Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 22

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 22
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 an unexpected change in law that makes it more difficult for SCE or a successor distribution company to terminate            
 service to nonpaying customers, or that requires SCE or a successor to apply more lenient credit standards for customers; or |

| • |     | the expansion of the “direct access” program which permits ESPs to collect payments arising from the                                                                                                                  
 fixed recovery charges, but who may fail to remit customer charges to the servicer in a timely manner. See “Servicing Risks— It may be difficult to collect fixed recovery charges from other parties who bill retail 
 customers” in this prospectus.                                                                                                                                                                                        |

Consumer protection measures may limit the ability of SCE to collect all charges owed by customers, including the fixed recovery charges Consumer protection measures may limit the ability of SCE to collect all charges owed by consumers, including the fixed recovery charges. In addition, California legislature or the CPUC may take action in response to natural disasters or any future pandemic which may adversely affect the timing of fixed recovery charge - 26 -

collections. As a consequence, the effect of any required true-up could be delayed, resulting in a shortfall or material delay in fixed recovery charge
collections, which in turn might result in missed or delayed payments of principal and interest and lengthened weighted average life of the recovery bonds and downgrade of the credit ratings on the recovery bonds. Please read “The Depositor, Seller, Initial Servicer and Sponsor—Disconnection Order” in this prospectus.

Your investment in the bonds depends on SCE or its successor or assignee, acting as servicer of the recovery property

SCE, as servicer, will be
responsible for, among other things, calculating, billing and collecting the fixed recovery charges from customers and ESPs, submitting requests to the California commission to adjust these charges, monitoring the collateral for the bonds and taking
certain actions in the event of non-payment by a customers. The trustee’s receipt of collections in respect of the fixed recovery charges, which will be used to make payments on bonds, will depend in
part on the skill and diligence of the servicer in performing these functions. The systems that the servicer has in place for fixed recovery charge billings and collections, together with the CPUC regulations governing ESPs, might, in particular
circumstances, cause the servicer to experience difficulty in performing these functions in a timely and completely accurate manner. If the servicer fails to make collections for any reason, then the servicer’s payments to the trustee in
respect of