| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | restructuring | completed | 2025-02 | Global | Various (Energy Infrastructure, Renewables, Utilities, New Energy Technologies, Corporate) | USD 54 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in Feb 2025 to streamline organization and right-size development company. Cumulative costs of $54M incurred as of June 30, 2026. No charges recognized in Q2 2026; $5M cash payments made in H1 2026. Accrued liability is $0 as of June 30, 2026. | |||
| 2026-06-30 | restructuring | in_progress | Other General [Member] | USD 54,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | 2025-02 | Global | Enterprise-wide (Energy Infrastructure, Renewables, Utilities, Corporate) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated Feb 2025 to streamline organization and right-size development company. No new charges in Q1 2026; $3M cash paid and $2M accrual remaining at quarter-end. Cumulative program cost $54M since inception. Employee affected count not disclosed in this filing. | ||||
| 2026-03-31 | restructuring | in_progress | 2025-02-01 | Global | Corporate and Development | USD 54 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in Feb 2025 to streamline organization and right-size development company. Cumulative costs incurred to date $54M. No new charges recognized in Q1 2026; $3M cash payments made. | |||
| 2026-03-31 | restructuring | in_progress | Other General [Member] | USD 54,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | USD 2,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-12-31 | restructuring | in_progress | 2025-02 | Company-wide (U.S. and international operations) | All SBUs and Corporate — severance recognized in Energy Infrastructure, Renewables, Utilities, New Energy Technologies, and Corporate and Other | USD 54 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program approved and initiated in February 2025 to streamline the organization given a significantly lower number of operating countries and to right-size the development company. FY2025 pre-tax severance charge of $54 million ($40 million in Cost of sales; $14 million in G&A); by segment: $21 million Energy Infrastructure, $17 million Renewables, $5 million Utilities, $1 million New Energy Technologies, $10 million Corporate and Other. Cash payments of $53 million made during 2025; $5 million of pre-tax restructuring charges remained accrued at December 31, 2025. Number of employees affected not disclosed. Related to the same program, AES Clean Energy Development recognized $51 million of pre-tax asset impairment expense (write-off of non-viable development projects). | |||
| 2025-12-31 | restructuring | in_progress | 2025-02-01 | Global | Company-wide; charges allocated across Energy Infrastructure ($21M), Renewables ($17M), Utilities ($5M), New Energy Technologies ($1M), Corporate and Other ($10M) | USD 54 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program approved February 2025 to streamline organization and right-size development company. Pre-tax severance charges of $54M ($40M in cost of sales, $14M in G&A); $53M cash paid during 2025; $5M accrued at year-end. Employee headcount affected not disclosed. | |||
| 2025-12-31 | restructuring | completed | 2025-02-01 | United States | Renewables — AES Clean Energy Development | USD 51 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax asset impairment of $51M from write-off of project development intangibles and capitalized development costs tied to right-sizing the development company under the February 2025 restructuring program. Employee headcount affected not disclosed. | |||
| 2025-12-31 | restructuring | completed | 2025-02 | 2025-12-31 | Global | Corporate and Development | USD 54 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Program to streamline organization and right-size development company. Pre-tax restructuring charges related to employee severance costs were $54 million. Employee count not explicitly disclosed. | ||
| 2025-12-31 | restructuring | in_progress | Other General [Member] | USD 54,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Energy Infrastructure [Member] | USD 21,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Renewables [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Utilities [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | New Energy Technologies [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Corporate Other And Other [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | USD 5,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-09-30 | restructuring | in_progress | 2025-02-01 | Global | Company-wide; charges allocated across Energy Infrastructure ($20M), Renewables ($17M), Utilities ($5M), New Energy Technologies ($1M), Corporate ($10M) | USD 53 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated Feb 2025 to streamline organization and right-size development company. $53M pre-tax severance charges YTD ($39M in cost of sales, $14M in G&A). $48M cash paid YTD; $9M accrued at 9/30/2025. Employee headcount affected not disclosed. Additional $51M asset impairment at AES Clean Energy Development tied to restructuring. | |||
| 2025-09-30 | acquisition_addition | completed | 2025-05-16 | 2025-05-16 | United States (Indiana) | Utilities SBU | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% of Crossvine Solar 1, LLC for $78M total consideration; 85 MW solar + 85 MW battery storage project. Headcount added not disclosed. | |||
| 2025-09-30 | acquisition_addition | completed | 2025-04-04 | 2025-04-04 | United States (New York) | Renewables SBU | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of three early-stage solar development projects (Homer, Moraine, Tracy) totaling 303 MW for $30M fair value consideration. Headcount added not disclosed. | |||
| 2025-09-30 | divestiture_reduction | completed | 2025-06-01 | 2025-06-30 | Dominican Republic | Renewables SBU | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% interest in Dominican Republic Renewables for $103M; business deconsolidated. Headcount removed not disclosed. | |||
| 2025-09-30 | divestiture_reduction | completed | 2025-01-01 | 2025-01-31 | Chile | Energy Infrastructure SBU | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% of Empresa Electrica Ventanas SpA and Nucleo SpA (coal-fired generation) for $5M. Headcount removed not disclosed. | |||
| 2025-09-30 | restructuring | in_progress | 2025-02-01 | Global | Corporate and Other, Energy Infrastructure, Renewables, Utilities, New Energy Technologies | USD 53 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in February 2025 to streamline organization and right-size development company. Pre-tax charges of $53M recognized for nine months ended Sept 30, 2025, primarily for employee severance. No specific employee count disclosed. | |||
| 2025-09-30 | restructuring | in_progress | Other General [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Energy Infrastructure [Member] | USD 20,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Renewables [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Utilities [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | New Energy Technologies [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Corporate Other And Other [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | USD 9,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-30 | restructuring | in_progress | 2025-02-01 | Global | Enterprise-wide; includes Energy Infrastructure SBU, Renewables SBU, Utilities SBU, New Energy Technologies SBU, and Corporate and Other | USD 52 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program approved Feb 2025 to streamline organization and right-size development company. $52M pre-tax severance charges for six months ended Jun 30, 2025 ($43M in cost of sales, $9M in G&A). By SBU: $19M Energy Infrastructure, $17M Renewables, $5M Utilities, $1M New Energy Technologies, $10M Corporate. $36M cash paid YTD; $22M accrued at quarter-end. No employee headcount disclosed. | |||
| 2025-06-30 | restructuring | in_progress | 2025-02-01 | United States | AES Clean Energy Development (Renewables SBU) | USD 51 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pre-tax asset impairment expense from right-sizing development company as part of Feb 2025 restructuring; write-off of project development intangibles and capitalized development costs. No employee headcount disclosed. | |||
| 2025-06-30 | restructuring | in_progress | 2025-02-01 | Global | Corporate and Other; Energy Infrastructure; Renewables; Utilities; New Energy Technologies | USD 52 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program initiated in February 2025 to streamline organization and right-size development company. Pre-tax charges of $52M recognized for six months ended June 30, 2025, primarily for employee severance. Cash payments of $36M made during the period. $22M accrued as of June 30, 2025. Employee count not disclosed. | |||
| 2025-06-30 | restructuring | in_progress | Other General [Member] | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Energy Infrastructure [Member] | USD 19,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Renewables [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Utilities [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | New Energy Technologies [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Corporate Other And Other [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | USD 22,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-03-31 | restructuring | in_progress | 2025-02-01 | Global | Energy Infrastructure SBU | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sub-component of company-wide restructuring; employee headcount affected not disclosed. | |||
| 2025-03-31 | restructuring | in_progress | 2025-02-01 | Global | Renewables SBU | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sub-component of company-wide restructuring; employee headcount affected not disclosed. | |||
| 2025-03-31 | restructuring | in_progress | 2025-02-01 | Global | Utilities SBU | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sub-component of company-wide restructuring; employee headcount affected not disclosed. | |||
| 2025-03-31 | restructuring | in_progress | 2025-02-01 | Global | Corporate and Other | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sub-component of company-wide restructuring; employee headcount affected not disclosed. Total program charge $48M ($40M cost of sales, $8M G&A); $19M cash paid and $33M accrued at 2025-03-31. | |||
| 2025-03-31 | restructuring | in_progress | 2025-02-01 | Global | Corporate and Other; Renewables; Energy Infrastructure; Utilities | USD 48 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Company approved program to streamline organization and right-size development company. Charge relates to employee severance costs. Employee count not disclosed. | |||
| 2025-03-31 | restructuring | in_progress | Other General [Member] | USD 48,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Energy Infrastructure [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Renewables [Member] | USD 16,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Utilities [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Corporate Other And Other [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-12-31 | restructuring | announced | 2025-02 | Global | Company-wide; includes right-sizing of the development business | subsequent_events f5-10k / GLM-5.3-flash-HTML | Restructuring program approved and initiated in February 2025 to streamline the organization following exits from a significantly lower number of countries and to right-size the development company to focus on backlog execution and fewer, larger projects. Disclosure states the program is not expected to impact operating segments. Headcount affected, geography scope, and associated charges are not quantified. | ||||
| 2024-12-31 | restructuring | announced | 2025-02-28 | Global | Corporate / Development | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | In February 2025, company approved a restructuring program to streamline organization given fewer countries of operation and right-size development company to focus on backlog execution. No employee count or charge disclosed. | ||||
| 2024-12-31 | restructuring | announced | 2025-02 | Global | Development and Corporate | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Company approved and initiated a restructuring program to streamline organization and right-size development company. No specific headcount or charge disclosed. | ||||
| 2023-12-31 | plant_closure | announced | 2023-09-30 | 2024-06-01 | United States (Maryland) | Energy Infrastructure SBU — Warrior Run coal-fired facility | USD 198 (millions) | other f5-10k / GLM-5.3-flash-HTML | Coal-fired facility to be retired or mothballed June 1, 2024 following PJM deactivation approval (Nov 30, 2023); PPA with Potomac Edison terminated June 2023 with capacity service continuing through May 2024. Charge is a pre-tax long-lived asset impairment (a $6 million inventory impairment was also recognized), not severance. Employee impact not disclosed. | ||
