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AES News AES Joins EDTA Board of Directors

ARLINGTON, Va.--(BUSINESS WIRE)--The AES Corporation (NYSE:AES) announced today that it has joined the Electric Drive Transportation Association, and Robert Hemphill, Executive Vice President of AES, will serve as AES’s representative on the EDTA Board of Directors. EDTA is the industry association representing battery, hybrid and fuel cell transportation technologies and supporting infrastructure.

AES joins four energy companies on the EDTA Board, which also includes auto manufacturers, component suppliers, and other industry organizations.

"AES is committed to meeting a growing market need for alternative energy resources and technologies,” said Robert Hemphill. “We see electric drive as a practical way to meet our transportation needs while also supporting the environment. We are pleased to join the Board of EDTA and to work with all of EDTA’s members to support the use of electric transportation.”

“Electric drive technology is an indispensable part of the effort to create a secure and sustainable energy future,“ said EDTA President Brian Wynne. “AES’s leadership on the Board will accelerate EDTA’s efforts in Washington, DC and throughout our industry.”

AES plans to invest in excess of US$1 billion over the next three years in the alternative energy sector, including power wind generation, global climate change and liquefied natural gas. Through its global climate change business, AES is targeting the production of up to 40 million tonnes per year of emission offset credits by 2012.

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.

About EDTA

EDTA is the preeminent U.S. industry association dedicated to the promotion of electric drive as the best means to achieve the highly efficient and clean use of secure energy in the transportation sector. As a unified voice for the electric drive industry, EDTA’s membership includes a diverse representation of vehicle and equipment manufacturers, energy providers, component suppliers and end users. EDTA supports the sustainable commercialization of all electric drive transportation technologies by providing in-depth information, education, industry networking, public policy advocacy and international conferences and exhibitions. For more information on EDTA, visit www.electricdrive.org.

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.