Crain's Article - California Utility's Revamp is no Threat to ,
 FYI--Midwest Generation is the renamed  So Cal  sub (started out as Edison 
Mission Energy) that was formed to purchase the coal fired plants from Com 
Ed,now Exelon.  They are obligated to provide power to Com Ed/Exelon through 
power supply contracts into the year 2004.
----- Forwarded by Susan M Landwehr/NA/Enron on 06/05/2001 04:24 AM -----

	"Freddi L. Greenberg" <flgreenberg@flglaw.com>
	06/04/2001 03:25 PM
		 
		 To: Joe.Bizzano@nrgenergy.com, Jane Cahill <jane.cahill@neg.pge.com>, Jerry 
Erjavec <gerjavec@indeck-energy.com>, Susan.M.Landwehr@enron.com, Melissa 
Lavinson <Melissa.Lavinson@neg.pge.com>, "Jana M. Martin" 
<jmartin@TENASKA.com>, John Stauffacher <JJST@dynegy.com>, Dick Suslick 
<rjsuslick@wpspower.com>, Doug Oglesby <doao@chevron.com>, "Samantha Slater" 
<SSLATER@epsa.org>, Greg Pakela <gapa@dynegy.com>, Jennifer Chamberlain 
<jnnc@chevron.com>, Mike Malloy <mmalloy@utilicorp.com>, Priya Devaguptapu 
<priyad@calpine.com>, Doug McFarlan <dmcfarlan@mwgen.com>, Steve Brick 
<steve.brick@neg.pge.com>, Barbara Hueter <bhueter@enron.com>, Jim Orlando 
<jorlando@coral-energy.com>, Janine.Migden@enron.com, Gary_Edwards@dom.com, 
Bob.Lewis@mirant.com, Donald.Lassere@enron.com, D.Anderson@pecorp.com
		 cc: 
		 Subject: Crain's Article - California Utility's Revamp is no Threat to  
Illinois


Letters to the Editor
June 04, 2001
CALIF. UTILITY'S REVAMP IS NO THREAT TO ILLINOIS

Crain's does readers a disservice in an editorial by stoking groundless fears 
that electricity supplied by Midwest Generation is somehow threatened by a 
debt refinancing of Edison International, our ultimate parent company ("Feds 
must ensure Illinois isn't singed in Calif. crisis," May 28).

Midwest Generation, based in Chicago, stands on its own financially and has 
its own set of lenders and covenants that would prevent financial 
consequences related to the California energy crisis. Our contracts to 
provide electricity to ComEd give us the strongest possible financial 
incentive to invest in our plants.

Under the refinancing approved by the Federal Energy Regulatory Commission, 
the stock of Edison Mission Energy would be used as collateral by its parent, 
Edison International, to achieve favorable terms for the refinanced debt. 
Edison International also owns the Southern California Edison utility, which 
has been plunged into well-documented financial hardship.

Midwest Generation stock would not be used as collateral. In fact, the 
refinancing actually provides yet another layer of insulation between Midwest 
Generation and Edison International.

Georgia Nelson
President
Midwest Generation
Chicago


Thank you,

Jennie Peebles
Assistant to Freddi L. Greenberg
Office of Freddi L. Greenberg
1603 Orrington Avenue
Suite 1050
Evanston, Illinois 60201-5000
p. 847-864-4010
f. 847-864-4037
flgreenberg@flglaw.com
jeff.dasovich@enron.com, susan.mara@enron.com