2017 ANNUAL REPORT OF SOUTHERN CALIFORNIA EDISON COMPANY (U 338-E)

Transcription

1 ANNUAL REPORT OF ON SUBSIDIARY, AFFILIATE, AND HOLDING COMPANY TRANSACTIONS IN COMPLIANCE WITH R , ORDERING PARAGRAPH NO. 2 VOLUME III

2 II.B. Requirement B, Part 2 - PROCEDURAL & ACCOUNTING SAFEGUARDS II.B.2. List Of Contracts With Affiliated Entities... 2 II.B.3. List Of Verbal Agreements With Affiliated Entities Involving Expenditures Greater Than $100, II.B.4. List Of Internal Audits Regarding Transactions Between Utility & Affiliates... 6 II.C. Requirement C - UTILITY PROVISION OF GOODS AND SERVICES TO AFFILIATES... 8 II.D. Requirement D - AFFILIATE PROVISION OF GOODS AND SERVICES TO UTILITY II.E. Requirement E - TRANSFERS OF TANGIBLE ASSETS II.F. Requirement F - TRANSFERS OF INTANGIBLE AND INTELLECTUAL PROPERTY II.G. Requirement G - FINANCIAL TRANSACTIONS II.G.1-3. Guarantee of Notes, Debentures, and Debt Obligations II.G.4. Intercompany Accounts II.G.5. Tax Liabilities II.G.6. Internal Transfer of Funds II.G.7.a. Quarterly Financial Statements First Quarter EIX Consolidated Balance Sheets EIX Consolidated Statements of Income Quarterly Financial Statements Second Quarter i

3 EIX Consolidated Balance Sheets EIX Consolidated Statements of Income Quarterly Financial Statements Third Quarter EIX Consolidated Balance Sheets EIX Consolidated Statements of Income Quarterly Financial Statements Fourth Quarter EIX Consolidated Balance Sheets EIX Consolidated Statements of Income II.G.7.b. Nonconsolidated Subsidiaries II.G.7.c. Periodic Securities and Exchange Commission Reports Edison International and Southern California Edison Annual Report Joint Proxy Statement II.G.7.d. Proportionate Share Report II.H. Requirement H - MOVEMENT OF EMPLOYEES VIII.C.2.c Section I - Affiliate Transaction Rule VIII.C.2.c - STATUS OF COMPLAINTS VERIFICATION ii

4 REQUIREMENT B, Part 2 PROCEDURAL & ACCOUNTING SAFEGUARDS 1

5 LIST OF CONTRACTS WITH AFFILIATED ENTITIES 2

6 Q. B.2 2. Each utility shall submit, in tabular form, a list of all contracts (including written agreements if not otherwise listed under No. 1 above) between the utility and its affiliated entities that were either signed or in effect during the period covered by the annual report and that involve the provision of greater than $5,000 in goods/or services. Contracts covering the provision of tariffed utility services shall not be reported if offered at tariffed rates or pursuant to a contract filed with the Commission. This list shall include the following... A. B.2 2. In, there were no such contracts with affiliated entities known to be in place. 3

7 LIST OF VERBAL AGREEMENTS WITH AFFILIATED ENTITIES INVOLVING EXPENDITURES GREATER THAN $100,000 4

8 Q. II.B.3. Any verbal agreement between a utility and any of its affiliated entities that involves or will ultimately involve the expenditure by the utility of any amount over $100,000 should be reported, to the extent possible, under #2 above. A. II.B.3. In, there were no such agreements with affiliated entities known to be in place. 5

9 LIST OF INTERNAL AUDITS REGARDING TRANSACTIONS BETWEEN UTILITY AND AFFILIATES 6

10 RESPONSE TO ORDER INSTITUTING RULEMAKING R Q. B.2 4. Each utility shall annually provide a list of all internal audits conducted regarding transactions between the utility and any of its affiliated entities, including in its list the following: Dates the audit was conducted Date of final audit report Purpose of audit Summary of audit findings and recommendations A. B.2 4. In, there were no internal audits conducted regarding transactions between the utility and any of its affiliated entities. 7

11 REQUIREMENT C UTILITY PROVISION OF GOODS AND SERVICES TO AFFILIATES 8

12 Q. II.C.1-8. Using the format of Table II-C-1, each utility shall report any goods and/or services that the utility provided to any of its affiliated entities during the period covered by the annual report. All goods and/or services shall be reported regardless of whether or not the utility was reimbursed... A. II.C.1-8. See attached Table. 9

13 Southern California Edison Company Provision of Goods and Services From the Utility to its Affiliated Entities During the Calendar Year Ending December 31, Edison Edison Edison Cost* USOA ACCOUNT Edison Mission Energy Insurance Allocation ACCT. DESCRIPTION International Group Group Services TOTAL Method 131 Cash (7,993,510) 34,700 (32,469) - (7,991,279) A 232 Accounts Payable 3,996, , ,386-4,452,109 A 242 Miscellaneous Current and Accrued Liabilities 160,175 1, , ,994 A 408.1xx Taxes Other Than Inc. Taxes, Utility Op. Income 84,329 17,038 49,369 1, ,754 A, B, C, D 426.5xx Other Deductions 454 Rent 456 Other Electric Revenues 557 Other Expenses 588 Miscellaneous Distribution Expense 193, ,657 A 1,989, , ,189 11,305 2,450,297 A 81,343 11,980 45, ,690 A 17,674-7,406-25,080 A 13,414-1,316-14,730 A * ALLOCATION METHODS A. Directly Charged All costs associated with services performed are billed to the requesting affiliate. B. Multi-Factor This method is used to allocate the cost of corporate support services provided by SCE personnel. It is based on a formula using each affiliate's proportionate share of: Operating Revenues, Operating Expenses, Total Assets, and Number of Employees. C. Equity Investment This allocation method is based on the equity of each affiliate. D. Number of Employees ` This method is based on the total regular or equivalent number of regular employees working for each affiliate. 10

14 Southern California Edison Company Provision of Goods and Services From the Utility to its Affiliated Entities During the Calendar Year Ending December 31, Edison Edison Edison Cost* USOA ACCOUNT Edison Mission Energy Insurance Allocation ACCT. DESCRIPTION International Group Group Services TOTAL Method 901 Supervision (Major Only) 908 Customer Assistance Expenses 13, ,916 A ,774-18,774 A 912 Demonstrating and Selling Expenses 10, ,398 A 920/921 Admin. And Gen. Salaries/Office Supp. and Exp. 1,350, , ,268 15,544 2,421,235 A, B, C, D 923 Outside Services Employed 103, , ,148 A, B, D 925 Injuries and Damages 12,824 2,594 7, ,077 A, B, C, D 926 Employee Pension and Benefits 3,966,462 94, ,776 3,437 4,754,471 A, D 930.2xx Miscellaneous General Expenses 3,801 39,500 12,581 1,201 57,083 B, C TOTAL 4,004, ,458 2,303,921 34,055 7,133,134 * ALLOCATION METHODS A. Directly Charged All costs associated with services performed are billed to the requesting affiliate. B. Multi-Factor This method is used to allocate the cost of corporate support services provided by SCE personnel. It is based on a formula using each affiliate's proportionate share of: Operating Revenues, Operating Expenses, Total Assets, and Number of Employees. C. Equity Investment This allocation method is based on the equity of each affiliate. D. Number of Employees ` This method is based on the total regular or equivalent number of regular employees working for each affiliate. 11

15 Q. II.C.9. In addition to the information requested in Table II-C-1, each utility shall provide, as a separate document, a brief narrative description for any affiliated entity that had over $10,000 of transfer price recorded in any USOA account. This narrative description will describe in greater detail the types of goods and services provided, as well as the methodologies used to calculate their transfer price and allocated cost. A. II.C.9. See attached listing. 12

16 Edison International Account 131 Costs incurred by SCE for non-utility employees labor and related expenses offset by payroll funding advances through SCE payroll system. Account 232 Cost incurred by SCE for pensions and benefits provided for non-utility employees. Also includes expenses incurred in connection with credit card payments related to travel, entertainment and other miscellaneous expenses. Account 242 Costs incurred by SCE for short-term incentive payments and executive compensation plans. Account Payroll tax applied to labor provided. Account Costs incurred by SCE for Edison award to employees for outstanding performance. Account 454 Cost incurred by SCE for office rent and cost of SCE employees' use of utility facilities while performing work for nonutility affiliates. Account 456 Includes labor markup of five, ten or fifteen percent on fully loaded labor costs to ensure that any unidentified costs related to nonutility operations are charged to nonutility affiliates. Account 557 Costs incurred by SCE for expenses supporting EIX Microgrid strategic initiative that includes identifying customers unmet needs, mapping the microgrid ecosystem, and developing potential business models and opportunities. Also included costs incurred by SCE related to its support for the LA 2024 Olympics and Paralympic Games. Account 588 Costs incurred by SCE for labor expenses related to strategic initiatives. 13

17 Account 901 Costs incurred by SCE for labor and expenses related to the employee rotation that is designed to provide cross-functional experience between SCE and EIX. Account 912 Costs incurred by SCE for labor and expenses related to strategic planning and energy storage. Account 920/921 Services provided for various administrative and general activities such as corporate accounting, benefits accounting, tax, audits, legal services, communication services, printing services, human resources, cash management, equal opportunity, corporate governance, ethics and compliance, procurement, facility operations, financial planning and analysis, mailing services, information technology, event and travel services, executive relocation, security, and aircraft usage. Account 923 Costs incurred for services provided by outside entities (e.g., consultants and legal) and reimbursements to EIX for outside services costs incurred on behalf of SCE. Account 925 Cost incurred by SCE for worker s compensation. Account 926 Cost of 401K, pensions and benefits for labor provided, pension and benefits costs for non-utility employees and supplemental benefits for shared officers. 14

18 Edison Mission Group Account 131 Costs incurred by SCE for non-utility employees labor and related expenses offset by payroll funding advances through SCE payroll system. Account 232 Cost incurred by SCE for pensions and benefits provided for non-utility employees. Account Payroll tax applied to labor provided. Account 454 Cost incurred by SCE for office rent and cost of SCE employees use of utility facilities while performing work for nonutility affiliates. Account 456 Included labor markup of five, ten or fifteen percent on fully loaded labor costs to ensure that any unidentified costs related to nonutility operations are charged to nonutility affiliates. Account 920/921 Services provided for various administrative and general activities such as accounting, legal, payroll, tax, audits, corporate governance, information technology, ethics and compliance, security and corporate communication. Account 926 Cost of pensions and benefits for labor provided, pension and benefits costs for nonutility employees and supplemental benefits for shared officers. Account Costs incurred by SCE for the filing of the Annual Report as well as shareholders meetings and stock exchange fees. 15

19 Edison Energy Group, Inc. & Subs Account 131 Costs incurred by SCE for non-utility employees labor and related expenses offset by payroll funding advances through SCE payroll system. Account 232 Cost incurred by SCE for pensions and benefits for labor provided for non-utility employees. Account 242 Costs incurred by SCE for short-term incentive payments and executive compensation plans. Account Payroll tax applied to labor provided. Account 454 Cost incurred by SCE for office rent and cost of SCE employees' use of utility facilities while performing work for nonutility affiliates. Account 456 Includes labor markup of five, ten or fifteen percent on fully loaded labor costs to ensure that any unidentified costs related to nonutility operations are charged to nonutility affiliates. Account 908 Cost incurred by SCE for labor, materials and expenses used for providing instructions and assistance to customers to encourage a safe, efficient and economical use of the utility service. This involved providing technical expertise by identifying energy improvements at the industrial customer facilities including energy audits associated with the executed contract between EE and the industrial customer. Account 920/921 Services provided for various administrative and general activities such as audits, accounting, tax, corporate governance, communications services, information technology, ethics and compliance, security and legal services. 16

20 Account 926 Cost of 401K, pension and benefits costs for labor provided. Account Costs incurred by SCE for the filing of the Annual Report as well as shareholders meetings and stock exchange fees. 17

21 Edison Insurance Services Account 454 Cost incurred by SCE for office rent and cost of SCE employees' use of utility facilities while performing work for nonutility affiliates. Account 920/921 Services provided for various administrative and general activities such as audits, accounting, tax, corporate governance, communications services, information technology, ethics and compliance, security and legal services. 18

22 Q. II.C.10. Electric and gas utilities are not required to report in Table II-C-1 any tariffed utility services provided to their affiliated entities. A. II.C.10. This question does not apply to electric utilities. Q. II.C.11. Telephone utilities shall not report in Table II-C-1 any tariffed services (including roamer services) provided to any of their affiliated entities. Instead, each telephone utility shall separately list for each affiliated entity the following information A. II.C.11. This question does not apply to electric utilities. 19

23 REQUIREMENT D AFFILIATE PROVISION OF GOODS AND SERVICES TO UTILITY 20

24 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Q. II.D.1-9. Section C required each utility to report goods and/or services that it provided to its affiliated entities. This section (Section D) requires the reporting of all goods and/or services that the affiliated entities provided to the utility... A. II.D.1-9. See the attached table. 21

25 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Southern California Edison Company Provision of Goods and Services From Affiliated Entities to the Utility During the Calendar Year Ending December 31, USOA ACCOUNT Edison Edison Insurance Allocation ACCOUNT DESCRIPTION International Services TOTAL Method* 143 Other Accounts Receivable 17,280,641 17,280,641 A 165 Prepayments 63,993, ,679, ,673,613 A 214 Capital Stock Expense 189, ,955 A 232 Accounts Payable 1,484,195 1,484,195 A 236 Tax Accrued 2,081,347 2,081,347 A 242 Miscellaneous Current and Accrued Liabilities 935, ,126 A 253 Other Deferred Credits 17,298,581 17,298,581 A 426.1xx Donations 23,553,085 23,553,085 A, B 426.4xx Expenditures for Certain Civic, Political, and Related Activities 4,550,743 4,550,743 A, B 426.5xx Other Deductions 461, ,546 B 431 Other Interest Expense 712, ,417 B 438 Dividends Declared 785,000, ,000,000 A 439 Adjustment to Retained Earnings 5,196,219 5,196,219 A 920/921 Admin And Gen. Salaries/Office Supp. And Exp. 486, ,358 A, D 923 Outside Services Employed 17,322,953 17,322,953 A, B,C 930.2xx Miscellaneous General Expenses 4,241,495 4,241,495 B 931 Rent 32,250 32,250 A Total $ 944,820,755 $ 144,679,769 $ 1,089,500,524 Note: There were no purchases of electric energy from affiliated entities. * Allocation Methods A. Directly Charged All costs associated with services are billed to the utility. B. Multi-Factor This method is based on a formula using each affiliate's proportionate share of: Operating Revenues, Operating Expenses, Total Assets, and Number of Employees. C. Equity Investment This allocation method is based on the equity of each affiliate. D. Number of Employees This method is based on the total regular or equivalent number of regular employees working for each affiliate. 22

26 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Q. II.D.10. In addition to the information requested in Table II-D-1, each utility shall provide, as a separate document, a brief narrative description for any USOA account that had recorded over $10,000 in goods and services provided by an affiliated entity. This narrative description will describe in greater detail the types of goods and services provided, as well as the methodologies used to calculate their transfer price and a summary of all methodologies and calculations used to determine fair market value. A. II.D.10. See attached listing. 23

