Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 30

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 30
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 an affiliate of the seller. This might cause material delays in payment of, or losses on, your bonds and might materially reduce the value of your investment in the bonds. For example:

| • |     | without permission from the bankruptcy court, the trustee might be prevented from taking actions against SCE or 
 recovering or using funds on your behalf or replacing SCE as the servicer,                                      |

| • |     | the bankruptcy court might order the trustee to exchange the recovery property for other property of lower value, |

| • |     | tax or other government liens on SCE’s property might have priority over the trustee’s lien and might 
 be paid from collected fixed recovery charges before payments on the bonds,                           |

| • |     | the trustee’s lien might not be properly perfected in the collected recovery property collections prior to                       
 or as of the date of SCE’s bankruptcy, with the result that the bonds would represent only general unsecured claims against SCE, |

| • |     | the bankruptcy court might rule that neither our property interest nor the trustee’s lien extends to fixed                                                                                     
 recovery charges in respect of electricity consumed after the commencement of SCE’s bankruptcy case, with the result that the bonds would represent only general unsecured claims against SCE, |

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| • |     | we and SCE might be relieved of any obligation to make any payments on the bonds during the pendency of the                     
 bankruptcy case and might be relieved of any obligation to pay interest accruing after the commencement of the bankruptcy case, |

| • |     | SCE might be able to alter the terms of the bonds as part of its plan of reorganization, |

| • |     | the bankruptcy court might rule that the fixed recovery charges should be used to pay, or that we should be 
 charged for, a portion of the cost of providing electric service, or                                        |

| • |     | the bankruptcy court might rule that the remedy provisions of the sale agreement are unenforceable, leaving us           
 with an unsecured claim for actual damages against SCE that may be difficult to prove or, if proven, to collect in full. |

Furthermore, if SCE enters bankruptcy proceedings, it might be permitted to stop acting as servicer, and it may be difficult to find a third party to act as servicer. The failure of the servicer to perform its duties or the inability to find a successor servicer might cause payment delays or losses on your investment in the bonds. Also, the mere fact of a servicer or seller bankruptcy proceeding might have