October 30, 2014 9:00 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Edison Mission Energy

Company Overview

Edison Mission Energy, through its subsidiaries, is engaged in acquiring, developing, owning or leasing, operating, and selling energy and capacity from independent power production facilities. Its projects primarily consist of coal-fired generating facilities, natural gas-fired generating facilities, and renewable energy facilities, which include wind projects. As of December 31, 2013, the company owned or leased interests in 42 operating projects with an aggregate net physical capacity of 9,381 mega watts (MW). It also operates a natural gas-fired peaker plant with a net generating capacity of 479 MW that is under construction. In addition, Edison Mission Energy is involved in hedging and ...

3 MacArthur Place

Suite 100

Santa Ana, CA 92707

United States

Founded in 1986

1,047 Employees

Phone:

714-513-8000

Key Executives for Edison Mission Energy

Principal Executive Officer
Age: 48
Chief Financial Officer
Age: 50
Vice President of Coal Generation and President of Midwest Generation
Age: 59
Senior Vice President and President of Marketing & Trading
Age: 52
Senior Vice President
Compensation as of Fiscal Year 2014.

Edison Mission Energy Key Developments

Edison Mission Energy Files Form 15

Edison Mission Energy has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.01 per share under the Securities Exchange Act of 1934, as amended.

Edison Mission Energy Auditor Raises 'Going Concern' Doubt

Edison Mission Energy filed its 10-K on Mar 12, 2014 for the period ending Dec 31, 2013. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Edison Mission Energy Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Revised Earnings Guidance for the Full Year of 2013

Edison Mission Energy announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported operating revenues of $3,960 million compared with $3,734 million for the same period a year ago. Operating income was $789 million compared with $713 million for the same period a year ago. Income from continuing operations before income taxes was $665 million compared with $610 million for the same period a year ago. Income from continuing operations was $488 million or $1.41 per diluted share compared with $382 million or $1.09 per diluted share for the same period a year ago. Net income attributable to Edison International common shareholders was $438 million or $1.34 per diluted share compared with $190 million or $0.58 per diluted share for the same period a year ago. For the nine months, the company reported operating revenues of $9,638 million compared with $8,802 million for the same period a year ago. Operating income was $1,212 million compared with $1,520 million for the same period a year ago. Income from continuing operations before income taxes was $863 million compared with $1,204 million for the same period a year ago. Income from continuing operations was $690 million or $1.87 per diluted share compared with $783 million or $2.18 per diluted share for the same period a year ago. Net income attributable to Edison International common shareholders was $614 million or $1.87 per diluted share compared with $357 million or $1.09 per diluted share for the same period a year ago. Net cash provided by operating activities was $2,253 million compared with $2,158 million for the same period a year ago. Capital expenditures was $2,761 million compared with $3,105 million for the same period a year ago. Purchases of nuclear decommissioning trust investments and other was $4,857 million compared with $1,689 million for the same period a year ago. The company increased its 2013 core earnings guidance to $3.60 to $3.70 per share and its basic earnings guidance to $2.50 to $2.60 per share. Guidance increased largely due to updated income tax and lower operation and maintenance cost assumptions. See the risk disclosure statement in the Appendix and the presentation accompanying the company's conference call for further information.

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