Company: SCE-PL
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001193125-25-002794
Chunk: 36

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-01-07
Form: 424B5
Chunk 36
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/ 2% (subject to redetermination by agreement between us and The Bank of New York Mellon Trust Company, N.A., as trustee) of the aggregate principal amount of the first mortgage bonds and underlying bonds then outstanding (excluding certain bonds and underlying bonds, such as bonds called for redemption), less certain amounts paid or credited in respect of underlying bonds. The term 4

“underlying bonds” is defined in the first mortgage bond indenture to mean any bonds or other evidence of indebtedness secured by property subsequently acquired by us. Amounts in the special trust fund may, in general, be paid out for payment, redemption (at the redemption prices, including applicable premiums, set forth in the first mortgage bonds and subject to the limitation on refunding applicable to various series) or purchase of first mortgage or underlying bonds, or to reimburse us for the acquisition of certain additional properties. The foregoing deposit requirement has not affected our cash flow, because the cash deposited has been simultaneously offset by its payment to us to reimburse us for the acquisition of additional properties. Thus, there currently are no funds on deposit in the Special Trust Fund. Issue of Additional Bonds In general, additional bonds, ranking equally and ratably with the first mortgage bonds, may be issued, subject to certain restrictions and requirements described below, in principal amounts equal to the lesser of (i) the amount authorized under the net earnings test described below and (ii) the sum of the following:

| a. | Certain bonds and underlying bonds acquired, redeemed or otherwise retired. |

| b. | Cash deposited to pay or redeem bonds or underlying bonds. |

| c. | 662/3% of the net amount of                                                                                                                                             
 additional property constructed or acquired by us and not theretofore used for other purposes under the first mortgage bond indenture, subject to certain restrictions. |

| d. | Cash deposited in an advance construction account with The Bank of New York Mellon Trust Company, N.A., as                           
 trustee (in certain events with such trustee’s consent), to be withdrawn to reimburse us for 662/3% of unbonded additional property. |

As of June 30, 2024, there were no first mortgage bonds acquired, redeemed or otherwise retired against which bonds might be issued under the first mortgage bond indenture pursuant to clause (a) above. The net amount of additional property against which bonds might be issued under the first mortgage bond indenture pursuant to clause (c) above was approximately $24.56 billion, resulting in the ability to