Every 424B that SOUTHERN CALIFORNIA EDISON Co (SCE-PG) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SCE-PG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SCE-PG filings page.
SCE Recovery Funding LLC, a special-purpose subsidiary of Southern California Edison, is issuing $1,953,948,000 of Senior Secured Recovery Bonds, Series 2026-A, in three tranches (A-1, A-2, A-3). The bonds are backed by “recovery property,” primarily the right to levy special, irrevocable, nonbypassable fixed recovery charges on virtually all existing and future SCE electricity customers in its May 23, 2026 CPUC-approved service territory, excluding CARE and FERA customers. Cash flows are supported by a statutory true-up mechanism requiring at least annual, and more frequent as needed, adjustments to charges to ensure timely payment of scheduled principal, interest and related costs.
Tranche sizes are $600 million, $645 million and $708.948 million, with interest rates of 5.388%, 6.036% and 6.093%, expected weighted average lives of 10.09, 22.38 and 30.07 years, and final maturities ranging from 2045 to 2061. Bonds are non-callable and pay semi-annually starting June 15, 2027. Credit enhancement comes from the true-up mechanism and indenture accounts, including a capital subaccount funded at 0.50% of initial principal and an excess funds subaccount. Net proceeds of about $1.95 billion will be used to purchase recovery property, allowing SCE to refinance approved Woolsey Fire-related WEMA costs and associated financing costs.
Southern California Edison Company is offering $500,000,000 principal amount of 4.95% First and Refunding Mortgage Bonds, Series 2026B, due September 15, 2031. Interest accrues from May 7, 2026 and is payable semi‑annually on March 15 and September 15, beginning September 15, 2026. The bonds are senior secured obligations, will be issued in book‑entry form through DTC, and may be optionally redeemed at the company’s election (make‑whole prior to August 15, 2031; par thereafter). Net proceeds are intended to repay commercial paper borrowings and for general corporate purposes. The public offering price is 99.867% with underwriting discount 0.600%.
Southern California Edison Company filed a preliminary prospectus supplement dated May 4, 2026 for an offering of its Series 2026B First and Refunding Mortgage Bonds. The supplement describes secured bonds to be issued under the company’s long‑standing first mortgage bond indenture and states proceeds are intended to repay commercial paper borrowings and be used for general corporate purposes. The prospectus discloses interest will accrue from May 2026, semiannual interest payments beginning September 15, 2026, and delivery of the bonds is expected in global form through DTC in May 2026. The offering is described as subject to completion and contains customary risk factors regarding lien priorities, liquidation and bankruptcy limitations, optional redemption mechanics (including a make‑whole provision prior to the Par Call Date), and depositary (DTC/Clearstream/Euroclear) procedures.
Southern California Edison Company is offering secured first and refunding mortgage bonds, including a reopening of its 5.15% Series 2024D bonds maturing on June 1, 2029, and a new Series 2026A with terms to be set in this supplement, subject to completion.
The prospectus supplement states the bonds will be senior secured obligations ranking equally with other senior secured debt, may be issued in global book-entry form through DTC, and are redeemable at the issuer’s option with a make-whole formula prior to specified par call dates. Net proceeds are intended to repay commercial paper borrowings and for general corporate purposes; the current weighted average interest rate on the company’s commercial paper is 4.26%.
SCE Recovery Funding LLC, an affiliate of Southern California Edison (SCE), is issuing $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A in three tranches backed by dedicated wildfire recovery charges on SCE customers’ electric bills. The A-1, A-2 and A-3 tranches have principal amounts of $442.716 million, $600 million and $600 million with interest rates of 4.453%, 5.341% and 5.541% and expected weighted average lives of 5.66, 15.02 and 22.22 years, respectively.
The bonds are secured by “recovery property,” including nonbypassable fixed recovery charges and related accounts, and are non-recourse to SCE, Edison International, the State of California or the CPUC. A statutory true-up mechanism allows periodic adjustment of charges to target timely payment of interest and principal, with semi-annual payments each March 15 and September 15 starting September 15, 2026.
Net proceeds to the issuing entity are approximately $1.636 billion before expenses and will be used to purchase recovery property from SCE. SCE will apply its proceeds to recover and refinance Thomas Fire and Montecito debris flow Wildfire Expense Memorandum Account (WEMA) costs, related interim financing expenses and eligible financing costs under California’s Wildfire Financing Law.