AES 2Q 2006 AE SFinancial

AES CorporationSecond Quarter 2006 Financial Review

August 7, 2006

The Global Power Company

2 www.aes.com2Q06 Financial Review

Safe Harbor Disclosure

Certain statements in the following presentation regarding AES’s business operations may constitute “forward looking statements.” 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 or better 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 from investments at investment levels and rates of return consistent with prior experience. For additional assumptions see the Appendix to this presentation. 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 as well as our other SEC filings. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


10%

1%

4%

15%

(1) Includes depreciation and amortization of $239 million in 2Q2006 and $222 million in 2Q2005.(2) Non-GAAP measure. See Appendix.(3) New projects include Buffalo Gap I in the U.S. and consolidation of Itabo in the Dominican Republic.

Price/Volume/Allowances

New projects (3)

Currency

Total

Revenue ComparisonPeriod-Over-PeriodChange

($ Millions except earnings per share and percent)

Second Quarter 2006 Highlights

142%Adjusted EPS (2)

590b.p Return on Invested Capital (ROIC) (2)

138%Diluted EPS from Continuing Operations

160%

Income Before Income Taxes and Minority Interest (IBT&MI)

1,040b.p.as % of Sales

75%Gross Margin (1)

15%Revenues

$0.29

13.2%

$0.31

$483

30.3%

$919

$3,038

$0.12

7.3%

$0.13

$186

19.9%

$526

$2,6492006 2005

Second Quarter


Reconciliation of Adjusted Earnings Per Share

($ Per Share)

(1) Adjusted earnings per share (a non-GAAP financial measure) is defined as diluted earnings per share from continuing operations excluding gains or losses associate with (a) mark to market amounts related to FAS 133 derivative transactions, (b) foreign currency transaction gains and losses on the net monetary position related to Brazil, Venezuela, and Argentina, (c) significant asset gains or losses due to disposition transactions and impairments, and (d) early retirement of recourse debt. AES believes that adjusted earnings per share better reflects the underlying business performance of the Company, and is considered in the Company’s internal evaluation of financial performance. Factors in this determination include the variability associated with mark-to-market gains or losses related to certain derivative transactions, currency transaction gains or losses, periodic strategic decisions to dispose of certain assets which may influence results in a given period, and the early retirement of corporate debt.

Debt Retirement (Gains)/Losses

Net Asset (Gains)/Losses and Impairments

Diluted Earnings Per Share From Continuing Operations

FAS 133 Mark-to-Market (Gains)/Losses

Currency Transaction (Gains)/Losses

Adjusted Earnings Per Share(1)

--

$0.12

--

$0.13

0.02

(0.03)

--

$0.29

--

$0.31

(0.01)

(0.01)

2006 2005Second Quarter

--

$0.29

--

$0.31

0.02

(0.04)

0.03

$0.72

(0.13)

$0.85

(0.02)

(0.01)

2006 2005

Six Months Ended June 30,


Second Quarter 2006 Earnings Bridge

(1) Non-GAAP measure. See Appendix.Note: Certain elements are rounded.

2Q05Diluted EPS

From Continuing Operations

2Q06 Adjusted

EPS (1)

Higher Gross Margin

(Primarily Price,

Currency and Volume,

Pre-Tax)

Higher Income Taxes & Minority InterestExpense

(Net of 2005 Brazil Items)

2Q06Diluted

EPSFrom

ContinuingOperations

AdjustedEPS

Factors

Lower IBT&MI (Net of Gross

Margin, Interest

Expense, Brazil Tax Reversal, Pre-Tax)

2005 Brazil Receivables Reserve and

Tax Reversal, After-Tax)

$0.13

$0.31$0.29

$(0.14)$0.30

$(0.09)

$0.06

$(0.02)

$0.05

Lower Interest

Expense, Pre-Tax


2005 (2)

Second Quarter Cash Flow Highlights

Subsidiary Distributions (1)

Return of Capital from Subsidiaries (1)

Recourse Debt Repayment

Subsidiary Net Cash from Operating Activities (1)

Net Cash from Operating Activities

Free Cash Flow (1)

($ Millions)

$177

$29

$0

$1,316

$434

$243

2006

(1) Non-GAAP measure. See Appendix. Excludes $53 and $29 million in proceeds from the net sale of allowances included in investing activities in 2006 and 2005 periods, respectively.

