Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 63

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 63
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 that the issuance advice letter will be automatically approved and become effective at noon on the fourth business day after pricing unless before noon on the fourth business day after pricing the California commission issued an order finding that the proposed issuance does not comply with the financing order. Servicing Agreement In the financing order, the California commission authorized SCE, as the servicer, to enter into the servicing agreement described under “The Servicing Agreement” in this prospectus. Fixed recovery charges will be collected by SCE from customers as part of its normal collection activities. Fixed recovery charges will be deposited by SCE into the collection account under the terms of the indenture, the series supplement and the servicing agreement. Fixed recovery charge collections received by the servicer will be remitted to the trustee on each business day. Please read “ The Servicing Agreement—Remittances to Collection Account” in this prospectus. - 51 -

Additional Recovery Bonds and Additional Other Bonds

We have been organized as a special purpose subsidiary of SCE for the limited purpose of holding recovery property and issuing recovery bonds,
including the bonds, secured by recovery property and other collateral pledged to secure such recovery bonds. We have previously issued the Prior Recovery Bonds.

The Wildfire Financing Law permits SCE, upon receipt of an additional financing order to finance recovery costs through the issuance of
additional recovery bonds issued by us or another issuing entity pursuant to a separate financing order and secured by separate recovery property. Our organizational documents, as well as the basic documents, give us the authority and flexibility to
issue one or more series of additional recovery bonds authorized by additional financing orders and to acquire additional recovery property which will be pledged to such additional recovery bonds, subject to satisfaction of the rating agency
condition. Please read “SCE Recovery Funding, The Issuing Entity” and “—Outstanding Bonds” in this prospectus.

The financing order provides that, in the event additional recovery bonds are issued by us or by another affiliate of SCE, the fixed recovery
charges should be allocated ratably between the trustee and other bond trustees for each of the Prior Recovery Bonds and each series of additional recovery bonds or additional other bonds.

In addition, SCE may seek separate financing orders to recover other costs. Please read “Risk Factors—Other Risks Associated with an Investment in the Bonds—SCE may cause the issuance, either through us or other affiliated entities, of additional recovery bonds or additional other bonds secured by additional recovery property or other property that includes a nonbypassable charge on customers, which may cause a delay in the payment of the