(U 338-E) 2018 General Rate Case A Workpapers. RO- Property Taxes SCE-09 Volume 02, Chapter III, Book B

Transcription

1 (U 338-E) 2018 General Rate Case A Workpapers RO- Property Taxes SCE-09 Volume 02, Chapter III, Book B September 2016

2 2018 General Rate Case Application INDEX OF WORKPAPERS SCE-09, Vol. 02, Chapter III, Book A DOCUMENT PAGE(S) Summary of Taxes 2 A 1 Summary of Taxes on Income 3 A 2 Computation of Current Federal Income Tax Expense 4 A 3A Computation of Current California Franchise Tax Expense 5 A 3B Computation of Current Other State Income Tax Expense 6 A 4 Federal Schedule M Items 7 A 5 State Schedule M Items 8 A 6 Uniform Capitalization 9 A 7 Contributions In Aid of Construction 10 M-1 Descriptions 14 Preferred Dividend Deduction 27 Section 199 Manufacture Deduction 28 AFUDC Debt 29 IRC Section 263(A) 30 Uniform Capitalization 31 Mixed Service Costs 32 Vacation Accrual 33 Non-deductible Meals & Entertainment 34 Composite Tax Rate 35 State Apportionment 36 CIAC Lead 37 Deferred Revenue Amortization 38 ITCC Collected 45 Deferred Revenue Liability 46 ITCC Depreciation Rates 47 SCE Composite Labor and Non-Labor O&M Escalation Indexes 49 Illustration of Flow-Through and Normalization Assumptions 124 A 7-1 Summary of Tax Depreciation & Deferred Income Taxes (OUTPUT A) 135 A 7-2 Ending Accumulated Deferred Income Taxes (ADIT) & Pro-Rated Weighted Average ADIT (OUTPUT B) 140 A 7-3 Ending ADIT & Pro-Rated Weighted Average ADIT Federal & State (ADIT) 142 A 7-4 Normalized Book & Tax Basis/ADIT Federal (DIT Federal) 147 A 7-5 Normalized Book & Tax Basis/ADIT State (DIT State) 151 A 8 Federal Alternative Minimum Tax Computation (1 of 2) 11 A 8 California Alternative Minimum Tax Computation (2 of 2) 12 A 9 Accrued Vacation Pay 13 A 10 Tax Output Data 17 A 10-1 Book Basis Activity Federal Normalized & Flow Through (Book Basis Activity - Federal) 155 A 10-2 Book Basis Activity State Normalized & Flow Through (Book Basis Activity - State) 174 A 10-3 Tax Basis Activity Federal Normalized & Flow Through (Tax Basis Activity - Federal) 193 A 10-4 Tax Basis Activity State Normalized & Flow Through (Tax Basis Activity - State) 211 A 11 FERC Tax Allocation Method 18 A 11-1 Total Federal Tax Depreciation Normalized & Flow Through (Total Federal Tax Deprecation) 229 A 11-2 Tax Depreciation on Additions Federal; Normalized & Flow Through (Tax Depr Federal Additions) 235 A 11-3 Federal Bonus Depreciation (Bonus Depreciation) 237 A 12 Net Present Value Calculation of SCE 76 from 2015 GRC 19 A 12 Tax Depreciation Rates Federal & State (Tax Depr Rates) 240 A 12-1 Total State Tax Depreciation Normalized & Flow Through (Total State Tax Deprecation) 241 A 12-2 Tax Depreciation on Additions State; Normalized & Flow Through (Tax Depr State Additions) 247 A 13-1 Tax Capital Additions Federal (Tax Capital Additions Federal) 249 A 13-2 Tax Capital Additions State; Normalized & Flow Through (Tax Capital Additions State) 253 A 13-3 Book Capital Additions Federal; Normalized & Flow Through (Book Capital Additions Federal) 260 A 13-4 Book Capital Additions State; Normalized & Flow Through (Book Capital Additions State) 266 A 13-5 Basis Adjustments Normalized & Flow Through (Basis Adjustments) 272

3 DOCUMENT 2018 General Rate Case Application INDEX OF WORKPAPERS SCE-09, Vol. 02, Chapter III, Book A PAGE(S) A 14-1 Nuclear Fuel Palo Verde (Nuclear Fuel PV) 284 A 14-2 Tax Net Operating Loss Deferred Tax Asset Adjustment (NOL DTA) 285 A 15-1 Tax Cost of Removal (Normalized & Flow Through) (TAX COR) 287 A 15-2 Tax Repairs Eligible Percentage (Tax Repairs) 289 A 15-3 Tax Repairs Deduction and Gross Eligible Repairs Additions (INPUT ALL BOOK) 293 A 15-4 Book Retirements Normalized & Flow Through Split (BOOK RETIREMENTS) 294 A 16 Tax ONLY Originating Basis Adjustments (INPUT ALL TAX) 295 A 17-1 Book Historical Federal Normalized and Flow Through (Book Historical Federal) 296 A 17-2 Book Historical State Normalized and Flow Through (Book Historical State) 297 A 17-3 Tax Historical Federal Normalized and Flow Through (Tax Historical Federal) 298 A 17-4 Tax Historical State Normalized and Flow Through (Tax Historical State) 301 A 18 PLP Historical Pre 2015 (PLP Historical) 304 A 19-1 ITC/R&D Credits Summary & Limitation (ITC) 306 A 19-2 ITC Historical Rollforward (ITC Historical) 309 Master Data Request Responses and Support for MDR 16 A 20-1 MDR-16: XVI.01 - Total Federal Tax Depreciation 313 A 20-2 MDR-16: XVI.01 - Total State Tax Depreciation 314 A 20-3 MDR-16: XVI.03 - Tax Cost of Removal (COR) Deduction 315 A 20-4 MDR-16: XVI.03 - Tax Repairs Deduction 315 A 20-5 MDR-16: XVI.05a - Federal Deferred Tax 316 A 20-6 MDR-16: XVI.05b - Investment Tax Credit (ITC) Summary 318 A 20-7 MDR-16: XVI.05b - Investment Tax Credit (ITC) Detail by Year 319 A 20-8 MDR-16: XVI.07a - Federal Tax Depreciation on Pre-1981 Vintage 321 A 20-9 MDR-16: XVI.07b - Book Depreciation on Existing Assets Post 1980 Vintages 321 A MDR-16: XVI.08 a-b - Deferred Tax Information on Historical Plant 322 A MDR-16: XVI.08c - Deferred Investment Tax Credit 323 A MDR-16: XVI.09 - Federal Book to Tax Adjustments Summary 324 A MDR-16: XVI.09 - Federal Book to Tax Adjustments Detail by Year 326 A MDR-16: XVI.10 - State/CA Tax Depreciation Rates 331 A MDR-16: XVI.11 - State Tax Depreciation on Recorded Plant 332 A 7-4 & 7-5 MDR-16: XVI.12 - Book Average Service Life 147,151 A MDR-16: XVI.09 - State Book to Tax Adjustments Summary 325 A MDR-16: XVI.09 - State Book to Tax Adjustments Detail by Year 326 A 21 Interest Deduction 26 B 1 Summary of Other Taxes 333 B 2 Federal Insurance Contributions Act Taxes 334 B 3 Federal Unemployment Tax Act Taxes 335 B 4 State Unemployment Insurance Taxes 336 B 5 California Employment Training Taxes 337 B 6 Miscellaneous Taxes 338 Wage Adjustment Percentage 339 Employee Factor 340 B Summary of Wage Base Limitation & Employee Count 341 B Federal Insurance Contributions Act Taxes 342 B Federal Unemployment Tax Act Taxes 343 B State Unemployment Insurance Taxes 344 B California Employment Training Taxes 345 Wage Limit 346 Computation of Miscellaneous Taxes 366 SCE Composite Labor and Non-Labor O&M Escalation Indexes 367

