The AES Corporation is a global power company that generates and distributes electricity. It has a diverse portfolio of over 42,000 MW of generation capacity across 5 continents. In 2008, AES reported $16 billion in revenue and over $35 billion in total assets. It owns and operates 127 generation facilities and manages 5 more, with 25 additional facilities under construction.
1. Fact Sheet
December 2008
Introduction
The AES Corporation (NYSE: AES) is a global power company with generation and distribution businesses. Through our
diverse portfolio of thermal and renewable fuel sources, we provide affordable and sustainable energy in 29 countries. Our
workforce of 25,000 people is committed to operational excellence and meeting the world's changing power needs. Our
2008 revenues were $16 billion and we own and manage more than $35 billion in total assets. To learn more, please visit
www.aes.com.
The diversity of our portfolio – across fuel source, market, geography – helps reduce the risk from changes in commodity
and currency prices, weather and regulatory framework.
Basic Facts
Businesses in 29 Countries on 5 Continents 2008 Revenue by Line of Business ($16,895)
Generation Facilities
127 Generation facilities owned by AES
5 Generation facilities operated under management agreements
25 Generation facilities under construction
Utilities
46%
Utilities Generation
12 Distribution businesses owned by AES 54%
2 Distribution businesses operated under management agreements
Serving more than 11 million people
2006 1
Recent Financial History ($ in Millions) 2008 2007
Revenues $ 16,070 $ 13,516 $ 11,576
Net (Loss) Income $ 1,234 $ (95) $ 247
Total Assets $ 34,806 $ 34,453 $ 31,274
Capacity by Geography/Category 2 Gross MW Proportional MW by AES % Ownership
Under Under
In Operation Total In Operation Total
Construction Construction
Latin America 11,054 1,715 12,769 7,022 1,135 8,157
North America 13,368 0 13,368 13,146 0 13,146
Europe, CIS & Africa 11,416 898 12,314 5,279 829 6,108
Asia & Middle East 5,664 380 6,044 2,595 141 2,736
AES Wind Generation 3 1,275 3 410 3 1,685 3 1,004 3 261 3 1,265 3
AES Solar Energy Ltd. 4 24 0 24 12 0 12
Total Generation Capacity 42,800 3,403 46,203 29,058 2,366 31,424
Capacity by Fuel Type 2 Gross MW Proportional MW by AES % Ownership
Under Under
In Operation Total In Operation Total
Construction Construction
Coal 17,572 2,032 19,604 10,978 1,528 12,506
Gas 14,009 380 14,389 11,736 141 11,877
Hydro 7,460 285 7,745 3,399 217 3,616
Oil 1,105 86 1,191 730 48 778
1,274 4 1,684 4 1,004 4 1,265 4
Wind 410 261
Pet Coke 620 0 620 616 0 616
Diesel 539 210 749 393 171 564
Biomass 197 0 197 190 0 190
Solar 24 0 24 12 0 12
Total Generation Capacity 42,800 3,403 46,203 29,058 2,366 31,424
1
Restated.
2
Includes all Generation segment power plants owned by AES or operated under management agreements, and under construction.
3
AES Wind Generation is part of the North America region.
4
AES Solar Energy Ltd. Is a Joint Venture with Riverstone Holdings.
3
Includes 827 MW wind generation, which AES owns together with third party tax equity investors with variable ownership interests. The tax
equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life of the projects.
The proceeds from the issuance of tax equity are recorded as Minority Interest in the Company's consolidated balance sheet.
