Company: SCE-PL
Filing Date: 2025-11-24
Form Type: 424B1
Source: 0001193125-25-293755
Chunk: 41

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-24
Form: 424B1
Chunk 41
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, whether those electric transmission or distribution facilities are owned by the customer, SCE, or any other party. The recovery property is not a receivable, and the recovery property and other collateral held by the trustee securing the bonds do not constitute a pool of receivables. Fixed recovery charges that relate to the recovery property are irrevocable and not subject to reduction, impairment, postponement, termination or, except for the specified true-upadjustments to correct any overcollections or undercollections, adjustment by further action of the California commission. The rates at which fixed recovery charges are billed to customers will be adjusted to correct any overcollections or undercollections from prior periods. These adjustments are intended to ensure the recovery of revenues sufficient to retire the principal amount of the bonds in accordance with the expected sinking fund schedule, to pay all interest on the bonds when due, to pay fees and expenses of servicing the bonds and premiums, if any, associated with the bonds and to fund any required credit enhancement for 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