Southern California Edison’s $500 Million Offering and Edison International’s $500 Million Offering

Cleary Gottlieb represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Truist Securities Inc., as representatives of the underwriters, in an offering of $500 million aggregate principal amount of 4.95% first-and-refunding mortgage bonds, Series 2026B, due 2031, by Southern California Edison Company (SCE).

These senior debt securities are secured by a lien on substantially all of SCE’s property and franchises. The bond transactions priced on May 4, 2026, and is expected to close on May 7, 2026.

Cleary also represented Barclays Capital Inc. and BofA Securities Inc., as representatives of the underwriters, in an offering of $500 million 5% senior notes due 2028 by Edison International. The offering priced on April 30, 2026, and is expected to close on May 5, 2026.

Edison International is the publicly listed parent holding company of SCE, a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central, and Coastal California serving approximately 5 million customers. Edison International also owns Trio, a global energy advisory firm providing integrated sustainability and energy solutions to commercial, industrial, and institutional customers. Cleary has been longtime designated underwriters’ counsel on securities offerings by both Edison International and SCE.

The Cleary team is led by partner Jeff Karpf and counsel Elizabeth Chang and included corporate staff attorney Christine Via and law clerk Sonia Helen Pascale.