2. Latin America
Generation
Date of
Acquisition or
Commencement
of Commercial Contract
Proportional MW Operations Expiration Date
Business Location Fuel Gross MW Customers
Alicura Argentina Hydro 1,050 1,040 2000 Various customers
Central Dique Argentina Gas/Diesel 68 35 1998 Short-term Various customers
Gener - TermoAndes Argentina Gas/Diesel 643 457 2000 2025 Gener
Paraná-GT Argentina Gas 845 837 2001 Short-term Various customers
1 Argentina Hydro 45 0 2004 Various customers
Quebrada de Ullum
Rio Juramento - Cabra Corral Argentina Hydro 102 101 1995 Various customers
Rio Juramento - El Tunal Argentina Hydro 10 10 1995 Various customers
San Juan - Sarmiento Argentina Gas 33 33 1996 Short-term Various customers
San Juan - Ullum Argentina Hydro 45 45 1996 Various customers
San Nicolás Argentina Coal/Gas/Oil 675 668 1993 Short-term Various customers
Tietê 2 Brazil Hydro 2,651 636 1999 Eletropaulo
Uruguaiana Brazil Gas 639 294 2000 2009-2020 Companhia Estadual de Energia
Elétrica /Rio Grande Energia
S.A./Eletropaulo/AES Sul
3 Chile Gas/Diesel 479 307 2000 2013 Gener
Gener - Electrica Santiago
4 Chile Biomass/Diesel 49 35 2000 2010-2012 Various customers
Gener - Energía Verde
Gener - Gener 5 Chile Hydro/Coal/Diesel 807 573 2000 2008-2025 Various customers
Gener - Guacolda Chile Coal/Pet Coke 304 106 2000 2009-2015 Various customers
Gener - Norgener Chile Coal/Pet Coke 277 197 2000 2013-2017 Minera Escondida/SQM
Nitratos/SQM Salar
Chivor Colombia Hydro 1,000 710 2000 Short-term Various customers
Andres Dominican Republic Gas 319 319 2003 2018 Ede Este/Non-regulated users/
Linea Clave (Domestic retail gas
company)
6 Dominican Republic Coal 295 147 2000 2016 Ede Este/ Ede Sur/Ede Norte/
Itabo
Quitpe
Los Mina Dominican Republic Gas 236 236 1996 2016 Ede Este
Bayano Panama Hydro 260 127 1999 2008-2018 Electra Noreste/ Edemet/
Edechi/other customers
Chiriqui - Esti Panama Hydro 120 59 2003 2008-2018 Electra Noreste/ Edemet/
Edechi/other customers
Chiriqui - La Estrella Panama Hydro 48 24 1999 2008-2018 Electra Noreste/ Edemet/
Edechi/other customers
Chiriqui - Los Valles Panama Hydro 54 26 1999 2008-2018 Electra Noreste/ Edemet/
Edechi/other customers
11,054 7,022
1 AES operates these facilities through management or operations and maintenance agreements and owns no equity interest in these businesses.
2 Tietê plants: Água Vermelha, Bariri, Barra Bonita, Caconde, Euclides da Cunha, Ibitinga, Limoeiro, Mog-Guaçu, Nova Avanhandava and Promissão.
3 Gener - Electrica Santiago plants: Nueva Renca and Renca.
4 Gener - Energia Verde Plants: Constitución, Laja and San Francisco de Mostazal.
5 Gener - Gener plants: Ventanas, Laguna Verde, Laguna Verde Turbogas, Alfalfal, Maitenas, Queltehues, Volcán and Los Vientos.
