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Exhibit 99.2

Edison Mission Energy
Illinois Plants — Funds Flow from Operations
Twelve Months Ended March 31, 2003
(In Millions) (Unaudited)

				Midwest Generation LLC			Edison Mission Overseas Co.			Edison Mission Midwest Holdings			Consolidation Adjustments (Note 2)			Sale Leaseback Adjustments (Note 1)			Edison Mission Midwest Holdings			Sale Leaseback Adjustments (Note 3)			Illinois Plants
				(SEC Reporting Basis)			(Consolidated)			(Parent)									(Consolidated)
Project Revenues
	Electric revenues			$	1,196		$	—		$	—		$	—		$	—		$	1,196		$	—		$	1,196
	Loss from price risk management				(1	)		—			—			—			—			(1	)		—			(1	)
		Total Operating revenues			1,195			—			—			—			—			1,195			—			1,195
Project Operating Expenses
	Fuel				437			—			—			—			—			437			—			437
	Plant operations				336			—			—			—			25			361			75			436
	Asset impairment and other charges				70			—			—			—			—			70			—			70
	Settlement of postretirement employee benefit liability				(71	)		—			—			—			—			(71	)		—			(71	)
	Depreciation and amortization				183			—			—			—			(25	)		158			(43	)		115
	Administrative and general				25			1			1			(17	)		—			10			—			10
		Total operating expenses			980			1			1			(17	)		—			965			32			997
Project Revenues less Operating Expenses					215			(1	)		(1	)		17			—			230			(32	)		198
Project Other Income (Expense)
	Interest and other income				(1	)		1			2			—			—			2			—			2
		Intercompany interest income (expense):
		Edison Mission Energy			117			—			—			—			—			117			—			117
		Edison Mission Overseas			(228	)		228			—			—			—			—			—			—
	Interest expense				(121	)		—			(82	)		—			33			(170	)		88			(82	)
			Total other income (expense)		(233	)		229			(80	)		—			33			(51	)		88			37
Income (Loss) before Income Taxes					(18	)		228			(81	)		17			33			179			56			235
Income Taxes					(7	)		88			(31	)		7			11			68			21			89
Net Income (Loss)				$	(11	)	$	140		$	(50	)	$	10		$	22		$	111		$	35		$	146
Funds Flow from Operations
Income (loss) before Income Taxes				($	18	)	$	228		($	81	)	$	17		$	33		$	179			56		$	235
Add (deduct):
	Depreciation and amortization				183			—			—			—			(25	)		158			(43	)		115
	Asset impairment charge				25			—			—			—			—			25						25
	Settlement of postretirement employee benefit liability				(71	)		—			—			—			—			(71	)		—			(71	)
Funds Flow from Operations				$	119		$	228		($	81	)	$	17		$	8		$	291		$	13		$	304

Note 1    Consolidation adjustment required to report the Collins leases as operating leases by Edison Mission Midwest Holdings and Subsidiaries in lieu of lease financings recorded by Midwest Generation LLC.

Note 2    Includes the push down of parent G&A for SEC reporting.

Note 3    Consolidation adjustment required to report the Powerton/Joliet leases as operating leases by Edison Mission Energy and Subsidiaries in lieu of lease financings recorded by Midwest Generation LLC.

The above schedule is provided as supporting financial information to the Funds Flow from Operations set forth in the Management's Discussion and Analysis of Financial Condition and Results of Operations. Illinois Plants is not a legal entity and accordingly, the above financial information for the Illinois Plants has not been prepared in accordance with generally accepted accounting standards.

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Edison Mission Energy Illinois Plants — Funds Flow from Operations Twelve Months Ended March 31, 2003 (In Millions) (Unaudited)