Company: SCE-PL
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001193125-25-002794
Chunk: 11

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-01-07
Form: 424B5
Chunk 11
---
 prospectus supplement, except for public offering price, payment of interest accruing prior to the issue date of the further bonds, and under some
circumstances, the first payment of interest following the issue date of the further bonds. These further bonds may be consolidated and form a single series with the bonds offered by this prospectus supplement. For U.S. federal income tax purposes,
such additional first mortgage bonds will be issued pursuant to a “qualified reopening” of the original series of bonds, will otherwise be treated as part of the same “issue” of debt instruments as the original series of bonds or
will be issued with less than a de minimisamount of original issue discount.

As of September 30, 2024, we had
$28.2 billion of first mortgage bonds outstanding (including $751.9 million of first mortgage bonds issued to secure pollution control bonds). As of September 30, 2024, we had the capacity to issue approximately $17.0 billion of
additional first mortgage bonds on the basis of first mortgage bonds previously acquired, redeemed, or otherwise retired and the net amount of additional property acquired by us and not previously used for the issuance of first mortgage bonds or
other purposes under the first mortgage bond indenture. The first mortgage bond indenture’s net earnings coverage test provides that additional first mortgage bonds may not be issued unless our net earnings (as defined in the first mortgage
bond indenture) for a period of twelve months ending no more than 60 days prior to the delivery of the bonds shall have been at least two and one-half (2.5x) times our total annual first mortgage bond interest
charge. Under the net earnings test, the amount of additional first mortgage bonds we currently could issue is approximately $23.0 billion (based on net earnings as of September 30, 2024, and not taking into account the issuance of the
bonds). See “Description of the First Mortgage Bonds—Issue of Additional Bonds” in the base prospectus.

Optional Redemption

Prior to December 1, 2034 for the Series 2025A Bonds and September 1, 2054 for the Series 2025B Bonds (each a “Par Call Date”), we
may redeem the Series 2025A Bonds and/or the Series 2025B Bonds at our option, in whole or in part, at any time and from time to time, at a “make-whole” redemption price (expressed as a percentage of principal amount and