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EXHIBIT 99.2
EDISON MISSION HOLDINGS CO.
SOLICITATION OF CONSENTS TO AMENDMENTS AND WAIVERS WITH RESPECT TO THE
INDENTURE GOVERNING ITS 8.137% SENIOR SECURED BONDS DUE 2019 AND ITS
8.734% SENIOR SECURED BONDS DUE 2026
November __, 2001
To Our Clients:
Enclosed for your consideration are the consent solicitation statement dated
November __, 2001 and applicable consent form, including instructions, relating
to the solicitation by Edison Mission Holdings Co. of consent from the holders
as of the close of business on November __, 2001 of its 8.137% Senior Secured
Bonds due 2019 and its 8.734% Senior Secured Bonds due 2026, which we refer to
collectively as the outstanding bonds. Edison Mission Holdings is soliciting
consent to the effectuation of a sale-leaseback transaction and the adoption of
proposed amendments, proposed waivers and an authorization, which are all as
described in the consent solicitation statement, with respect to the indenture
under which the outstanding bonds have been issued and related security
documents. We refer to November __, 2001 as the record date.
In consideration for the delivery of the consents, a payment will, subject
to the conditions specified in the consent solicitation statement, be made to
each holder as of the record date at the rate specified in the consent
solicitation statement for each U.S.$1,000 principal amount of outstanding bonds
for which a consent has been validly delivered and not revoked on or before
5:00 p.m., New York City time, on December __, 2001, unless extended. We refer
to December __, 2001, as extended, as the expiration date. Consents may be
revoked at any time up to the consent date, which is the earlier of
(A) 5:00 p.m. New York City time on December ___, 2001 and (B) the time on which
Edison Mission Holdings receive the requisite consents. The consent payment will
be paid within five (5) days of the expiration date. Holders of the bonds who do
not consent or who consent after the expiration date will not receive the
consent payment.
The materials relating to the consent solicitation are being forwarded to
you as the beneficial owner of outstanding bonds carried by us for your account
or benefit but not registered in your name. Delivery of consents with respect to
any outstanding bonds may only be made by us as the holder and pursuant to your
instructions. For purposes of this consent, the term holder is deemed to include
the participants through which a beneficial owner's outstanding bonds are held
in The Depository Trust Company, which we refer to as DTC. DTC has authorized
DTC participants to execute consents as if they were holders. Therefore, Edison
Mission Holdings urges the beneficial owners of outstanding bonds registered in
the name of a broker, dealer, commercial bank, trust company, including DTC, or
other nominee to contact the holder promptly if they wish to deliver a consent
according to the consent solicitation.
Your instructions to us should be forwarded as promptly as possible in order
to permit us to provide the related consents on your behalf in accordance with
the provisions of the consent solicitation statement. The consent solicitation
will expire at 5:00 p.m., New York City time, on December __, 2001, unless the
expiration date is extended as provided in the consent solicitation statement.
If you wish to have us deliver consents with respect to any or all of your
outstanding bonds held by us or which we hold through DTC for your account or
benefit according to the consent solicitation statement, please so instruct us
by completing, executing and returning to us the letter of instructions set
forth on the reverse page of this letter. Unless otherwise specified in the
letter of instructions, if you authorize us to consent, we will consent with
respect to the entire aggregate principal amount of outstanding bonds which we
hold for your account. Your instructions should be forwarded to us in ample time
to permit us to complete a consent on your behalf on or before the expiration
date. If you do not authorize us to submit a consent in time for us to consent
before the expiration date, you will not be entitled to receive the consent
payment. THE ACCOMPANYING CONSENT FORM IS FURNISHED TO YOU FOR INFORMATIONAL
PURPOSES ONLY AND MAY NOT BE USED BY YOU TO DELIVER CONSENT FOR OUTSTANDING
BONDS HELD BY US AND REGISTERED IN OUR NAME FOR YOUR ACCOUNT.
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LETTER OF INSTRUCTIONS
WITH RESPECT TO DELIVERY OF CONSENTS
IN CONNECTION WITH THE CONSENT SOLICITATION
TO BE USED IF YOU WISH US TO CONSENT ON YOUR BEHALF
To:
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(Fill in name of custodian holding outstanding bonds)
The undersigned acknowledge(s) receipt of your letter and the enclosed
consent solicitation statement dated November __, 2001 and the applicable
consent form in connection with the solicitation by Edison Mission Holdings Co.
of consents to the proposed amendments, the proposed waivers and the
authorization, which are all as described in the consent solicitation statement,
with respect to the indenture governing the outstanding bonds of Edison Mission
Holdings referred to in the consent solicitation statement.
AUTHORIZATION TO CONSENT--This will authorize you to deliver the
undersigned's consents in favor of the effectuation of the sale-leaseback
transaction, the proposed amendments, the proposed waivers and the authorization
with respect to the principal amount of outstanding bonds indicated below held
by you for the account or benefit of the undersigned, according to the terms and
conditions set forth in the consent solicitation statement dated November __,
2001.
PLEASE SIGN HERE AND PROVIDE
THE FOLLOWING INFORMATION
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SIGNATURE(S)
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NAME(S) (PLEASE PRINT)
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ADDRESS
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ZIP CODE
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AREA CODE AND TELEPHONE NUMBER
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TAX IDENTIFICATION OR SOCIAL SECURITY NUMBER
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MY ACCOUNT NUMBER WITH YOU
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PRINCIPAL AMOUNT BENEFICIALLY OWNED
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PRINCIPAL AMOUNT AS TO WHICH CONSENT IS GIVEN
(MUST BE AN INTEGRAL OF U.S.$1,000)
Dated: , 2001