Key Developments: AES Corp (AES)

AES on New York Consolidated

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17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

AES Corp announces 100 pct increase in regular quarterly dividend
Monday, 15 Dec 2014 07:00am EST 

AES Corp:Declares a 100 pct increase in the company's quarterly common stock dividend, to $0.10 per share from $0.05 per share.Payable on Feb. 17, 2015, to shareholders of record at the close of business on Feb. 3, 2015.  Full Article

AES Corp lowers FY 2014 EPS outlook; gives FY 2015 EPS outlook below analysts' estimates; gives FY 2016 EPS outlook; raises FY 2017-18 EPS guidance
Thursday, 6 Nov 2014 06:09am EST 

AES Corp:Lowers FY 2014 adjusted EPS of $1.25-$1.31 (prior range of $1.30-$1.38).Expects FY 2015 adjusted EPS of $1.30-$1.40.Expects FY 2016 adjusted EPS to be Flat to modest growth.Expects FY 2017-2018 adjusted EPS of 8-10 pct (prior range of 6-8 pct).FY 2014 EPS of $1.31 - Thomson Reuters I/B/E/S.FY 2015 EPS of $1.41 - Thomson Reuters I/B/E/S.FY 2016 EPS of $1.47 - Thomson Reuters I/B/E/S.FY 2017 EPS of $1.59 - Thomson Reuters I/B/E/S.  Full Article

AES secures long-term contracts totaling 1,384 MW by providing energy solutions to Help Meet California's Electricity Needs
Wednesday, 5 Nov 2014 05:01pm EST 

AES Corp:Announces that it has been awarded 20-year contracts by Southern California Edison (SCE), to provide 1,284 MW of combined cycle gas-fired generation and 100 MW of interconnected battery-based energy storage.  Full Article

AES Corp announces quarterly dividend
Wednesday, 15 Oct 2014 05:00pm EDT 

AES Corp:Declares quarterly common stock dividend of 5 cents per share payable Nov. 17 to shareholders of record on Nov. 03.  Full Article

AES announces agreement to sell interest in assets in Turkey
Monday, 13 Oct 2014 06:01am EDT 

AES Corp:Enters into an agreement to sell its 49.62 pct equity interest in AES Entek Elektrik Üretimi A.S. (AES Entek), joint venture with KOÇ HOLDING A.S. and AYGAZ A.S., in Turkey, to its partners.The sale represents 100 pct of AES' interest in assets in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and its interest in a coal-fired development project.Says for $125 mln in equity proceeds to AES.Subject to customary regulatory approvals, this transaction is expected to close by first quarter of 2015.  Full Article

AES Corp announces strategic partnership for business in Dominican Republic
Wednesday, 3 Sep 2014 08:00am EDT 

AES Corp:Enters into strategic partnership with Estrella-Linda Group (Estrella-Linda).Under this agreement, Estrella-Linda will acquire an 8 pct minority interest in AES' business in Dominican Republic for $96 mln.Transaction is expected to close in fourth quarter of 2014 and is subject to customary closing conditions.  Full Article

AES Corp sells 100 pct of equity interests in 87.5 MW of operating wind projects in the united kingdom for $160 mln
Wednesday, 20 Aug 2014 08:00am EDT 

AES Corp:Enters into an agreement with SYND Holdco Ltd, a joint venture of Greencoat UK Wind PLC and Swiss Life Funds (Luxembourg) Global Infrastructure Opportunities S.C.A. to sell 100 pct of its equity interests in four operating wind projects in the United Kingdom, totaling 87.5 MW.For a consideration of $160 mln.Transaction is expected to close in the third quarter of 2014.  Full Article

AES Corp reaffirms FY 2014 EPS guidance
Thursday, 7 Aug 2014 07:00am EDT 

AES Corp:Reaffirms FY 2014 adjusted EPS guidance range of $1.30 to $1.38, which is based on foreign currency and commodity price assumptions as of June 30.As previously disclosed on May 8, the company continues to expect its adjusted EPS to be in low end of guidance range due to impact of dry hydrological conditions in Latin America, with potential full year adjusted EPS impact of $0.07 to $0.10, including $0.04 recorded in H1 2014.FY 2014 EPS of $1.33 - Thomson Reuters I/B/E/S.  Full Article

AES Corp announces quarterly dividend
Tuesday, 15 Jul 2014 05:01pm EDT 

AES Corp:Declares a quarterly common stock dividend of 5 cents per share.Payable Aug. 15, to shareholders of record at the close of business on Aug. 1.  Full Article

SunEdison Inc completes acquisition of SRP from AES Corp's subsidiary
Thursday, 3 Jul 2014 07:00am EDT 

SunEdison Inc:Completed its acquisition of a 50 pct ownership stake in Silver Ridge Power LLC (SRP) from a subsidiary of AES Corp for about $178.6 million in cash.Through its ownership in the SRP joint venture, SunEdison now owns a 50 pct interest in - 336 MW of solar power plant operating projects, including the 266 MW Mt. Signal solar project in California.A 40 pct interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016.The other 50 pct of the outstanding limited liability company interests of SRP remain held by an affiliate of Riverstone Holdings LLC.SunEdison will provide operations and management (O&M) and asset management for SRP's entire projects portfolio.  Full Article

Eletropaulo profit jumps nearly five-fold on excess power sales

RIO DE JANEIRO - Eletropaulo Metropolitana SA , the Brazilian utility controlled by U.S. power company AES Corp , said on Wednesday that third-quarter profit rose nearly five-fold as the company sold excess energy on the spot market at prices driven higher by drought.

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