Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 47

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 47
---
 electric consumption and customer growth within its service territory and 
 (ii) forecasts of expected energy sales and customer growth; and                                      |

| • |     | analyzed the sensitivity of the weighted average lives of the bonds in relation to variances in actual energy                                                                                             
 consumption levels and related charge collections from forecasted levels and in relation to the true-up adjustment in order to assess the probability that the weighted average lives of the bonds may be 
 extended as a result of such variances, and in the context of the operation of the true-up adjustment for adjustment of fixed recovery charges to address undercollections or overcollections in light of 
 scheduled payments on the bonds to prevent an event of default.                                                                                                                                           |

As a result of this review, SCE has concluded that:

| • |     | the recovery property, the financing order and the agreements to be entered into in connection with the issuance 
 of the bonds meet in all material respects the applicable statutory and regulatory requirements;                 |

| • |     | the disclosure in this prospectus regarding the Wildfire Financing Law, the financing order and the agreements to                                             
 be entered into in connection with the issuance of the bonds is as of its date, accurate in all material respects and fails to omit any material information; |

| • |     | the servicer has adequate processes and procedures in place to perform its obligations under the servicing 
 agreement;                                                                                                 |

| • |     | fixed recovery charge revenues, as adjusted from time to time as provided in the Wildfire Financing Law and the            
 financing order, are expected to be sufficient to pay on a timely basis scheduled principal and interest on the bonds; and |

| • |     | the design and scope of SCE’s review of the recovery property as described above is effective to provide                          
 reasonable assurance that the disclosure regarding the recovery property in this prospectus is accurate in all material respects. |

- 41 -

THE RECOVERY PROPERTY AND THE WILDFIRE FINANCING LAW The Wildfire Financing Law Generally The risk of catastrophic wildfires has been increasing in California for years, largely due to multiple factors, including the buildup of dry vegetation in areas severely impacted by years of historic drought, lack of adequate clearing of hazardous fuels by responsible parties, higher temperatures and lower humidity. In 2017 and 2018, a number of catastrophic wildfires occurred in California that caused substantial damage to residential and business properties in the state and damaged the transmission and distribution infrastructure of SCE and other utilities. In addition, utility property was determined to be associated with the ignition of certain of these