(2) Results exclude businesses placed in discontinued operations effective June 30, 2006.

Subsidiary-Only

Consolidated

Parent-Only$170

$50

$115

$496

$328

$182

Second Quarter


Second QuarterSubsidiary Distributions

(1) Non-GAAP measure. See Appendix.

($ Millions)

88% of Second Quarter 2006 distributions were from North American Regulated Utilities and Worldwide Contract Generation.

TotalAsia &

Middle EastEurope &

AfricaLatin

AmericaNorth

America

$74$0$10$0$64RegulatedUtilities

$91$25$17$31$18Contract Generation

$177$25$27$38$87Total (1)

$12$0$0$7$5Competitive Supply

Second Quarter 2006 Subsidiary Distributions(1)


1%

8%

9%

($ Millions except as noted)

Second Quarter Segment Highlights Regulated Utilities

Revenues

Gross Margin

as % of Sales

IBT&MI

$1,506

$408

27.1%

$274

$1,376

$112

8.1%

$84

Volume/Price/Mix

Currency (Net)

Total

Revenue Comparison (QOQ) % Change

9%

264%

1,900b.p.

226%

2006 2005%

Change Segment HighlightsSecond Quarter

• Revenues increased primarily from favorable foreign exchange rates in Latin America and higher fuel cost pass-through pricing in North America. These were partially offset by higher intercompany revenue elimination in Latin America.

• Gross margin and gross margin as a percent of sales increased mostly due to 2005’s $192 million receivables reserve in Brazil, together with favorable foreign exchange rates.

• IBT&MI increased on higher gross margin partially offset by a $70 million Brazil business tax reserve reversal in 2005.


19%

2%

--

21%


Second Quarter Segment Highlights Contract Generation

Revenues

Gross Margin

as % of Sales

IBT&MI

$1,199

$415

34.6%

$282

$988

$353

35.7%

$211

Volume/Price/Mix

New projects

Currency (Net)

Total


21%

18%

(110)b.p

34%

2006 2005%


• The increases are driven primarily by higher demand in Pakistan, higher demand and pricing in Latin America and the consolidation of Itabo in the Dominican Republic.

• Gross margin increased due to the higher demand and pricing partially offset by higher maintenance costs in North America. The decline in Gross Margin as a percent of sales is driven by the higher dispatch in Pakistan and higher North America maintenance costs.

• IBT&MI increase is mostly the result of increased gross margin.

(1) New projects include Buffalo Gap I in the U.S. and consolidation of Itabo in the Dominican Republic.


18%

(1%)

17%


Second Quarter Segment Highlights Competitive Supply

Revenues

Gross Margin

as % of Sales

IBT&MI

$333

$96

28.8%

$87

$285

$61

21.4%

$53

Volume/Price/Mix

Currency (Net)

Total


17%

57%

740b.p.

64%

2006 2005%


• Revenues increased primarily as a result of better prices and volume in New York, higher prices in Argentina, and higher volume and prices in Kazakhstan, partially offset by lower emissions sales.

• Gross margin and gross margin as a percent of sales increased due to the better pricing.

• IBT&MI increases is mostly the result of increased gross margin.


2006 Financial Guidance Update:Income Statement

2006 Guidance Element

Revenue Growth (% change)

Gross Margin

Business Segment Income Before Tax & Minority Interest(Excludes Corporate Costs of $550 Million)(1)

Allocated by Segment as % of Total• Regulated Utilities• Contract Generation• Competitive Supply

Diluted Earnings Per Share From Continuing Operations

Adjusted Earnings Per Share Factors(2)

Adjusted Earnings Per Share(2)

(1) Prior guidance was $625 million. Updated guidance includes Kingston sale gain recorded in corporate costs.(2) Non-GAAP measure. See Appendix.

