<SEC-DOCUMENT>0001193125-13-472425.txt : 20131213
<SEC-HEADER>0001193125-13-472425.hdr.sgml : 20131213
<ACCEPTANCE-DATETIME>20131213070534
ACCESSION NUMBER:		0001193125-13-472425
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20131211
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131213
DATE AS OF CHANGE:		20131213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AES CORP
		CENTRAL INDEX KEY:			0000874761
		STANDARD INDUSTRIAL CLASSIFICATION:	COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
		IRS NUMBER:				541163725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12291
		FILM NUMBER:		131275037

	BUSINESS ADDRESS:	
		STREET 1:		4300 WILSON BOULEVARD
		CITY:			ARLINGTON
		STATE:			VA
		ZIP:			22203
		BUSINESS PHONE:		7035221315

	MAIL ADDRESS:	
		STREET 1:		4300 WILSON BOULEVARD
		CITY:			ARLINGTON
		STATE:			VA
		ZIP:			22203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AES CORPORATION
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d642410d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION&nbsp;13 OR 15(d) OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December&nbsp;11, 2013 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>THE AES CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>DELAWARE</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>011-12291</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>54-11263725</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(State<BR>of incorporation)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Commission<BR>File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>4300 Wilson Boulevard, Suite 1100 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Arlington, Virginia 22203 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices, including zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (703)&nbsp;522-1315 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOT APPLICABLE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;11, 2013, the Board of Directors (the &#147;Board&#148;) of The AES Corporation (the &#147;Company&#148; or &#147;AES&#148;)
increased the size of the Company&#146;s common stock repurchase program by authorizing the repurchase of up to an additional $211 million of the Company&#146;s common stock (above the amounts previously authorized by the Board), leaving
approximately $450 million available for purchases of the Company&#146;s common stock in one or more transactions, including through open-market repurchases, Rule 10b5-1 plans and privately negotiated transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the common stock repurchase program, the Company entered into a common stock repurchase agreement, dated as of December&nbsp;11,
2013 (the &#147;Repurchase Agreement&#148;), with Terrific Investment Corporation (the &#147;Selling Stockholder&#148;), a subsidiary controlled by China Investment Corporation. Under the terms of the Repurchase Agreement, the Company agreed to
repurchase 20,000,000 shares of the Company&#146;s common stock (the &#147;Concurrent Stock Repurchase&#148;), concurrently with the closing of the Offering (as defined below), directly from the Selling Stockholder in a private, non-underwritten
transaction at a price per share equal to $12.912, for an aggregate purchase price of $258,240,000. The Company intends to fund the Concurrent Stock Repurchase from borrowings under its revolving credit facility, and also from cash on hand. The
funding of the Concurrent Stock Repurchase will, if completed, increase the amount of debt on the Company&#146;s balance sheet, although the Company intends to repay any borrowings under its revolving credit facility upon receipt of dividends from
certain of its subsidiaries expected by fiscal year-end. The shares of the Company&#146;s common stock repurchased in the Concurrent Stock Repurchase will be held in treasury. The terms and conditions of the Repurchase Agreement and the Concurrent
Stock Repurchase were reviewed and approved by the Company&#146;s Board, other than the director nominee of the Selling Stockholder, who recused himself from the Board&#146;s deliberations. In addition, the Board engaged Barclays Capital Inc. to act
as its financial advisor in connection with the Concurrent Stock Repurchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The consummation of the Concurrent Stock Repurchase is
contingent on the closing of the Offering and the satisfaction of certain other customary conditions. The closing of the Offering is not contingent on the consummation of the Concurrent Stock Repurchase, and there can be no assurance that the
Concurrent Stock Repurchase will be consummated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Repurchase Agreement is qualified in its entirety by
reference to such Repurchase Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01
Other Events. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U><I>The Offering</I> </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At the same time as the Concurrent Stock Repurchase, on December&nbsp;11, 2013, the Company announced that it commenced a registered
underwritten public offering of 40&nbsp;million shares of its common stock (the &#147;Offering&#148;), all of which was offered by the Selling Stockholder. On December&nbsp;12, 2013, the Company priced the Offering of shares offered by the Selling