27 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Edison International Account 143 SCE reimbursed EIX for stock options paid on SCE behalf. Account 165 SCE reimbursed EIX for various insurance policies: excess liability, energy casualty insurance, and wildlife insurance on SCE behalf. Account 214 SCE reimbursed EIX for expenses incurred in connection with stock preference rating agency. Account 232 SCE reimbursed EIX for expenses incurred in connection with charitable contributions, credit card payments related to travel, entertainment and other miscellaneous expenses. Account 236 SCE reimbursed EIX for tax liabilities owed to the tax authorities on SCE behalf. Account 242 SCE reimbursed EIX for rating agency fees, short-term incentive payments and executive compensation plans on SCE behalf. Account 253 SCE reimbursed EIX for costs incurred by SCE for Supplemental Executive Retirement plan. Account SCE paid EIX for charitable contributions made on SCE s behalf. Account SCE paid EIX for federal regulatory and legislative activities. Account SCE paid EIX for dues, memberships and other public affairs expenses on SCE s behalf. 24

28 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Account 431 SCE paid EIX for Directors interest cost associated with deferred compensation. Account 438 SCE paid dividends to EIX. Account 439 SCE reimbursed EIX for costs incurred by SCE for restricted stock units. Account 920/921 SCE paid EIX for audit, federal regulatory and legislative affairs performed in addition to services rendered by EIX Human Resources executive. SCE also reimbursed EIX for executive and leadership edge pivot expenses. Account 923 SCE paid EIX for governance planning performed by EIX executives. EIX charged 30% of the executives (and support staffs ) salaries and expenses to SCE. This rate was applied to the executives (and support staffs ) salaries and expenses without a mark-up by EIX for profit. No cost comparisons were performed for these corporate governance services. SCE also paid EIX for services of employees in EIX s Investor Relations and Risk Management departments (based on the Equity Allocation method). This rate was applied without a mark-up by EIX for profit. No cost comparisons were performed for these services. SCE also paid EIX for Tax, Controllers, Financial Planning, EIX Corporate Communications, Legal and Ethics and Compliance helpline Investor Relations, Human Resources and investigation costs (based on the Multifactor method). This rate was applied without a mark-up by EIX for profit. No cost comparisons were performed for these services. SCE reimbursed EIX for its share of pension and benefits administration costs. 25

29 SOUTHERN CALIFORNIA EDISON COMPANY (U338-E) Account SCE reimbursed EIX for its share of Directors fees and compensation for public affairs expenses which includes corporate dues and membership. Account 931 SCE reimbursed EIX for its share of the Washington DC lease (priced at fair market value) based on square footage of space occupied by SCE s Regulatory Policy and Affairs employees. Edison Insurance Services Account 165 SCE purchased various wildfire insurance policies from EIS. 26

30 REQUIREMENT E TRANSFERS OF TANGIBLE ASSETS 27

31 Q. II.E.1-7. The utility shall report the sale or transfer of any tangible asset (including personal property such as land). This includes sales from the utility to an affiliated entity or vice-versa. The sale or transfer of goods already reported in Sections II-C and II-D need not be reported again here A. II.E.1-7. Transfers of office equipment were reported in Section II-C. 28

32 REQUIREMENT F TRANSFERS OF INTANGIBLE AND INTELLECTUAL PROPERTY 29

33 Q. II.F.1-4. For all intangible assets transferred from the utility to any of its affiliated entities, the utility shall provide the following information A. II.F.1-4. There have been no transfers of intangible assets or intellectual property from Edison to any of its affiliates. 30

34 REQUIREMENT G FINANCIAL TRANSACTIONS 31

35 Q. II.G.1-3. The utility shall report the guarantee of all notes, debentures, debt obligations, or other securities of any affiliated entity and also shall cite the applicable Commission decision, if any, authorizing the guarantee... A. II.G.1-3. The utility has no guarantee of notes, debentures, debt obligations or other securities by SCE to EIX or its affiliates. 32

36 Q. II.G.4. Each utility shall report the length of time and the dollar amount that a negative cash balance has existed in the intercompany accounts of any affiliated entity during the period to be reported. A. II.G.4. Affiliated entities within the structure of Edison International do not maintain cash balances in the intercompany accounts as a part of affiliated company transaction procedure. 33

37 Q. II.G.5. Each utility shall specify the procedures used to allocate tax liabilities and responsibilities between the utility and its regulated subsidiaries and affiliated entities. A. II.G.5. The tax allocation procedures are to be consistent with existing Tax Sharing Agreements. The unregulated subsidiaries and SCE must pay EIX if the aggregate of their Separate Tax Liability and that of their Subsidiaries exceeds their aggregate Separate Tax Benefit. EIX must pay the unregulated subsidiaries or SCE, as the case may be, if the aggregate of the unregulated subsidiaries or SCE s Separate Tax Benefit and that of their respective Subsidiaries exceeds the aggregate Separate Tax Liability. SCE and its Subsidiaries have priority over the unregulated companies with respect to EIX payment for excess Separate Tax Benefit. 34

38 Q. II.G.6. Each utility shall specify the procedures used to internally transfer funds between the utility and its affiliated entities to reimburse the utility for services provided to the affiliated entities. These procedures shall include the number of days that elapse between when a bill is presented to the affiliated entity for payment and when the funds are actually transferred to the utility. The procedures shall also include the applicable carrying charges and interest rates, if any, that are applied to outstanding balances owed to the utility by an affiliated entity. A. II.G.6. SCE s Affiliate Cost Accounting and Billing Governance and Procedures and EIX s Intercompany Billing and Payment Terms and Procedures specify the policies and procedures used to internally transfer funds between the utility and its affiliated entities to reimburse the utility for services provided to the affiliated entities. 35

39 Q. II.G.7. Each utility will submit to the Commission the following information: II.G.7.a. II.G.7.b. II.G.7.c. II.G.7.d. The quarterly and annual financial statements of the utility's controlling corporation, including consolidating work papers of the controlling corporation and its subsidiaries (both regulated and unregulated); The balance sheets and income statements of the nonconsolidated subsidiaries of the controlling corporation (unless legally precluded from providing them); All periodic reports filed by the controlling corporation with the Securities and Exchange Commission; and An annual report of the utility's proportionate share of the controlling corporation's i) total assets; ii) total operating revenues; iii) operating and maintenance expense; and iv) number of employees. If a utility does not have a controlling corporation but instead carries out non-regulated activities through other subsidiaries or affiliates of the utility, then that utility shall be considered as the controlling corporation for complying with the requirements of #7. A. II.G.7. See attached information. 36

40 QUARTERLY FINANCIAL STATEMENTS FIRST QUARTER 37

41 CPUC Decision # Ordering Paragraph #1 Condition #13 March 31, (000) Southern California Edison Assets $ 51,375,274 Non-Utility Affiliates Assets 430,947 Edison International Assets 0 Total Assets $51,806,221 Operating Revenue For Twelve Months Ended March 31, (000) Southern California Edison Operating Revenue 11,645,177 Non-utility Affiliates Operating Revenue 44,046 Edison International Operating Revenue - Total Operating Revenue 11,689,223 Operating Expenses For Twelve Months Ended March 31, (000) Southern California Edison Operating Expenses $ 9,433,499 Less: Cost of Sales Fuel 175,275 Purchased Power 4,279,567 Provision for Regulatory Adjustment Clauses (124,803) Total Cost of Sales 4,330,040 Net Southern California Edison Operating Expenses $ 5,103,459 Non-Utility Affiliates Operating Expenses 129,484 Edison International Operating Expenses 44,122 Total Operating Expenses 5,277,065 38

42 EDISON INTERNATIONAL CONSOLIDATED BALANCE SHEETS (UNAUDITED) ($000) March ASSETS LIABILITIES AND EQUITY SHARES THIS MONTH LAST MONTH JAN 1ST OUTSTANDING THIS MONTH LAST MONTH JAN 1ST CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalents 150,482 98,762 96,359 Short-term debt 294,665 1,370,172 1,307,263 Restricted cash 18,986 18,061 17,784 Long-term debt due within one year 981, , ,278 Margin and collateral deposits - 3,329 - Accounts payable 768, ,217 1,204,009 Customer accounts receivable 578, , ,910 Counterparty collateral 11,965 11,965 9,860 Other accounts receivable 164, , ,905 Customer deposits 272, , ,409 Accumulated provision for uncollectible accounts (55,352) (61,975) (61,815) Book overdrafts 75,494 74, ,071 Accrued utility revenues 266, , ,109 Accrued taxes 85, ,439 49,564 Fuel Stock 517 3,335 1,577 Accrued interest 149, , ,027 Materials and supplies 236, , ,858 Dividends payable 184, , ,167 Prepayments 79,660 97,374 99,132 Derivative liabilities 237, , ,734 Derivative assets 69,144 66,864 72,541 Regulatory liabilities 804, , ,684 Regulatory assets 393, , ,405 Miscellaneous current liabilities 550, , ,184 Miscellaneous current and accrued assets 123, , ,582 4,416,464 5,542,872 5,911,250 Short-term investments 21,000 21,000 21,000 2,047,166 2,136,114 2,124,347 LONG-TERM DEBT First and refunding mortgage bonds 9,439,286 8,739,286 8,778,571 Other long-term debt 2,346,298 1,946,549 1,511,575 OTHER PROPERTY AND INVESTMENTS 11,785,584 10,685,835 10,290,146 Nonutility property 318, , ,107 Unamortized debt issuance cost (89,236) (80,658) (80,856) Accumulated provision for depreciation Unamortized premium (discount) - net (34,703) (34,187) (34,536) and amortization of nonutility property (101,699) (100,700) (98,561) 11,661,645 10,570,990 10,174, , , ,546 Leveraged leases 13,852 13,846 13,834 DEFERRED CREDITS AND OTHER LIABILITIES Investment in partnerships and unconsolidated subs 4,055 4,314 4,314 Accumulated deferred income taxes - net 8,437,421 8,231,294 8,238,949 Other investments 10,183 15,183 15,183 Deferred investment tax credit 86,040 88,266 88,266 Special funds 60,460 56,510 49,849 Regulatory liabilities 5,909,914 5,922,472 5,726,418 Nuclear decommissioning trusts 4,352,101 4,353,153 4,241,646 Customer advances 201, , ,384 4,657,349 4,656,466 4,518,372 Other long-term liabilities and other deferred credits 1,845,762 1,824,701 1,890,603 Derivative liabilities 989, , ,365 Accumulated provision for pensions and benefits 1,357,945 1,356,806 1,354,479 UTILITY PLANT Asset retirement obligations 2,585,320 2,591,616 2,590,194 Utility plant, at original cost 43,488,314 43,264,497 42,889,815 21,413,440 21,216,807 21,041,658 Accumulated provision for depreciation (9,321,285) (9,223,735) (8,999,513) 34,167,029 34,040,762 33,890,302 TOTAL LIABILITIES 37,491,549 37,330,669 37,127,662 Construction work in progress 2,657,783 2,656,715 2,789,536 REDEEMABLE NONCONTROLLING INTEREST 7,117 6,717 4,796 Nuclear fuel - at amortized cost 126, , ,328 36,950,884 36,819,827 36,806,166 EDISON INTERNATIONAL'S COMMON SHAREHOLDERS' EQUITY Common stock 325,811,206 1,963,503 1,963,503 1,963,503 Additional paid-in capital 546, , ,189 DEFERRED CHARGES Accumulated other comprehensive loss (48,884) (51,171) (52,522) Regulatory assets 7,673,564 7,467,507 7,454,702 Retained earnings 9,590,195 9,462,521 9,543,633 Unamortized debt expense 9,942 10,209 9,952 12,051,113 11,918,215 11,995,803 Derivative assets ,360 PREFERRED AND PREFERENCE STOCK OF UTILITY 5,860,218 2,190,554 2,190,554 2,190,554 Other deferred debits 400, , ,916 TOTAL EQUITY 14,241,667 14,108,769 14,186,357 8,084,934 7,833,748 7,869,930 TOTAL ASSETS 51,740,333 51,446,155 51,318,815 TOTAL LIABILITIES AND EQUITY 51,740,333 51,446,155 51,318,815 39

43 Edison Insurance Ser Edison Energy Group Edison International Consolidated Balance Sheet ($000) March 31, EIX Reporting Entity EIX Holding Balance Sheet Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Assets 13,977,039, ,961, ,273, (88,336,082.24) 51,384,333, ,182, ,064,453, (14,324,120,511.37) 51,740,333, Current Assets 59,570, ,961, ,567, (88,336,082.24) 2,040,663, ,283, ,456,709, (409,542,816.51) 2,047,166, Cash and Equivalents 7,197, ,773, ,568, ,374, ,567, ,482, ,482, Restricted Cash ,102, , ,985, ,985, Margin and Collateral Deposits Receivables (Net) 51,724, , ,278, ,410, ,690, ,363,109, (409,517,816.51) 953,591, Receivables 51,724, , ,853, ,186, ,690, ,418,461, (409,517,816.51) 1,008,943, Customer Accounts Receivable - - 8,485, ,552, ,038, ,038, Accrued Unbilled Revenue , ,173, ,049, ,049, Other Accounts Receivable 51,724, , ,491, ,459, ,690, ,373, (409,517,816.51) 164,855, Accum Provision for Doubtful Accounts - Trade - - (575,000.00) - (54,776,694.36) - (55,351,694.36) - (55,351,694.36) Inventory - - 2,741, ,744, ,486, ,486, Fuel Inventory , , , Materials & Supplies - - 2,741, ,227, ,968, ,968, Derivative Assets - Short-term ,143, ,143, ,143, Regulatory Assets - ST ,794, ,794, ,794, Short-term Investments ,000, ,000, ,000, Prepayments and other current assets 647, ,182, ,875, (88,336,082.24) 285,312, , ,707, (25,000.00) 202,682, ADIT ST Total (0.35) - (0.35) - (0.35) Investments and Other Assets 13,812,453, ,512, ,412,611, ,402, ,252,979, (13,812,328,867.45) 4,440,650, Investments 13,812,453, ,512, ,509, ,402, ,900,878, (13,812,328,867.45) 88,549, Investments in Consolidated Subsidiaries 13,812,328, (0.03) 13,812,328, (13,812,328,867.45) (0.09) Investments in Unconsolidated Subsidiaries - - 1,454, , ,550, ,054, ,054, Investments in Leveraged Leases ,852, ,852, ,852, Special Funds and Other Investments 125, ,057, ,459, ,642, ,642, Nuclear Decommissioning Trusts ,352,101, ,352,101, ,352,101, Utility Plant ,950,884, ,950,884, ,950,884, Utility Plant, at Original cost ,488,314, ,488,314, ,488,314, Accum Prov for Depreciation (9,321,284,683.76) - (9,321,284,683.76) - (9,321,284,683.76) CWIP Total ,657,782, ,657,782, ,657,782, Nuclear Fuel, at Amortized Cost ,071, ,071, ,071, NonUtility Property - Net 186, ,516, ,994, ,698, ,698, NonUtility Property 381, ,582, ,494, ,458, ,458, NonUtility Property-CWIP ,937, ,937, ,937, Accum Depr - Non Utility Property (194,626.61) - (11,003,802.72) - (90,500,164.68) - (101,698,594.01) - (101,698,594.01) Long Term Assets 104,828, ,677, ,905,179, ,497, ,187,182, (102,248,827.41) 8,084,933, Regulatory Assets -LT Total ,673,563, ,673,563, ,673,563, Unamortized Debt Expense 2,566, ,375, ,941, ,941,