Contains Forward Looking Statements

Updated Guidance

7 to 8%

$3.5 to $3.6 billion


42%40%18%

$1.05

($0.04)

$1.01

Prior Guidance

4 to 5%

$3.2 to $ 3.3 billion

$2.3 billion

44%38%18%

$0.96

$0.01

$0.97


2006 Guidance Element

Net Cash From Operating Activities

Maintenance Capital Expenditures

Free Cash Flow(1)

Subsidiary Distributions(1)

Parent Investments and Capital Expenditures(2)

2008 Financial Targets(3)

• Diluted EPS from Continuing Operations(4)

• Gross Margin

• Return on Invested Capital(1)

• Net Cash Provided by Operating Activities

(1) Non-GAAP measures. See Appendix.(2) Excludes other sources of funds. Total 2006 property additions are estimated to be $1.7 to $1.8 billion, including certain growth projects not

yet awarded. Maintenance capital expenditures are expected to be $800 to $900 million, and growth capital expenditures are expected to be $800 million to $1 billion.

(3) Guidance includes growth projects committed to in 2004 and prior years. (4) Based on 16-19% per year growth in diluted EPS from continuing operations from $0.56 per share 2003 base (pre-restatement).Note: Certain foreign exchange and interest rate sensitivities previously provided have not been updated.


Updated Guidance


$800 to $900 million


$1.0 billion


$1.18 to $1.34

$3.5 billion

11%


2006 Financial Guidance Update:Cash Flow and Sensitivities

Prior Guidance




$1.0 billion


$1.18 to $1.34

$3.5 billion

11%



Appendix


New Format Prior Format

Contract GenerationCompetitive SupplyRegulated Utilities

Segment Reporting Changes

Business Segments:


Contract GenerationCompetitive SupplyRegulated Utilities

Europe & AfricaBulgariaCameroonCzech RepublicHungaryItalyKazakhstanNetherlandsNigeriaSpainUkraineUnited Kingdom

North AmericaUS/Puerto RicoMexico

Asia & MEChinaIndiaOmanPakistanQatarSri Lanka

Latin AmericaArgentinaBrazilChileColombiaDominican RepublicEl SalvadorPanamaVenezuela

Geographic Segments:

North AmericaUS/Puerto RicoMexico

Europe/Africa/Middle EastBulgariaCameroonCzech RepublicHungaryItalyNetherlandsNigeriaOmanPakistanQatarSpainUkraineUnited Kingdom

Note: Changes are shown in Bold

AsiaChinaIndiaKazakhstanSri Lanka

Latin AmericaArgentinaBrazilChileColombiaDominican RepublicEl SalvadorPanamaVenezuela


(1) Non-GAAP financial measure. See Appendix.(2) Includes redemption of 8.875% Sr. Subordinated notes due 2027 (approximately $115 million aggregate principal amount plus a make-whole

premium of $35 million in the first quarter of 2006.

Parent Sources and Uses of Cash

Total Uses

Sources

Ending Liquidity(1)

Changes in Letters of Credit and Other, Net

Cash Payments for Interest

Cash for Development, Selling, General and Administrative and Taxes

Investments in Subsidiaries, Net

Repayments of Debt(2)

Uses

Total Sources

Beginning Liquidity(1)

Total Returns of Capital Distributions and Project Financing Proceeds

Increased Senior Unsecured Credit Facility Commitments

Refinancing Proceeds, Net

Proceeds from Asset Sales, Net

Total Subsidiary Distributions(1)

($ Millions)

Issuance of Common Stock, Net

($1,469)

Second Quarter2006

(645)

(381)

(132)

(64)

(247)

$--

$1,469

1,063

29

100

--

80

$177

20

($1,777)

Six Month Ended June 30,

2006

(645)

(292)

(209)

(137)

(344)

($150)

$1,777

624

29

600

--

188

$308

28


Parent Debt (Including Letters of Credit) at 12/31/05Debt Reconciliation

$4,878Parent Debt (Excluding Letters of Credit) at 6/30/06

(583)Less: Letters of Credit Outstanding at 6/30/06

(1) $5,176

Discretionary Debt Repayments:(115)Prepayment of Debt

$5,461Parent Debt (Including Letters of Credit) at 6/30/06

400Other

--Scheduled Debt Maturities:

Second Quarter 2006 Reconciliation of Changes to Debt Balances

($ Millions)

(1) Amount reflects recourse debt of $4,882 million and $294 million of letters of credit under the parent revolver. Revolver availability at 12/31/05 was $356 million.

