# SCE Recovery Funding LLC — bankruptcy/administration [announced]
Source: SEC API (secapi.ai) · situation sit_fcb46d3b4917686cac8f · retrieved 2026-08-12T21:25:47.617Z

## Overview
SCE Recovery Funding LLC is a Delaware limited liability company that finances and manages recovery property created under California's Wildfire Financing Law, issuing recovery bonds secured by fixed recovery charges collected from electric utility customers.

SCE Recovery Funding LLC, a Delaware limited liability company, issued $1,953,948,000 of Senior Secured Recovery Bonds, Series 2026-A on July 28, 2026, pursuant to an Indenture and Series Supplement dated the same date. The Bonds were offered pursuant to a Prospectus dated July 21, 2026. In connection with the issuance, Southern California Edison Company and the Issuing Entity entered into a Recovery Property Servicing Agreement, Recovery Property Purchase and Sale Agreement, Administration Agreement, and Intercreditor Agreement, each dated July 28, 2026. The Bonds are non-recourse obligations secured by and payable solely from the proceeds of Recovery Property and other Recovery Bond Collateral, with holders having no claim against the Issuer if such proceeds are insufficient.

## Terms
- Counterparty: Southern California Edison Company · Deal value: $1.95B · Consideration: cash

## Key dates
- Announced 2026-07-28

## Timeline
- 2026-07-28 · 8-K (0001193125-26-321246): 8-K - SCE Recovery Funding LLC — *SCE Recovery Funding LLC is a Delaware limited liability company that finances and manages recovery property created under California's Wildfire Financing Law, issuing recovery bonds secured by fixed recovery charges collected from electric utility customers.* SCE Recovery Funding LLC, a Delaware limited liability company, issued $1,953,948,000 of Senior Secured Recovery Bonds, Series 2026-A on July 28, 2026, pursuant to an Indenture and Series Supplement dated the same date. The Bonds were offered pursuant to a Prospectus dated July 21, 2026. In connection with the issuance, Southern California Edison Company and the Issuing Entity entered into a Recovery Property Servicing Agreement, Recovery Property Purchase and Sale Agreement, Administration Agreement, and Intercreditor Agreement, each dated July 28, 2026. The Bonds are non-recourse obligations secured by and payable solely from the proceeds of Recovery Property and other Recovery Bond Collateral, with holders having no claim against the Issuer if such proceeds are insufficient.
  https://www.sec.gov/Archives/edgar/data/1826571/0001193125-26-321246.txt

## Citations
- 0001193125-26-321246 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526321246