections about future events in light of their knowledge of facts as of the date of this current report and their assumptions about future circumstances. These forward-looking statements are subject to various risks and uncertainties that may be outside the control of Edison International and Southern California Edison Company. Edison International and Southern California Edison Company have no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events, or otherwise. This current report should be read with Edison International's and Southern California Edison Company's combined Annual Report on Form 10-K for the year ended December 31, 2016 and subsequent Quarterly Reports on Form 10-Q. Additionally, Edison International and SCE provide direct links to EIX and SCE presentations, documents and other information at www.edisoninvestor.com (Events and Presentations) in order to publicly disseminate such information.

Item  2.02 Results of Operations and Financial Condition

On July 27, 2017, Edison International issued a press release reporting its financial results and the financial results for its subsidiary, Southern California Edison Company, for the quarter ended June 30, 2017. A copy of the press release is attached as Exhibit 99.1. On the same day, members of Edison International's management will speak to investors via a financial teleconference. Senior management's prepared remarks and accompanying presentation are attached as Exhibit 99.2 and Exhibit 99.3. The information furnished in this Item 2.02 and Exhibits 99.1, 99.2, and 99.3 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.

Item  7.01 Regulation FD Disclosure

Members of Edison International management will use the information in the presentation attached hereto as Exhibit 99.3 in meetings with institutional investors and analysts and at investor conferences. The attached presentation will also be posted on Edison International's website.

Item  9.01 Financial Statements and Exhibits

(d) Exhibits

See the Exhibit Index below.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EDISON INTERNATIONAL

(Registrant)

/s/ Aaron D. Moss

Aaron D. Moss

Vice President and Controller

Date: July 27, 2017

SOUTHERN CALIFORNIA EDISON COMPANY

(Registrant)

/s/ Connie J. Erickson

Connie J. Erickson

Vice President and Controller

Date: July 27, 2017

EXHIBIT INDEX

Exhibit No.	Description
99.1	Edison International Press Release dated July 27, 2017
99.2	Edison International Second Quarter 2017 Financial Results Conference Call Prepared Remarks dated July 27, 2017
99.3	Edison International Second Quarter 2017 Financial Results Conference Call Presentation dated July 27, 2017

EX-99.1

Exhibit 99.1

NEWS

FOR IMMEDIATE RELEASE

Investor relations contact:

Sam Ramraj, (626) 302-2540

Media relations contact:

Charles Coleman, (626) 302-7982

Edison International Reports Second Quarter 2017 Results; Increases Guidance

ROSEMEAD, Calif., July 27, 2017 - Edison International (NYSE: EIX) today reported second quarter 2017 net income of $278 million, or $0.85 per share, compared to $280 million, or $0.86 per share, in the second quarter of 2016. There was no impact from non-core items in the second quarter 2017 and second quarter 2016 results.

Southern California Edison's (SCE) second quarter 2017 net income decreased by $11 million, or $0.04 per share, from the second quarter 2016 due to a reduction in California Public Utilities Commission (CPUC) revenue related to prior overcollections.

Edison International Parent and Other’s second quarter 2017 losses from continuing operations decreased by $7 million, or $0.02 per share, compared to second quarter 2016. The decrease in losses was primarily related to higher income tax benefits related to stock option exercises and the 2017 settlement of federal income tax audits for 2007 - 2012.

Edison International Parent and Other's second quarter 2016 non-core items included income of $2 million,

or $0.01 per share, related to losses (net of distributions) allocated to tax equity investors under the hypothetical liquidation at book value (HLBV) accounting method. Additionally, during the second quarter 2016, Edison International recorded $2 million, or $0.01 per share, of losses from discontinued operations.

"Today, we increased our full-year earnings guidance based on strong results for the first half of the year, primarily related to tax benefits," said Pedro Pizarro, president and chief executive officer of Edison International. "At SCE, we continue to evaluate opportunities that will improve reliability and safety for customers and also keep us on the path of being a key enabler of California’s climate change policies."

Year-to-Date Earnings

For the six months ended June 30, 2017, Edison International reported net income of $640 million, or $1.96

per share, compared to $561 million, or $1.72 per share, during the same period in 2016. Edison International’s core earnings were $639 million, or $1.96 per share, compared to $558 million, or $1.71 per share, in the year-to-date period in 2016.

SCE’s net income for the six months ended June 30, 2017 increased $44 million, or $0.13 per share, from

the same period in 2016, primarily related to an increase in revenue from the escalation mechanism set forth in the 2015 General Rate Case (GRC) decision and lower operation and maintenance expenses, partially offset by the CPUC revenue adjustment discussed above and higher net financing costs.

Edison International Parent and Other’s losses from continuing operations from the six months ended June 30, 2017 decreased by $34 million, or $0.11 per share, compared to same period 2016. The decrease is primarily related to higher income tax benefits related to stock option exercises and the 2017 settlement of federal income tax audits for 2007 - 2012.

Edison International Reports Second Quarter 2017 Financial Results

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Edison International's non-core items for the six months ended June 30, 2017 included income of $1

million compared to income of $4 million, or $0.01 per share, for the same period in 2016 primarily related to losses (net of distributions) allocated to tax equity investors under the HLBV accounting method. Additionally, during the six months ended June 30, 2016, Edison International recorded $1 million of losses from discontinued operations.

Edison International uses core earnings, which is a non-GAAP financial measure that adjusts for significant

discrete items that management does not consider representative of ongoing earnings. Edison International

management believes that core earnings provide more meaningful comparisons of performance from period to

period. Please see the attached tables for a reconciliation of core earnings to basic GAAP earnings.

2017 Earnings Guidance Increased

The company increased its earnings guidance for 2017 as summarized in the following chart. See the presentation accompanying the company’s conference call for further information including key guidance assumptions.

2017 Earnings Guidance

	2017 Earnings Guidance			2017 Earnings Guidance
	as of May 1, 2017			as of July 27, 2017
	Low	Mid	High	Low	Mid	High
EIX Basic EPS	$4.04	$4.14	$4.24	$4.13	$4.23	$4.33
Less: Non-core Items*	-	-	-	-	-	-
EIX Core EPS	$4.04	$4.14	$4.24	$4.13	$4.23	$4.33

* There were no non-core items recorded for the six months ended June 30, 2017.