(2) Other includes $289 million increase in letters of credit, a $100 million draw on the revolving credit facility, a $3 million change in unamortized discounts, and an $8 million increase due to foreign currency changes.

(2)


$630

(372)12

(35)439

124(13)(16)

--(72)(14)(9)

(379)

108827

--(1,125)

(37)8

135(59)

5

(138)

113(5)

1,148

$1,256

($ Millions) ConsolidatedEliminationsAES Corp (1)Subsidiaries

(1) Includes activity at qualified holding companies.(2) Consolidated depreciation and amortization was $239 million in 2Q2006 and $222 million in 2Q2005.Note: Certain amounts have been netted, condensed and rounded for presentation purposes.

Second Quarter 2006 Consolidated Cash Flow

$(32)

11(26)

(132)31-----

----

(52)(2)--

(7)

(177)

--5020--

(2)--

53(13)(8)

100

(109)(3)

190

$78

$(164)

----

167(35)

----------

------

132

------

144----

(188)72--

28

(4)----

$(4)

$434

(361)(14)

----39

124(13)(16)(52)(74)(14)(16)

(424)

10887720

(981)(39)

8----

(3)

(10)

--(8)

1,338

$1,330

Net Cash from Operating Activities (2)

Property AdditionsProject Development CostsInvestment in SubsidiariesReturns of Capital from SubsidiariesProceeds from the Sales of AssetsProceeds from the Sales of Emission Allowances, netProceeds from the Sale of BusinessAcquisitions - Net of Cash AcquiredSale of Short Term InvestmentsPurchase of Long Term Available for Sale SecuritiesIncrease in Restricted CashIncrease in Debt Service Reserves and Other AssetsOther

Net Cash Used in Investing Activities

Financing Proceeds for Growth Capital ExpendituresFinancing Proceeds from Other Financings Including RefinancingsIssuance of Common StockRepayments of Debt, Net (Including Refinancings)Payments of Deferred Financing CostsDistributions to Minority InterestsEquity Contributions by ParentDistributions to ParentOther Financing

Net Cash (Used in) Provided by Financing Activities

Total Increase (Decrease) in Cash & Cash EquivalentsEffect of Exchange Rate Changes on CashCash & Cash Equivalents, Beginning

Cash & Cash Equivalents, Ending


$1,316

(570)(1)

(44)247

53124(13)

(184)--

(93)(5)

(12)

(714)

1251,167

--(1,707)

(46)(8)

160(186)

(1)

(496)

10631

1,119

$1,256

($ Millions) ConsolidatedEliminationsAES Corp (1)Subsidiaries

(1) Includes activity at qualified holding companies.(2) Consolidated depreciation and amortization was $473 million in the six months ended June 30, 2006 and $439 million in the six months ended June 30, 2005.Note: Certain amounts have been netted, condensed and rounded for presentation purposes.

Six Months Ended June 30, 2006 Consolidated Cash Flow

$25

(23)(26)

(248)30----

110----

(52)(2)--

(8)

(219)

--10028

(150)(9)--

53(13)(2)

7

(187)(3)

268

$78

$(364)

----

292(54)

----------

------

238

------

136----

(213)199

--

122

(4)----

$(4)

$977

(593)(27)

----7

53234(13)

(184)(52)(95)(5)

(20)

(695)

1251,267

28(1,721)

(55)(8)----

(3)

(367)

(85)(28)

1,387

$1,330

Net Cash from Operating Activities (2)

Property AdditionsProject Development CostsInvestment in SubsidiariesReturns of Capital from SubsidiariesProceeds from the Sales of AssetsProceeds from the Sales of Emission Allowances, netProceeds from the Sale of BusinessAcquisitions - Net of Cash AcquiredSale of Short Term InvestmentsPurchase of Long Term Available for Sale SecuritiesIncrease in Restricted CashIncrease in Debt Service Reserves and Other AssetsOther

Net Cash Used in Investing Activities

Financing Proceeds for Growth Capital ExpendituresFinancing Proceeds from Other Financings Including RefinancingsIssuance of Common StockRepayments of Debt, Net (Including Refinancings)Payments of Deferred Financing CostsDistributions to Minority InterestsEquity Contributions by ParentDistributions to ParentOther Financing

Net Cash (Used in) Provided by Financing Activities

Total Increase (Decrease) in Cash & Cash EquivalentsEffect of Exchange Rate Changes on CashCash & Cash Equivalents, Beginning

Cash & Cash Equivalents, Ending


Reconciliation of Subsidiary Distributions and Parent Liquidity

($ Millions)

See following page for further information.