Stockholder at a public offering price of $13.45 per share. The Company will not receive any of the proceeds from the Offering. The Selling Stockholder granted the underwriters of the Offering a 30-day option from the date the Offering was priced to
purchase up to 6&nbsp;million additional shares at the public offering price, less the underwriting discount, to cover over-allotments, if any. Barclays Capital Inc., J.P. Morgan Securities LLC and Morgan Stanley&nbsp;&amp; Co. LLC are acting as
joint book-running managers of the Offering. Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, SunTrust Robinson Humphrey, Inc. and UBS Securities LLC are acting as co-managers of the Offering. The Offering is expected to close on or
about December&nbsp;18, 2013, subject to customary closing conditions. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A copy of the press releases announcing the commencement of the Offering and the pricing of the
Offering are filed herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Offering is being made
pursuant to the Company&#146;s effective shelf registration statement on Form S-3 (File No.&nbsp;333-186888) previously filed with the Securities and Exchange Commission (the &#147;SEC&#148;). The Company will file with the SEC a prospectus
supplement to be dated December&nbsp;12, 2013 (the &#147;Prospectus Supplement&#148;) to the accompanying prospectus relating to the Offering. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U><I>Recent Events</I> </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
November 2013, the Company signed an agreement to sell 100% of its equity interest in two subsidiaries: Condon Wind Power LLC, which holds the Company&#146;s interest in Condon, Oregon, and AES Mid-West Holdings, L.L.C., which holds the
Company&#146;s interest in Lake Benton, Minnesota and Storm Lake, Iowa, for $27 million, subject to customary purchase price adjustments. The terms of the sale agreement include an option to purchase 100% of the Company&#146;s interest in Armenia
Mountain, Pennsylvania. The sale of Condon Wind Power LLC and AES Mid-West Holdings, L.L.C. is expected to close in January of 2014, and the Company expects to recognize a pretax loss, net of noncontrolling interest, of between $30 million and $35
million in connection with the sale in the fourth quarter of 2013. These businesses are reported in the US Generation segment and will be reported as discontinued operations beginning in the fourth quarter of 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is currently performing its annual goodwill impairment evaluation as of October&nbsp;1, 2013. DP&amp;L, one of two reporting units
within DPL Inc., with $623 million in goodwill as of September&nbsp;30, 2013, has failed Step 1 of the impairment evaluation, which tests whether the reporting unit&#146;s carrying value exceeds its fair value. Additionally, certain U.S. wind
generation businesses with aggregate goodwill of approximately $35 million as of September&nbsp;30, 2013 have also failed Step 1 of the impairment evaluation. Step 2 of the evaluation, which measures the fair value of individual assets and
liabilities to determine if goodwill is impaired, is currently in process for both balances, and may result in the impairment of all, or a portion of, the related goodwill. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, the Company is in the early stages of impairment analysis for several of its long-lived assets. At this time, the Company cannot
determine whether this analysis will result in the recognition of additional impairment expense. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As disclosed in the Company&#146;s
Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2012, Eletropaulo, a Brazilian subsidiary of the Company, has ongoing discussions with the Brazilian regulator (ANEEL) at the administrative level regarding the parameters of the
tariff reset applied in July 2012, retroactive to July 2011. The main discussions are related to the tariffs applied before July&nbsp;4th, 2011 and involve the shielded regulatory asset base and whether adjustments should be made to it (which
adjustments could require refunds to customers beginning in the third quarter of 2014). Eletropaulo believes it has meritorious arguments and that no adjustments to the shielded regulatory asset base are necessary; however, there can be no assurance
that Eletropaulo will prevail on this matter. If Eletropaulo does not prevail at the administrative level or in the courts, the financial impact could be material to the Company&#146;s results of operations and cash flow. The Company believes it is
possible that greater clarity will be received from ANEEL by year-end. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Forward-Looking Statements </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Current Report on Form 8-K contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities
Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to the Offering, the Concurrent Stock Repurchase and the other events disclosed herein under Item&nbsp;8.01&#151;Other Events&#151;<I><U>Recent