| 2023-12-31 | plant_closure | announced | 2023-05 | 2024-03-31 | Chile | Energy Infrastructure SBU — Norgener coal-fired plant (AES Andes) | USD 137 (millions) | other f5-10k / GLM-5.3-flash-HTML | AES Andes announced accelerated retirement of the 276 MW plant in May 2023; the grid operator (CEN) authorized definitive disconnection of Norgener 1 and 2 effective March 31, 2024. Charge is a pre-tax long-lived asset impairment, not severance. Employee impact not disclosed. | ||
| 2023-12-31 | plant_closure | completed | 2023-12-31 | Chile | Energy Infrastructure SBU — Ventanas coal-fired units (AES Andes) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Ventanas 2 was disconnected from the Chilean grid as of December 31, 2023 under the accelerated coal retirement plan agreed with the government in June 2019 (Ventanas 1 was disconnected June 30, 2022). Combined early plant-closure costs for Ventanas 2 and Norgener of $37 million are disclosed in the Adjusted EPS reconciliation; per-plant attribution not provided. Employee impact not disclosed. | ||||
| 2023-12-31 | plant_closure | completed | 2023-06 | United States (Indiana) | Utilities SBU — AES Indiana Petersburg station | Item_1_Business f5-10k / GLM-5.3-flash-HTML | 415 MW coal unit retired in June 2023; combined with Unit 1's May 2021 retirement (230 MW), 630 MW of economic capacity has been retired at the station. Remaining two coal units are planned for conversion to natural gas. Employee impact not disclosed. | ||||
| 2023-12-31 | plant_closure | completed | 2024-01-01 | United States (California) | Energy Infrastructure SBU — AES Southland (Redondo Beach) | other f5-10k / GLM-5.3-flash-HTML | Facility retired effective January 1, 2024 (shortly after fiscal year-end) as part of AES Southland's plan to permanently retire all remaining once-through-cooling units by SWRCB OTC Policy compliance dates. Employee impact not disclosed. | ||||
| 2023-12-31 | plant_closure | in_progress | 2025-12-31 | Vietnam, United States, Chile | Energy Infrastructure — coal generation | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2.1 GW of coal generation exited or announced for sale/closure across Vietnam, U.S., and Chile. No employee headcount impact disclosed. Company intends to exit substantial majority of remaining coal facilities by year-end 2025 and all by year-end 2027. | ||||
| 2023-12-31 | plant_closure | completed | 2023-06-30 | United States | Utilities — AES Indiana | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Retirement of Petersburg Unit 2 (415 MW) at AES Indiana; no employee headcount impact disclosed | ||||
| 2023-12-31 | plant_closure | in_progress | 2024-06-01 | United States | Energy Infrastructure — Warrior Run coal plant | USD 198 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | PJM approved deactivation of Warrior Run coal facility effective June 1, 2024; $198M asset impairment recognized. No employee headcount impact disclosed. | |||
| 2023-12-31 | plant_closure | in_progress | 2024-03-31 | Chile | Energy Infrastructure — Norgener coal plant | USD 137 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | AES Andes accelerated retirement of Norgener coal plant; CEN authorized definitive disconnection on March 31, 2024. $137M asset impairment recognized. No employee headcount impact disclosed. | |||
| 2023-12-31 | divestiture_reduction | in_progress | 2023-11-29 | 2025-12-31 | Vietnam | Energy Infrastructure — Mong Duong 2 coal plant | USD 167 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell entire 51% interest in Mong Duong 2 coal plant; $167M impairment on held-for-sale classification. No employee headcount impact disclosed. | ||
| 2022-12-31 | plant_closure | completed | 2020-07 | 2022-08 | United States (Hawaii) | US and Utilities SBU — U.S. Conventional Generation (AES Hawaii coal plant) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Coal-fired plant retired following expiration of its PPA, consistent with Hawaii Senate Bill 2629 passed in July 2020 prohibiting coal generation after December 31, 2022. Retirement completed in Q3 2022 — August 2022 per Note 22 and MD&A, September 2022 per Item 1. Workforce impact not quantified; the related $38 million impairment was recognized in 2020, a prior year. | |||
| 2020-12-31 | acquisition_addition | completed | 200 | 2021-01-04 | 2021-01-04 | United States | US and Utilities SBU — AES Clean Energy | Item_1_Business f5-10k / GLM-5.3-flash-HTML | On January 4, 2021 the sPower and AES Distributed Energy development platforms merged to form AES Clean Energy Development, and approximately 200 sPower full time/permanent employees joined the US and Utilities SBU. sPower was previously a 50%-owned unconsolidated equity affiliate, so this headcount entered the consolidated workforce after fiscal year-end; the merger transaction is disclosed in Note 31, while the headcount figure appears in the Item 1 footnote. | ||
| 2020-12-31 | acquisition_addition | announced | 200 | 2021-01-04 | 2021-01-04 | United States | US and Utilities SBU — AES Clean Energy | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 200 additional full time/permanent employees joined AES Clean Energy upon completion of the sPower merger on January 4, 2021, after fiscal year-end. | ||
| 2020-09-30 | restructuring | in_progress | Global | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filing references 'costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation' as an adjustment to Adjusted PTC. No specific headcount or charge amount is disclosed for the current period in this filing. | |||||
| 2019-12-31 | restructuring | completed | 2018-02 | Global | Corporate | MD&A f5-10k / Qwen3.6-27B-Q8_0 | In February 2018, the Company announced a reorganization to simplify its portfolio, optimize cost structure, and reduce carbon intensity. The 2019 filing shows $0 restructuring costs for 2019, indicating the program was completed or inactive in the current year. No specific employee count is disclosed for this action in the 2019 10-K. | ||||
| 2019-06-30 | restructuring | completed | Eurasia | Eurasia SBU | USD 7 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Lower general and administrative expense due to restructuring. | ||||
| 2018-12-31 | restructuring | in_progress | 2018-02 | USD 1 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Company-wide reorganization announced February 2018 to simplify the portfolio, optimize the cost structure and reduce carbon intensity. Restructuring costs of $1 million were recognized in FY2018 per the Adjusted Operating Margin non-GAAP reconciliation (the Adjusted PTC reconciliation shows no 2018 restructuring adjustment). The filing does not state affected headcount, program status, or a completion date; the 2018 G&A decline was attributed in part to reduced people costs. Prior-year (2017) restructuring/severance costs were excluded per current-year-only extraction rule. | |||||
| 2018-12-31 | plant_closure | completed | 2017-03 | 2018-06-01 | Ohio, United States | US and Utilities SBU — DPL generation | other f5-10k / GLM-5.3-flash-HTML | DPL board approved in March 2017 retirement of the Stuart coal-fired and diesel-fired units and the Killen coal unit and combustion turbine on or before June 1, 2018; the units were retired in May 2018. No workforce headcount impact was quantified in the filing. AES entered contracts to buy back open capacity years at prices below PJM capacity revenue. | |||
| 2018-12-31 | plant_closure | in_progress | 2018-12 | 2019 | Northern Ireland, United Kingdom | Eurasia SBU — Ballylumford (B Station) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | After Unit 5 failed to clear the I-SEM capacity auction and Unit 4's capacity contract was transferred to Kilroot, AES ceased generation at the Ballylumford B Station in late 2018; the safe-shutdown process began December 2018 and was expected to be completed in early 2019. No workforce headcount impact was quantified. (The separately announced Kilroot coal-unit shutdown decision was reversed in late 2018 and is not captured.) | |||
| 2018-12-31 | plant_closure | announced | 2018-10 | 2020-05 | Ohio, United States | US and Utilities SBU — DPL / AES Ohio Generation (undivided interest in Conesville Unit 4) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | In October 2018 the co-owner of Conesville Unit 4 announced the plant would be retired by May 2020; DPL's subsidiary AES Ohio Generation owns an undivided interest in the unit. No workforce headcount impact was quantified in the filing. | |||
| 2018-12-31 | restructuring | completed | 2018-02-01 | Global | Corporate | USD 1 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | February 2018 reorganization announced as part of strategy to simplify portfolio, optimize cost structure, and reduce carbon intensity. Restructuring costs of $1 million recognized in 2018 (vs. $31 million in 2017). No employee headcount affected disclosed. No dedicated restructuring footnote in financial statements. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-03-31 | Philippines | Eurasia SBU | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of entire 51% interest in Masinloc (630 MW coal plant) completed March 2018 for $1.05 billion with $772 million pre-tax gain. Headcount removed not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-06-30 | Brazil | South America SBU | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of entire 17% ownership interest in Eletropaulo completed June 2018 for $340 million gross proceeds. Headcount removed not disclosed. | ||||
| 2018-12-31 | plant_closure | completed | 2018-05-31 | United States | US and Utilities SBU (DPL) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Retirement of Stuart coal-fired/diesel units and Killen coal-fired unit and combustion turbine completed May 2018. Prior-year impairment of $66 million recognized in 2017. Associated workforce reduction not quantified. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-03-31 | United States | US and Utilities SBU (DPL) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of six combustion turbine and diesel-fired generation facilities completed March 2018 for $239 million. Headcount removed not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-12-31 | Chile | South America SBU (AES Gener) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of CTNG (transmission lines) completed December 2018 for $225 million ($129M gain); sale of Electrica Santiago (four gas/diesel plants) completed May 2018 for $287 million ($69M gain). Headcount removed not disclosed. | ||||
| 2018-12-31 | restructuring | completed | 2018-02 | Global | Corporate and Other | USD 1 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | In February 2018, the Company announced a reorganization to simplify its portfolio, optimize cost structure, and reduce carbon intensity. Adjusted Operating Margin reconciliation shows $1 million in restructuring costs for 2018. Employee count not disclosed. | |||
| 2018-09-30 | restructuring | in_progress | 2018-02-01 | Global | Corporate | USD 3 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced reorganization to simplify portfolio, optimize cost structure, and reduce carbon intensity. Includes workforce reduction efforts. | |||
| 2018-06-30 | restructuring | in_progress | 2018-02 | Global | Corporate | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced a reorganization in February 2018 to simplify its portfolio, optimize cost structure and reduce carbon intensity; $3 million restructuring costs recorded for the six months ended June 30, 2018. No employee counts, severance detail, or completion date disclosed. | |||
| 2018-06-30 | plant_closure | completed | 2017-03 | 2018-05 | United States | US and Utilities SBU (DPL) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | DPL retired the Stuart coal/diesel units and Killen coal unit and combustion turbine in May 2018 following a March 2017 board approval; associated $66 million impairment recognized in 2017. No workforce reduction count disclosed. | |||
| 2018-06-30 | plant_closure | announced | 2018-10 | Northern Ireland, United Kingdom | Eurasia SBU (Kilroot) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two coal-fired generating units at Kilroot expected to close in October 2018 due to unfavorable capacity market conditions in Northern Ireland. No employee count or charge disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | 2018-02 | USD 3 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced reorganization in Feb 2018 to simplify portfolio and optimize cost structure. $3M restructuring costs recognized in first half of 2018. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | 2018-02-28 | Global | Corporate / enterprise-wide | USD 3 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced a reorganization to simplify its portfolio, optimize cost structure and reduce carbon intensity; $3M restructuring cost recognized in Q1 2018. No employee count or completion date disclosed. MD&A also cites an implemented $100 million cost savings program without headcount detail. | |||
| 2018-03-31 | divestiture_reduction | completed | 2018-03-20 | 2018-03-20 | Philippines | Eurasia SBU | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of entire 51% equity interest in Masinloc completed 2018-03-20 for $1.05 billion cash proceeds; no headcount associated with the disposition was disclosed. | |||
| 2018-03-31 | divestiture_reduction | completed | 2018-03-27 | 2018-03-27 | United States | US and Utilities SBU | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | DPL completed sale of six combustion turbine and diesel-fired generation facilities for $239 million total proceeds; no associated headcount disclosed. | |||