A Note on 2016 Results

In March 2016, the Financial Accounting Standards Board issued a new accounting standard for employee share-based payments.Edison International adopted this accounting standard during the fourth quarter of 2016, effective January 1, 2016. Under this new standard, share-based payments may create a permanent difference between the amount of compensation expense recognized for book and tax purposes. The tax impact of this permanent difference is recognized in earnings in the period it is created. 2016 earnings were updated to reflect the implementation of the accounting standard for share-based payments effective January 1, 2016. See the Second Quarter Reconciliation tables below and the presentation accompanying the company’s conference call for further information.

About Edison International

Edison International (NYSE:EIX), through its subsidiaries, is a generator and distributor of electric power, as well as a provider of energy services and technologies, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, one of the nation’s largest electric utilities. Edison International is also the parent company of Edison Energy Group, a portfolio of competitive businesses that provide commercial and industrial customers with energy management and procurement services and distributed solar generation. Edison Energy Group companies are independent from Southern California Edison.

Edison International Reports Second Quarter 2017 Financial Results

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Appendix

Use of Non-GAAP Financial Measures

Edison International’s earnings are prepared in accordance with generally accepted accounting principles used in the United States and represent the company’s earnings as reported to the Securities and Exchange Commission. Our management uses core earnings and core earnings per share (EPS) internally for financial planning and for analysis of performance of Edison International and Southern California Edison. We also use core earnings and core EPS when communicating with analysts and investors regarding our earnings results to facilitate comparisons of the Company’s performance from period to period. Financial measures referred to as net income, basic EPS, core earnings, or core EPS also apply to the description of earnings or earnings per share.

Core earnings and core EPS are non-GAAP financial measures and may not be comparable to those of other companies. Core earnings and core EPS are defined as basic earnings and basic EPS excluding income or loss from discontinued operations and income or loss from significant discrete items that management does not consider representative of ongoing earnings. Basic earnings and losses refer to net income or losses attributable to Edison International shareholders. Core earnings are reconciled to basic earnings in the attached tables. The impact of participating securities (vested awards that earn dividend equivalents that may participate in undistributed earnings with common stock) for the principal operating subsidiary is not material to the principal operating subsidiary’s EPS and is therefore reflected in the results of the Edison International holding company, which is included in Edison International Parent and Other.

Safe Harbor Statement

Statements contained in this release about future performance, including, without limitation, operating results, rate base growth, financial outlook, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could differ materially from current expectations. Important factors that could cause different results include, but are not limited to the:

• ability of SCE to recover its costs in a timely manner from its customers through regulated rates, including costs related to San Onofre and proposed spending on grid modernization;

• decisions and other actions by the CPUC, the FERC, the NRC and other regulatory authorities, including determinations of authorized rates of return or return on equity, approval of proposed spending on grid modernization, the outcome of San Onofre CPUC proceedings, and delays in regulatory actions;

• risks associated with cost allocation, including the potential movement of costs to certain customers, caused by the ability of cities, counties and certain other public agencies to generate and/or purchase electricity for their local residents and businesses, along with other possible customer bypass or departure due to increased adoption of distributed energy resources or technological advancements in the generation, storage, transmission, distribution and use of electricity, and supported by public policy, government regulations and incentives;

• risks inherent in SCE’s transmission and distribution infrastructure investment program, including those related to project site identification, public opposition, environmental mitigation, construction, permitting, power curtailment costs (payments due under power contracts in the event there is insufficient transmission to enable acceptance of power delivery), and governmental approvals;

• ability to obtain sufficient insurance, including insurance relating to SCE's nuclear facilities and wildfire-related liability, and to recover the costs of such insurance or in the absence of insurance the ability to recover uninsured losses; and

• risks associated with the decommissioning of San Onofre, including those related to public opposition, permitting, governmental approvals, and cost overruns.

Other important factors are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis” in Edison International’s Form 10-K, most recent Form 10-Q, and other reports filed with the Securities and Exchange Commission, which are available on our website: www.edisoninvestor.com. These filings also provide additional information on historical and other factual data contained in this news release. Edison International and

Edison International Reports Second Quarter 2017 Financial Results

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SCE also routinely post or provide direct links to presentations, documents and other information that may be of interest to investors at www.edisoninvestor.com (Events and Presentations) in order to publicly disseminate such information.

These forward-looking statements represent our expectations only as of the date of this news release, and Edison International assumes no duty to update them to reflect new information, events or circumstances.

Reminder: Edison International Will Hold a Conference Call Today

When:Thursday, July 27, 2017, 1:30 p.m. (Pacific Time)

Telephone Numbers:1-888-673-9780 (US) and 1-312-470-0178 (Int'l) - Passcode: Edison

Telephone Replay:1-800-846-4244 (US) and 1-203-369-3650 (Int’l) - Passcode: 48652

Telephone replay available through August 10, 2017

Webcast:     www.edisoninvestor.com

Edison International Reports Second Quarter 2017 Financial Results

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Second Quarter Reconciliation of Basic Earnings Per Share to Core Earnings Per Share

	Three months ended June 30,									Six months ended June 30,
	2017			20161			Change			2017			2016			Change
Earnings (loss) per share attributable to Edison International
Continuing operations
SCE	$	0.94		$	0.98		$	(0.04	)	$	2.01		$	1.88		$	0.13
Edison International Parent and Other	(0.09		)	(0.11		)	0.02			(0.05		)	(0.16		)	0.11
Discontinued operations	—			(0.01		)	0.01			—			—			—
Edison International	0.85			0.86			(0.01		)	1.96			1.72			0.24
Less: Non-core items
SCE	—			—			—			—			—			—
Edison International Parent and Other	—			0.01			(0.01		)	—			0.01			(0.01		)
Discontinued operations	—			(0.01		)	0.01			—			—			—
Total non-core items	—			—			—			—			0.01			(0.01		)
Core earnings (losses)
SCE	0.94			0.98			(0.04		)	2.01			1.88			0.13
Edison International Parent and Other	(0.09		)	(0.12		)	0.03			(0.05		)	(0.17		)	0.12
Edison International	$	0.85		$	0.86		$	(0.01	)	$	1.96		$	1.71		$	0.25

Note: Diluted earnings were $0.85 and $0.85 per share for the three months ended June 30, 2017 and 2016, respectively, and $1.95 and $1.70 per share for the six months ended June 30, 2017 and 2016, respectively.

