Edison Mission Group Announces $1 Billion Offer of Senior Notes by Its Edison Mission Energy Unit

EME intends to use the net proceeds of the offering, together withcash on hand, to consummate its previously announced cash tender offerand consent solicitation for all $400,000,000 of its outstanding 10%Senior Notes due August 15, 2008, and all $600,000,000 of itsoutstanding 9.875% Senior Notes due April 15, 2011.

The Senior Notes will not be registered under the Securities Actor applicable state securities laws, and may not be offered or sold inthe United States absent registration or an applicable exemption fromthe registration requirements of the Securities Act and applicablestate laws.

This announcement is for informational purposes only and shall notconstitute an offer to sell or the solicitation of an offer to buy anysecurities, nor shall there be any sale of the Senior Notes in anyjurisdiction in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securitieslaws of any such jurisdiction or an exemption therefrom.

EME is a subsidiary of EMG, which is the parent company of theunregulated subsidiaries of Rosemead, California-based EdisonInternational (NYSE:EIX).

This press release includes forward-looking statements. EME hasbased these forward-looking statements on its current expectations andprojections about future events based upon knowledge of facts as ofthe date of this press release and its assumptions about futureevents. These forward-looking statements are subject to various risksand uncertainties that may be outside EME's control. EME has noobligation to publicly update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise. This press release should be read in conjunction with EME'sAnnual Report on Form 10-K, Amendment No. 1 to Annual Report on Form10-K/A, Quarterly Report on Form 10-Q and Current Report on Form 8-Kdated May 8 filed this calendar year.

The Edison Mission Group consists of unregulated subsidiaries ofRosemead, Calif.-based Edison International (NYSE:EIX), an electricpower generator and distributor, and an investor in infrastructure andrenewable energy projects. The company is comprised of a regulatedutility, Southern California Edison (SCE) and an unregulated group ofbusiness units, Edison Mission Group (EMG). The California PublicUtilities Commission does not regulate the terms of EMG's products andservices.