| 2018-03-31 | divestiture_reduction | completed | 2018-01-01 | 2018-01-01 | United States | Corp and Other | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES Advancion energy storage development business deconsolidated and contributed to the Fluence joint venture on 2018-01-01, resulting in a $23 million gain on sale; no headcount disclosed. | |||
| 2018-03-31 | restructuring | announced | 2018-02 | USD 3 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced reorganization to simplify portfolio, optimize cost structure, and reduce carbon intensity. Includes workforce reduction efforts. | |||||
| 2017-12-31 | restructuring | in_progress | Corporate — general and administrative | USD 31 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Severance costs from workforce reductions under a major restructuring program were the primary driver of a $21 million increase in 2017 G&A expense. The $31 million is the one-time restructuring charge per the Adjusted PTC reconciliation, described as severance costs related to workforce reductions; a separate $22 million restructuring cost adjustment appears in the Adjusted Operating Margin reconciliation. Announcement date, affected headcount, and completion timeline not disclosed. Related to the February 2018 reorganization captured as a separate action. | |||||
| 2017-12-31 | restructuring | announced | 2018-02 | Global | MD&A f5-10k / GLM-5.3-flash-HTML | Company announced a reorganization intended to simplify the portfolio, optimize the cost structure, and reduce carbon intensity; global operations will be managed separately from growth and commercial activities. Disclosed in the fiscal 2017 10-K as a subsequent-period announcement. No affected headcount or associated charge quantified. Follows 2017 severance charges from workforce reductions under a major restructuring program (captured as a separate action). | |||||
| 2017-12-31 | plant_closure | in_progress | 2017-03 | 2018-06-01 | Ohio, United States | US SBU — DPL / AES Ohio Generation (Stuart and Killen coal-fired units) | USD 66 (millions) | other f5-10k / GLM-5.3-flash-HTML | DPL board approved in March 2017 the retirement of the Stuart coal-fired and diesel-fired units and the Killen coal-fired unit and combustion turbine on or before June 1, 2018; Stuart Unit 1 had already failed and been retired in January 2017. A $66 million asset impairment expense (not severance) was recognized in connection with the retirement decision. In December 2017 AES Ohio Generation also sold Zimmer and Miami Fort and agreed to sell 973 MW of peaking capacity. No affected employee count disclosed; part of 2017 announced sale or retirement of roughly 4.3 GW of mostly merchant coal-fired capacity (about 30% of coal-fired capacity). | ||
| 2017-12-31 | plant_closure | announced | 2017 | 2018-05-31 | Northern Ireland, United Kingdom | Eurasia SBU — AES UK (Kilroot coal-fired units) | USD 37 (millions) | other f5-10k / GLM-5.3-flash-HTML | Kilroot's coal-fired units failed to clear the first I-SEM capacity auction; AES announced intent to shut down the coal units on or before May 31, 2018, pending a regulator assessment of long-term Northern Ireland grid needs. A $37 million asset impairment expense (not severance) was recognized in Q4 2017. No affected employee count disclosed. | ||
| 2017-12-31 | plant_closure | announced | 2017 | 2018-12-31 | Northern Ireland, United Kingdom | Eurasia SBU — AES UK (Ballylumford B-station steam unit) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | One of Ballylumford's B-station units failed to clear the I-SEM capacity auction; AES intends to retire that unit at the end of December 2018. Item 7A separately states that one Ballylumford steam gas unit is expected to close by the end of May 2018. No affected employee count or associated charge disclosed. | |||
| 2017-12-31 | restructuring | in_progress | Global | Corporate | USD 31 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Major restructuring program with severance costs for workforce reductions; $31M charge in 2017. Employee count not disclosed. G&A expenses rose $21M partly due to these severance costs. | ||||
| 2017-12-31 | restructuring | completed | 2017 | Global | Corporate / Overhead | USD 50 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Company achieved $50 million in cost savings and revenue enhancements in 2017, including overhead reductions. Specific employee count not disclosed. | |||
| 2017-12-31 | restructuring | completed | 2017 | Global | Corporate | USD 22 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | General and administrative expenses increased due to severance costs related to workforce reductions associated with a major restructuring program. | |||
| 2017-06-30 | plant_closure | in_progress | 2017-03-17 | 2018-06-01 | United States (Ohio) | US SBU — DPL coal-fired and diesel-fired generating units (Stuart Station and Killen Station) | USD 66 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved retirement of Stuart and Killen units by June 1, 2018; $66M impairment recognized. No employee count disclosed. | ||
| 2017-06-30 | divestiture_reduction | completed | 2017-01-01 | 2017-04-07 | Kazakhstan | Europe SBU — Ust-Kamenogorsk CHP and Sogrinsk CHP | USD 94 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed April 7, 2017 for net proceeds of $24M; $94M impairment plus $48M pretax loss on sale. No employee count disclosed. | ||
| 2017-06-30 | divestiture_reduction | in_progress | 2017-04-01 | 2017-10-31 | Kazakhstan | Europe SBU — Shulbinsk HPP and Ust-Kamenogorsk HPP (hydroelectric) | USD 90 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Government of Kazakhstan stated concession would not be extended; plants classified held-for-sale at June 30, 2017. $90M impairment. No employee count disclosed. | ||
| 2017-06-30 | acquisition_addition | completed | 2017-02-01 | 2017-07-25 | United States | US SBU — sPower (solar and wind developer) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of FTP Power LLC (sPower) for $853M in cash completed July 25, 2017; AES and AIMCo each own slightly below 50%. No headcount disclosed. | |||
| 2017-06-30 | acquisition_addition | completed | 2017-04-01 | 2017-08-03 | Brazil | Brazil SBU — Alto Sertão II Wind Complex | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase from Renova Energia S.A. for approximately $180M plus assumption of ~$350M non-recourse debt and ~$30M contingent consideration; closed August 3, 2017. No headcount disclosed. | |||
| 2017-06-30 | other | announced | 2017-07-01 | 2017-12-31 | Global | Corporate — Fluence energy storage joint venture with Siemens AG | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | 50/50 JV announced July 2017, expected to close Q4 2017 subject to regulatory approval. No headcount disclosed. | |||
| 2017-03-31 | plant_closure | announced | 2017-03-17 | 2018-06-01 | United States (Ohio) | US SBU — DP&L generation (Stuart Station and Killen Station) | USD 66 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved retirement of Stuart Station coal/diesel units and Killen Station coal unit and combustion turbine by 2018-06-01; $66M long-lived asset impairment recognized. No employee count disclosed. | ||
| 2017-03-31 | divestiture_reduction | completed | 2017-01-01 | 2017-04-07 | Kazakhstan | Europe SBU — Ust-Kamenogorsk CHP and Sogrinsk CHP | USD 94 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale agreement entered January 2017; $94M impairment on held-for-sale classification; sale completed 2017-04-07 for $24M net proceeds with expected additional pretax loss of $48M. No employee count disclosed. | ||
| 2017-03-31 | divestiture_reduction | in_progress | 2016-12-01 | Brazil | Brazil SBU — Eletropaulo distribution | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES pursuing strategic options for Eletropaulo, including preparation for Novo Mercado listing, as part of exit from Brazilian distribution. No employee count disclosed. | ||||
| 2017-03-31 | acquisition_addition | announced | 2017-02-19 | 2017-09-30 | United States | sPower (solar and wind portfolio) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire FTP Power LLC (sPower) for $853M cash plus assumed non-recourse debt; AES and AIMCo to each own slightly below 50%. Expected close by Q3 2017. No headcount disclosed. | |||
| 2017-03-31 | acquisition_addition | announced | 2017-04-18 | 2017-12-31 | Brazil | Brazil SBU — Alto Sertão II Wind Complex | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to purchase Alto Sertão II wind farm from Renova Energia for $189M plus assumption of $363M non-recourse debt and $32M contingent consideration. Expected close in H2 2017. No headcount disclosed. | |||
| 2017-03-31 | divestiture_reduction | announced | 2017-04-21 | 2017-09-30 | United States (Ohio) | US SBU — DP&L undivided interest in Zimmer and Miami Fort | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | DP&L and AES Ohio Generation agreed to sell DP&L's undivided interest in Zimmer and Miami Fort for $50M cash plus assumption of certain liabilities including environmental. Subject to FERC approval; expected close Q3 2017. No employee count disclosed. | |||
| 2015-12-31 | acquisition_addition | completed | 2015-01-24 | 2015-02-18 | United States | US SBU — distributed solar generation | USD 25 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Main Street Power Company, Inc. for approximately $25 million; no headcount disclosed. | ||
| 2015-12-31 | divestiture_reduction | completed | 2015-08 | 2016-01-27 | Sri Lanka | Asia SBU — Kelanitissa generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 90% interest in Kelanitissa for $18 million closed after fiscal year-end; classified held-for-sale at 12/31/2015; no headcount disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-29 | 2016-01-01 | United States | US SBU — DPL Energy Resources (competitive retail marketer) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of DPLER to Interstate Gas Supply closed January 1, 2016 with $76 million proceeds; no headcount disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2013-09-30 | 2014-06-30 | Cameroon | Utilities (Europe SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES SONEL, Kribi and Dibamba interests closed June 2014; no employee headcount disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2014-11-20 | 2014-11-20 | Nigeria | Generation (Europe SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 95% interest in AES Nigeria Barge completed November 20, 2014; no employee headcount disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2014-10-13 | 2014-12-18 | Turkey | Generation (equity method affiliate) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 49.62% interest in Entek (364 MW) closed December 18, 2014; no employee headcount disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2014-08-22 | 2014-08-22 | United Kingdom | Generation — wind (Europe SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of four operating wind projects (88 MW) completed August 22, 2014; no employee headcount disclosed. | |||
| 2013-12-31 | restructuring | in_progress | Corporate offices and SBU general and administrative functions | MD&A f5-10k / GLM-5.3-flash-HTML | Company restructuring efforts drove a $54 million (20%) decrease in G&A to $220 million in 2013 through lower employee-related costs, professional fees and business development costs; part of a multi-year program that reduced G&A and business development costs by $143 million since 2011. No headcount affected was disclosed. | ||||||
| 2013-12-31 | divestiture_reduction | completed | 2013-04-30 | 2013-04-30 | Ukraine | Utilities (EMEA SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of two Ukrainian utility businesses completed April 2013; no headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | in_progress | 2013-09-30 | 2014-03-31 | Cameroon | Generation and Utilities (EMEA SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale agreements for AES Sonel, Kribi and Dibamba signed September 2013, held for sale; expected to close Q1 2014 subject to government approval. No headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-11-30 | 2013-11-30 | Poland | Wind generation (EMEA SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Poland wind development portfolio completed November 2013; no headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | in_progress | 2013-11-30 | 2014-01-30 | United States | Wind generation (US SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell three US wind projects (234 MW) executed November 2013; sale closed January 30, 2014. No headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | in_progress | 2013-10-31 | 2014-02-24 | India | Wind generation (Asia SBU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Saurashtra wind project executed October 2013; closed February 24, 2014. No headcount impact disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-04-26 | 2013-04-26 | Spain | Generation (EMEA SBU) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Part of 2013 program of 8 asset sale transactions ($497M equity proceeds) exiting Spain, China, Ukraine and Trinidad; no headcount impact disclosed. | |||