6 Itabo plants: Itabo Complex (two coal-fired steam turbines and one gas-fired steam turbine).
Generation Under Construction
Expected Year of
Commerical Contract
Proportional MW Operation Expiration Date
Business Location Fuel Gross MW Customers
Angamos Chile Coal 518 368 2011 2026-2029 Minera Esconida/ Minera Spence
Campiche Chile Coal 270 192 2011 Gener
Guacolda 3 Chile Coal 152 53 2009 2020-2025 Various Customers
Guacolda 4 Chile Coal 152 53 2010 2020-2025 Various Customers
Santa Lidia Chile Diesel 130 92 2008
Nueva Ventanas Chile Coal 270 192 2010 2025 Gener
Changuinola I Panama Hydro 223 185 2011 2020 AES Panama
1,715 1,135
Utilities
Approx. Number of AES Equity
Customers Served as Approx. GWh Sold in Interest (Percent, Date of
Type of 12/31/2008 2008 Rounded) Acquisition
Business Location
Edelap Argentina Distribution 311,271 2,363 90 1998
Edes Argentina Distribution 162,912 721 90 1997
Eletropaulo Brazil Distribution 5,832,093 33,860 16 1998
Sul Brazil Distribution 1,128,248 7,574 100 1997
CAESS El Salvador Distribution 506,559 1,942 75 2000
CLESA El Salvador Distribution 291,918 793 64 1998
DEUSEM El Salvador Distribution 59,062 105 74 2000
EEO El Salvador Distribution 217,000 424 89 2000
8,509,063 47,782
3. North America
Generation
Date of Acquisition or
Commencement of Contract
Commercial Expiration
Proportional MW Operations Date
Business Location Fuel Gross MW Customers
Mérida III Mexico Gas 484 266 2000 2025 Comision Federal de Electricidad
Termoelectrica del Golfo (TEG) Mexico Pet Coke 230 228 2007 2027 CEMEX
Termoelectrica del Peñoles (TEP) Mexico Pet Coke 230 228 2007 2027 Penoles
Placerita USA - CA Gas 120 120 1989 2007 Southern California Edison
Southland - Alamitos USA - CA Gas 2,047 2,047 1998 2018 JP Morgan
Southland - Huntington Beach USA - CA Gas 904 904 1998 2009-2018 JP Morgan/SCE
Southland - Redondo Beach USA - CA Gas 1,376 1,376 1998 2018 JP Morgan
Thames USA - CT Coal 208 208 1990 2015 Connecticut Light & Power
Hawaii USA - HI Coal 203 203 1992 2022 Hawaiian Electric Co.
Warrior Run USA - MD Coal 205 205 2000 2030 Potomac Edison (Allegheny
Power)
TAQA Gen X LP 1
Red Oak USA - NJ Gas 832 832 2002 2022
Cayuga USA - NY Coal 306 306 1999 Short-term Various customers
Greenidge USA - NY Coal 161 161 1999 Short-term Various customers
Somerset USA - NY Coal 675 675 1999 Short-term Various customers
Westover USA - NY Coal 126 126 1999 Short-term Various customers
Shady Point USA - OK Coal 320 320 1991 2008 Oklahoma Gas & Electric
Beaver Valley USA - PA Coal 125 125 1985 2016 West Penn Power Co.
Ironwood USA - PA Gas 710 710 2001 2021 PPL
Puerto Rico USA - PR Coal 454 454 2002 2027 Puerto Rico Electric Power
Authority
Deepwater USA - TX Pet Coke 160 160 1986 Short-term Various customers
9,876 9,654
1 JP Morgan is the guarantor behind the tolling agreement.
Utilities
Approx. Number of Approx.
Customers Served as GWh Sold
Type Gross MW Proportional MW of 12/31/2008 in 2008 Date of Acquisition
Business Location
IPL 1 USA - IN Integrated 3,492 3,492 470,000 16,192 2001
3,492 3,492 470,000 16,192
1 IPL plants: Eagle Valley, Georgetown, Harding Street and Petersburg.
4. Europe, CIS & Africa
Generation
Date of Acquisition or
Commencement of Contract
Commercial Expiration
Business 1,2 Proportional MW Operations Date
Location Fuel Gross MW Customers
Bohemia Czech Republic Coal/Biomass 50 50 2001 2012-2015 E.ON, Kovosvit, Madeta, MAS,
Maso, Plana, Silon
Borsod Hungary Biomass/Coal 56 56 1996 Short-term EMASZ
Tisza II Hungary Gas/Oil 900 900 1996 Short-term EON Energiaszolgaltato
Kft/MAVIR
Tiszapalkonya Hungary Coal/Biomass 116 116 1996 Short-term Magyar Olajes Gazipari Rt, Other
Customers
2, 3 Kazakhstan Coal 4,000 0 1996 Short-term Various Customers
Ekibastuz
2, 4 Kazakhstan Hydro 702 0 1997 Short-term Various Customers
Shulbinsk HPP
Sogrinsk CHP Kazakhstan Coal 301 301 1997 Short-term JSC Ust-Kamenogorsk Titanium
and Magnesium Plant/ Other
Customers
2, 4 Kazakhstan Hydro 331 0 1997 Short-term Various Customers
Ust - Kamenogorsk HPP
Ust - Kamenogorsk CHP Kazakhstan Coal 1,354 1,354 1997 Short-term Various Customers
Elsta Netherlands Gas 630 315 1998 2018 Dow Benelux, Delta
Nutsbedrijven, Essent Energy
Ebute Nigeria Gas 304 289 2001 2014 Power Holdings Company of
Nigeria
Cartagena Spain Gas 1,199 851 2006 2028 Gaz de France
Girlevik II-Mercan Turkey Hydro 12 6 2007 2021 TEDAS
Yukari-Mercan Turkey Hydro 14 7 2007 Short-term Various Customers
Kilroot United Kingdom Coal/Oil 520 515 1992 2024 Northern Ireland Electricity
10,489 4,760
1 AES additionally manages the Maikuben West coal mine in Kazakhstan, supplying coal to AES businesses and third parties.
