8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 27, 2004

EDISON MISSION ENERGY

(Exact name of registrant as specified in its charter)

DELAWARE	000-24890	95-4031807
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. employer identification no.)

18101 Von Karman Avenue

Irvine, California  92612

(Address of principal executive offices, including zip code)

949-752-5588

(Registrant’s telephone number, including area code)

Items 1 through 4, 6 and 8 through 12 are not included because they are inapplicable.

This current report includes forward-looking statements. Edison Mission Energy has based these forward-looking statements on its current expectations and projections about future events based upon knowledge of facts as of the date of this current report and its assumptions about future events. These forward-looking statements are subject to various risks and uncertainties that may be outside Edison Mission Energy’s control. Edison Mission Energy has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This current report should be read in conjunction with Edison Mission Energy’s 2003 Annual Report on Form 10-K and Current Reports on Form 8-K filed this calendar year. Capitalized terms used in this current report which are not specifically defined have the meanings set forth in the other reports.

Item 5.  Other Events

On April 27, 2004, Edison Mission Energy’s (the “Company’s”) indirect subsidiary Midwest Generation, LLC issued a press release announcing the completion of the refinancing of its indebtedness and the related termination of the lease of its Collins Station facility.  The Company is attaching a copy of the press release as Exhibit 99.1 to this Current Report on Form 8-K.  Such information is incorporated herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

(c)  Exhibits.

Exhibit 99.1            Press Release of Midwest Generation, LLC, dated April 27, 2004.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Edison Mission Energy

(Registrant)

Date:	April 27, 2004	/s/ Kevin M. Smith
		KEVIN M. SMITH
		Senior Vice President, Chief Financial Officer and Treasurer

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Media Contact:  Kevin Kelley (626) 302-1033

Investor Relations Contact: JoAnn Goddard (626) 302-2515

Midwest Generation, LLC, Completes Refinancing

ROSEMEAD, Calif., April 27, 2004 — Midwest Generation, LLC, a subsidiary of Edison Mission Energy, announced today the completion of the refinancing of its indebtedness and the related termination of the lease of its Collins Station facility.  The refinancing consists of $700 million of first priority secured institutional term loans due in 2011 and the issuance of $1 billion aggregate principal amount of its second priority senior secured notes.  These notes, issued through a private offering, carry an interest rate of 8.75% and are due in 2034, although holders may require Midwest Generation to repurchase these notes on May 1, 2014 and on each one year anniversary thereafter at 100% of their principal amount, plus accrued and unpaid interest.

Midwest Generation used the proceeds of the financings to refinance $693 million of indebtedness (plus accrued interest) guaranteed by it and owed by its direct parent, Edison Mission Midwest Holdings Co., which was due in December of this year, and to make termination payments under the Collins Station lease in the amount of approximately $970 million.  Midwest Generation also entered into a new $200 million working capital facility that replaced a prior facility. This new working capital facility will share the first lien priority with the term loans.

The term loans, working capital facility and senior notes are secured by, among other things, liens on substantially all of the coal-fired generating plants owned by Midwest Generation.

The secured institutional term loans were placed in the institutional term loan market.  The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1993, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.  This press release shall not constitute an offer to sell or a solicitation of any offer to buy such notes and is issued pursuant to Rule 135c under the Securities Act.

This press release includes forward-looking statements.  Midwest Generation has based these forward-looking statements on its current expectations and projections about future events based upon knowledge of facts as of the date of this press release and its assumptions about future events. These forward-looking statements are subject to various risks and uncertainties that may be outside Midwest Generation’s control.  Midwest Generation has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release should be read in conjunction with Midwest Generation’s 2003 Annual Report on Form 10-K and Current Reports on Form 8-K filed this calendar year.

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