Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 121

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 121
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 owed to the trustee in an amount not to exceed in any 12-month period $200,000 (the Trustee Cap); provided, however, that the Trustee Cap shall be disregarded and inapplicable upon the 
 acceleration of the bonds following the occurrence of an event of default;                                                                                                               |

| (2) | the servicing fee with respect to such payment date and any unpaid servicing fees from prior payment dates to 
 the servicer as described under “The Servicing Agreement—Servicing Compensation” in this prospectus;          |

| (3) | the administration fee for such payment date and an allocable share of the fees owed to our independent 
 manager;                                                                                                |

| (4) | our other operating expenses relating to the bonds, such as accounting and audit fees, rating agency fees,                                           
 legal fees and certain reimbursable costs of the administrator under the administration agreement and of the servicer under the servicing agreement; |

| (5) | interest then due on the bonds, including any past-due interest; |

- 93 -

| (6) | principal then due and payable on the bonds as a result of an event of default or on the final maturity date 
 for the bonds;                                                                                               |

| (7) | scheduled principal payments of bonds according to its expected sinking fund schedule, together with any 
 overdue scheduled principal payments;                                                                    |

| (8) | any remaining unpaid fees, expenses and indemnity amounts owed to the trustee; |

| (9) | any other unpaid operating expenses relating to the bonds, and any remaining amounts owed pursuant to the basic 
 documents and any unpaid financing costs;                                                                       |

| (10) | replenishment of any shortfalls in the capital subaccount; |

| (11) | provided that no Event of Default has occurred and is continuing, release to SCE an amount a return on capital               
 of its capital contribution calculated at an annual rate per annum equal to the weighted average interest rate on the bonds; |

| (12) | the remainder, if any, to the excess funds subaccount for distribution on subsequent payment dates; and |

| (13) | after principal of and premium, if any, and interest on all bonds and all of the other foregoing amounts have                                                                                                                                          
 been paid in full, the balance (including all amounts then held in the applicable capital subaccount and the applicable excess funds subaccount), if any, shall be paid to us free and clear from the lien of the indenture and the series supplement. |

If