Exhibit 99.2

Edison Mission Energy  Illinois PlantsFunds Flow from Operations  Twelve Months Ended September 30, 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                                       |                              | $      | 1,040                       |       | $                               |  |                                    | $   |                                    |     | $                               |    |                                     | $   |                |     
|                                         | Loss from price risk management                         |                              |        | (1                          | )     |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     |                |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         |                                                         | Total Operating revenues     |        |                             | 1,039 |                                 |   |                                   |     |                                     |    |                                 |     |                                    |     |                 |    
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Project Operating Expenses               |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         | Fuel                                                    |                              |        | 392                         |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     |                |     
|                                         | Plant operations                                        |                              |        | 339                         |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     | 31              |     
|                                         | Asset impairment and other charges                      |                              |        | 1,070                       |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     | (780            | )   
|                                         | Settlement of postretirement employee benefit liability |                              |        | (71                         | )     |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     |                |     
|                                         | Depreciation and amortization                           |                              |        | 181                         |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     | (19             | )   
|                                         | Administrative and general                              |                              |        | 25                          |       |                                 | 1 |                                    |     | 8                                   |     |                                 | (18 | )                                   |     |                |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         |                                                         | Total operating expenses     |        |                             | 1,936 |                                 |   | 1                                  |     |                                     | 8   |                                 |     | (18                                 | )   |                 | (768
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Project Revenues less Operating Expenses |                                                         |                              | (897   | )                           |       | (1                              | ) |                                    | (8  | )                                   |     | 18                              |     |                                     | 768 |                 |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Project Other Income (Expense)           |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         | Interest and other income                               |                              |        |                            |       |                                 | 1 |                                    |     | 3                                   |     |                                 |    |                                     |     |                |     
|                                         | Intercompany interest income (expense):                 |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         |                                                         | Edison Mission Energy        |        |                             | 113   |                                 |   |                                   |     |                                     |    |                                 |     |                                    |     |                 |    
|                                         |                                                         | Edison Mission Overseas      |        |                             | (224  | )                               |   | 224                                |     |                                     |    |                                 |     |                                    |     |                 |    
|                                         | Interest expense                                        |                              |        | (126                        | )     |                                 |  |                                    |     | (89                                 | )   |                                 |    |                                     |     | 39              |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         |                                                         | Total other income (expense) |        |                             | (237  | )                               |   | 225                                |     |                                     | (86 | )                               |     |                                    |     |                 | 39  
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Income (Loss) before Income Taxes        |                                                         |                              | (1,134 | )                           |       | 224                             |   |                                    | (94 | )                                   |     | 18                              |     |                                     | 807 |                 |     
|Income Taxes                             |                                                         |                              | (445   | )                           |       | 87                              |   |                                    | (36 | )                                   |     | 7                               |     |                                     | 314 |                 |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Net Income (Loss)                        |                                                         | $                            | (689   | )                           | $     | 137                             |   | $                                  | (58 | )                                   | $   | 11                              |     | $                                   | 493 |                 | $   
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Funds Flow from Operations               |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Income (loss) before Income Taxes        |                                                         | $                            | (1,134 | )                           | $     | 224                             |   | $                                  | (94 | )                                   | $   | 18                              |     | $                                   | 807 |                 | $   
|Add (deduct):                            |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|                                         | Depreciation and amortization                           |                              |        | 181                         |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     | (19             | )   
|                                         | Asset impairment charge                                 |                              |        | 1,025                       |       |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     | (780            | )   
|                                         | Settlement of postretirement employee benefit liability |                              |        | (71                         | )     |                                 |  |                                    |     |                                    |     |                                 |    |                                     |     |                |     
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     
|Funds Flow from Operations               |                                                         | $                            | 1      |                             | $     | 224                             |   | $                                  | (94 | )                                   | $   | 18                              |     | $                                   | 8   |                 | $   
|                                         |                                                         |                              |        |                             |       |                                 |   |                                    |     |                                     |     |                                 |     |                                     |     |                 |     

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|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note 1                                                                                                                                                                                                                                                                                                                                                                                                    |  | Consolidation adjustment required to report the Collins leases as operating leases by Edison Mission Midwest Holdings and Subsidiaries in lieu of lease financings recorded by Midwest Generation LLC.
|                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                       
|Note 2                                                                                                                                                                                                                                                                                                                                                                                                    |  | Includes the push down of parent G&A for SEC reporting.                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                       
|Note 3                                                                                                                                                                                                                                                                                                                                                                                                    |  | Consolidation adjustment required to report the Powerton/Joliet leases as operating leases by Edison Mission Energy and Subsidiaries in lieu of lease financings recorded by Midwest Generation LLC.  
|                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                       
|The above schedule is provided as supporting financial information to the Funds Flow from Operations set forth in Management's Discussion and Analysis of Financial Condition and Results of Operations. Illinois
Plants is not a legal entity and accordingly, the above financial information for the Illinois Plants has not been prepared in accordance with generally accepted accounting standards.

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