44 Edison Insurance Ser Edis on Ene r gy Group Edison International Consolidated Balance Sheet ($000) March 31, EIX Reporting Entity EIX Holding Restricted Cash - LT Other Long-Term Assets 102,261, ,677, ,637, ,497, ,074, (102,248,827.41) 400,825, Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Derivative Assets - Long-term , , , Rent Payments in Excess of Levelized Rent Expense Unde Asset of Discontinued Operations Liabilities and Shareholders' Equity (13,977,039,447.94) (17,961,406.95) (378,273,138.54) 88,336, (51,384,333,044.32) (395,182,922.54) (66,064,453,878.05) 14,324,120, (51,740,333,366.68) Current Liabilities (1,136,232,053.33) 6,628, (2,482,378.34) (5,446,530.99) (3,483,237,535.02) (206,619,110.80) (4,827,389,385.68) 410,924, (4,416,464,561.46) Short-term debt (294,665,109.27) (294,665,109.27) - (294,665,109.27) LT Debt Due Within One Year (400,000,000.00) - (2,721,190.44) - (578,571,428.58) - (981,292,619.02) - (981,292,619.02) Accounts payable (190,321,931.39) 2,254, (5,614,964.30) - (776,181,935.97) (209,942,962.50) (1,179,806,927.80) 410,924, (768,882,103.58) Accrued Taxes (14,170,629.05) 4,397, ,041, (5,446,530.99) (87,752,819.40) 2,322, (85,609,781.47) - (85,609,781.47) Accrued Interest (1,242,673.61) - (231,097.74) - (148,347,615.66) - (149,821,387.01) - (149,821,387.01) Counterparty Collateral (11,964,705.00) - (11,964,705.00) - (11,964,705.00) Customer Deposits (272,273,460.93) - (272,273,460.93) - (272,273,460.93) Book Overdrafts (5,045,367.38) (70,448,688.80) - (75,494,056.18) - (75,494,056.18) Dividends Payable (176,752,579.26) (7,945,836.80) - (184,698,416.06) - (184,698,416.06) Derivative Liabilities - Short-term (237,140,355.64) - (237,140,355.64) - (237,140,355.64) Regulatory Liabilities-Short-term (804,104,881.80) - (804,104,881.80) - (804,104,881.80) ADIT ST LIABILITY Total Other Current Liabilities (54,033,763.37) (23,693.56) (8,956,239.82) - (488,505,806.44) 1,001, (550,517,685.50) - (550,517,685.50) Long Term Debt (795,588,457.20) - (23,830,045.80) - (10,842,833,493.68) - (11,662,251,996.68) 606, (11,661,645,386.20) Long Term Debt (800,606,610.48) - (30,292,170.30) - (10,955,291,553.20) - (11,786,190,333.98) 606, (11,785,583,723.50) Unamortized Debt Financing Cost 4,583, ,462, ,189, ,235, ,235, Unamortized Premium (Discount) 434, ,268, ,702, ,702, Deferred Credits and Other Liabilities (28,454,233.09) (1,033,699.00) 10,441, ,782, (22,434,576,904.51) 846,141, (21,513,699,580.89) 100,260, (21,413,439,371.67) ADIT LT Total 694,080, (1,033,699.00) 19,185, ,344, (10,236,632,388.29) 1,016,635, (8,437,420,628.47) - (8,437,420,628.47) Accum Deferred Investment Tax Credits (85,939,458.69) (100,352.00) (86,039,810.69) - (86,039,810.69) Regulatory Liabilities - LT (5,909,914,259.94) - (5,909,914,259.94) - (5,909,914,259.94) Customer Advances (201,703,494.49) - (201,703,494.49) - (201,703,494.49) Derivative Liabilities - Long-term - - (300,000.00) - (989,035,458.10) - (989,335,458.10) - (989,335,458.10) Accumulated Provision for Pensions & Benefits (442,285,286.02) - (1,653,406.64) - (897,834,906.18) (16,171,720.57) (1,357,945,319.41) - (1,357,945,319.41) Asset Retirement Obligations - - (5,299,530.50) - (2,580,020,229.04) - (2,585,319,759.54) - (2,585,319,759.54) Other Deferred Credits and LT Libilities (280,249,743.19) - (1,491,452.17) 23,438, (1,533,496,709.78) (154,221,460.31) (1,946,020,850.25) 100,260, (1,845,760,641.03) Redeemable NonControlling interests - - (7,117,353.23) (7,117,353.23) - (7,117,353.23) Total Equity (12,016,764,704.32) (23,555,930.75) (355,284,363.44) - (14,623,685,111.11) (1,034,705,451.95) (28,053,995,561.57) 13,812,328, (14,241,666,694.12) Total Common Shareholders' Equity (12,071,266,077.83) (23,555,930.75) (355,284,363.44) - (12,378,630,161.11) (1,034,705,451.95) (25,863,441,985.08) 13,812,328, (12,051,113,117.63) Common stock (1,963,503,434.51) (1,000.00) - - (2,168,054,318.82) (147,866,313.00) (4,279,425,066.33) 2,315,921, (1,963,503,434.51) Paid in Capital (546,298,544.73) (1,728,825.00) (436,017,098.93) - (660,060,803.29) (1,689,482,923.03) (3,333,588,194.98) 2,787,289, (546,298,544.73) Accumulated other comprehensive income 28,730, , ,543, ,630, ,883, ,883, Retained Earnings (9,590,195,098.18) (21,826,105.75) 79,753, (9,568,058,952.98) 801,013, (18,299,312,681.87) 8,709,117, (9,590,195,096.49) Noncontrolling interests - other Preferred and Preference Stock of Utility not Subject to Ma 54,501, (2,245,054,950.00) - (2,190,553,576.49) - (2,190,553,576.49) 41

45 Edison International Consolidated Statement of Income ($000) March MONTH YEAR - TO - DATE 2016 Rounding 2016 INC/(DEC) % 2016 INC/(DEC) % OPERATING REVENUES Electric Utility 906, , ,573 (10,017) (1.1) 2,540,763 2,560,553 (19,790) (0.8) Other 23,580 3,244-3,244 20,336 * 28,360 6,185 22,175 * Total Operating Revenues 930, , ,817 10, ,569,123 2,566,738 2, OPERATING EXPENSES Fuel 12,626 8,603 8,603 4, ,124 35,961 10, Purchased and Interchange Pow er 230, , ,225 62, , ,184 (78,931) (8.7) Provisions for Reg Adj Clauses 138, , ,448 (15,591) (10.1) 9,757 (34,005) 43, Operating Expense 228, , ,533 (42,400) (15.7) 589, ,523 (37,564) (6.0) Depreciation, Decommissioning and Amortization 171, , ,203 6, , ,513 21, Property and Other Taxes 31,041 30,644 30, ,032 93,802 7, Impairment and Other Charges 5, ,111-5,068 (81) 5,149 * Total Operating Expense 817, , ,656 20, ,090,012 2,118,897 (28,885) (1.4) OPERATING INCOME (LOSS) 112, , ,161 (9,955) (8.1) 479, ,841 31, OTHER INCOME AND DEDUCTIONS AFUDC - Equity 5,268 6,871 6,871 (1,603) (23.3) 18,751 22,468 (3,717) (16.5) Interest and Dividend Income * 1, Equity in Income (loss) from Unconsolidated affiliates - net (259) - - (259) - (259) - (259) - Impairment Loss on Equity Method Investment (182) Other Income 6,409 3,199 3,199 3, ,081 8,701 4, Other Expenses (2,437) (1,520) 2 (1,518) (919) (60.5) (7,279) (5,493) (1,786) (32.5) Total Other Income - Net 9,875 8, ,577 1, ,707 25,978 (271) (1.0) INCOME ( LOSS) BEFORE FIXED CHARGES AND TAXES 122, , ,738 (8,657) (6.6) 504, ,819 30, FIXED CHARGES Interest on Long-Term Debt 42,185 41,137 41,137 1, , ,941 2, Amortization 2,516 2,593 2,593 (77) (3.0) 7,414 7,699 (285) (3.7) Interest on Short-Term Debt * 2,737 1,229 1, Other Interest Expense 8,922 6,610 6,610 2, ,499 17,030 5, AFUDC - Borrow ed (1,536) (2,146) (2,146) (5,535) (7,593) 2, Capitalized Interest (8) (2) (2) (6) (*) (22) (4) (18) (*) Total Fixed Charges 53,074 48,444-48,444 4, , ,302 11, INCOME (LOSS) BEFORE INCOME TAXES 69,007 82,292 82,294 (13,287) (16.1) 352, ,517 19, Income Tax Expense (Benefit) (91,102) 2,059 (10,564) (8,505) (82,597) (*) (39,557) 27,261 (66,818) (*) INCOME (LOSS) FROM CONTINUING OPERATIONS 160,109 80,233 10,564 90,799 69, , ,256 86, Income (Loss) From Disc. Ops. - Net Of Tax (598) (100.0) (598) (100.0) NET INCOME (LOSS) 160,109 80,831 10,564 91,397 68, , ,854 85, Less: Redeemable Noncontrolling Interests 200 (1,600) (1,600) 1, (800) (4,500) 3, Preferred and Preference Stock Dividend Requirements of Utility 10,325 10,684 10,684 (359) (3.4) 30,974 29,962 1, NET INCOME (LOSS) ATTRIBUTABLE TO EDISON INTERNATIONAL 149,584 71,747 10,564 82,313 67, , ,392 80, Weighted Average Shares of Common Stock Outstanding (000) 325, , , , , EARNINGS (LOSS) PER COMMON SHARE Continuing Operations Discontinued Operations Total

46 Edison International Consolidating Statement of Income (in thousands) YTD - March EIX Holding Edison Insurance Services EIX Reporting Entity Edison Mission Group Southern Californa Edison Cons. Edison Energy Group Total EIX Before Eliminations Eliminations Consolidated EIX Description EIX_OTH EIS EIX_RPT EMG SCE Cons EEG Profit & Loss Statement CY Retained Earnings 362,334, (1,010,890.84) 0.00 (256,601.89) 380,370, (9,050,555.88) 732,387, (370,052,800.76) 362,334, Net Income (362,334,451.21) 1,010, , (380,370,849.37) 9,050, (732,387,251.97) 370,052, (362,334,451.21) NIAT (362,334,451.21) 1,010, , (380,370,849.37) 9,050, (732,387,251.97) 370,052, (362,334,451.21) Operating Income 9,710, ,757, , (501,851,623.76) 16,538, (473,459,819.06) 0.00 (473,459,819.06) Operating Revenue 0.00 (15,235.29) 0.00 (28,455.00) (2,562,126,267.64) (7,595,354.58) (2,569,765,312.51) 642, (2,569,122,520.18) Electric Utility (2,408,060,184.89) 0.00 (2,408,060,184.89) 0.00 (2,408,060,184.89) Other Electric Revenue 0.00 (15,235.29) 0.00 (28,455.00) (154,066,082.75) (7,595,354.58) (161,705,127.62) 642, (161,062,335.29) Other Electric Utility Revenues (1,100,357.73) 0.00 (117,526,654.76) 0.00 (118,627,012.49) 642, (117,984,220.16) Revenue Assessment & Plan Accounts Financial Services & Other 0.00 (15,235.29) 1,100, (28,455.00) (21,821,662.05) (7,595,354.58) (28,360,349.19) 0.00 (28,360,349.19) Other NonElectric Revenue (14,717,765.94) 0.00 (14,717,765.94) 0.00 (14,717,765.94) Operating Expense 9,710, ,772, , ,060,274, ,134, ,096,305, (642,792.33) 2,095,662, Fuel & Emission Allowances ,123, ,123, ,123, Purchased Power ,252, ,252, ,252, Provision for Regulatory Adjustments ,756, ,756, ,756, Operations & Maintenance - Above the Line 7,568, ,772, , ,545, ,203, ,503, (642,792.33) 589,861, Operations & Maintenance - Below the Line ,652, ,652, ,652, Depreciation and Decommissioning 17, ,636, ,164, ,818, ,818, Depreciation 17, ,636, ,164, ,818, ,818, Property & Other Taxes 2,124, ,098, , ,032, ,032, (Gain) Loss on Sale of Assets and Asset Impairment , ,956, ,067, ,067, (Gain) Loss on Sale of Assets , (43,750.00) 67, , Asset Impairment ,000, ,000, ,000, PowerPlant WBS Posting Cost Elements , , , Other Income - Net (339,081,912.23) (1,057,822.57) (31,551,849.88) 194, (371,497,147.82) 371,112, (384,823.49) Interest & Dividend Income (2,947.05) (1,059,523.57) (20,109,531.55) (50,964.36) (21,222,966.53) 1,059, (20,163,442.96) AFUDC - Equity (18,750,895.66) 0.00 (18,750,895.66) 0.00 (18,750,895.66) Interest & Dividend Income (2,947.05) (1,059,523.57) (1,358,635.89) (50,964.36) (2,472,070.87) 1,059, (1,412,547.30) Equity in Income & Dividends on Preference Stock (339,078,965.18) , (338,819,712.18) 370,052, ,233, Equity in Income from Partnerships & Unconsolidated Subs (370,052,800.76) , (369,793,547.76) 370,052, , Dividends on Pref & Preference Stock Not Mandatory Redemptio 30,973, ,973, ,973, Other Nonoperating Income , (13,082,468.70) 0.02 (13,080,767.68) 0.00 (13,080,767.68) Other Nonoperating Income , (13,082,468.70) 0.02 (13,080,767.68) 0.00 (13,080,767.68) Other Nonoperating Deductions ,640, (13,851.80) 1,626, ,626, Other Nonoperating Deductions ,640, (13,851.80) 1,626, ,626, Fixed Charges 10,676, , ,350, , ,926, (1,059,523.57) 151,867, Total Interest on Long Term Debt 7,806, ,219, , ,811, (1,059,523.57) 124,752, Interest on Long Term Debt 7,806, ,241, , ,833, (1,059,523.57) 124,773, Capitalized Interest (21,637.52) 0.00 (21,637.52) 0.00 (21,637.52) Amortization 589, ,823, ,413, ,413, Interest on Short Term Debt 1,755, , , ,737, ,737, Total Other Interest Expense 524, , ,864, , ,498, ,498, Other Interest Expense 524, , ,864, , ,498, ,498, AFUDC - Borrowed (5,534,589.11) 0.00 (5,534,589.11) 0.00 (5,534,589.11) Provision for Income Taxes (43,640,054.00) (746,126.00) , ,682, (7,751,480.96) (39,557,005.48) 0.00 (39,557,005.48) Minority Interest (800,000.00) (800,000.00) 0.00 (800,000.00) 43

47 QUARTERLY FINANCIAL STATEMENTS SECOND QUARTER 44

48 CPUC Decision # Ordering Paragraph #1 Condition #13 Total Assets June 30, (000) Southern California Edison Assets $ 52,314,249 Non-Utility Affiliates Assets 435,158 Edison International Assets 4,701 Total Assets $52,754,108 Operating Revenue For Twelve Months Ended June 30, (000) Southern California Edison Operating Revenue 11,740,677 Non-utility Affiliates Operating Revenue 46,546 Edison International Operating Revenue - Total Operating Revenue 11,787,223 Operating Expenses For Twelve Months Ended June 30, (000) Southern California Edison Operating Expenses $ 9,439,704 Less: Cost of Sales Fuel 188,187 Purchased Power 4,439,902 Provision for Regulatory Adjustment Clauses (278,031) Total Cost of Sales 4,350,057 Net Southern California Edison Operating Expenses $ 5,089,647 Non-Utility Affiliates Operating Expenses 129,518 Edison International Operating Expenses 47,443 Total Operating Expenses 5,266,608 45

