Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 45

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 45
---
 | the disclosure in this prospectus regarding the Wildfire Financing Law, the financing order and the agreements to                                             
 be entered into in connection with the issuance of the bonds is as of its date, accurate in all material respects and fails to omit any material information; |

| • |     | the servicer has adequate processes and procedures in place to perform its obligations under the servicing 
 agreement;                                                                                                 |

| • |     | fixed recovery charge revenues, as adjusted from time to time as provided in the Wildfire Financing Law and the            
 financing order, are expected to be sufficient to pay on a timely basis scheduled principal and interest on the bonds; and |

| • |     | the design and scope of SCE’s review of the recovery property as described above is effective to provide                          
 reasonable assurance that the disclosure regarding the recovery property in this prospectus is accurate in all material respects. |

- 41 -

THE RECOVERY PROPERTY AND THE WILDFIRE FINANCING LAW

The Wildfire Financing Law Generally

The risk of catastrophic wildfires has been increasing in California for years, largely due to multiple factors, including the buildup of dry
vegetation in areas severely impacted by years of historic drought, lack of adequate clearing of hazardous fuels by responsible parties, higher temperatures and lower humidity. In 2017 and 2018, a number of catastrophic wildfires occurred in
California that caused substantial damage to residential and business properties in the state and damaged the transmission and distribution infrastructure of SCE and other utilities. In addition, utility property was determined to be associated with
the ignition of certain of these wildfires, and California law has held utilities strictly liable for property damage if the utilities’ facilities are a substantial cause of wildfires that caused the property damage.

In response to catastrophic wildfires which engulfed portions of the State of California in 2017 and 2018, the California legislature enacted
a series of pieces of legislation, including SB 901 enacted in 2018, and AB 1054 and AB 1513 enacted in 2019 to address wildfire damage and the related financial impacts, including providing financial stability for the State of California’s
electrical utilities. As part of such legislation, the California legislature amended the Public Utilities Code to enact the Wildfire Financing Law to allow for the recovery of recovery costs if the California commission deems such costs to be just
and reasonable.

The Wildfire Financing Law permits electric corporations to collect recovery costs through the issuance of recovery bonds
pursuant to and supported by an irrevocable financing order