Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 188

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 188
---
 UCC);

provided that in determining whether the holders of the requisite
outstanding amount of the bonds or any tranche thereof have given any request, demand, authorization, direction, notice, consent or waiver hereunder or under any basic document, bonds owned by the issuing entity, any other obligor upon the bonds,
the member, the seller, the servicer or any affiliate of any of the foregoing persons shall be disregarded and deemed not to be outstanding, except that, in determining whether the trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only bonds that the trustee actually knows to be so owned shall be so disregarded. Bonds so owned that have been pledged in good faith may be regarded as outstanding if the pledgee establishes to
the satisfaction of the trustee the pledgee’s right so to act with respect to such bonds and that the pledgee is not the issuing entity, any other obligor upon the bonds, the member, the seller, the servicer or any affiliate of any of the
foregoing persons.

Outstanding amount means the aggregate principal amount of all bonds or, if the context requires, all bonds of
a tranche, outstanding at the date of determination.

Operating expenses means all unreimbursed fees, costs and expenses of the
issuing entity, including all amounts owed by the issuing entity to the trustee, any manager of the issuing entity, the servicing fee, the administration fee, legal and accounting fees, rating agency fees, costs and expenses of the issuing entity
and SCE, the return on equity due SCE for its capital contribution.

Payment date means the date or dates on which interest and
principal are to be payable on the bonds.

Periodic payment requirement has the meaning specified under “SCE’s Financing Order—True-UpMechanism” in this prospectus.

Public Utilities Code means the California Public Utilities Code, as amended from time to time.

Prior Recovery Bonds means, collectively, the
Series 2021-A Bonds, the Series 2022-A Bonds and the Series 2023-A Bonds.

PTCE means a prohibited transaction class exemption of the United States Department of Labor.

Rating agencies means Moody’s and S&P.

Rating agency condition means, with respect to any action, at least ten (10) business days’ prior written notification to
each rating agency of such action, and written confirmation from each of S&P and Moody’s to the trustee and us that such action will not result in a suspension, reduction or withdrawal