Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 125

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 125
---
 | no series of additional recovery bonds will be issued under the indenture governing the bonds offered hereby; and |

| • |     | each series will bear its own trustee fees, servicer fees and administration fees. |

The issuance of any additional recovery bonds, whether issued by us or any affiliated entity, is subject to satisfaction of the rating agency condition. In addition, SCE has covenanted under the sale agreement that the execution of an intercreditor agreement is a condition precedent to the sale of property by SCE consisting of nonbypassable charges payable by customers comparable to the recovery property sold by SCE pursuant to the sale agreement. Please read “ Security for the Bonds—Intercreditor Agreement” and “ The Sale Agreement—Covenants of the Seller” in this prospectus. Each series of recovery bonds that may be issued, whether issued by us or any affiliated entity, will be backed by separate recovery property we or an affiliated entity acquire for the separate purpose of repaying that series of additional recovery bonds. Each series of additional recovery bonds that may be issued will have the benefit of a true-upmechanism. Any series of additional recovery bonds may include terms and provisions that would be unique to that particular series of recovery bonds. - 95 -

Allocations as Between Series of Recovery Bonds

The bonds are not and will not be subordinated in right of payment to the Prior Recovery Bonds and any series of additional recovery bonds.
Each series of Prior Recovery Bonds are, the bonds and any series of additional recovery bonds will be, secured by its own separate recovery property, each of which will include the right to impose, bill, collect and receive fixed recovery charges
calculated in respect of that series, and the right to impose true-up adjustments to correct overcollections or undercollections in respect of that series. Each series will also have its own collection
account, including any related subaccounts, into which revenue from the fixed recovery charges relating to that series will be deposited and from which amounts will be withdrawn to pay the related series of recovery bonds. Holders of one series of
recovery bonds will have no recourse to collateral for a different series. Our out-of-pocket administrative expenses, independent manager fees and other operating
expenses payable by us on a payment date will be assessed to each series of recovery bonds issued by us on a pro rata basis, based upon the respective outstanding principal amounts of each series. Please read “—Description of Indenture Accounts” and “—How Funds in the Collection Account Will Be Allocated” in