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Subsequent Events | 3 Months Ended
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Sep. 30, 2012
SUBSEQUENT EVENTS | 20. SUBSEQUENT EVENTS AES IC Ictas JV—On October 1, 2012, the AES IC Ictas j oint v enture was split into two businesses with AES maintaining a 100% interest in three h ydro projects. Upon closing, cash proceeds of $10 million was received from the joint venture partner and a n estimated pretax gain of $11 million will be recognized. The Company concurrently signed a share purchase agreement with AES Entek, a joint venture with Koc Holding, accounted for as an equity method investment, for the sale of these hydro projects. The Company will receive net proceeds of $85 million from the sale of its 50.4% interest in these hydro projects. The transactions are expected to close in the fourth quarter of 2012. Tisza II— On October 5, 2012, the AES Board of Directors approved the plan for sale of Tisza II, a 900MW gas/oil fired plant in Hungary. Concurrently, the Company executed a p urchase a greement for the sale of its ownership in Tisza II for $17 million. T he carrying amount of the as set group (excluding cumulative translation losses of $73 million) is $35 million and a pretax loss of approximately $9 1 million is expected upon transaction close. The transaction is subject to certain conditions precedent including regulatory approval. Tisza II is reported in Europe Generation reportable segment. Corporate Restructuring―The Company announced on November 1, 2012 that it will restructure corporate support and subsidiary business operations. The reorganization will consolidate operations into market-oriented strategic business units under one Chief Operating Officer. As a result of this reorganization, the Company will reassess its segment reporting structure.

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- Definition Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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