Second Quarter Reconciliation of Basic Earnings to Core Earnings (in millions)

	Three months ended June 30,									Six months ended June 30,
(in millions)	2017			20161			Change			2017			20161			Change
Net income (loss) attributable to Edison International
Continuing operations
SCE	$	307		$	318		$	(11	)	$	656		$	612		$	44
Edison International Parent and Other	(29		)	(36		)	7			(16		)	(50		)	34
Discontinued operations	—			(2		)	2			—			(1		)	1
Edison International	278			280			(2		)	640			561			79
Less: Non-core items
SCE	—			—			—			—			—			—
Edison International Parent and Other	—			2			(2		)	1			4			(3		)
Discontinued operations	—			(2		)	2			—			(1		)	1
Total non-core items	—			—			—			1			3			(2		)
Core earnings (losses)
SCE	307			318			(11		)	656			612			44
Edison International Parent and Other	(29		)	(38		)	9			(17		)	(54		)	37
Edison International	$	278		$	280		$	(2	)	$	639		$	558		$	81

¹ In the 2016 Form 10-K, 2016 earnings were updated to reflect the implementation of the accounting standard for share-based payments effective January 1, 2016. Previously reported 2016 net income for the three months ended June 30, 2016 was $276 million, or $0.85 per share, and core earnings were $276 million, or $0.85 per share. Previously reported 2016 net income for the six months ended June 30, 2016 was $546 million, or $1.68 per share, and core earnings were $543 million, or $1.67 per share.

Edison International Reports Second Quarter 2017 Financial Results

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Consolidated Statements of Income	Edison International
	Three months ended June 30,						Six months ended June 30,
(in millions, except per-share amounts, unaudited)	2017			2016			2017			2016
Total operating revenue	$	2,965		$	2,777		$	5,428		$	5,218
Purchased power and fuel	1,175			1,064			1,959			1,858
Operation and maintenance	707			721			1,303			1,350
Depreciation, decommissioning and amortization	512			505			1,011			982
Property and other taxes	86			85			186			178
Impairment and other charges	16			21			21			21
Total operating expenses	2,496			2,396			4,480			4,389
Operating income	469			381			948			829
Interest and other income	37			33			70			65
Interest expense	(159		)	(144		)	(311		)	(284		)
Other expenses	(12		)	(11		)	(20		)	(19		)
Income from continuing operations before income taxes	335			259			687			591
Income tax expense (benefit)	26			(51		)	(14		)	(24		)
Income from continuing operations	309			310			701			615
Income from discontinued operations, net of tax	—			(2		)	—			(1		)
Net income	309			308			701			614
Preferred and preference stock dividend requirements of SCE	31			31			62			61
Other noncontrolling interests	—			(3		)	(1		)	(8		)
Net income attributable to Edison International common shareholders	$	278		$	280		$	640		$	561
Amounts attributable to Edison International common shareholders:
Income from continuing operations, net of tax	$	278		$	282		$	640		$	562
Income from discontinued operations, net of tax	—			(2		)	—			(1		)
Net income attributable to Edison International common shareholders	$	278		$	280		$	640		$	561
Basic earnings per common share attributable to Edison International common shareholders:
Weighted-average shares of common stock outstanding	326			326			326			326
Continuing operations	$	0.85		$	0.87		$	1.96		$	1.72
Discontinued operations	—			(0.01		)	—			—
Total	$	0.85		$	0.86		$	1.96		$	1.72
Diluted earnings per common share attributable to Edison International common shareholders:
Weighted-average shares of common stock outstanding, including effect of dilutive securities	329			330			329			330
Continuing operations	$	0.85		$	0.86		$	1.95		$	1.70
Discontinued operations	—			(0.01		)	—			—
Total	$	0.85		$	0.85		$	1.95		$	1.70
Dividends declared per common share	$	0.5425		$	0.4800		$	1.0850		$	0.9600

Edison International Reports Second Quarter 2017 Financial Results

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Consolidated Balance Sheets	Edison International
(in millions, unaudited)	June 30, 2017		December 31, 2016
ASSETS
Cash and cash equivalents	$	98	$	96
Receivables, less allowances of $58 and $62 for uncollectible accounts at respective dates	833		714
Accrued unbilled revenue	399		370
Inventory	235		239
Derivative assets	58		73
Regulatory assets	634		350
Other current assets	289		281
Total current assets	2,546		2,123
Nuclear decommissioning trusts	4,381		4,242
Other investments	87		83
Total investments	4,468		4,325
Utility property, plant and equipment, less accumulated depreciation and amortization of $8,914 and $9,000 at respective dates	37,267		36,806
Nonutility property, plant and equipment, less accumulated depreciation of $106 and $99 at respective dates	245		194
Total property, plant and equipment	37,512		37,000
Regulatory assets	7,850		7,455
Other long-term assets	377		416
Total long-term assets	8,227		7,871
Total assets	$	52,753	$	51,319

Edison International Reports Second Quarter 2017 Financial Results

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Consolidated Balance Sheets	Edison International
(in millions, except share amounts, unaudited)	June 30, 2017			December 31, 2016
LIABILITIES AND EQUITY
Short-term debt	$	566		$	1,307
Current portion of long-term debt	581			981
Accounts payable	1,113			1,342
Accrued taxes	15			50
Customer deposits	275			269
Derivative liabilities	190			216
Regulatory liabilities	903			756
Other current liabilities	959			991
Total current liabilities	4,602			5,912
Long-term debt	11,662			10,175
Deferred income taxes and credits	8,709			8,327
Derivative liabilities	869			941
Pensions and benefits	1,377			1,354
Asset retirement obligations	2,618			2,590
Regulatory liabilities	5,961			5,726
Other deferred credits and other long-term liabilities	2,143			2,102
Total deferred credits and other liabilities	21,677			21,040
Total liabilities	37,941			37,127
Commitments and contingencies
Redeemable noncontrolling interest	12			5
Common stock, no par value (800,000,000 shares authorized; 325,811,206 shares issued and outstanding at respective dates)	2,515			2,505
Accumulated other comprehensive loss	(48		)	(53		)
Retained earnings	9,679			9,544
Total Edison International's common shareholders' equity	12,146			11,996
Noncontrolling interests – preferred and preference stock of SCE	2,654			2,191
Total equity	14,800			14,187
Total liabilities and equity	$	52,753		$	51,319