Events</U></I>. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES&#146; current expectations based on reasonable assumptions. Consummation of the Offering and the Concurrent Stock Repurchase
and the forward-looking statements contained in Item&nbsp;8.01&#151;Other Events&#151;<I><U>Recent Events</U></I> are subject to risks and uncertainties, such as the Company&#146;s continued eligibility to use its shelf registration statement, the
Company&#146;s ability to fund the Concurrent Stock Repurchase and general economic conditions and other risks and uncertainties discussed in AES&#146; filings with the SEC, including, but not limited to, the risks discussed under Item&nbsp;1A
&#147;Risk Factors&#148; and Item&nbsp;7: Management&#146;s Discussion&nbsp;&amp; Analysis in AES&#146; 2012 Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K</FONT> and in subsequent reports filed with the SEC. Readers are encouraged
to read AES&#146; filings to learn more about the risk factors associated with AES&#146; business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>(d)<B> </B><I>Exhibits</I><B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit<BR>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP ALIGN="center">10.1</TD>
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<TD VALIGN="top">Common Stock Repurchase Agreement, dated as of December 11, 2013, by and between the Company and the Selling Stockholder.</TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center">99.1</TD>
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<TD VALIGN="top">Press Release issued by the Company dated December 11, 2013.</TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center">99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release issued by the Company dated December 13, 2013.</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>THE AES CORPORATION</B></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Thomas M. O&#146;Flynn</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Thomas M. O&#146;Flynn</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Vice President and</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chief Financial
Officer</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: December&nbsp;13, 2013 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit<BR>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP ALIGN="center">10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Common Stock Repurchase Agreement, dated as of December 11, 2013, by and between the Company and the Selling Stockholder.</TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center">99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release issued by the Company dated December 11, 2013.</TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center">99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release issued by the Company dated December 13, 2013.</TD></TR>
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>C<SMALL>OMMON</SMALL> S<SMALL>TOCK</SMALL> R<SMALL>EPURCHASE</SMALL> A<SMALL>GREEMENT</SMALL> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">T<SMALL>HIS</SMALL> C<SMALL>OMMON</SMALL> S<SMALL>TOCK</SMALL> R<SMALL>EPURCHASE</SMALL> A<SMALL>GREEMENT</SMALL> (the
&#147;<B>Agreement</B>&#148;) is entered into as of December&nbsp;11, 2013, by and between <B>T<SMALL>HE</SMALL> AES C<SMALL>ORPORATION</SMALL></B><SMALL></SMALL>, a Delaware corporation (the &#147;<B>Company</B>&#148;), and
<B>T<SMALL>ERRIFIC</SMALL> I<SMALL>NVESTMENT</SMALL> C<SMALL>ORPORATION</SMALL></B><SMALL></SMALL>, a Chinese corporation (the &#147;<B>Stockholder</B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>R<SMALL>ECITALS</SMALL> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Stockholder is the holder of 125,468,788 shares of common stock, par value $0.01 per share, of the Company (the &#147;<B>Common
Stock</B>&#148;), which the Stockholder purchased from the Company pursuant to a Stock Purchase Agreement dated as of November&nbsp;6, 2009 (the &#147;<B>Prior Agreement</B>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the Prior Agreement, the Company and the Stockholder entered into a Stockholder Agreement dated as of
March&nbsp;12, 2010 (the &#147;<B>Stockholder Agreement</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Stockholder desires to sell, and the Company desires to
repurchase, 20,000,000 shares of Common Stock (the &#147;<B>Shares</B>&#148;) on the terms and subject to the conditions set forth in this Agreement (the &#147;<B>Repurchase</B>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrent with the Repurchase, the Stockholder proposes to sell to several underwriters named in an Underwriting Agreement, to be
dated on or around December&nbsp;12, 2013 (the &#147;<B>Underwriting Agreement</B>&#148;), additional shares of Common Stock in a registered public offering (the &#147;<B>Public Offering</B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the promises, covenants and agreements herein contained, the parties agree as follows: </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>A<SMALL>GREEMENT</SMALL> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. REPURCHASE OF SHARES. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1