4 DOCUMENT 2018 General Rate Case Index of Workpapers SCE-09, Vol. 02, Chapter III, Book B PAGE(S) Property Taxes California Summary 2 Arizona Summary 3 Nevada Summary 4-6 Washington D.C. Summary 7 Ad Valorem Tax Data (Calendar Years ) 8 Ad Valorem Tax Data Calendar Year Ad Valorem Tax Data (FY Recorded) 10 Ad Valorem Tax Data (FY ) 11 Ad Valorem Tax Data (FY ) 12 Ad Valorem Tax Data (FY ) 13 Ad Valorem Tax Data (FY ) 14 Ad Valorem Tax Data (FY ) 15 California Notice of Unitary Assessed Value (2015) 16 California 2015 BOE Staff Indicator Workpapers 17 California Property Tax Accrual (FY ) 18 California Notice of Unitary Assessed Value (2016) 19 California 2016 BOE Staff Indicator Workpapers 20 California Notice of Escaped/Excessive Assessment 21 California Property Tax Accrual (FY ) 22 California Property Tax Rates (FY thru ) Projected Non-Taxable Plant Property Tax Rate Forecast 35 Construction Work In Progress 36 Deferred Income Taxes 37 Notice of Value (Arizona thru 17-18) Arizona Property Tax Accrual (FY ) 44 Arizona Legislative Guidance (ARS & ) Arizona Property Tax Rates (FY thru ) Arizona Dept. of Revenue 35 Year Life Valuation Table 52 Projected Marshall Swift Cost Indices ( ) 53 Nevada Property Tax Rates Non-Mohave (FY thru ) Nevada Net Investment Nevada Legislative Guidance (NRS ) 64 Nevada Property Tax Rates Mohave (FY thru ) Washington D.C. Property Tax Rate (2013) 70

5 Workpaper Southern California Edison / 2018 GRC 1 SCE-09, Volume 02, Results of Operations Plant, Taxes, Depreciation Expense and Reserve, & Rate Base Chapter III: Taxes Property Taxes Witness: David Lee

6 2 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) CALIFORNIA ASSESSED VALUE OF TAXABLE PLANT CALENDAR YEAR EXPENSE AD VALOREM LINE AND LIEN % OF TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR HCLD HCLD AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) P.35 P.18 P.9 P.9 P.9 P.9 P $23,247, % $22,079, % $283,008 $132,338 $141,504 $273,842 $20,841 $253,001 $8,191 P.35 P.11 P.11 P.11 P.11 P.11 P ,416, % 22,627, % 291, , , ,253 19, ,111 6, ,982, % 24,141, % 313, , , ,409 14, ,134 13, ,702, % 25,803, % 337, , , ,348 13, ,757 10, ,797, % 27,827, % 366, , , ,950 16, ,072 12, ,003, % 29,959, % 397, , , ,004 20, ,749 13,880 exp_pt_property_tax.xlsb All States

7 Workpaper Southern California Edison / 2018 GRC 3 SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) ARIZONA ASSESSED VALUE OF TAXABLE PLANT CALENDAR YEAR EXPENSE FULL AD VALOREM LINE AND LIEN CASH % OF TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR VALUE FCV AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) P.35 P.18 P.9 P.9 P.9 P.9 P $738, % $136, % $9,250 $4,759 $4,625 $9,384 $43 $9,341 ($134) P.35 P.11 P.11 P.11 P.11 P.11 P , % 131, % 9,789 4,625 4,895 9, , , % 125, % 10,017 4,894 5,009 9, , , % 115, % 9,795 5,008 4,898 9, ,796 (185) , % 112, % 10,188 4,897 5,095 9, , , % 110, % 10,638 5,093 5,320 10, , exp_pt_property_tax.xlsb All States

8 4 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) NEVADA - STATE ASSESSMENT ASSESSED VALUE OF UNITARY PROPERTY CALENDAR YEAR EXPENSE % OF AD VALOREM LINE AND LIEN MARKET MARKET TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR VALUE VALUE AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) P.35 P.18 P.9 P.9 P.9 P.9 P $57,583 35% $20, % $594 $595 $940 $1,535 $976 $559 $159 P.35 P.11 P.11 P.11 P.11 P.11 P ,600 35% 56, % 1, , ,524 35% 54, % 1, , ,031 35% 17, % (324) ,500 35% 25, % ,548 35% 51, % 1, exp_pt_property_tax.xlsb All States

9 Workpaper Southern California Edison / 2018 GRC 5 SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) NEVADA - COUNTY ASSESSMENT (MOHAVE) ASSESSED VALUE OF UNITARY PROPERTY CALENDAR YEAR EXPENSE % OF AD VALOREM LINE AND LIEN MARKET MARKET TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR VALUE VALUE AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) P.35 P.18 P.9 P.9 P.9 P.9 P $5,534 35% $1, % $65 $27 $32 $59 $0 $59 $5 P.35 P.11 P.11 P.11 P.11 P.11 P ,315 35% 1, % (1) ,315 35% 1, % ,315 35% 1, % ,315 35% 1, % ,315 35% 1, % exp_pt_property_tax.xlsb All States

10 6 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) NEVADA - TOTAL ASSESSED VALUE OF UNITARY PROPERTY CALENDAR YEAR EXPENSE % OF AD VALOREM LINE AND LIEN MARKET MARKET TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR VALUE VALUE AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) $63,117 35% $22,091 N/A $659 $622 $972 $1,594 $976 $618 $ ,915 35% 58,420 N/A 1, , ,839 35% 55,943 N/A 1, , ,346 35% 19,721 N/A , (324) ,815 35% 27,585 N/A ,863 35% 53,852 N/A 1, , exp_pt_property_tax.xlsb All States

11 Workpaper Southern California Edison / 2018 GRC 7 SOUTHERN CALIFORNIA EDISON COMPANY DERIVATION OF PROPERTY TAXES (THOUSANDS OF DOLLARS) WASHINGTON D. C. ASSESSED VALUE OF UNITARY PROPERTY CALENDAR YEAR EXPENSE FULL AD VALOREM LINE AND LIEN CASH % OF TAX AMOUNT PREVIOUS CURRENT CAPITALIZED TAX LIEN DATE NO. DATE YEAR TAX YEAR VALUE FCV AMOUNT RATE OF TAX YEAR YEAR TOTAL TAXES EXPENSE ADJUSTMENT (1) (2) (3) (4) (5) (8) (9) (10) (11) (12) (13) (14) (15) $0 100% $ % $0 $0 $0 $0 $0 $0 $ % % % % % % % % % % exp_pt_property_tax.xlsb All States

