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AES Corp (AES.N)

AES.N on New York Stock Exchange

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25 May 2018
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Latest Key Developments (Source: Significant Developments)

AES Announces Early Results Of Tender Offers
Thursday, 15 Mar 2018 08:38am EDT 

March 15 (Reuters) - AES Corp ::AES ANNOUNCES EARLY RESULTS OF TENDER OFFERS FOR UP TO $700,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS 5.500% SENIOR NOTES DUE 2024 AND 5.500% SENIOR NOTES DUE 2025 AND CONSENT SOLICITATION FOR ITS 5.500% SENIOR NOTES DUE 2024.AES CORP - ‍SETTLEMENT DATE FOR SECURITIES TENDERED AND ACCEPTED FOR PURCHASE IS EXPECTED TO OCCUR BY MARCH 29, 2018​.  Full Article

AES Announces Pricing Of $1 Billion Of Senior Notes In Public Offering
Thursday, 1 Mar 2018 05:00pm EST 

March 1 (Reuters) - AES Corp ::AES ANNOUNCES PRICING OF $1 BILLION OF SENIOR NOTES IN PUBLIC OFFERING.AES - PRICED $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.000% SENIOR NOTES DUE 2021, $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.500% SENIOR NOTES DUE 2023.  Full Article

AES Announces Public Offering Of $1.0 Bln Of Senior Notes
Thursday, 1 Mar 2018 08:10am EST 

March 1 (Reuters) - AES Corp ::AES ANNOUNCES PUBLIC OFFERING OF $1.0 BILLION OF SENIOR NOTES.AES CORP - ‍INTENDS TO OFFER $1.0 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2021 AND SENIOR NOTES DUE 2023​.AES CORP - ‍INTENDS TO USE PROCEEDS FROM OFFERING TO FUND CONCURRENT TENDER OFFER TO BUY CERTAIN OTHER SENIOR NOTES​.AES CORP - MAY USE SOME PROCEEDS FROM OFFERING TO RETIRE CERTAIN OF OUTSTANDING INDEBTEDNESS​.  Full Article

AES Corp Q4 Adjusted Earnings Per Share $0.43‍​
Tuesday, 27 Feb 2018 06:00am EST 

Feb 27 (Reuters) - AES Corp ::AES CONTINUES TO TRANSFORM AND SIMPLIFY; ACHIEVED 2017 GUIDANCE AND INITIATES 2018 ADJUSTED EPS GUIDANCE OF $1.15 TO $1.25.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.15 TO $1.25.‍ON TRACK TO ACHIEVE INVESTMENT GRADE CREDIT METRICS IN 2019​.‍REAFFIRMING EXPECTATION FOR 8% TO 10% AVERAGE ANNUAL GROWTH IN ADJUSTED EPS THROUGH 2020​.‍WILL NO LONGER PROVIDE GUIDANCE FOR CONSOLIDATED FREE CASH FLOW​.‍FOR 2018, COMPANY EXPECTS PARENT FREE CASH FLOW OF $600 MILLION TO $675 MILLION​.Q4 ADJUSTED EARNINGS PER SHARE $0.43‍​.Q4 LOSS PER SHARE FROM CONTINUING OPERATIONS $1.03.REORGANIZATION ANNOUNCED IN FEB TO RESULT IN AN ADDITIONAL $100 MILLION IN ANNUAL COST SAVINGS TO BE REALIZED THROUGH 2019.IN Q4 RECORDED $31 MILLION IN RESTRUCTURING COSTS ASSOCIATED WITH COST SAVINGS.‍EXPECTS TO DELIVER 8% TO 10% AVERAGE ANNUAL GROWTH IN PARENT FREE CASH FLOW THROUGH 2020 FROM 2017 PARENT FREE CASH FLOW OF $637 MILLION​.‍IS ESTABLISHING A GOAL TO REDUCE ITS CARBON INTENSITY BY 50% FROM 2016 TO 2030​.QTRLY TOTAL REVENUE $2,643 MILLION VERSUS $2,660 MLN‍​.Q4 EARNINGS PER SHARE VIEW $0.34 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.16 -- THOMSON REUTERS I/B/E/S.  Full Article

Romanian Electrica's 2017 net profit down 3 pct y/y
Thursday, 15 Feb 2018 02:40am EST 

BUCHAREST, Feb 15 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a net profit of 256.97 million lei ($69.00 million) in 2017, down 3 percent on the year. .Says its revenue amounted to 481.24 million lei, up 33 percent on the year..Says ran operating loss of 107.4 million lei in 2017..Company has been affected by higher electricity purchase prices and power market discrepancies in the first two quarters of 2017..  Full Article

AES Says Estimates That Enactment Of Tax Act Will Result In Non-Cash Charge Of About $1.10-$1.25 In EPS From Continuing Operations In Q4 2017
Tuesday, 16 Jan 2018 08:19am EST 