<B>Repurchase</B>. At the Closing (as defined below), the Company hereby agrees to repurchase from the Stockholder, and the Stockholder hereby agrees to sell, assign and transfer to the Company, all of the Stockholder&#146;s right, title and
interest in and to the Shares at the per Share price equal to 96% of the public offering price per share of Common Stock sold by the Stockholder in the Public Offering (the &#147;<B>Repurchase Price</B>&#148;), provided, however, that the per Share
price to be paid by the Company in the Repurchase shall not exceed the lesser of (i)&nbsp;$14.50 and (ii)&nbsp;the last reported sale price of the Company&#146;s Common Stock on the New York Stock Exchange on the date hereof. At the Closing, the
Stockholder shall deliver the stock certificate(s) representing the Shares, accompanied by stock powers or other instruments of transfer duly executed in blank, relating to the Shares. Payment for the Shares shall be made by wire transfer of
immediately available funds to an account or accounts to be designated by the Stockholder in an amount equal to the Repurchase Price multiplied by the number of Shares (the &#147;<B>Repurchase Amount</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <B>Conditions to the Company&#146;s Obligations</B>. The obligation of the Company to repurchase the Shares from the Stockholder shall be
subject to consummation of the Public Offering pursuant to the terms of the Underwriting Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.3 <B>Closing</B>. The closing of
the Repurchase (the &#147;<B>Closing</B>&#148;) shall take place at the offices of Davis Polk&nbsp;&amp; Wardwell LLP, 450 Lexington Avenue, New York, New York, on the same date as the closing of the Public Offering pursuant to the Underwriting
Agreement, or at such other time and place as the parties hereto shall mutually agree. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.4 <B>Termination of Rights as the
Stockholder</B>. Upon payment of the Repurchase Amount, the Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Shares, including any rights that the Stockholder may
have had under the Company&#146;s Sixth Restated Certificate of Incorporation, the Stockholder Agreement or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.5 <B>Withholding
Rights</B>. The Company shall be entitled to deduct and withhold from the Repurchase Amount such amounts as it may be required to deduct and withhold with respect to the making of such payment under the U.S. Internal Revenue Code of 1986, as amended
(the &#147;<B>Code</B>&#148;), or any provision of foreign, state or local tax law. To the extent that amounts are so withheld by the Company and paid over to the appropriate taxing authority, such withheld amounts shall be treated for all purposes
of this Agreement as having been paid to the Stockholder. Prior to withholding any amount, the Company shall provide written notice to the Stockholder together with sufficient details regarding the nature of the relevant withholding tax. If any tax
reduction or exemption is available, the Company shall cooperate with the Stockholder in applying for such tax reduction or exemption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.6 <B>Stockholder Expenses</B>.&nbsp;The Stockholder agrees to pay all stamp, stock transfer and similar duties, if any, in connection with
the Repurchase. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.7 <B>Remaining Shares</B>. The Stockholder acknowledges and agrees that all shares of the
Common Stock that were issued to the Stockholder pursuant to the Prior Agreement (other than the Shares sold to the Company hereunder and the shares of Common Stock sold in the Public Offering) shall remain subject to the terms and conditions of the
Prior Agreement and the Stockholder Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with the transactions provided for hereby, the Company represents and warrants to the Stockholder as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.1 <B>Authorization</B>. The Company has all necessary power and authority to execute, deliver and perform the Company&#146;s obligations
under this Agreement and to purchase the Shares in the Repurchase. This Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and binding obligation of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.2 <B>No Conflict</B>. The execution and delivery of this Agreement and the consummation of the Repurchase will not result in a breach by the
Company of, or constitute a default by the Company under, any agreement, instrument, decree, judgment or order to which the Company is a party or by which the Company may be bound, except, in each case, as would not singly or in the aggregate result
in a material adverse effect on the ability of the Company to perform its obligations under this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.3 <B>Tax Matters</B>. To
the knowledge of the Company, as of the date hereof, the Company is not a United States Real Property Holding Corporation within the meaning of Section&nbsp;897 of the Code. For purposes of this Section&nbsp;2.3, &#147;knowledge&#148; means, with
respect to the Company, the actual knowledge after reasonable inquiry of the officers of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.4 <B>Anti-Corruption Laws</B>.
Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any of its affiliates (other than the Stockholder), any of their respective directors, officers, employees, authorized agents or any other person associated with
or acting on behalf of the Company or any of its affiliates (other than the Stockholder) have conducted any act in violation of any applicable Anti-Corruption Laws, nor would they cause the Stockholder or any of its affiliates to be in violation of
any applicable Anti-Corruption Law, that would be material to the Repurchase. The Company, its subsidiaries and, to the knowledge of the Company, its affiliates (other than the Stockholder) have instituted, maintained and complied with appropriate
policies, procedures and controls that are in material compliance with applicable Anti-Corruption Laws. For purposes of this Section&nbsp;2.4, &#147;<B>Anti-Corruption Laws</B>&#148; means all the laws, regulations, conventions and international
financial institution rules applicable to the Company regarding corruption, bribery, ethical business conduct, money laundering, political contributions, gifts and gratuities, or lawful expenses to public officials and private persons, agency
relationships, commissions, lobbying, books and records and financial controls. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with the transactions provided for hereby, the Stockholder represents and warrants to the Company as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <B>Ownership of Shares</B>. The Stockholder has valid title and interest (legal and beneficial) in and to all of the Shares, free and
clear of all liens, pledges, security interests, charges, claims, equity or encumbrances of any kind. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <B>Authorization</B>. The
Stockholder has all necessary power and authority to execute, deliver and perform the Stockholder&#146;s obligations under this Agreement and to sell and deliver the Shares in the Repurchase. This Agreement has been duly authorized, executed and
delivered by the Stockholder and constitutes a valid and binding obligation of the Stockholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.3 <B>No Conflict</B>. The execution and
delivery of this Agreement and the consummation of the Repurchase will not result in a breach by the Stockholder of, or constitute a default by the Stockholder under, any agreement, instrument, decree, judgment or order to which the Stockholder is a
party or by which the Stockholder may be bound, except, in each case, as would not singly or in the aggregate result in a material adverse effect on the ability of the Stockholder to perform its obligations under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.4 <B>Experience and Evaluation</B>. By reason of the Stockholder&#146;s business or financial experience or the business or financial
experience of the Stockholder&#146;s professional advisers who are unaffiliated with the Company and who are not compensated by the Company, the Stockholder has the capacity to protect the Stockholder&#146;s own interests in connection with the sale
of the Shares to the Company. The Stockholder is capable of evaluating the potential risks and benefits of the sale hereunder of the Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.5 <B>Access to Information</B>. The Stockholder has received all of the information that the Stockholder considers necessary or appropriate
for deciding whether to sell the Shares in the Repurchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.6 <B>Tax Matters</B>. (i)&nbsp;The Stockholder has had an opportunity to
review with the Stockholder&#146;s tax advisers the federal, state, local and foreign tax consequences of the Repurchase. The Stockholder is relying solely on such advisers and not on any statements or representations of the Company or any of its
agents. The Stockholder understands that the Stockholder (and not the Company) shall be responsible for the Stockholder&#146;s tax liability and any related interest and penalties that may arise as a result of the Repurchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) There are no transfer taxes or other similar fees or charges under foreign law, U.S. federal law or the laws of any state, or any
political subdivision thereof, other than fully refundable New York State stock transfer taxes, required to be paid in connection with the execution and delivery of this Agreement or the Repurchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.7 <B>Anti-Corruption Laws. </B>Neither the Stockholder nor, to the knowledge of the Stockholder, any of its affiliates, any of their
respective directors, officers, employees, authorized agents or any other person associated with or acting on behalf of the Stockholder or any of its affiliates have conducted any act in violation of any applicable Anti-Corruption Laws,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
nor would they cause the Company or any of its affiliates (other than the Stockholder) to be in violation of any applicable Anti-Corruption Law, that would be material to the Repurchase. The
Stockholder and, to the knowledge of the Stockholder, its affiliates have instituted, maintained and complied with appropriate policies, procedures and controls that are in material compliance with applicable Anti-Corruption Laws. For purposes of
this Section&nbsp;3.7, &#147;<B>Anti-Corruption Laws</B>&#148; means all the laws, regulations, conventions and international financial institution rules applicable to the Stockholder regarding corruption, bribery, ethical business conduct, money
laundering, political contributions, gifts and gratuities, or lawful expenses to public officials and private persons, agency relationships, commissions, lobbying, books and records and financial controls. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. SUCCESSORS AND ASSIGNS. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the
respective successors and assigns of the parties (including transferees of any Shares). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 5.
GOVERNING LAW. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to
contracts made and to be performed within the State of New York. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 6. ENTIRE AGREEMENT. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement contains the entire understanding of the parties, and there are no further or other agreements or understandings, written or
oral, in effect between the parties, in each case, relating to the subject matter hereof, except as expressly referred to herein. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 7.
