Exhibit 99.2

Edison Mission Energy  Illinois Plants  Funds Flow from Operations  Twelve Months Ended March 31, 2003  (In Millions) (Unaudited)

|                                         |                                                         | Midwest
Generation LLC                  |                              | Edison Mission
Overseas Co. |       | Edison Mission 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                                       |                                         | $                            | 1,196                       |       | $                               |  |                                    | $   |                                    |   | $                               |    |                                     | $  |                |  
|                                         | Loss from price risk management                         |                                         |                              | (1                          | )     |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         |                                                         | Total Operating revenues                |                              |                             | 1,195 |                                 |   |                                   |     |                                     |  |                                 |     |                                    |    |                 | 
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Project Operating Expenses               |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         | Fuel                                                    |                                         |                              | 437                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         | Plant operations                                        |                                         |                              | 336                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    | 25              |  
|                                         | Asset impairment and other charges                      |                                         |                              | 70                          |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         | Settlement of postretirement employee benefit liability |                                         |                              | (71                         | )     |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         | Depreciation and amortization                           |                                         |                              | 183                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    | (25             | )
|                                         | Administrative and general                              |                                         |                              | 25                          |       |                                 | 1 |                                    |     | 1                                   |   |                                 | (17 | )                                   |    |                |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         |                                                         | Total operating expenses                |                              |                             | 980   |                                 |   | 1                                  |     |                                     | 1 |                                 |     | (17                                 | )  |                 | 
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Project Revenues less Operating Expenses |                                                         |                                         | 215                          |                             |       | (1                              | ) |                                    | (1  | )                                   |   | 17                              |     |                                     |   |                 |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Project Other Income (Expense)           |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         | Interest and other income                               |                                         |                              | (1                          | )     |                                 | 1 |                                    |     | 2                                   |   |                                 |    |                                     |    |                |  
|                                         |                                                         | Intercompany interest income (expense): |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         |                                                         | Edison Mission Energy                   |                              |                             | 117   |                                 |   |                                   |     |                                     |  |                                 |     |                                    |    |                 | 
|                                         |                                                         | Edison Mission Overseas                 |                              |                             | (228  | )                               |   | 228                                |     |                                     |  |                                 |     |                                    |    |                 | 
|                                         | Interest expense                                        |                                         |                              | (121                        | )     |                                 |  |                                    |     | (82                                 | ) |                                 |    |                                     |    | 33              |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         |                                                         |                                         | Total other income (expense) |                             |       | (233                            | ) |                                    | 229 |                                     |   | (80                             | )   |                                     |   |                 |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Income (Loss) before Income Taxes        |                                                         |                                         | (18                          | )                           |       | 228                             |   |                                    | (81 | )                                   |   | 17                              |     |                                     | 33 |                 |  
|Income Taxes                             |                                                         |                                         | (7                           | )                           |       | 88                              |   |                                    | (31 | )                                   |   | 7                               |     |                                     | 11 |                 |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Net Income (Loss)                        |                                                         | $                                       | (11                          | )                           | $     | 140                             |   | $                                  | (50 | )                                   | $ | 10                              |     | $                                   | 22 |                 | $
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Funds Flow from Operations               |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Income (loss) before Income Taxes        |                                                         | ($                                      | 18                           | )                           | $     | 228                             |   | ($                                 | 81  | )                                   | $ | 17                              |     | $                                   | 33 |                 | $
|Add (deduct):                            |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|                                         | Depreciation and amortization                           |                                         |                              | 183                         |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    | (25             | )
|                                         | Asset impairment charge                                 |                                         |                              | 25                          |       |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         | Settlement of postretirement employee benefit liability |                                         |                              | (71                         | )     |                                 |  |                                    |     |                                    |   |                                 |    |                                     |    |                |  
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  
|Funds Flow from Operations               |                                                         | $                                       | 119                          |                             | $     | 228                             |   | ($                                 | 81  | )                                   | $ | 17                              |     | $                                   | 8  |                 | $
|                                         |                                                         |                                         |                              |                             |       |                                 |   |                                    |     |                                     |   |                                 |     |                                     |    |                 |  

Note 1Consolidation 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 2Includes the push down of parent G&A for SEC reporting.

Note 3Consolidation 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 the 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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