Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 22

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 22
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 |     | rolling blackouts instituted by CAISO by the lack of installed capacity and high demand or instituted for public 
 safety.                                                                                                          |

Inaccurate forecasting of delinquencies or write-offs by the servicer could result from, among other things:

| • |     | unexpected deterioration of the economy, the occurrence of a natural disaster, an act of war or terrorism or                                                                         
 other catastrophic events, including pandemics, causing greater write-offs than expected or forcing SCE or a successor utility to grant additional payment relief to more customers; |

| • |     | an unexpected change in law that makes it more difficult for SCE or a successor distribution company to terminate            
 service to nonpaying customers, or that requires SCE or a successor to apply more lenient credit standards for customers; or |

| • |     | the expansion of the “direct access” program which permits ESPs to collect payments arising from the                                                                                                                  
 fixed recovery charges, but who may fail to remit customer charges to the servicer in a timely manner. See “Servicing Risks— It may be difficult to collect fixed recovery charges from other parties who bill retail 
 customers” in this prospectus.                                                                                                                                                                                        |

Consumer protection measures may limit the ability of SCE to collect all charges owed by customers, including the fixed recovery charges Consumer protection measures may limit the ability of SCE to collect all charges owed by consumers, including the fixed recovery charges. In addition, California legislature or the CPUC may take action in response to natural disasters or any future pandemic which may adversely affect the timing of fixed recovery charge - 26 -

collections. As a consequence, the effect of any required true-up could be delayed, resulting in a shortfall or material delay in fixed recovery charge
collections, which in turn might result in missed or delayed payments of principal and interest and lengthened weighted average life of the recovery bonds and downgrade of the credit ratings on the recovery bonds. Please read “The Depositor, Seller, Initial Servicer and Sponsor—Disconnection Order” in this prospectus.

Your investment in the bonds depends on SCE or its successor or assignee, acting as servicer of the recovery property

SCE, as servicer, will be
responsible for, among other things, calculating, billing and collecting the fixed recovery charges from customers and ESPs, submitting requests to the California commission to adjust these charges, monitoring the collateral for the bonds and taking
certain actions in the event of non-payment by a customers. The trustee’s receipt of collections in respect of