<SUBMISSION>
<ACCESSION-NUMBER>0000950103-02-001331
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20021209
<ITEMS>5
<FILING-DATE>20021209
<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>02852002
</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>dec0902_8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>AES 8-K</TITLE>
<BODY vLink=purple link=blue bgColor=#ffffff>
<FONT>
<font face="Times New Roman, Times, serif" size=4><BR>
<HR style="MARGIN-TOP: -2px" color=#000000 noShade SIZE=4>
<HR style="MARGIN-TOP: -10px" color=#000000 noShade SIZE=1>
<BR>
<BR>
<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>
  December 9, 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>
<HR style="MARGIN-TOP: -2px" color=#000000 noShade SIZE=1>
<HR style="MARGIN-TOP: -10px" color=#000000 noShade SIZE=4>
<BR>
<BR>
<BR>
<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
      December 9, 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>
<br>
<br>
<br clear=all>
<hr><br>
<br>
<br>
<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: December
      9, 2002</FONT></TD>
      <TD width=68>&nbsp;</TD>
      <TD width=34>By:</TD>
      <TD width=14>&nbsp;</TD>

    <TD width=347>/s/ Brian A. 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 A. Miller</TD>
    </TR>
    <TR>
      <TD colSpan=4>&nbsp;</TD>

    <TD valign="top">Title:&nbsp;&nbsp;&nbsp;Corporate Secretary</TD>
    </TR>
</TABLE>
<br>
<br clear=all>
<hr>

</FONT>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dec0902_ex9901.htm
<TEXT>
<HTML>
<HEAD>
<TITLE> EX-99.1</TITLE>
</HEAD>
<BODY>

<P align="right"><FONT SIZE=2>EXHIBIT 99.1</font></P>


<p align=center><FONT SIZE=2> <strong>THE AES CORPORATION EXTENDS THE EXPIRATION
  DATE OF <br>
  EXCHANGE OFFER</strong></FONT></p>
<P><FONT SIZE=2>
<hr size=1>
<B>ARLINGTON, VA, December 9, 2002 &#151;</B> The AES Corporation (NYSE: AES)
announced today that it had extended the expiration date of the exchange offer
relating to its outstanding
$300,000,000 8.75% Senior Notes due 2002 (&#147;2002 Notes&#148;) and $200,000,000
7.375% Remarketable or Redeemable
Securities due 2013, which are puttable in 2003 (&#147;ROARs&#148;), from
5:00p.m., New York City time, on December 6, 2002
to 5:00p.m., New York City time, on December 9, 2002.
..</FONT></P>

<P><FONT SIZE=2>
The AES Corporation has been informed by the exchange agent that, as of 5:00
p.m., New York City time, on December 6, 2002, approximately $233,768,000 in
aggregate principal amount of its 2002 Notes and $172,869,000 in
aggregate principal amount of its ROARs had been tendered in the exchange offer.
These amounts represent approximately 78% and 86% of the outstanding 2002 Notes
and ROARs, respectively.  Consummation of the exchange
offer is subject to a number of significant conditions including the condition
that 80% in aggregate principal amount of the 2002 Notes and 80% in aggregate
principal amount of the ROARs are validly tendered.</FONT></P>

<P><FONT SIZE=2>
The offering of the new senior secured notes in the exchange offer is being made
only to &#147;qualified institutional
buyers&#148; and &#147;persons other than a U.S. person&#148; 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.</FONT></P>

<P><FONT SIZE=2>
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.
</FONT></P>

<P><FONT SIZE=2>CONTACT: Kenneth R.
Woodcock, 703-522-1315</font></p>




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