Exhibit 99.2

Edison Mission Energy
Illinois PlantsFunds Flow from Operations
Twelve Months Ended June 30, 2003
(In Millions) (Unaudited)

|                                         |                                                         | Midwest
Generation
LLC   |                              | Edison
Mission
Overseas Co. |       | Edison
Misison
Midwest Holdings |   | Consolidation
Adjustments
(Note 2) |     | Sale Leaseback
Adjustments
(Note 1) |   | Edison
Mission
Midwest Holdings |     | Sale Leaseback
Adjustments
(Note 3) |     | Illinois
Plants |  
|---------------------------------------- | ------------------------------------------------------- | ------------------------ | ---------------------------- | --------------------------- | ----- | ------------------------------- | - | ---------------------------------- | --- | ----------------------------------- | - | ------------------------------- | --- | ----------------------------------- | --- | --------------- | -
|
|Project Revenues                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         | Electric revenues                                       |                          | $                            | 1,139                       |       | $                               |  |                                    | $   |                                    |   | $                               |    |                                     | $   |                |  
|                                         | Income from price risk management                       |                          |                              | 5                           |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     |                |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         |                                                         | Total operating revenues |                              |                             | 1,144 |                                 |   |                                   |     |                                     |  |                                 |     |                                    |     |                 | 
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Project Operating Expenses               |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         | Fuel                                                    |                          |                              | 419                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     |                |  
|                                         | Plant operations                                        |                          |                              | 333                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     | 29              |  
|                                         | Asset impairment and other charges                      |                          |                              | 1,096                       |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     | (780            | )
|                                         | Settlement of postretirement employee benefit liability |                          |                              | (71                         | )     |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     |                |  
|                                         | Depreciation and amortization                           |                          |                              | 187                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     | (25             | )
|                                         | Administrative and general                              |                          |                              | 24                          |       |                                 | 1 |                                    |     | 4                                   |   |                                 | (16 | )                                   |     |                |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         |                                                         |                          | Total operating expenses     |                             |       | 1,988                           |   |                                    | 1   |                                     |   | 4                               |     |                                     | (16 | )               |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Project Revenues less Operating Expenses |                                                         |                          | (844                         | )                           |       | (1                              | ) |                                    | (4  | )                                   |   | 16                              |     |                                     | 776 |                 |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Project Other Income (Expense)           |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         | Interest and other income                               |                          |                              |                            |       |                                 | 1 |                                    |     | 3                                   |   |                                 |    |                                     |     |                |  
|                                         | Intercompany interest income (expense):                 |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         |                                                         | Edison Mission Energy    |                              |                             | 114   |                                 |   |                                   |     |                                     |  |                                 |     |                                    |     |                 | 
|                                         |                                                         | Edison Mission Overseas  |                              |                             | (226  | )                               |   | 226                                |     |                                     |  |                                 |     |                                    |     |                 | 
|                                         | Interest expense                                        |                          |                              | (124                        | )     |                                 |  |                                    |     | (85                                 | ) |                                 |    |                                     |     | 36              |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         |                                                         |                          | Total other income (expense) |                             |       | (236                            | ) |                                    | 227 |                                     |   | (82                             | )   |                                     |    |                 |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Income (Loss) before Income Taxes        |                                                         |                          | (1,080                       | )                           |       | 226                             |   |                                    | (86 | )                                   |   | 16                              |     |                                     | 812 |                 |  
|Income Taxes                             |                                                         |                          | (425                         | )                           |       | 87                              |   |                                    | (33 | )                                   |   | 6                               |     |                                     | 317 |                 |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Net Income (Loss)                        |                                                         |                          | (655                         | )                           |       | 139                             |   |                                    | (53 | )                                   |   | 10                              |     |                                     | 495 |                 |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Funds Flow from Operations               |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Income (loss) before Income Taxes        |                                                         | $                        | (1,080                       | )                           | $     | 226                             |   | $                                  | (86 | )                                   | $ | 16                              |     | $                                   | 812 |                 | $
|Add (deduct):                            |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|                                         | Depreciation and amortization                           |                          |                              | 187                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     | (25             | )
|                                         | Asset impairment charge                                 |                          |                              | 1,051                       |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     | (780            | )
|                                         | Settlement of postretirement employee benefit liability |                          |                              | (71                         | )     |                                 |  |                                    |     |                                    |   |                                 |    |                                     |     |                |  
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  
|Funds Flow from Operations               |                                                         | $                        | 87                           |                             | $     | 226                             |   | $                                  | (86 | )                                   | $ | 16                              |     | $                                   | 7   |                 | $
|                                         |                                                         |                          |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |     |                 |  

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|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 the push down of parent G&A for SEC reporting.                                                                                                                                               
|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.

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