The AES Corporation

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  • Fri, Feb. 5, 9:43 AM
    • U.S. power utility AES Corp. (AES -0.9%) as well as Brazilian rivals CPFL Energia (CPL -0.8%) and Equatorial Energia are among groups showing preliminary interest in buying state-controlled power distributor Centrais Elétricas de Goiás, Reuters reports.
    • The plan comes as Centrais Elétricas Brasileiras (EBR -0.6%), Brazil's largest power holding company, is considering selling stakes in several distribution companies; the move underscores Pres. Rousseff's efforts to streamline the size of state companies, whose rapid growth has put public finances under pressure.
    | Fri, Feb. 5, 9:43 AM | 1 Comment
  • Jun. 25, 2014, 4:40 PM
    • AES Corp. (AES) agrees to sell 45% of its stake in the Masinloc power plant as well as development projects in the Philippines to EGCO Group for $453M; after the sale, AES will own a 51% stake in Masinloc and will continue to manage and operate the plant.
    • Separately, AES says recent actions by Bulgaria's energy regulator limiting the ability of the country's national electric company to pass through certain costs to the regulated market could hurt the financial performance of its 690 MW Maritza plant.
    | Jun. 25, 2014, 4:40 PM
  • Jun. 17, 2014, 5:19 PM
    • SunEdison (SUNE) is buying AES' 50% stake in Silver Ridge Power (SRP) for an undisclosed sum. The deal gives SunEdison 50% ownership of 336MW of operating solar projects, and 40% ownership of a 183MW CA solar project to be finished in 2016. (PR)
    • The remaining 50% stake in SRP will continue to be owned by Riverstone Holdings. But Riverstone and SunEdison expect SRP to contribute a 266MW operating CA solar project in its possession to SunEdison's TerraForm Power (TERP) YieldCo unit.
    • SunEdison also expects to buy Riverstone's share of SRP's interest in the 183MW project, and to contribute a 40% interest in the project to TerraForm in 2016.
    • Earlier: Solar stocks jump following SolarCity, Yingli news
    | Jun. 17, 2014, 5:19 PM
  • Feb. 28, 2012, 2:44 PM
    State Grid of China is in advanced talks with AES (AES -2.0) about snapping up its U.S. wind power business. The news follows up a report from last week that AES was also trying to shed China-based assets.
    | Feb. 28, 2012, 2:44 PM
  • Feb. 27, 2012, 6:53 AM

    PPL Corp. (PPL) acquires an AES Corp. (AES) subsidiary that operates a combined-cycle natural gas-fired power plant in Pennsylvania. The cost of the transaction runs $304M, including a $87M cash consideration.

    | Feb. 27, 2012, 6:53 AM
  • Nov. 22, 2011, 7:05 PM

    AES (AES) receives final approval from the Public Utilities Commission of Ohio for its acquisition of DPL.

    | Nov. 22, 2011, 7:05 PM
  • Sep. 23, 2011, 11:54 AM

    Shareholders of DPL (DPL +0.1%) approve a plan to merge with AES (AES +1.5%). The two energy companies expect to complete the merger in either Q4 or Q1 of 2012.

    | Sep. 23, 2011, 11:54 AM
  • Jul. 8, 2011, 9:01 AM

    Telecom Italia (TI -3.3%) is acquiring Brazilian fiber optic network owner AES Atimus, a unit of American power company AES, for approximately $1B. Telecom Italia, which already controls Brazil's 3rd-largest wireless carrier, expects the AES Atimus deal to "provide savings worth 1 billion Brazilian reais [$641M] over three years."

    | Jul. 8, 2011, 9:01 AM
  • Apr. 20, 2011, 4:00 AM

    AES Corp. (AES), one of the world's leading independent power producers, to acquire Ohio utility DPL Inc. (DPL) for $3.5B in cash, or $30/share, an 8.7% premium. Bank of America (BAC) will provide bridge financing. (PR)

    | Apr. 20, 2011, 4:00 AM | 1 Comment
Company Description
The AES Corporation is a power generation and utility company. The Company operates in two business lines; Generation & Utilities; through its six market-oriented Strategic Business Units in United States, Andes, Brazil, MCAC, EMEA and Asia.
Sector: Utilities
Country: United States