Welcome to our dedicated page for Aes news (Ticker: AES), a resource for investors and traders seeking the latest updates and insights on Aes stock.
The AES Corporation reports news on its global power business, including electricity generation assets, utility operations, and a portfolio that includes renewable energy, gas, coal, and oil facilities. Company updates commonly cover operating and financial results, portfolio and contract matters, shareholder voting items, and capital-structure actions tied to its debt and credit arrangements.
Recent AES news also includes consent solicitations and amendments involving senior notes, along with governance and security-holder matters. These items frame AES as a NYSE-listed power company whose recurring disclosures connect generation operations, utility ownership, and corporate finance activity.
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.
Indianapolis Power & Light Company (IPL) has announced new payment options to support customers facing financial challenges due to the COVID-19 pandemic. The company, under The AES Corporation (NYSE: AES), has suspended disconnections for nonpayment and introduced flexible payment plans of 3, 6, 9, or 12 months. Additionally, IPL is providing $75,000 in grant assistance through its Power of Change fund. Customers will receive communication regarding overdue balances, and IPL is enhancing self-service options on its website and phone system to facilitate smoother payment processes.
The AES Corporation (NYSE: AES) will conduct a conference call on August 6, 2020, at 9:00 a.m. EDT to discuss its Q2 2020 financial results. The call will feature prepared remarks followed by a Q&A session and is open to the public via telephone and webcast. Participants can join by calling 1-888-317-6003 or +1-412-317-6061 for international callers. Access to the webcast and presentation materials will be available on the AES website.
On June 30, 2020, AES announced the sale of its 100% equity interest in the Itabo power plant in the Dominican Republic for approximately $101 million to Grupo Linda. This deal includes a 260 MW coal-fired plant and a 35 MW gas turbine. The sale aligns with AES's strategy to decarbonize its portfolio, aiming to reduce coal generation to below 30% by year-end 2020 and less than 10% by 2030. AES maintains 697 MW of generation capacity in the region post-sale and reaffirms its 2020 Adjusted EPS guidance between $1.32 and $1.42.
AES Corporation (NYSE: AES) announced the sale of its entire equity interest in the 1,740 MW OPGC 1&2 coal-fired power plants in Odisha, India, to Adani Power Limited. This transaction will reduce AES' coal generation from 45% to 35%. The company aims to decommission more coal plants and increase renewable energy generation, targeting below 30% coal by year-end and less than 10% by 2030. AES reaffirms its 2020 Adjusted EPS guidance of $1.32 to $1.42 and Parent Free Cash Flow expectations of $725 to $775 million.