49 EDISON INTERNATIONAL CONSOLIDATED BALANCE SHEETS (UNAUDITED) ($000) June ASSETS LIABILITIES AND EQUITY SHARES THIS MONTH LAST MONTH JAN 1ST OUTSTANDING THIS MONTH LAST MONTH JAN 1ST CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalents 97, ,481 96,359 Short-term debt 565,621 1,112,016 1,307,263 Restricted cash 14,858 18,693 17,784 Long-term debt due within one year 581, , ,278 Margin and collateral deposits - (810) - Accounts payable 1,059, ,624 1,204,009 Customer accounts receivable 724, , ,910 Counterparty collateral 15,191 11,715 9,860 Other accounts receivable 166, , ,905 Customer deposits 274, , ,409 Accumulated provision for uncollectible accounts (57,953) (55,714) (61,815) Book overdrafts 53,810 72, ,071 Accrued utility revenues 399, , ,109 Accrued taxes 15,083 54,006 49,564 Fuel Stock 1,829 1,836 1,577 Accrued interest 216, , ,027 Materials and supplies 233, , ,858 Dividends payable 190, , ,167 Prepayments 113, ,621 99,132 Derivative liabilities 190, , ,734 Derivative assets 58,308 64,489 72,541 Regulatory liabilities 902, , ,684 Regulatory assets 634, , ,405 Miscellaneous current liabilities 537, , ,184 Miscellaneous current and accrued assets 144, , ,582 4,602,136 4,962,758 5,911,250 Short-term investments 15,500 21,000 21,000 2,545,991 2,435,935 2,124,347 LONG-TERM DEBT First and refunding mortgage bonds 9,439,286 9,439,286 8,778,571 Other long-term debt 2,345,240 2,346,041 1,511,575 OTHER PROPERTY AND INVESTMENTS 11,784,526 11,785,327 10,290,146 Nonutility property 350, , ,107 Unamortized debt issuance cost (88,451) (89,017) (80,856) Accumulated provision for depreciation Unamortized premium (discount) - net (34,121) (34,309) (34,536) and amortization of nonutility property (105,541) (103,518) (98,561) 11,661,954 11,662,001 10,174, , , ,546 Leveraged leases 10,238 10,238 13,834 DEFERRED CREDITS AND OTHER LIABILITIES Investment in partnerships and unconsolidated subs 3,933 4,055 4,314 Accumulated deferred income taxes - net 8,624,641 8,428,200 8,238,949 Other investments 9,683 10,183 15,183 Deferred investment tax credit 84,633 86,040 88,266 Special funds 63,040 64,798 49,849 Regulatory liabilities 5,961,287 5,988,032 5,726,418 Nuclear decommissioning trusts 4,381,238 4,419,499 4,241,646 Customer advances 191, , ,384 4,712,979 4,743,173 4,518,372 Other long-term liabilities and other deferred credits 1,950,960 1,835,793 1,890,603 Derivative liabilities 868, , ,365 Accumulated provision for pensions and benefits 1,376,959 1,330,697 1,354,479 UTILITY PLANT Asset retirement obligations 2,618,141 2,631,158 2,590,194 Utility plant, at original cost 43,357,885 43,764,114 42,889,815 21,677,157 21,486,639 21,041,658 Accumulated provision for depreciation (8,914,460) (9,430,587) (8,999,513) 34,443,425 34,333,527 33,890,302 TOTAL LIABILITIES 37,941,247 38,111,398 37,127,662 Construction work in progress 2,695,761 2,662,421 2,789,536 REDEEMABLE NONCONTROLLING INTEREST 12,193 8,808 4,796 Nuclear fuel - at amortized cost 127, , ,328 37,266,950 37,126,774 36,806,166 EDISON INTERNATIONAL'S COMMON SHAREHOLDERS' EQUITY Common stock 325,811,206 1,963,503 1,963,503 1,963,503 Additional paid-in capital 551, , ,189 DEFERRED CHARGES Accumulated other comprehensive loss (48,461) (48,720) (52,522) Regulatory assets 7,850,227 7,646,353 7,454,702 Retained earnings 9,678,697 9,575,878 9,543,633 Unamortized debt expense 9,141 9,408 9,952 12,145,656 12,040,361 11,995,803 Derivative assets ,360 PREFERRED AND PREFERENCE STOCK OF UTILITY 6,050,222 2,653,656 2,190,554 2,190,554 Other deferred debits 366, , ,916 TOTAL EQUITY 14,799,312 14,230,915 14,186,357 8,226,832 8,045,239 7,869,930 TOTAL ASSETS 52,752,752 52,351,121 51,318,815 TOTAL LIABILITIES AND EQUITY 52,752,752 52,351,121 51,318,815 46

50 Edison Insurance Ser Edison Energy Group Edison International Consilidated Balance Sheet ($000) June 30, EIX Reporting Entity EIX Holding Balance Sheet Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Assets 14,085,423, ,118, ,374, (18,746,289.65) 52,314,328, ,479, ,192,977, (14,440,225,275.00) 52,752,752, Current Assets 59,177, ,118, ,086, (18,746,289.65) 2,452,874, ,193, ,962,704, (416,715,044.52) 2,545,989, Cash and Equivalents 5,489, ,782, ,105, ,655, ,493, ,526, ,526, Restricted Cash ,193, , ,857, ,857, Margin and Collateral Deposits Receivables (Net) 40,992, ,309, ,734, ,215,475, ,675, ,649,188, (416,690,044.52) 1,232,498, Receivables 40,992, ,309, ,309, ,272,853, ,675, ,707,141, (416,690,044.52) 1,290,451, Customer Accounts Receivable ,340, ,881, ,221, ,221, Accrued Unbilled Revenue , ,043, ,255, ,255, Other Accounts Receivable 40,992, ,309, , ,928, ,675, ,664, (416,690,044.52) 166,974, Accum Provision for Doubtful Accounts - Trade - - (575,000.00) - (57,377,823.42) - (57,952,823.42) - (57,952,823.42) Inventory - - 3,203, ,663, ,866, ,866, Fuel Inventory ,828, ,828, ,828, Materials & Supplies - - 3,203, ,834, ,037, ,037, Derivative Assets - Short-term ,307, ,307, ,307, Regulatory Assets - ST ,271, ,271, ,271, Short-term Investments ,500, ,500, ,500, Prepayments and other current assets 12,695, , ,848, (18,746,289.65) 258,336, , ,185, (25,000.00) 258,160, ADIT ST Total (0.35) - (0.35) - (0.35) Investments and Other Assets 13,919,156, ,880, ,444,337, ,788, ,387,163, (13,919,031,533.29) 4,468,131, Investments 13,919,156, ,880, ,099, ,788, ,005,925, (13,919,031,533.29) 86,894, Investments in Consolidated Subsidiaries 13,919,031, (0.03) 13,919,031, (13,919,031,533.29) (0.09) Investments in Unconsolidated Subsidiaries - - 1,323, , ,550, ,933, ,933, Investments in Leveraged Leases ,238, ,238, ,238, Special Funds and Other Investments 125, ,557, ,039, ,722, ,722, Nuclear Decommissioning Trusts ,381,237, ,381,237, ,381,237, Utility Plant ,266,949, ,266,949, ,266,949, Utility Plant, at Original cost ,357,885, ,357,885, ,357,885, Accum Prov for Depreciation (8,914,460,225.36) - (8,914,460,225.36) - (8,914,460,225.36) CWIP Total ,695,760, ,695,760, ,695,760, Nuclear Fuel, at Amortized Cost ,763, ,763, ,763, NonUtility Property - Net 169, ,106, ,572, ,847, ,847, NonUtility Property 381, ,080, ,049, ,512, ,512, NonUtility Property-CWIP ,876, ,876, ,876, Accum Depr - Non Utility Property (212,577.47) - (12,850,826.26) - (92,477,142.32) - (105,540,546.05) - (105,540,546.05) Long Term Assets 106,919, ,300, ,076,594, ,497, ,331,312, (104,478,697.19) 8,226,833, Regulatory Assets -LT Total ,850,227, ,850,227, ,850,227, Unamortized Debt Expense 2,245, ,895, ,140, ,140, Restricted Cash - LT

51 Edison Insurance Ser Edison Energy Group Edison International Consilidated Balance Sheet ($000) June 30, EIX Reporting Entity EIX Holding Other Long-Term Assets 104,674, ,300, ,897, ,497, ,370, (104,478,697.19) 366,891, Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Derivative Assets - Long-term , , , Liabilities and Shareholders' Equity (14,085,423,257.37) (28,118,526.90) (384,374,198.61) 18,746, (52,314,328,390.83) (399,479,516.95) (67,192,977,601.01) 14,440,225, (52,752,752,326.01) Current Liabilities (1,160,693,039.47) (5,298,584.97) 2,465, (5,879,910.72) (3,591,670,765.59) (259,155,838.22) (5,020,232,673.05) 418,097, (4,602,135,621.43) Short-term debt (343,881,448.97) - (2,772,943.00) - (218,966,176.64) - (565,620,568.61) - (565,620,568.61) LT Debt Due Within One Year (400,000,000.00) - (2,705,653.86) - (178,571,428.58) - (581,277,082.44) - (581,277,082.44) Accounts payable (203,576,248.54) (9,215,620.35) (4,475,420.71) - (1,048,947,301.57) (211,208,767.12) (1,477,423,358.29) 418,097, (1,059,326,306.67) Accrued Taxes 28,842, ,959, ,181, (5,879,910.72) (17,191,719.92) (48,995,620.41) (15,083,468.80) - (15,083,468.80) Accrued Interest (10,067,673.61) (206,373,183.49) - (216,440,857.10) - (216,440,857.10) Counterparty Collateral (15,190,741.28) - (15,190,741.28) - (15,190,741.28) Customer Deposits (274,628,298.55) - (274,628,298.55) - (274,628,298.55) Book Overdrafts (257,197.02) (53,553,167.16) - (53,810,364.18) - (53,810,364.18) Dividends Payable (176,752,579.26) (13,766,086.85) - (190,518,666.11) - (190,518,666.11) Derivative Liabilities - Short-term (190,267,960.43) - (190,267,960.43) - (190,267,960.43) Regulatory Liabilities-Short-term (902,721,786.29) - (902,721,786.29) - (902,721,786.29) ADIT ST LIABILITY Total Other Current Liabilities (55,000,763.37) (42,345.56) (11,762,046.52) - (471,492,914.83) 1,048, (537,249,520.97) - (537,249,520.97) Long Term Debt (796,004,305.93) - (21,671,499.62) - (10,844,884,839.28) - (11,662,560,644.83) 606, (11,661,954,034.35) Long Term Debt (800,606,610.48) - (29,250,331.11) - (10,955,275,687.04) - (11,785,132,628.63) 606, (11,784,526,018.15) Unamortized Debt Financing Cost 4,219, ,578, ,652, ,451, ,451, Unamortized Premium (Discount) 382, ,738, ,120, ,120, Deferred Credits and Other Liabilities (29,118,053.50) 23, ,731, ,626, (22,682,604,375.96) 893,693, (21,779,647,018.39) 102,490, (21,677,156,938.78) ADIT LT Total 672,172, (386,388.00) 24,220, ,371, (10,397,740,046.54) 1,054,720, (8,624,641,401.61) - (8,624,641,401.61) Accum Deferred Investment Tax Credits (84,533,139.69) (100,352.00) (84,633,491.69) - (84,633,491.69) Regulatory Liabilities - LT (5,961,286,565.09) - (5,961,286,565.09) - (5,961,286,565.09) Customer Advances (191,873,198.01) - (191,873,198.01) - (191,873,198.01) Derivative Liabilities - Long-term - - (420,000.00) - (868,243,045.70) - (868,663,045.70) - (868,663,045.70) Accumulated Provision for Pensions & Benefits (416,842,678.36) - (1,236,016.74) - (942,944,854.06) (15,935,539.58) (1,376,959,088.74) - (1,376,959,088.74) Asset Retirement Obligations - - (6,791,553.82) - (2,611,349,490.41) - (2,618,141,044.23) - (2,618,141,044.23) Other Deferred Credits and LT Libilities (284,448,296.63) 410, (2,041,431.30) 2,255, (1,624,634,036.46) (144,990,824.13) (2,053,449,183.32) 102,490, (1,950,959,103.71) Redeemable NonControlling interests - - (12,193,101.56) (12,193,101.56) - (12,193,101.56) Total Equity (12,099,607,858.47) (22,843,796.93) (366,706,609.07) - (15,195,168,410.00) (1,034,017,488.71) (28,718,344,163.18) 13,919,031, (14,799,312,629.89) Total Common Shareholders' Equity (12,166,016,864.98) (22,843,796.93) (366,706,609.07) - (12,475,103,460.00) (1,034,017,488.71) (26,064,688,219.69) 13,919,031, (12,145,656,686.40) Common stock (1,963,503,434.51) (1,000.00) - - (2,168,054,318.82) (147,866,313.00) (4,279,425,066.33) 2,315,921, (1,963,503,434.51) Paid in Capital (551,916,887.26) (1,728,825.00) (465,505,000.51) - (650,611,695.72) (1,689,482,923.03) (3,359,245,331.52) 2,807,328, (551,916,887.26) Accumulated other comprehensive income 28,100, , ,131, ,572, ,460, ,460, Retained Earnings (9,678,697,090.82) (21,113,971.93) 98,142, (9,674,568,980.94) 801,759, (18,474,478,546.34) 8,795,781, (9,678,697,089.13) Noncontrolling interests - other Preferred and Preference Stock of Utility not Subject to Ma 66,409, (2,720,064,950.00) - (2,653,655,943.49) - (2,653,655,943.49)

