Exhibit 99.1

Edison Mission Energy
Homer City—Funds Flow from Operations
Twelve Months Ended March 31, 2004
(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	$	490		$	0		$	0	$	0		$	0		$	0		$	0		$	490		$	0		$	490
Income (loss) from     price risk     management		21			—			—		—			—			—			—			21			—			21
Total operating         revenues		511			—			—		—			—			—			—			511			—			511
Project Operating Expenses
Fuel		189			—			—		—			—			—			—			189			—			189
Plant operations		94			—			—		—			—			—			—			94			101			195
Depreciation and     amortization		63			—			—		—			0			—			—			63			(47	)		16
Administrative and     general		4			0			—		—			—			—			(4	)		0			—			0
Total operating         expenses		350			0			—		—			0			—			(4	)		346			54			400
Project Revenues less Operating Expenses		161			(0	)		—		—			(0	)		—			4			165			(54	)		111
Project Other Income (Expense)
Interest and other     income		1			—			0		(0	)		0			—			0			1			—			1
Intercompany     interest income     (expense)		(40	)		40			—		—			—			—			—			0			—			0
Interest expense		(114	)		—			—		—			—			—			—			(114	)		113			(1	)
Total other         income         (expense)		(153	)		40			0		(0	)		0			—			0			(113	)		113			0
Income (Loss) before Income Taxes and Cumulative Effect		8			40			0		(0	)		0			—			4			52			59			111
Income taxes		7			16			—		(0	)		0			(0	)		2			25			27			52
Income (Loss) before Cumulative Effect		1			24			0		(0	)		0			0			2			27			32			59
Cumulative effect of change in accounting, net of tax		—			—			—		—			—			—			(1	)		(1	)		—			(1	)
Net Income (Loss)	$	1		$	24		$	0	$	(0	)	$	0		$	0		$	1		$	26		$	32		$	58
Funds Flow from Operations
Income (loss) before Income Taxes and Cumulative Effect	$	8		$	40		$	0	$	(0	)	$	0		$	0		$	4		$	52		$	59		$	111
Add (deduct):
Depreciation and amortization		63			—			—		—			0			—			—			63			(47	)		16
Funds Flow from Operations	$	71		$	40		$	0	$	(0	)	$	0		$	0		$	4		$	115		$	12		$	127

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, (c) reclassification of cumulative effect of change in accounting for purposes of Funds Flow from Operations.
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.