| 2013-12-31 | restructuring | in_progress | Global | Corporate and SBUs | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer attributes a $54M (20%) decline in G&A expense in 2013 to Company restructuring efforts reducing employee-related, professional fee and business development costs; no employee counts or severance amounts disclosed. | |||||
| 2013-06-30 | restructuring | in_progress | Global | Corporate | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | G&A expense decline attributed to company restructuring efforts reducing employee-related and professional fees costs; no employee count, charge, or timeline disclosed. | |||||
| 2013-03-31 | restructuring | completed | 2013-03-31 | 2013-03-31 | Global | Corporate | USD 26 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company restructuring efforts resulted in a decrease in employee related and business development costs. | ||
| 2012-12-31 | divestiture_reduction | completed | 2012-02-09 | 2012-02-09 | Spain | EMEA Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 80% interest in AES Energia Cartagena, a 1,199 MW gas-fired plant; deconsolidated. Headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-04-30 | 2012-04-30 | United States | US Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Red Oak (832 MW coal, NJ) and Ironwood (710 MW coal, PA) for $228 million; headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-06-28 | 2012-06-28 | France | EMEA Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of equity interest in InnoVent and controlling interest in St. Patrick wind business; headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-12-31 | 2012-12-31 | Hungary | EMEA Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% interest in Tisza II, a 900 MW gas/oil plant; net proceeds $14 million; headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-12-31 | 2012-12-31 | China | Asia Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of equity method investments in China (coal, hydro, wind); net proceeds ~$133 million; headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012-12-28 | 2012-12-28 | United States | US Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Bankruptcy liquidation of AES Eastern Energy (four NY coal plants) finalized; Company paid $47 million and assumed $25 million net pension liability; headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | announced | 2013-01-29 | 2013-06-30 | Ukraine | Corporate and Other (EMEA Utilities) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Kyivoblenergo (881,000 customers) and Rivneoblenergo (412,000 customers) for $113 million; expected impairment of $20-26 million; headcount not disclosed. | |||
| 2012-09-30 | restructuring | announced | 2012-11-01 | Global | Corporate support and subsidiary business operations | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced post-quarter on 2012-11-01; reorganization consolidates operations into market-oriented strategic business units under one COO. No employee count or charge disclosed. Filer states it will reassess segment reporting structure as a result. | ||||
| 2012-09-30 | restructuring | announced | 2012-11-01 | Global | Corporate support and subsidiary business operations | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Company announced restructuring of corporate support and subsidiary business operations to consolidate into market-oriented strategic business units. No specific headcount or charge amounts disclosed. | ||||
| 2011-12-31 | acquisition_addition | completed | 2011-04-19 | 2011-11-28 | United States (Ohio) | North America Utilities | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | AES acquired 100% of DPL Inc. (parent of Dayton Power & Light and DPLER) for total cash consideration of $3,483 million against an agreed enterprise value of $4,719 million. DPL serves over 500,000 customers and operates over 3,800 MW of generation; no assumed employee headcount was disclosed. Merger agreement dated April 19, 2011; acquisition completed November 28, 2011. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011-11-17 | Argentina | Latin America Utilities | USD 338 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale completed November 17, 2011 of 90% interests in Edelap and Edes (distribution companies serving approximately 329,000 and 172,000 customers) and 51% of Central Dique (68 MW plant) for net proceeds of approximately $4 million; loss on disposal of $338 million net of tax (including $208 million of cumulative translation losses; $346 million pre-tax). No employee headcount disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011-10 | Brazil | Latin America Utilities | USD 446 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold ownership interest (approximately 46% held through a subsidiary) in two Brazilian telecommunication companies in October 2011 for net proceeds of approximately $893 million; amount shown is a gain on disposal of approximately $446 million net of tax, not a charge. No employee headcount disclosed. | |||
| 2011-12-31 | other | completed | 2011-02-01 | United States (Connecticut) | North America Generation | other f5-10k / GLM-5.3-flash-HTML | AES Thames, a 208 MW coal-fired plant, filed Chapter 11 on February 1, 2011 and was deconsolidated the same date; conversion to Chapter 7 liquidation approved January 23, 2012. Event removes the plant's workforce from the consolidated group; no employee headcount disclosed. | ||||
| 2011-12-31 | other | completed | 2011-12-30 | United States (New York) | North America Generation | other f5-10k / GLM-5.3-flash-HTML | AES Eastern Energy and 13 affiliated entities (four coal-fired plants totaling 1,169 MW) filed Chapter 11 on December 30, 2011, with AES New York Equity filing December 31, 2011; deconsolidated effective December 31, 2011 and recorded as a cost method investment. No employee headcount disclosed. | ||||
| 2011-12-31 | other | completed | 2011-11-07 | Hungary | Europe Generation | other f5-10k / GLM-5.3-flash-HTML | AES Borsod Kft, holding two coal/biomass-fired generation plants (161 MW), entered liquidation on November 7, 2011 and was deconsolidated. No employee headcount disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2011-10 | 2012-02-09 | Spain | Europe Generation | subsequent_events f5-10k / GLM-5.3-flash-HTML | Subsequent to fiscal year-end, on February 9, 2012, AES completed the sale of 80% of the holding company of AES Cartagena (1,199 MW gas-fired plant) to a GDF SUEZ subsidiary for net proceeds of approximately €172 million ($229 million); buyer holds a fixed-price option on the remaining 20%. Company expects a $163–$179 million gain in Q1 2012. No employee headcount disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-10 | 2012-03-31 | United States (New Jersey) | North America Generation | subsequent_events f5-10k / GLM-5.3-flash-HTML | On February 10, 2012, AES signed an agreement to sell 100% of AES Red Oak, LLC and AES Sayreville (832 MW gas-fired business, New Jersey) for $147 million with the buyer assuming existing net indebtedness; expected to close by the end of Q1 2012 with no loss recognized. No employee headcount disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-23 | 2012-03-31 | United States (Pennsylvania) | North America Generation | subsequent_events f5-10k / GLM-5.3-flash-HTML | On February 23, 2012, AES signed an agreement to sell 100% of AES Ironwood (710 MW gas-fired business, Pennsylvania) to an indirect subsidiary of PPL Corporation for $87 million with the buyer assuming existing net indebtedness; expected to close by the end of Q1 2012 with no loss recognized. No employee headcount disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-04-19 | 2011-11-28 | United States (Ohio) | North America Utilities | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of DPL Inc. closed 2011-11-28; headcount added not separately disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011-11-17 | Argentina | Latin America Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Edelap, Edes and Central Dique completed 2011-11-17; headcount removed not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2011-10-31 | Brazil | Latin America Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of two Brazilian telecommunication businesses completed October 2011; headcount removed not disclosed. | ||||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | Hungary | Europe Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Borsod Kft entered liquidation 2011-11-07; two generation plants (161 MW) in Hungary; headcount not disclosed. | ||||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | United States (Connecticut) | North America Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | AES Thames (208 MW coal plant) filed Chapter 11 on 2011-02-01 and converted to Chapter 7 liquidation on 2012-01-23; headcount not disclosed. | ||||
| 2011-12-31 | plant_closure | completed | 2011-12-31 | United States (New York) | North America Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | AES Eastern Energy and affiliates filed Chapter 11 on 2011-12-30/31; four coal plants (1,169 MW); headcount not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2011-12-31 | Poland, United Kingdom | Corporate and Other (Wind Generation) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Certain wind development projects in Poland and the UK abandoned in Q4 2011; headcount not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 2011-12-31 | Asia, Latin America | Corporate and Other (Carbon reduction projects) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved sale of carbon reduction businesses in December 2011; headcount not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-09 | 2012-02-09 | Spain | Europe Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 80% interest in AES Cartagena (1,199 MW) completed 2012-02-09; headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-10 | 2012-03-31 | United States (New Jersey) | North America Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale agreement signed 2012-02-10 for AES Red Oak (832 MW); expected to close by end of Q1 2012; headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2012-02-23 | 2012-03-31 | United States (Pennsylvania) | North America Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale agreement signed 2012-02-23 for AES Ironwood (710 MW); expected to close by end of Q1 2012; headcount not disclosed. | |||
| 2011-03-31 | acquisition_addition | announced | 2011-04-20 | United States (Ohio) | Utilities | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive merger agreement to acquire DPL Inc. (Dayton Power & Light), enterprise value $4.7B; no employee count disclosed. Approvals expected within six to nine months. | ||||
| 2010-12-31 | acquisition_addition | completed | 2010-08-31 | United Kingdom (Northern Ireland) | Europe — Generation | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Ballylumford Power Station acquired in Q3 2010 (completed August 2010); no headcount associated with the acquisition is disclosed. | ||||
| 2010-12-31 | divestiture_reduction | completed | 2010-06-11 | Pakistan | Asia — Generation (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 55% ownership in Lal Pir and Pak Gen completed June 11, 2010; no headcount impact disclosed. | ||||
| 2010-12-31 | divestiture_reduction | completed | 2010-08-19 | Oman | Asia — Generation (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 35% interest in Barka completed August 19, 2010; no headcount impact disclosed. | ||||
| 2010-12-31 | divestiture_reduction | completed | 2010-10-20 | Qatar | Asia — Generation (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 55% equity interest in Ras Laffan completed October 20, 2010; no headcount impact disclosed. | ||||
| 2009-12-31 | divestiture_reduction | announced | 2009-12-13 | 2010-06-30 | Pakistan and Oman | Asia Generation | USD 150 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreements to sell Lal Pir, Pak Gen (Pakistan) and Barka (Oman) for ~$200M gross; $150M impairment ($105M net of NCI) recognized in Q4 2009. Headcount not disclosed. | ||
| 2009-12-31 | divestiture_reduction | in_progress | 2009-11-01 | Brazil | Investment in CEMIG (Southern Electric Brasil / SEB) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | November 2009 share purchase agreement to sell SEB's CEMIG shares to Andrade Gutierrez for $25M plus assumption of BNDES debt; contingent on BNDES release and judicial ratification. Headcount not disclosed. | ||||
| 2008-12-31 | restructuring | announced | 2009 | Global | Corporate regional structure; separate alternative energy group eliminated (wind moved into North America region, climate solutions managed locally) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Reorganization commenced in early 2009 (subsequent to fiscal year-end): consolidation of four regions into three (North America; Latin America & Africa; Europe, Middle East & Asia) intended to eliminate redundancies and improve cost structure. Management was still evaluating the impact on reported segments at filing. No employee counts, charges, or completion timeline were quantified. Filing date: 2009-02-26. | ||||
| 2008-12-31 | acquisition_addition | completed | 2008-04-30 | 2008-04-30 | Philippines | Asia Generation | USD 930 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of 92% interest in 660 MW Masinloc coal plant for $930M cash; headcount added not disclosed. | ||
