Company: SCE-PL
Filing Date: 2025-09-08
Form Type: SF-1
Source: 0001193125-25-198426
Chunk: 9

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-09-08
Form: SF-1
Chunk 9
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 owed under any bill including fixed recovery charges, any resulting shortfalls in fixed recovery charges will be allocated ratably between the trustee and other bond     
 trustees for each series of Prior Recovery Bonds and each series of additional recovery bonds. Please read “The Servicing Agreement—Remittances to Collection Account” in this prospectus.                                                              |
| Allocation among series of Recovery Bonds |     | The bonds are not and will not be subordinated in right of payment to the Prior Recovery Bonds or any additional recovery bonds. Each series                                                                                                            
 of the Prior Recovery Bonds are, and the bonds and each series of additional recovery bonds will be, secured by its own separate recovery property, each of which will include the right to impose, bill, collect and receive fixed recovery charges    
 calculated in respect of that series, and the right to impose true-up adjustments to correct overcollections or undercollections in respect of that series. Each series will also have its own collection                                               
 account, including any related subaccounts, into which revenue from the fixed recovery charges relating to that series will be deposited and from which amounts will be withdrawn to pay the related series of recovery bonds. Holders of one series of 
 recovery bonds will have no recourse to collateral for a different series. Each series of additional recovery bonds will also have the benefit of a true-up mechanism. See “Security for the                                                            
 Bonds—Description of Indenture Accounts” and “—How Funds in the Collection Account Will Be Allocated” in this prospectus.                                                                                                                               
 Although each series of the Prior Recovery Bonds have, and the bonds and each series of additional recovery bonds will have their own recovery property, fixed                                                                                          
 recovery charges relating to the bonds and fixed recovery charges relating to any other series will be collected through single electricity bills to each customer. The fixed recovery charges for each series of recovery bonds may not be separately  
 identified on customer electricity bills, although customer electricity bills will state that a portion of the electricity bill consists of the rights to the fixed recovery charges that have been sold to the financing entity created to issue such  
 additional recovery bonds.   In the event a customer does not pay in full all amounts                                                                                                                                                                   
 owed under any bill including fixed recovery charges, the servicer is required to allocate any resulting shortfalls in fixed recovery charges ratably based on the amounts of fixed recovery charges owing in respect of the bonds, each series of the  
 Prior Recovery Bonds and any amounts owing in respect of any additional recovery bonds. See “The Servicing Agreement—Remittances to Collection