TERMINATION </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement may be terminated by mutual written consent of the Company and the Stockholder. This Agreement shall
automatically terminate and be of no further force and effect, in the event that the condition set forth in Section&nbsp;1.2 of this Agreement has not been satisfied within 10 business days after the date hereof. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 8. AMENDMENTS AND WAIVERS. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any
term of this Agreement may be amended, and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Stockholder and the
Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. FURTHER ACTION. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each party hereto agrees to execute any additional documents and to take any further action as may be necessary or desirable in order to effect
the Repurchase. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 10. SURVIVAL. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The representations and warranties herein shall survive the Closing. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. SEVERABILITY. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Whenever
possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 12. NOTICES. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All notices and
other communications given or made pursuant hereto shall be in writing and shall be deemed effectively given (a)&nbsp;upon personal delivery to the party to be notified, (b)&nbsp;when sent by confirmed facsimile, if sent during normal business hours
of the recipient or, if not, then on the next business day, (c)&nbsp;seven days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d)&nbsp;one day after deposit with a nationally recognized
overnight courier, specifying next-day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the addresses or facsimile numbers set forth on the signature pages attached hereto (or at such
other addresses as shall be specified by notice given in accordance with this Section&nbsp;12). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 13. ARBITRATION; NATURE OF AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In the event any dispute shall arise under this Agreement, it shall be submitted to arbitration in New York County, New York, in accordance
with the rules then pertaining of the American Arbitration Association with respect to commercial disputes. Each of the parties hereto agrees that the decision and/or award made by the arbitrators shall be final and binding upon parties to the
arbitration, and enforceable by any court having jurisdiction over the party from whom enforcement is sought. The seat of arbitration shall be New York. The number of arbitrators shall be three. The arbitration proceedings shall be conducted in
English. The cost of such arbitrators and arbitration services, together with the prevailing party&#146;s legal fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the arbitrators. Notwithstanding the foregoing,
if this arbitration provision is determined to be unenforceable in whole or in part, including without limitation any decision and/or award rendered by arbitrators appointed pursuant to this provision, the Stockholder and the Company shall
(i)&nbsp;irrevocably submit to the exclusive jurisdiction of any state or federal court located in the State of New York, (ii)&nbsp;waive objection to the venue of any proceeding in such court and (iii)&nbsp;waive objection that such court provides
an inconvenient forum. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">With respect to the contractual liability of the Stockholder to perform its obligations under
this Agreement, with respect to itself or its property, the Stockholder agrees that the execution, delivery and performance by it of this Agreement constitute private and commercial acts done for private and commercial purposes. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 14. COUNTERPARTS. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 15. TAX FORMS. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Upon execution of
this Agreement (and at any other time or times prescribed by applicable law or as reasonably requested by the Company), the Stockholder shall deliver to the Company a properly completed and duly executed Internal Revenue Service Form W-8EXP (or
other applicable Internal Revenue Service Form), together with any other information necessary in order to establish an exemption from, and/or reduction of, U.S. federal income tax withholding. The Stockholder shall promptly notify the Company at
any time such previously delivered Internal Revenue Service forms or information are no longer correct or valid. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">I<SMALL>N</SMALL> W<SMALL>ITNESS</SMALL> W<SMALL>HEREOF</SMALL>, each of the parties has executed
this Common Stock Repurchase Agreement as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>T<SMALL>HE</SMALL> AES C<SMALL>ORPORATION</SMALL></B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Thomas M. O&#146;Flynn</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Thomas M. O&#146;Flynn</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Executive Vice President and</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Address:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">4300 Wilson Boulevard</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Arlington, Virginia 22203</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Facsimile:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">(703) 528-4510</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>T<SMALL>ERRIFIC</SMALL> I<SMALL>NVESTMENT</SMALL> C<SMALL>ORPORATION</SMALL></B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Keping Li</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Keping Li</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">President&nbsp;&amp; Executive Director</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Address:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">25/F New Poly Plaza, No.&nbsp;1</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Chaoyangmen Beidajie, Dongcheng, Beijing 100010, China</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Facsimile:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">8610-6653 3323</TD></TR>
