Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 136

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 136
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 block or overturn any attempts to cause a
repeal of, modification of or supplement to the Wildfire Financing Law, the financing order or the rights of holders of recovery property by legislative enactment, constitutional amendment or other means that would be adverse to bondholders. Any
costs associated with such legal or administrative action will be borne by us as an operating expense; provided, however, that the servicer will be obligated to institute and maintain such action or proceedings only if it is being reimbursed on a
current basis for its costs and expenses in taking such actions in accordance with the related indenture or series supplement, and is not required to advance its own funds to satisfy these obligations.

True-UpAdjustment Letters

The servicing agreement requires the servicer to submit routine true-up mechanism advice letters to
secure annual true-up adjustments, semi-annual true-up adjustments, if necessary, and, quarterly true-up adjustments, beginning
12 months prior to the scheduled final payment date for the last maturing tranche of the bonds. The servicing agreement also requires the servicer to submit advice letters for routine interim true-up
adjustments at any time if the servicer forecasts that projected fixed recovery charge collections will be insufficient to pay principal of and interest on the bonds and other related financing costs to otherwise satisfy the periodic payment
requirement.

In addition, the financing order permits the servicer to submit a request for a
non-routine true-up adjustment at any time to revise the logic of the methodology used to determine the fixed recovery charges approved in the

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financing order. For more information on the true-upadjustment process, please read “ SCE’s Financing Order—Fixed Recovery Charges—The Financing Order Requires the Servicer to Periodically “True-Up”the Fixed Recovery Charge” in this prospectus. Each true-upadjustment will allocate the revenue requirement among the FRC consumer classes in accordance with the methodology used to determine the fixed recovery charges approved in the financing order. Prior to each true-upadjustment submission, the servicer will update the data and assumptions used to calculate the fixed recovery charges, including projected electricity consumption during the next two payment periods based upon the most recent approved forecasts. Please read “ SCE’s Financing Order—Fixed Recovery Charges—The Financing Order Establishes the Methodology used to Calculate the Fixed Recovery Charges” in this prospectus. Remittances to Collection Account The servicer will remit fixed recovery charge collections to the trustee for further credit to the general subaccount within two servicer business day of