Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 12

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 12
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 of ESPs which elect to bill and collect the charge and who fail to do so promptly or completely.

It may be difficult for us to
find a replacement servicer should SCE default in its obligations. Assuming we can obtain a successive servicer, the successor servicer may be less effective in servicing the charges, potentially resulting in a delay in collections, and will be more
costly.

Risks Associated with the Unusual Nature of Recovery Property:The unusual nature of the recovery property makes it
unlikely that, in the event of a default, the recovery property could be sold. Although the bonds may be accelerated in the event of a default, as a practical matter, the fixed recovery charges would likely not be accelerated.

Risks Associated with the Potential Bankruptcy of the Seller or the Servicer:In the event of a bankruptcy by SCE, the investor may
experience a delay in payment or a default on payment of the bonds due to various factors, including the comingling of fixed recovery charges with other Servicer revenue, a challenge to the characterization of the sale of the recovery property as a
financing transaction, an effort to consolidate our assets and liabilities with those of SCE, a characterization of fixed recovery payments to the bond trustee as preferential transfers, the treatment of our claims against the seller as unsecured
claims, and a general limitation on the remedies available in a bankruptcy, including the risk of an automatic stay.

Other Risks Associated with an Investment in the Recovery Bonds:Other risks associated with the purchase of the bonds include the inadequacy of any indemnification obligations provided by the seller, the impact of a change of ratings or the issuance of an
unsolicited rating, the absence of a secondary market for the bonds, the issuance of additional recovery bonds or similar instruments creating greater burdens on the same customers, regulatory actions affecting certain investors and losses on
investments held by the trustee.

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RISK FACTORS Please carefully consider all the information we have included or incorporated by reference in this prospectus, including the risks described below and the statements contained under the heading “ Cautionary Statement Regarding Forward-Looking Information” in this prospectus before deciding whether to invest in the bonds. You may experience material payment delays or incur a loss on your investment in the bonds because the source of funds for payment is limited The only source of funds for payment of the bonds will be the collateral, which consist of:

| • |     | the recovery property securing the bonds, including the right to impose, collect and receive related