Aes Corp Stock Price, News & Analysis

Dayton Power & Light Company, a subsidiary of AES Corporation, announced the opening of the first Smart Operations Center in the US, located in Dayton, Ohio. This facility aims to enhance electric operations efficiency using advanced data technology, consolidating AES' Global Performance Monitoring and Analytics Center with its Remote Operations and Control Center. The center represents AES' commitment to digital transformation and job creation in Ohio, positioning the company to lead in sustainable energy solutions.

Indianapolis Power & Light Company (IPL) has reached a settlement with the EPA, DOJ, and IDEM to resolve Clean Air Act violations. This agreement aims to enhance pollution control and reduce emissions. IPL will invest $5 million in a non-emitting generation source at Petersburg Generating Station and donate ecologically significant lands. The settlement includes stringent emissions limits and is subject to court approval after a public comment period. IPL's measures over the past decade have significantly decreased harmful emissions, aligning with its integrated resource plan for affordable and diverse energy solutions.

Dayton Power & Light Company (DP&L), a subsidiary of The AES Corporation (NYSE: AES), has announced new extended payment options to assist customers facing financial difficulties due to the COVID-19 pandemic. Customers may choose from various extended payment plans, including options for residential and business accounts. The company previously suspended disconnections and late fees during the pandemic. As DP&L returns to standard operations on September 1, disconnection notifications will start on August 17, with late fees reinstated simultaneously.

The AES Corporation announced the early termination of two Power Purchase Agreements (PPAs) with its subsidiary, AES Gener, related to the Angamos coal-fired plant in Chile. This agreement allows AES Gener to accelerate payments totaling $720 million this year, reflecting the present value of fixed charges through 2029. The company plans to use approximately $200 million of these proceeds to fund renewable projects after debt repayment. AES reaffirms its 2020 guidance and growth targets through 2022, continuing its commitment to decarbonization.

The AES Corporation reported Q2 2020 results, highlighting a strategic shift towards renewables, with a commitment to reduce coal generation to below 30% by year-end. The company sold 2.0 GW of coal capacity, bringing total coal generation down to 34%. They signed or awarded 852 MW of new renewables, totaling 1.5 GW YTD. Financially, the diluted EPS was ($0.13), a decline from $0.02 in Q2 2019, while adjusted EPS was $0.25, slightly lower than the previous year. AES maintains a robust liquidity of $3.5 billion and aims for 7-9% annual growth through 2022.

AES Corporation (NYSE: AES) has made a strategic investment in 5B, a solar technology innovator from Sydney, Australia. This collaboration aims to enhance solar energy deployment with 5B's MAVERICK design, which reportedly allows the addition of solar resources three times faster and generates twice the energy within the same space compared to traditional systems. The global solar energy market is projected to reach $613 billion between 2021-2025. AES plans to utilize MAVERICK technology in multiple renewable energy projects, including 2 MW in Panama and a 10 MW expansion in Chile.

The AES Corporation announced an agreement for its subsidiary AES Holdings Brazil to acquire an 18.5% economic interest in AES Tietê S.A. for BRL 1.27 billion ($246 million). This transaction, funded through secured non-recourse debt, is expected to be accretive to AES' annual earnings by $0.01 to $0.02 per share in 2020 and beyond. Post-acquisition, AES will own 42.85% of AES Tietê, enhancing its renewable portfolio and advancing its decarbonization goals. The company plans to migrate AES Tietê to the Novo Mercado for better liquidity and governance.

The AES Corporation (NYSE: AES) has been named in Fast Company's 2020 edition of Best Workplaces for Innovators, highlighting its commitment to innovation in energy technology. AES is recognized among major corporations like Google and Amazon for fostering a work environment that encourages creative ideas. The company has implemented over 4,400 innovative projects through its APEX program, generating financial benefits exceeding $1.1 billion. AES's initiative, AES Next, focuses on identifying new energy solutions and has led to significant subsidiaries like Fluence and Uplight, enhancing its competitive edge.

The Board of Directors of AES has declared a quarterly dividend of $0.1433 per share, payable on August 18, 2020, to shareholders of record by August 3, 2020. This follows a strong financial performance, with 2019 revenues reaching $10 billion and total assets of $34 billion. The company continues to provide affordable and sustainable energy across 14 countries, showcasing its commitment to operational excellence amidst changing power needs.