[8-K] SOUTHERN CALIFORNIA EDISON Co Reports Material Event

Rhea-AI Filing Summary

Southern California Edison Company, through its affiliate SCE Recovery Funding LLC, issued $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A. The bonds were issued on December 1, 2025 under an Indenture and a Series Supplement, both dated the same day and attached as exhibits.

The bonds were offered under a Prospectus dated November 20, 2025. In connection with the issuance, Southern California Edison Company and the issuing entity entered into a Recovery Property Servicing Agreement, a Recovery Property Purchase and Sale Agreement, an Administration Agreement and an Intercreditor Agreement, each dated December 1, 2025, which are also filed as exhibits.

Insights

Utility capital structure analyst

SCE completes $1.64B recovery bond issuance via dedicated funding LLC.

SCE Recovery Funding LLC issued Senior Secured Recovery Bonds, Series 2025-A, totaling $1,642,716,000 on December 1, 2025. These bonds are issued under an Indenture and Series Supplement, which define the collateral, cash flows and security structure for bondholders.

The transaction is supported by several related agreements between Southern California Edison Company and the issuing entity, including servicing, purchase and sale, administration and intercreditor agreements. Together, these documents allocate responsibilities for managing the underlying recovery property, handling collections and coordinating with the trustee.

The filing highlights that the bonds were offered pursuant to a Prospectus dated November 20, 2025. Future disclosures in company filings may provide additional detail on how this recovery bond issuance interacts with Southern California Edison's broader financing plans and regulatory framework.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: December 1, 2025

(Date of earliest event reported)

Commission file number		Registrant, State of Incorporation or Organization, Address of Principal Executive Offices and Telephone Number		IRS Employer Identification Number
333-290112		SOUTHERN CALIFORNIA EDISON COMPANY (a California Corporation) 2244 Walnut Grove Avenue (P.O. Box 800) Rosemead, California 91770 (626) 302-1212		95-1240335
333-290112-01		SCE RECOVERY FUNDING LLC (a Delaware limited liability company) 2244 Walnut Grove Avenue (P.O. Box 5407) Rosemead, California 91770 (626) 302-7255		85-3002154

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
		None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On December 1, 2025, SCE Recovery Funding (the “Issuing Entity”) issued $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A (the “Bonds”), pursuant to an Indenture and Series Supplement (together, the “Indenture”), each dated as of December 1, 2025, and each of which are annexed hereto as Exhibits 4.1 and 4.2, respectively. The Bonds were offered pursuant to the Prospectus dated November 20, 2025. In connection with this issuance of the Bonds, Southern California Edison Company and the Issuing Entity entered into the Recovery Property Servicing Agreement, Recovery Property Purchase and Sale Agreement, Administration Agreement and Intercreditor Agreement, each dated as of December 1, 2025, which are annexed hereto as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
4.1		Indenture between SCE Recovery Funding LLC and the Indenture Trustee (including forms of the Senior Secured Recovery Bonds), dated as of December 1, 2025
4.2		Series Supplement between SCE Recovery Funding LLC and the Indenture Trustee, dated as of December 1, 2025
5.1		Opinion of Norton Rose Fulbright US LLP with respect to legality
8.1		Opinion of Norton Rose Fulbright US LLP with respect to federal tax matters
10.1		Recovery Property Servicing Agreement between SCE Recovery Funding LLC and Southern California Edison Company, as Servicer, dated as of December 1, 2025
10.2		Recovery Property Purchase and Sale Agreement between SCE Recovery Funding LLC and Southern California Edison Company, as Seller, dated as of December 1, 2025
10.3		Administration Agreement between SCE Recovery Funding LLC and Southern California Edison Company, as Administrator, dated as of December 1, 2025
10.4		Intercreditor Agreement between SCE Recovery Funding LLC, Southern California Edison Company, The Bank of New York Mellon Trust Company, N.A. and the Trustee, dated as of December 1, 2025
23.1		Consent of Norton Rose Fulbright US LLP (included as part of its opinions filed as Exhibit 5.1, Exhibit 8.1 and Exhibit 99.2)
99.2		Opinion of Norton Rose Fulbright US LLP with respect to U.S. and California constitutional matters

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

				SOUTHERN CALIFORNIA EDISON COMPANY
				By:		/s/ Brendan Bond
						Brendan Bond
Dated: December 1, 2025						Vice President and Treasurer
				SCE RECOVERY FUNDING LLC
				By:		/s/ Brendan Bond
						Brendan Bond
Dated: December 1, 2025						Vice President, Treasurer and Manager

FAQ

What did Southern California Edison Company disclose in this 8-K?

Southern California Edison Company disclosed that its affiliate SCE Recovery Funding LLC issued $1,642,716,000 of Senior Secured Recovery Bonds, Series 2025-A on December 1, 2025, under an Indenture and Series Supplement filed as exhibits.

How large is the SCE Recovery Funding LLC Series 2025-A bond issuance?

The Series 2025-A issuance by SCE Recovery Funding LLC totals $1,642,716,000 in Senior Secured Recovery Bonds, as stated in the report.

Under what documents were the SCE Series 2025-A recovery bonds issued?

The bonds were issued under an Indenture and a Series Supplement, each dated December 1, 2025, which are attached as Exhibits 4.1 and 4.2 and set the terms and security for the bonds.

What related agreements accompany the SCE recovery bond issuance?

In connection with the issuance, Southern California Edison Company and the issuing entity entered into a Recovery Property Servicing Agreement, a Recovery Property Purchase and Sale Agreement, an Administration Agreement and an Intercreditor Agreement, each dated December 1, 2025.

When was the prospectus for the SCE Series 2025-A bonds dated?

The Prospectus for the Senior Secured Recovery Bonds, Series 2025-A, is dated November 20, 2025, and the bonds were offered pursuant to that prospectus.

Who signed the 8-K for Southern California Edison Company and SCE Recovery Funding LLC?

The report was signed on behalf of both Southern California Edison Company and SCE Recovery Funding LLC by Brendan Bond, identified as Vice President and Treasurer for SCE and Vice President, Treasurer and Manager for SCE Recovery Funding LLC.