Edison Mission Energy – ‘10-Q’ for 3/31/00 – EX-18.1

On:  Friday, 5/12/00, at 4:56pm ET   ·   For:  3/31/00   ·   Accession #:  1017062-0-1179   ·   File #:  0-24890

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report for Period Ended 03/31/2000          34    129K 
 2: EX-10.76    Agreement Between E. Muller & Edison Intr'L           47    190K 
 3: EX-10.77    Agreement by & Between S.L. Williams & Edison Ms      31    122K 
 4: EX-10.78    Form of Agreement for 2000 Employee Awards             6     28K 
 5: EX-10.79    Resolution Regarding the Computation                   1      6K 
 6: EX-10.80    Shareholder Interest Purchase Agreement               37     92K 
 7: EX-18.1     Preferability Letter Regarding Change                  1      8K 
 8: EX-27       Financial Data Schedule                                2      8K 

EX-18.1   —   Preferability Letter Regarding Change

EX-18.1
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                                                                    EXHIBIT 18.1

To the Board of Directors of                                                    
Edison Mission Energy:                                                      

Re: Form 10-Q Report for the quarter ended March 31, 2000.                      

Gentlemen/Ladies:                                                               

This letter is written to meet the requirements of Regulation S-K calling for a 
letter from a registrant's independent accountants whenever there has been a    
change in accounting principle or practice.                                     

We have been informed that, as of March 31, 2000, Edison Mission Energy (the    
Company) has changed its method for accounting for major maintenance costs from 
the accrue in advance method of accounting to the expense as incurred method of 
accounting. According to the management of the Company, while the accrue in     
advance has been widely used by independent power producers as well as certain  
other industries, this change was made to conform its policy to the recent      
position taken by the staff of the Securities and Exchange Commission (SEC),    
whereby the staff has stated that it does not believe the accrue in advance     
method of accounting is appropriate.                                            

A complete coordinated set of financial and reporting standards for determining 
the preferability of accounting principles among acceptable alternative         
principles has not been established by the accounting profession. Thus, we      
cannot make an objective determination of whether the change in accounting      
described in the preceding paragraph is to a preferable method. However, we have
reviewed the pertinent factors, including those related to financial reporting, 
in this particular case on a subjective basis, and our opinion stated below is  
based on our determination made in this manner.                                 

We are of the opinion that the Company's change in method of accounting is to an
acceptable alternative method of accounting, which, based upon the reasons      
stated for the change and our discussions with you, is also preferable under the
circumstances in this particular case. In arriving at this opinion, we have     
relied on the business judgment and business planning of your management.       

We have not audited the application of this change to the financial statements  
of any period subsequent to December 31, 1999. Further, we have not examined and
do not express any opinion with respect to your financial statements for the    
three months ended March 31, 2000.                                              

Very truly yours,                                                               

Arthur Andersen LLP                                                             

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		5/12/00
For Period End:		3/31/00
		12/31/99		10-K,  10-K/A
				List all Filings