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                                                                    Exhibit 23.1



                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                   -----------------------------------------



As independent public accountants, we hereby consent to the use of our
reports dated March 28, 2001 on the financial statements of Edison Mission
Holdings Co., EME Homer City Generation L.P., Chestnut Ridge Energy Co., and
Edison Mission Finance Co., included in Edison Mission Holdings Co.'s Annual
Report on Form 10-K for the year ended December 31, 2000, incorporated by
reference in this registration statement (No. 333-70068) and to all references
to our Firm included in this registration statement.

/s/ ARTHUR ANDERSEN LLP


Orange County, California
November 15, 2001