<SUBMISSION>
<ACCESSION-NUMBER>0000950103-02-001120
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20021112
<ITEMS>5
<FILING-DATE>20021112
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AES CORPORATION
<CIK>0000874761
<ASSIGNED-SIC>4991
<IRS-NUMBER>541163725
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-12291
<FILM-NUMBER>02816604
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1001 N 19TH ST
<STREET2>STE 2000
<CITY>ARLINGTON
<STATE>VA
<ZIP>22209
<PHONE>7035221315
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nov1102_8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>AES 8-K</TITLE>
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face="Times New Roman, Times, serif"
size=4><BR>
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<P align=center>SECURITIES AND EXCHANGE COMMISSION<BR>
  WASHINGTON, D.C.20549<BR>
  <BR>
  FORM 8-K<BR>
  <BR>
  CURRENT REPORT<BR>
  PURSUANT TO SECTION 13 OR 15 (d) OF<BR>
  THE SECURITIES EXCHANGE ACT OF 1934<BR>
  <BR>
  Date of Report (date of earliest event reported):<BR>
  November 12, 2002<BR>
  <BR>
  THE AES CORPORATION<BR>
  (exact name of registrant as specified in its charter)<BR>
  <BR>
<DIV align=center>
  <TABLE cellSpacing=0 cellPadding=0 width="90%" border=0>

      <TR>
        <TD vAlign=top align=middle width=288>DELAWARE<BR>
        <font size="2">(State of Incorporation)</font></TD>

      <TD vAlign=top align=center width=340>333-15487<BR>
        <font size="2">(Commission File No.)</font></TD>
        <TD vAlign=top align=middle width=238>54-1163725<BR>
        <font size="2">(IRS Employer Identification No.)</font></TD>
      </TR>

  </TABLE>
</DIV>
<P align=center>1001 North 19th Street, Suite 2000<BR>
  Arlington, Virginia 22209<BR>
  (Address of principal executive offices, including zip code)</P>
<P align=center>Registrant&#146;s telephone number, including area code:<BR>
  (703) 522-1315</P>
<P align=center>NOT APPLICABLE<BR>
  (Former Name or Former Address, if changed since last report)</P>
<BR>
<BR>
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<table width="90%"  border="0" cellspacing="0" cellpadding="5">
  <tr>
    <td align="left" valign="top"><FONT
face="Times New Roman, Times, serif"
size=4>Item 5. Other Events </FONT></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><FONT
face="Times New Roman, Times, serif"
size=4>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On November
      11, 2002, The AES Corporation (the &#147;registrant&#148;) issued the press
      release attached as Exhibit 99.1 to this report and incorporated herein
      by reference.</FONT></td>
  </tr>
</table>
<FONT
face="Times New Roman, Times, serif"
size=4> <br>
<BR>
<HR>
<P align=center>&nbsp;</P>
<TABLE cellSpacing=0 cellPadding=0 width=90%>

    <TR>
      <TD colSpan=5> <DIV align=center><B>SIGNATURES</B></DIV></TD>
    </TR>
    <TR>
      <TD colSpan=2>&nbsp;</TD>
      <TD colSpan=3>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=5><FONT face="Times New Roman, Times, serif" size=4>Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has duly caused this report to be signed on its behalf by the undersigned
        hereunto duly authorized.</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=2>&nbsp;</TD>
      <TD colSpan=3>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=2>&nbsp;</TD>
      <TD colSpan=3>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=2>&nbsp;</TD>
      <TD colSpan=3>THE AES CORPORATION</TD>
    </TR>
    <TR>
      <TD colSpan=5>&nbsp;</TD>
    </TR>
    <TR>

    <TD width=414><FONT face="Times New Roman, Times, serif" size=4>Date: November
      12, 2002</FONT></TD>
      <TD width=68>&nbsp;</TD>
      <TD width=34>By:</TD>
      <TD width=14>&nbsp;</TD>

    <TD width=347>/s/ Brian Miller</TD>
    </TR>
    <TR>
      <TD colSpan=4>&nbsp;</TD>
      <TD> <HR align=left width="60%" noShade SIZE=1> </TD>
    </TR>
    <TR>
      <TD colSpan=4>&nbsp;</TD>

    <TD>Name:&nbsp;&nbsp;Brian Miller</TD>
    </TR>
    <TR>
      <TD colSpan=4>&nbsp;</TD>

    <TD>Title:&nbsp;&nbsp;&nbsp;Corporate Secretary<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Counsel, North America</TD>
    </TR>

