Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 57

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 57
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 the Fixed Recovery Charges The financing order describes the methodology by which the fixed recovery charges will be calculated and adjusted from time to time by the servicer pursuant to true-upadvice letters submitted with the California commission as described below. Pursuant to the financing order, the fixed recovery charge will be a per kWh charge assessed against each customer as part of each customer’s regular monthly billing. A different fixed recovery charge will be calculated for each customer class (each, a FRC consumer class), based upon the allocation factor assigned to such class in Marginal Cost and Revenue Allocation Settlement Agreement ( allocation factors), as such allocation factors are adjusted for exempted customers (which have no payment responsibility for the fixed recovery charges). The allocations factors, once set at the time of issuance, will remain the same for the life of the bonds, with adjustments for sales changes to collect the revenue requirement, except in the event of a non-standard true-up adjustment. The servicer will determine the fixed recovery charge for each FRC consumer class in the following manner:

| • |     | first, the servicer will determine the amount necessary to provide for the timely payment of scheduled principal                                                                                                                           
 of and interest on the bonds and operating expenses payable in connection with the bonds (the periodic payment requirement) for each of the two payment periods (each, a payment period) following the true-up adjustment date             
 (adjustment date). The first payment period is the period from the adjustment date through and including first payment date following the adjustment date (the first payment period); the second payment period is the period from the day 
 after the first payment period through and including second payment date following adjustment date (the second payment period);                                                                                                            |

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| • |     | next, using the most recently available delinquency and write-off                                                                                                                                                                                    
 experience, the servicer will determine the amount of fixed recovery charges which must be billed during each payment period in order to generate sufficient fixed recovery charges revenues prior to the last day of the calendar month immediately 
 preceding the end of each payment period (collection cut-off date). We refer to this amount as the periodic billing requirement;                                                                                                                     |

| • |     | next, the servicer will allocate the periodic billing requirement for each payment period among each FRC consumer 
 class based on its allocation factor, and                                                                         |

| • |     | finally, the servicer will divide the periodic billing requirement for each payment period by the forecasted                                                                                                                                             
 consumption of each FRC consumer class to determine the fixed recovery charge for the