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Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Certain of our businesses in Panama are partially owned by governments either directly or through state-owned institutions. In the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments. In the Dominican Republic, AES conducts revenue generating business with parties which are investors in AES equity method investees. These business relationships affect both Revenue—Non-Regulated and Cost of Sales—Non-Regulated. Furthermore, in 2021, the Company began construction projects with Fluence relating to energy storage. These related party transactions primarily present themselves as construction in progress, as seen below. Additionally, the Company provides certain support and management services to several of its affiliates under various agreements.
The Company's Consolidated Statements of Operations included the following transactions with related parties for the periods indicated (in millions):
Years Ended December 31, 202420232022
Revenue—Non-Regulated$746 $1,055 $1,093 
Cost of Sales—Non-Regulated143 576 352 
Cost of Sales—Regulated
34 39 39 
Interest income12 9 10 
Interest expense26 36 95 
Other income
23 28 17 
The following table summarizes the balances that relate to related party transactions for balance sheet accounts included in the Company's Consolidated Balance Sheets as of the periods indicated (in millions):
December 31,20242023
Receivables from related parties$166 $584 
Accounts and notes payable to related parties (1)
1,016 1,411 
Property, plant, and equipment, net
851 671 
Prepaid expenses
11 25 
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(1)Includes $526 million and $639 million of debt to Mong Duong Finance Holdings B.V., as of December 31, 2024 and 2023, respectively. Mong Duong was classified as held-for-sale in December 2024 and 2023.