Exhibit 99.1

Edison Mission Energy  Homer CityFunds Flow from Operations  Twelve Months Ended September 30, 2003  (In Millions) (Unaudited)

|                                                      |                                        | EME Homer City
Generation L.P. |     | Edison
Mission
Finance Co. |      | Mission
Energy
Westside, Inc. |    | Chestnut
Ridge
Energy Co. |   | Homer City
Property
Holdings |   | Edison
Mission
Holdings
Co. |   | Reclassification
Adjustments
(Note 1) |   | Edison
Mission
Holdings
Co. |   | Sale Leaseback
Adjustments
(Note 2) |   | Homer City
Facilities |  
|----------------------------------------------------- | -------------------------------------- | ------------------------------ | --- | -------------------------- | ---- | ----------------------------- | -- | ------------------------- | - | ---------------------------- | - | --------------------------- | - | ------------------------------------- | - | --------------------------- | - | ----------------------------------- | - | --------------------- | -
|
|Project Revenues                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      | Electric revenues                      |                                | $   | 505                        |      | $                             |   |                           | $ |                             |   | $                           |  |                                       | $ |                            |   | $                                   |  |                       | $
|                                                      | Income from price risk management      |                                |     | 4                          |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      |                                        | Total Operating revenues       |     |                            | 509  |                               |    |                          |   |                              |  |                             |   |                                      |   |                             |  |                                     |   |                      |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Project Operating Expenses                            |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      | Fuel                                   |                                |     | 183                        |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      | Plant operations                       |                                |     | 82                         |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      | Depreciation and amortization          |                                |     | 63                         |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      | Administrative and general             |                                |     | 5                          |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      |                                        | Total operating expenses       |     |                            | 333  |                               |    |                          |   |                              |  |                             |   |                                      |   |                             |  |                                     |   |                      |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Project Revenues less Operating Expenses              |                                        |                                | 176 |                            |      |                              |    |                           |  |                              |   |                            |   |                                       |  |                             |   |                                    |   |                       | 4
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Project Other Income (Expense)                        |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      | Interest and other income              |                                |     | 1                          |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      | Intercompany interest income (expense) |                                |     | (44                        | )    |                               | 44 |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      | Interest expense                       |                                |     | (116                       | )    |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      |                                        | Total other income (expense)   |     |                            | (159 | )                             |    | 44                        |   |                              |  |                             |   |                                      |   |                             |  |                                     |   |                      |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Income before Income Taxes and Cumulative Effect      |                                        |                                | 17  |                            |      | 44                            |    |                           |  |                              |   |                            |   |                                       |  |                             |   |                                    |   |                       | 4
|Income Taxes                                          |                                        |                                | 9   |                            |      | 17                            |    |                           |  |                              |   |                            |   |                                       |  |                             |   |                                    |   |                       | 2
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Income before Cumulative Effect                       |                                        |                                | 8   |                            |      | 27                            |    |                           |  |                              |   |                            |   |                                       |  |                             |   |                                    |   |                       | 2
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Cumulative effect of change in accounting, net of tax |                                        |                                | (1  | )                          |      |                              |    |                           |  |                              |   |                            |   |                                       |  |                             |   |                                    |   |                       | 1
|Net Income                                            |                                        | $                              | 7   |                            | $    | 27                            |    | $                         |  |                              | $ |                            |   | $                                     |  |                             | $ |                                    |   | $                     | 3
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Funds Flow from Operations                            |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Income before Income Taxes and Cumulative Effect      |                                        | $                              | 17  |                            | $    | 44                            |    | $                         |  |                              | $ |                            |   | $                                     |  |                             | $ |                                    |   | $                     | 4
|Add (deduct):                                         |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|                                                      | Depreciation and amortization          |                                |     | 63                         |      |                               |   |                           |   |                             |   |                             |  |                                       |   |                            |   |                                     |  |                       |  
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  
|Funds Flow from Operations                            |                                        | $                              | 80  |                            | $    | 44                            |    | $                         |  |                              | $ |                            |   | $                                     |  |                             | $ |                                    |   | $                     | 4
|                                                      |                                        |                                |     |                            |      |                               |    |                           |   |                              |   |                             |   |                                       |   |                             |   |                                     |   |                       |  

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|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Note 1                                                                                                                                                                                                                                                                                                                                                                                                                |  | Includes: (a) reclassification adjustment related to presentation of operations expenses with no impact on income before taxes, (b) push down of parent G&A for SEC reporting, (c) reclassification of
cumulative effect of change in accounting 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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