v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
Note 8.  Income Taxes
Effective Tax Rate
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 June 30,Six months ended June 30,
(in millions)2025202420252024
Edison International:
Income from operations before income taxes$384 $568 $2,324 $507 
Provision for income tax at federal statutory rate of 21%
81 119 488 106 
Increase (decrease) in income tax from:
State tax, net of federal tax effect(18)7 91 (30)
Property-related(68)(62)(126)(117)
Other(9)(5)(19)(13)
Total income tax (benefit) expense$(14)$59 $434 $(54)
Effective tax rate(3.6%)10.4 %18.7%(10.7%)
SCE:
Income from operations before income taxes$490 $655 $2,579 $677 
Provision for income tax at federal statutory rate of 21%
103 138 542 142 
Increase (decrease) in income tax from:
State tax, net of federal tax effect(11)13 106 (18)
Property-related(68)(62)(126)(117)
Other(10)(6)(20)(8)
Total income tax expense (benefit)$14 $83 $502 $(1)
Effective tax rate2.9%12.7 %19.5%(0.1%)
The CPUC requires flow-through ratemaking treatment for the current tax benefit arising from certain property-related and other temporary differences which reverse over time. Flow-through items reduce current authorized revenue requirement in SCE's rate cases and result in a regulatory asset for recovery of deferred income taxes in future periods. The difference between the authorized amounts as determined in SCE's rate cases, adjusted for balancing and memorandum account activities, and the recorded flow-through items also result in increases or decreases in regulatory assets with a corresponding impact on the effective tax rate to the extent that recorded deferred amounts are expected to be recovered in future rates. For further information, see Note 11.
Tax Disputes
The tax years that remain open for examination by the IRS and the California Franchise Tax Board are 2021 – 2023, and 2013 – 2018 & 2020 – 2023, respectively.