Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 122

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 122
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 nine bullets under “ —How Funds in the Collection Account will be Allocated” in this prospectus, the trustee will draw on amounts in the capital subaccount to make such payments up to the lesser of the amount of such insufficiency and the amounts on deposit in the capital subaccount. In the event of any such withdrawal, collected fixed recovery charges available on any subsequent payment date that are not necessary to pay scheduled payments of principal and interest on the bonds and payments of fees and expenses will be used to replenish any amounts drawn from the capital subaccount. If the bonds have been retired as of any payment date, the amounts on deposit in the capital subaccount will be released to us, free of the lien of the indenture. How Funds in the Collection Account will be Allocated On each payment date, the trustee will with respect to the bonds, pay or allocate, solely at the written direction of the servicer, all amounts on deposit in the collection account (including investment earnings thereon) in the following order of priority:

| (1) | amounts owed by us to the trustee, the trustee’s fees and expenses and any outstanding indemnity amounts                                                                                 
 owed to the trustee in an amount not to exceed in any 12-month period $200,000 (the Trustee Cap); provided, however, that the Trustee Cap shall be disregarded and inapplicable upon the 
 acceleration of the bonds following the occurrence of an event of default;                                                                                                               |

| (2) | the servicing fee with respect to such payment date and any unpaid servicing fees from prior payment dates to 
 the servicer as described under “The Servicing Agreement—Servicing Compensation” in this prospectus;          |

| (3) | the administration fee for such payment date and an allocable share of the fees owed to our independent 
 manager;                                                                                                |

| (4) | our other operating expenses relating to the bonds, such as accounting and audit fees, rating agency fees,                                           
 legal fees and certain reimbursable costs of the administrator under the administration agreement and of the servicer under the servicing agreement; |

| (5) | interest then due on the bonds, including any past-due interest; |

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| (6) | principal then due and payable on the bonds as a result of an event of default or on the final maturity date 
 for the bonds;                                                                                               |

| (7) | scheduled principal payments of bonds according to its expected sinking fund schedule, together with any 
 overdue scheduled principal