Item 8.01 Other Events.



In March 2023, The AES Corporation (the "Company") announced internal management
changes as a part of its ongoing strategy to align its business to meet its
customers' needs and deliver on its major strategic objectives. The management
reporting structure is now composed of four Strategic Business Units ("SBUs"),
mainly organized by technology and determined using the accounting guidance on
segment reporting, which are led by our President and Chief Executive Officer.
All prior period results have been retrospectively revised to reflect the new
segment reporting structure:

•Renewables - Solar, wind, energy storage, hydro, biomass and landfill gas generation facilities;

•Utilities - AES Indiana, AES Ohio and AES El Salvador regulated utilities and their generation facilities;

•Energy Infrastructure - Natural gas, LNG, coal, pet-coke, diesel and oil generation facilities, and our businesses in Chile, which have a mix of generation sources, including renewables, that are pooled to service the Company's existing Power Purchase Agreements; and

•New Energy Technologies - Green hydrogen initiatives and investments in Fluence, Uplight, 5B, and other new and innovative energy technology businesses.

The Company is filing information under Item 8.01 of this current report on Form 8-K (this "Form 8-K") to (i) provide investors with recast historical information in the Company's financial reporting for periods prior to this segments change, and (ii) incorporate by reference such recast historical financial information into the Company's filings with the Securities and Exchange Commission, including registration statements filed under the Securities Act of 1933, as amended.



The following items from the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2022 (the "2022 Form 10-K") are being revised and
updated from their previous presentation solely to reflect the Company's new
segments structure, as reflected in Exhibit 99.1 to this report:

•Part I, Item 1. Business?

•Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations?

•Part II, Item 8. Financial Statements and Supplementary Data; and

•Part II, Item 9A. Controls and Procedures.

Except for minor, non-substantive revisions, only the following notes to the consolidated financial statements have been revised from their previous presentation, as reflected in Exhibit 99.1 to this report:

•Note 9 - Goodwill and Other Intangible Assets?

•Note 18 - Segments and Geographic Information; and

•Note 20 - Revenue.



The changes referred to above had no impact on the Company's historical
consolidated financial position, results of operations or cash flows, and the
recast financial information contained in Exhibit 99.1 to this Form 8-K do not
represent a restatement of previously issued financial statements.

In addition, the Company announced that it will use Adjusted EBITDA, a non-GAAP
financial measure, as its primary segment performance measure and has included
historical EBITDA, Adjusted EBITDA and Adjusted EBITDA with Tax Attributes
information in Exhibit 99.1. Management believes EBITDA, Adjusted EBITDA, and
Adjusted EBITDA with Tax Attributes to be relevant and useful information as
EBITDA is a standard measure commonly reported and widely used by analysts,
investors and others to measure financial performance and ability to service
debt obligations. Other companies may calculate EBITDA, Adjusted EBITDA and
Adjusted EBITDA with Tax Attributes differently; therefore, the Company's
calculation of EBITDA, Adjusted EBITDA and Adjusted EBITDA with Tax Attributes
may not be comparable to similarly titled measures of other companies. Non-GAAP
financial measures should be viewed in addition to, and not as an alternative
for, the Company's reported results.

Also included in Exhibit 99.1 to this Form 8-K is the consent of Ernst & Young
LLP, our independent registered public accounting firm, for incorporation by
reference into the Company's registration statements of their report on the
consolidated financial statements, which is unchanged from the report included
in the 2022 Form 10-K, other than the dual date to include the recast and
reissuance of the consolidated financial statement footnote information, and
their report with respect to the effectiveness of internal control over
financial reporting, also unchanged from the report included in the 2022 Form
10-K.


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This Form 8-K does not modify or update other 2022 Form 10-K information in any
way, nor does it reflect any subsequent information or events, other than as
required to reflect the change in segments as described above.

The information in this Form 8-K, including Exhibit 99.1, should be read in
conjunction with the 2022 Form 10-K and any other documents filed by the Company
pursuant to the Securities Exchange Act of 1934, as amended, subsequent to March
1, 2023, which are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



Exhibit No.                   Description
23.1                            Consent of Independent Registered Public

Accounting Firm, Ernst & Young


                              LLP
99.1                            Revised Part I, Item 1. "Business," Part II, Item 7. "Management's
                              Discussion and Analysis of Financial Condition and Results of
                              Operations,"    ,     Part II, Item 8. "Financial Statements and
                              Supplementary Data"     and Part     II, Item 9    A    : "Controls and
                                Procedure    s"     of The AES

Corporation's Annual Report on Form 10-K


                              for the year ended December 31, 2022
104                           Cover Page Interactive Data File (embedded within the Inline XBRL
                              document)

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