52 Edison International Consolidated Statement of Income ($000) June MONTH QUARTER YEAR - TO - DATE 2016 INC/(DEC) % 2016 INC/(DEC) % 2016 INC/(DEC) % OPERATING REVENUES Electric Utility 1,310,211 1,213,246 96, ,882,064 2,786,457 95, ,422,826 5,347,010 75, Other 5,066 (974) 6,040 * 12,316 9,763 2, ,677 15,948 24, Total Operating Revenues 1,315,277 1,212, , ,894,380 2,796,220 98, ,463,503 5,362, , OPERATING EXPENSES Fuel 16,307 14,590 1, ,231 24,320 12, ,355 60,280 23, Purchased and Interchange Power 470, ,833 22, ,125, , , ,952,911 1,871,507 81, Provisions for Reg Adj Clauses 212,001 37, ,261 * (67,910) 85,318 (153,228) (179.6) (58,154) 51,313 (109,467) (*) Operating Expense 237, ,460 (18,625) (7.3) 709, ,380 (11,054) (1.5) 1,299,285 1,347,903 (48,618) (3.6) Depreciation, Decommissioning and Amortization 173, ,308 (21,606) (11.1) 519, ,810 7, ,029,984 1,001,323 28, Property and Other Taxes 30,193 29,089 1, ,881 86, , ,342 7, Impairment and Other Charges 15,825 21,300 (5,475) (25.7) 15,418 21,300 (5,882) (27.6) 20,485 21,219 (734) (3.5) Total Operating Expense 1,156,654 1,002, , ,425,770 2,414,991 10, ,515,779 4,533,887 (18,108) (0.4) OPERATING INCOME (LOSS) 158, ,952 (51,329) (24.4) 468, ,229 87, , , , OTHER INCOME AND DEDUCTIONS AFUDC - Equity 7,771 7, ,638 19,289 3, ,389 41,756 (367) (0.9) Interest and Dividend Income 402 1,085 (683) (62.9) 1,506 2,094 (588) (28.1) 2,919 2, Equity in Income (loss) from Unconsolidated affiliates - net (131) - (131) - (131) - (131) - (391) - (391) - Impairment Loss on Equity Method Investment (5) (8) (5) (190) Other Income 3,964 2,571 1, ,324 11, ,404 20,253 5, Other Expenses (4,090) (3,591) (499) (13.9) (10,305) (11,607) 1, (17,583) (17,105) (478) (2.8) Total Other Income - Net 7,916 7, ,027 21,320 4, ,733 47,292 4, INCOME ( LOSS) BEFORE FIXED CHARGES AND TAXES 166, ,343 (50,804) (23.4) 494, ,549 92, , , , FIXED CHARGES Interest on Long-Term Debt 44,232 41,499 2, , ,089 8, , ,030 11, Amortization 2,466 2,592 (126) (4.9) 7,485 7,787 (302) (3.9) 14,899 15,486 (587) (3.8) Interest on Short-Term Debt , , ,012 2,224 2, Other Interest Expense 9,707 6,985 2, ,470 17,390 7, ,969 34,420 12, AFUDC - Borrowed (2,409) (1,718) (691) (40.2) (7,018) (5,796) (1,222) (21.1) (12,553) (13,389) Capitalized Interest (5) (2) (3) (150.0) (20) (5) (15) (*) (41) (9) (32) (*) Total Fixed Charges 54,917 49,747 5, , ,460 15, , ,762 27, INCOME (LOSS) BEFORE INCOME TAXES 111, ,596 (55,974) (33.4) 334, ,089 76, , ,601 95, Income Tax Expense (Benefit) (3,128) 55,776 (58,904) (105.6) 25,816 (51,167) 76, (13,741) (23,910) 10, INCOME (LOSS) FROM CONTINUING OPERATIONS 114, ,820 2, , ,256 (558) (0.2) 701, ,511 85, Income (Loss) From Disc. Ops. - Net Of Tax - (1,701) 1, (1,701) 1, (1,103) 1, NET INCOME (LOSS) 114, ,119 4, , ,555 1, , ,408 86, Less: Redeemable Noncontrolling Interests (150) 60 (210) (*) (435) (3,470) 3, (1,235) (7,970) 6, Preferred and Preference Stock Dividend Requirements of Utility 10,654 10, ,304 30, ,278 60,936 1, NET INCOME (LOSS) ATTRIBUTABLE TO EDISON INTERNATIONAL 104,246 99,734 4, , ,051 (2,222) (0.8) 640, ,442 78, Weighted Average Shares of Common Stock Outstanding (000) 325, , , , , , EARNINGS (LOSS) PER COMMON SHARE Continuing Operations (0.31) (100.00) (0.87) (100.0) (1.72) (100.0) Discontinued Operations - (0.01) (0.01) Total (0.30) (100.00) (0.86) (100.0) (1.72) (100.0) 49

53 Edison Internaional Consolidating Statement of Income (in thousands) YTD - June EIX Holding Edison Insurance Services EIX Reporting Entity Edison Mission Group Southern Californa Edison Cons. Edison Energy Group Total EIX Before Eliminations Eliminations Consolidated EIX Description EIX_OTH EIS EIX_RPT EMG SCE Cons EEG Profit & Loss Statement CY Retained Earnings 640,163, (1,723,024.66) 0.00 (1,002,365.17) 718,261, (26,238,416.04) 1,329,461, (689,298,000.11) 640,163, Net Income (640,163,681.44) 1,723, ,002, (718,261,805.98) 26,238, (1,329,461,681.55) 689,298, (640,163,681.44) NIAT (640,163,681.44) 1,723, ,002, (718,261,805.98) 26,238, (1,329,461,681.55) 689,298, (640,163,681.44) Operating Income 26,259, ,955, , (1,009,377,554.35) 46,981, (932,335,792.69) 0.00 (932,335,792.69) Operating Revenue 0.00 (42,871.51) 0.00 (32,452.00) (5,444,835,029.94) (19,879,875.54) (5,464,790,228.99) 1,287, (5,463,502,921.69) Electric Utility (5,025,406,151.47) 0.00 (5,025,406,151.47) 0.00 (5,025,406,151.47) Other Electric Revenue 0.00 (42,871.51) 0.00 (32,452.00) (419,428,878.47) (19,879,875.54) (439,384,077.52) 1,287, (438,096,770.22) Other Electric Utility Revenues (2,477,846.70) 0.00 (367,004,806.69) 0.00 (369,482,653.39) 1,287, (368,195,346.09) Revenue Assessment & Plan Accounts Financial Services & Other 0.00 (42,871.51) 2,477, (32,452.00) (23,199,151.02) (19,879,875.54) (40,676,503.37) 0.00 (40,676,503.37) Other NonElectric Revenue (29,224,920.76) 0.00 (29,224,920.76) 0.00 (29,224,920.76) Operating Expense 26,259, ,998, , ,435,457, ,861, ,532,454, (1,287,307.30) 4,531,167, Fuel & Emission Allowances ,354, ,354, ,354, Purchased Power ,952,910, ,952,910, ,952,910, Provision for Regulatory Adjustments (58,153,720.37) 0.00 (58,153,720.37) 0.00 (58,153,720.37) Operations & Maintenance - Above the Line 23,892, ,998, , ,233,258, ,261, ,300,285, (1,287,307.30) 1,298,998, Operations & Maintenance - Below the Line ,386, ,386, ,386, Depreciation and Decommissioning 35, ,025,680, ,268, ,029,984, ,029,984, Depreciation 35, ,025,680, ,268, ,029,984, ,029,984, Property & Other Taxes 2,330, , ,221, ,356, ,913, ,913, (Gain) Loss on Sale of Assets and Asset Impairment (1,488,897.23) 21,974, ,485, ,485, PowerPlant WBS Posting Cost Elements , , , Other Income - Net (627,043,993.82) (2,154,118.99) (66,238,691.23) (862,120.65) (696,298,924.69) 691,457, (4,841,738.30) Interest & Dividend Income (23,532.48) (2,159,186.28) (44,172,704.58) (111,476.34) (46,466,899.68) 2,159, (44,307,713.40) AFUDC - Equity (41,389,205.09) 0.00 (41,389,205.09) 0.00 (41,389,205.09) Interest & Dividend Income (23,532.48) (2,159,186.28) (2,783,499.49) (111,476.34) (5,077,694.59) 2,159, (2,918,508.31) Equity in Income & Dividends on Preference Stock (627,020,461.34) , (626,629,776.34) 689,298, ,668, Equity in Income from Partnerships & Unconsolidated Subs (689,298,000.11) , (688,907,315.11) 689,298, , Dividends on Pref & Preference Stock Not Mandatory Redemptio 62,277, ,277, ,277, Other Nonoperating Income (24,830,675.61) (574,197.02) (25,404,333.80) 0.00 (25,404,333.80) Other Nonoperating Income (24,830,675.61) (574,197.02) (25,404,333.80) 0.00 (25,404,333.80) Other Nonoperating Deductions , ,764, (567,132.29) 2,202, ,202, Impairment Loss on Equity Method Investment , , , Other Nonoperating Deductions ,764, (567,132.29) 2,197, ,197, Fixed Charges 24,459, , ,892, ,748, ,148, (2,159,186.28) 311,989, Total Interest on Long Term Debt 17,731, ,525, ,564, ,822, (2,159,186.28) 257,663, Interest on Long Term Debt 17,731, ,567, ,564, ,863, (2,159,186.28) 257,704, Capitalized Interest (41,384.24) 0.00 (41,384.24) 0.00 (41,384.24) Amortization 1,327, ,571, ,898, ,898, Interest on Short Term Debt 3,107, ,894, , ,011, ,011, Total Other Interest Expense 2,293, , ,453, , ,968, ,968, Other Interest Expense 2,293, , ,453, , ,968, ,968, AFUDC - Borrowed (12,552,509.23) 0.00 (12,552,509.23) 0.00 (12,552,509.23) Provision for Income Taxes (63,838,504.22) (1,232,927.00) ,263, ,461, (20,394,613.65) (13,740,957.96) 0.00 (13,740,957.96) Minority Interest (1,235,000.00) (1,235,000.00) 0.00 (1,235,000.00) 50

54 QUARTERLY FINANCIAL STATEMENTS THIRD QUARTER 51

55 CPUC Decision # Ordering Paragraph #1 Condition #13 Total Assets September 30, (000) Southern California Edison Assets $ 53,147,360 Non-Utility Affiliates Assets 459,821 Edison International Assets (0) Total Assets $53,607,181 Operating Revenue For Twelve Months Ended Sept 30, (000) Southern California Edison Operating Revenue 12,051,522 Non-utility Affiliates Operating Revenue 51,909 Edison International Operating Revenue - Total Operating Revenue 12,103,431 Operating Expenses For Twelve Months Ended Sept 30, (000) Southern California Edison Operating Expenses $ 9,890,160 Less: Cost of Sales Fuel 184,060 Purchased Power 4,373,621 Provision for Regulatory Adjustment Clauses 268,206 Total Cost of Sales 4,825,887 Net Southern California Edison Operating Expenses $ 5,064,272 Non-Utility Affiliates Operating Expenses 131,622 Edison International Operating Expenses 41,421 Total Operating Expenses 5,237,316 52

56 EDISON INTERNATIONAL CONSOLIDATED BALANCE SHEETS (UNAUDITED) ($000) September ASSETS LIABILITIES AND EQUITY SHARES THIS MONTH LAST MONTH JAN 1ST OUTSTANDING THIS MONTH LAST MONTH JAN 1ST CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalents 117,329 96,566 96,359 Short-term debt 907, ,766 1,307,263 Restricted cash 15,279 14,548 17,784 Long-term debt due within one year 582,612 1,281, ,278 Margin and collateral deposits - (3,015) - Accounts payable 1,018,432 1,166,136 1,204,009 Customer accounts receivable 1,009, , ,910 Counterparty collateral 5,741 7,008 9,860 Other accounts receivable 150, , ,905 Customer deposits 276, , ,409 Accumulated provision for uncollectible accounts (55,130) (56,921) (61,815) Book overdrafts 85,314 97, ,071 Accrued utility revenues 351, , ,109 Accrued taxes 90, ,119 49,564 Fuel Stock 2,271 10,060 1,577 Accrued interest 143, , ,027 Materials and supplies 226, , ,858 Dividends payable 185, , ,167 Prepayments 86,516 96,881 99,132 Derivative liabilities 3, , ,734 Derivative assets 36,248 45,326 72,541 Regulatory liabilities 1,281, , ,684 Regulatory assets 444, , ,405 Miscellaneous current liabilities 829, , ,184 Miscellaneous current and accrued assets 351, , ,582 5,409,303 5,793,821 5,911,250 Short-term investments 21,000 21,000 21,000 2,758,766 2,784,759 2,124,347 LONG-TERM DEBT First and refunding mortgage bonds 9,300,000 9,000,000 8,778,571 Other long-term debt 2,443,801 2,445,214 1,511,575 OTHER PROPERTY AND INVESTMENTS 11,743,801 11,445,214 10,290,146 Nonutility property 404, , ,107 Unamortized debt issuance cost (92,314) (90,627) (80,856) Accumulated provision for depreciation Unamortized premium (discount) - net (13,022) (35,029) (34,536) and amortization of nonutility property (109,418) (107,949) (98,561) 11,638,465 11,319,558 10,174, , , ,546 Leveraged leases 10,241 10,238 13,834 DEFERRED CREDITS AND OTHER LIABILITIES Investment in partnerships and unconsolidated subs 3,622 3,687 4,314 Accumulated deferred income taxes - net 9,057,613 8,618,563 8,238,949 Other investments 9,683 9,683 15,183 Deferred investment tax credit 83,234 84,633 88,266 Special funds 48,789 45,733 49,849 Regulatory liabilities 5,858,389 5,996,057 5,726,418 Nuclear decommissioning trusts 4,415,215 4,429,355 4,241,646 Customer advances 179, , ,384 4,782,786 4,776,126 4,518,372 Other long-term liabilities and other deferred credits 2,682,722 1,876,485 1,890,603 Derivative liabilities , ,365 Accumulated provision for pensions and benefits 1,378,029 1,378,029 1,354,479 UTILITY PLANT Asset retirement obligations 2,682,132 2,615,957 2,590,194 Utility plant, at original cost 43,868,698 43,776,666 42,889,815 21,921,652 21,552,502 21,041,658 Accumulated provision for depreciation (9,172,773) (9,150,406) (8,999,513) 34,695,925 34,626,260 33,890,302 TOTAL LIABILITIES 38,969,420 38,665,881 37,127,662 Construction work in progress 2,841,252 2,709,044 2,789,536 REDEEMABLE NONCONTROLLING INTEREST 13,152 11,742 4,796 Nuclear fuel - at amortized cost 128, , ,328 37,666,171 37,459,055 36,806,166 EDISON INTERNATIONAL'S COMMON SHAREHOLDERS' EQUITY Common stock 325,811,206 1,963,503 1,963,503 1,963,503 DEFERRED CHARGES Additional paid-in capital 556, , ,189 Regulatory assets 8,027,745 7,737,604 7,454,702 Accumulated other comprehensive loss (47,692) (48,606) (52,522) Restricted cash Retained earnings 9,943,741 9,779,515 9,543,633 Unamortized debt expense 10,363 10,666 9,952 12,416,105 12,247,698 11,995,803 Derivative assets 2, ,360 PREFERRED AND PREFERENCE STOCK OF UTILITY 6,050,222 2,193,587 2,193,587 2,190,554 Other deferred debits 343, , ,916 TOTAL EQUITY 14,609,692 14,441,285 14,186,357 8,384,541 8,098,968 7,869,930 TOTAL ASSETS 53,592,264 53,118,908 51,318,815 TOTAL LIABILITIES AND EQUITY 53,592,264 53,118,908 51,318,815 53