12 8 Workpaper Southern California Edison / 2018 GRC Southern California Edison Ad Valorem Tax Data (Thousands Of Dollars) CALENDAR YEAR EXPENSE: /2 PRIOR YEAR P.9 $127,367 P.11 $135,593 P.12 $142,789 P.13 $156,145 P.14 $166,156 P.15 $179,196 1/2 CURRENT YEAR 135, , , , , ,398 TOTAL 262, , , , , ,594 CAPITAL: 1/2 PRIOR YEAR 10,352 11,508 8,647 6,271 7,694 9,520 1/2 CURRENT YEAR 11,508 8,649 6,272 7,695 9,523 11,359 TOTAL 21,860 20,157 14,919 13,966 17,217 20,879 TOTAL TAX: 1/2 PRIOR YEAR 137, , , , , ,716 1/2 CURRENT YEAR 147, , , , , ,757 TOTAL $284,820 $298,540 $313,855 $336,270 $362,570 $393,473 AD VALOREM LIEN DATE ADJUSTMENT $8,226 $7,196 $13,356 $10,011 $13,040 $14,200 EXPENSE BY STATE: CALIFORNIA $253,001 $268,111 $288,134 $311,757 $335,072 $361,749 ARIZONA 9,341 9,484 9,869 9,796 9,834 10,294 NEVADA WASHINGTON D. C TOTAL EXPENSE $262,960 $278,383 $298,936 $322,304 $345,353 $372,594 CAPITAL BY STATE: CALIFORNIA $20,841 $19,142 $14,275 $13,591 $16,878 $20,255 ARIZONA NEVADA WASHINGTON D. C TOTAL EXPENSE $21,860 $20,157 $14,919 $13,966 $17,217 $20,879 TOTAL BY STATE: CALIFORNIA $273,842 $287,253 $302,409 $325,348 $351,950 $382,004 ARIZONA 9,384 9,520 9,903 9,906 9,992 10,413 NEVADA 1,594 1,767 1,543 1, ,056 WASHINGTON D. C TOTAL EXPENSE $284,820 $298,540 $313,855 $336,270 $362,570 $393,473 exp_pt_property_tax.xlsb Summary

13 Workpaper Southern California Edison / 2018 GRC 9 Southern California Edison Ad Valorem Tax Data (Thousands Of Dollars) CALENDAR YEAR 2015 NEVADA CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D.C. TOTAL EXPENSE: 1/2 PRIOR YEAR $122,405 $4,735 $200 $27 $0 $127,367 P.8 1/2 CURRENT YEAR 130,596 4, ,593 TOTAL 253,001 9, ,960 CAPITAL: 1/2 PRIOR YEAR 9, ,352 1/2 CURRENT YEAR 10, ,508 TOTAL 20, ,860 TOTAL TAX: 1/2 PRIOR YEAR 132,338 4, ,719 1/2 CURRENT YEAR 141,504 4, ,101 TOTAL $273,842 $9,384 $1,535 $59 $0 $284,820 P.2-7 Page 1 of 1 exp_pt_property_tax.xlsb Calendar 2015

14 10 Workpaper Southern California Edison / 2018 GRC Southern California Edison Ad Valorem Tax Data (Thousands Of Dollars) FISCAL YEAR RECORDED NEVADA CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D.C. TOTAL EXPENSE: P.9 FIRST HALF $130,596 $4,606 $359 $32 $0 $135,593 SECOND HALF 130,596 4, ,593 TOTAL 261,192 9, ,186 CAPITAL: FIRST HALF 10, ,508 SECOND HALF 10, ,508 TOTAL 21, , ,016 TOTAL TAX: FIRST HALF 141,504 4, ,101 SECOND HALF 141,504 4, ,101 TOTAL $283,008 $9,250 $1,880 $64 $0 $294,202 Page 1 of 1 exp_pt_property_tax.xlsb Recorded

15 Workpaper Southern California Edison / 2018 GRC 11 Southern California Edison Ad Valorem Tax Data (Thousands of Dollars) FISCAL YEAR NEVADA SONGS SONGS SONGS CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D. C. PEAKERS PEAKERS USED & USEFUL RETIRED SGRP PLIP 12/15 12/14 12/14 12/15 12/15 TOTAL 12/08 12/15 12/15 12/15 12/15 12/15 ELECTRIC PLANT IN SERVICE P.22 $35,880,436 P $729,425 P.61 $130,381 P.61 $5,315 P.70 $282 $36,745,839 $261,367 $396,592 $716,736 CONSTRUCTION WORK IN PROGRESS 3,103,656 2,467 87,713 3,193, ,174 PLANT HELD FOR FUTURE USE 16,262 16,262 NUCLEAR FUEL FUEL STOCK 4,379 4,379 MATERIALS & SUPPLIES 14, ,359 AUDIT ADJUSTMENT 518, ,225 POSSESSORY INTEREST 592, ,514 NON TAXABLE CWIP (1,780,775) (1,780,775) 0 (568) (59,198) OTHER NON-TAXABLE PROPERTY (554,519) (225) (554,744) OTHER TAXABLE LAND 47,546 47,546 LEASED EQUIPMENT 29,170 29,170 TAXABLE HISTORICAL COST 37,871, , ,094 5, ,826, , , ,712 DEPRECIATION RESERVE (10,024,129) P.61 (49,628) (64) (10,073,821) (13,446) (104,737) 149,743 DEFERRED INCOME TAX (4,430,973) (4,430,973) 0 (89,274) TAXABLE HCLD 23,416, , ,466 5, ,321, , , ,181 MARKET VALUE RATIO 96.63% P % 95.92% % % 96.63% 96.63% 96.63% 96.63% 96.63% 96.63% MARKET VALUE 22,627, , ,600 5, ,926, , , ,541 ASSESSMENT RATIO % % 35.00% 35.00% % % % % % % % ASSESSMENT -UNITARY 22,627, ,741 56,560 1, ,818, , , ,541 TAX RATE % P % P % P % P % % % % % % % TOTAL TAX $291,498 $9,789 $1,526 $62 $0 $302,875 $3,086 $3,638 $0 $0 $0 $10,223 SUMMARY: EXPENSE $275,030 $9,756 $731 $62 $0 $285,579 $3,086 $3,633 $0 $0 $0 9,676 CAPITAL 16, , TOTAL TAX $291,498 $9,789 $1,526 $62 $0 $302,875 $3,086 $3,638 $0 $0 $0 $10,223 EXPENSE CALENDAR YEAR /2 PRIOR YEAR $130,596 P.2 $4,606 P.3 $359 P.4 $32 P.5 $0 P.7 $135,593 $1,543 $0 $0 $0 $0 1/2 CURRENT YEAR 137,515 4, ,790 1, ,838 TOTAL EXPENSE 268,111 9, ,383 3, ,838 CAPITAL: 1/2 PRIOR YEAR 10, ,508 0 $0 $0 $0 0 1/2 CURRENT YEAR 8, , TOTAL 19, , TOTAL TAX: 1/2 PRIOR YEAR 141,504 4, ,101 1, /2 CURRENT YEAR 145,749 4, ,439 1, ,112 TOTAL $287,253 $9,520 $1,704 $63 $0 $298,540 $3,363 $0 $0 $0 $5,112 AD VALOREM LIEN DATE ADJUSTMENT $6,919 $272 $6 ($1) $0 $7,196 $273 $0 $0 $0 $4,838 Page 1 of 1 exp_pt_property_tax.xlsb

