Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 52

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 52
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 be practical, and acceleration of the bonds before maturity might have little practical effect” in this prospectus. The Wildfire Financing Law Provides that the Transfer of Recovery Property is a True Sale The Wildfire Financing Law provides that an electric corporation’s transfer of recovery property is a “true sale” and shall be treated as an absolute transfer of all of the transferor’s right, title, and interest, as in a true sale, and not as a pledge or other financing, of the recovery property, other than for U.S. federal and state income and franchise tax purposes. The Wildfire Financing Law provides that the characterization of the transfer as a sale, assignment, or transfer as an absolute transfer and true sale true sale is not affected by:

| • |     | commingling of fixed recovery charge revenues with other amounts, |

| • |     | the retention by the seller of either of the following: |

| • |     | a partial or residual interest, including an equity interest, in the financing entity or the recovery property, 
 whether direct or indirect, subordinate or otherwise, or                                                        |

| • |     | the right to recover costs associated with taxes, franchise fees, or license fees imposed on the collection of 
 fixed recovery charges.                                                                                        |

| • |     | any recourse that the purchaser may have against the seller, |

| • |     | any indemnification rights, obligations, or repurchase rights made or provided by the seller, |

| • |     | the obligation of the seller to collect fixed recovery charges on behalf of an assignee, |

| • |     | the treatment of the sale, assignment, or transfer for tax, financial reporting, or other purposes, and |

| • |     | any true-up adjustment of the fixed recovery charges as provided in the 
 financing order.                                                        |

Please read “ Risk Factors—Risks Associated with Potential Bankruptcy Proceedings of the Seller and the Servicer” and “ How A Bankruptcy May Affect Your Investment” in this prospectus. - 44 -

The Wildfire Financing Law Requires the Electrical Corporation and its Successors to Service the Recovery Property

The Wildfire Financing Law requires the California commission to authorize the electrical corporation to enter into a
servicing contract with the issuer of the recovery bonds (i.e., the issuing entity). This contract must require the electrical utility to continue to operate its system to provide service to consumers within its service territory, to collect amounts
in respect of the fixed recovery charges for the benefit and account of the issuing entity and