Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 7

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 7
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 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 customers enrolled in CARE or FERA, which customers are collectively referred to herein as exempted customers. Please read “The Recovery Property and the Wildfire Financing Law—The Financing Order and                     
 the Recovery Property—Exemptions from Fixed Recovery Charges” and “SCE’s Financing Order—Fixed Recovery Charges—The Financing Order Establishes the Methodology used to Calculate the Fixed Recovery                                                    
 Charges” in this prospectus.   The fixed recovery charges are calculated by                                                                                                                                                                             
 the servicer according to the methodology approved in the financing order, which includes the allocation of cost responsibility among customer rate classes (each, a FRC consumer class), based upon the allocation methodology set forth in the        
 Marginal Cost and Revenue Allocation Settlement Agreement adopted by the California commission in D. 22-08-001 (the allocation methodology). The allocation                                                                                             
 methodology will be fixed for the life of the recovery bonds, and changes to the allocation methodology will be limited to adjustments to changes in sales as necessary to collect the fixed recovery charge revenue requirement. There are currently   
 thirteen FRC consumer classes, including two FRC consumer classes consisting of exempted customers. Through the true-up mechanism, all FRC consumer classes and, consequently, all customers, except exempted                                           
 customers, will cross share in the liabilities of all other customers for the payment of fixed recovery charges. Please read “SCE’s Financing Order—Fixed Recovery Charges—The Financing Order Establishes the Methodology                              
 used to Calculate the Fixed Recovery Charges” in this prospectus.   During                                                                                                                                                                              
 the twelve months ended December 31, 2024, SCE’s total operating revenue was derived as follows: 43.2% commercial customers, 38.1% residential customers, 4.0% public authorities, 2.5% industrial customers, 1.8% agricultural and other,