57 Edison Insurance Ser Edison Energy Group Edison International Consolidated Balance Sheet ($000) September 30, EIX Reporting Entity EIX Holding Balance Sheet Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Assets 14,566,296, ,889, ,770, (29,771,557.28) 53,147,505, ,148, ,524,838, (14,932,575,015.68) 53,592,263, Current Assets 239,437, ,889, ,464, (29,771,557.28) 2,687,828, ,859, ,367,707, (608,942,806.40) 2,758,764, Cash and Equivalents 7,554, ,796, ,893, ,361, ,722, ,329, ,329, Restricted Cash ,099, , ,279, ,279, Margin and Collateral Deposits Receivables (Net) 228,761, ,049, ,803, ,437,899, ,111, ,065,625, (608,917,806.40) 1,456,707, Receivables 228,761, ,049, ,383, ,492,449, ,111, ,120,755, (608,917,806.40) 1,511,837, Customer Accounts Receivable ,262, ,838, ,009,101, ,009,101, Accrued Unbilled Revenue - - 1,113, ,768, ,882, ,882, Other Accounts Receivable 228,761, ,049, , ,841, ,111, ,771, (608,917,806.40) 150,853, Accum Provision for Doubtful Accounts - Trade - - (579,878.50) - (54,550,246.73) - (55,130,125.23) - (55,130,125.23) Inventory , ,579, ,227, ,227, Fuel Inventory ,270, ,270, ,270, Materials & Supplies , ,308, ,956, ,956, Derivative Assets - Short-term ,248, ,248, ,248, Regulatory Assets - ST ,771, ,771, ,771, Short-term Investments ,000, ,000, ,000, Prepayments and other current assets 3,121, , ,020, (29,771,557.28) 457,788, , ,226, (25,000.00) 438,201, ADIT ST Total (0.35) - (0.35) - (0.35) Investments and Other Assets 14,222,830, ,579, ,464,054, ,791, ,710,255, (14,222,705,265.42) 4,487,550, Investments 14,222,830, ,579, ,839, ,791, ,295,040, (14,222,705,265.42) 72,334, Investments in Consolidated Subsidiaries 14,222,705, (0.03) 14,222,705, (14,222,705,265.42) (0.09) Investments in Unconsolidated Subsidiaries - - 1,022, , ,550, ,622, ,622, Investments in Leveraged Leases ,241, ,241, ,241, Special Funds and Other Investments 125, ,557, ,789, ,471, ,471, Nuclear Decommissioning Trusts ,415,215, ,415,215, ,415,215, Utility Plant ,666,171, ,666,171, ,666,171, Utility Plant, at Original cost ,868,697, ,868,697, ,868,697, Accum Prov for Depreciation (9,172,773,167.26) - (9,172,773,167.26) - (9,172,773,167.26) CWIP Total ,841,252, ,841,252, ,841,252, Nuclear Fuel, at Amortized Cost ,994, ,994, ,994, NonUtility Property - Net 153, ,487, ,594, ,236, ,236, NonUtility Property 381, ,603, ,914, ,900, ,900, NonUtility Property-CWIP ,754, ,754, ,754, Accum Depr - Non Utility Property (227,717.28) - (14,869,927.67) - (94,320,074.43) - (109,417,719.38) - (109,417,719.38) Long Term Assets 103,875, ,238, ,256,857, ,497, ,485,468, (100,926,943.86) 8,384,541, Regulatory Assets -LT Total ,027,745, ,027,745, ,027,745, Unamortized Debt Expense 2,560, ,802, ,363, ,363,

58 Edison Insurance Ser Edison Energy Group Edison International Consolidated Balance Sheet ($000) September 30, EIX Reporting Entity EIX Holding Restricted Cash - LT , , , Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Other Long-Term Assets 101,314, ,293, ,306, ,497, ,411, (100,926,943.86) 343,485, Derivative Assets - Long-term ,002, ,002, ,002, Liabilities and Shareholders' Equity (14,566,296,829.14) (22,889,079.95) (417,770,425.46) 29,771, (53,147,505,853.18) (400,148,240.13) (68,524,838,870.58) 14,932,575, (53,592,263,854.90) Current Liabilities (989,424,309.75) (582,808.92) 8,963, (75,404,753.77) (4,757,858,601.97) (205,320,594.81) (6,019,627,136.85) 610,324, (5,409,302,322.09) Short-term debt (572,900,616.40) - (6,042,870.76) - (328,958,276.95) - (907,901,764.11) - (907,901,764.11) LT Debt Due Within One Year - - (4,040,506.82) - (578,571,428.58) - (582,611,935.40) - (582,611,935.40) Accounts payable (253,753,223.80) (4,453,539.37) (7,439,178.28) - (1,014,719,172.98) (157,391,693.35) (1,437,756,807.78) 419,324, (1,018,431,993.02) Accrued Taxes 76,961, ,927, ,363, (75,404,753.77) (91,904,813.69) (48,995,288.99) (90,051,518.17) - (90,051,518.17) Accrued Interest (5,870,347.22) - (495,732.08) - (137,190,592.87) - (143,556,672.17) - (143,556,672.17) Counterparty Collateral (5,741,136.90) - (5,741,136.90) - (5,741,136.90) Customer Deposits (276,240,248.67) - (276,240,248.67) - (276,240,248.67) Book Overdrafts - - (158,646.46) - (85,155,229.31) - (85,313,875.77) - (85,313,875.77) Dividends Payable (176,752,579.26) (199,356,334.92) - (376,108,914.18) 191,000, (185,108,914.18) Derivative Liabilities - Short-term (3,300,861.99) - (3,300,861.99) - (3,300,861.99) Regulatory Liabilities-Short-term (1,281,088,295.57) - (1,281,088,295.57) - (1,281,088,295.57) ADIT ST LIABILITY Total Other Current Liabilities (57,109,316.51) (57,075.10) (18,222,892.52) - (755,632,209.54) 1,066, (829,955,106.14) - (829,955,106.14) Long Term Debt (1,192,358,809.74) - (20,256,196.54) - (10,426,456,470.51) - (11,639,071,476.79) 606, (11,638,464,866.31) Long Term Debt (1,200,606,610.48) - (27,826,964.52) - (10,515,973,905.05) - (11,744,407,480.05) 606, (11,743,800,869.57) Unamortized Debt Financing Cost 6,629, ,570, ,114, ,314, ,314, Unamortized Premium (Discount) 1,618, ,403, ,021, ,021, Deferred Credits and Other Liabilities 324, , ,391, ,176, (22,969,996,960.91) 839,722, (22,020,589,749.82) 98,938, (21,921,651,424.80) ADIT LT Total 705,915, (182,008.00) 14,899, ,921, (10,883,079,317.63) 1,001,912, (9,057,613,066.53) - (9,057,613,066.53) Accum Deferred Investment Tax Credits (83,133,385.69) (100,352.00) (83,233,737.69) - (83,233,737.69) Regulatory Liabilities - LT (5,858,389,492.95) - (5,858,389,492.95) - (5,858,389,492.95) Customer Advances (179,157,832.72) - (179,157,832.72) - (179,157,832.72) Derivative Liabilities - Long-term - - (375,000.00) (375,000.00) - (375,000.00) Accumulated Provision for Pensions & Benefits (416,471,216.74) - (1,339,287.12) - (944,323,200.76) (15,895,566.93) (1,378,029,271.55) - (1,378,029,271.55) Asset Retirement Obligations - - (7,205,761.51) - (2,674,926,531.21) - (2,682,132,292.72) - (2,682,132,292.72) Other Deferred Credits and LT Libilities (289,120,035.63) 974, (2,588,083.34) 2,255, (2,346,987,199.95) (146,193,655.94) (2,781,659,055.66) 98,938, (2,682,720,730.64) Redeemable NonControlling interests - - (13,152,415.44) (13,152,415.44) - (13,152,415.44) Total Equity (12,384,838,050.56) (23,099,020.03) (396,716,932.46) - (14,993,193,819.79) (1,034,550,268.84) (28,832,398,091.68) 14,222,705, (14,609,692,826.26) Total Common Shareholders' Equity (12,436,306,154.32) (23,099,020.03) (396,716,932.46) - (12,748,138,869.79) (1,034,550,268.84) (26,638,811,245.44) 14,222,705, (12,416,105,980.02) Common stock (1,963,503,434.51) (1,000.00) - - (2,168,054,318.82) (147,866,313.00) (4,279,425,066.33) 2,315,921, (1,963,503,434.51) Paid in Capital (556,553,476.43) (1,728,825.00) (501,635,972.19) - (668,087,451.96) (1,689,482,923.03) (3,417,488,648.61) 2,860,935, (556,553,476.43) Accumulated other comprehensive income 27,491, , ,000, ,561, ,691, ,691, Retained Earnings (9,943,740,859.00) (21,369,195.03) 104,280, (9,929,997,312.67) 801,237, (18,989,589,318.73) 9,045,848, (9,943,740,857.31) Noncontrolling interests - other Preferred and Preference Stock of Utility not Subject to Ma 51,468, (2,245,054,950.00) - (2,193,586,846.24) - (2,193,586,846.24)

59 Edison International Consolidated Statement of Income ($000) September MONTH QUARTER YEAR - TO - DATE 2016 INC/(DEC) % 2016 INC/(DEC) % 2016 INC/(DEC) % OPERATING REVENUES Electric Utility 1,341,622 1,195, , ,194,050 3,883, , ,616,876 9,230, , Other 6,098 7,856 (1,758) (22.4) 20,161 14,788 5, ,838 30,735 30, Total Operating Revenues 1,347,720 1,203, , ,214,211 3,898, , ,677,714 9,261, , OPERATING EXPENSES Fuel 18,918 24,276 (5,358) (22.1) 55,892 60,019 (4,127) (6.9) 139, ,299 18, Purchased and Interchange Power 444, ,472 (65,687) (12.9) 1,588,711 1,654,991 (66,280) (4.0) 3,541,622 3,526,499 15, Provisions for Reg Adj Clauses 422,243 22, ,775 * 705, , ,237 * 646, , ,771 * Operating Expense 225, ,653 (14,009) (5.8) 715, ,129 (27,809) (3.7) 2,014,605 2,091,032 (76,427) (3.7) Depreciation, Decommissioning and Amortization 168, ,146 1, , ,435 2, ,530,409 1,498,758 31, Property and Other Taxes 31,353 30,109 1, ,622 89,039 6, , ,380 14, Impairment Charges ,046-22,046 - Other operating (income) & expenses - Net (3,391) - (3,391) - (6,628) - (6,628) - (8,189) 21,219 (29,408) (138.6) Total Operating Expense 1,307, , , ,654,434 3,203, , ,170,214 7,737, , OPERATING INCOME (LOSS) 39, ,378 (169,384) (80.9) 559, ,941 (135,164) (19.4) 1,507,500 1,524,012 (16,512) (1.1) OTHER INCOME AND DEDUCTIONS AFUDC - Equity 7,764 6,401 1, ,592 16,158 7, ,981 57,914 7, Interest and Dividend Income 1, ,310 * 2,674 1,240 1, ,593 3,818 1, Equity in Income (loss) from Unconsolidated affiliates - net (65) - (65) - (301) (25) (276) (*) (692) (25) (667) (*) Impairment Loss on Equity Method Investment (7) (58.3) - (178) Other Income 3,732 5,940 (2,208) (37.2) 16,011 14,573 1, ,416 34,825 6, Other Expenses (3,313) (2,807) (506) (18.0) (9,688) (8,953) (735) (8.2) (27,272) (26,057) (1,215) (4.7) Total Other Income - Net 9,481 9,587 (106) (1.1) 32,293 23,005 9, ,026 70,297 13, INCOME ( LOSS) BEFORE FIXED CHARGES AND TAXES 49, ,965 (169,490) (77.4) 592, ,946 (125,876) (17.5) 1,591,526 1,594,309 (2,783) (0.2) FIXED CHARGES Interest on Long-Term Debt 44,786 41,342 3, , ,984 9, , ,014 21, Amortization 2,512 2,640 (128) (4.8) 7,547 7,868 (321) (4.1) 22,446 23,354 (908) (3.9) Interest on Short-Term Debt ,449 1,143 1, ,461 3,367 4, Other Interest Expense 10,449 9,291 1, ,801 18,701 6, ,770 53,121 18, AFUDC - Borrowed (2,372) (2,126) (246) (11.6) (7,287) (5,333) (1,954) (36.6) (19,839) (18,723) (1,116) (6.0) Capitalized Interest (5) (3) (2) (66.7) (6) (8) (48) (17) (31) (182.4) Total Fixed Charges 56,073 51,437 4, , ,355 14, , ,116 41, INCOME (LOSS) BEFORE INCOME TAXES (6,598) 167,528 (174,126) (103.9) 431, ,591 (140,391) (24.6) 1,118,665 1,163,193 (44,528) (3.8) Income Tax Expense (Benefit) (181,445) 13,435 (194,880) (*) (69,660) 120,617 (190,277) (157.8) (83,401) 96,708 (180,109) (186.2) INCOME (LOSS) FROM CONTINUING OPERATIONS 174, ,093 20, , ,974 49, ,202,066 1,066, , Income (Loss) From Disc. Ops. - Net Of Tax - (3) (3) (1,106) 1, NET INCOME (LOSS) 174, ,090 20, , ,971 49, ,202,066 1,065, , Less: Redeemable Noncontrolling Interests (50) (50.0) (350) (530) (1,585) (8,500) 6, Preferred and Preference Stock Dividend Requirements of Utility 10,077 10,325 (248) (2.4) 31,589 30, ,866 91,910 1, NET INCOME (LOSS) ATTRIBUTABLE TO EDISON INTERNATIONAL 164, ,665 21, , ,527 49, ,109, , , Weighted Average Shares of Common Stock Outstanding (000) 325, , , , , , EARNINGS (LOSS) PER COMMON SHARE Continuing Operations (0.44) (100.00) (1.29) (100.0) (3.01) (100.0) Discontinued Operations Total (0.44) (100.00) (1.29) (100.0) (3.01) (100.0) 56