16 12 Workpaper Southern California Edison / 2018 GRC Southern California Edison Ad Valorem Tax Data (Thousands of Dollars) SONGS SONGS SONGS CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D. C. PEAKERS USED & USEFUL RETIRED SGRP PLIP 12/16 12/15 12/15 12/16 12/16 TOTAL 12/16 12/16 12/16 12/16 12/16 P P.63 FISCAL YEAR NEVADA ELECTRIC PLANT IN SERVICE $40,833,395 $695,771 $258,684 $5,315 $229 $41,793,394 $404,566 $973,153 CONSTRUCTION WORK IN PROGRESS 2,259,933 2,511 47,681 2,310, ,836 PLANT HELD FOR FUTURE USE 16,262 16,262 NUCLEAR FUEL FUEL STOCK 4,379 4,379 MATERIALS & SUPPLIES 14, ,359 EMISSION REDUCTION CREDITS 0 POSSESSORY INTEREST 592, ,514 NON TAXABLE CWIP (1,296,675) (1,296,675) (212) (74,496) OTHER NON-TAXABLE PROPERTY (380,316) (225) (380,541) OTHER TAXABLE LAND 47,546 47,546 LEASED EQUIPMENT 29,170 29,170 TAXABLE HISTORICAL COST 42,120, , ,365 5, ,130, , ,028,494 P.63 DEPRECIATION RESERVE (12,002,766) (145,276) (115) (12,148,157) (115,755) 283,816 DEFERRED INCOME TAX (5,135,555) (5,135,555) (100,222) TAXABLE HCLD 24,982, , ,089 5, ,846, , ,212,088 MARKET VALUE RATIO 96.63% 18.00% 95.92% % % 96.63% 96.63% 96.63% 96.63% 96.63% MARKET VALUE 24,141, , ,524 5, ,426, , ,171,290 ASSESSMENT RATIO % % 35.00% 35.00% % % % % % % ASSESSMENT -UNITARY 24,141, ,691 54,083 1, ,323, , ,171,290 TAX RATE % % % % % % % % % % TOTAL TAX $313,318 $10,017 $1,438 $62 $0 $324,835 $3,626 $0 $0 $0 $15,202 SUMMARY: EXPENSE $301,237 $9,981 $1,012 $62 $0 $312,292 $3,622 $0 $0 $0 $14,508 CAPITAL 12, , TOTAL TAX $313,318 $10,017 $1,438 $62 $0 $324,835 $3,626 $0 $0 $0 $15,202 CALENDAR YEAR 2017 EXPENSE BY STATE: 1/2 PRIOR YEAR $137,515 $4,878 $365 $31 $0 $142,789 $1,816 $0 $0 $0 $4,838 1/2 CURRENT YEAR 150,619 4, ,147 1, ,254 TOTAL EXPENSE 288,134 9, ,936 3, ,092 P.8 CAPITAL: 1/2 PRIOR YEAR 8, , /2 CURRENT YEAR 6, , TOTAL 14, , P.8 TOTAL TAX: 1/2 PRIOR YEAR 145,749 4, ,436 1, ,111 1/2 CURRENT YEAR 156,660 5, ,419 1, ,601 TOTAL $302,409 $9,903 $1,481 $62 $0 $313,855 $3,631 $0 $0 $0 $12,712 P.8 AD VALOREM LIEN DATE ADJUSTMENT $13,103 $112 $141 $0 $0 $13,356 ($5) $0 $0 $0 $2,416 Page 1 of 1 exp_pt_property_tax.xlsb

17 Workpaper Southern California Edison / 2018 GRC 13 Southern California Edison Ad Valorem Tax Data (Thousands of Dollars) SONGS SONGS SONGS FISCAL YEAR NEVADA CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D. C. PEAKERS USED & USEFUL RETIRED SGRP PLIP 12/17 12/16 12/16 12/17 12/17 TOTAL 12/17 12/17 12/17 12/17 12/17 ELECTRIC PLANT IN SERVICE $43,022,950 $1,970,111 $42,757 $5,315 $229 $45,041,362 $405,283 $1,235,203 CONSTRUCTION WORK IN PROGRESS 2,804,336 12,002 11,674 2,828, ,069 PLANT HELD FOR FUTURE USE 16,262 16,262 NUCLEAR FUEL FUEL STOCK 4,379 4,379 MATERIALS & SUPPLIES 14, ,359 EMISSION REDUCTION CREDITS 0 POSSESSORY INTEREST 592, ,514 NON TAXABLE CWIP (1,609,035) (1,609,035) (127) (68,318) OTHER NON-TAXABLE PROPERTY (390,605) (225) (390,830) OTHER TAXABLE LAND 47,546 47,546 LEASED EQUIPMENT 29,170 29,170 TAXABLE HISTORICAL COST 44,531,872 1,982,113 54,432 5, ,573, , ,285,954 DEPRECIATION RESERVE (12,429,998) (1,342,551) (1,233) (138) (13,773,920) (127,082) 319,045 DEFERRED INCOME TAX (5,399,303) (5,399,303) (110,402) TAXABLE HCLD 26,702, ,562 53,199 5, ,400, , ,494,597 MARKET VALUE RATIO 96.63% 18.00% 95.92% % % 96.63% 96.63% 96.63% 96.63% 96.63% MARKET VALUE 25,803, ,121 51,031 5, ,975, , ,444,291 ASSESSMENT RATIO % % 35.00% 35.00% % % % % % % ASSESSMENT -UNITARY 25,803, ,121 17,861 1, ,938, , ,444,291 TAX RATE % % % % % % % % % % TOTAL TAX $337,379 $9,795 $468 $62 $0 $347,704 $3,517 $0 $0 $0 $18,884 SUMMARY: EXPENSE $322,277 $9,611 $365 $62 $0 $332,315 $3,515 $0 $0 $0 $18,243 CAPITAL 15, , TOTAL TAX $337,379 $9,795 $468 $62 $0 $347,704 $3,517 $0 $0 $0 $18,884 CALENDAR YEAR 2018 EXPENSE BY STATE: 1/2 PRIOR YEAR $150,618 $4,990 $506 $31 $0 $156,145 $1,811 $0 $0 $0 $7,254 1/2 CURRENT YEAR 161,139 4, ,159 1, ,122 TOTAL EXPENSE 311,757 9, ,304 3, ,376 CAPITAL: 1/2 PRIOR YEAR 6, , /2 CURRENT YEAR 7, , TOTAL 13, , TOTAL TAX: 1/2 PRIOR YEAR 156,658 5, ,416 1, ,601 1/2 CURRENT YEAR 168,690 4, ,854 1, ,443 TOTAL $325,348 $9,906 $954 $62 $0 $336,270 $3,572 $0 $0 $0 $17,044 P.8 P.8 P.8 AD VALOREM LIEN DATE ADJUSTMENT $10,520 ($185) ($324) $0 $0 $10,011 ($54) $0 $0 $0 $1,867 exp_pt_property_tax.xlsb Page 1 of 1