| 2008-12-31 | divestiture_reduction | completed | 2008-05-30 | 2008-05-30 | Kazakhstan | Europe & Africa Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Ekibastuz plant and Maikuben mine for ~$1.1B; AES retained operations under a three-year management agreement, so workforce impact not quantified. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-12-15 | 2008-12-15 | China | Asia Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 70% interest in Jiaozuo 250 MW coal plant for ~$73M net; headcount removed not disclosed. | |||
| 2008-12-31 | plant_closure | completed | 2008-03-30 | 2008-03-30 | China | Asia Generation | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Settlement to shut down Hefei 115 MW oil-fueled plant; $18M impairment recognized, termination compensation of ~$39M received; employees affected not disclosed. | ||
| 2008-12-31 | divestiture_reduction | completed | 2008-11-06 | 2008-11-06 | Chile | Latin America Generation | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 9.6% ownership interest in AES Gener for $174.9M; ownership reduced from 80.2% to 70.6%. Equity stake sale only — no workforce reduction disclosed. | |||
| 2007-12-31 | acquisition_addition | completed | 2007-02 | 2007-02 | Mexico | North America Generation | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired TEG and TEP petroleum coke plants for $611M; no headcount disclosed | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-02-22 | 2007-05-16 | Venezuela | Latin America Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of EDC to PDVSA for $739M net of tax; no employee count disclosed | |||
| 2007-12-31 | plant_closure | announced | 2007-03 | 2008-03 | China | Asia Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Government ordered 115MW Hefei plant shut by March 2008; ~$30M termination compensation; no headcount disclosed | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-05 | 2007-07-16 | United States | North America Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Central Valley biomass plants (Delano, Mendota) for $51M; no headcount disclosed | |||
| 2007-12-31 | divestiture_reduction | completed | 2006-05 | 2007-05 | Argentina | Latin America Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Eden utility sale approved by Buenos Aires Province in May 2007; no headcount disclosed | |||
| 2007-12-31 | divestiture_reduction | announced | 2008-02-04 | 2008-06-30 | Kazakhstan | Europe & Africa Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Ekibastuz and Maikuben West to Kazakhmys for up to $1.48B; assets held for sale; no headcount disclosed | |||
| 2007-12-31 | acquisition_addition | announced | 2008-02 | 2008-04 | Philippines | Asia Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to buy 600MW Masinloc coal plant for $930M, primarily non-recourse financed; no headcount disclosed | |||
| 2007-09-30 | divestiture_reduction | completed | 2007-02-22 | 2007-05-16 | Venezuela | Latin America Utilities | USD 676 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of EDC to PDVSA for $739 million net of withholding taxes; $676 million impairment recognized. No employee count disclosed. | ||
| 2007-09-30 | divestiture_reduction | completed | 2007-05-01 | 2007-07-16 | United States | North America Generation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Central Valley biomass businesses (Delano and Mendota plants) for $51 million; $12 million gain recognized. No employee count disclosed. | |||
| 2006-12-31 | divestiture_reduction | completed | 2007-02-22 | 2007-05-16 | Venezuela | Latin America Utilities | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell all shares of EDC to PDVSA for US$739 million; transfer completed May 16, 2007. Headcount not disclosed. EDC served approximately one million customers with five generation plants. | |||
| 2006-12-31 | divestiture_reduction | completed | 2006-05-01 | 2006-12-31 | Argentina | Latin America Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement reached in May 2006 to sell 100% of Eden (Argentina distribution utility); classified as held for sale with $62 million impairment. Government approval pending at year-end. Headcount not disclosed. | |||
| 2006-12-31 | divestiture_reduction | completed | 2006-05-01 | 2006-09-30 | United Kingdom | Europe & Africa Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Indian Queens Power Limited (IQP) completed September 2006 for $28 million cash plus $30 million debt assumption. Headcount not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-03-31 | United States | Contract Generation (wind) | USD 85 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q1 2005 acquisition of the SeaWest wind development business for $85 million total, including $60 million for net assets and $25 million advance for Buffalo Gap pre-construction. Headcount added not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | Italy | Competitive Supply | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Ottana facility in Italy during 2005 contributed to lower EMEA competitive supply revenue. Headcount removed not disclosed. | |||||
| 2005-12-31 | divestiture_reduction | completed | 2006-03-31 | 2006-03-31 | Canada | Contract Generation | USD 110 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: March 2006 sale of AES's interest in Kingston Cogeneration (110 MW) for approximately $110 million in proceeds. Headcount removed not disclosed. | ||
| 2005-03-31 | acquisition_addition | completed | 2005-03-31 | United States | Contract Generation (wind generation) | USD 85 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closed March 2005 acquisition of SeaWest Holdings for ~$60M plus $25M for Buffalo Gap 1 pre-construction; no employee count disclosed. Adds operational control of 500 MW of wind facilities. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-12-31 | Multiple (United States, Dominican Republic, Colombia, Bolivia) | Various (contract generation, competitive supply, growth distribution) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Company discontinued seven underperforming businesses during 2004, concluding with final dispositions of Ede Este, Wolf Hollow and Granite Ridge in Q4 2004. Other 2004 dispositions: Whitefield (Mar), AES Communications Bolivia (Jun), Carbones del Cesar (Aug), Colombia I (Sep). Employee headcount impacts of the dispositions were not disclosed; MD&A and Note 19 describe the program as one consolidated divestiture effort. | ||||
| 2004-12-31 | other | completed | Cameroon | Growth Distribution (SONEL) | USD 16 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | One-time severance charge taken in 2004 at the Cameroonian utility (SONEL), disclosed only as a fixed-cost item reducing segment gross margin; number of employees affected and timing of the underlying separations were not disclosed. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-12-31 | Multiple (United States, Dominican Republic, others) | Multiple segments | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Seven underperforming businesses discontinued during 2004; final dispositions of Ede Este, Wolf Hollow and Granite Ridge completed in Q4 2004. No employee counts disclosed. | ||||
| 2004-12-31 | restructuring | completed | 2004-12-31 | Cameroon | Growth Distribution (SONEL) | USD 16 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One-time severance charge recorded in 2004 within fixed costs at the Cameroonian utility; number of employees affected not disclosed. | |||
| 2004-12-31 | restructuring | completed | Cameroon | Growth Distribution (AES SONEL) | USD 16 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One-time severance charge recorded in 2004 at the Cameroonian utility; number of employees affected not disclosed. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-12-31 | United States; Dominican Republic | Competitive Supply; Growth Distribution; Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Final dispositions of Ede Este, Wolf Hollow and Granite Ridge completed in Q4 2004 as part of a program discontinuing seven underperforming businesses; headcount removed not disclosed. | ||||
| 2004-12-31 | restructuring | completed | 2004 | 2004-12-31 | Cameroon | Growth Distribution (AES SONEL) | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | One-time severance charge taken in 2004 at AES SONEL. | ||
| 2003-12-31 | divestiture_reduction | completed | 2002-04 | 2003-01 | United States | Large utilities (CILCORP/CILCO); Medina Valley gas-fired cogeneration | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Divestiture required under PUHCA following the 2001 IPALCO merger; transaction valued at ~$1.4 billion including assumed debt, closed January 2003 (Medina Valley on February 4, 2003) generating ~$495 million net proceeds and a ~$24 million loss. Employee headcount transferred with the disposal was not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2002-12 | 2003-01 | Australia | Contract generation | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | December 2002 agreement to sell both Australian generation businesses (total price ~$171 million; ~$59 million equity value). Mt. Stuart closed January 2003 and Ecogen February 2003. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-01 | 2003-03 | United States | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | January 2003 sale agreement for $30 million plus $20 million contingent on project milestones; closed March 2003 with a ~$7 million pre-tax gain. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2002-12 | 2003-03 | South Africa | Contract generation | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Part of the December 2002 agreement to sell Kelvin and Songas to CDC Globeleq for ~$329 million including assumed debt; Kelvin closed March 2003 (combined gain ~$11 million). Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2002-12 | 2003-04 | Tanzania | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Same December 2002 CDC Globeleq agreement as Kelvin; Songas closed April 2003. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-07-29 | United Kingdom | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Substantially all physical assets and operations sold for £40 million (~$62 million); AES ceased consolidating the business upon losing control. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | 2003-07 | 2003-08 | Republic of Georgia | Contract generation (Mtkvari, Khrami); growth distribution (Telasi) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | July 2003 agreement for gross proceeds of $23 million; completed August 2003 after a $204 million pre-tax impairment recorded when the businesses were classified as held for sale. Employee headcount not disclosed. | |||
| 2003-12-31 | other | completed | 2003-09-30 | United Kingdom | Drax power station (UK merchant generation) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Deconsolidation rather than a voluntary sale: on September 30, 2003 the security trustee delivered enforcement notices following TXU's bankruptcy administration; AES lost control, discontinued consolidating Drax, and has no continuing involvement. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | 2003-12-11 | Bangladesh | Contract generation | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Both generation businesses sold to CDC Globeleq for total proceeds of $145 million (including ~$8 million of working-capital and purchase-price adjustments); ~$59 million loss recognized. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | in_progress | 2003-08-08 | 2004-06 | Bolivia | Telecommunications (AES Communications Bolivia, La Paz) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision to sell August 8, 2003; stock purchase agreement signed August 25, 2003 after a $29 million pre-tax impairment in Q3 2003. Sale expected to close during the first half of 2004 (completion date shown is end of the disclosed window). Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | announced | 2003-12-22 | 2004 | Dominican Republic | Growth distribution (EDE Este, Santo Domingo) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Company decided to sell the holding company owning 50% of the distribution business; Q4 2003 charges included a ~$60 million pre-tax impairment and ~$68 million goodwill impairment (Dominican peso devaluation and operating losses cited). Sale expected during 2004. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | announced | 2003-12-22 | United States | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Classified as held for sale December 22, 2003 with a ~$120 million pre-tax impairment charge; the business was in payment default on project debt. Buyer and completion date not disclosed. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | announced | 2003-12-22 | United States | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Classified as held for sale December 22, 2003 with a ~$201 million pre-tax impairment charge following loan defaults caused by depressed merchant prices and a forced outage. Buyer and completion date not disclosed. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | announced | 2003-12 | Colombia | Competitive supply | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Interest classified as held for sale in December 2003 with a $19 million pre-tax impairment charge. Buyer and completion date not disclosed. Employee headcount not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | 2003-04 | 2004-01-12 | Honduras | Development project (580-MW combined-cycle plant, LNG terminal, transmission lines) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Project offered for sale April 2003 after a ~$20 million capitalized-cost write-off in Q2 2003; sale completed January 12, 2004 (after fiscal year-end) for nominal consideration. