Income Taxes (Tables)

9 Months Ended

Sep. 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:

	Three months ended September 30,						Nine months ended September 30,
(in millions)	2023			2022			2023			2022
Edison International:
Income (loss) from operations before income taxes	$	189		$	(261)		$	1,027		$	119
Provision for income tax at federal statutory rate of 21%		40			(55)			216			25
(Decrease) increase in income tax from:
State tax, net of federal benefit		(16)			(58)			(16)			(79)
Property-related		(47)			(79)			(152)			(172)
Other		—			5			(7)			(9)
Total income tax (benefit) expense	$	(23)		$	(187)		$	41		$	(235)
Effective tax rate		(12.2)	%		(71.6)	%		4.0	%		(197.5)	%
SCE:
Income (loss) from operations before income taxes	$	268		$	(230)		$	1,213		$	252
Provision for income tax at federal statutory rate of 21%		56			(48)			255			53
(Decrease) increase in income tax from:
State tax, net of federal benefit		(11)			(53)			—			(66)
Property-related		(47)			(79)			(152)			(172)
Other		1			3			(7)			(10)
Total income tax (benefit) expense	$	(1)		$	(177)		$	96		$	(195)
Effective tax rate		(0.4)	%		(77.0)	%		7.9	%		(77.4)	%