Exhibit 99.2

Edison Mission Energy
Illinois Plants—Funds Flow from Operations
Twelve Months Ended March 31, 2004
(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			$	1,078		$	0		$	0		$	0		$	0		$	1,078		$	0		$	1,078
	Income (loss) from price risk management				(2	)		—			—			—			—			(2	)		—			(2	)
			Total operating revenues		1,076			—			—			—			—			1,076			—			1,076
Project Operating Expenses
	Fuel				390			—			—			—			—			390			—			390
	Plant operations				323			—			—			30			(1	)		352			75			427
	Depreciation and amortization				160			0			—			(12	)		6			154			(43	)		111
	Asset impairment and other charges				1,025			—			—			(780	)		—			245			—			245
	Settlement of postretirement employee benefit liability				—			—			—			—			—			—			—			—
	Administrative and general				27			1			8			(1	)		(17	)		18			—			18
			Total operating expenses		1,925			1			8			(763	)		(12	)		1,159			32			1,191
Project Revenues less Operating Expenses					(849	)		(1	)		(8	)		763			12			(83	)		(32	)		(115	)
Project Other Income (Expense)
	Interest and other income				(0	)		1			1			—			—			2			—			2
	Intercompany interest income (expense):
		Edison Mission Energy			113			—			—			—			—			113			—			113
		Edison Mission Overseas			(218	)		218			—			—			—			—			—			—
	Interest expense				(123	)		—			(70	)		37			(1	)		(157	)		87			(70	)
			Total other income (expense)		(228	)		219			(69	)		37			(1	)		(42	)		87			45
Income (Loss) before Income Taxes and Cumulative Effect					(1,077	)		218			(77	)		800			11			(125	)		55			(70	)
Income taxes					(418	)		89			(32	)		307			4			(50	)		20			(30	)
Income (Loss) before Cumulative Effect					(659	)		129			(45	)		493			7			(75	)		35			(40	)
Cumulative effect of change in accounting, net of tax					—			—			—			—			(0	)		(0	)		—			(0	)
Net Income (Loss)				$	(659	)	$	129		$	(45	)	$	493		$	7		$	(75	)	$	35		$	(40	)
Funds Flow from Operations
Income (loss) before Income Taxes and Cumulative Effect				$	(1,077	)	$	218		$	(77	)	$	800		$	11		$	(125	)		55		$	(70	)
Add (deduct):
	Depreciation and amortization				160			0			—			(12	)		6			154			(43	)		111
	Asset impairment charge				1,025			—			—			(780	)		—			245						245
	Settlement of postretirement employee benefit liability				—			—			—			—			—			—						—
Funds Flow from Operations				$	108		$	218		$	(77	)	$	8		$	17		$	274		$	12		$	286

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: (a) push down of parent G&A for SEC reporting, (b) reclassification of cumulative effect of change in accounting for purposes of Funds Flow from Operations.

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.