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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 1,138 $ 888
Accounts receivable-trade 81 73
Receivables from affiliates 6 8
Inventory 121 175
Derivative assets 35 53
Restricted cash and cash equivalents 15 11
Margin and collateral deposits 85 61
Prepaid expenses and other 44 54
Total current assets 1,525 1,323
Investments in Unconsolidated Affiliates 543 534
Property, Plant and Equipment, less accumulated depreciation 3,934 4,516
Other Assets    
Deferred financing costs 35 44
Long-term derivative assets 21 37
Restricted deposits 103 102
Rent payments in excess of levelized rent expense under plant operating leases 799 836
Other long-term assets 94 128
Total other assets 1,052 1,147
Total Assets 7,054 7,520
Current Liabilities    
Accounts payable 26 29
Payables to affiliates 32 34
Accrued liabilities and other 83 67
Interest payable 7 1
Current portion of long-term debt 90 307
Short-term debt 0 382
Total current liabilities 238 820
Liabilities subject to compromise 3,979 3,959
Long-term debt net of current portion 1,433 749
Deferred taxes and tax credits, net (Note 7) 53 81
Deferred revenues 513 533
Long-term derivative liabilities 69 118
Other long-term liabilities 510 528
Total Liabilities 6,795 6,788
Commitments and Contingencies (Notes 5, 6, 9 and 10)      
Equity    
Common stock and membership interests 64 64
Additional paid-in capital 1,137 1,095
Retained earnings (deficit) (1,225) (577)
Accumulated other comprehensive loss (109) (138)
Total Edison Mission Energy common shareholder's equity (133) 444
Noncontrolling Interests 392 288
Total Equity 259 732
Total Liabilities and Equity 7,054 7,520
Midwest Generation LLC
   
Current Assets    
Cash and cash equivalents 120 95
Receivables from affiliates 38 40
Inventory 102 165
Interest receivable from affiliate, net (Note 1) 0 0
Derivative assets 1 2
Prepaid expenses and other 20 20
Total current assets 281 322
Property, Plant and Equipment, less accumulated depreciation 1,542 2,078
Notes receivable from affiliate, net (Note 1) 0 0
Other Assets    
Other long-term assets 10 28
Total Assets 1,833 2,428
Current Liabilities    
Accounts payable 6 10
Payables to affiliates 4 3
Accrued liabilities and other 29 18
Derivative liabilities 2 3
Interest payable 6 1
Current portion of lease financings 0 6
Total current liabilities 47 41
Liabilities subject to compromise 542 529
Deferred taxes and tax credits, net (Note 7) 0 0
Other long-term liabilities 194 192
Total Liabilities 783 762
Commitments and Contingencies (Notes 5, 6, 9 and 10)      
Equity    
Common stock and membership interests 0 0
Additional paid-in capital 3,405 3,405
Retained earnings (deficit) (2,308) (1,689)
Accumulated other comprehensive loss (47) (50)
Total Equity 1,050 1,666
Total Liabilities and Equity $ 1,833 $ 2,428