Edison International Reports Second Quarter 2017 Financial Results

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Consolidated Statements of Cash Flows	Edison International
	Six months ended June 30,
(in millions, unaudited)	2017			2016
Cash flows from operating activities:
Net income	$	701		$	614
Less: loss from discontinued operations	—			(1		)
Income from continuing operations	701			615
Adjustments to reconcile to net cash provided by operating activities:
Depreciation, decommissioning and amortization	1,048			1,025
Allowance for equity during construction	(41		)	(42		)
Impairment and other charges	21			—
Deferred income taxes and investment tax credits	(12		)	(40		)
Other	11			11
Nuclear decommissioning trusts	(73		)	(144		)
EME insurance proceeds	—			1
Changes in operating assets and liabilities:
Receivables	(115		)	(33		)
Inventory	8			(41		)
Accounts payable	34			67
Prepaid and accrued taxes	(40		)	1
Other current assets and liabilities	(113		)	(135		)
Derivative assets and liabilities	(19		)	15
Regulatory assets and liabilities	39			90
Other noncurrent assets and liabilities	(16		)	42
Net cash provided by operating activities	1,433			1,432
Cash flows from financing activities:
Long-term debt issued or remarketed, net of discount and issuance costs of $12 and $3 for respective periods	1,523			397
Long-term debt matured	(442		)	(41		)
Preference stock issued, net	463			294
Preference stock redeemed	—			(125		)
Short-term debt financing, net	(742		)	106
Settlements of stock-based compensation, net	(152		)	(61		)
Dividends to noncontrolling interests	(62		)	(61		)
Dividends paid	(354		)	(313		)
Other	(11		)	3
Net cash provided by financing activities	223			199
Cash flows from investing activities:
Capital expenditures	(1,749		)	(1,828		)
Proceeds from sale of nuclear decommissioning trust investments	3,046			1,391
Purchases of nuclear decommissioning trust investments	(2,973		)	(1,247		)
Other	22			3
Net cash used in investing activities	(1,654		)	(1,681		)
Net increase (decrease) in cash and cash equivalents	2			(50		)
Cash and cash equivalents at beginning of period	96			161
Cash and cash equivalents at end of period	$	98		$	111

EX-99.2

Exhibit 99.2

Prepared Remarks of Edison International CEO and CFO

Second Quarter 2017 Financial Teleconference

July 27, 2017, 1:30 p.m. (PDT)

Pedro Pizarro, President and Chief Executive Officer, Edison International

Edison International reported second quarter earnings of $0.85 per share, which were slightly below last year’s second quarter earnings of $0.86 per share. Typically we make decisions about adjustments to guidance after we have third quarter results, but we are making an exception in this instance. We have previously indicated that there is a bias toward the upper half of the range. We have now adjusted guidance to a mid-point of $4.23 per share primarily to incorporate the tax benefits related to share-based compensation which we discussed earlier this year. Maria will cover this in more detail in her remarks.

My comments today focus on SCE’s key regulatory proceedings and long-term growth opportunities. I will also provide an update on our recently announced restructuring at Edison Energy. I’ll start with the SCE 2018 general rate case.

As requested by the administrative law judges, SCE entered into initial settlement discussions on the rate case in the May/June timeframe. As is always the case, there are a number of intervenors involved. While we remain open to a settlement, at this time we are continuing with the litigation process and participating in evidentiary hearings which started July 13^th and are scheduled through early August.

Just before our last earnings call, the Office of Ratepayer Advocates (ORA) had submitted testimony. In early May, all other intervenors, including The Utility Reform Network (TURN), submitted testimony. Each of ORA and TURN addressed a range of issues in the general rate case and you will recall that ORA’s recommendation yielded 6.6 percent annual rate base growth through 2020. This was based on acceptance of about 90 percent of our traditional capital spending recommendations and zero capital spending for grid modernization. In comparison, TURN’s overall capital spending recommendations would yield annual rate base growth of 6.0 percent through 2020. This includes TURN’s support for about 85 percent of our traditional capital spending and approximately 22 percent of our grid modernization capital

1

spending recommendations. Embedded in TURN’s testimony are proposed rate base adjustments of approximately $700 million of historical capital expenditures related to certain distribution infrastructure replacement programs.

On June 16^th, SCE filed its rebuttal testimony, which reiterated key points of our original application, including a continued focus on infrastructure reliability investment and the first elements of the long-term grid modernization initiative. We did lower our capital request by approximately $420 million, of which $300 million was related to grid modernization programs and the remainder related to operations support and other small programs. Over the course of the past 18 -24 months since the initial testimony was prepared, SCE refined its analysis based on additional engineering studies, pilot projects, and more detailed financial evaluations, and therefore modified the timing and approaches to upgrading certain elements of the distribution system. We continue to believe that these programs will benefit customers, and SCE expects to include these and other capital expenditures in future GRCs. Overall, these changes have modified our rate base growth to 8.3 percent from the original request of 8.6 percent. Maria will go into more detail related to our capital spending forecast.

We continue to believe that California’s 2030 greenhouse gas emission goals will require proactive steps to integrate renewable energy and distributed energy resources into the grid. Because it will take many years to modernize the grid to meet these requirements, we must start now by identifying early “no regrets” investments that will improve reliability and safety for customers, and also keep us on the path of being a key enabler of California’s climate change policies.

In addition to our general rate case, SCE is pursuing additional programs around transportation electrification and energy storage in support of California’s 2030 greenhouse gas emission goals, totaling $1 billion of additional capital spending opportunities outside of our current forecast. With respect to the transportation electrification application filed in January, SCE is still expecting a decision on $20 million of priority review projects by this October, and looking to April 2018 for a final decision on the requested $550 million project related to charging infrastructure for medium and heavy duty vehicles.

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Also, as a reminder, the IOUs received a final Commission decision in April implementing Assembly Bill 2868, which requires the IOUs to propose programs and investments for up to 500 MW of distributed energy storage systems. This amount is above and beyond the existing 1,325 MW target. SCE’s portion is approximately 166 MW. Not all of this increment will create rate base earning opportunities, but more detail will come as SCE evaluates different approaches and submits its proposal.