60 Edison International Consolidating Statement of Income (in thousands) YTD - September EIX Holding Edison Insurance Services EIX Reporting Entity Edison Mission Group Southern Californa Edison Cons. Edison Energy Group Total EIX Before Eliminations Eliminations Consolidated EIX Description EIX_OTH EIS EIX_RPT EMG SCE Cons EEG Profit & Loss Statement CY Retained Earnings 1,109,784, (1,467,801.56) 0.00 (480,201.38) 1,214,435, (23,430,351.86) 2,298,842, (1,189,057,630.06) 1,109,784, Net Income (1,109,784,804.85) 1,467, , (1,214,435,984.86) 23,430, (2,298,842,434.91) 1,189,057, (1,109,784,804.85) NIAT (1,109,784,804.85) 1,467, , (1,214,435,984.86) 23,430, (2,298,842,434.91) 1,189,057, (1,109,784,804.85) Operating Income 34,036, ,039, ,140, (1,582,480,869.38) 55,713, (1,488,551,329.22) 0.00 (1,488,551,329.22) Operating Revenue (35,215.00) (9,639,535,490.17) (40,081,292.86) (9,679,651,998.03) 1,937, (9,677,714,158.96) Electric Utility (9,010,280,617.78) 0.00 (9,010,280,617.78) 0.00 (9,010,280,617.78) Other Electric Revenue (35,215.00) (629,254,872.39) (40,081,292.86) (669,371,380.25) 1,937, (667,433,541.18) Other Electric Utility Revenues (4,058,161.72) 0.00 (561,010,714.81) 0.00 (565,068,876.53) 1,937, (563,131,037.46) Revenue Assessment & Plan Accounts Financial Services & Other ,058, (35,215.00) (24,779,466.04) (40,081,292.86) (60,837,812.18) 0.00 (60,837,812.18) Other NonElectric Revenue (43,464,691.54) 0.00 (43,464,691.54) 0.00 (43,464,691.54) Operating Expense 34,036, ,039, ,175, ,057,054, ,795, ,191,100, (1,937,839.07) 8,189,162, Fuel & Emission Allowances ,247, ,247, ,247, Purchased Power ,541,621, ,541,621, ,541,621, Provision for Regulatory Adjustments ,938, ,938, ,938, Operations & Maintenance - Above the Line 31,515, ,039, ,172, ,914,803, ,603, ,016,135, (1,937,839.07) 2,014,197, Operations & Maintenance - Below the Line ,947, ,947, ,947, Depreciation and Decommissioning 51, ,523,709, ,649, ,530,409, ,530,409, Depreciation 51, ,523,709, ,649, ,530,409, ,530,409, Property & Other Taxes 2,469, , ,150, ,912, ,535, ,535, (Gain) Loss on Sale of Assets (7,773,005.42) (415,711.88) (8,188,717.30) 0.00 (8,188,717.30) Asset Impairment ,046, ,046, ,046, PowerPlant WBS Posting Cost Elements , , , Other Income - Net (1,095,231,865.18) (84,228.08) 0.00 (3,369,092.07) (102,146,676.20) (703,023.18) (1,201,534,884.71) 1,192,425, (9,109,288.72) Interest & Dividend Income (40,282.17) (84,228.08) 0.00 (3,367,965.93) (70,275,378.48) (174,069.30) (73,941,923.96) 3,367, (70,573,958.03) AFUDC - Equity (64,981,037.93) 0.00 (64,981,037.93) 0.00 (64,981,037.93) Interest & Dividend Income (40,282.17) (84,228.08) 0.00 (3,367,965.93) (5,294,340.55) (174,069.30) (8,960,886.03) 3,367, (5,592,920.10) Equity in Income & Dividends on Preference Stock (1,095,191,583.01) , (1,094,499,575.01) 1,189,057, ,558, Equity in Income from Partnerships & Unconsolidated Subs (1,189,057,630.06) , (1,188,365,622.06) 1,189,057, , Dividends on Pref & Preference Stock Not Mandatory Redemptio 93,866, ,866, ,866, Other Nonoperating Income (1,126.14) (40,840,422.83) (574,197.02) (41,415,745.99) 0.00 (41,415,745.99) Other Nonoperating Income (1,126.14) (40,840,422.83) (574,197.02) (41,415,745.99) 0.00 (41,415,745.99) Other Nonoperating Deductions ,969, (646,764.86) 8,322, ,322, Impairment Loss on Equity Method Investment Other Nonoperating Deductions ,969, (646,764.86) 8,322, ,322, Fixed Charges 37,318, , ,140, ,694, ,229, (3,367,965.93) 472,861, Total Interest on Long Term Debt 28,138, ,911, ,341, ,391, (3,367,965.93) 391,023, Interest on Long Term Debt 28,138, ,958, ,341, ,438, (3,367,965.93) 391,070, Capitalized Interest (47,694.16) 0.00 (47,694.16) 0.00 (47,694.16) Amortization 2,167, ,278, ,445, ,445, Interest on Short Term Debt 4,428, ,962, , ,461, ,461, Total Other Interest Expense 2,583, , ,827, , ,770, ,770, Other Interest Expense 2,583, , ,827, , ,770, ,770, AFUDC - Borrowed (19,839,046.58) 0.00 (19,839,046.58) 0.00 (19,839,046.58) Provision for Income Taxes (85,907,771.22) (1,487,011.00) ,633, ,050, (32,690,096.19) (83,400,542.95) 0.00 (83,400,542.95) Minority Interest (1,585,000.00) (1,585,000.00) 0.00 (1,585,000.00) 57

61 QUARTERLY FINANCIAL STATEMENTS FOURTH QUARTER 58

62 CPUC Decision # Ordering Paragraph #1 Condition #13 Total Assets December 31, (000) Southern California Edison Assets $ 51,514,102 Non-Utility Affiliates Assets 535,984 Edison International Assets 531,343 Total Assets $52,581,428 Operating Revenue For Twelve Months Ended Dec 31, (000) Southern California Edison Operating Revenue 12,293,349 Non-utility Affiliates Operating Revenue 68,924 Edison International Operating Revenue - Total Operating Revenue 12,362,273 Operating Expenses For Twelve Months Ended Dec 31, (000) Southern California Edison Operating Expenses $ 10,761,222 Less: Cost of Sales Fuel 155,284 Purchased Power 4,546,943 Provision for Regulatory Adjustment Clauses 183,886 Total Cost of Sales 4,886,113 Net Southern California Edison Operating Expenses $ 5,875,109 Non-Utility Affiliates Operating Expenses 134,992 Edison International Operating Expenses 40,937 Total Operating Expenses 6,051,038 59

63 EDISON INTERNATIONAL CONSOLIDATED BALANCE SHEETS (UNAUDITED) ($000) December ASSETS LIABILITIES AND EQUITY SHARES THIS MONTH LAST MONTH JAN 1ST OUTSTANDING THIS MONTH LAST MONTH JAN 1ST CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalents 1,090,723 78,421 96,359 Short-term debt 2,393,162 1,037,584 1,307,263 Restricted cash 40,370 20,331 17,784 Long-term debt due within one year 480, , ,278 Margin and collateral deposits Accounts payable 1,438,876 1,062,154 1,204,009 Customer accounts receivable 622, , ,910 Counterparty collateral 13,902 14,106 9,860 Other accounts receivable 148, , ,905 Customer deposits 280, , ,409 Accumulated provision for uncollectible accounts (53,857) (54,721) (61,815) Book overdrafts 64,492 55, ,071 Accrued utility revenues 212, , ,109 Accrued taxes 22, ,525 49,564 Fuel Stock 3,663 3,312 1,577 Accrued interest 194, , ,027 Materials and supplies 238, , ,858 Dividends payable 210,941 27, ,167 Prepayments 100,632 78,493 99,132 Derivative liabilities 1,191 2, ,734 Derivative assets 105, ,136 72,541 Regulatory liabilities 1,120,862 1,288, ,684 Regulatory assets 702, , ,405 Miscellaneous current liabilities 845, , ,184 Miscellaneous current and accrued assets 496, , ,582 7,068,016 5,504,177 5,911,250 Short-term investments 21,000 21,000 21,000 3,729,391 2,570,732 2,124,347 LONG-TERM DEBT First and refunding mortgage bonds 9,300,000 9,300,000 8,778,571 Other long-term debt 2,443,164 2,443,673 1,511,575 OTHER PROPERTY AND INVESTMENTS 11,743,164 11,743,673 10,290,146 Nonutility property 456, , ,107 Unamortized debt issuance cost (88,304) (97,919) (80,856) Accumulated provision for depreciation Unamortized premium (discount) - net (12,587) (12,735) (34,536) and amortization of nonutility property (114,275) (112,475) (98,561) 11,642,273 11,633,019 10,174, , , ,546 Leveraged leases 8,121 8,121 13,834 DEFERRED CREDITS AND OTHER LIABILITIES Investment in partnerships and unconsolidated subs 3,482 3,534 4,314 Accumulated deferred income taxes - net 4,484,732 9,048,803 8,238,949 Other investments 9,075 9,683 15,183 Deferred investment tax credit 81,827 83,234 88,266 Special funds 52,015 52,034 49,849 Regulatory liabilities 8,613,596 5,979,625 5,726,418 Nuclear decommissioning trusts 4,440,307 4,455,293 4,241,646 Customer advances 172, , ,384 4,855,307 4,852,986 4,518,372 Other long-term liabilities and other deferred credits 2,780,599 2,604,656 1,890,603 Derivative liabilities ,365 Accumulated provision for pensions and benefits 943,433 1,379,857 1,354,479 UTILITY PLANT Asset retirement obligations 2,907,624 2,682,648 2,590,194 Utility plant, at original cost 44,761,534 44,287,365 42,889,815 19,985,047 21,960,187 21,041,658 Accumulated provision for depreciation (9,354,541) (9,310,271) (8,999,513) 35,406,993 34,977,094 33,890,302 TOTAL LIABILITIES 38,695,336 39,097,383 37,127,662 Construction work in progress 3,174,882 3,084,005 2,789,536 REDEEMABLE NONCONTROLLING INTEREST 18,842 17,680 4,796 Nuclear fuel - at amortized cost 126, , ,328 38,708,495 38,190,964 36,806,166 EDISON INTERNATIONAL'S COMMON SHAREHOLDERS' EQUITY Common stock 325,811,206 1,963,503 1,963,503 1,963,503 DEFERRED CHARGES Additional paid-in capital 562, , ,189 Regulatory assets 4,913,859 8,021,916 7,454,702 Accumulated other comprehensive loss (42,897) (46,275) (52,522) Restricted cash Retained earnings 9,188,003 10,198,447 9,543,633 Unamortized debt expense 15,451 9,756 9,952 11,670,928 12,673,536 11,995,803 Derivative assets 4,359 7,594 1,360 PREFERRED AND PREFERENCE STOCK OF UTILITY 6,050,222 2,193,155 2,193,528 2,190,554 Other deferred debits 352, , ,916 NONCONTROLLING INTERESTS 1, ,286,886 8,367,445 7,869,930 TOTAL EQUITY 13,865,901 14,867,064 14,186,357 TOTAL ASSETS 52,580,079 53,982,127 51,318,815 TOTAL LIABILITIES AND EQUITY 52,580,079 53,982,127 51,318,815 60

64 Edison Insurance Ser Edison Energy Group Edison International Consolidated Balance Sheet ($000) December 31, EIX Reporting Entity EIX Holding Balance Sheet Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Assets 14,569,935, ,799, ,406, (5,103,318.87) 51,514,577, ,840, ,981,456, (14,401,377,073.71) 52,580,079, Current Assets 799,372, ,799, ,968, (5,103,318.87) 3,086,258, ,335, ,367,631, (638,240,222.50) 3,729,391, Cash and Equivalents 524,145, ,600, ,260, ,656, ,060, ,090,723, ,090,723, Restricted Cash ,088, , ,370, ,370, Margin and Collateral Deposits , , , Receivables (Net) 272,616, ,031, ,007, ,918, ,274, ,567,848, (638,240,222.50) 929,608, Receivables 272,616, ,031, ,589, ,193, ,274, ,621,706, (638,240,222.50) 983,465, Customer Accounts Receivable ,806, ,670, ,476, ,476, Accrued Unbilled Revenue , ,084, ,173, ,173, Other Accounts Receivable 272,616, ,031, , ,438, ,274, ,056, (638,240,222.50) 148,816, Accum Provision for Doubtful Accounts - Trade - - (581,555.23) - (53,275,712.08) - (53,857,267.31) - (53,857,267.31) Inventory , ,669, ,020, ,020, Fuel Inventory ,662, ,662, ,662, Materials & Supplies , ,006, ,357, ,357, Derivative Assets - Short-term ,434, ,434, ,434, Regulatory Assets - ST ,509, ,509, ,509, Short-term Investments ,000, ,000, ,000, Prepayments and other current assets 2,611, , ,261, (5,103,318.87) 595,502, ,439, ,439, ADIT ST Total (0.35) - (0.35) - (0.35) Investments and Other Assets 13,680,361, ,832, ,492,372, ,671, ,193,237, (13,680,236,822.72) 4,513,001, Investments 13,680,361, ,832, ,065, ,671, ,752,930, (13,680,236,822.72) 72,693, Investments in Consolidated Subsidiaries 13,680,236, (0.03) 13,680,236, (13,680,236,822.72) (0.09) Investments in Unconsolidated Subsidiaries , , ,550, ,482, ,482, Investments in Leveraged Leases ,121, ,121, ,121, Special Funds and Other Investments 125, ,949, ,015, ,090, ,090, Nuclear Decommissioning Trusts ,440,307, ,440,307, ,440,307, Utility Plant ,708,494, ,708,494, ,708,494, Utility Plant, at Original cost ,761,533, ,761,533, ,761,533, Accum Prov for Depreciation (9,354,541,200.92) - (9,354,541,200.92) - (9,354,541,200.92) CWIP Total ,174,882, ,174,882, ,174,882, Nuclear Fuel, at Amortized Cost ,619, ,619, ,619, NonUtility Property - Net 141, ,645, ,519, ,306, ,306, NonUtility Property 381, ,440, ,412, ,234, ,234, NonUtility Property-CWIP ,347, ,347, ,347, Accum Depr - Non Utility Property (240,160.77) - (17,142,157.79) - (96,893,057.67) - (114,275,376.23) - (114,275,376.23) Long Term Assets 90,059, ,959, ,150,931, , ,369,785, (82,900,028.49) 5,286,885, Regulatory Assets -LT Total ,913,859, ,913,859, ,913,859, Unamortized Debt Expense 2,205, ,998, ,247, ,451, ,451,

65 Edison Insurance Ser Edison Energy Group Edison International Consolidated Balance Sheet ($000) December 31, EIX Reporting Entity EIX Holding Restricted Cash - LT , , , Southern California Edison Mission Group Total EIX Before Eliminations Eliminations Consolidated EIX Other Long-Term Assets 87,853, ,997, ,466, , ,151, (82,900,028.49) 352,251, Derivative Assets - Long-term ,358, ,358, ,358, Liabilities and Shareholders' Equity (14,569,935,896.20) (19,799,674.58) (494,406,784.82) 5,103, (51,514,577,105.71) (387,840,304.37) (66,981,456,446.81) 14,401,377, (52,580,079,373.10) Current Liabilities (1,540,893,604.97) 1,770, (30,628,357.26) (55,700,651.11) (5,886,408,861.43) (195,776,959.06) (7,707,638,058.72) 639,622, (7,068,015,828.29) Short-term debt (1,139,098,405.67) - (16,051,722.87) - (1,238,012,198.83) - (2,393,162,327.37) - (2,393,162,327.37) LT Debt Due Within One Year - - (2,273,008.78) - (478,571,428.58) - (480,844,437.36) - (480,844,437.36) Accounts payable (251,717,317.71) (1,996,530.48) (9,413,089.67) - (1,455,391,753.74) (147,979,315.68) (1,866,498,007.28) 427,622, (1,438,875,776.85) Accrued Taxes 81,110, ,787, ,260, (55,700,651.11) (24,437,497.02) (48,898,494.99) (22,877,899.48) - (22,877,899.48) Accrued Interest (8,721,909.71) - (255,790.10) - (185,466,253.41) - (194,443,953.22) - (194,443,953.22) Counterparty Collateral (13,901,735.73) - (13,901,735.73) - (13,901,735.73) Customer Deposits (280,810,663.34) - (280,810,663.34) - (280,810,663.34) Book Overdrafts (1,211,111.44) (63,281,100.04) - (64,492,211.48) - (64,492,211.48) Dividends Payable (197,115,779.63) (225,825,060.67) - (422,940,840.30) 212,000, (210,940,840.30) Derivative Liabilities - Short-term (1,191,081.34) - (1,191,081.34) - (1,191,081.34) Regulatory Liabilities-Short-term (1,120,861,897.20) - (1,120,861,897.20) - (1,120,861,897.20) ADIT ST LIABILITY Total Other Current Liabilities (24,139,775.97) (20,727.41) (23,895,161.32) - (798,658,191.53) 1,100, (845,613,004.62) - (845,613,004.62) Long Term Debt (1,192,771,406.93) - (22,096,742.15) - (10,427,934,144.80) - (11,642,802,293.88) 529, (11,642,273,187.40) Long Term Debt (1,200,529,106.48) - (27,206,374.05) - (10,515,957,633.23) - (11,743,693,113.76) 529, (11,743,164,007.28) Unamortized Debt Financing Cost 6,230, ,109, ,963, ,303, ,303, Unamortized Premium (Discount) 1,527, ,060, ,587, ,587, Deferred Credits and Other Liabilities (196,105,524.01) 1,862, (3,497,537.51) 60,803, (20,528,511,807.65) 599,411, (20,066,036,322.15) 80,988, (19,985,047,408.07) ADIT LT Total 500,067, , ,400, ,743, (5,807,781,007.15) 745,588, (4,484,732,272.53) - (4,484,732,272.53) Accum Deferred Investment Tax Credits (81,727,066.69) (100,352.00) (81,827,418.69) - (81,827,418.69) Regulatory Liabilities - LT (8,613,596,402.02) - (8,613,596,402.02) - (8,613,596,402.02) Customer Advances (172,964,404.79) - (172,964,404.79) - (172,964,404.79) Derivative Liabilities - Long-term - - (272,000.00) (272,000.00) - (272,000.00) Accumulated Provision for Pensions & Benefits (443,192,562.12) - (1,781,815.52) - (482,994,413.89) (15,464,192.41) (943,432,983.94) - (943,432,983.94) Asset Retirement Obligations - - (15,337,571.95) - (2,892,285,939.54) - (2,907,623,511.49) - (2,907,623,511.49) Other Deferred Credits and LT Libilities (252,980,434.63) 1,614, (2,506,855.62) 59, (2,477,162,573.57) (130,612,137.94) (2,861,587,328.69) 80,988, (2,780,598,414.61) Redeemable NonControlling interests - - (18,842,168.69) (18,842,168.69) - (18,842,168.69) Total Equity (11,640,165,360.29) (23,432,806.69) (419,341,979.21) - (14,671,722,291.83) (791,475,165.35) (27,546,137,603.37) 13,680,236, (13,865,900,780.65) Total Common Shareholders' Equity (11,692,065,655.84) (23,432,806.69) (417,523,495.71) - (12,426,667,341.83) (791,475,165.35) (25,351,164,465.42) 13,680,236, (11,670,927,642.70) Common stock (1,963,503,434.51) (1,000.00) - - (2,168,054,318.82) (147,866,313.00) (4,279,425,066.33) 2,315,921, (1,963,503,434.51) Paid in Capital (562,318,550.51) (1,728,825.00) (538,183,119.85) - (670,548,866.52) (1,689,482,923.03) (3,462,262,284.91) 2,899,943, (562,318,550.51) Accumulated other comprehensive income 21,759, , ,721, ,788, ,897, ,897, Retained Earnings (9,188,003,144.16) (21,702,981.69) 120,031, (9,606,785,799.67) 1,044,085, (17,652,374,598.97) 8,464,371, (9,188,003,142.47) Noncontrolling interests - other - - (1,818,483.50) (1,818,483.50) - (1,818,483.50) Preferred and Preference Stock of Utility not Subject to Ma 51,900, (2,245,054,950.00) - (2,193,154,654.45) - (2,193,154,654.45)

