<SUBMISSION>
<ACCESSION-NUMBER>0000950103-02-001370
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20021212
<ITEMS>5
<FILING-DATE>20021212
<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>02855660
</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>dec1202_8k2.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=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 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>
<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
      <font size="3" face="Times New Roman, Times, serif">12</font>, 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 1<font size="3" face="Times New Roman, Times, serif">2</font>,
      2002</TD>
      <TD width=68>&nbsp;</TD>
      <TD width=34>By:</TD>
      <TD width=14>&nbsp;</TD>

    <TD width=347>/s/ William R. Luraschi</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;William R. Luraschi</TD>
    </TR>
    <TR>
      <TD colSpan=4>&nbsp;</TD>

    <TD valign="top">Title:&nbsp;&nbsp;&nbsp;Senior Vice President<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and
      General Counsel</TD>
    </TR>
</TABLE>
<br>
<br clear=all>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dec1202_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 FACE="Times New Roman, Times, Serif" SIZE=2><strong>THE
  AES CORPORATION EXTENDS EXPIRATION DATE OF EXCHANGE OFFER</strong></FONT></P>

<HR SIZE=1 NOSHADE>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ARLINGTON,
  VA, December 12, 2002 </B> &#150; 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 (&#8220;2002 Notes&#8221;)
  and $200,000,000 7.375% Remarketable or Redeemable Securities due 2013, which
  are puttable in 2003 (&#8220;ROARs&#8221;), from 5:00p.m., New York City time,
  on December 11, 2002 to 12:00p.m., New York City time, on December 12, 2002.</FONT>
</P>

<P ALIGN=LEFT><font size="2" face="Times New Roman, Times, serif">The AES Corporation has
  been informed by the exchange agent that, as of 5:00 p.m., New York City time,
  on December 11, 2002, approximately $240,013,000 in aggregate principal amount
  of its 2002 Notes and $173,889,000 in aggregate principal amount of its ROARs
  had been tendered in the exchange offer. These amounts represent in excess of
  80% and approximately 87% 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&#8217; concurrent entry into new senior secured
  credit facilities to refinance its existing credit facilities.</font></P>

<P ALIGN=LEFT><font size="2" face="Times New Roman, Times, serif">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.</font></P>

<P ALIGN=LEFT><font size="2" face="Times New Roman, Times, serif">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 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CONTACT: Kenneth R.
Woodcock, 703-522-1315 </FONT></P>




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