18 14 Workpaper Southern California Edison / 2018 GRC Southern California Edison Ad Valorem Tax Data (Thousands of Dollars) SONGS SONGS SONGS FISCAL YEAR NEVADA CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D. C. PEAKERS USED & USEFUL RETIRED SGRP PLIP 12/18 12/17 12/17 12/18 12/18 TOTAL 12/18 12/18 12/18 12/18 12/18 ELECTRIC PLANT IN SERVICE $45,778,613 $2,001,445 $49,056 $5,315 $229 $47,834,659 $408,643 $1,481,143 CONSTRUCTION WORK IN PROGRESS 3,438,278 8,022 29,786 3,476, ,459 PLANT HELD FOR FUTURE USE 16,262 16,262 NUCLEAR FUEL FUEL STOCK 4,379 4,379 MATERIALS & SUPPLIES 14, ,359 EMISSION REDUCTION CREDITS 0 POSSESSORY INTEREST 592, ,514 NON TAXABLE CWIP (1,972,770) (1,972,770) (6) (68,541) OTHER NON-TAXABLE PROPERTY (404,095) (225) (404,320) OTHER TAXABLE LAND 47,546 47,546 LEASED EQUIPMENT 29,170 29,170 TAXABLE HISTORICAL COST 47,544,252 2,009,468 78,843 5, ,637, , ,532,061 DEPRECIATION RESERVE (13,098,508) (1,383,821) (2,219) (160) (14,484,709) (138,523) 337,514 DEFERRED INCOME TAX (5,648,730) (5,648,730) (119,937) TAXABLE HCLD 28,797, ,647 76,623 5, ,504, , ,749,637 MARKET VALUE RATIO 96.63% 18.00% 95.92% % % 96.63% 96.63% 96.63% 96.63% 96.63% MARKET VALUE 27,827, ,616 73,500 5, ,019, , ,690,747 ASSESSMENT RATIO % % 35.00% 35.00% % % % % % % ASSESSMENT -UNITARY 27,827, ,616 25,725 1, ,967, , ,690,747 TAX RATE % % % % % % % % % % TOTAL TAX $366,521 $10,188 $665 $62 $0 $377,436 $3,438 $0 $0 $0 $22,269 SUMMARY: EXPENSE $347,868 $10,057 $406 $62 $0 $358,393 $3,438 $0 $0 $0 $21,621 CAPITAL 18, , TOTAL TAX $366,521 $10,188 $665 $62 $0 $377,436 $3,438 $0 $0 $0 $22,269 CALENDAR YEAR 2019 EXPENSE BY STATE: 1/2 PRIOR YEAR $161,138 $4,805 $182 $31 $0 $166,156 $1,757 $0 $0 $0 $9,121 1/2 CURRENT YEAR 173,934 5, ,197 1, ,811 TOTAL EXPENSE 335,072 9, ,353 3, ,932 CAPITAL: 1/2 PRIOR YEAR 7, , /2 CURRENT YEAR 9, , TOTAL 16, , TOTAL TAX: 1/2 PRIOR YEAR 168,689 4, ,850 1, ,441 1/2 CURRENT YEAR 183,261 5, ,720 1, ,135 TOTAL $351,950 $9,992 $566 $62 $0 $362,570 $3,477 $0 $0 $0 $20,576 P.8 P.8 P.8 AD VALOREM LIEN DATE ADJUSTMENT $12,796 $223 $21 $0 $0 $13,040 ($38) $0 $0 $0 $1,689 exp_pt_property_tax.xlsb Page 1 of 1

19 Workpaper Southern California Edison / 2018 GRC 15 Southern California Edison Ad Valorem Tax Data (Thousands of Dollars) SONGS SONGS SONGS FISCAL YEAR NEVADA CALIFORNIA ARIZONA NON-MOHAVE MOHAVE WASH. D. C. PEAKERS USED & USEFUL RETIRED SGRP PLIP 12/19 12/18 12/18 12/19 12/19 TOTAL 12/19 12/19 12/19 12/19 12/19 ELECTRIC PLANT IN SERVICE $48,728,740 $2,033,467 $68,881 $5,315 $229 $50,836,632 $411,597 1,731,485 CONSTRUCTION WORK IN PROGRESS 3,999,651 6,178 87,943 4,093, ,393 PLANT HELD FOR FUTURE USE 16,262 16,262 NUCLEAR FUEL FUEL STOCK 4,379 4,379 MATERIALS & SUPPLIES 14, ,359 EMISSION REDUCTION CREDITS 0 POSSESSORY INTEREST 592, ,514 NON TAXABLE CWIP (2,294,867) (2,294,867) (6) (71,373) OTHER NON-TAXABLE PROPERTY (422,762) 0 (225) (422,987) OTHER TAXABLE LAND 47,546 47,546 LEASED EQUIPMENT 29,170 29,170 TAXABLE HISTORICAL COST 50,714,987 2,039, ,824 5, ,916, , ,784,506 DEPRECIATION RESERVE (13,836,458) (1,423,121) (1,964) (183) (15,261,726) (150,100) 346,291 DEFERRED INCOME TAX (5,875,270) (5,875,270) (128,623) TAXABLE HCLD 31,003, , ,860 5, ,779, , ,002,174 MARKET VALUE RATIO 96.63% 18.00% 95.92% % % 96.63% 96.63% 96.63% 96.63% 96.63% MARKET VALUE 29,959, , ,548 5, ,224, , ,934,784 ASSESSMENT RATIO % % 35.00% 35.00% % % % % % % ASSESSMENT -UNITARY 29,959, ,974 51,992 1, ,124, , ,934,784 TAX RATE % % % % % % % % % % TOTAL TAX $397,486 $10,638 $1,324 $62 $0 $409,510 $3,353 $0 $0 $0 $25,669 SUMMARY: EXPENSE $375,629 $10,531 $572 $62 $0 $386,794 $3,353 $0 $0 $0 $24,989 CAPITAL 21, , TOTAL TAX $397,486 $10,638 $1,324 $62 $0 $409,510 $3,353 $0 $0 $0 $25,669 CALENDAR YEAR 2020 EXPENSE BY STATE: 1/2 PRIOR YEAR $173,934 $5,028 $203 $31 $0 $179,196 $1,719 $0 $0 $0 $10,810 1/2 CURRENT YEAR 187,815 5, ,398 1, ,495 TOTAL EXPENSE 361,749 10, ,594 3, ,305 CAPITAL: 1/2 PRIOR YEAR 9, , /2 CURRENT YEAR 10, , TOTAL 20, , TOTAL TAX: 1/2 PRIOR YEAR 183,260 5, ,716 1, ,134 1/2 CURRENT YEAR 198,744 5, ,757 1, ,835 TOTAL $382,004 $10,413 $994 $62 $0 $393,473 $3,396 $0 $0 $0 $23,969 P.8 P.8 P.8 AD VALOREM LIEN DATE ADJUSTMENT $13,880 $237 $83 $0 $0 $14,200 ($43) $0 $0 $0 $1,684 exp_pt_property_tax.xlsb Page 1 of 1

