SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent [Abstract]

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF OPERATIONS

(in millions)

	Years Ended December 31,
	2012			2011			2010
Operating revenues	$	9		$	4		$	4
Operating expenses	(111		)	(146		)	(114		)
Operating loss	(102		)	(142		)	(110		)
Equity in income from continuing operations of subsidiaries	(289		)	(788		)	463
Interest expense and other	(375		)	(383		)	(355		)
Loss before income taxes	(766		)	(1,313		)	(2		)
Reorganization items	37			—			—
Provision (benefit) for income taxes	122			(235		)	(166		)
Net income (loss) attributable to EME common shareholder	$	(925	)	$	(1,078	)	$	164

CONDENSED STATEMENTS OF CASH FLOWS

(in millions)

	Years Ended December 31,
	2012			2011			2010
Net cash (used in) provided by operating activities	$	(497	)	$	(53	)	$	576
Net cash used in financing activities	(9		)	(2		)	(245		)
Net cash provided by (used in) investing activities	96			366			(84		)
Net (decrease) increase in cash and cash equivalents	(410		)	311			247
Cash and cash equivalents at beginning of period	738			427			180
Cash and cash equivalents at end of period	$	328		$	738		$	427
Cash dividends received from subsidiaries	$	45		$	903		$	125

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in millions)

	Years Ended December 31,
	2012			2011			2010
Net Income (Loss)	$	(925	)	$	(1,078	)	$	164
Other comprehensive loss, net of tax	(44		)	(63		)	(109		)
Comprehensive Income (Loss) Attributable to Edison Mission Energy Common Shareholder	$	(969	)	$	(1,141	)	$	55

CONDENSED BALANCE SHEETS

(in millions)

	December 31,
	2012		2011
Assets
Cash and cash equivalents	$	328	$	738
Affiliate receivables	363		3
Other current assets	15		5
Total current assets	706		746
Investments in subsidiaries	5,015		6,408
Other long-term assets	260		199
Total Assets	$	5,981	$	7,353
Liabilities and Shareholder's Equity
Accounts payable and accrued liabilities	$	18	$	72
Affiliate payables	132		539
Total current liabilities	150		611
Liabilities subject to compromise	5,256		—
Long-term debt	—		3,700
Long-term affiliate debt	—		1,335
Deferred taxes and other	131		45
Total Liabilities	5,537		5,691
Total EME Common Shareholder's Equity	444		1,662
Total Liabilities and Shareholder's Equity	$	5,981	$	7,353

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. Combined 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. Combined 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. Combined Notes to Consolidated Financial Statements—Note 9. Commitments and Contingencies" of this report.