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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.
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
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.
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.
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.
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.

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AES Fact Sheet Provides Insights into Global Power Business

  • 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.