Next, I would like to discuss the cost of capital proceeding. We are pleased that the CPUC recently approved the original cost of capital settlement submitted by the four investor-owned energy utilities, ORA and TURN. The implementation of California’s energy policies requires a significant commitment by SCE and others in the State to drive power procurement, capital spending, and energy efficiency. We continue to play an important role in long-term contracting for renewables and, increasingly, energy storage to meet our customers’ and our State’s needs. Safety and reliability are always at the forefront of our capital spending plans, and we must now implement those plans in the context of also building a modern grid to integrate distributed energy resources that our customers are choosing and regulators are supporting. Achieving California’s climate change policies means we must attract the capital needed for infrastructure reliability and enabling a low-carbon grid. All of these activities require SCE and the other utilities to forge new and truly innovative approaches that support a premium return on equity relative to utilities in other states. Our new cost of capital will go into effect on January 1, 2018, and we will go back to the commission in April 2019 with our next cost of capital application where we will continue the discussion on these key topics.

Going further on the broader theme of California’s climate change policies, many of you have heard me talk about SCE being a key enabler of California’s goals. In early June, we joined the State of California and other states, cities, and companies when we signed an open letter to the international community supporting the Paris accord on climate change, which underscores our continued work on greenhouse gas reduction efforts.

This also reflects California’s national and international leadership in addressing greenhouse gas emissions through ambitious clean energy and environmental programs. California took its next major step on Tuesday, when Governor Brown signed Assembly Bill 398

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to extend the greenhouse gas cap-and-trade program. SCE supported AB 398 and I attended the signing ceremony, which took place in the same location where Governor Schwarzenegger signed the original AB 32 cap-and-trade legislation ten years ago. AB 398, which passed the legislature with a 2/3 supermajority vote, keeps the cap-and-trade program largely intact and extends it to 2030, but with some modification to the program’s administration.

The legislature is continuing the theme with the proposed Senate Bill 100, which would accelerate the Renewables Portfolio Standard to 50 percent by 2026; establish a target of 60 percent renewable resources by 2030; and require all electricity sold at retail to be from zero-carbon resources by 2045. We support the broad objective of the legislation, but SCE is currently working with the bill’s sponsors to seek changes that will ensure that reliability and customer rate impacts are appropriately considered. Additionally, we would like the bill to include language to provide flexibility to study and revisit its targets if necessary in the future.

Moving on to the status of the SONGS regulatory proceeding, since our last earnings call, the Commission approved our request to extend the deadline to report on the status of the meet-and-confer-process to August 15^th. In addition, SCE filed a redacted version of the MHI Arbitration decision on June 7^th for awareness by the Commission and the public. We are taking the meet-and-confer process seriously. However, we are also prepared to return to litigation if the meet-and-confer process is ultimately not successful and the CPUC takes that step. The meet-and-confer process is confidential, so we are not in a position to provide further details during today’s question and answer session.

Let’s now turn to our competitive businesses at Edison Energy Group, where there have been some developments that I would like to discuss.

As part of our ongoing strategic review of our competitive businesses, we streamlined the organizational structure of Edison Energy Group to focus on near-term needs rather than long-term potential scale. In addition to this organizational realignment, we are also evaluating various options for SoCore, our solar business. This could result in a sale of the business as there may be other parties who are better able to maximize the value of the SoCore platform given its scale and our current tax position. We have retained an advisor to assist in the effort and will provide more detail as we move forward.

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I want to make it clear that we remain committed to establishing successful competitive businesses that complement our regulated business at SCE. We have heard from our commercial and industrial customers that they value the independent insight we bring regarding their energy needs. Therefore, we will continue our commitment to growing our existing Edison Energy service lines and to establishing a new portfolio advisory service line, along with a supporting data analytics platform, for large energy users nationally. While we have not yet selected a specific date, we plan to come back to investors in September on an Edison Insights call with more details about our plans for the competitive businesses coming out of our strategic review of Edison Energy Group.

I want to thank Ron Litzinger, who has announced that he will retire by year-end. Ron has been the first leader of Edison Energy Group and has been an important part of SCE and Edison Mission Energy at key times in their history. I appreciate that Ron will be able to work with us in the months ahead to ensure a smooth transition as we recruit a new head of Edison Energy, who will report to Drew Murphy.

Maria Rigatti, Executive Vice President and Chief Financial Officer, Edison International

My comments today will cover second quarter and year-to-date results, updated earnings guidance, and our updated capital expenditure and rate base forecasts. Let’s begin by looking at the key SCE earnings drivers for the quarter shown on the right of the slide. Please turn to page 2 of the presentation.

Overall, SCE revenue was not an earnings driver this quarter. Higher revenue from the normal attrition mechanism in SCE’s current general rate case generated a positive 11 cents per share variance compared to last year’s second quarter, but other CPUC and FERC revenue offset this amount. As a part of our rebuttal testimony filed in the general rate case on June 16^th, we included an update to account for a prior assignment of certain compensation costs to customers instead of shareholders. SCE expects to refund $17 million, or 3 cents per share, to customers. This refund reduced other CPUC revenue in the second quarter. FERC revenue was lower due to 4 cents per share of items that were offset by lower operating costs and thus had no earnings impact. This was largely related to amortization in 2016 for the Coolwater-Lugo transmission project which was offset by higher depreciation.

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SCE continues to see lower operations and maintenance expenses quarter over quarter due to the ongoing implementation of various operational and service excellence initiatives. These initiatives contributed 3 cents per share to earnings in the quarter.

Higher depreciation is to be expected due to SCE’s major capital spending program, but was partially offset by the Coolwater-Lugo project recovery in 2016 mentioned previously. Net financing costs were also higher by one cent per share mainly due to increased borrowings to finance our capital program.

Higher income tax versus last year contributed a negative 5 cents per share which was mainly attributable to the 2016 timing of recognition for the recovery of flow through taxes. In total, this results in an overall SCE earnings decrease of 4 cents per share.

For the quarter, EIX Parent and Other had a positive 3 cents per share earnings variance mainly driven by 2 cents per share benefit at the holding company from an IRS settlement of prior year periods. Edison Energy Group contributed 1 cent per share to the positive variance mainly due to the absence of a 4 cents per share charge related to the 2016 buyout of an earn-out provision, offset by a 3 cent per share goodwill impairment on SoCore Energy related to the decision to evaluate strategic options for the business, including a sale, which Pedro already discussed.

As a reminder, as a result of our 2016 adoption of the new FASB accounting rules on share-based payments, comparisons with the second quarter of 2016 are on an adjusted basis. Previously we had reported 85 cents per share of core earnings in the second quarter of 2016; this is now 86 cents per share as adjusted. The adjusted quarterly earnings schedule is again included in the presentation appendix.

