Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 138

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 138
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 entirety by the Wildfire Financing Law, the financing order, any California commission regulation and
U.S. federal securities laws and the rules and regulations promulgated thereunder as in effect at the time such duties are to be performed.

The servicing agreement will also require the servicer to provide various reports regarding the fixed recovery charges and allocation of the
fixed recovery charges among various classes of customers and payments to the bondholders, in each case as are necessary to effect collection, allocation and remittance of payments in respect of fixed recovery charges and other collected funds as
required under the basic documents.

The servicer will be responsible for instituting any action or proceeding to compel performance by
the State of California or the California commission of their respective obligations under the Wildfire Financing Law, the financing order and any true-up adjustment. The servicer will take such legal or
administrative actions, including defending against or instituting and pursuing legal actions and appearing or testifying at hearings or similar proceedings, as may be reasonably necessary to attempt to block or overturn any attempts to cause a
repeal of, modification of or supplement to the Wildfire Financing Law, the financing order or the rights of holders of recovery property by legislative enactment, constitutional amendment or other means that would be adverse to bondholders. Any
costs associated with such legal or administrative action will be borne by us as an operating expense; provided, however, that the servicer will be obligated to institute and maintain such action or proceedings only if it is being reimbursed on a
current basis for its costs and expenses in taking such actions in accordance with the related indenture or series supplement, and is not required to advance its own funds to satisfy these obligations.

True-UpAdjustment Letters

The servicing agreement requires the servicer to submit routine true-up mechanism advice letters to
secure annual true-up adjustments, semi-annual true-up adjustments, if necessary, and, quarterly true-up adjustments, beginning
12 months prior to the scheduled final payment date for the last maturing tranche of the bonds. The servicing agreement also requires the servicer to submit advice letters for routine interim true-up
adjustments at any time if the servicer forecasts that projected fixed recovery charge collections will be insufficient to pay principal of and interest on the bonds and other related financing costs to otherwise satisfy the periodic payment
requirement.

In addition, the financing order permits the servicer to submit a request for a
non-routine true-up adjustment at any time to revise the logic of the methodology used to determine the