Edison International (NYSE: EIX) today reported third quarter 2016 net income of $419 million, or $1.29 per share, compared to $421 million, or $1.29 per share, in the third quarter of 2015. There were no non-core items in the third quarter 2016 results. As adjusted, third quarter 2015 core earnings were $377 million or $1.16 per share. SCE's third quarter 2016 net income increased by $46 million, or $0.15 per share, from the third quarter 2015 primarily due to the timing of the implementation of the 2015 General Rate Case (GRC) proposed decision and incremental return on pole loading rate base, partially offset by higher income tax expense. SCE's 2015 earnings were impacted by the timing of the 2015 GRC decision. During 2015, SCE recorded revenue refunds to customers which totaled $451 million to reflect the final decision in the 2015 GRC. In the third quarter of 2015, SCE recorded a refund of $233 million as a result of receiving the proposed GRC decision, of which a total of $70 million ($41 million after-tax), or $0.13 per share, was attributable to the first six months of 2015. In addition, third quarter 2016 earnings included an increase in revenue of approximately $46 million ($27 million after-tax), or $0.08 per share, from the revenue escalation mechanism in the 2015 GRC decision. Edison International Parent and Other's third quarter 2016 losses from continuing operations increased by $5 million, or $0.02 per share, compared to third quarter 2015. The higher losses reflected higher operating and development costs and lower revenue and gross margin from the sale of solar systems at Edison Energy Group. Edison International Parent and Other's third quarter 2015 non-core items included income of $1 million related to losses (net of distributions) allocated to tax equity investors under the hypothetical liquidation at book value (HLBV) accounting method. Additionally, during the third quarter 2015, Edison International recorded $43 million, or $0.13 per share, of earnings from discontinued operations.