ARLINGTON, Va.–March 26, 2008–The AES Corporation (NYSE:AES) today announced the appointment of Ned Hall as Executive Vice President and President, AES Wind Generation.
Mr. Hall will lead AES’s wind generation business which currently has more than 1,000 MW of wind generation in operation and 5,000 MW of wind projects in various stages of development around the world including Bulgaria, China, France, Greece, Scotland, Turkey and the US.
“Renewable energy is one of the most dynamic areas of our business and accounts for 20 percent of AES’s global generation capacity,” said Paul Hanrahan, AES President and Chief Executive Officer. “Ned’s leadership of our global wind generation business since AES first entered the wind market in 2004 has helped us become one of the fastest growing wind generators in the US. Ned has proven himself to be the right person to lead this business as we continue to aggressively grow our wind energy portfolio not only in the US, but around the world.”
Mr. Hall has been with AES since 1988 and is a member of the American Wind Energy Association (AWEA) Board of Directors. Most recently he was Vice President and President, AES Renewable Generation. His previous positions with the company include Managing Director, Business Development and Executive Vice President, AES China Generating Company.
Mr. Hall 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. (A photo is available upon request.)
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 [email protected]
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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.
CONTACT: AES Corporation
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