Exhibit 99.3

Edison Mission Energy  Homer CityFunds Flow from Operations  Twelve Months Ended December 31, 2001  (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 |    | Edison
Mission
Holdings Co. |   | Reclassification
Adjustment (Note 1) |         | Sale Leaseback
Adjustments (Note 2) |     | Homer City
Facilities |  
|---------------------------------------------------------------------- | ------------------------------------------------------------- | ------------------------------ | ---------------------------- | -------------------------- | -------- | ----------------------------- | -- | ----------------------------- | ------ | ---------------------------- | - | --------------------------- | - | ------------------------ | -- | --------------------------- | - | ------------------------------------ | ------- | ----------------------------------- | --- | --------------------- | -
|
|Project Revenues                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       | Electric revenues                                             |                                | $                            | 494,322                    |          | $                             |   |                               | $      |                             |   | $                           |  |                          | $  |                            |   | $                                    |        |                                     | $   |                      |  
|                                                                       | Income (losses) from energy trading and price risk management |                                |                              | (314                       | )        |                               |   |                               |        |                             |   |                             |  |                          |    |                            |   |                                      |        |                                     |     |                      |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       |                                                               |                                | Total Operating revenues     |                            |          | 494,008                       |    |                               |       |                              |   |                            |   |                          |   |                             |   |                                     |         |                                     |    |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Project Operating Expenses                                             |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       | Fuel                                                          |                                |                              | 168,814                    |          |                               |   |                               |        |                             |   |                             |  |                          |    |                            |   |                                      |        |                                     |     |                      |  
|                                                                       | Plant operations                                              |                                |                              | 82,076                     |          |                               |   |                               |        |                             |   |                             |  |                          |    |                            |   |                                      |        |                                     |     |                      |  
|                                                                       | Depreciation and amortization                                 |                                |                              | 51,765                     |          |                               |   |                               |        |                             |   |                             |  |                          |    | 4                           |   |                                      |        |                                     |     |                      |  
|                                                                       | Administrative and general                                    |                                |                              | 1,788                      |          |                               | 70 |                               |        |                             |   |                             |  |                          |    |                            |   |                                      | 113     |                                     |     |                      |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       |                                                               |                                | Total operating expenses     |                            |          | 304,443                       |    |                               | 70     |                              |   |                            |   |                          |   |                             |   | 4                                    |         |                                     | 113 |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Project Revenues less Operating Expenses                               |                                                               |                                | 189,565                      |                            |          | (70                           | )  |                               |       |                              |   |                            |   |                          | (4 | )                           |   | (113                                 | )       |                                     |    |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Project Other Income (Expense)                                         |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       | Interest and other income                                     |                                |                              | (412                       | )        |                               |   |                               |        |                             |   |                             |  |                          |    | 6                           |   |                                      | (45     | )                                   |     |                      |  
|                                                                       | Intercompany interest income (expense)                        |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       |                                                               | Edison Mission Holdings        |                              |                            |         |                               |    | (77,687                       | )      |                              |  |                             |   |                         |    |                             |  |                                      |         | 77,687                              |     |                       | 
|                                                                       |                                                               | Edison Mission Finance         |                              |                            | (139,724 | )                             |    | 139,724                       |        |                              |  |                             |   |                         |    |                             |  |                                      |         |                                    |     |                       | 
|                                                                       | Interest expense                                              |                                |                              | 686                        |          |                               |   |                               |        |                             |   |                             |  |                          |    |                            |   |                                      | (77,687 | )                                   |     |                      |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       |                                                               |                                | Total other income (expense) |                            |          | (139,450                      | )  |                               | 62,037 |                              |   |                            |   |                          |   |                             |   | 6                                    |         |                                     | (45 | )                     |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Income (Loss) before Income Taxes and Extraordinary Item               |                                                               |                                | 50,115                       |                            |          | 61,967                        |    |                               |       |                              |   |                            |   |                          | 2  |                             |   | (158                                 | )       |                                     |    |                       |  
|Income Taxes Before Extraordinary Item                                 |                                                               |                                | 21,847                       |                            |          | 23,825                        |    |                               |       |                              |   |                            |   |                          |   |                             |   | (61                                  | )       |                                     |    |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Net Income (Loss) Before Extraordinary Item                            |                                                               |                                | 28,268                       |                            |          | 38,142                        |    |                               |       |                              |   |                            |   |                          | 2  |                             |   | (97                                  | )       |                                     |    |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Extraordinary gain (loss) on early extinguishments of debt, net of tax |                                                               |                                | 5,701                        |                            |          |                              |    |                               |       |                              |   |                            |   |                          |   |                             |   |                                     |         |                                     |    |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Net Income (Loss)                                                      |                                                               | $                              | 33,969                       |                            | $        | 38,142                        |    | $                             |       |                              | $ |                            |   | $                        | 2  |                             | $ | (97                                  | )       | $                                   |    |                       | $
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Funds Flow from Operations                                             |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Income (loss) before Income Taxes                                      |                                                               | $                              | 50,115                       |                            | $        | 61,967                        |    | $                             |       |                              | $ |                            |   | $                        | 2  |                             | $ | (158                                 | )       | $                                   |    |                       | $
|Add (deduct):                                                          |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       | Depreciation and amortization                                 |                                |                              | 51,765                     |          |                               |   |                               |        |                             |   |                             |  |                          |    | 4                           |   |                                      |        |                                     |     |                      |  
|                                                                       | Debt service                                                  |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  
|Funds Flow from Operations                                             |                                                               | $                              | 101,880                      |                            | $        | 61,967                        |    | $                             |       |                              | $ |                            |   | $                        | 6  |                             | $ | (158                                 | )       | $                                   |    |                       | $
|                                                                       |                                                               |                                |                              |                            |          |                               |    |                               |        |                              |   |                             |   |                          |    |                             |   |                                      |         |                                     |     |                       |  

|                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                                                                                                                                                                                                                                                        
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|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.
|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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