Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 8

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 8
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 sell recovery property to us in exchange for the net proceeds from the sale of the bonds,                                  
 •we will sell the bonds, which will be secured primarily by the recovery property, to the underwriters, and                          
 •SCE will act as the initial servicer of the recovery property.                                                                      |

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| Transaction Parties: |     | The following chart represents a general summary of the parties to the transactions underlying the offering of the bonds, their roles and 
 their various relationships to the other parties:                                                                                         |
| Flow of Funds:       |     | The following chart represents a general summary of the flow of funds:                                                                    |

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| Recovery Property, Fixed Recovery Charges and the True-Up Mechanism: |     | In general terms, all of the rights and interests of SCE under the financing order that are transferred to us pursuant to the sale agreement                                                                                                            
 are referred to in this prospectus as the recovery property. The recovery property consists of all of SCE’s rights and interests established under the financing order, and further identified in the issuance advice letter, transferred to            
 the issuing entity in connection with the issuance of the bonds, including (i) the right title and interest in and to the fixed recovery charges, including the right to obtain adjustments of such charges as authorized in the financing order,       
 and (ii) the right to be paid the fixed recovery charges, as well as all revenues, collections, claims, payments, moneys, or proceeds of or arising from the fixed recovery charges. Recovery property is a present property right created by the       
 Wildfire Financing Law and the financing order and is protected by the State pledge in the Wildfire Financing Law described below.                                                                                                                      
 Nonbypassable means that we will be entitled to collect fixed recovery charges from all existing or future customers of SCE (except exempted customers),                                                                                                
 including customers purchasing energy from any ESP, or any other individual, governmental body, trust, business entity, or nonprofit organization located in the service territory of SCE as such service territory as it existed as of the date of the 
 financing order that consumes electricity that has been transmitted or distributed by means of transmission or distribution facilities, whether those electric transmission or distribution facilities are owned by the customer, SCE, or any other     
 party. Therefore, in general, customers can only avoid paying fixed recovery charges if they move out of SCE’s service territory or if they are exempted customers. Under the Wildfire Financing Law, the only customers exempt from paying fixed       
 recovery charges are those