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):  January 8, 2013

EDISON MISSION ENERGY

(Exact name of registrant as specified in its charter)

DELAWARE	333-68630	95-4031807
(State or other jurisdiction of	(Commission file	(I.R.S. employer
incorporation)	number)	identification no.)

3 MacArthur Place, Suite 100

Santa Ana, California  92707

(Address of principal executive offices, including zip code)

714-513-8000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This current report and its exhibits include forward-looking statements. Edison Mission Energy (“EME”) 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 EME’s control. EME 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 with EME’s Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent Quarterly Reports on Form 10-Q.

Item 7.01 Regulation FD Disclosure.

On January 9, 2013 certain members of EME management are scheduled to meet with certain of EME’s unsecured noteholders and the noteholders’ financial advisor, Houlihan Lokey, and legal advisor, Ropes & Gray LLP, to discuss EME’s business. At the meeting, EME intends to discuss certain cash flow forecasts attached hereto as Exhibit 99.1.

The information in this item is being furnished, not filed. Accordingly, the information in this item will not be incorporated by reference into any registration statement filed by EME or any related entity under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference therein. By filing this Current Report on Form 8-K and furnishing this information, EME makes no admission as to the materiality of any information in Item 7.01 of this report.

The illustrative projected cash flow information furnished as part of Exhibit 99.1 contains forward-looking statements based on information available as of the date the presentation was prepared. These forward-looking statements are subject to a significant amount of uncertainty, in particular regarding the costs of purchasing and installing emissions control equipment, as well as power prices and revenues over the indicated time periods.  Factors both within and outside the control of EME will affect the accuracy of this forward-looking information.  Furthermore, the information is a high-level summary only and is subject to assumptions, qualifications and performance criteria not otherwise described in the information presented.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1Cash Flow Forecasts

2

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 hereunto duly authorized.

Edison Mission Energy

Date:	January 8, 2013	/s/ Maria Rigatti
		MARIA RIGATTI Senior Vice President and Chief Financial Officer

3

EX-99.1

Exhibit 99.1

Base Case Cash Flow Summary Base Case Cash Flow Summary Source: Company filings; 8-K dated 12/17/12 For illustrative purposes only, projections assume Powerton and Joliet leases remain in place and are not modified in connection with the Company’s Chapter 11. No determination has been made regarding the assumption or rejection of the financing or treatment of the financing in connection with the Chapter 11 Tax payments are preliminary in nature and subject to revision and to changes in law. Excludes any audit payments related to outstanding tax disputes. On 01/01/13, fiscal cliff legislation extended 50% bonus depreciation for one year (through 2013). Based on preliminary analysis, this extension is anticipated to result in a reduction in tax sharing payments to EME of approximately $400 million in 2014 Represents a combination of working capital, deferred revenues, cash taxes paid after deconsolidation and other cash items Includes approximately $200 million of cash that management believes is required to operate the Company in the ordinary course Adjusted to exclude Midwest Generation EBITDAR, capex and PoJo payments. No adjustments made for changes in working capital or Corporate G&A Includes Capistrano debt in the amount of $198 million as of December 31, 2013 with annual amortization per the terms of the indentures. 2014 includes a reduction of $222 million associated with certain operations ceasing to be part of continuing operations Includes restricted cash at various subsidiaries and margin and collateral deposits at EMMT. Some portion of restricted cash is anticipated to be released upon emergence from bankruptcy $ in mm 2013E 2014E 2015E 2016E 2017E Adjusted EBITDAR $141 $230 $276 $465 $505 Less: PoJo Payments (1) (151) (151) (67) (26) (1) Less: Capital Expenditures (217) (382) (194) (19) (18) Plus: EIX Tax Refund to EME (2) 80 622 0 0 0 Less: Project Level Debt Amortization (17) (111) (113) (109) (106) Less: Project Level Interest Payments (83) (75) (71) (67) (61) Plus: Distributions from Uncons. Affiliates, Net (1) 2 (8) (2) 2 Minority Interests, Net (Including Capistrano) (3) (59) 20 (4) (29) Other Cash Flows (3) 140 111 (61) (76) (32) Less: Restructuring Costs (36) (36) 0 0 0 Free Cash Flow ($148) $150 ($218) $163 $261 Beginning Cash Balance 670 522 672 455 618 Ending Cash Balance (4) $522 $672 $455 $618 $879 Illustrative Free Cash Flow Excluding MWG (5) $253 $739 $48 $22 $61 Beginning Cash Balance Excluding MWG 595 848 1,586 1,634 1,656 Illustrative Ending Cash Balance Excl. MWG $848 $1,586 $1,634 $1,656 $1,716 Total Project Level Debt (6) $1,461 $1,129 $1,016 $907 $801 December 31, 2012 Projected Unrestricted Cash Balances Corporate Cash $401 EMMT 120 Midwest Generation 75 Other Project Level 75 Total Unrestricted Cash $670 Restricted Cash (7) $285

