aes corp (AES) Details
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity to the wholesale market. Its portfolio includes a range of fuels, including coal, gas, fuel oil, water, wind, and solar. The AES Corporation owns and/or operates a generation portfolio of approximately 31,000 megawatts. The company has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, and Asia. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.
Last Reported Date: 02/27/13
Founded in 1981
aes corp (AES) Top Compensated Officers
Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $214.2K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $578.0K
Acting Chief Compliance Officer, Executive Vi...
Total Annual Compensation: $551.0K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $407.5K
Compensation as of Fiscal Year 2012.
The AES Corporation Announces Early Settlement of Tender Offers for its Outstanding Senior Notes
May 14 13
The AES Corporation announced that the early results of its tender offers to purchase for cash, subject to certain terms and conditions, its outstanding 7.75% Senior Notes due 2014, 7.75% Senior Notes due 2015 (the 2015 Notes), 9.75% Senior Notes due 2016 (the 2016 Notes) and 8.00% Senior Notes due 2017 (the 2017 Notes and, together with the 2014 Notes, the 2015 Notes and the 2016 Notes, the Securities). AES announced that it increased the maximum aggregate principal amount of the 2015 Notes, 2016 Notes and 2017 Notes (collectively, the Capped Securities) that may be purchased pursuant to the Tender Offers from $300,000,000 for the Capped Securities, to $660,174,000 for the Capped Securities (the Capped Securities Tender Cap Amount). The principal amount of each series of Capped Securities that may be purchased pursuant to the Tender Offers will not exceed the applicable maximum tender amount set in the table below (with respect to each series of Capped Securities, the "Series Maximum Tender Amount"), which in each case has been increased from a previously announced Series Maximum Tender Amount of $100,000,000. Because of the change in the Series Maximum Tender Amounts, the expiration date of the Tender Offers for the Capped Securities will be extended, and such Tender Offers are now scheduled to expire at 11:59 p.m., New York City time, on May 28, 2013. The Tender Offer for the 2014 Notes, however, is still scheduled to expire at 11:59 p.m., New York City time, on May 22, 2013. As previously announced, all tendered Securities cannot be withdrawn after the Withdrawal Deadline, which was 5:00 p.m., New York City time, on May 8, 2013. AES expects the Early Settlement Date for Securities tendered at or prior to the Early Tender Date and accepted for payment to occur on May 17, 2013, but such date may change at AES's option and is subject to all conditions to the Tender Offers having been satisfied or waived by AES. On April 25, 2013, AES commenced the Tender Offers to purchase the Securities in accordance with the terms and conditions set in the Offers to Purchase for Cash and related Letter of Transmittal (collectively, the Tender Offer Materials). Capitalized terms used in this announcement and not otherwise defined shall have the meanings assigned to them in the Tender Offer Materials. According to information received from Global Bondholder Services Corporation (GBSC), the Depositary and Information Agent for the Tender Offers, as of the Early Tender Date, the Company had received valid tenders from Holders of the Securities as outlined in the table below, and AES intends to accept for payment the amount of Securities as set below. The Early Settlement Date for the Securities tendered at or prior to the Early Tender Date and accepted for payment as outlined above is expected to occur on May 17, 2013, but may change at AES's option and is subject to all conditions to the Tender Offers having been satisfied or waived by AES. Holders that tendered Securities at or prior to the Early Tender Date and whose Securities were accepted for payment will be entitled to receive the Total Consideration (as defined in the Tender Offer Materials), which includes the Early Tender Premium, plus accrued and unpaid interest up to, but not including, the Early Settlement Date.
The AES Corporation Presents at 8th Annual LatAm Ceo Conference, May-15-2013
May 12 13
The AES Corporation Presents at 8th Annual LatAm Ceo Conference, May-15-2013 . Venue: New York, New York, United States.
The AES Corporation Plans to Close O.H. Hutchings Generating Station in Miamisburg
May 10 13
The AES Corporation disclosed that it plans to close the O.H. Hutchings Generating Station in Miamisburg along the Great Miami River at the end of the month. The six coal-fired units at Hutchings provide about 360 megawatts of electricity and the plant has employed 50 in recent years, but workers will not lose their jobs because they will transfer to other positions. Some are going to other power plants and others are staying in the Dayton area.