Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 64

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 64
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 bonds and potential conflicts of interest among bondholders” in this prospectus. In addition, SCE has covenanted in the sale agreement that it will not sell
recovery property or property comparable to the recovery property unless, among other conditions, the rating agency condition is satisfied and until it has entered into an intercreditor agreement described in “Security for the Bonds—Intercreditor Agreement” in this prospectus. Please read “The Sale Agreement—Covenants of the Seller” in this prospectus.

THE DEPOSITOR, SELLER, INITIAL SERVICER AND SPONSOR

General

SCE
will be the depositor, seller and initial servicer of the recovery property securing the bonds, and will be the sponsor of the securitization in which bonds covered by this prospectus are issued.

SCE is an investor-owned public utility, organized under California law, primarily engaged in the business of supplying and delivering
electricity through SCE’s electrical infrastructure to an approximately 50,000 square-mile area of southern California, excluding the City of Los Angeles and certain other cities. At December 31, 2024, SCE provided transmission and
distribution service of electric power to 5.271 million retail consumers and during the twelve months ended December 31, 2024, SCE’s total operating revenue was derived as follows: 43.2% commercial customers, 38.1% residential
customers, 4.0% public authorities, 2.5% industrial customers, 1.8% agricultural 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