Please turn to page 3.

I won’t go into the detail on the year-to-date results since many of the quarterly earnings drivers are also relevant in the year-to-date period. One element that was not a driver in the second quarter but has contributed to earnings variances in the year-to-date period is the tax benefits related to share-based compensation that we realized largely in the first quarter.

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Please turn to page 4.

As Pedro mentioned earlier, we are updating guidance to incorporate the tax benefits related to share-based compensation that we recorded in the first half of 2017 and the 3 cents per share SoCore impairment recorded in the second quarter. Our new range is $4.13 to $4.33 per share with a midpoint of $4.23 per share. We continue to experience success around our operational and service excellence initiatives and cost control and effectiveness more generally. However, we have not made any adjustments to guidance at this point related to these items as we continue to evaluate the various efforts and other work that may be required. We will update guidance in the third quarter, as has been our practice, to reflect any additional changes following the summer season.

Please turn to page 5.

In June after we submitted our rebuttal testimony, we provided an updated capital spending forecast in our Business Update. The reduction of $420 million reflected the general rate case capital adjustments between 2018 and 2020. As Pedro noted, $300 million was related to grid modernization and the remainder to operations support and other small programs. Today, we are providing an additional update for our 2017 capital expenditure forecast which reflects trends that we have seen in the first six months for both CPUC and FERC capital spending. As we noted during the first quarter earnings call, SCE capital expenditures for 2017 have been trending lower than the $4.2 billion in our original forecast. We currently see 2017 capital expenditures to be $3.8 billion generally reflecting the lack of approval of a grid modernization memorandum account, lower than expected new customer meters and delays in transmission spending. As we continue to refine our grid modernization spending estimates and review the work embedded in the plan, we have identified and focused on projects that have significant reliability benefits in addition to supporting our ability to integrate distributed energy resources. We have therefore included these projects in our traditional distribution capital spending. There are no significant changes to the 2018-2020 GRC period subsequent to our rebuttal testimony.

Please turn to page 6.

I won’t spend a lot of time on page 6 as there were no changes from our prior June forecast. The main driver of our forecast is the general rate case rebuttal testimony. Our rate base forecast is based on the authorized weighted average rate base that is set in each general rate

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case for the forward looking three year period. Once SCE receives a final decision in the 2018 general rate case, our rate base forecast will be trued up along with our capital expenditures. From a FERC perspective, our rate base also remained largely the same as the majority of the capital spending decrease is tied to projects that are expected to close outside of the forecast period. Despite these short-term discrepancies, over the long-term, we continue to see SCE investing at least $4 billion per year and adding at least $2 billion per year of rate base for the foreseeable future as SCE continues to implement its wires-focused business strategy.

Please turn to page 7.

As Pedro discussed in his comments, we received a final decision on the cost of capital proceeding for 2018 and 2019. SCE’s return on equity will be adjusted to 10.30 percent from 10.45 percent and we will true up the cost of debt and preferred equity. We expect to file an advice letter in September with our forecasted cost of debt and preferred equity for 2018 and 2019. This true up will include our actual cost of debt and preferred equity as of August as well as a forecast of debt and preferred equity costs through the end of 2018. The cost of capital adjustment mechanism, or trigger mechanism, will be effective for 2019, that is, the cost of capital will remain fixed in 2018 with a possibility of the adjustment mechanism functioning in 2019. We will implement the new cost of capital starting on January 1, 2018.

SCE continues to maintain a strong balance sheet and significant financial flexibility. Our weighted average common equity component of total capitalization is 50.2 percent as of June 30^th. We continue to maintain what we believe is a prudently conservative balance sheet at both SCE and at the holding company.

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EX-99.3

July 27, 2017 Second Quarter 2017 Financial Results Exhibit 99.3

July 27, 2017 1 Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could differ materially from current expectations. These forward-looking statements represent our expectations only as of the date of this presentation, and Edison International assumes no duty to update them to reflect new information, events or circumstances. Important factors that could cause different results include, but are not limited to the: • ability of SCE to recover its costs in a timely manner from its customers through regulated rates, including costs related to San Onofre and proposed spending on grid modernization; • decisions and other actions by the CPUC, the FERC, the NRC and other regulatory authorities, including determinations of authorized rates of return or return on equity, the outcome of San Onofre CPUC proceedings, and the 2018 GRC and delays in regulatory actions; • risks associated with cost allocation, including the potential movement of costs to certain customers, caused by the ability of cities, counties and certain other public agencies to generate and/or purchase electricity for their local residents and businesses, along with other possible customer bypass or departure due to increased adoption of distributed energy resources or technological advancements in the generation, storage, transmission, distribution and use of electricity, and supported by public policy, government regulations and incentives; • risks inherent in SCE’s transmission and distribution infrastructure investment program, including those related to project site identification, public opposition, environmental mitigation, construction, permitting, power curtailment costs (payments due under power contracts in the event there is insufficient transmission to enable acceptance of power delivery), and governmental approvals; • ability to obtain sufficient insurance, including insurance relating to SCE's nuclear facilities and wildfire-related liability, and to recover the costs of such insurance or in the absence of insurance the ability to recover uninsured losses; and • risks associated with the decommissioning of San Onofre, including those related to public opposition, permitting, governmental approvals, and cost overruns. Other important factors are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis” in Edison International’s Form 10-K, most recent Form 10-Q, and other reports filed with the Securities and Exchange Commission, which are available on our website: www.edisoninvestor.com. These filings also provide additional information on historical and other factual data contained in this presentation. Forward-Looking Statements

