Company: SCE-PL
Filing Date: 2025-10-28
Form Type: SF-1/A
Source: 0001193125-25-253849
Chunk: 64

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: SF-1/A
Chunk 64
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 and other, 2.6% resale sales and 7.8% other operating revenue. During 2024, exempted customers accounted for 10.4% of SCE’s total electric deliveries and
approximately 30.5% of deliveries to the residential domestic FRC consumer classes. SCE is an operating subsidiary of Edison International, a parent holding company based in Rosemead, California. The bonds do not constitute a debt, liability or
other legal obligation of SCE or Edison International.

Community Choice Aggregation, Direct Access and Departing Load

Customers within SCE’s service territory may purchase their energy from certain other energy suppliers. In 2002, California
Assembly Bill 117 was signed into law, allowing cities and counties to form CCAs. Community choice aggregation is a program that allows cities, counties, other California public agencies and Joint Power

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Authorities to procure electricity for customers located within the city or county or public agency’s jurisdictional area, including within SCE’s service territory. Customers not
wishing to participate must opt out. As of year-end 2024, SCE had twelve CCAs serving customers in its service territory that represent approximately 20.6% of SCE’s total service load. Based on recent
load statistics, SCE anticipates that direct access and CCA load will be approximately 36.8% of its total service load by the end of 2025. When customers are served by a CCA, SCE continues to be responsible for the transmission and distribution of
the electricity, as well as metering and billing and consumers must pay the fixed recovery charges on all electricity consumption.

California law also provides limited opportunities for customers in SCE’s service territory to choose to purchase power directly from an
ESP or a Community Aggregator, other than a CCA. A limited, phased-in partial reopening of direct access for nonresidential customers was authorized in 2010, and an additional limited partial reopening of
direct access was authorized in 2018. As of the end of 2024, SCE had 38,756 customers, consuming 12,056 GWh of electricity, who took service on direct access.

Please read “The Depositor, Seller, Initial Servicer and Sponsor—Forecasting Electricity Consumption” in this
prospectus. As with the CCAs, when a customer who previously took bundled service from SCE converts to taking procurement service from an ESP or Community Aggregator, SCE remains that customer’s transmission and distribution provider and
customers must pay the fixed