Three months ended June 30,

Six months ended June 30,

(in millions)

2024

2023

2024

2023

Edison International:

Income from operations before income taxes

$

568

$

460

$

507

$

838

Provision for income tax at federal statutory rate of 21%

119

97

106

176

Increase (decrease) in income tax from:

State tax, net of federal income tax effect

7

1

(30)

—

Property-related

(62)

(47)

(117)

(105)

Other

(5)

—

(13)

(7)

Total income tax expense (benefit)

$

59

$

51

$

(54)

$

64

Effective tax rate

10.4

%

11.1

%

(10.7)

%

7.6

%

SCE:

Income from operations before income taxes

$

655

$

517

$

677

$

945

Provision for income tax at federal statutory rate of 21%

138

109

142

198

Increase (decrease) in income tax from:

State tax, net of federal tax effect

13

8

(18)

11

Property-related

(62)

(47)

(117)

(105)

Other

(6)

(2)

(8)

(7)

Total income tax expense (benefit)

$

83

$

68

$

(1)

$

97

Effective tax rate

12.7

%

13.2

%

(0.1)

%

10.3

%