July 27, 2017 2 Second Quarter Earnings Summary Q2 2017 Q2 2016(*) Variance Basic Earnings Per Share (EPS) SCE $ 0.94 $ 0.98 $ (0.04) EIX Parent & Other (0.09) (0.11) 0.02 Discontinued Operations — (0.01) 0.01 Basic EPS $ 0.85 $ 0.86 $ (0.01) Less: Non-core Items SCE $ — $ — $ — EIX Parent & Other1 — 0.01 (0.01) Discontinued Operations2 — (0.01) 0.01 Total Non-core $ — $ — $ — Core Earnings Per Share (EPS) SCE $ 0.94 $ 0.98 $ (0.04) EIX Parent & Other (0.09) (0.12) 0.03 Core EPS $ 0.85 $ 0.86 $ (0.01) (*) 2016 earnings was updated to reflect the implementation of the accounting standard for share-based payments effective January 1, 2016 1. Impact of hypothetical liquidation at book value (HLBV) accounting method 2. 2016 includes resolution of tax issues related to EME 3. Excludes higher income tax benefits for incremental tax repair deductions and pole-loading program-based cost of removal of $0.10 4. Excludes lower income tax benefits of $0.24 due to refunds for incremental tax benefits related to 2012-2014 repair deductions recorded in 2016 5. Excludes San Onofre revenue of ($0.01) which was offset by income taxes of $0.01 Key SCE EPS Drivers Revenue 3,4,5 $ — - CPUC - Escalation 0.11 - CPUC - Other (0.05) - FERC revenue and other (0.06) Lower O&M 0.03 Higher depreciation (0.01) Higher net financing costs (0.01) Income tax 3,4,5 $ (0.05) Total core drivers (0.04) Non-core items — Total $ (0.04) Key EIX EPS Drivers EIX parent — IRS tax settlement $ 0.02 EEG 0.01 - Buyout of an earn-out provision in 2016 0.04 - SoCore Energy goodwill impairment in 2017 (0.03) Total core drivers 0.03 Non-core items 1,2 — Total $ 0.03

July 27, 2017 3 Year to Date Earnings Summary YTD 2017 YTD 2016(*) Variance Basic Earnings Per Share (EPS) SCE $ 2.01 $ 1.88 $ 0.13 EIX Parent & Other (0.05) (0.16) 0.11 Discontinued Operations — — — Basic EPS $ 1.96 $ 1.72 $ 0.24 Less: Non-core Items SCE $ — $ — $ — EIX Parent & Other1 — 0.01 (0.01) Discontinued Operations — — — Total Non-core $ — $ 0.01 $ (0.01) Core Earnings Per Share (EPS) SCE $ 2.01 $ 1.88 $ 0.13 EIX Parent & Other (0.05) (0.17) 0.12 Core EPS $ 1.96 $ 1.71 $ 0.25 (*) 2016 earnings was updated to reflect the implementation of the accounting standard for share-based payments effective January 1, 2016 1. Impact of hypothetical liquidation at book value (HLBV) accounting method 2. Excludes higher income tax benefits for incremental tax repair deductions and pole-loading program-based cost of removal of $0.05 3. Excludes San Onofre revenue of ($0.13), interest expense of $0.01 and income taxes of $0.12. The higher income tax benefits are related to the San Onofre tax abandonment in 2017 4. Excludes lower income tax benefits of $0.24 due to refunds for incremental tax benefits related to 2012 - 2014 repair deductions in 2016 Key SCE EPS Drivers Revenue 2,3,4 $ 0.13 - CPUC - Escalation 0.21 - CPUC - Other (0.02) - FERC revenue (0.06) Lower O&M 0.09 Higher depreciation (0.05) Higher net financing costs (0.05) Income taxes 2,3,4 0.01 Total core drivers $ 0.13 Non-core items — Total $ 0.13 Key EIX EPS Drivers EIX parent — Tax benefits on stock based compensation, IRS tax settlement and other $ 0.11 EEG 0.01 - Buyout of an earn-out provision in 2016 0.04 - SoCore Energy goodwill impairment in 2017 (0.03) Total core drivers $ 0.12 Non-core items1 (0.01) Total $ 0.11

July 27, 2017 4 $4.05 $4.23(0.19)0.37 SCE 2017 EPS from Rate Base Forecast SCE Variances EIX Parent & Other EIX 2017 Core EPS Midpoint Guidance • O&M, financing and other benefits - $0.34 • Energy efficiency - $0.03 2017 Core Earnings Per Share Guidance – Building from SCE Rate Base • SCE authorized rate base $26.2 billion • Authorized CPUC capital structure - 48% equity and 10.45% ROE • FERC ROE of 10.5% • Energy efficiency earnings $0.03 per share • SONGS settlement as currently approved by CPUC • YTD incremental tax benefits included:  SCE - $0.03 per share  Holding Company - $0.09 per share • No change in tax policy • 325.8 million common shares Key Assumptions • Holding Company - ($0.08) • Edison Energy Group - ($0.08) • SoCore Impairment – ($0.03) 2017 Earnings Per Share Guidance 2017 EIX Earnings Per Share Guidance As of May 1, 2017 As of July 27, 2017 Low Mid High Low Mid High EIX Basic EPS $4.04 $4.14 $4.24 $4.13 $4.23 $4.33 Less: Non-Core Items1 - - - - - - EIX Core EPS2 $4.04 $4.14 $4.24 $4.13 $4.23 $4.33 1. There were no non-core items for the six months ended June 30, 2017 2. See Earnings Non-GAAP Reconciliations and Use of Non-GAAP Financial Measures in Appendix Updated guidance reflects strong year-to-date results, primarily related to tax benefits. We expect to continue our normal practice of updating after the third quarter for overall performance

July 27, 2017 5 SCE Capital Expenditure Forecast – Request Level Note: Forecasted capital spending includes CPUC, FERC and other spending. 2018-2020 CPUC based on 2018 GRC request rebuttal testimony. See Capital Expenditure/Rate Base Detailed Forecast for further information, including potential investment excluded in forecasts. Delta represents change from June 2017 Business Update. 1. 2016 and 2017 capital expenditures related to grid modernization are included in distribution capital expenditures ($ billions) $18.6 Billion Capital Program for 2017-2020 • Capital expenditure forecast incorporates GRC, FERC and non-GRC CPUC spending  Grid modernization spending of $1.8 billion during 2018 GRC period1  2017 traditional capital spending incorporates 2015 GRC decision and FERC spending  Includes $107 million of non-GRC CPUC capital spending for mobile home pilot program and charge ready pilot in 2017  Excludes transportation electrification and Charge Ready Phase II • Authorized/Actual may differ from forecast  Since the 2009 GRC, CPUC has approved 81%, 89%, and 92% of capital requested, respectively  SCE has no prior approval experience on grid modernization capital spending and, therefore, prior results may not be predictive  Forecasted FERC capital spending subject to timely receipt of permitting, licensing, and regulatory approvals $3.5 $3.8 $4.9 $5.0 $4.9 2016 (Actual) 2017 2018 2019 2020 Distribution Transmission Generation Traditional Capital Spending: Grid Modernization Capital Spending: Grid Modernization Prior Forecast $4.2 $4.9 $5.0 $4.9 Delta ($0.4) - - - 1