20 16 Workpaper Southern California Edison / 2018 GRC P.18

21 Workpaper Southern California Edison / 2018 GRC 17

22 18 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY 2015 ACTUAL - CALIFORNIA PROPERTY TAX ACCRUAL FISCAL YEAR SONGS Unit 2 SONGS Unit 3 Carrier SONGS Unit 2 SONGS Unit 3 Catalina Op. Mainland Op. Operating Operating Other Income Solutions Nuclear Fuel Nuclear Fuel Catalina Gas Catalina Water CWIP F F F F F F F F F F Total 103,662,100 $34,652,292,143 $634,846,614 $634,846,614 $6,091,750 $28,371,065 $36,060,110,287 Plant CWIP 1,826,823,630 1,826,823,630 Joint Pole 141, ,300 Plant Held for Future Use 16,261,747 16,261,747 Completed Const. Not Classified 3,339,246,037 3,339,246,037 Materials and Supplies 0 0 Fuel 6,767,141 6,767,141 Nuclear Fuel 126,758,565 63,379,282 63,379,282 Nuclear Fuel Carrying Costs 0 Embedded Software (Plant) (626,167,781) (626,167,781) Emission Reduction Credits 0 0 Unitary Classified as Non-Unitary (3,215,116) (3,215,116) Possessory Interests 564,478, ,478,694 Leased Equipment 28,996,188 28,996,188 Other Land Assessed as Unitary 34,006,060 34,006,060 SONGS 1 637,862, ,862,993 Depreciation Reserve (29,451,423) (14,751,135,093) (2,088,482) (10,433,792) (14,793,108,791) Deferred Income Taxes (3,935,053,699) (3,935,053,699) Unitary Cost Indicator 1,826,823,630 74,210,677 19,964,480, ,846, ,846, ,379,282 63,379,282 4,003,268 17,937,272 23,283,907,255 Market Value % of Cost % % % % % % % % % Unitary Market Value 1,708,821,271 69,417,092 18,674,889, ,839, ,839, ,285,343 59,285,343 3,744,679 16,778,627 21,779,900,003 Tax Rate % % % % % % % % % Unitary Property Tax 21,816, , ,424,366 8,749,590 8,749, , ,507 47, , ,635,549 Non-Unitary Market Value 102,617,981 83,700, ,317,981 Tax Rate % % Non-Unitary Property Tax 1,371,632 1,000,815 2,372,447 Total Property Taxes $21,816,709 $886,256 $238,424,366 $8,749,590 $8,749,590 $1,371,632 $1,000,815 $873,507 $873,507 $47,809 $214,215 $283,007,996 Expense $0 $886,256 $238,424,366 $8,749,590 $8,749,590 $1,371,632 $1,000,815 $873,507 $873,507 $47,809 $214, ,191,287 Capital 21,816, ,816,709 Total $21,816,709 $886,256 $238,424,366 $8,749,590 $8,749,590 $1,371,632 $1,000,815 $873,507 $873,507 $47,809 $214,215 $283,007,996 Monthly: Expense $0 $73,855 $19,868,697 $729,133 $729,133 $114,303 $83,401 $72,792 $72,792 $3,984 $17,851 $21,765,941 Capital 1,818, ,818,059 Total $1,818,059 $73,855 $19,868,697 $729,133 $729,133 $114,303 $83,401 $72,792 $72,792 $3,984 $17,851 $23,584,000 1,708,821,271 69,417,092 18,674,889, ,839, ,839,154 59,285,343 59,285,343 21,759,376,697 Cost Indicator $23,283,907,255 Adopted Assessed Value 21,779,900,000 Escaped Assessment 0 P.16 Total Unitary Assessed Value $21,779,900,000 Assessed Value to Cost Ratio % Tax Rate % Total Electric $36,025,647,473 SONGS OII (Reg Asset Bal 12/31/14) SONGS Plant & Nuc Fuel Gross Plant FY AV Unit 2 Unit 3 DFIT 1,396,451,794 Net DFIT 918,896, % 1,269,693, ,846, ,846,614 Nuc Fuel 91,737, % 126,758,565 63,379,282 63,379,282 Total 1,010,633,621 1,396,451, ,225, ,225,897 W:\Controllers\WKGROUPS\CapRec&PropVal\Glenn\Budget\2015\ Est\ Calif. Est.xlsx Sheet: 2015 Accrual-Actual ( )

