Subsequent Events

3 Months Ended

Mar. 31, 2020

Subsequent Event [Line Items]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

Gener — On April 16, 2020, the AES Gener shareholders approved a capital increase of $500 million to fund their renewable growth program. The Parent Company intends to participate with our pro rata share of approximately $335 million; however, the timing of the capital increase has not yet been determined.

Jordan — On April 19, 2020, one of the potential buyers of the Jordan plants notified the Company that they do not intend to move forward with sale negotiations due to the uncertain economic conditions surrounding the COVID-19 pandemic. See Note 17—Held-for-Sale and Dispositions for further information.

Tietê — On April 19, 2020, the AES Tietê board proposed rejecting an unsolicited proposal received on March 1, 2020 to merge AES Tietê with Eneva S.A. (“Eneva”). On April 21, 2020, the Company received notice from Eneva, formally withdrawing the merger proposal.