Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 27

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 27
---
 and operational issues. In addition, the risk of debris flows occurring as a result of rain may be heightened. For example, the wildfire and mudslide events in 2017 and 2018 resulted in, among
other things, loss of life, property damage and loss of service.

Extreme heat events can lead to prolonged widespread outages due to,
among other things, state-wide capacity supply shortages or equipment failure. Extreme weather events can also lead to use of public safety power shutoffs. Weather-related events, such as debris flows and melting of significantly higher than normal
snow pack, and earthquakes can cause over-topping or failure at an SCE dam resulting in a rapid release of water that could cause, among other things, public safety issues, property damage and operational issues.

- 29 -

Weather-related incidents and other natural disasters can lead to lost revenue and increased
expense, including higher maintenance and repair costs, which SCE may not be able to recover from its customers. In addition, these occurrences could lead to significant claims for damages, including for loss of life and property damage, as well as
regulatory penalties and disallowances. These occurrences could materially affect SCE’s business and financial condition, and the inability to restore power to SCE’s customers may temporarily reduce electricity sales, resulting in
reduced or delayed fixed recovery charge collections and possible delays in payment on the bonds.

Specifically, in January 2025, several
wind-driven wildfires impacted portions of SCE’s service area, causing loss of life, substantial damage and service outages for SCE customers. One of the largest of these wildfires, the Eaton Fire, ignited in SCE’s service area in Los
Angeles County and spread under conditions of an extreme Santa Ana windstorm. Previous wildfires, including the Eaton Fire and future wildfires could lead to significant losses which may materially impact SCE and Edison International. In addition,
the Wildfire Insurance Fund created by AB 1054 and other provisions of AB 1054 may not be sufficient or effectively mitigate the significant risk faced by California investor-owned utilities related to liability for damages arising from catastrophic
wildfires where utility facilities are a substantial cause which could have a detrimental effect on SCE’s business and financial condition, which could impact its ability to restore power to customers, resulting in reduced or delayed fixed
recovery charge collections and possible delays in payment on the bonds.

In addition, weather-related incidents and natural disasters
could lead to legislative action adverse to the bondholders taken in response to such events, and such legislation, if challenged as