</TABLE>
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</FONT>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>nov1102_ex9901.htm
<TEXT>
<html>
<head>
<title>AES 8-K</title>
</head>
<body bgcolor="#FFFFFF" link=blue vlink=purple class="Normal" lang=EN-US>
<p align=right><font size="3" face="Times New Roman, Times, serif">Exhibit 99.1</font></p>
<p align=center><strong>THE AES CORPORATION WAIVES EARLY TENDER DATE</strong></p>
<p><font size="3" face="Times New Roman, Times, serif">
<hr align=left width=100% size=1 noshade>
<strong>ARLINGTON, VA, November 11, 2002</strong> &#151; </font> The AES Corporation
(NYSE: AES) announced today that it extended the expiration date of the exchange
offer and it had changed certain terms of the exchange offer relating to its outstanding
$300,000,000 8.75% Senior Notes due 2002 (&#8220;2002 Notes&#8221;) and $200,000,000
7.375% Remarketable or Redeemable Securities due 2013, which are puttable in 2003
(&#8220;ROARs&#8221;). Such extension of the expiration date and certain changes
are set forth below:
<p>(1) extension of the exchange offer expiration date from 5:00p.m. New York
  City time on November 8, 2002, to 5:00p.m. New York City time on December 3,
  2002.</p>
<p>(2) for each $1,000 principal amount of its 2002 Notes, the holders will receive
  $650 in cash and $350 principal amount of a new issue of its 10% senior secured
  notes due 2005;</p>
<p>(3) the deadline by which holders of the 2002 Notes and ROARs must tender in
  order to be eligible to receive the early tender bonus payment is 5:00 p.m.,
  New York City time, on November 18, 2002;</p>
<p>(4) holders that tender on or prior to 5:00 p.m., New York City time, on November
  18, 2002 and do not withdraw such securities will, if the exchange offer is
  consummated, be entitled to an early tender bonus payment in the amount of $15
  for each $1,000 principal amount of 2002 Notes tendered and $5 for each $1,000
  principal amount of ROARs tendered;</p>
<p>(5) holders that tender on or prior to the expiration date and do not withdraw
  such securities will receive an incremental cash payment in the amount of $5
  for each $1,000 principal amount 2002 Notes tendered and $5 for each $1,000
  principal amount of ROARs tendered;</p>
<p>(6) the consummation of the exchange offer is subject to the condition that
  80% of the aggregate principal amount of the 2002 Notes and 80% of the aggregate
  principal amount of the ROARs are received and not withdrawn;</p>
<p>(7) the tenders of the 2002 Notes and the ROARs may be withdrawn at any time
  prior to 5:00pm, New York City time, on November 18, 2002;</p>
<p>(8) the new senior secured notes will be subject to a certain amount of mandatory
  redemption on the second anniversary of the issuance of the new notes, and mandatory
  redemption with a portion of the net cash proceeds received from certain asset
  sales by AES and with a portion of adjusted excess cash flow of AES; and</p>
<p>(9) a holder of ROARs will receive a contingent value right that will entitle
  such holder to receive, within thirty days of the closing of the sale of CILCORP,
  a cash payment of $20 for each $1,000 principal amount of ROARS validly tendered
  by such holder.</p><br>
<br>
<hr>
<p>Certain other changes in the terms of the new senior secured notes are reflected
in the offering memorandum, which will be distributed to all holders who are eligible
to participate in the exchange offer.</p>
<p>The AES Corporation has been informed by
the exchange agent that, as of 5:00 p.m., New York City time, on November 8, 2002,
approximately $16,863,000 in aggregate principal amount of its 2002 Notes and
$44,494,000 in aggregate principal amount of its ROARs had been tendered in the
exchange offer. This amount represents approximately 5.6% and 22.2% of outstanding
2002 Notes and ROARs, respectively. Consummation of the exchange offer is subject
to a number of significant conditions.</p>
<p>The offering of the new senior secured
notes in the exchange offer is being made only to &#8220;qualified institutional buyers&#8221;
and &#8220;persons other than a U.S. person&#8221; located outside the United States, as such
terms are defined in accordance with Rule 144A and Regulation S of the Securities
Act of 1933, as amended, and two individuals affiliated with AES who are accredited
investors.</p>
<p>The new senior secured notes will not be registered under the Securities
Act of 1933, or any state securities laws. Therefore, the new senior secured notes
may not be offered or sold in the United States absent an exemption from the registration
requirements of the Securities Act of 1933 and any applicable state securities
laws. This announcement is neither an offer to sell nor a solicitation of an offer
to buy the new notes.</p>
<p>CONTACT: Kenneth R. Woodcock, 703-522-1315</p>
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</SUBMISSION>
