Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 10

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 10
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 recovery charges with other Servicer revenue, a challenge to the characterization of the sale of the recovery property as a
financing transaction, an effort to consolidate our assets and liabilities with those of SCE, a characterization of fixed recovery payments to the bond trustee as preferential transfers, the treatment of our claims against the seller as unsecured
claims, and a general limitation on the remedies available in a bankruptcy, including the risk of an automatic stay.

Other Risks Associated with an Investment in the Recovery Bonds:Other risks associated with the purchase of the bonds include the inadequacy of any indemnification obligations provided by the seller, the impact of a change of ratings or the issuance of an
unsolicited rating, the absence of a secondary market for the bonds, the issuance of additional recovery bonds or similar instruments creating greater burdens on the same customers, regulatory actions affecting certain investors and losses on
investments held by the trustee.

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RISK FACTORS Please carefully consider all the information we have included or incorporated by reference in this prospectus, including the risks described below and the statements contained under the heading “ Cautionary Statement Regarding Forward-Looking Information” in this prospectus before deciding whether to invest in the bonds. You may experience material payment delays or incur a loss on your investment in the bonds because the source of funds for payment is limited The only source of funds for payment of the bonds will be the collateral, which consist of:

| • |     | the recovery property securing the bonds, including the right to impose, collect and receive related fixed 
 recovery charges and our rights under the financing order to the true-up mechanism;                        |

| • |     | the funds on deposit in the accounts for the bonds held by the trustee; and |

| • |     | our rights under various contracts we describe in this prospectus. |

The bonds will not be insured or guaranteed by SCE, including in its capacity as sponsor, depositor, seller or servicer, or by its parent, Edison International, any of their respective affiliates, the trustee or any other person or entity. The bonds will be nonrecourse obligations, secured only by the collateral. Delays in payment on the bonds might result in a reduction in the market value of the bonds and, therefore, the value of your investment in the bonds. Thus, you must rely for payment of the bonds solely upon the Wildfire Financing Law, state and federal constitutional rights to enforcement of the Wildfire Financing Law, the irrevocable financing order, collections of the