Exhibit 99.2

Edison Mission Energy  Homer CityFunds Flow from Operations  Twelve Months Ended June 30, 2002  (In Thousands) (Unaudited)

|                                                                      |                                                               | EME Homer City
Generation L.P. |                              | Edison
Mission
Finance Co. |         | Mission Energy
Westside, Inc. |    | Chestnut Ridge
Energy Company |        | Homer City
Property Holdings |   | Edison
Mission
Holdings Co. |     | Consolidated
Adjustments (Note 1) |     | Edison
Mission
Holdings Co. |   | Reclassification
Adjustment (Note 1) |         | Sale Leaseback
Adjustments (Note 2) |       | Homer City
Facilities |  
|--------------------------------------------------------------------- | ------------------------------------------------------------- | ------------------------------ | ---------------------------- | -------------------------- | ------- | ----------------------------- | -- | ----------------------------- | ------ | ---------------------------- | - | --------------------------- | --- | --------------------------------- | --- | --------------------------- | - | ------------------------------------ | ------- | ----------------------------------- | ----- | --------------------- | -
|
|Project Revenues                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      | Electric revenues                                             |                                | $                            | 426,723                    |         | $                             |   |                               | $      |                             |   | $                           |    |                                   | $   |                            |   | $                                    |        |                                     | $     |                      |  
|                                                                      | Income (losses) from energy trading and price risk management |                                |                              | (924                       | )       |                               |   |                               |        |                             |   |                             |    |                                   |     |                            |   |                                      |        |                                     |       |                      |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      |                                                               |                                | Total Operating revenues     |                            |         | 425,799                       |    |                               |       |                              |   |                            |     |                                   |    |                             |   |                                     |         |                                     |      |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Project Operating Expenses                                            |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      | Fuel                                                          |                                |                              | 150,142                    |         |                               |   |                               |        |                             |   |                             |    |                                   |     |                            |   |                                      |        |                                     |       |                      |  
|                                                                      | Plant operations                                              |                                |                              | 94,368                     |         |                               |   |                               |        |                             |   |                             |    |                                   |     |                            |   |                                      |        |                                     |       |                      |  
|                                                                      | Depreciation and amortization                                 |                                |                              | 58,309                     |         |                               |   |                               |        |                             |   |                             |    |                                   |     | 4                           |   |                                      |        |                                     |       |                      |  
|                                                                      | Administrative and general                                    |                                |                              | 4,240                      |         |                               | 72 |                               |        |                             |   |                             |    |                                   |     |                            |   |                                      | 65      |                                     |       | (1,807                | )
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      |                                                               |                                | Total operating expenses     |                            |         | 307,059                       |    |                               | 72     |                              |   |                            |     |                                   |    |                             |   | 4                                    |         |                                     | 65    |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Project Revenues less Operating Expenses                              |                                                               |                                | 118,740                      |                            |         | (72                           | )  |                               |       |                              |   |                            |     |                                   | (4  | )                           |   | (65                                  | )       |                                     | 1,807 |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Project Other Income (Expense)                                        |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      | Interest and other income                                     |                                |                              | 3,297                      |         |                               |   |                               |        | 11                           |   |                             | 911 |                                   |     | 6                           |   |                                      |        |                                     |       |                      |  
|                                                                      | Intercompany interest income (expense)                        |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      |                                                               | Edison Mission Holdings        |                              |                            |        |                               |    | (35,704                       | )      |                              |  |                             |     |                                  |     |                             |  |                                      |         | 35,704                              |       |                       | 
|                                                                      |                                                               | Edison Mission Finance         |                              |                            | (90,283 | )                             |    | 90,283                        |        |                              |  |                             |     |                                  |     |                             |  |                                      |         |                                    |       |                       | 
|                                                                      | Interest expense                                              |                                |                              | (65,368                    | )       |                               |   |                               |        |                             |   |                             |    |                                   |     |                            |   |                                      | (35,704 | )                                   |       |                      |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      |                                                               |                                | Total other income (expense) |                            |         | (152,354                      | )  |                               | 54,579 |                              |   | 11                          |     |                                   | 911 |                             |   | 6                                    |         |                                     |      |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Income (Loss) before Income Taxes and Extraordinary Item              |                                                               |                                | (33,614                      | )                          |         | 54,507                        |    |                               | 11     |                              |   | 911                         |     |                                   | 2   |                             |   | (65                                  | )       |                                     | 1,807 |                       |  
|Income Taxes Before Extraordinary Item                                |                                                               |                                | (15,450                      | )                          |         | 20,957                        |    |                               | (7     | )                            |   | (768                        | )   |                                   |    |                             |   | (26                                  | )       |                                     | 631   |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Net Income (Loss) Before Extraordindary Item                          |                                                               |                                | (18,164                      | )                          |         | 33,550                        |    |                               | 18     |                              |   | 1,679                       |     |                                   | 2   |                             |   | (39                                  | )       |                                     | 1,176 |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Extraordinary gain (loss) on early extinguishment of debt, net of tax |                                                               |                                | 5,701                        |                            |         |                              |    |                               |       |                              |   |                            |     |                                   |    |                             |   |                                     |         |                                     |      |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Net Income (Loss)                                                     |                                                               | $                              | (12,463                      | )                          | $       | 33,550                        |    | $                             | 18     |                              | $ | 1,679                       |     | $                                 | 2   |                             | $ | (39                                  | )       | $                                   | 1,176 |                       | $
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Funds Flow from Operations                                            |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Income (loss) before Income Taxes                                     |                                                               | $                              | (33,614                      | )                          | $       | 54,507                        |    | $                             | 11     |                              | $ | 911                         |     | $                                 | 2   |                             | $ | (65                                  | )       | $                                   | 1,807 |                       | $
|Add (deduct):                                                         |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      | Depreciation and amortization                                 |                                |                              | 58,309                     |         |                               |   |                               |        |                             |   |                             |    |                                   |     | 4                           |   |                                      |        |                                     |       |                      |  
|                                                                      | Debt service                                                  |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  
|Funds Flow from Operations                                            |                                                               | $                              | 24,695                       |                            | $       | 54,507                        |    | $                             | 11     |                              | $ | 911                         |     | $                                 | 6   |                             | $ | (65                                  | )       | $                                   | 1,807 |                       | $
|                                                                      |                                                               |                                |                              |                            |         |                               |    |                               |        |                              |   |                             |     |                                   |     |                             |   |                                      |         |                                     |       |                       |  

|                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                                                                                                                                                                                                                                                                                                           
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note 1                                                                                                                                                                                                                                                                                                                                                                                                                |  | Includes: (a) reclassification adjustment related to presentation of revenues and operations expenses with no impact on income before taxes, and (b) reclassification of extraordinary gain to other income for purposes of
Funds Flow from Operations, and (3) push down of parent G&A for SEC reporting.
|Note 2                                                                                                                                                                                                                                                                                                                                                                                                                |  | Consolidation adjustment required to report the Homer City Leases as operating leases by Edison Mission Energy and Subsidiaries in lieu of lease financings recorded by EME Homer City Generation L.P.                                                                                                    
|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. Homer City Facilities
is not a legal entity and accordingly, the above financial information for the Homer City Facilities has not been prepared in accordance with generally accepted accounting standards.

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