<SUBMISSION>
<ACCESSION-NUMBER>0000950103-02-001336
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20021210
<ITEMS>5
<FILING-DATE>20021210
<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>02853297
</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>dec1002_8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>AES 8-K</TITLE>
<BODY vLink=purple link=blue bgColor=#ffffff>
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<font face="Times New Roman, Times, serif" size=3><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 10, 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>


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<BR>
<table width="90%"  border="0" cellspacing="0" cellpadding="5">
  <tr>
    <td align="left" valign="top">Item 5. Other Events </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&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.</td>
  </tr>
</table>
<br>
<br>
<br clear=all>
<br>

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<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>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.</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>Date: December
      10, 2002</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>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dec1002_ex9901.htm
<TEXT>
<HTML>
<HEAD>
<TITLE> EX-99.1</TITLE>
</HEAD>
<BODY>

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

<!-- MARKER FORMAT-SHEET="Center Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>THE AES CORPORATION
REACHES MINIMUM CONDITION OF EXCHANGE OFFER;<BR>APPROXIMATELY 80% OF 2002 NOTES AND 86% OF
2003 ROARS<BR>HAVE TENDERED </B></FONT></P>

<HR SIZE=1 NOSHADE>

<!-- MARKER FORMAT-SHEET="Flush" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ARLINGTON, VA, December
9, 2002 </B>-- The AES Corporation (NYSE:AES) has announced that it had been informed by the
exchange agent that, as of 5:00 p.m., New York City time, on December 9, 2002,
approximately $240,013,000 in aggregate principal amount of its outstanding 8.75% Senior
Notes due 2002 (&#147;2002 Notes&#148;) and $172,869,000 in aggregate principal amount of
its outstanding 7.375% Remarketable or Redeemable Securities due 2013, which are puttable
in 2003 (&#147;ROARs&#148;) had been tendered in the exchange offer. These amounts
represent in excess of 80% and approximately 86% of the outstanding 2002 Notes and ROARs,
respectively. Although the minimum condition has been satisfied, consummation of the
exchange offer remains subject to a number of significant conditions, which have not yet
been satisfied, including AES&#146; concurrent entry into new senior secured credit
facilities to refinance its existing credit facilities. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Flush" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AES also announced that
it had extended the expiration date of the exchange offer relating to its 2002 Notes and
ROARs from 5:00p.m., New York City time, on December 9, 2002 to 5:00p.m., New York City
time, on December 11, 2002. </FONT></P>

<!-- MARKER FORMAT-SHEET="Flush" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" 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>

<!-- MARKER FORMAT-SHEET="Flush" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" 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>

<!-- MARKER FORMAT-SHEET="Flush" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CONTACT: Kenneth R.
Woodcock, 703-522-1315 </FONT></P>




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