AES Names Andrew Vesey as Executive Vice President and President, Latin America Region.

ARLINGTON, Va. -- The AES Corporation (NYSE:AES) today announced the appointment of Andrew Vesey as Executive Vice President and President, Latin America Region.

Mr. Vesey will lead AES's businesses in Latin America, which include 47 generation plants and nine utilities serving more than eight million customers across the region, including Argentina, Brazil, Chile, Colombia, Dominican Republic, El Salvador and Panama. Through its subsidiaries, AES employs approximately 9,300 people in the region.

"Mr. Vesey is a long-standing member of our Latin American senior management team. He is credited for implementing a number of very successful programs that improved our operations and contributed to our Latin America businesses' receipt of the Edison Electric Institute's prestigious Edison Award last year," said Andres Gluski, AES's Chief Operating Officer. "Under Mr. Vesey's leadership, we expect to accelerate our growth in this region, especially in Brazil, Chile and Panama, increase the size of our renewable energy portfolio and begin developing greenhouse gas emissions reduction projects."

Mr. Vesey has been with AES since 2004 and has over 29 years of experience in the electric and gas utility industry. He most recently served as Chief Operating Officer for AES's Latin America region. Before that, Mr. Vesey was Vice President and Group Manager for AES Latin America, DR-CAFTA Region, which includes El Salvador, Dominican Republic and Panama. Prior to joining AES, Mr. Vesey was a Managing Director in the Utility Finance and Regulatory Advisory Practice of FTI Consulting Inc., a Partner in the Energy, Chemicals and Utilities Practice of Ernst & Young LLP and a senior executive of Entergy in the United States and Australia.

About AES

AES is one of the world's largest global power companies, with 2007 revenues of $13.6 billion. With operations in 28 countries on five continents, AES's generation and distribution facilities have the capacity to serve 100 million people worldwide. Our 13 regulated utilities amass annual sales of over 78,000 GWh and our 121 generation facilities have the capacity to generate approximately 43,000 megawatts. Our global workforce of 28,000 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 [e-mail].

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 volume at our distribution companies and operational performance at our 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 2007 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.