2 AES manages these facilities through management or O&M agreements and owns no equity interest in these businesses.
3 AES entered into a stock purchase agreement to sell its indirect wholly-owned subsidiaries, Ekibastuz and the Maikuben West coal mine. The transaction closed in May 2008.
4 AES operates these facilities under concession agreements until 2017.
Generation Under Construction
Expected Year of
Proportional MW Commerical Operation 20082018
Business Location Fuel Gross MW Customers
1 Turkey Hydro 62 32 2010
I.C. Energy
Maritza East I Bulgaria Coal 670 670 2010 2025 Natsionalna Elektricheska
Kompania
Kilroot OCGT United Kingdom Diesel 80 79 2009 Single Electricity Market
Dibamba Cameroon Heavy Fuel Oil 86 48 2009
898 829
1 Joint Venture with I.C. Energy. I.C. Energy plants: Damlapinar Konya, Kepezkaya Konya and Kumkoy Samsun.
Utilities
Approx. Number of Approx.
Customers Served as GWh Sold
Type Gross MW Proportional MW of 12/31/2008 in 2008 Date of Acquisition
Business Location
SONEL 1 Cameroon Integrated 927 519 571,000 3,360 2001
Eastern Kazakhstan REC 2, 3 Kazakhstan Distribution - - 459,000 3,444 NA
Ust-Kamenogorsk Heat Nets 2, 4 Kazakhstan Distribution - - 96,000 0 NA
Kievoblenergo Ukraine Distribution - - 835,000 4,161 2001
Rivneenergo Ukraine Distribution - - 405,000 1,791 2001
927 519 2,366,000 12,756
1 SONEL plants: Bafoussam, Bassa, Djamboutou, Edéa, Lagdo, Logbaba I, Limbé, Mefou, Oyomabang I, Oyomabang II and Song Loulou, and other small remote network units.
2 AES operates this business through management agreements and owns no equity interest in these businesses.
3 Shygys Energo Trade, a retail electricity company is 100% owned by Eastern Kazakhstan REC and purchases distribution service from Eastern Kazakhstan REC and electricity in the wholesale electricity market and resells to the
distribution customers of Eastern Kazakhstan REC.
4 Ust-Kamenogorsk Heat Nets provide transmission, and distribution of heat, with a total heat generating capacity of 224 Gcal.
5. Asia & The Middle East
Generation
Date of Acquisition
or Commencement Contract
of Commercial Expiration
Proportional MW Operations Date
Business Location Fuel Gross MW Customers
Aixi China Coal 51 36 1998 2023 Fuling Hydro Power Investment
Group
Chengdu China Gas 50 18 1997 2012 Chengdu Power Bureau
Cili China Hydro 26 13 1994 Short-term Zhangjiajie Electricity Power
Bureau
Wuhu China Coal 250 63 1996 2016 Anhui Provincial Elec. Power
Yangcheng China Coal 2,100 525 2001 2016 Jiangsu Power
OPGC India Coal 420 206 1998 2026 GRID Corporation Ltd.
