Edison Mission Energy (EME) was an independent power producer based in California, United States. It was owned by Edison International. On December 17, 2012, EME filed for Chapter 11 Bankruptcy with a proposal to transfer control of the company to holders of $3.7 billion in unsecured bonds. The reorganization plan was approved in March 2014 by the U.S. Bankruptcy Court. Under the reorganization plan, Edison Mission Energy would remain a subsidiary of Edison International, but a new trust, under the control of the former bond-holders, would contain almost all of the former assets and liabilities of EME.