Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 61

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 61
---
 true-up at any time to revise the logic, structure and components of the methodology approved in the financing order to determine the fixed recovery charges. We
refer to such an adjustment as anon-routine true-upadjustment. A non-routine true-up adjustment advice letter must be submitted with the California commission at least ninety days prior to the effective date specified therein and will be acted upon by the California commission within
sixty days. In connection with a non-routine true-up adjustment, the financing order provides that the energy division of the California commission should prepare a
resolution for the California commission’s consideration that adopts, modifies or rejects the changes to the methodology proposed by the servicer. Absent such a resolution of the California commission that adopts, modifies or rejects the
change proposed in a non-routine true-up mechanism letter, the servicer may implement such change if the proposed effective date is at least ninety days after the date
of submission.

- 50 -

The Initial Fixed Recovery Charges The initial fixed recovery charges will be determined and approved by the California commission as part of the issuance advice letter process described below. Please read “ SCE’s Financing Order—Issuance Advice Letter” in this prospectus. The initial fixed recovery charge is expected to represent approximately % of the total bill, as of , 2025, received by a 500 kWh residential customer of SCE. The estimated aggregate initial fixed recovery charge for (1) the bonds offered hereby and (2) the Prior Recovery Bonds is expected to represent approximately % of the total electric bill, as of , 2025, received by a 500 kWh residential consumer of SCE. The fixed recovery charges will become effective and begin to be billed on the earliest practicable date following the closing, which date will be on the date specified in the issuance advice letter, and will be subject to periodic true-upas described below. Partial Payments of the Fixed Recovery Charges will be Pro-rated The financing order provides that, if a customer pays only a portion of its bill, a pro-rataamount of such payment will be allocated to the payment of fixed recovery charges, based on the amount of the fixed recovery charges billed to all charges billed to such customer. The portion owed in respect of fixed recovery charges may be further allocated among different series of recovery bonds, including the bonds, each series of the Prior Recovery Bonds and any amounts owing in respect of any additional recovery bonds or additional other bonds, issued pursuant to a financing order to SCE by the California commission, based upon the fixed recovery charges billed with respect