Company: SCE-PL
Filing Date: 2025-11-17
Form Type: 424B3
Source: 0001193125-25-283973
Chunk: 60

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-11-17
Form: 424B3
Chunk 60
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 |                    |  4.0 | % |     |                            |  6.0 | % |
| Small AG & Pump (< 200 kW)                  |     |                    |  2.2 | % |     |                            |  2.7 | % |
| Large AG & Pump (≥ 200 kW)                  |     |                    |  1.7 | % |     |                            |  2.1 | % |
| Street/Area Lighting                        |     |                    |  0.6 | % |     |                            |  0.6 | % |

| * | Note: Percentages may not add up due to rounding. |

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Although the fixed recovery charges payable by each FRC consumer class will differ, any
deficiency in the payment of such charges by any class of customers, including write-offs, will be included in determining the periodic payment requirement used in calculating the next “true-up”
adjustment for all customers (other than exempted customers). Thus, all customers (other than exempted customers) will be responsible for paying the fixed recovery charges. Please read “SCE’s Financing Order—Fixed Recovery Charges—The Financing Order Requires the Servicer to Periodically “True-Up”the Fixed Recovery Charge” in this prospectus.

The Financing Order Requires the Servicer to Periodically “True-Up”the Fixed Recovery Charge

The financing order requires that the servicer submit with the California commission at least annually, an advice letter (each, an advice letter), applying the true-up methodology described above, to adjust the fixed recovery charges to ensure the recovery of revenues sufficient to provide for the timely payment of the periodic payment
requirement. In addition to the mandatory annual true-up adjustment, the servicer is required to submit semi-annual advice letter to provide an accounting of historical
over-collection and under-collection of Fixed Recovery Charges. The financing order permits the servicer to make a semi-annual true-up adjustment in connection with the filing of the semi-annual advice
submission if it forecasts that Fixed Recovery Charge collections will be insufficient to make scheduled payments of principal of and interest on the Bonds and other Financing Costs on a timely basis during the current or next succeeding payment
period or to replenish any draws upon the capital subaccount. In addition, the servicer is authorized under the financing order to make interim routine adjustments at any time the servicer deems necessary to ensure the recovery of revenues
sufficient to provide for the timely payment