EXHIBIT 23.1

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                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the use of our report of
the consolidated financial statements of Edison Mission Holdings Co., dated
February 24, 2000 included in the prospectus, which is part of this registration
statement, the use of our reports on the financial statements of Edison Mission
Finance Co., Chestnut Ridge Energy Co. and EME Homer City Generation L.P. each
dated February 24, 2000 included in the prospectus, which is part of this
registration statement and to the incorporation by reference of our report on
the consolidated financial statements of Edison Mission Energy, dated March 28,
2000 included in Edison Mission Energy's Annual Report on Form 10-K/A for the
year ended December 31, 1999 and to all references to our Firm included in or
made a part of the prospectus, which is part of this registration statement.

/s/ Arthur Andersen LLP

Los Angeles, California
June 8, 2000