SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT

SCHEDULE I

EDISON MISSION ENERGY AND SUBSIDIARIES

CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED BALANCE SHEETS

(in millions)

	December 31,
	2011		2010
Assets
Cash and cash equivalents	$	738	$	427
Affiliate receivables	3		91
Other current assets	5		5
Total current assets	746		523
Investments in subsidiaries	6,408		7,792
Other long-term assets	199		316
Total Assets	$	7,353	$	8,631
Liabilities and Shareholder's Equity
Accounts payable and accrued liabilities	$	72	$	75
Affiliate payables	539		580
Total current liabilities	611		655
Long-term debt	3,700		3,700
Long-term affiliate debt	1,335		1,343
Deferred taxes and other	45		116
Total Liabilities	5,691		5,814
Total EME Common Shareholder's Equity	1,662		2,817
Total Liabilities and Shareholder's Equity	$	7,353	$	8,631

SCHEDULE I

EDISON MISSION ENERGY AND SUBSIDIARIES

CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF OPERATIONS

(in millions)

	Years Ended December 31,
	2011			2010			2009
Operating revenues	$	4		$	4		$	6
Operating expenses	(146		)	(114		)	(121		)
Operating loss	(142		)	(110		)	(115		)
Equity in income from continuing operations of subsidiaries	(788		)	463			488
Interest expense and other	(383		)	(355		)	(393		)
Loss before income taxes	(1,313		)	(2		)	(20		)
Benefit for income taxes	(235		)	(166		)	(217		)
Net income (loss) attributable to EME common shareholder	$	(1,078	)	$	164		$	197

SCHEDULE I

EDISON MISSION ENERGY AND SUBSIDIARIES

CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF CASH FLOWS

(in millions)

	Years Ended December 31,
	2011			2010			2009
Net cash provided by (used in) operating activities	$	(53	)	$	576		$	100
Net cash used in financing activities	(2		)	(245		)	(517		)
Net cash provided by (used in) investing activities	366			(84		)	(152		)
Net increase (decrease) in cash and cash equivalents	311			247			(569		)
Cash and cash equivalents at beginning of period	427			180			749
Cash and cash equivalents at end of period	$	738		$	427		$	180
Cash dividends received from subsidiaries	$	903		$	125		$	367

Note 1. Basis of Presentation

EME (parent company only) has accounted for wholly owned subsidiaries using the equity method. These financial statements are presented on a condensed basis. Additional disclosures relating to the parent company financial statements are included in "Item 8. Edison Mission Energy and Subsidiaries Notes to Consolidated Financial Statements" of this report.

Note 2. Long-term Debt

For a description and details of long-term debt of EME, including the parent company senior notes, see "Item 8. Edison Mission Energy and Subsidiaries Notes to Consolidated Financial Statements—Note 5. Debt and Credit Agreements" of this report.

Note 3. Commitments and Contingencies

For a description of all material contingencies and guarantees of EME, including the parent company only, see "Item 8. Edison Mission Energy and Subsidiaries Notes to Consolidated Financial Statements—Note 9. Commitments and Contingencies" of this report.