Exhibit 99.4

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

|                                         |                                                               | Midwest Generation LLC
SEC Reporting Basis |                              | Edison Mission
Overseas Company |          | Edison Mission
Midwest Holdings |     | Consolidation
Adjustments (Note 2) |         | Sale Leaseback
Adjustments (Note 1) |   | Edison Mission
Midwest Holdings |         | Reclassification
Adjustment (Note 2) |         | Sale Leaseback
Adjustments (Note 3) |   | Illinois Plants |          
|---------------------------------------- | ------------------------------------------------------------- | ------------------------------------------ | ---------------------------- | ------------------------------- | -------- | ------------------------------- | --- | ---------------------------------- | ------- | ----------------------------------- | - | ------------------------------- | ------- | ------------------------------------ | ------- | ----------------------------------- | - | --------------- | ---------
|
|Project Revenues                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         | Electric revenues                                             |                                            | $                            | 1,088,196                       |          | $                               |    |                                    | $       |                                    |   | $                               |        |                                      | $       |                                    |   | $               | 1,088,196
|                                         | Income (losses) from energy trading and price risk management |                                            |                              | (15,347                         | )        |                                 |    |                                    |         |                                    |   |                                 |        |                                      |         |                                    |   |                 | (15,347  
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         |                                                               |                                            | Total Operating revenues     |                                 |          | 1,072,849                       |     |                                    |        |                                     |   |                                 |         |                                      |        |                                     |   |                 |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Project Operating Expenses               |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         | Fuel                                                          |                                            |                              | 327,350                         |          |                                 |    |                                    |         |                                    |   |                                 |        |                                      |         |                                    |   |                 | 327,350  
|                                         | Plant operations                                              |                                            |                              | 391,363                         |          |                                 |    |                                    |         |                                    |   |                                 |        |                                      |         | 24,785                              |   |                 | 416,148  
|                                         | Depreciation and amortization                                 |                                            |                              | 168,840                         |          |                                 | 17  |                                    |         |                                    |   |                                 |        |                                      |         | (25,462                             | ) |                 | 143,395  
|                                         | Administrative and general                                    |                                            |                              | 32,241                          |          |                                 | 762 |                                    |         | 37                                  |   |                                 | (20,143 | )                                    |         |                                    |   |                 | 12,897   
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         |                                                               |                                            | Total operating expenses     |                                 |          | 919,794                         |     |                                    | 779     |                                     |   | 37                              |         |                                      | (20,143 | )                                   |   | (677            | )        
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Project Revenues less Operating Expenses |                                                               |                                            | 153,055                      |                                 |          | (779                            | )   |                                    | (37     | )                                   |   | 20,143                          |         |                                      | 677     |                                     |   | 173,059         |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Project Other Income (Expense)           |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         | Interest and other income                                     |                                            |                              | (54                             | )        |                                 | 867 |                                    |         | 999                                 |   |                                 |        |                                      |         |                                    |   |                 | 1,812    
|                                         | Intercompany interest income (expense)                        |                                            |                              |                                |          |                                 |    |                                    |         |                                    |   |                                 |        |                                      |         |                                    |   |                 |         
|                                         |                                                               | Edison Mission Energy                      |                              |                                 | 124,451  |                                 |     |                                   |         |                                     |  |                                 |         |                                     |         |                                     |  |                 |          
|                                         |                                                               | Edison Mission Overseas                    |                              |                                 | (233,804 | )                               |     | 233,804                            |         |                                     |  |                                 |         |                                     |         |                                     |  |                 |          
|                                         | Interest expense                                              |                                            |                              | (120,237                        | )        |                                 |    |                                    |         | (83,217                             | ) |                                 |        |                                      |         | 32,090                              |   |                 | (171,364 
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         |                                                               |                                            | Total other income (expense) |                                 |          | (229,644                        | )   |                                    | 234,671 |                                     |   | (82,218                         | )       |                                      |        |                                     |   | 32,090          |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Income (Loss) before Income Taxes        |                                                               |                                            | (76,589                      | )                               |          | 233,892                         |     |                                    | (82,255 | )                                   |   | 20,143                          |         |                                      | 32,767  |                                     |   | 127,958         |          
|Income Taxes                             |                                                               |                                            | (22,497                      | )                               |          | 89,921                          |     |                                    | (31,625 | )                                   |   | 7,744                           |         |                                      | 13,552  |                                     |   | 57,095          |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Net Income (Loss)                        |                                                               | $                                          | (54,092                      | )                               | $        | 143,971                         |     | $                                  | (50,630 | )                                   | $ | 12,399                          |         | $                                    | 19,215  |                                     | $ | 70,863          |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Funds Flow from Operations               |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Income (loss) before Income Taxes        |                                                               | $                                          | (76,589                      | )                               | $        | 233,892                         |     | $                                  | (82,255 | )                                   | $ | 20,143                          |         | $                                    | 32,767  |                                     | $ | 127,958         |          
|Add (deduct):                            |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         | Depreciation and amortization                                 |                                            |                              | 168,840                         |          |                                 | 17  |                                    |         |                                    |   |                                 |        |                                      |         | (25,462                             | ) |                 | 143,395  
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|                                         | Debt service                                                  |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          
|Funds Flow from Operations               |                                                               | $                                          | 92,251                       |                                 | $        | 233,909                         |     | $                                  | (82,255 | )                                   | $ | 20,143                          |         | $                                    | 7,305   |                                     | $ | 271,353         |          
|                                         |                                                               |                                            |                              |                                 |          |                                 |     |                                    |         |                                     |   |                                 |         |                                      |         |                                     |   |                 |          

|                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                       
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|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: (1) reclassification adjustment related to presentation of revenues and operations expenses with no impact on income before taxes, and (2) 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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