Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 63

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 63
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 us or by another affiliate of SCE, the fixed recovery
charges should be allocated ratably between the trustee and other bond trustees for each of the Prior Recovery Bonds and each series of additional recovery bonds or additional other bonds.

In addition, SCE may seek seperate financing orders to recover other costs. Please read “Risk Factors—Other Risks Associated with an Investment in the Bonds—SCE may cause the issuance, either through us or other affiliated entities, of additional recovery bonds or additional other bonds secured by additional recovery property or other property that includes a nonbypassable charge on customers, which may cause a delay in the payment of the 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