Asset-Backed Issuer Distribution Report (Form 10-D)

SEMI-ANNUAL SERVICER'S CERTIFICATE

Series 2021-A Senior Secured Recovery Bond

Dated as of 05/08/2026

Current Payment Date

Prior Payment Date

Current Collection Period Start Date

Current Collection Period End Date

1.  Collections Allocable and Aggregate Amounts Available for the Current Payment Date:

Fixed Recovery Charge Remittances ¹

a.   Fixed Recovery Charges Remitted for November Collection Period

b.  Fixed Recovery Charges Remitted for December Collection Period

c.   Fixed Recovery Charges Remitted for January Collection Period

d.  Fixed Recovery Charges Remitted for February Collection Period

e.   Fixed Recovery Charges Remitted for March Collection Period

f.   Fixed Recovery Charges Remitted for April Collection Period

i.   Total Fixed Recovery Charge Remittances

ii.  Investment Earnings on General Subaccount

iii.   General Subaccount Balance (sum i through ii above)

iv.   Capital Subaccount Balance as of Prior Payment Date

v.  Investment Earnings on Capital Subaccount

vi.   Capital Subaccount Balance

vii.  Excess Funds Subaccount Balance as of Prior Payment Date

viii.  Investment Earnings on Excess Funds Subaccount

ix.   Excess Funds Subaccount Balance

x.  Collection Account Balance (sum iii, vi and ix above)

2.  Outstanding Amounts as of Prior Payment Date:

i.   Tranche A-1 Outstanding Principal Amount

ii.  Tranche A-2 Outstanding Principal Amount

iii.   Tranche A-3 Outstanding Principal Amount

iv.   Aggregate Outstanding Principal Amount of All Tranches of Recovery Bonds:

3.  Required Funding/Payments as of Current Payment Date (sum 3.iv, 3.viii, 3.ix, 4.i through 4.v):

Principal Payment by Tranche

i.   Tranche A-1

ii.  Tranche A-2

iii.   Tranche A-3

iv.   For All Tranches of Recovery Bonds

Interest Payment by Tranche

v.  Tranche A-1

vi.   Tranche A-2

vii.  Tranche A-3

viii.  For All Tranches of Recovery Bonds

ix.   Capital Subaccount

4.  Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture

i.   Indenture Trustee Fees and Expenses; Indemnity Amounts (subject to $200,000 cap per annum)

ii.  Servicing Fee

iii.   Administration Fee and Costs & Expenses from Unaffiliated Parties

iv.   Other Ongoing Costs

v.  Return on SCE Capital Contribution

vi.   Semi-Annual Interest (including any past-due interest from prior periods)

In accordance with the April 27, 2023 Amendment to the Servicing Agreement, FRCs Billed are based solely upon actual billed amounts using the separate FRC line item on customers' bills and no longer include FRC billed amounts using distribution based FRCs.

Interest by Tranche⁴

a.   Tranche A-1 Interest Payment

b.  Tranche A-2 Interest Payment

c.   Tranche A-3 Interest Payment

⁴   On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.

vii.  Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date

Principal by Tranche

a.   Tranche A-1 Principal Payment

b.  Tranche A-2 Principal Payment

c.   Tranche A-3 Principal Payment

viii.  Semi-Annual Principal

ix.   Deposit to Excess Funds Subaccount (1.x minus [sum (3., 1.vi and 1.ix)])

x.  Released to Issuer Upon Retirement of All Notes (sum [1.ix and 4.ix] minus 5.i)

xi.   Aggregate Remittances as of Current Payment Date (1.i)

5.  Subaccount Withdrawals as of Current Payment (if applicable, pursuant to Section 8.02(e) of Indenture:

i.   Excess Funds Subaccount (If required, 3. minus 1.iii)

ii.  Capital Subaccount (If required, 3. minus [sum (3., 1.iii. and 1.ix)])

iii.   Total Withdrawals

6.  Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):

i.   Tranche A-1

ii.  Tranche A-2

iii.   Tranche A-3

iv.   Aggregate Outstanding Principal Amount of All Tranches of Recovery Bonds:

v.  Excess Funds Subaccount Balance including Investment Earnings (sum 1.ix and 4.ix minus 5.i)

vi.   Capital Subaccount Balance (3.ix minus 5.ii)

vii.  Aggregate Collection Account Balance (sum 6.v and 6.vi)

7.  Shortfalls in Interest and Principal Payments as of Current Payment Date

Interest Payment Shortfalls by Tranche (if any)

i.   Tranche A-1

ii.  Tranche A-2

iii.   Tranche A-3

Principal Payment Shortfalls by Tranche (if any)

iv.   Tranche A-1

v.  Tranche A-2

vi.   Tranche A-3

8.  Shortfalls in Required Subaccount Levels as of Current Payment Date

i.   Capital Subaccount