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Exhibit 99.2

Edison Mission Energy
Illinois Plants—Funds Flow from Operations
Twelve Months Ended June 30, 2003
(In Millions) (Unaudited)

				Midwest Generation LLC			Edison Mission Overseas Co.			Edison Misison 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			$	1,139		$	—		$	—		$	—		$	—		$	1,139		$	—		$	1,139
	Income from price risk management				5			—			—			—			—			5			—			5
		Total operating revenues			1,144			—			—			—			—			1,144			—			1,144
Project Operating Expenses
	Fuel				419			—			—			—			—			419			—			419
	Plant operations				333			—			—			—			29			362			75			437
	Asset impairment and other charges				1,096			—			—			—			(780	)		316			—			316
	Settlement of postretirement employee benefit liability				(71	)		—			—			—			—			(71	)		—			(71	)
	Depreciation and amortization				187			—			—			—			(25	)		162			(43	)		119
	Administrative and general				24			1			4			(16	)		—			13			—			13
			Total operating expenses		1,988			1			4			(16	)		(776	)		1,201			32			1,233
Project Revenues less Operating Expenses					(844	)		(1	)		(4	)		16			776			(57	)		(32	)		(89	)
Project Other Income (Expense)
	Interest and other income				—			1			3			—			—			4			—			4
	Intercompany interest income (expense):
		Edison Mission Energy			114			—			—			—			—			114			—			114
		Edison Mission Overseas			(226	)		226			—			—			—			—			—			—
	Interest expense				(124	)		—			(85	)		—			36			(173	)		88			(85	)
			Total other income (expense)		(236	)		227			(82	)		—			36			(55	)		88			33
Income (Loss) before Income Taxes					(1,080	)		226			(86	)		16			812			(112	)		56			(56	)
Income Taxes					(425	)		87			(33	)		6			317			(48	)		21			(27	)
Net Income (Loss)					(655	)		139			(53	)		10			495			(64	)		35			(29	)
Funds Flow from Operations
Income (loss) before Income Taxes				$	(1,080	)	$	226		$	(86	)	$	16		$	812		$	(112	)		56		$	(56	)
Add (deduct):
	Depreciation and amortization				187			—			—			—			(25	)		162			(43	)		119
	Asset impairment charge				1,051			—			—			—			(780	)		271			—			271
	Settlement of postretirement employee benefit liability				(71	)		—			—			—			—			(71	)		—			(71	)
Funds Flow from Operations				$	87		$	226		$	(86	)	$	16		$	7		$	250		$	13		$	263

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 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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Exhibit 99.2