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February 26, 2014
06:22 EDTAESAES Corp. reports Q4 adjusted EPS 29c, consensus 29c
Reports Q4 revenue $3.8B, consensus $5.45B
News For AES From The Last 14 Days
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April 15, 2015
10:36 EDTAESBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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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.

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