</TABLE></DIV>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d642410dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<TITLE>EX-99.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g642410g24a24.gif" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Press Release </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Contact: Ahmed Pasha 703 682 6451 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media Contact: Rich
Bulger 703 682 6318 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AES Announces Secondary Offering of 40 Million Shares of Common Stock by a Subsidiary of CIC and Concurrent Repurchase of 20
Million Shares of AES Common Stock </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ARLINGTON, Va., December&nbsp;11, 2013 &#150;&nbsp;</B>The AES Corporation (NYSE: AES) announced today that it
has commenced a registered underwritten public offering of 40&nbsp;million shares of its common stock (the &#147;Offering&#148;), all of which will be offered by Terrific Investment Corporation (the &#147;Selling Stockholder&#148;), a subsidiary
controlled by China Investment Corporation (&#147;CIC&#148;). AES will not receive any of the proceeds from the Offering. The Selling Stockholder has granted to the underwriters an option to purchase up to 6&nbsp;million additional shares at the
public offering price, less the underwriting discount, to cover over-allotments, if any, for a period of 30 days from the date of this press release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At
the same time, AES announced that its Board of Directors increased the size of AES&#146; common stock repurchase authorization to $450 million from $239 million available as of September&nbsp;30, 2013. In addition, AES has entered into a stock
repurchase agreement with the Selling Stockholder to repurchase 20&nbsp;million shares of its common stock contingent on the closing of the Offering. Under the Board&#146;s authorization, the remaining shares may be repurchased from time to time in
open market or privately negotiated transactions, subject to market conditions and other factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The repurchase of shares from the Selling Stockholder
will be effected in a private, non-underwritten transaction at a price per share equal to 96% of the public offering price per share of common stock sold by the Selling Stockholder in the Offering, such price per share not to exceed the lesser of:
(i)&nbsp;$14.50; or (ii)&nbsp;the last reported sale price of AES&#146; common stock on the New York Stock Exchange as of December&nbsp;11, 2013. AES will use cash on hand, as well as borrowings under its revolving credit facility to fund the stock
repurchase. AES expects to repay any revolver borrowings upon receipt of dividends from certain of its subsidiaries expected by fiscal year-end. In connection with the repurchase transaction, the Board of Directors engaged Barclays Capital Inc. to
act as its financial advisor. The closing of the stock repurchase is contingent on the closing of the Offering and the satisfaction of certain other customary conditions. The closing of the Offering is not contingent on the closing of the stock
repurchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are pleased to have partnered with CIC on this agreement, and will be repurchasing shares at a modest discount to the offering
price,&#148; said Andr&eacute;s Gluski, AES President and Chief Executive Officer. &#147;This transaction is an acceleration of planned repurchases of our shares, and is in-line with our capital allocation framework to maximize value for our
shareholders.&#148; </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;CIC is selling its shares of AES&nbsp;as a&nbsp;part of its normal investment management process,&#148;
said Mr.&nbsp;Dapeng Xu, Director of CIC.&nbsp;&#147;CIC remains supportive of AES&#146; management team and the strategic direction of the company.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Barclays, J.P. Morgan and Morgan Stanley are acting as joint book-running managers of the Offering. BofA Merrill Lynch, SunTrust Robinson Humphrey and UBS
Investment Bank are acting as co-managers of the Offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AES has filed an effective shelf registration statement (including a prospectus) with the
Securities and Exchange Commission (the &#147;SEC&#148;) for the Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement to which the Offering relates
and the other documents incorporated by reference therein, which AES has filed with the SEC for more complete information about AES and the Offering. You may get these documents for free by visiting EDGAR on the SEC website at <U>www.sec.gov</U>.
Alternatively, copies may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: 888-603-5847 or email: <U>barclaysprospectus@broadridge.com</U>); J.P. Morgan, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: 866-803-9204); or Morgan Stanley, c/o Morgan Stanley&nbsp;&amp; Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (telephone: 866-718-1649 or
email: <U>prospectus@morganstanley.com</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About AES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The AES Corporation (NYSE: AES) is a Fortune
200 global power company. We provide affordable, sustainable energy to 21 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 25,000 people is committed to
operational excellence and meeting the world&#146;s changing power needs.&nbsp;Our 2012 revenues were $18 billion and we own and manage $42 billion in total assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Safe Harbor Disclosure </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This news release contains
forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to the Offering and the concurrent stock
repurchase from the Selling Stockholder. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES&#146; current expectations based on reasonable assumptions. Consummation of the Offering and our
intended concurrent stock repurchase are subject to risks and uncertainties, such as our continued eligibility to use our shelf registration statement, our ability to fund the repurchase of our common stock, general economic conditions and other
risks and uncertainties discussed in AES&#146; filings with the Securities and Exchange Commission (the &#147;SEC&#148;), including, but not limited to, the risks discussed under </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Item&nbsp;1A &#147;Risk Factors&#148; and Item&nbsp;7: Management&#146;s Discussion&nbsp;&amp; Analysis in AES&#146; 2012 Annual Report on Form 10-K and in subsequent reports filed with the SEC.
