The AES Corporation : AES Receives Third Edison Award in Six Years for Innovation and Operational Excellence
06/06/2012| 06:40pm US/Eastern
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The AES Corporation (NYSE: AES) today announced that AES Gener has been
awarded the International Edison Award, the electric utility industry's
most prestigious honor, for the Angamos project in Chile. The award,
given annually by the Edison Electric Institute (EEI), honors an
international member company for its distinguished leadership,
innovation and contribution to the advancement of the electric industry.
"These awards are evidence of AES' core strengths, leading innovation to
meet changing power needs," said Andrés Gluski, AES President and Chief
Executive Officer. "Our infrastructure solutions to deliver reliable and
affordable power support growth and prosperity in the markets we serve,
today and in the future."
The Angamos project combines low cost, reliable power with innovative
lithium ion batteries to increase available capacity and efficiency.
With declining gas supplies and increasing demand for reliable baseload
generation, Angamos was completed ahead of schedule and utilized
award-winning financing. The plant is equipped with the most modern
environmental controls and emissions reduction equipment and is the
first of its kind in South America to use a seawater cooling tower.
In 2007, AES was selected for the operational improvements in its
generation and distribution businesses in Latin America, achieved
through sharing best practices and implementing consistent work
methodologies. In 2010, AES again was honored with the award for its
successful rehabilitation of the 660 MW Masinloc Plant located in the
Philippines.
About AES
The AES Corporation (NYSE: AES) is a Fortune 200 global power company.
We provide affordable, sustainable energy to 27 countries through our
diverse portfolio of distribution businesses as well as thermal and
renewable generation facilities. Our workforce of 27,000 people is
committed to operational excellence and meeting the world's changing
power needs. Our 2011 revenues were $17 billion and we own and manage
$45 billion in total assets. To learn more, please visit www.aes.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of the Securities Act of 1933 and of the Securities Exchange Act of
1934. Such forward-looking statements include, but are not limited to,
those related to future earnings, growth and financial and operating
performance. Forward-looking statements are not intended to be a
guarantee of future results, but instead constitute AES' current
expectations based on reasonable assumptions. Forecasted financial
information is based on certain material assumptions. These assumptions
include, but are not limited to, our accurate projections of future
interest rates, commodity price and foreign currency pricing, continued
normal levels of operating performance and electricity volume at our
distribution companies and operational performance at our generation
businesses consistent with historical levels, as well as achievements of
planned productivity improvements and incremental growth investments at
normalized investment levels and rates of return consistent with prior
experience.
Actual results could differ materially from those projected in our
forward-looking statements due to risks, uncertainties and other
factors. Important factors that could affect actual results are
discussed in AES' filings with the Securities and Exchange Commission,
including, but not limited to, the risks discussed under Item 1A "Risk
Factors" in AES' 2011 Annual Report on Form 10-K. Readers are encouraged
to read AES' filings to learn more about the risk factors associated
with AES' business. AES undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Any Stockholder who desires a copy of the Company's 2011 Annual Report
on Form 10-K dated on or about February 24, 2012 with the SEC may obtain
a copy (excluding Exhibits) without charge by addressing a request to
the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson
Boulevard, Arlington, Virginia 22203. Exhibits also may be requested,
but a charge equal to the reproduction cost thereof will be made. A copy
of the Form 10-K may be obtained by visiting the Company's website at www.aes.com.
The AES Corporation
Media Contact:
Rich Bulger,
703-682-6318
or
Investor Contact:
Ahmed Pash,
703-682-6451
© Business Wire 2012
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