Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 45

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 45
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 |     | consulted with legal counsel to assess if there is a basis upon which the bondholders (or the trustee acting on 
 their behalf) could successfully challenge the constitutionality of any legislative action by the               |

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| State of California (including action by the California commission or the voters by amendment to the California Constitution) that could repeal or amend the provisions of the Wildfire Financing 
 Law in a way that could substantially impair the value of the recovery property, or substantially reduce, alter or impair the fixed recovery charges;                                             |

| • |     | reviewed the process and procedures in place for it, as servicer, to perform its obligations under the servicing                                                                                                                                                                  
 agreement, including billing, collecting, receiving and posting the fixed recovery charges to be provided for under the recovery property, forecasting fixed recovery charges, and preparing and submitting advice letters for true-up adjustments to the fixed recovery charges; |

| • |     | reviewed the operation of the true-up adjustment mechanism for adjusting                                                                                          
 fixed recovery charge levels to meet the scheduled payments on the bonds and in this context took into account its experience with the California commission; and |

| • |     | with the assistance of its advisors, prepared financial models in order to set the initial fixed recovery charges                                                                                     
 to be provided for under the recovery property at levels sufficient to pay principal of and interest on the bonds when due and other required amounts and charges owing in connection with the bonds. |

In connection with the preparation of such models, SCE:

| • |     | reviewed (i) the historical electric consumption and customer growth within its service territory and 
 (ii) forecasts of expected energy sales and customer growth; and                                      |

| • |     | analyzed the sensitivity of the weighted average lives of the bonds in relation to variances in actual energy                                                                                             
 consumption levels and related charge collections from forecasted levels and in relation to the true-up adjustment in order to assess the probability that the weighted average lives of the bonds may be 
 extended as a result of such variances, and in the context of the operation of the true-up adjustment for adjustment of fixed recovery charges to address undercollections or overcollections in light of 
 scheduled payments on the bonds to prevent an event of default.                                                                                                                                           |

As a result of this review, SCE has concluded that:

| • |     | the recovery property, the financing order and the agreements to be entered into in connection with the issuance 
 of the bonds meet in all material respects the applicable statutory and regulatory requirements;                 |

| • |