Total subsidiary distributions& returns of capital to Parent

Subsidiary distributions to ParentNet distributions to/(from) QHCsTotal subsidiary distributions

Returns of capital distributions to ParentNet returns of capital distributions to/(from) QHCs

Total returns of capital distributions

Combined distributions & return of capitalreceived

Less: combined net distributions & returnsof capital to/(from) QHCs

Total subsidiary distributions & returns of capital to Parent

Liquidity

Availability under revolverCash at QHCsEnding liquidity

Cash at Parent

--

Mar. 31,2006

$132--

132

--

--

132

--

$132

Dec. 31,2005

$354--

354

5

--5

359

--

$359

Sept. 30,2005

$274

274

--

----

274

--

$274

June 30,2005

$170--

170

37

1350

220

(13)

$207

Quarter EndedJune 30,

2006

$177--

177

29

--29

206

--

$206

17$1,063

Mar. 31,2006

$148898

6$624

Dec. 31,2005

$262356

9$436

Sept. 30,2005

$146281

Balance as of

19$379

June. 30,2005

$145215

$645

June 30,2006

$71567

7


Assumptions

Forecasted financial information is based on certain material assumptions. Such assumptions include, but are not limited to: (a) no unforeseen external events such as wars, depressions, or economic or political disruptions occur; (b) businesses continue to operate in a manner consistent with or better than prior operating performance, including achievement of planned productivity improvements including benefits of global sourcing, and in accordance with the provisions of their relevant contracts or concessions; (c) new business opportunities are available to AES in sufficient quantity so that AES can capture its historical market share or increase its share; (d) no material disruptions or discontinuities occur in GDP, foreign exchange rates, inflation or interest rates during the forecast period; (e) negative factors do not combine to create highly negative low-probability business situations; and (f) material business-specific risks as described in the Company’s SEC filings do not occur. In addition, benefits from global sourcing include avoided costs, reduction in capital project costs versus budgetary estimates, and projected savings based on assumed spend volume which may or may not actually be achieved. Also, improvement in certain KPIs such as equivalent forced outage rate and commercial availability may not improve financial performance at all facilities based on commercial terms and conditions. These benefits will not be fully reflected in the Company’s consolidated financial results.

The cash held at qualifying holding companies (QHCs) represents cash sent to subsidiaries of the Company domiciled outside of the U.S. Such subsidiaries had no contractual restrictions on their ability to send cash to AES, the Parent Company. Cash at those subsidiaries was used for investment and related activities outside of the U.S. These investments included equity investments and loans to other foreign subsidiaries as well as development and general costs and expenses incurred outside the U.S. Since the cash held by these QHCsis available to the Parent, AES uses the combined measure of subsidiary distributions to Parent and QHCs as a useful measure of cash available to the Parent to meet its international liquidity needs. AES believes that unconsolidated parent company liquidity is important to the liquidity position of AES as a parent company because of the non-recourse nature of most of AES’s indebtedness.


Definitions of Non-GAAP Measures

• Adjusted earnings per share (a non-GAAP financial measure), is defined as diluted earnings per share from continuing operations excluding gains or losses associated with (a) mark-to-market amounts related to FAS 133 derivative transactions, (b) foreign currency transaction impacts on the net monetary position related to Brazil, Venezuela, and Argentina, (c) significant asset gains or losses due to disposition transactions and impairments, and (d) early retirement of recourse debt. AES believes that adjusted earnings per share better reflects the underlying business performance of the Company, and are considered in the Company’s internal evaluation of financial performance. Factors in this determination include the variability associated with mark-to-market gains or losses related to certain derivative transactions, currency gains and losses, periodic strategic decisions to dispose of certain assets which may influence results in a given period, and the early retirement of corporate debt.

• Free cash flow – Net cash flow from operating activities less maintenance capital expenditures. Maintenance capital expenditures reflect property additions less growth capital expenditures.

