Midwest Generation plans new credit facility; Edison Mission amends loan

By Sara Rosenberg

New York, May 9 - Midwest Generation LLC, a subsidiary of Edison International, is planning to get a new senior secured working capital facility to replace its existing $500 million senior secured working capital facility with a longer maturity date and less restrictive covenants, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

In addition, Edison Mission Energy, another subsidiary of Edison International, amended its secured credit facility on May 7 to increase the size to $600 million from $500 million.

Midwest Generation is a Chicago-based seller of wholesale electricity to markets in the Midwest. Edison Mission Energy is a Rosemead, Calif.-based electric power generator and distributor.

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