EXHIBIT A[Face of Note]CUSIP/CINS __________ISIN ___________% Senior Notes due __________No. _____$ __________EDISON MISSION ENERGYpromises to pay to ______________________________________________________________or registered assigns,the principal sum of ___________________________________________________ DOLLARSon ____________________ , ____ .Interest Payment Dates: and _______Record Dates: and _______Dated: _______________________ , _____EDISON MISSION ENERGYBy: __________________________________Name:Title:By: __________________________________Name:Title:This is one of the Notes referred to in thewithin-mentioned Indenture:WELLS FARGO BANK, NATIONALASSOCIATION, as TrusteeBy: __________________________________Authorized SignatoryA-1
[Back of Note]_____ % Senior Notes due __________[Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture][Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture][Insert the IAI Note Legend, if applicable pursuant to the provisions of the Indenture][Insert the ERISA Legend, if applicable pursuant to the provisions of the Indenture]Capitalized terms used herein shall have the meanings assigned to them in the Indenturereferred to below unless otherwise indicated.1. INTEREST. <strong>Edison</strong> Mission Energy, a Delaware corporation (the "Company"),promises to pay interest on the principal amount of this Note at _____% per annum ____, ____until maturity and to pay the Liquidated Damages, if applicable, payable pursuant to Section ___of the Registration Rights Agreement referred to below. The Company will pay interest andLiquidated Damages, if applicable, semi-annually in arrears on _____ and _____ of each year,(each an "Interest Payment Date"); provided that if any such day is not a Business Day, then suchpayment will be made on the next succeeding Business Day. Interest on this Note will accruefrom the most recent date to which interest has been paid or, if no interest has been paid, from______; provided that if there is no existing Default in the payment of interest, and if this Note isauthenticated between a record date referred to on the face hereof and the next succeedingInterest Payment Date, interest shall accrue from such next succeeding Interest Payment Date;provided, further, that the first Interest Payment Date in respect of this Note shall be ______.The Company shall pay interest (including post-petition interest in any proceeding under anyBankruptcy Law) on overdue principal at the rate that is equal to the rate set forth on the face ofthis Note, and it shall pay interest (including post-petition interest in any proceeding under anyBankruptcy Law) on overdue installments of interest and Liquidated Damages, if any, (withoutregard to any applicable grace periods) from time to time at the same rate to the extent lawful.Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.2. METHOD OF PAYMENT. The Company will pay interest on this Note (exceptdefaulted interest) and Liquidated Damages, if applicable, to the Person who is the registeredHolder of this Note at the close of business on the ____ or _____ next preceding the InterestPayment Date, even if this Note is canceled after such record date and on or before such InterestPayment Date, except as provided in Section 2.12 of the Indenture with respect to defaultedinterest. This Note will be payable as to principal, premium and Liquidated Damages, ifapplicable, and interest by mailing a check for such to or upon the written order of the registeredHolder of this Note entitled thereto at its last address as it appears on the Notes Register or, uponwritten application to the Trustee (which shall be received by the Trustee prior to the record date)by a Holder of $1,000,000 or more in aggregate principal amount of Notes, by wire transfer ofimmediately available funds to an account maintained by such Holder with a bank or otherfinancial institution; provided, however, that (subject to the provisions of Section 2.8 of theIndenture) payment of principal of, and premium, if any, on any Note may be conditioned uponpresentation for payment of the certificate representing such Note. Such payment shall be insuch coin or currency of the United States of America as at the time of payment is legal tenderfor payment of public and private debts.A-2