New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:01 EDTAESAES Corp. to sell Ukraine assets to VS Energy International
The AES Corporation announced that it has agreed to sell its two power distribution businesses in Ukraine to VS Energy International. Under the agreement, AES will sell its 89.12% equity interest in AES Kyivoblenergo, which serves 881,000 customers in the Kiev region, and its 84.56% equity interest in AES Rivneoblenergo, which serves 412,000 customers in the Rivne region. The transaction is expected to close by mid-2013 and is subject to local regulatory approval. Both AES Kyivoblenergo and AES Rivneoblenergo will continue operations, supplying energy to customers and working constructively with all stakeholders.
News For AES From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 15, 2015
10:36 EDTAESBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
Subscribe for More Information
April 8, 2015
06:22 EDTAESAES Corp. announces signing of Heads of Terms agreement at Maritza
AES Corporation announced that one of its subsidiaries, AES 3C Maritza East has signed a Heads of Terms Agreement with NEK, the state-owned wholesale power company. Under the framework set forth in the HTA, both parties will endeavor to make certain changes to the Power Purchase Agreement, under which Maritza sells its output to NEK through 2026. Maritza and NEK agreed to reduce the capacity payment to Maritza under the PPA by 14% through the PPA Term. In exchange, NEK will pay Maritza its full outstanding receivables, which as of March 31, 2015 were approximately $236M. A binding agreement is expected to be signed by the third quarter of 2015 and is subject to customary regulatory approvals. The terms of the HTA, once implemented, will have an approximate 3c per share annual impact on the Company’s Adjusted EPS, which has been reflected in the Company’s 2015 guidance and expectations through 2018 provided on its fourth quarter earnings call on February 26, 2015.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use