66 Edison International Consolidated Statement of Income $(000) December MONTH QUARTER YEAR - TO - DATE 2016 INC/(DEC) % 2016 INC/(DEC) % 2016 INC/(DEC) % OPERATING REVENUES Electric Utility 860,906 1,020,851 (159,945) (15.7) 2,653,162 2,410, , ,270,038 11,641, , Other 9,127 3,357 5, ,807 11,798 17, ,645 42,534 47, Total Operating Revenues 870,033 1,024,208 (154,175) (15.1) 2,681,969 2,422, , ,359,683 11,683, , OPERATING EXPENSES Fuel 5,889 19,131 (13,242) (69.2) 16,037 44,813 (28,776) (64.2) 155, ,112 (9,828) (6.0) Purchased and Interchange Power 339, ,334 (30,818) (8.3) 1,005, , , ,546,943 4,358, , Provisions for Reg Adj Clauses (305,446) (34,002) (271,444) (*) (463,052) (378,733) (84,319) (22.3) 183,886 (168,565) 352,451 * Operating Expense 507, , , , , , ,967,549 2,855, , Depreciation and Amortization 166, ,167 (4,763) (2.8) 505, ,472 (3,146) (0.6) 2,035,735 2,007,230 28, Property and Other Taxes 31,433 28,002 3, ,950 84,301 9, , ,681 23, Impairment Charges 624, , , , , ,177 - Other operating (income) & expenses - Net (953) (119) (834) (*) (953) (119) (834) (*) (9,142) 21,100 (30,242) (143.3) Total Operating Expense 1,368, , , ,733,704 1,855,321 2,733,823 * 10,903,917 9,592,676 1,311, OPERATING INCOME (LOSS) (498,673) 151,130 (649,803) (*) (51,735) 567,195 (618,930) (109.1) 1,455,766 2,091,207 (635,441) (30.4) OTHER INCOME AND DEDUCTIONS AFUDC - Equity 4,737 5,220 (483) (9.3) 21,953 16,385 5, ,934 74,299 12, Interest and Dividend Income 27,555 (236) 27,791 * 28,545 (361) 28,906 * 34,138 3,457 30,681 * Equity in Income (loss) from Unconsolidated affiliates - net (51) (94) (140) (94) (46) (48.9) (832) (119) (713) (*) Impairment Loss on Equity Method Investment (178) Other Income 4,080 4,445 (365) (8.2) 10,532 11,037 (505) (4.6) 51,948 45,862 6, Other Expenses (5,204) (10,713) 5, (13,282) (17,843) 4, (40,554) (43,897) 3, Total Other Income - Net 31,117 (1,378) 32,495 * 47,608 9,124 38,484 * 131,634 79,424 52, INCOME ( LOSS) BEFORE FIXED CHARGES AND TAXES (467,556) 149,752 (617,308) (*) (4,127) 576,319 (580,446) (100.7) 1,587,400 2,170,631 (583,231) (26.9) FIXED CHARGES Interest on Long-Term Debt 44,378 40,860 3, , ,950 9, , ,964 30, Amortization 2,375 2,454 (79) (3.2) 7,304 7,369 (65) (0.9) 29,750 30,723 (973) (3.2) Interest on Short-Term Debt 2, , ,150 1,804 2, ,612 5,171 6, Other Interest Expense 12,686 9,631 3, ,223 22,451 6, ,993 75,573 25, AFUDC - Borrowed (2,509) (1,095) (1,414) (129.1) (7,830) (4,736) (3,094) (65.3) (27,669) (23,459) (4,210) (17.9) Capitalized Interest (53) (4) (49) (*) (63) (11) (52) (*) (111) (27) (84) (*) Total Fixed Charges 59,192 52,681 6, , ,827 15, , ,945 57, INCOME (LOSS) BEFORE INCOME TAXES (526,748) 97,071 (623,819) (*) (169,596) 426,492 (596,088) (139.8) 949,069 1,589,686 (640,617) (40.3) Income Tax Expense (Benefit) 293,549 20, ,591 * 364,693 79, ,755 * 281, , , INCOME (LOSS) FROM CONTINUING OPERATIONS (820,297) 76,113 (896,410) (*) (534,289) 346,554 (880,843) (*) 667,777 1,413,040 (745,263) (52.7) Income (Loss) From Disc. Ops. - Net Of Tax - 6,519 (6,519) (100.0) - 12,738 (12,738) (100.0) - 11,632 (11,632) (100.0) NET INCOME (LOSS) (820,297) 82,632 (902,929) (*) (534,289) 359,292 (893,581) (*) 667,777 1,424,672 (756,895) (53.1) Less: Redeemable Noncontrolling Interests (18,450) (426) (18,024) (*) (19,500) (426) (19,074) (*) (21,085) (8,926) (12,159) (136.2) Preferred and Preference Stock Dividend Requirements of Utility 10,077 10,325 (248) (2.4) 30,232 30,974 (742) (2.4) 124, ,884 1, NET INCOME (LOSS) ATTRIBUTABLE TO EDISON INTERNATIONAL (811,924) 72,733 (884,657) (*) (545,021) 328,744 (873,765) (*) 564,764 1,310,714 (745,950) (56.9) Weighted Average Shares of Common Stock Outstanding (000) 325, , , , , , EARNINGS (LOSS) PER COMMON SHARE Continuing Operations (2.49) 0.20 (0.20) (100.00) (1.67) 0.97 (0.97) (100.0) (3.99) (100.0) Discontinued Operations (0.02) (100.00) (0.04) (100.0) (0.03) (100.0) Total (2.49) 0.22 (0.22) (100.00) (1.67) 1.01 (1.01) (100.0) (4.02) (100.0) 63

67 Edison International Consolidating Statement of Income (in thousands) YTD - December (P14) EIX Holding Edison Insurance Services EIX Reporting Entity Edison Mission Group Southern Californa Edison Cons. Edison Energy Group Total EIX Before Eliminations Eliminations Consolidated EIX Description EIX_OTH EIS EIX_RPT EMG SCE Cons EEG Profit & Loss Statement CY Retained Earnings 564,764, (1,134,014.90) 0.00 (243,328,465.81) 1,136,096, (29,483,322.90) 1,426,914, (862,150,660.46) 564,764, Net Income (564,764,014.01) 1,134, ,328, (1,136,096,464.07) 29,483, (1,426,914,674.47) 862,150, (564,764,014.01) NIAT (564,764,014.01) 1,134, ,328, (1,136,096,464.07) 29,483, (1,426,914,674.47) 862,150, (564,764,014.01) Operating Income 40,937, ,087, ,197, (1,532,126,467.22) 61,782, (1,425,121,450.95) 0.00 (1,425,121,450.95) Operating Revenue (56,265.00) (12,293,348,746.29) (68,867,668.30) (12,362,272,679.59) 2,589, (12,359,682,693.19) Electric Utility (11,469,186,884.75) 0.00 (11,469,186,884.75) 0.00 (11,469,186,884.75) Other Electric Revenue (56,265.00) (824,161,861.54) (68,867,668.30) (893,085,794.84) 2,589, (890,495,808.44) Other Electric Utility Revenues (3,015,895.03) 0.00 (742,788,507.13) 0.00 (745,804,402.16) 2,589, (743,214,415.76) Revenue Assessment & Plan Accounts Financial Services & Other ,015, (56,265.00) (23,737,199.35) (68,867,668.30) (89,645,237.62) 0.00 (89,645,237.62) Other NonElectric Revenue (57,636,155.06) 0.00 (57,636,155.06) 0.00 (57,636,155.06) Operating Expense 40,937, ,087, ,253, ,761,222, ,650, ,937,151, (2,589,986.40) 10,934,561, Fuel & Emission Allowances ,283, ,283, ,283, Purchased Power ,546,942, ,546,942, ,546,942, Provision for Regulatory Adjustments ,886, ,886, ,886, Operations & Maintenance - Above the Line 38,226, ,087, ,250, ,830,659, ,220, ,969,445, (2,589,986.40) 2,966,855, Operations & Maintenance - Below the Line ,643, ,643, ,643, Depreciation and Decommissioning 63, ,026,104, ,566, ,035,734, ,035,734, Depreciation 63, ,026,104, ,566, ,035,734, ,035,734, Property & Other Taxes 2,647, , ,658, ,177, ,485, ,485, (Gain) Loss on Sale of Assets (8,064,834.10) (1,076,758.06) (9,141,592.16) 0.00 (9,141,592.16) Asset Impairment ,414, ,762, ,176, ,176, PowerPlant WBS Posting Cost Elements , , , Other Income - Net (738,280,375.80) (123,901.99) 0.00 (4,600,287.87) (161,464,894.72) (458,363.42) (904,927,823.80) 866,747, (38,179,844.52) Interest & Dividend Income (227,387.43) (123,901.99) 0.00 (4,597,318.82) (120,476,863.04) (244,246.63) (125,669,717.91) 4,597, (121,072,399.09) AFUDC - Equity (86,934,206.09) 0.00 (86,934,206.09) 0.00 (86,934,206.09) Interest & Dividend Income (227,387.43) (123,901.99) 0.00 (4,597,318.82) (33,542,656.95) (244,246.63) (38,735,511.82) 4,597, (34,138,193.00) Equity in Income & Dividends on Preference Stock (738,052,988.37) , (737,221,329.37) 862,150, ,929, Equity in Income from Partnerships & Unconsolidated Subs (862,150,660.46) , (861,319,001.46) 862,150, , Dividends on Pref & Preference Stock Not Mandatory Redemptio 124,097, ,097, ,097, Other Nonoperating Income (2,969.05) (51,370,669.89) (574,196.50) (51,947,835.44) 0.00 (51,947,835.44) Other Nonoperating Income (2,969.05) (51,370,669.89) (574,196.50) (51,947,835.44) 0.00 (51,947,835.44) Other Nonoperating Deductions ,382, (471,579.29) 9,911, ,911, Impairment Loss on Equity Method Investment Other Nonoperating Deductions ,382, (471,579.29) 9,911, ,911, Fixed Charges 51,043, , ,954, ,839, ,927, (4,597,318.82) 638,330, Total Interest on Long Term Debt 36,842, ,124, ,274, ,242, (4,597,318.82) 523,645, Interest on Long Term Debt 36,842, ,235, ,274, ,353, (4,597,318.82) 523,755, Capitalized Interest (110,816.24) 0.00 (110,816.24) 0.00 (110,816.24) Amortization 3,012, ,737, ,749, ,749, Interest on Short Term Debt 7,033, ,440, , ,611, ,611, Total Other Interest Expense 4,153, , ,321, , ,993, ,993, Other Interest Expense 4,153, , ,321, , ,993, ,993, AFUDC - Borrowed (27,669,237.44) 0.00 (27,669,237.44) 0.00 (27,669,237.44) Provision for Income Taxes 81,536, (1,829,987.00) ,641, (30,459,721.66) (14,595,710.28) 281,292, ,292, Minority Interest (21,085,000.00) (21,085,000.00) 0.00 (21,085,000.00) 64

68 NONCONSOLIDATED SUBSIDIARIES 65

69 Q.II.G.7.b. A.II.G.7.b. The balance sheets and income statements of the nonconsolidated subsidiaries of the controlling corporation (unless legally precluded from providing them); Edison International presently has no nonconsolidated subsidiaries, with the exception of the following: Edison Mission Energy, an indirectly wholly owned subsidiary of Edison International, has a non-controlling interest in Capistrano Wind Partners, which is accounted for at fair value. Edison Energy Group, a wholly owned subsidiary of Edison International, holds a vested 16% interest in Enbala Power Networks Inc., a privately owned company, through preferred stock ownership. Edison Energy Group, a wholly owned subsidiary of Edison International, holds a less than 5% interest in Proterra Inc. 66

70 PERIODIC SEC REPORTS 67

71 EXEMPTION STATEMENT ON SECURITIES AND EXCHANGE COMMISSION FORMS For, Edison International and Southern California Edison filed with the Securities and Exchange Commission the required disclosure documents. Due to the significant volume of such, these documents can be accessed on the following Internet addresses. Edison International Securities and Exchange Commission Filings n=getcompany Southern California Edison Securities and Exchange Commission Filings n=getcompany Edison International and Southern California Edison Annual Report and the Joint Proxy Statement may also be found on the EIX website: 68

72 PROPORTIONATE SHARE REPORT 69

73 CPUC Decision # Ordering Paragraph #1 Condition #13 Southern California Edison Company Proportionate Share of Edison International's 1) Total Assets, 2) Total Operating Revenue, 3) Operating and Maintenance Expenses, and 4) Number of Employees For Twelve Months Ended Dec 31, (000) (1) (2) (3) (4) Total % of Operating % of Operating % of Number of % of Assets Assets Revenue Revenue Expenses Expenses Employees Employees SOUTHERN CALIFORNIA EDISON $51,514, % $12,293, % $5,875, % 12, % NON-UTILITY AFFILIATES 535, % $68, % $134, % % EDISON INTERNATIONAL 531, % % $40, % % EDISON INTERNATIONAL (CONSOLIDATED) $52,581, % $12,362, % $6,051, % 12, % 70

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