Exhibit 23.1


                    Consent of Independent Public Accountants

As independent public accountants, we hereby consent to the use of our report
on the consolidated financial statements of Edison Mission Holdings Co.,
dated February 24, 2000 included in the prospectus, which is part of this
registration statement, the use of our reports on the financial statements of
Edison Mission Finance Co., Chestnut Ridge Energy Company and EME Homer City
Generation L.P. each dated February 24, 2000 included in the prospectus,
which is part of this registration statement and to the incorporation by
reference of our report on the consolidated financial statements of Edison
Mission Energy, dated March 15, 1999 included in Edison Mission Energy's
Annual Report on Form 10-K for the year ended December 31, 1998 and to all
references to our Firm included in or made a part of the prospectus, which is
part of this registration statement.

                                                       /s/ Arthur Andersen LLP

Los Angeles, California
March 21, 2000