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 March 31, | | 2026 | | 2025 | | (in millions) | Amount | % | | Amount | % | | Edison International: | | | | | | | Income from operations before income taxes | $ | 671 | | | | $ | 1,940 | | | Federal statutory tax rate | $ | 141 | | 21.0 | % | | $ | 407 | | 21.0 | % | State income tax, net of federal income tax effect1 | 21 | | 3.2 | % | | 109 | | 5.6 | % | Tax credits | (15) | | (2.2) | % | | (5) | | (0.3) | % | Other adjustments | | | | | | | Property-related | (65) | | (9.6) | % | | (58) | | (2.9) | % | Corporate alternative minimum tax | 18 | | 2.7 | % | | — | | — | % | | Other | 1 | | — | % | | (5) | | (0.3) | % | | Effective tax rate | $ | 101 | | 15.1 | % | | $ | 448 | | 23.1 | % | | SCE: | | | | | | | Income from operations before income taxes | $ | 776 | | | | $ | 2,089 | | | Federal statutory tax rate | $ | 163 | | 21.0 | % | | $ | 439 | | 21.0 | % | State income tax, net of federal income tax effect1 | 27 | | 3.5 | % | | 117 | | 5.6 | % | Tax credits | (15) | | (1.9) | % | | (5) | | (0.2) | % | Other adjustments | | | | | | | Property-related | (65) | | (8.4) | % | | (58) | | (2.9) | % | Corporate alternative minimum tax | 18 | | 2.3 | % | | — | | — | % | | Other | — | | — | % | | (5) | | (0.2) | % | | Effective tax rate | $ | 128 | | 16.5 | % | | $ | 488 | | 23.3 | % |
1State taxes in California represents substantially all of the tax effect in this category.
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