Edison International Unit to Acquire Generating Assets

of Commonwealth Edison / Environmental Controls at AcquiredPlants Will Be Upgraded Following Completion of Transaction ROSEMEAD, Calif. (ots-PRNewswire) - Edison International(NYSE: EIX) announced today that it's wholly-owned independentpower subsidiary will acquire all the fossil-fuel generatingassets of Commonwealth Edison. The company will pay approximately$5 billion for a package of coal and gas-fired electricitygenerating facilities with a total capacity of 9,772 megawatts.The transaction is expected to close by year-end 1999. John E. Bryson, chairman and chief executive officer of EdisonInternational, said the plants have excellent access toattractive markets in the Midwest and will continue to providepower to meet the needs of northern Illinois. "These assetsrepresent some of the most competitive generation in the region.The acquisition complements the recent acquisition of the HomerCity Generating station in the Mid-Atlantic region, giving us astrong generation presence across the United States." In conjunction with the acquisition, Edison Mission Energy,the Edison International subsidiary that will own and operate thefacilities, will invest additional capital in the plants toupgrade pollution controls, extend plant life, improvereliability and reduce generation cost. Fueled with low-sulfurcoal from Wyoming's Powder River Basin, the coal facilitiesalready meet stringent environmental standards for sulfur dioxideemissions. "As with all the plants we own, strong environmentalperformance will be one of our key objectives," said Edward R.Muller, president and chief executive officer of Edison MissionEnergy. "We will invest more than $200 million in environmentalenhancements. Our key goal in upgrading pollution controls onthese plants is to reduce nitrogen oxides (NOx). We will achievebetter than a 50 percent initial reduction in NOx within threeyears of assuming control of these plants." Muller also notedthat the investments will continue efficiency enhancements begunby Commonwealth Edison in 1997. Chase Securities Inc. acted as financial advisor to EdisonMission Energy. 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 Enterprises, Edison Capitaland Edison Mission Energy. Edison Mission Energy specializes 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 48projects currently operating in Australia, Spain, the UnitedKingdom and the U.S. and five plants under construction inIndonesia, Italy, Thailand, Turkey and the U.S. (Puerto Rico). Intotal, these projects represent nearly 12,400 megawatts ofgenerating capacity. ots Original Text Service: EdisonInternational Internet: http://www.newsaktuell.de Contact: JamesV. Iaco for Edison International, 949-798-7826, or fax, 949-757-4774

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