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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
3 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 833 $ 1,075
Accounts receivable-trade 137 170
Receivables from affiliates 225 192
Inventory 259 236
Derivative assets 39 46
Restricted cash 11 2
Margin and collateral deposits 50 59
Prepaid expenses and other 284 79
Total current assets 1,838 1,859
Investments in Unconsolidated Affiliates 550 557
Property, Plant and Equipment, less accumulated depreciation of $1,898 and $1,759 at respective dates 5,536 5,332
Other Assets    
Deferred financing costs 52 54
Long-term derivative assets 63 70
Restricted deposits 25 44
Rent payments in excess of levelized rent expense under plant operating leases 1,288 1,187
Other long-term assets 141 218
Total other assets 1,569 1,573
Total Assets 9,493 9,321
Current Liabilities    
Accounts payable 134 90
Payables to affiliates 15 18
Accrued liabilities 150 201
Derivative liabilities 6 6
Interest payable 31 31
Deferred taxes 38 34
Current portion of long-term debt 53 48
Short-term debt 109 96
Total current liabilities 536 524
Long-term debt net of current portion 4,484 4,342
Deferred taxes and tax credits 787 836
Deferred revenues 319 160
Long-term derivative liabilities 23 19
Other long-term liabilities 604 619
Total Liabilities 6,753 6,500
Commitments and Contingencies (Notes 5, 6, 9 and 10)    
Equity    
Common stock, par value $0.01 per share (10,000 shares authorized; 100 shares issued and outstanding at each date) 64 64
Additional paid-in capital 1,335 1,336
Retained earnings 1,393 1,448
Accumulated other comprehensive loss (55) (31)
Total Edison Mission Energy common shareholder's equity 2,737 2,817
Noncontrolling Interests 3 4
Total Equity 2,740 2,821
Total Liabilities and Equity $ 9,493 $ 9,321