• Liquidity – Cash at the parent company plus availability under corporate revolver plus cash at qualifying holding companies (QHCs).

• Return on invested capital (ROIC) – Net operating profit after tax (NOPAT) divided by average capital. NOPAT is defined as income before tax and minority expense plus interest expense less income taxes less tax benefit on interest expense at effective tax rate. Average capital is defined as the average of beginning and ending total debt plus minority interest plus stockholders’ equity less debt service reserves and other deposits.

• Subsidiary Distributions – Cash distributions (primarily dividends and interest income) from subsidiary companies to the parent company and qualified holding companies. These cash flows are the source of cash flow to the parent to meet corporate interest, overhead, cash taxes, and discretionary uses such as recourse debt reductions and corporate investments.


Property Additions ($ Millions)Second Quarter


Maintenance Capital Expenditure

Growth Capital Expenditures

Property Additions

$146

114

$260

$191

170

$361

2006 2005

$270

261

$531

$366

227

$593

2006 2005

Reconciliation of Cash Flow Items

Subsidiaries

$630Second Quarter 2006

Net Cash from Operating Activities ($ Millions)

$1,316Six Months Ended June 30, 2006

AES Corp & QHCs (1)

$(32)

$25

Eliminations

$(164)

$(364)

Consolidated

$434

$977

Reconciliation of Free Cash Flow ($ Millions)Second Quarter


Net Cash from Operating Activities

Less: Maintenance Capital Expenditures

Free Cash Flow

$328

(146)

$182

$434

(191)

$243

2006 2005 (2)

$845

(270)

$575

$977

(366)

$611

2006 2005 (2)

(1) Includes activity at qualified holding companies.(2) Results exclude businesses placed in discontinued operations effective June 30, 2006.


6256591,461201

491Reported Interest Expense

Effective Tax Rate(3)

Net Operating Profit After Tax(1)

Net Operating Profit After Tax

Income Tax Expense(2)

IBT&MI

Average Capital(6)

Total Capital

Debt Service Reserves and Other Deposits

Total Capital(5)

Stockholders’ Equity

Minority Interest

Total Debt

Second Quarter Calculations ofReturn on Invested Capital

(1) Net operating profit after tax, a non-GAAP financial measure, is defined as income before tax and minority interest expense (IBT&MI) plus interest expense less income taxes less tax benefit on interest expense at the effective tax rate.

(2) Income tax expense calculated by multiplying the sum of IBT&MI and reported interest expense for the period by the effective tax rate for the period.(3) Effective tax rate calculated by dividing reported income tax expense for the period by IBT&MI for the period.(4) Return on invested capital (ROIC), a non-GAAP financial measure, is defined as net operating profit after tax divided by average capital calculated over rolling 12 month basis.(5) Total capital, a non-GAAP financial measure, is defined as total debt plus minority interest plus stockholders’ equity less debt service reserves.(6) Average capital is defined as the average of beginning and ending total capital over the last 12 months.

($ Millions except percent)

ROIC(4)

Rolling Twelve Months

Second Quarter 2006

$21,592

(612)

2,451

2,256

$17,497

$20,879

SecondQuarter

2006

SecondQuarter

2005

$20,072

$20,165

(593)

$18,086

1,462

1,210

497

330

28.2%

2,752

(1,080)

1,824

$2,008

13.2%

$484

(285)

First Quarter

2005

448

ThirdQuarter

2005

502

$408

Fourth Quarter

2005

29.3% 31.4%

(273)(284)

475

$186

Second Quarter

2005

43.0%

377

$226

(494)

ThirdQuarter

2004

$204

Fourth Quarter

2004

39.2%

511

(330)

466

$375

7.3%

1,929

$991

49.9%

(1,459)

Rolling Twelve Months

Second Quarter 2005

54.4% 71.1%

(393) (203)

442

$483

Second Quarter

2006

21.9%

722

432

$633

First Quarter

2006

30.0%

(320)

745

SecondQuarter

2004

$19,978

(574)

$18,185

981

1,386

AES 2Q 2006 AE SFinancial

Economy & Finance

Transcript of AES 2Q 2006 AE SFinancial