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AES News AES To Invest $50 Million in Advanced Clean-Coal Emissions Control Technology At AES Westover in New York

ARLINGTON, Va.--(BUSINESS WIRE)--The AES Corporation (NYSE: AES) announced today that AES Westover, a 126 MW coal-fired facility near Binghamton, NY, will begin installation of state-of-the-art multi-emissions control technology on its 84 MW Unit #8 in early 2007. AES will invest $50 million in the project, which is expected to be completed by the end of 2008.

The project will increase AES Westover’s removal rates for NO_X emissions from 60% today to 90% once the project is complete, through the use of a Selective Catalytic Reduction (SCR) system with ammonia injection. SO₂ emissions will be reduced by 95% through the use of a dry scrubber, followed by a fabric filter bag-house—a final stage in the emission control process. In addition, the combination of these technologies is also expected to reduce mercury emissions by 90%.

“AES has the cleanest coal operating fleet in New York and this project demonstrates our ongoing commitment to improving the air quality in the state. Each of AES’s coal-fired plants in New York continue to emit significantly less SO₂ and NO_x than any other coal-fired facility in the state, based on EPA data,” said Jim Mulligan, Plant Manager at AES Westover. “This technology will allow AES Westover to meet all of the requirements under the Clean Air Act while continuing to meet increasing demands for energy in New York.”

AES has committed more than $150 million to emissions control projects in upstate New York since 1999. In a similar approach to the AES Westover project, AES Greenidge, located in Dresden, NY, announced in July this year that it is testing a multi-pollution control technology as part of a demonstration project with the US Department of Energy. Since 1999, AES has reduced SO₂ and NO_x emissions by 70% at its AES Somerset and AES Cayuga facilities in New York State, and has reduced mercury emissions at both plants by more than 90%. Today, these facilities are equipped with enhanced, state-of-the-art multi-pollutant emission control equipment including Flue Gas Desulfurization (FGD) and Selective Catalytic Reduction (SCR) technology.

“AES has consistently demonstrated its commitment to supporting the environment in New York,” said Pete Norgeot, Vice President, AES Eastern Energy. “The AES Westover project will continue to help New York State meet its energy, environmental and economic development goals.”

Babcock Power Environmental will engineer and supply the equipment and Nicholsen & Hall will construct the AES Westover project.

About AES

AES is one of the world's largest global power companies, with 2005 revenues of $11 billion. With operations in 26 countries on five continents, AES's generation and distribution facilities have the capacity to serve 100 million people worldwide. Our 14 regulated utilities amassed 2005 annual sales of over 82,000 GWh and our 122 generation facilities have the capacity to generate over 44,000 megawatts. Our global workforce of 30,000 people is committed to operational excellence and meeting the world's growing power needs. To learn more about AES, please visit www.aes.com or contact AES media relations at media@aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES's current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, continued normal levels of operating performance and electricity demand at our distribution companies and operational performance at our contract generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience. Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES's filings with the Securities and Exchange Commission, including, but not limited to, the risks discussed under Item 1A "Risk Factors" in AES's 2005 Annual Report on Form 10-K. Readers are encouraged to read AES's filings to learn more about the risk factors associated with AES's business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.