AES Withdraws From Peruvian Privatization Process.

Business Editors

ARLINGTON, Va.--(BUSINESS WIRE)--May 15, 2002

The AES Corporation AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. (NYSE NYSE

See: New York Stock Exchange :AES) today issued the following statement:

In response to media and investor questions regarding the Peruvian privatizations of Egasa and Egesur, The AES Corporation said today that it has informed the government of Peru The government of Peru, as established by the 1993 Constitution, is a presidential representative democratic republic. Legislative branch

Main article: Congress of Peru

Executive branch

that AES does not intend to participate in the bids. The company said that it is selectively limiting its near term investment commitments. AES said it therefore intends to withdraw from the process.

For more general information visit our web site at www.aes.com or contact investor relations Investor relations

The process by which the corporation communicates with its investors. at investing@aes.com.

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Publication:	Business Wire
Date:	May 15, 2002
Words:	100
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