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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2023
Income Taxes  
Summary of 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:

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Three months ended June 30, 

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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)

%