Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 81

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 81
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 funds are so available, we will make scheduled payments of principal of the bonds in the following order:

| (1) | to the holders of the tranche A-1 bonds, until the principal balance of that tranche has been reduced to zero, |

| (2) | to the holders of the tranche A-2 bonds, until the principal balance of that tranche has been reduced to zero, 
 and                                                                                                            |

| (3) | to the holders of the tranche A-3 bonds, until the principal balance of that tranche has been reduced to zero. |

However, on any payment date, unless an event of default has occurred and is continuing and the bonds have been declared due and payable, the trustee will make principal payments on the bonds only until the outstanding principal balances of those bonds have been reduced to the principal balances specified in the applicable expected sinking fund schedule for that payment date. Accordingly, principal of the bonds may be paid later, but not sooner, than reflected in the expected sinking fund schedule, except in the case of an acceleration. The entire unpaid principal balance of each tranche of the bonds will be due and payable on the final maturity date for that tranche. The failure to make a scheduled payment of principal on the bonds because there are not sufficient funds in the collection account does not constitute a default or an event of default under the indenture, except for the failure to pay in full the unpaid balance of any tranche upon the final maturity date for such tranche. - 65 -

Unless the bonds have been accelerated following an event of default, any excess funds
remaining in the collection account after payment of principal, interest, applicable fees and expenses and payments to the applicable subaccounts of the collection account will be retained in the excess funds subaccount until applied on a subsequent
payment date.

If an event of default (other than a breach by the State of California of the State pledge) has occurred and is continuing,
then the trustee or the holders of not less than a majority in principal amount of the bonds then outstanding may declare the bonds to be immediately due and payable, in which event the entire unpaid principal amount of the bonds will become due and
payable. Please read “—Events of Default; Rights Upon Event of Default” in this prospectus. However, the nature of our business will result in payment of principal upon an acceleration of the bonds being made as funds become
available. Please read “Risk Factors—Risks Associated With the Unusual Nature of the Recovery Property—