Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 0

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 0
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 |          | 5.541% |     |               | 99.99197% |     |               | 0.40% |     | $                   | 597,551,820 |

| (1) | Interest on the recovery bonds will accrue from December 1, 2025. If the recovery bonds are delivered to a                                                                             
 purchaser after December 1, 2025, such purchaser will pay accrued interest from December 1, 2025 up to, but not including, the date the recovery bonds are delivered to the purchaser. |

The total initial price to the public is $1,642,653,540.64. The total amount of the underwriting discounts and commissions is $6,570,864.00. The total amount of proceeds to the issuing entity before deduction of expenses (estimated to be $5,335,136.00) is $1,636,082,676.64. The distribution frequency is semi-annually. The first expected payment date is September 15, 2026. Investing in the Senior Secured Recovery Bonds involves risks. Please read “ Risk Factors ” beginning on page 21 in this prospectus to read about factors you should consider before buying the bonds. Southern California Edison Company, as sponsor, is offering $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A,referred to herein as the recovery bondsor the bonds, in three tranches to be issued by SCE Recovery Funding LLC, as the issuing entity. Southern California Edison Company is also the seller, initial servicerand depositorwith regard to the bonds. The bonds are senior secured obligations of the issuing entity supported by recovery property, which includes the right to a special, irrevocable nonbypassable charge, known as fixed recovery charges, paid by all existing and future consumers (subject to the exceptions described in this prospectus) within SCE’s service territory as it existed as of the date of the financing order (as defined below). The Wildfire Financing Law (as defined below) requires that fixed recovery charges be adjusted (or “trued-up”)at least annually, and the California Public Utilities Commission (the CPUCor the California commission) has authorized the fixed recovery charges to be adjusted more frequently to ensure the expected recovery of fixed recovery charge revenues sufficient to timely provide all scheduled payments of principal and interest on the bonds and related financing costs, as described further in this prospectus. Credit enhancement for the bonds will be