Slide 1: Second Quarter 2008 Financial Teleconference
Exhibit 99.2 Exhibit 8, Leading Second Financial August EDISON Quarter 99.2 the INTERNATIONAL® Teleconference 2008 Way2008 in Electricity SM
Slide 2: Forward-Looking Statements
Leading Forward-Looking Statements not differ International’s represent 1 purely EDISON materially the our historical, contained Way expectations 2007 from inStatements Electricity Form INTERNATIONAL®are in current this forward-looking 10-K only presentation expectations. SM as and ofother the date
Slide 3: Second Quarter Highlights
2 Leading Second Core Southern Benefit Lower Solid Homer Good Edison 1 and EDISON Seeother EPS Midwest Use EMMT operating City Mission Capital from Quarter See the California non-core up INTERNATIONAL® ofguidance Way forced Non-GAAP lower 8% trading Generation, earnings Key Group income to initems.
Slide 4: Second Quarter Earnings Summary
3 Leading Second GAAP Reported $0.29 $261 $93 Net Core1 ($ $0.79 $0.73 $262 $239 EPS 2Q 1 EDISON operations GAAP millions) 07 Income 2Q Quarter the earnings EPS 08 and Way INTERNATIONAL® other Earnings inper Electricity non-core share Summary refers items. SMto basic earnings per share. See slide 4
Slide 5: Second Quarter Reconciliation of Core Earnings and Variances
4 Leading Second SCE operating Midwest and Edison Gain maintenance EIX Taxes Non-Core EMG 2Q EDISON Reconciliation Non-core Total Basic Diluted Core infrastructure EMMT Higher Corporate Homer Lower extinguishment 1 2008 2 See 07: other lower parent (0.02) $on 0.04 EPS1 Earnings and Non-Core Use EPS
Slide 6: Midwest Generation Operating Performance
Leading Midwest Generation Operating Total Equivalent Capacity Load Forced All-in $14.74 $13.13 $15.56 $13.82 $42.08 $39.73 $41.97 $39.81 $56.82 $52.86 $57.53 $53.63 $/MWh $0 $20 $40 $60 2Q YTD Average 1 5 2 07Generation 08Factor 07 08 Average average vs. Outage Includes EDISON the realized Generati
Slide 7: Home Generation Operating Performance
Leading Home Generation Boiler Operating Total Equivalent Capacity Load Forced All-in $22.84 $21.72 $23.23 $21.62 $35.67 $36.40 $35.42 $34.85 $58.51 $58.12 $58.65 $56.47 $0 $20 $40 $60 $/MWh 2Q YTD Average 1 6 2 07Generation 08Factor 07 08 Average average City vs. tube Outage Includes EDISON the rea
Slide 8: Year-to-Date Earnings Summary
7 GAAP $426 Net Core1 ($ $1.72 $1.63 $565 $538 EPS YTD 1 07EDISON Leading Year-to-Date Reported $1.70 $1.29 $559 operations GAAP millions) Income 08 the earnings EPS and Way INTERNATIONAL® Earnings other inper Electricity non-core share Summary refers items. SMto basic earnings per share. See slide
Slide 9: Year-to-Date Reconciliation of Core Earnings and Variances
8 Leading EIX and Non-core Total Basic Diluted Core operating Midwest lower EMMT Edison Gain higher Income Corporate Higher Homer activities. Lower maintenance Non-Core SCE remediation EMG YTD EDISON Year-to-Date Reconciliation extinguishment operations 1 June 2 Seeother parent 30, $on 0.04 (0.10) E
Slide 10: EMG Status: Hedges and Energy Contracts
Leading EMG Status Remainder 2008 Energy Load Northern Homer Total Average Coal Hedges 1 the affect 2 Midwest per 3 been 4 9 At The EDISON time MWh june lower under 2009 estimated Requirement Hedge retail amount average atCity Only Added of the Price June Generation Illinois 30, represents 2010 day
Slide 11: EMG Status: Capacity Sales
Leading EMG Status July Midwest Megawatts Installed Less: requirement and Fixed RPM Non-unit Net Price Variable Third Capacity Expected Total Average 1 10 2 retained Capacity 1,Capacity amounts 3 throughper Auction Actual The Net Party Capacity Price EDISONat2008 Load the Price Capacity June Capacit
Slide 12: 2008 Guidance
Leading 2008 Guidance Non-core Core 8/8/2008 Total Note: Updated EIX SCE EMG •Excluded 1 GAAP 11Continue 11.5% Includes Forward EMMT Lower Discontinued Potential Possible See EDISON core GAAP parent $and Earnings guidance Use Guidance $2.18 earnings 1.57 Return pre-tax the Guidance pre-tax earnings
Slide 13: Appendix
Leading 12 Appendix EDISON the Way INTERNATIONAL® in Electricity SM
Slide 14: Liquidity Profile
Leading Liquidity EIX Sources Credit Cash Available 1 2 13 Parent &Facility Total short ($ the Profile SCE EDISON Liquidity inWay amounts Millions) term $ 2,500 (availability) ininvestments2 amount at $ Electricity 1,690 June do $SCE 1,100 not includes INTERNATIONAL® 30, $EMG imply 1,773 1,503 SM $
Slide 15: EMG Second Quarter Comparative Information
Leading EMG 2Q Midwest Total Energy Load Homer Generation Equivalent Performance Forced Pricing Average Flat 14 EDISON 07 Energy 6,126 Requirement Comparative 2Q City Outage Only Information the Realized Cost Generation 08 Availability (in 6,820 Price Way INTERNATIONAL® contracts Contracts Variance
Slide 16: EMG Operating and Development Platform
Leading EMG Washington California Arizona Wyoming Utah Oklahoma Nevada Texas Iowa Minnesota Nebraska Illinois Maryland Wisconsin New West Pennsylvania Operating Coal Other 9,582 Wind Under Turbines 5,060 Pipeline 390 Thermal 1,061 Natural MW 1 479 2 3 15 Natural Owned % York Mexico 5,471 40 1,884 7,
Slide 17: EMG Second Quarter Reconciliation
Leading EMG Reconciliation Net Addback Discontinued Interest Income Depreciation EBITDA1 Production Discrete Gain Loss Adjusted 1 2 16 income on – Production EDISONSee Second from expense income taxes early sale the items: (Deduct): EBITDA1 (3) tax $Use Way of and continuing (54) operations (47) ext
Slide 18: EMG Year-to-Date Reconciliation
Leading EMG Reconciliation Net Addback Cumulative Discontinued Interest Income Depreciation EBITDA1 Production Discrete Gain Loss Adjusted 1 2 17 income on – Year-to-Date EDISONSee from expense income taxes early sale the items: (Deduct): EBITDA1 328 tax $Use change Way of and continuing 23 operatio
Slide 19: Use of Non-GAAP Financial Measures
Leading Use Edison and accurately EPS share. securities principal operating EBITDA gain evaluating A referenced 18reconciliation EDISON Exchange EPS of on byNon-GAAP International’s the principal the by operating is subsidiary (vested compare EMG. in sale defined principal Way INTERNATIONAL® the Com