Jan 16 (Reuters) - Aes Corp ::AES SAYS ESTIMATES THAT ENACTMENT OF TAX ACT WILL RESULT IN NON-CASH CHARGE OF ABOUT $1.10-$1.25 IN EARNINGS PER SHARE FROM CONTINUING OPERATIONS IN Q4 2017 - SEC FILING.AES - CHARGE HAS NO IMPACT ON PREVIOUSLY PROVIDED Q4 ADJUSTED EARNINGS PER SHARE GUIDANCE.AES- SEES TAX ACT HAVING NON-CASH IMPACT ON ADJUSTED EPS OF $0.05-$0.08 IN 2018, AFTER $1 BILLION OF DEBT PAY DOWN DUE TO MASINLOC BUSINESS SALE IN PHILIPPINES.  Full Article

AES Agrees To Sell Equity Interest In Philippines Businesses For $1.05 Bln
Monday, 18 Dec 2017 06:00am EST 

Dec 18 (Reuters) - Aes Corp ::AES AGREES TO SELL ITS EQUITY INTEREST IN BUSINESSES IN THE PHILIPPINES FOR $1.05 BILLION; PROCEEDS TO BE USED TO ACCELERATE PARENT DEBT PAY DOWN.AES CORP - ‍SALE PROCEEDS TO BE USED TO ACCELERATE PARENT DEBT PAY DOWN​.AES CORP - SALE INCLUDES AES' 51% EQUITY INTEREST IN 630 MW MASINLOC COAL-FIRED POWER PLANT IN OPERATION, AMONG OTHERS.AES CORP - ‍ACQUISITION WAS FUNDED WITH EQUITY CONTRIBUTED BY AES AND IFC AND $635 MILLION OF NON-RECOURSE DEBT​.AES CORP - "‍ESTABLISHING A GOAL TO ATTAIN INVESTMENT GRADE RATINGS BY 2020"​.AES -SMC GLOBAL POWER ALSO PURCHASING REMAINING 49% EQUITY INTEREST IN SAME ASSETS, HELD BY ELECTRICITY GENERATING PUBLIC COMPANY LIMITED FOR $850 MILLION​.AES CORP- SALE ALSO INCLUDES 51% INTEREST IN 335 MW MASINLOC 2 COAL-FIRED POWER PLANT UNDER CONSTRUCTION, 10 MW MASINLOC ENERGY STORAGE PROJECT.  Full Article

AES To Sell Equity Interest In Businesses In Philippines
Monday, 18 Dec 2017 06:00am EST 

Dec 18 (Reuters) - Aes Corp ::AES AGREES TO SELL ITS EQUITY INTEREST IN BUSINESSES IN THE PHILIPPINES FOR $1.05 BILLION; PROCEEDS TO BE USED TO ACCELERATE PARENT DEBT PAY DOWN.SAYS ‍SALE PROCEEDS TO BE USED TO ACCELERATE PARENT DEBT PAY DOWN​.SAYS SALE INCLUDES AES' 51% EQUITY INTEREST IN 630 MW MASINLOC COAL-FIRED POWER PLANT IN OPERATION, AMONG OTHERS.SAYS CO'S 2008 ‍ACQUISITION OF INTEREST IN MASINLOC WAS FUNDED WITH EQUITY BY CO, IFC AND $635 MILLION OF NON-RECOURSE DEBT​.SAYS "‍ESTABLISHING A GOAL TO ATTAIN INVESTMENT GRADE RATINGS BY 2020"​.SAYS SMC GLOBAL POWER ALSO PURCHASING REMAINING 49% EQUITY INTEREST IN SAME ASSETS, HELD BY ELECTRICITY GENERATING PUBLIC COMPANY LIMITED FOR $850 MILLION​.SAYS SALE ALSO INCLUDES 51% INTEREST IN 335 MW MASINLOC 2 COAL-FIRED POWER PLANT UNDER CONSTRUCTION, 10 MW MASINLOC ENERGY STORAGE PROJECT.  Full Article

Aes Announces 8.3 Pct Increase In Quarterly Dividend
Monday, 11 Dec 2017 08:00am EST 

Dec 11 (Reuters) - Aes Corp ::AES ANNOUNCES 8.3 PCT INCREASE IN QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.13PER SHARE.  Full Article

Romanian Electrica's nine-month profit at 95 mln lei, down 80 pct y/y
Wednesday, 15 Nov 2017 02:12am EST 

BUCHAREST, Nov 15 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a nine-month net profit of 95 million lei ($24.17 million), down roughly 80 percent from the same period of last year, because of higher prices for purchased electricity..Says the average electricity purchase price in the third quarter was 67 percent higher compared with the same quarter of 2016..Says power markett discrepancies in the first two quarters negatively impacted the group, with most of its profit achieved in the third quarter..Says its operational income stood at 4.17 billion lei in January-September, 0.5 percent lower on the year..Says it distributed roughly 13 TWh of electricity in the first nine months, up 2.8 percent on the year, to 3.69 million clients. It also provided 7.4 TWh of power, a different service, down 8.7 percent on the year..  Full Article

Brazil's Eletropaulo sets out guidelines for acquisition auction

SAO PAULO, May 21 Eletropaulo, Brazil's largest power distribution company by revenue, provided details on Monday of the rules for an auction for companies to acquire a controlling stake in the firm.