Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 124

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 124
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 bill, collect and receive fixed recovery charges
calculated in respect of that series, and the right to impose true-up adjustments to correct overcollections or undercollections in respect of that series. Each series will also have its own collection
account, including any related subaccounts, into which revenue from the fixed recovery charges relating to that series will be deposited and from which amounts will be withdrawn to pay the related series of recovery bonds. Holders of one series of
recovery bonds will have no recourse to collateral for a different series. Our out-of-pocket administrative expenses, independent manager fees and other operating
expenses payable by us on a payment date will be assessed to each series of recovery bonds issued by us on a pro rata basis, based upon the respective outstanding principal amounts of each series. Please read “—Description of Indenture Accounts” and “—How Funds in the Collection Account Will Be Allocated” in this prospectus.

Although each series of the Prior Recovery Bonds have, the bonds, each series of additional recovery bonds and each series of additional other
bonds, whether issued by us or another issuing entity, will have its own recovery property or other type of property, respectively, reflecting the right in and to a separate fixed recovery charge, fixed recovery charges relating to the bonds, fixed
recovery charges relating to the Prior Recovery Bonds, and fixed recovery charges relating to any additional recovery bonds or similar charges relating to additional other bonds will be collected through single periodic bills to each customer. The
fixed recovery charges might be combined into a single line item on those periodic bills. In the event a customer does not pay in full all amounts owed under any bill including fixed recovery charges, the servicer is required to allocate any
resulting shortfalls in fixed recovery charges ratably based on the amounts of fixed recovery charges owing in respect of the bonds, the Prior Recovery Bonds and any amount owing in respect of any additional recovery bonds and additional other
bonds. Please read “The Servicing Agreement—Remittances to Collection Account” in this prospectus.

Intercreditor Agreement

In connection with the issuance of the bonds, SCE (on behalf of itself and in its capacities as servicer of each series of the Prior Recovery
Bonds and as servicer of any additional recovery bonds and any additional other bonds) covenants to enter into an amended and restated intercreditor agreement (the intercreditor agreement) with us, the trustee for the bonds, the trustee for each
series of the Prior Recovery Bonds