Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 35

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 35
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 potential conflicts of interest among bondholders

SCE may seek additional financing orders from the California
commission under the Wildfire Financing Law to approve the recovery of certain wildfire-related costs through the issuance of additional recovery bonds.

We may, at our sole discretion, but subject to conditions set forth in our organizational documents and the indenture, acquire additional
recovery property created under a separate financing order, and issue, subject to satisfaction of the rating agency condition in respect of the Prior Recovery Bonds and the bonds, one or more series of additional recovery bonds supported by such
additional recovery property without your prior review or approval. Please read “Description of the Bonds—Conditions of Issuance of Additional Recovery Bonds” and “Security for the Bonds—Issuance of Additional Recovery Bonds” in this prospectus. In addition, SCE may in its sole discretion sell recovery property or property similar to recovery property, created by a separate financing order to one or more entities other than us in connection with
the issuance of additional recovery bonds or obligations similar to the bonds without your prior review or approval.

Any new issuance may
include terms and provisions that would be unique to that particular issuance. SCE has covenanted in the sale agreement that the satisfaction of the rating agency condition and the execution and delivery of an intercreditor agreement are conditions
precedent to the sale of additional recovery property or similar property consisting of nonbypassable charges payable by customers comparable to the recovery property to another entity. Please read “Security for the Bonds—Intercreditor Agreement” and “The Sale Agreement—Covenants of the Seller” in this prospectus.

In the event a customer does not pay in full all amounts owed under any bill, including fixed recovery charges, SCE, as servicer, is required
to allocate any resulting shortfalls in fixed recovery charges ratably based on the amounts of fixed recovery charges owing in respect of the bonds, each series of the Prior Recovery Bonds and amounts owing in respect of any additional recovery
bonds. However, if a dispute arises with respect to the allocation of such fixed recovery charges or other delays occur on account of the administrative burdens of

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making such allocation, we cannot assure you that any new issuance would not cause reductions or delays in payment of your bonds.

In addition, actions taken by the holders of the Prior Recovery Bonds or one or more series of additional recovery bonds and additional other
bonds might conflict with the interests of the beneficial owners of the bonds, and could result in an outcome that is