Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 51

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 51
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), and without limiting any other remedies available to the pledgees or transferees by reason of the default, shall order the sequestration and payment to the pledgees or transferees of recovery property revenues. The Wildfire Financing Law provides that any such order shall remain in full force and effect notwithstanding any bankruptcy, reorganization, or other insolvency proceedings with respect to the debtor, pledgor, or transferor of the recovery property. Please read “ Risk Factors—Risks Associated with the Unusual Nature of the Recovery Property—Foreclosure of the trustee’s lien on the recovery property for the bonds might not be practical, and acceleration of the bonds before maturity might have little practical effect” in this prospectus. The Wildfire Financing Law Provides that the Transfer of Recovery Property is a True Sale The Wildfire Financing Law provides that an electric corporation’s transfer of recovery property is a “true sale” and shall be treated as an absolute transfer of all of the transferor’s right, title, and interest, as in a true sale, and not as a pledge or other financing, of the recovery property, other than for U.S. federal and state income and franchise tax purposes. The Wildfire Financing Law provides that the characterization of the transfer as a sale, assignment, or transfer as an absolute transfer and true sale true sale is not affected by:

| • |     | commingling of fixed recovery charge revenues with other amounts, |

| • |     | the retention by the seller of either of the following: |

| • |     | a partial or residual interest, including an equity interest, in the financing entity or the recovery property, 
 whether direct or indirect, subordinate or otherwise, or                                                        |

| • |     | the right to recover costs associated with taxes, franchise fees, or license fees imposed on the collection of 
 fixed recovery charges.                                                                                        |

| • |     | any recourse that the purchaser may have against the seller, |

| • |     | any indemnification rights, obligations, or repurchase rights made or provided by the seller, |

| • |     | the obligation of the seller to collect fixed recovery charges on behalf of an assignee, |

| • |     | the treatment of the sale, assignment, or transfer for tax, financial reporting, or other purposes, and |

| • |     | any true-up adjustment of the fixed recovery charges as provided in the 
 financing order.                                                        |

Please read “ Risk Factors—Risks Associated with Potential Bankruptcy Proceedings of the Seller and the