23 Workpaper Southern California Edison / 2018 GRC 19 P.22

24 20 Workpaper Southern California Edison / 2018 GRC

25 Workpaper Southern California Edison / 2018 GRC 21 P.22

26 22 Workpaper Southern California Edison / 2018 GRC P.11 SOUTHERN CALIFORNIA EDISON COMPANY 2016 BUDGET - ESTIMATED CALIFORNIA PROPERTY TAX ACCRUAL FISCAL YEAR BUDGET SONGS Unit 2 SONGS Unit 3 Carrier SONGS Unit 2 SONGS Unit 3 Catalina Op. Mainland Op. Operating Operating Other Income Solutions Nuclear Fuel Nuclear Fuel Catalina Gas Catalina Water ADJ Total Electric GRC 2018 SONGS GRC 2018 F F F F F F F F F F CWIP Total 120,502,602 $35,759,793, $512,102,630 $512,102,630 $6,782,681 $31,233,649 $36,942,517,652 36,904,501,323 36,904,640,766 35,880,435,506 Plant (1,024,205,260) CWIP 1,322,880,685 1,322,880,685 1,322,880,685 1,322,880,685 Joint Pole 139, , ,443 Plant Held 16,261,747 16,261,747 16,261,747 for Future Use 16,261,747 Completed Const. Not Classified Included Above Materials and Supplies 14,355,294 14,355,294 14,355,294 14,355,294 Fuel 4,378,586 4,378,586 4,378,586 4,378,586 Nuclear Fuel 102,250, ,250, ,125,258 51,125,258 (102,250,517) Nuclear Fuel Carrying Costs Embedded Software (Plant) (554,518,627) (554,518,627) (554,518,627) (554,518,627) Emission Reduction Credits Unitary Classified as Non-Unitary (3,150,813) (3,150,813) (3,150,813) (3,150,813) Possessory Interests 592,513, ,513, ,513, ,513,519 Leased Equipment 29,170,339 29,170,339 29,170,339 29,170,339 Other Land Assessed as Unitary 34,000,000 34,000,000 34,000,000 34,000,000 Audit Adjustment 518,225, ,225, ,225, ,225,000 Depreciation Reserve (32,108,993) (9,992,020,412) (2,234,200) (20,126,262) (10,046,489,867) (10,046,489,867) (10,024,129,405) (10,024,129,405) Deferred Income Taxes (4,430,973,391) (4,430,973,391) (4,430,973,391) (4,430,973,391) (4,430,973,391) Unitary Cost Indicator 1,322,880,685 88,393,610 21,988,174, ,102, ,102, ,125,258 51,125,258 4,548,481 11,107,387 24,541,560,085 24,525,904,217 (1,126,455,777) 23,399,448,440 Market Value % of Cost % % % % % % % % % 16,696,677 16,696,677 24,542,600,894 23,416,145,118 Unitary Market Value 1,278,354,345 85,418,403 21,248,082, ,865, ,865, ,404,453 49,404,453 4,395,385 10,733,528 23,715,525,001 Tax Rate % % % % % % % % % Cat Gas&Wat Other Taxable Land 15,655,868 34,000,000 Unitary Property Tax 16,320,891 1,090, ,276,607 7,291,325 7,291, , ,922 56, , ,919,690 (3,150,813) 24,541,560,085 16,696,677 Non-Unitary Market Value 100,487,996 74,300, ,787,996 47,545,864 Tax Rate % % Non-Unitary Property Tax 1,343, ,418 2,231,579 Total Property Taxes $16,320,891 $1,090,546 $271,276,607 $7,291,325 $7,291,325 $1,343,161 $888,418 $727,922 $727,922 $56,116 $137,036 $307,151,269 Expense $0 $1,090,546 $271,276,607 $7,291,325 $7,291,325 $1,343,161 $888,418 $727,922 $727,922 $56,116 $137, ,830,378 Capital 16,320, ,320,891 Total $16,320,891 $1,090,546 $271,276,607 $7,291,325 $7,291,325 $1,343,161 $888,418 $727,922 $727,922 $56,116 $137,036 $307,151,269 Monthly: Expense $0 $90,879 $22,606,384 $607,610 $607,610 $111,930 $74,035 $60,660 $60,660 $4,676 $11,420 $24,235,864 Capital 1,360, ,360,074 Total $1,360,074 $90,879 $22,606,384 $607,610 $607,610 $111,930 $74,035 $60,660 $60,660 $4,676 $11,420 $25,595,938 1,278,354,345 85,418,403 21,248,082, ,865, ,865,961 49,404,453 49,404,453 23,700,396,088 Cost Indicator $24,541,560,085 Adopted Assessed Value 23,715,525,000 Escaped Assessment 0 P.19 + P.21 Total Unitary Assessed Value $23,715,525,000 P.11 Assessed Value to Cost Ratio % Tax Rate % Total Electric $42,271,476,221 SONGS ASSESSED VALUE (EST FY ) SONGS Plant & Nuc Fuel EST FY AV Unit 2 Unit 3 Reg Asset 12/31/14 1,126,455,777 Gross Plant net DFIT 918,896, % 1,024,205, ,102, ,102,630 Nuc Fuel 91,737, % 102,250,517 51,125,258 51,125,258 W:\Controllers\WKGROUPS\CapRec&PropVal\Glenn\Budget\2016\ Est\ Calif. Est.xlsx Total 1,010,633,621 1,126,455, ,227, ,227,888 Sheet: 2016 Forecast (GRC )

27 Workpaper Southern California Edison / 2018 GRC 23 SOUTHERN CALIFORNIA EDISON COMPANY CALIFORNIA PROPERTY TAX RATES CO. PROPERTY TAX PER COUNTY ASSESSED VALUE RATES NO. COUNTY UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY COMPOSITE 10 FRESNO $5,605, $66, $5,671, $444,496,829 $6,496,483 $450,993, % % % 13 IMPERIAL 22, NONE 22, ,588, ,588, % NONE % 14 INYO 1,036, , ,043, ,015, ,443 94,555, % % % 15 KERN 5,218, , ,705, ,650,798 35,322, ,973, % % % 16 KINGS 572, NONE 572, ,550, ,550, % NONE % 19 LOS ANGELES 59,839, ,554, ,393, ,057,394, ,310,654 5,366,705, % % % 20 MADERA 1,011, , ,013, ,813, ,300 89,015, % % % 25 MODOC NONE , , % NONE % 26 MONO 1,172, , ,213, ,113,483 3,892,660 77,006, % % % 30 ORANGE 27,825, , ,049, ,383,737,804 20,130,113 2,403,867, % % % 33 RIVERSIDE 23,137, , ,446, ,592,357,833 23,177,547 1,615,535, % % % 34 SACRAMENTO 4, NONE 4, , , % NONE % 36 SAN BERNARDINO 27,757, ,159, ,916, ,326,210, ,795,111 2,968,005, % % % 37 SAN DIEGO 29,326, NONE 29,326, ,248,422, ,248,422, % NONE % 38 SAN FRANCISCO 11, NONE 11, ,012, ,012, % NONE % 42 SANTA BARBARA 1,820, , ,836, ,591,325 1,518, ,110, % % % 54 TULARE 6,521, , ,716, ,354,725 14,995, ,350, % % % 55 TUOLUMNE 14, NONE 14, ,332, ,332, % NONE % 56 VENTURA 10,337, , ,362, ,518,850 1,692, ,210, % % % SUBTOTAL 201,235, ,086, ,322, ,139,491,166 1,059,073,308 17,198,564, % % % P.35 TAX BILLS NOT PREPARED 14 INYO Orange ,000 1,000 TOTAL $201,235, $13,086, $214,322, $16,139,491,166 $1,059,074,408 $17,198,565, % % % ACTUAL $212,897, $1,425, $214,322, $17,083,200,000 $115,365,574 $17,198,565, % % % W:\Controllers\WKGROUPS\CapRec&PropVal\Wendy\Prop. Tax Pmts\Batch Detail\California\Edison\Batch xls Sheet: Rates 8/22/2016