Barka Oman Gas 456 160 2003 2018 Omani Power & Water
Procurement Co
Lal Pir Pakistan Oil 362 199 1997 2027 Water and Power Development
Authority
Pak Gen Pakistan Oil 365 201 1998 2028 Water and Power Development
Authority
Masinloc Philippines Coal 660 607 2008 Short-term Various Customers
Ras Laffan Qatar Gas 756 416 2003 2029 KAHRAMAA
Kelanitissa Sri Lanka Diesel 168 151 2003 2023 Ceylon Electricity Board
5,664 2,595
1 Joint Venture with Guohua Energy Investment Co. Ltd.
Generation Under Construction
Expected Year of Contract
Commerical Expiration
Proportional MW Operation Date
Business Location Fuel Gross MW Customers
Amman East 1 Jordan Gas 380 141 July 2008-July 2009 2033-2034 National Electric Power Company
380 141
1 Construction of the Amman East power plant commenced in May 2007.
6. 1
AES Wind Generation
Generation
Date of Acquisition
or Commencement Contract
of Commercial Expiration
Proportional MW Operations Date
Business Location Fuel Gross MW Customers
Hulunbeier 2 China Wind 50 24 2008 2046 Hulunbeier Power Bureau
InnoVent 3 France Wind 51 20 2007 Various EDF
Altamont USA - CA Wind 43 43 2005 2015 Pacific Gas & Electric
2 USA - CA Wind 67 67 2008 2011 California Department of Water
Mountain View I & II
Resources
Palm Springs USA - CA Wind 30 30 2006 2015 Southern California Edison
Tehachapi USA - CA Wind 58 58 2006 2015 Southern California Edison
2 USA - IA Wind 80 80 2007 2019 Alliant Energy
Storm Lake II
Lake Benton I 2 USA - MN Wind 107 107 2007 2028 Excel Energy
2 USA - OR Wind 50 50 2005 2022 Bonneville Power Administration
Condon
Buffalo Gap I 2 USA - TX Wind 121 121 2006 2015 Direct Energy
Buffalo Gap II 2 USA - TX Wind 233 233 2007 2017 Direct Energy
Buffalo Gap III 2 USA - TX Wind 170 170 2008 2015 Direct Energy
4 USA Wind 215 0 2005 Various Various customers
Wind Generation Facilities
1,275 1,004
1
AES Wind Generation is part of the North America region.
2 AES owns these assets together with third party tax equity investors with variable ownership interests. The tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life
of the projects. The proceeds from the issuance of tax equity are recorded as Minority Interest in the Company's consolidated balance sheet.
3 InnoVent consists of eight small wind farms.
4 AES operates these facilities through management or O&M agreements and owns no equity interest in these businesses.
Generation Under Construction
Expected Year of Contract
Commerical Expiration
Proportional Operation Date
Business Location Fuel Gross MW Customers
St. Nikolas Bulgaria Wind 156 139 2009 2021 Nat'l Electricity Co.
1 China Wind 198 97 2009-2010 2034-2049 Hulunbeier Power Bureau/ Hebei
Guohua Energy Investment Co. Ltd.
Power Bureau
InnoVent 2 France Wind 34 14 2009 2024 EDF
North Rhins Scotland Wind 22 11 2009 2024 E.ON UK Ltd
410 261
1 Joint Venture with Guohua Energy Investment Co. Ltd. Guohua Energy plants: Huanghua I & II, Chenq Qi and Dong Qi.
2 InnoVent plants: Frenouville, Audrieu, Boisbergues, Gapree and Croixrault-Moyencourt.
1
AES Solar Energy Ltd.
Generation
Date of Acquisition
or Commencement Contract
of Commercial Expiration
Proportional MW Operations Date
Business Location Fuel Gross MW Customers
Solarfin 2 Spain Solar 24 12 2008
24 12
1 Joint Venture with Riverstone Holdings.
2 Solarfin plants: Darro, Alvarado, Villemesias, Iznalloz, Alhama, Pedro Martinez, Alcudia and Acula.