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-09 | 2004-03-09 | United States | Competitive supply | subsequent_events f5-10k / GLM-5.3-flash-HTML | September 2003 agreement to sell 100% ownership; classified as held for sale at December 31, 2003; sale completed March 9, 2004 (after fiscal year-end) for nominal proceeds. Employee headcount not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-01-31 | 2003-01-31 | United States | Large Utilities | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of CILCORP and AES Medina Valley Cogen closed January 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-02-28 | 2003-02-28 | Australia | Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sales of AES Mt. Stuart (January 2003) and AES Ecogen (February 2003); headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-03-31 | 2003-03-31 | United States | Competitive Supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Mountainview closed March 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-03-31 | 2003-03-31 | South Africa | Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Kelvin closed March 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-04-30 | 2003-04-30 | Tanzania | Competitive Supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Songas closed April 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-07-29 | 2003-07-29 | United Kingdom | Competitive Supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Barry physical assets and operations closed July 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-08-31 | 2003-08-31 | Georgia | Contract Generation and Growth Distribution | USD 210 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Mtkvari, AES Khrami and AES Telasi for $23 million gross proceeds, closed August 2003, with total write-off of approximately $210 million; headcount impact not disclosed. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-11-30 | 2003-11-30 | United Kingdom | Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Medway Power Limited and AES Medway Operations Limited closed November 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-12-31 | 2003-12-31 | Pakistan and Oman | Contract Generation | USD 36 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of approximately 39% interest in AES Oasis Limited for approximately $150 million cash proceeds, December 2003; pre-tax loss of approximately $36 million; headcount impact not disclosed. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-12-11 | 2003-12-11 | Bangladesh | Contract Generation | USD 59 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Haripur and AES Meghnaghat to CDC Globeleq for $145 million total proceeds; loss on sale of approximately $59 million; headcount impact not disclosed. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-09-30 | 2003-09-30 | United Kingdom | Competitive Supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | AES lost control of Drax when security trustee delivered enforcement notices September 30, 2003; AES has no continuing involvement; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | completed | 2003-08-08 | 2003-08-08 | Bolivia | Competitive Supply | USD 29 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to sell AES Communications Bolivia with pre-tax impairment charge of $29 million; sale expected to complete during first half of 2004; headcount impact not disclosed. | ||
| 2003-12-31 | plant_closure | in_progress | 2003-08-08 | Uganda | Contract Generation | USD 76 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to discontinue construction and development of AES Nile Power (Bujagali) on August 8, 2003; write-off of approximately $76 million pre-tax; headcount impact not disclosed. | |||
| 2003-12-31 | plant_closure | in_progress | 2003-12-31 | Poland | Contract Generation | USD 23 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision in fourth quarter 2003 to discontinue development of Zeg; write-off of approximately $23 million pre-tax; headcount impact not disclosed. | |||
| 2003-12-31 | plant_closure | in_progress | 2003-04-30 | Honduras | Contract Generation | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision in April 2003 to offer El Faro development project for sale; capitalized costs of approximately $20 million written off in Q2 2003; headcount impact not disclosed. | |||
| 2003-12-31 | divestiture_reduction | announced | 2004-03-09 | 2004-03-09 | United States | Competitive Supply | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% ownership interest in AES Whitefield completed March 9, 2004 for nominal proceeds; classified as held for sale at December 31, 2003. | |||
| 2003-12-31 | divestiture_reduction | announced | 2004-01-12 | 2004-01-12 | Honduras | Contract Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of El Faro project completed January 12, 2004 for nominal consideration. | |||
| 2003-12-31 | restructuring | completed | 480 | 2001-03-27 | 2001-12-31 | United States | Corporate / IPALCO | USD 131 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Transaction and contractual severance costs related to the acquisition of IPALCO. Workforce reduced by 480 people. Costs incurred in 2001. | |
| 2003-12-31 | restructuring | completed | 187 | 2001-01-01 | 2001-12-31 | Chile | Gener | USD 9 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Employee severance plan implemented by Gener upon completion of purchase. Workforce reduced by 187 people. All costs recorded in 2001. | |
| 2003-12-31 | voluntary_separation | completed | 550 | 2000-11-01 | 2001-09-30 | United States | Other | USD 19 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Voluntary Early Retirement Programs (VERP) implemented Nov 2000 - Sep 2001. 550 qualified employees accepted. Pre-tax non-cash pension benefit costs of $19 million recognized in 2001. | |
| 2003-03-31 | divestiture_reduction | completed | 2002-04-01 | 2003-01-31 | United States | Large Utilities | USD 104 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of CILCORP (CILCO) to Ameren closed January 2003 for ~$500M cash net of expenses; $104M pre-tax goodwill impairment recorded in 2002. No employee count disclosed. | ||
| 2003-03-31 | divestiture_reduction | completed | 2002-12-01 | 2003-01-31 | Australia | Contract Generation | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Mt. Stuart to Origin Energy closed January 2003; ~$2M after-tax loss on sale. Part of ~$171M two-asset Australia disposal. No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | completed | 2002-12-01 | 2003-02-28 | Australia | Contract Generation | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Ecogen to a Babcock & Brown / Prime Infrastructure consortium closed February 2003; ~$23M after-tax gain. No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | completed | 2002-12-01 | 2003-03-31 | Tanzania | Contract Generation | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of AES Kelvin Power to CDC Globeleq (part of ~$337M package incl. Songas) closed March 2003; Songas sale closed April 2003 (subsequent event). No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | completed | 2003-01-01 | 2003-03-31 | United States | Competitive Supply | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mountainview sold for $30M (plus $20M contingent) and closed March 2003 with ~$4M after-tax gain, following a $415M pre-tax impairment in Q4 2002. No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | announced | 2003-03-31 | 2003-06-30 | United Kingdom | Competitive Supply | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | During Q1 2003 AES committed to a plan to sell AES Barry and classified it as available for sale; previously in competitive supply segment. No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | announced | 2003-03-31 | 2003-09-30 | Bangladesh | Contract Generation | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | March 2003 agreement to sell AES Haripur and AES Meghnaghat to CDC Globeleq; $437M aggregate value incl. $310M cash and assumed debt, $127M equity price. Closing subject to government and lender approvals. No employee count disclosed. | |||
| 2003-03-31 | divestiture_reduction | announced | 2003-03-31 | 2003-09-30 | Middle East / Pakistan | Contract Generation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | March 2003 announcement of sale of ~32% interest in AES Oasis Limited; expected cash proceeds ~$150M at closing. No employee count disclosed. | |||
| 2002-12-31 | voluntary_separation | completed | 27 | 2002-08 | 2002-09-01 | USD 3 (millions) | other f5-10k / GLM-5.3-flash-HTML | Subsidiary-level voluntary early retirement program implemented August 2002; offered to 56 qualified plan participants, 27 accepted; retirement effective 2002-09-01. $3 million pre-tax non-cash pension benefit cost recognized in 2002 (charge label 'other' as it is pension benefit cost, not severance). | |||
| 2002-12-31 | restructuring | in_progress | 2002-07 | Underperforming businesses incl. Drax, Barry, Gener, Dominican Republic and Argentine operations; evaluating Sul, Uruguaiana, Telasi, Eletropaulo, CEMIG | USD 2,300 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Corporate Restructuring Office established July 2002 to improve, sell or abandon underperforming businesses; no specific workforce reduction count disclosed. 2002 charges include ~$2.3 billion after-tax asset impairments (Drax, Barry, Eletropaulo, CEMIG), ~$465 million development project charges and ~$301 million discontinued operations charges. | ||||
| 2002-12-31 | other | completed | 2002-03-21 | United Kingdom | Competitive Supply | USD 53 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Fifoots Point subsidiary placed into administrative receivership by project financing lenders on 2002-03-21 after UK power prices fell below operating and debt-service costs; AES ownership terminated and $53 million investment written off (net of income taxes). | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-09 | United States | Competitive Supply | USD 29 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | 100% ownership interest sold to Constellation Energy Group; transaction closed September 2002 for approximately $260 million, producing a loss on sale of approximately $29 million. Exact agreement announcement month not stated. | |||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-06 | Brazil | Competitive Supply (telecommunications) | USD 149 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Committed in Q2 2002 to sell 51% interest in Eletronet; sale closing in two parts, first of which occurred 2002-12-31. Total 2002 loss (operations, write-downs and first closing effect) of $149 million net of income taxes. | |||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-04 | 2003-01-31 | United States | Large Utilities | USD 104 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | April 2002 agreement to sell 100% of CILCORP to Ameren Corporation; ~$1.4 billion transaction value including ~$900 million debt/preferred assumption; sale required under PUHCA following IPALCO acquisition. ~$104 million pre-tax goodwill impairment recorded in 2002. Actually closed 2003-01-31 (post year-end), generating ~$500 million net cash. | ||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-12 | 2003-02 | Australia | Contract Generation | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | December 2002 agreements to sell both Australian generation businesses (to Origin Energy and a Babcock & Brown/Prime Infrastructure consortium); total sales price ~$171 million, equity price ~$59 million at a premium to book. Mt. Stuart closed January 2003; Ecogen closed February 2003. | |||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-12 | Tanzania and South Africa | Contract Generation | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | December 2002 sale-and-purchase agreements with CDC Globeleq for 100% of Songas Limited and AES Kelvin (Pty.) Ltd for ~$329 million including debt assumption (~$116 million net equity proceeds); closings expected early to mid-2003. | ||||
| 2002-12-31 | divestiture_reduction | in_progress | 2002-12 | 2003-03 | United States (California) | Competitive Supply | USD 415 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Classified as held for sale December 2002; Q4 2002 pre-tax impairment of $415 million ($270 million after-tax) under SFAS 144. January 2003 sale agreement for $30 million plus $20 million contingent on milestones; transaction closed March 2003. | ||
| 2002-12-31 | divestiture_reduction | announced | 2003-03-21 | Bangladesh | Contract Generation | subsequent_events f5-10k / GLM-5.3-flash-HTML | March 21, 2003 agreement to sell both businesses to CDC Globeleq for ~$127 million cash plus debt assumption, subject to closing adjustments. AES book value ~$190 million as of 2003-02-28 will result in a Q1 2003 impairment loss; businesses to be reclassified as held for sale/discontinued operations in Q1 2003. | ||||