Downside Case Cash Flow Summary Downside Case Cash Flow Summary Source: Company filings; 8-K dated 12/17/12 For illustrative purposes only, projections assume Powerton and Joliet leases remain in place and are not modified in connection with the Company’s Chapter 11. No determination has been made regarding the assumption or rejection of the financing or treatment of the financing in connection with the Chapter 11 Tax payments are preliminary in nature and subject to revision and to changes in law. Excludes any audit payments related to outstanding tax disputes. On 01/01/13, fiscal cliff legislation extended 50% bonus depreciation for one year (through 2013). Based on preliminary analysis, this extension is anticipated to result in a reduction in tax sharing payments to EME of approximately $400 million in 2014 Represents a combination of working capital, deferred revenues, cash taxes paid after deconsolidation and other cash items Includes approximately $200 million of cash that management believes is required to operate the Company in the ordinary course Adjusted to exclude Midwest Generation EBITDAR, capex and PoJo payments. No adjustments made for changes in working capital or Corporate G&A Includes Capistrano debt in the amount of $198 million as of December 31, 2013 with annual amortization per the terms of the indentures. 2014 includes a reduction of $222 million associated with certain operations ceasing to be part of continuing operations Includes restricted cash at various subsidiaries and margin and collateral deposits at EMMT. Some portion of restricted cash is anticipated to be released upon emergence from bankruptcy $ in mm 2013E 2014E 2015E 2016E 2017E Adjusted EBITDAR $29 $101 $125 $368 $383 Less: PoJo Payments (1) (151) (151) (67) (26) (1) Less: Capital Expenditures (217) (382) (194) (19) (18) Plus: EIX Tax Refund to EME (2) 81 644 0 0 0 Less: Project Level Debt Amortization (17) (111) (113) (109) (106) Less: Project Level Interest Payments (83) (75) (71) (67) (61) Plus: Distributions from Uncons. Affiliates, Net (1) 2 (8) (2) 2 Minority Interests, Net (Including Capistrano) (3) (64) 4 17 (29) Other Cash Flows (3) 71 120 35 (85) (4) Less: Restructuring Costs (36) (36) 0 0 0 Free Cash Flow ($329) $47 ($288) $77 $166 Beginning Cash Balance 664 335 383 95 172 Ending Cash Balance (4) $335 $383 $95 $172 $338 Illustrative Free Cash Flow Excluding MWG (5) $184 $765 $128 $33 $88 Beginning Cash Balance Excluding MWG 589 773 1,538 1,666 1,699 Illustrative Ending Cash Balance Excl. MWG $773 $1,538 $1,666 $1,699 $1,788 Total Project Level Debt (6) $1,461 $1,129 $1,016 $907 $801 December 31, 2012 Projected Unrestricted Cash Balances Corporate Cash $401 EMMT 114 Midwest Generation 75 Other Project Level 75 Total Unrestricted Cash $664 Restricted Cash (7) $285