Readers are encouraged to read AES&#146; filings to learn more about the risk factors associated with AES&#146; business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any Stockholder who desires a copy of the Company&#146;s 2012 Annual Report on Form 10-K dated on or about February&nbsp;26, 2013
with the SEC may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge
equal to the reproduction cost thereof will be made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"># </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>d642410dex992.htm
<DESCRIPTION>EX-99.2
<TEXT>
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<TITLE>EX-99.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g642410g24a24.gif" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Press Release </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Contact: Ahmed Pasha 703 682 6451 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media Contact: Rich
Bulger 703 682 6318 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AES Announces Pricing for 20 Million Share Repurchase and Secondary Offering of 40 Million Shares of Common Stock by a Subsidiary
of CIC </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ARLINGTON, Va., December&nbsp;13, 2013 &#150;&nbsp;</B>The AES Corporation (NYSE: AES) announced today pricing for the repurchase of
20&nbsp;million shares of its common stock (the &#147;Repurchase&#148;) from Terrific Investment Corporation (the &#147;Selling Stockholder&#148;), a subsidiary controlled by China Investment Corporation (&#147;CIC&#148;), for approximately $258
million at $12.912 per share. Additionally, the Company&#146;s previously announced secondary public offering of 40&nbsp;million shares of its common stock (the &#147;Offering&#148;), offered to the public by the Selling Stockholder, priced at
$13.45 per share. AES will not receive any of the proceeds from the Offering. The Selling Stockholder has granted to the underwriters an option to purchase up to 6&nbsp;million additional shares at the public offering price, less the underwriting
discount, to cover over-allotments, if any, for a period of 30 days from December&nbsp;12, 2013. The Offering and the Repurchase are expected to close on or about December&nbsp;18, 2013, subject to customary closing conditions. The closing of the
Repurchase is contingent on the closing of the Offering and the satisfaction of certain other customary conditions. The closing of the Offering is not contingent on the closing of the Repurchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Barclays, J.P. Morgan and Morgan Stanley are acting as joint book-running managers of the Offering. BofA Merrill Lynch, SunTrust Robinson Humphrey and UBS
Investment Bank are acting as co-managers of the Offering. Barclays acted as financial advisor to the Company&#146;s Board of Directors in connection with the Repurchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AES has filed an effective shelf registration statement (including a prospectus) with the Securities and Exchange Commission (the &#147;SEC&#148;) for the
Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement to which the Offering relates and the other documents incorporated by reference therein, which
AES has filed with the SEC for more complete information about AES and the Offering. You may get these documents for free by visiting EDGAR on the SEC website at <U>www.sec.gov</U>. Alternatively, copies may be obtained from Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: 888-603-5847 or email: <U>barclaysprospectus@broadridge.com</U>); J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone:
866-803-9204); or Morgan Stanley, c/o Morgan Stanley&nbsp;&amp; Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (telephone: 866-718-1649 or email: <U>prospectus@morganstanley.com</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About AES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 21 countries through our diverse portfolio
of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 25,000 people is committed to operational excellence and meeting the world&#146;s changing power needs.&nbsp;Our 2012 revenues were $18 billion and
we own and manage $42 billion in total assets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Safe Harbor Disclosure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such
forward-looking statements include, but are not limited to, those related to the Offering and the Repurchase. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES&#146; current expectations
based on reasonable assumptions. Consummation of the Offering and the Repurchase are subject to risks and uncertainties, such as our continued eligibility to use our shelf registration statement, our ability to fund the Repurchase and general
economic conditions and other risks and uncertainties discussed in AES&#146; filings with the Securities and Exchange Commission (the &#147;SEC&#148;), including, but not limited to, the risks discussed under Item&nbsp;1A &#147;Risk Factors&#148;
and Item&nbsp;7: Management&#146;s Discussion&nbsp;&amp; Analysis in AES&#146; 2012 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES&#146; filings to learn more about the risk factors
associated with AES&#146; business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any stockholder who desires a copy of the Company&#146;s 2012 Annual Report on Form 10-K dated on or about February&nbsp;26, 2013 with the SEC may obtain a
copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction
cost thereof will be made. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"># </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