| 2002-12-31 | divestiture_reduction | announced | 2003-03-25 | Oman, Qatar, Pakistan | Contract Generation | subsequent_events f5-10k / GLM-5.3-flash-HTML | March 25, 2003 agreement to sell approximately 32% interest in AES Oasis (which holds AES Barka, AES Ras Laffan, AES LalPir and AES PakGen); ~$150 million cash at closing; expected close Q2/Q3 2003 subject to government and lender approvals. | ||||
| 2002-12-31 | restructuring | in_progress | 2002-07-01 | Global | Multiple underperforming businesses (Drax, Barry, Gener, Dominican Republic, Argentina, Sul, Uruguaiana, Telasi, Eletropaulo, CEMIG) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Office focused on improving, selling, or abandoning underperforming businesses; no employee-affected count disclosed. After-tax charges of $465M (development projects), $301M (discontinued ops), and $2.3B (Drax, Barry, Eletropaulo, CEMIG) taken in 2002. | ||||
| 2002-12-31 | restructuring | in_progress | 2002-01-01 | Global | Corporate-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Initiated early 2002; no employee headcount reduction quantified. Filer notes centralization expanded financial/control functions and may increase SG&A. | ||||
| 2002-12-31 | divestiture_reduction | completed | 2002-09-01 | 2002-09-30 | United States | Competitive Supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale closed September 2002 for approximately $260M; loss on sale approximately $29M. No headcount disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-04-01 | 2003-01-31 | United States | Large Utilities | USD 104 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced April 2002, closed January 31, 2003. Pre-tax goodwill impairment of ~$104M recorded in 2002. Transaction valued at $1.4B including assumed debt. No headcount disclosed. | ||
| 2002-12-31 | divestiture_reduction | completed | 2002-12-01 | 2003-02-28 | Australia | Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreements reached December 2002; Mt. Stuart closed January 2003, Ecogen closed February 2003. Combined sales price ~$171M (equity ~$59M). No headcount disclosed. | |||
| 2002-12-31 | divestiture_reduction | announced | 2002-12-01 | 2003-06-30 | Tanzania; South Africa | Contract Generation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreements signed December 2002 for ~$329M including assumed debt; expected to close early-to-mid 2003. Net equity proceeds ~$116M. No headcount disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-12-01 | 2003-03-31 | United States | Competitive Supply | USD 415 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax impairment of $415M ($270M after-tax) recorded Q4 2002. Sale agreement January 2003 for $30M plus $20M contingent; closed March 2003. No headcount disclosed. | ||
| 2002-12-31 | divestiture_reduction | announced | 2003-03-21 | Bangladesh | Contract Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell 100% for ~$127M cash plus debt assumption. Book value ~$190M as of Feb 28, 2003, implying impairment in Q1 2003. No headcount disclosed. | ||||
| 2002-12-31 | divestiture_reduction | announced | 2003-03-25 | 2003-09-30 | Oman; Qatar; Pakistan | Contract Generation | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cash proceeds ~$150M expected at closing; subject to government and lender approvals. No headcount disclosed. | |||
| 2002-12-31 | restructuring | completed | 480 | 2001-03-27 | 2001-12-31 | United States | Corporate / IPALCO | USD 131 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduced by 480 people related to IPALCO merger. Costs incurred in 2001 but plan completed in 2001. Included for context of ongoing restructuring environment. | |
| 2002-12-31 | restructuring | completed | 187 | 2001-01-01 | 2001-12-31 | Chile | Contract Generation | USD 9 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Gener employee severance plan completed in 2001. Workforce reduced by 187 people. | |
| 2002-12-31 | voluntary_separation | completed | 550 | 2000-11-01 | 2001-09-30 | United States | Other | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Voluntary Early Retirement Programs (VERP) implemented Nov 2000 - Sep 2001. 550 qualified employees accepted. | ||
| 2002-12-31 | voluntary_separation | completed | 27 | 2002-08-01 | 2002-09-01 | United States | Other | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | VERP implemented in August 2002. 27 participants accepted offer and retired effective September 1, 2002. Pre-tax non-cash benefit cost of $3 million recognized. | |
| 2002-06-30 | restructuring | completed | Global | Corporate | USD 0 (millions) | consolidated_statements_of_operations f5-10q / Qwen3.6-27B-Q8_0 | Line item 'Severance and transaction costs' shows $0 for the three and six months ended June 30, 2002. No employee count disclosed. | ||||
| 2002-03-31 | divestiture_reduction | announced | 2002-04-28 | 2003-03-31 | United States (Illinois) | Large Utilities | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell CILCORP Inc. and AES Medina Valley Cogen to Ameren Corporation for approximately $1.4 billion including assumed debt; no employee count disclosed. Expected close in Q1 2003. | |||
| 2002-03-31 | acquisition_addition | completed | 2002-02-06 | 2002-02-06 | Brazil | Large Utilities | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Share swap with EDF International resulted in AES gaining control of Eletropaulo (70.37% ownership) and consolidating it from February 2002; no employee headcount disclosed for the consolidation. | |||
| 2001-12-31 | restructuring | completed | 480 | 2001-03-27 | United States | IPALCO (Indianapolis-based regulated utility) | USD 131 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Workforce reduced by 480 people under termination benefit agreements triggered by the IPALCO merger completed March 27, 2001. Costs of $131 million expensed in 2001 ($94 million in Q1, $37 million in Q3) combine contractual severance with merger transaction fees; an additional $79 million was recorded in 2000 under the same plan. | ||
| 2001-12-31 | restructuring | completed | 187 | 2001-01 | Chile | Gener S.A. (Chilean generation business; contract generation segment) | USD 9 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Employee severance plan implemented upon completion of the Gener purchase in January 2001; plan was completed and all cash payments made during 2001. | ||
| 2001-12-31 | voluntary_separation | completed | 400 | 2000-11 | USD 19 (millions) | other f5-10k / GLM-5.3-flash-HTML | Voluntary Early Retirement Program implemented by an unnamed subsidiary in November 2000; 400 qualified employees accepted and elected 2001 retirement dates. $19 million pre-tax non-cash pension benefit cost recognized in 2001 (versus $57 million recognized in 2000). | ||||
| 2001-12-31 | divestiture_reduction | in_progress | United States | CILCORP / CILCO (regulated utility; large utilities segment) | MD&A f5-10k / GLM-5.3-flash-HTML | Regulatory approval of the IPALCO acquisition requires AES to divest CILCORP within two years; the divestiture process was underway at filing. Affected headcount not disclosed. | |||||
| 2001-12-31 | restructuring | in_progress | United States, Brazil, Colombia | Multiple: competitive supply (TermoCandelaria, Colombia), geoutilities, and telecommunications units (U.S. and Brazil) | USD 194 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Company exited Power Direct, Ib Valley, Power Northern, Geoutilities, TermoCandelaria and several telecom businesses during 2001; most were disposed of or abandoned, with TermoCandelaria held for sale at year-end. $194 million net-of-tax loss recorded in 2001, including approximately $147 million of disposition write-offs. Affected headcount not disclosed. | ||||
| 2001-12-31 | restructuring | completed | 480 | 2001-03-27 | 2001-12-31 | United States | IPALCO (Large Utilities) | USD 131 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Contractual severance and merger-related costs from IPALCO pooling-of-interests merger; workforce reduced by 480 people; plan fully expensed as incurred | |
| 2001-12-31 | restructuring | completed | 187 | 2001-01-01 | 2001-12-31 | Chile | Contract Generation (Gener S.A.) | USD 9 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employee severance plan implemented upon completion of Gener acquisition; completed during 2001 with all cash payments made | |
| 2001-12-31 | divestiture_reduction | in_progress | 2001-01-01 | United States, Brazil | Discontinued operations (Power Direct, Geoutilities, TermoCandelaria, Ib Valley, telecommunications) | USD 145 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Loss on disposal and impairment write-downs for businesses held for sale, net of tax; headcount not separately disclosed | |||
| 2001-12-31 | divestiture_reduction | announced | 2002-03-21 | United Kingdom | Competitive Supply (Fifoots) | USD 36 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fifoots placed in administrative receivership by lenders; AES expects to write off ~$36M investment in Q1 2002 | |||
| 2001-12-31 | restructuring | completed | 480 | 2001-01-01 | 2001-12-31 | United States | Corporate / IPALCO | USD 131 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduced by 480 people related to IPALCO acquisition. Total transaction and contractual severance costs of $131 million incurred in 2001. | |
| 2001-12-31 | restructuring | completed | 187 | 2001-01-01 | 2001-12-31 | Chile | Contract Generation | USD 9 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduced by 187 people at Gener following acquisition. Approximately $9 million cost recorded in 2001. | |
| 2001-09-30 | acquisition_addition | completed | 2000-07-15 | 2001-03-27 | United States (Indianapolis, Indiana) | Generation and Distribution (IPALCO) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | IPALCO merger completed 2001-03-27 via share exchange (0.463 AES shares per IPALCO share; ~41.5 million AES shares issued); no employee headcount for the acquired workforce is disclosed. | |||
| 2001-09-30 | restructuring | completed | 2001-03-27 | United States | Corporate / IPALCO merger-related | USD 131 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Contractual termination benefit agreements and merger-related costs from the IPALCO pooling-of-interests merger: $94M incurred in Q1 2001 plus an additional $37M of contractual severance recorded in Q3 2001, totaling $131M; expensed rather than capitalized because the combination was accounted for as a pooling. Number of employees affected is not disclosed. | |||
| 2001-09-30 | divestiture_reduction | completed | 2001-04-01 | 2001-06-30 | United States | Distribution (AES Power Direct — residential direct marketing) | USD 31 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Power Direct customers and related assets in Q2 2001 following a decision to exit residential direct-marketing electricity distribution; $31M loss reported. No employee count associated with the exit is disclosed. | ||
| 2001-09-30 | restructuring | completed | 2001-03-27 | United States | Corporate / IPALCO Integration | USD 37 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2001 contractual severance costs related to the IPALCO acquisition. Total YTD severance and transaction costs were $131 million. | |||
| 2001-09-30 | divestiture_reduction | completed | 2001-06-30 | United States | Distribution | USD -31 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Sale of customers and related assets of AES Power Direct to exit residential direct marketing. Recorded a loss on sale of $31 million. | |||
| 2001-06-30 | acquisition_addition | completed | 2000-07-15 | 2001-03-27 | United States (Indianapolis, Indiana) | Distribution (utility) | USD 94 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | IPALCO merger completed 2001-03-27 as a pooling of interests; headcount added not disclosed. Charge of $94M covers contractual termination benefits plus other merger-related investment banking, legal and other fees, expensed because pooling accounting precluded capitalization. | ||
| 2001-06-30 | divestiture_reduction | completed | United States | Distribution (residential direct marketing) | USD 31 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES sold the customers and related assets of AES Power Direct during Q2 2001 upon deciding to exit direct marketing of electricity to residential customers; $31M loss on sale. Employees affected not disclosed. | ||||
| 2001-06-30 | restructuring | completed | 2001-03-27 | United States | Corporate / General | USD 94 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Contractual liabilities associated with existing termination benefit agreements and other merger related costs for investment banking, legal and other fees related to IPALCO acquisition. | |||
| 2001-03-31 | acquisition_addition | completed | 2000-07-15 | 2001-03-27 | United States | Distribution (Indianapolis utility) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger with IPALCO Enterprises completed 2001-03-27 as a pooling of interests; IPALCO added 3,000 MW of generation and 433,000 customers. No employee headcount added was disclosed. Approximately 41.5 million AES shares issued; IPALCO options exchanged for about 346,000 AES options, with unvested IPALCO options fully vesting on the change in control. | |||
