Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 125

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 125
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 and the trustee for each series of additional other bonds, pursuant to which, the parties acknowledge that the servicer for the bonds, the servicer for each series of the Prior Recovery Bonds and the servicer for
each series of any additional recovery bonds and additional other bonds will allocate fixed recovery charge collections relating to each series of recovery bonds in accordance with the respective servicing agreement.

Please read “The Servicing Agreement—Remittances to Collection Account” in this prospectus.

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THE SALE AGREEMENT The following summary describes particular material terms and provisions of the sale agreement pursuant to which we will purchase recovery property from the seller. We have filed the form of the sale agreement as an exhibit to the registration statement of which this prospectus forms a part. Sale and Assignment of the Recovery Property On the issuance date, pursuant to a sale agreement, the seller will sell and assign recovery property to us, without recourse, except as provided in such sale agreement. The recovery property acquired on that date represents the irrevocable right to receive, through a fixed recovery charge, amounts sufficient to recover recovery costs relating to the bonds and costs of recovering, financing, or refinancing those recovery costs, including operating expenses, as authorized by the financing order. We will apply the net proceeds that we receive from the sale of the bonds to the purchase of the recovery property acquired on that date. In accordance with the Wildfire Financing Law, the transfer by SCE to us of recovery property will be deemed perfected as against third persons when the CPUC has issued the financing order authorizing the fixed recovery charges included in the recovery property and SCE executes and delivers to us a written assignment of that recovery property. Conditions to the Sale of Recovery Property Our obligation to purchase and the seller’s obligation to sell recovery property on the issuance date is subject to the satisfaction of each of the following conditions:

| • |     | on or prior to the issuance date, the seller must duly execute and deliver the sale agreement to the us; |

| • |     | on or prior to the issuance date, the seller must have received the financing order from the California 
 commission authorizing the creation of the recovery property;                                           |

| • |     | on or prior to the issuance date, the seller must have submitted the issuance advice letter with the California 
 commission and such letter must be effective;                                                                   |

| • |     | as of the issuance date, the seller may not be insolvent and may not be made insolvent by the sale of recovery 
 property to us, and