July 27, 2017 6 SCE Rate Base Forecast – Request Level CPUC • Rate base based on request levels from 2018 GRC Rebuttal Testimony and 2018 positive true-up from authorized to forecast 2017 rate base FERC • FERC rate base is approximately 20% of SCE’s rate base by 2020; includes Construction Work in Progress (CWIP) Other • No change from prior forecast • Excludes SONGS regulatory asset ($ billions) Note: Weighted-average year basis. 2016-2017 based on 2015 GRC decision. 2018-2020 CPUC based on 2018 GRC request rebuttal testimony, FERC based on latest forecast and current tax law, except “rate-base offset” for the 2015 GRC decision excluded because of write off of regulatory asset related to 2012-2014 incremental tax repairs. 4-year CAGR of 8.3% $24.9 $26.2 $29.3 $31.8 $34.3 2016 (Authorized) 2017 2018 2019 2020 Traditional Grid Modernization

July 27, 2017 7 3 4 5 6 7 10/1/12 10/1/13 10/1/14 10/1/15 10/1/16 10/1/17 10/1/18 10/1/19 R a t e ( % ) CPUC Cost of Capital CPUC Adjustment Mechanism Moody’s Baa Utility Index Spot Rate Moving Average (10/1/16 – 02/01/2017) = 4.60% 100 basis point +/- Deadband Starting Value – 5.00% Two year settlement approved • ROE adjustment based on 12-month average of Moody’s Baa utility bond rates, measured from October 1 to September 30 • If index exceeds 100 bps deadband from starting index value, authorized ROE changes by half the difference • Starting index value based on trailing 12 months of Moody’s Baa index as of September 30 of each year – 5.00% • Two year settlement approved  ROE set at 10.30%; 2018 true-up of cost of debt/preferred CPUC Authorized Settlement Terms Capital Structure 2017 2018-2019 Common Equity 48% 10.45% 10.30% Preferred 9% 5.79% TBD Long-term Debt 43% 5.49% TBD Weighted Average Cost of Capital 7.90% TBD ROE fixed at 10.30%, for 2018 independent of trigger mechanism ROE fixed at 10.45%, for 2017 independent of trigger mechanism

July 27, 2017 8 Appendix

July 27, 2017 9 2016 Retrospectively Adjusted EPS by Quarter 20161 Q4 Q3 Q2 Q1 Earnings (loss) per share attributable to Edison International Continuing Operations SCE $4.22 $1.01 $1.34 $0.98 $0.90 Edison International Parent & Other (0.23) (0.04) (0.05) (0.11) (0.04) Discontinued Operations 0.03 0.04  (0.01)  Edison International $4.02 $1.01 $1.29 $0.86 $0.86 Less: Non-Core Items SCE      Edison International Parent & Other 0.02   0.01 0.01 Discontinued Operations 0.03 0.04  (0.01)  Total Non-Core Items $0.05 $0.04   $0.01 Core Earnings (losses) SCE 4.22 1.01 1.34 0.98 0.90 Edison International Parent & Other (0.25) (0.04) (0.05) (0.12) (0.05) Edison International $3.97 $0.97 $1.29 $0.86 $0.85 1. As a result of rounding, the total of the four quarters does not always equal the amount for the year Note: Edison International and SCE adopted an accounting standard in the fourth quarter of 2016, effective January 1, 2016, which resulted in all of the tax effects related to share based payments being recorded through the income statement. Diluted EPS would have been, $1.00 for the fourth quarter of 2016, $1.27 for the third quarter of 2016, $0.85 for the second quarter of 2016 and $0.85 for the first quarter of 2016

July 27, 2017 10 Earnings Non-GAAP Reconciliations "Note: See Use of Non-GAAP Financial Measures. Earnings for second quarter and year-to-date 2016 were updated to reflect the implementation of the accounting standard for share- based payments effective January 1, 2016. ($ millions) Reconciliation of EIX GAAP Earnings to EIX Core Earnings SCE EIX Parent & Other Discontinued Operations Basic Earnings Non-Core Items SCE EIX Parent & Other Discontinued Operations Total Non-Core Core Earnings SCE EIX Parent & Other Core Earnings Earnings Attributable to Edison International $318 (36) (2) $280 $ − 2 (2) $ − $318 (38) $280 $307 (29) − $278 $ – – – $ − $307 (29) $278 Q2 2016 Q2 2017 $612 (50) (1) $561 $ − 4 (1) $3 $612 (54) $558 $656 (16) − $640 $ – 1 – $ 1 $656 (17) $639 YTD 2016 YTD 2017

July 27, 2017 11 SCE Core EPS Non-GAAP Reconciliations Basic EPS Non-Core Items Regulatory and tax items Write down, impairment and other charges Insurance recoveries Less: Total Non-Core Items Core EPS Reconciliation of SCE Basic Earnings Per Share to SCE Core Earnings Per Share 5% 5% $3.33 — — — — $3.33 $4.81 0.71 — — 0.71 $4.10 $2.76 — (1.12) — (1.12) $3.88 Note: See Use of Non-GAAP Financial Measures. $4.46 — (0.22) — (0.22) $4.68 $3.06 — (1.18) 0.04 (1.14) $4.20 Earnings Per Share Attributable to SCE CAGR2011 2012 2013 2014 2015 $4.22 — — — — $4.22 2016

July 27, 2017 12 Use of Non-GAAP Financial Measures Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings internally for financial planning and for analysis of performance. Core earnings are also used when communicating with investors and analysts regarding Edison International's earnings results to facilitate comparisons of the Company's performance from period to period. Core earnings are a non-GAAP financial measure and may not be comparable to those of other companies. Core earnings (or losses) are defined as earnings or losses attributable to Edison International shareholders less income or loss from discontinued operations and income or loss from significant discrete items that management does not consider representative of ongoing earnings, such as: exit activities, including sale of certain assets, and other activities that are no longer continuing; asset impairments and certain tax, regulatory or legal settlements or proceedings. A reconciliation of Non-GAAP information to GAAP information is included either on the slide where the information appears or on another slide referenced in this presentation. EIX Investor Relations Contact Sam Ramraj, Vice President (626) 302‐2540 sam.ramraj@edisonintl.com Allison Bahen, Senior Manager (626) 302‐5493 allison.bahen@edisonintl.com