| 2001-03-31 | restructuring | completed | 2001-03-27 | United States | Corporate / IPALCO integration | USD 94 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | $94 million of contractual termination benefit and merger-related costs (investment banking, legal, other fees) incurred in connection with the IPALCO merger, expensed because the combination was accounted for as a pooling of interests. Number of employees affected was not disclosed. | |||
| 2001-03-31 | restructuring | completed | 2001-03-27 | United States | Corporate | USD 94 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Costs related to IPALCO merger, including termination benefits and fees. | |||
| 2000-12-31 | restructuring | completed | 2,500 | 2000-06 | 2000-12-31 | Venezuela | EDC (integrated electric utility, Caracas) | USD 157 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Employee severance plan recognized in EDC purchase price allocation at June 2000 acquisition close; ~2,500 positions eliminated, plan completed with all costs recorded and paid during 2000. | |
| 2000-12-31 | restructuring | completed | 2,500 | 2000-12-31 | Venezuela | EDC (Electricidad de Caracas) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employee severance plan of $157 million recorded in EDC purchase price allocation; plan completed and workforce reduced by approximately 2,500 people during 2000, with all cash payments made in 2000. | |||
| 2000-12-31 | acquisition_addition | completed | Venezuela | EDC (Electricidad de Caracas) | USD 1,700 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | June 2000 tender offer brought ownership to ~81%, later ~87%; EDC serves over 1 million customers. Headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | Argentina | Generation (Alicura) | USD 205 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | August 2000 acquisition of 59% interest in Hidroelectrica Alicura (1,000 MW); additional 39% acquired December 2000. Headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | El Salvador | Distribution (ESEH) | USD 175 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | October 2000 acquisition of Reliant's 50% interest in El Salvador Energy Holdings; three distribution companies serve 3.5 million people. Headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | Colombia | Generation (KMR Power) | USD 85 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2000 acquisition of KMR Power Corporation (TermoCandelaria 314 MW, Mamonal 100 MW). Headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | United Kingdom | Generation (Nigen) | USD 67 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | May 2000 acquisition of Tractebel Power Ltd (46% of Nigen) plus additional 6% interest; consolidation began May 12, 2000. Headcount added not disclosed. | ||||
| 2000-12-31 | acquisition_addition | announced | 2001-03-27 | 2001-03-27 | United States | Distribution (IPALCO Enterprises) | USD 2,150 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | IPALCO acquisition completed March 27, 2001 (subsequent to fiscal year-end); ~$2.15 billion plus assumption of $890 million debt/preferred. IPALCO provides retail service to 433,000 customers. Headcount added not disclosed. | ||
| 2000-12-31 | acquisition_addition | announced | 2001-02-12 | 2001-12-31 | United States, Czech Republic, Germany | Generation (Thermo Ecotek) | USD 195 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Thermo Ecotek announced February 2001; 516 gross MW operating assets plus 1,250 MW development pipeline; closings expected in two phases by end of 2001. Headcount added not disclosed. | ||
| 2000-12-31 | divestiture_reduction | in_progress | 2002-08-31 | United States | Distribution (CILCORP transmission and distribution assets) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | As a condition of the SEC PUHCA exemption order, AES required to divest CILCORP utility assets within two years of the IPALCO acquisition. Headcount affected not disclosed. | ||||
| 2000-12-31 | restructuring | completed | 2,500 | 2000-06-01 | 2000-12-31 | Venezuela | Distribution (EDC) | USD 157 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduced by approximately 2,500 people as part of EDC acquisition integration. Severance plan completed in 2000. | |
| 2000-06-30 | acquisition_addition | completed | 2000-06-12 | Venezuela (with interests in Colombia and El Salvador) | Distribution and Generation | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tender offers for C.A. La Electricidad de Caracas (EDC) and Corporacion EDC raised ownership to about 73%, later about 87%; no employee headcount disclosed for the acquired businesses. | ||||
| 2000-06-30 | acquisition_addition | announced | 2000-07-15 | 2001-03-31 | United States (Indianapolis, Indiana) | Utility holding company (Indianapolis Power & Light) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Share exchange agreement to acquire IPALCO Enterprises at $25.00 per share plus assumed debt; expected to close early 2001; no employee headcount disclosed. | |||
| 1999-12-31 | reduction_in_force | in_progress | 1999 | USD 22 (millions) | other f5-10k / GLM-5.3-flash-HTML | Severance accrued during 1999 for expected involuntary terminations of employees at companies acquired during 1999; $14 million of benefits charged against the accrual during the year, with no material unresolved adjustment issues expected. Employee count not disclosed. | |||||
| 1999-12-31 | restructuring | in_progress | Multiple | Acquired companies | USD 22 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Accrued $22M for expected involuntary termination benefits for employees of acquired companies; $14M charged during 1999. Headcount not disclosed. | ||||
| 1999-12-31 | acquisition_addition | completed | Multiple | Generation and Distribution | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multiple 1999 acquisitions including NewEnergy, CILCORP, Tiete, EDE Este, CESCO, Eletronet, AES Panama; headcount added not disclosed. | |||||
| 1999-12-31 | acquisition_addition | completed | United States, United Kingdom, Australia | Generation | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1999 asset acquisitions: Ecogen Energy (Australia), six NYSEG plants (US), Drax Power Station (UK); headcount added not disclosed. | |||||
| 1999-12-31 | other | completed | 1999 | 1999 | Global | Acquired Companies | USD 22 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Accrued $22 million for expected involuntary termination benefits for employees of companies acquired. $14 million charged against accrual during the year. | ||
| 1998-12-31 | acquisition_addition | announced | 1,800 | 1998-11-22 | 1999 | United States (central Illinois) | Regulated natural gas and electric utility (CILCORP/CILCO) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Definitive merger agreement to acquire all CILCORP shares at $65/share (approximately $885 million total). The 1,800 figure is the target's existing approximate employment of CILCORP and its subsidiaries as disclosed in connection with the pending deal, not a post-close integration count. Not closed at filing date: shareholder approval expected Q2 1999; ICC, DOJ and FTC review passed, FERC and SEC review ongoing, completion expected by mid-1999. | ||
| 1998-12-31 | acquisition_addition | announced | 1,800 | 1998-11-22 | 1999-06-30 | United States (Illinois) | Electric utility (CILCO) and energy services | USD 885 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire all CILCORP shares at $65 per share; CILCORP and subsidiaries employed approximately 1,800 people. Deal expected to close mid-1999 subject to FERC and SEC review. | |
| 1998-12-31 | acquisition_addition | announced | 1998-08-01 | 1999-06-30 | United States (New York) | Power generation (six coal-fired plants) | USD 950 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Won bid for six NYSEG coal-fired plants; no employee count disclosed. Closing expected in Q2 1999 subject to governmental approvals. | ||
| 1998-12-31 | acquisition_addition | announced | 1999-03-01 | Australia (Victoria) | Power generation (Newport and Jeeralang stations, 966 MW) | AUD 350 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Bid won after fiscal year-end (subsequent event); no employee count disclosed; completion subject to transfer of approvals and licenses. | |||
| 1998-12-31 | acquisition_addition | completed | 1998-05-01 | 1998-05-31 | United States (California) | Power generation (Alamitos, Redondo Beach, Huntington Beach; 3,956 MW) | USD 786 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired three southern California stations from Edison; no employee count disclosed. Edison continues operating the facilities until May 2000. | ||
| 1998-12-31 | acquisition_addition | completed | 1998-06-01 | 1998-06-30 | Argentina (Buenos Aires Province) | Electricity distribution (EDELAP) | USD 355 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 90% of EDELAP; one-third of that interest later sold to a PSEG subsidiary in November 1998, leaving AES with 60%. No employee count disclosed. | ||
| 1998-12-31 | acquisition_addition | completed | 1998-02-01 | 1998-02-28 | El Salvador (Santa Ana) | Electricity distribution (CLESA) | USD 97 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired approximately 80% of CLESA shares; 20% of AES's interest sold to Energia Global International in May 1998. No employee count disclosed. | ||
| 1998-12-31 | acquisition_addition | completed | 1998-12-01 | 1998-12-31 | Georgia (Tbilisi) | Electricity distribution (Telasi) | USD 26 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 75% interest from the Georgian government; no employee count disclosed. | ||
| 1998-12-31 | acquisition_addition | announced | 1999-01-01 | India (Orissa) | Power generation (OPGC, 420 MW) | USD 144 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed January 1999, after fiscal year-end; no employee count disclosed. | |||
| 1998-12-31 | acquisition_addition | announced | 1999-01-01 | Panama | Power generation (EGE Bayano and EGE Chiriqui, 282 MW) | USD 91 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased January 1999, after fiscal year-end; AES owns 49% with operational control; no employee count disclosed. | |||
| 1998-03-31 | acquisition_addition | completed | 1998-02-01 | El Salvador | Electricity distribution (CLESA) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES acquired approximately 80% of CLESA for about $96 million; no employee headcount disclosed. CLESA serves 188,000 customers. | ||||
| 1997-12-31 | restructuring | in_progress | Brazil (State of Rio Grande do Sul) | Electricity distribution (AES Sul) | USD 34 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Post-privatization severance plan at Sul, the Brazilian distribution company acquired in October 1997; plan was still being finalized at December 31, 1997, when a $34 million severance liability was recorded. No employee count or completion timeline disclosed; the severance-plan announcement date is not stated in the filing (only the October 1997 acquisition completion date). | ||||
| 1996-09-30 | acquisition_addition | completed | 1996-05-30 | Brazil | Electric power generation, transmission and distribution (Light) | USD 393 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase of an 11.35% interest in Light Servicos de Electricidade S.A.; equity-method investment, so Light employees are not consolidated into AES headcount. Headcount added not disclosed. | |||
| 1996-09-30 | acquisition_addition | completed | 1996-08 | Hungary | Electricity generation and coal mining (Tiszai Eromu Rt.) | USD 110 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase of an 81% share covering three power plants totaling 1,281 MW and a coal mine; results consolidated from August 1, 1996. Possible additional $23 million payment and agreed purchase of a further 15% of shares. Headcount added not disclosed. Note 4 dates the acquisition to August 1996 while Item 5 refers to July 1996. | |||
| 1996-09-30 | acquisition_addition | completed | 1996-08-12 | Kazakstan | Electricity generation (Ekibastuz coal-fired facility) | USD 1 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Majority controlling interest in a 4,000 MW coal-fired facility under a 35-year power purchase agreement; results consolidated from August 12, 1996. AES committed to upgrade safety, environmental and performance standards. Headcount added not disclosed. | |||
| 1996-06-30 | acquisition_addition | completed | 1996-05-31 | Brazil (Rio de Janeiro) | Electric power generation, transmission and distribution | USD 393 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES acquired an 11.35% interest in Light Serviços de Electricidade S.A. for approximately $393 million; no employee count disclosed. Light serves approximately 2.8 million customers. | |||
| 1996-06-30 | acquisition_addition | announced | 1996-08-31 | Hungary | Electricity generation (three power plants totaling 1,281 MW and a coal mine) | USD 143 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of an 81% share of Tiszai Eromu Rt. for up to $143 million; no employee count disclosed. Filing states August 1996 without a specific day. | |||
| 1996-06-30 | acquisition_addition | announced | 1996-08-12 | Kazakhstan | Electricity generation (4,000 MW Ekibastuz GRES-1 coal-fired facility) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AES acquired a minimum 70% stake with partner Suntree Ltd. and signed a 35-year power sales agreement; no employee count disclosed. Press release notes possible investment of $500 million or more over 5-6 years to upgrade the facility. |