Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 44

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 44
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 the bonds. In addition to the annual true-upadjustments, the servicer is also required to implement (a) quarterly true-upadjustments beginning 12 months prior to the last scheduled final payment date of the last maturing tranche of the bonds, and (b) may request an interim true-upadjustment at any time to ensure timely payment of scheduled principal of and interest on the bonds and other required amounts and charges owing in connection with the bonds on the next payment date. There is no cap on the level of fixed recovery charges that may be imposed on customers as a result of the true-upadjustment process to pay principal of and interest on the bonds when due and other required amounts and charges owing in connection with the bonds. All revenues and collections resulting from fixed recovery charges provided for in the financing order are part of the recovery property. The recovery property relating to the bonds is described in more detail under “ The Recovery Property and the Wildfire Financing Law” in this prospectus. In the financing order, the California commission, among other things:

| • |     | orders that the fixed recovery charges shall be nonbypassable and recovered from existing and future customers in                                                                                                                               
 SCE’s service territory as such service territory as it existed as of the date of the financing order except for customers participating in the CARE or FERA programs, and that the fixed recovery charges shall be imposed on all customers in 
 accordance with the methodology approved in the financing order;                                                                                                                                                                                |

| • |     | orders that the owner of the recovery property will be entitled to recover fixed recovery charge revenues in                            
 amounts sufficient to pay the principal and interest on the bonds together with all operating expenses, all as the same become due; and |

| • |     | orders that the transfer of the recovery property to us by SCE shall be treated as an absolute transfer of all of                                                                                          
 SCE’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 income tax and state income and franchise tax purposes. |

Please read “ The Recovery Property and the Wildfire Financing Law” and “ SCE’s Financing Order” in this prospectus for more information. The characteristics of recovery property are unlike the characteristics of assets underlying mortgage and other commercial asset-based financings because recovery property is a creature of statute and state regulatory commission proceedings. Because the nature and characteristics of recovery property and many elements of recovery bond financings are set forth in and constrained by the Wild