Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 117

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 117
---
 on any 
 payment date relating to its return on capital of its capital contribution,                                  |

| • |     | all present and future claims, demands, causes and choses in action in respect of any or all of the foregoing, 
 and                                                                                                            |

| • |     | all proceeds in respect of any or all of the foregoing. |

The security interest does not extend to:

| • |     | amounts released to SCE by the trustee on any payment date relating to its return on capital of its capital 
 contribution,                                                                                               |

| • |     | amounts deposited in the capital subaccount or any other subaccount that have been released to us or as we direct 
 following retirement of bonds, and                                                                                |

| • |     | amounts deposited with us on the issuance date for payment of costs of issuance with respect to the bonds 
 (together with any interest earnings thereon).                                                            |

We refer to the foregoing assets in which we, as assignee of the seller, will grant the trustee a security interest as the collateral. Security Interest in the Collateral The Wildfire Financing Law provides that consensual security interests can be granted in recovery property and that a statutory lien will be established on recovery property. With respect to consensual security interests, the Wildfire Financing Law provides that a valid and enforceable security interest in recovery property attaches when (a) the CPUC has issued the financing order authorizing fixed recovery charges included in the recovery property, (b) the pledgee of the recovery property has given value for the recovery property, and (c) the pledgor (i.e., us or our successor) has signed a security agreement covering the recovery property. The security interest in the recovery property is perfected when it has attached and when a financing statement has been filed with the California Secretary of State, with a copy filed with the California commission, in accordance with the Wildfire Financing Law. In addition, a statutory lien on recovery property with respect to the bonds arises under the Wildfire Financing Law. This statutory lien arises automatically, without further action by the servicer, us or any other person. Under the financing order, a statutory lien will exist on the recovery property then existing or thereafter arising and will secure all obligations, then existing or subsequently arising, to the holders of the bonds and the trustee for those holders. This statutory lien will be a first priority lien on all recovery property then in existence or that subsequently arises. - 90 -

Right of Foreclosure The Wildfire Financing Law provides that if an event of default occurs under