Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 74

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 74
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CE RECOVERY FUNDING LLC, THE ISSUING ENTITY

We are a special purpose limited liability company formed under the Delaware Limited Liability Company Act pursuant to a limited liability
company agreement executed by our sole member, SCE, and the filing of a certificate of formation with the Secretary of the State of Delaware. We were formed on September 10, 2020.

We have been organized as a special purpose subsidiary of SCE for the limited purpose of holding recovery property and issuing recovery bonds,
including the bonds, secured by recovery property and other collateral pledged to secure such recovery bonds.

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On February 24, 2021, we issued the Series 2021-ABonds, which was our first issuance of recovery bonds. On February 15, 2022, we issued the Series 2022-ABonds, which was our second issuance of recovery bonds. On April 27, 2023, we issued the Series 2023-ABonds, which was our third issuance of recovery bonds. Each series of the Prior Recovery Bonds were issued pursuant to a separate financing order, and are each secured by separate recovery property and by a separate indenture and separate bond collateral, including a separate capital contribution, than the bonds. The Series 2021-ABondholders, the Series 2022-ABondholders and the Series 2023-ABondholders have no recourse to the recovery property securing the bonds and have no claim against us if revenue from the fixed recovery charges and funds on deposit in the trust accounts with respect to the Prior Recovery Bonds, are insufficient to pay such bonds in full. Our organizational documents, as well as the basic documents supporting the bonds, give us the authority and flexibility to issue additional recovery bonds authorized by additional financing orders and to acquire recovery property created by such additional financing orders, which will be pledged solely to the payment of such additional recovery bonds, subject to satisfaction of the rating agency condition. As a result, we may acquire additional recovery property and issue one or more series of additional recovery bonds that are supported by such additional and separate recovery property or other collateral to finance the recovery costs approved by an additional financing order. Please read “ Security for the Bonds—Issuance of Additional Recovery Bonds” and “— Allocations as Between Series of Recovery Bonds” in this prospectus. Our limited liability company agreement restricts us from engaging in activities other than those described in this section. We do not have any employees, but we will pay our member for out-of-pocketexpenses incurred