28 24 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY CALIFORNIA PROPERTY TAX RATES CO. PROPERTY TAX PER COUNTY ASSESSED VALUE RATES NO. COUNTY UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY COMPOSITE 10 FRESNO $5,484, $66, $5,550, $445,510,158 $6,438,029 $451,948, % % % 13 IMPERIAL 21, NONE 21, ,473, ,473, % NONE % 14 INYO 1,061, , ,068, ,524, ,443 94,064, % % % 15 KERN 5,651, , ,126, ,082,780 34,247, ,330, % % % 16 KINGS 532, NONE 532, ,010, ,010, % NONE % 19 LOS ANGELES 62,433, ,441, ,875, ,401,091, ,210,801 5,706,302, % % % 20 MADERA 1,030, , ,032, ,459, ,300 90,662, % % % 25 MODOC NONE , , % NONE % 26 MONO 1,517, , ,560, ,273,260 3,892,660 76,165, % % % 30 ORANGE 29,523, , ,544, ,530,323, ,183 2,531,149, % % % 33 RIVERSIDE 23,309, , ,532, ,596,213,121 15,881,386 1,612,094, % % % 34 SACRAMENTO 3, NONE 3, , , % NONE % 36 SAN BERNARDINO 29,925, ,990, ,916, ,488,258, ,910,172 3,111,168, % % % 37 SAN DIEGO 32,836, NONE 32,836, ,458,486, ,458,486, % NONE % 38 SAN FRANCISCO 7, NONE 7, , , % NONE % 42 SANTA BARBARA 3,046, , ,056, ,047, , ,962, % % % 54 TULARE 7,145, , ,336, ,069,604 14,538, ,607, % % % 55 TUOLUMNE 14, NONE 14, ,326, ,326, % NONE % 56 VENTURA 10,813, , ,837, ,316,865 1,692, ,008, % % % SUBTOTAL 214,360, ,493, ,854, ,219,375,708 1,007,293,477 18,226,669, % % % P.35 TAX BILLS NOT PREPARED 14 INYO Orange TOTAL $214,360, $12,493, $226,854, $17,219,375,708 $1,007,293,577 $18,226,669, % % % ACTUAL $225,560, $1,293, $226,854, $18,122,402,724 $104,266,561 $18,226,669, % % % W:\Controllers\WKGROUPS\CapRec&PropVal\Wendy\Prop. Tax Pmts\Batch Detail\California\Edison\Batch xls Sheet: Rates 8/22/2016

29 Workpaper Southern California Edison / 2018 GRC 25 SOUTHERN CALIFORNIA EDISON COMPANY CALIFORNIA PROPERTY TAX RATES CO. PROPERTY TAX PER COUNTY ASSESSED VALUE RATES NO. COUNTY UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY COMPOSITE 10 FRESNO $6,313, $65, $6,378, $508,785,541 $6,379,574 $515,165, % % % 13 IMPERIAL 23, NONE 23, ,663, ,663, % NONE % 14 INYO 1,219, , ,221, ,148,258 65, ,213, % % % 15 KERN 6,604, , ,060, ,168,719 33,172, ,340, % % % 16 KINGS 616, NONE 616, ,669, ,669, % NONE % 19 LOS ANGELES 71,025, ,348, ,374, ,049,748, ,512,311 6,343,261, % % % 20 MADERA 1,160, , ,163, ,962, , ,184, % % % 25 MODOC NONE , , % NONE % 26 MONO 1,645, , ,654, ,105, ,007 82,823, % % % 30 ORANGE 33,007, , ,031, ,790,581, ,183 2,791,407, % % % 33 RIVERSIDE 27,048, , ,265, ,850,238,028 15,478,665 1,865,716, % % % 34 SACRAMENTO 5, NONE 5, , , % NONE % 36 SAN BERNARDINO 33,286, ,894, ,180, ,793,241, ,025,236 3,397,266, % % % 37 SAN DIEGO 35,875, NONE 35,875, ,688,052, ,688,052, % NONE % 38 SAN FRANCISCO 9, NONE 9, , , % NONE % 42 SANTA BARBARA 3,445, , ,455, ,069, , ,984, % % % 54 TULARE 8,080, , ,262, ,495,119 14,087, ,582, % % % 55 TUOLUMNE 16, NONE 16, ,533, ,533, % NONE % 56 VENTURA 12,353, , ,378, ,114,353 1,692, ,806, % % % SUBTOTAL 241,738, ,233, ,971, ,310,794, ,094,373 20,281,888, % % % P.35 TAX BILLS NOT PREPARED 14 INYO Orange TOTAL $241,738, $12,233, $253,971, $19,310,794,569 $971,094,473 $20,281,889, % % % ACTUAL $252,682, $1,289, $253,971, $20,179,500,000 $102,389,042 $20,281,889, % % % W:\Controllers\WKGROUPS\CapRec&PropVal\Wendy\Prop. Tax Pmts\Batch Detail\California\Edison\Batch xls Sheet: Rates 8/22/2016

30 26 Workpaper Southern California Edison / 2018 GRC SOUTHERN CALIFORNIA EDISON COMPANY CALIFORNIA PROPERTY TAX RATES CO. PROPERTY TAX PER COUNTY ASSESSED VALUE RATES NO. COUNTY UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY TOTAL UNITARY NON-UNITARY COMPOSITE 10 FRESNO $6,816, $65, $6,882, $540,032,356 $6,328,995 $546,361, % % % 13 IMPERIAL 18, NONE 18, ,336, ,336, % NONE % 14 INYO 1,154, , ,155, ,408,747 65, ,474, % % % 15 KERN 4,357, ,820, ,177, ,509, ,624, ,134, % % % 16 KINGS 551, NONE 551, ,205, ,205, % NONE % 19 LOS ANGELES 63,517, ,856, ,374, ,548,631, ,016,171 6,242,647, % % % 20 MADERA 1,044, , ,046, ,739, ,300 91,962, % % % 25 MODOC NONE , , % NONE % 26 MONO 994, , ,004, ,405, ,007 77,123, % % % 30 ORANGE 31,282, , ,303, ,620,007, ,183 2,620,833, % % % 33 RIVERSIDE 26,897, ,108, ,005, ,745,068, ,017,290 2,727,085, % % % 34 SACRAMENTO 3, NONE 3, , , % NONE % 36 SAN BERNARDINO 43,781, , ,926, ,442,403,791 11,623,969 3,454,027, % % % 37 SAN DIEGO 23,082, NONE 23,082, ,587,999, ,587,999, % NONE % 38 SAN FRANCISCO 6, NONE 6, , , % NONE % 42 SANTA BARBARA 3,106, , ,116, ,129, , ,043, % % % 54 TULARE 7,533, , ,717, ,737,753 14,087, ,825, % % % 55 TUOLUMNE 13, NONE 13, ,284, ,284, % NONE % 56 VENTURA 11,521, , ,544, ,685,110 1,692, ,377, % % % SUBTOTAL 225,687, ,244, ,931, ,752,461,339 2,197,137,468 19,949,598, % % % P.35 TAX BILLS NOT PREPARED 14 INYO Orange TOTAL $225,687, $30,244, $255,931, $17,752,461,339 $2,197,137,568 $19,949,598, % % % ACTUAL $254,515, $1,415, $255,931, $19,846,741,000 $102,857,907 $19,949,598, % % % Subtotal w/o San Diego County 202,604, ,164,462, % Actual w/o San Diego County $231,433, $18,258,741, % W:\Controllers\WKGROUPS\CapRec&PropVal\Wendy\Prop. Tax Pmts\Batch Detail\California\Edison\Batch xls Sheet: Rates