AES Executive Ned Hall Joins American Wind Energy Association Board of Directors.ARLINGTON, Va. -- The AES Corporation (NYSE:AES) today announced that Ned Hall, AES Vice President of Wind Generation, was appointed to the American Wind Energy Association (AWEA) Board of Directors. AWEA is a member association that has represented the interests of the wind energy business in the US and abroad since 1974. "At AES, we see tremendous potential for the wind sector as an increasingly viable alternative energy solution worldwide," said Ned Hall. "I am pleased to join AWEA's Board of Directors and to help further the development of wind generation in the US and globally." AES has invested approximately $265 million in wind generation since entering the business in 2004 and plans to triple its investment in wind generation over the next three years. AES currently operates 600 MW of wind facilities and is pursuing another 2,000 MW of wind projects in development, primarily in the US. In addition, the company is exploring wind power projects in Europe, China, India and Central and South America, with an emphasis on countries with existing AES businesses. Ned has been with AES since 1988. His previous positions with the company include Managing Director, Business Development, where he originated and managed AES's business development opportunities, primarily in wind and liquefied natural gas (LNG). Before that, he was Group Manager responsible for development and operations in the US and international locations. He also served as Executive Vice President, AES China Generating Company. Prior to joining AES, Ned worked for the New England Electric Company. Ned has a Master of Science degree in finance and operations management from the MIT Sloan School of Management and a Bachelor of Science degree in mechanical engineering from Tufts University, with a minor in engineering management. He is also a registered Professional Engineer in Massachusetts. (A photo is available upon request.) About AES AES is one of the world's largest global power companies, with 2005 revenues of $11.1 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 127 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. |
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