Edison International Unit Completes Acquisition Of Two

Generating Plants in the United Kingdom London (PROTEXT) - Edison International's (NYSE: EIX) whollyowned power generation subsidiary, Edison Mission Energy, todayannounced it has completed the acquisition of the Ferrybridge andFiddler's Ferry coal- fired electric generating plants. EdisonMission Energy paid PowerGen approximately 1.25 billion poundsSterling (US$2.0 billion) for the two plants. Ferrybridge,located in West Yorkshire, and Fiddler's Ferry, located inWarrington, each has a generating capacity of approximately 2,000megawatts. "This purchase is very positive for both the shareholders ofEdison International and electricity consumers in the UnitedKingdom, who will benefit from increased competition in theelectricity marketplace. We are pleased that the U.K.'s Secretaryof State for Trade and Industry has approved the transaction,recognising the positive benefits it will create for all theparties involved," said John E. Bryson, chairman and chiefexecutive officer of Edison International. "Our customers in the wholesale market will benefit from ourincreased ability to provide contracts that represent the closestpossible match with their demand patterns," said S. LinnWilliams, division president of Edison Mission Energy, Europe,Central Asia, Middle East & Africa. "The addition of these assetsstrengthens our position in the U.K. market and provides usincreased flexibility," Williams said. "We expect these plants to be excellent performers from botheconomic and environmental perspectives," said Edward R. Muller,president and chief executive officer of Edison Mission Energy.In conjunction with the acquisition, Edison Mission Energy plansto invest 200 million pounds Sterling (US$325 million) to upgradethe plants' pollution controls, adding new low NOx burners andflue gas desulphurisation units. Edison International is a world leader in energy production,distribution, research and technology, capital financing and themarketing of consumer products and services. Headquartered inRosemead, California, Edison International is the parent companyof Southern California Edison, Edison Mission Energy, EdisonEnterprises and Edison Capital. Edison Mission Energy specialises in the development,acquisition, construction management and operation of globalpower production facilities. As one of the world's leading globalpower producers, Edison Mission Energy's investments include 65projects currently operating or under construction in Australia,Indonesia, Italy, New Zealand, Spain, Thailand, Turkey, theUnited Kingdom and the United States. In total, these projectsrepresent approximately 19,400 megawatts of generating capacity.In addition, Edison Mission Energy is in the process of acquiring9,621 megawatts of generating capacity in the Midwest region ofthe United States. ots Original Text Service: Edison MissionEnergy Internet: http://www.newsaktuell.de Contact: UnitedKingdom: S. Linn Williams of Edison Mission Energy, 0171-312-4000, fax: 0171-312-4044; or Anthony Cardew or Peter Gaze, bothof Cardew & Co., for Edison Mission Energy, 0171-930-0777; orUnited States: Randall D. Oliver of Edison Mission Energy, 949-798-7840, fax: 949-225-7740

Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.

PROTEXT