Exhibit 99.1

Edison Mission Energy
Homer City — Funds Flow from Operations
Twelve Months Ended December 31, 2002
(In Millions) (Unaudited)

			EME Homer City Generation L.P.			Edison Mission Finance Co.			Mission Energy Westside, Inc.		Chestnut Ridge Energy Co.		Homer City Property Holdings			Edison Mission Holdings Co.			Reclassification Adjustments (Note 1)			Edison Mission Holdings Co.			Sale Leaseback Adjustments (Note 2)			Homer City Facilities
			(SEC Reporting Basis)													(Parent)						(Consolidated)
Project Revenues
	Electric revenues		$	389.0		$	0.0		$	0.0	$	0.0	$	0.0		$	0.0		$	0.0		$	389.0		$	0.0		$	389.0
	Income (loss) from price risk management			(1.6	)		—			—		—		—			—			—			(1.6	)		—			(1.6	)
		Total operating revenues		387.4			—			—		—		—			—			—			387.4			—			387.4
Project Operating Expenses
	Fuel			147.9			—			—		—		—			—			—			147.9			—			147.9
	Plant operations			86.8			—			—		—		—			—			—			86.8			102.2			189.0
	Depreciation and amortization			61.9			—			—		—		0.0			—			—			61.9			(47.3	)		14.6
	Administrative and general			4.3			0.1			—		—		—			0.0			(4.0	)		0.4			—			0.4
		Total operating expenses		300.9			0.1			—		—		0.0			0.0			(4.0	)		297.0			54.9			351.9
Project Revenues less Operating Expenses				86.5			(0.1	)		—		—		(0.0	)		(0.0	)		4.0			90.4			(54.9	)		35.5
Project Other Income (Expense)
	Interest and other income			2.4			—			0.0		0.1		0.0			—			(0.4	)		2.1			—			2.1
	Intercompany interest income (expense)			(49.7	)		49.7			—		—		—			—			—			—			—			—
	Interest expense			(119.8	)		—			—		—		—			—			—			(119.8	)		119.0			(0.8	)
		Total other income (expense)		(167.1	)		49.7			0.0		0.1		0.0			—			(0.4	)		(117.7	)		119.0			1.3
Income (Loss) before Income Taxes				(80.6	)		49.6			0.0		0.1		0.0			(0.0	)		3.6			(27.3	)		64.1			36.8
Income Taxes				(34.9	)		19.1			0.0		0.0		0.0			(0.0	)		1.4			(14.4	)		28.9			14.5
Net Income (Loss)			$	(45.7	)	$	30.5		$	0.0	$	0.1	$	0.0		$	(0.0	)	$	2.2		$	(12.9	)	$	35.2		$	22.3
Funds Flow from Operations
Income (loss) before Income Taxes			$	(80.6	)	$	49.6		$	0.0	$	0.1	$	0.0		$	(0.0	)	$	3.6		$	(27.3	)	$	64.1		$	36.8
Add (deduct):
	Depreciation and amortization			61.9			—			—		—		0.0			—			—			61.9			(47.3	)		14.6
Funds Flow from Operations			$	(18.7	)	$	49.6		$	0.0	$	0.1	$	0.0		$	(0.0	)	$	3.6		$	34.6		$	16.8		$	51.4

Note 1	Includes: (a) reclassification adjustment related to presentation of operations expenses with no impact on income before taxes, (b) push down of parent G&A for SEC reporting.
Note 2	Consolidation adjustment required to report the Homer City Leases as operating leases by Edison Mission Energy and Subsidiaries in lieu of lease financings recorded by EME Homer City Generation L.P.
The above schedule is provided as supporting financial information to the Funds Flow from Operations set forth in Management's Discussion and Analysis of Financial Condition and Results of Operations. Homer City Facilities is not a legal entity and accordingly, the above financial information for the Homer City Facilities has not been prepared in accordance with generally accepted accounting standards.