AES Expands Leadership Team

      New Organization Aligns Regional Business Units to Drive Performance

ARLINGTON, Va.--(BUSINESS WIRE)--May 5, 2005--The AES Corporation (NYSE: AES -
News) today announced the expansion of its leadership team and a new regional
organizational structure to drive business performance and position the company
for long-term quality growth.

The new structure includes the addition of four regional presidents to lead
AES's businesses in 27 countries. The regional presidents will report to AES's
President and Chief Executive Officer, Paul Hanrahan. The businesses will be
aligned on a regional basis as compared to the previous business line structure.
The organizational changes also streamline some corporate functions in order to
more effectively support AES businesses around the globe.


"Our previous organizational structure by business lines was very successful and
allowed us to achieve strong financial results over the past two years," said
Hanrahan. "The timing is right to move the organization to the next level of
business performance. The regional alignment will allow us to capture the
benefits of regional integration, both in terms of our existing businesses and
future expansion opportunities."


AES's four new regional business groups and leaders include:

     o    North America. David Gee will serve as regional President of the North
          America group. Gee has led AES's strategy group since 2004. Prior to
          joining AES, he was with PG&E Corporation, McKinsey and Company, Inc.
          and Baker Hughes.
     o    Latin America. Andres Gluski will serve as regional President of the
          Latin America group. Since joining AES in 2000, Gluski has held
          several senior leadership positions. He led the company's business in
          the Caribbean and Central America and served as Chairman and CEO of
          Electricidad de Caracas in Venezuela and of Gener in Chile. Prior to
          joining AES, he worked in executive positions in the Venezuelan
          government, multilateral and financial institutions and private
          utilities.
     o    Asia. Haresh Jaisinghani will serve as regional President of the Asia
          group. Since joining AES in 1994, Jaisinghani has held senior
          leadership positions in Asia and the Pacific region, where he worked
          in business development and subsequently led the company's business
          operations.
     o    Europe, Africa and the Middle East. Shahzad Qasim will serve as
          regional President of the Europe, Africa and Middle East group. Since
          joining AES in 1992, Qasim has held senior leadership positions in the
          Middle East and North Africa, where he worked in business development
          and subsequently led the company's business operations. Before joining
          AES, he was with the consulting firms McKinsey and Company, Inc. and
          Stone and Webster Management Consultants.

Other AES leaders will be assuming new responsibilities on the leadership team.
William Luraschi will lead Corporate Development and Strategy. He formerly
served as General Counsel. He has been with AES since 1993 and played a
significant role during the company's restructuring, leading its successful
asset sales program. Brian Miller was named General Counsel and will continue to
serve as Corporate Secretary. He joined the company in 2001 and most recently
served as Deputy General Counsel and Corporate Secretary.

Hanrahan also announced the creation of a corporate Business Excellence group
which will consolidate many of the corporate functions into one group
responsible for performance improvement and providing support to AES's regional
businesses. Jay Kloosterboer will lead this function. Kloosterboer served as
Chief Human Resources Officer since 2003. Prior to joining AES, Jay Kloosterboer
held senior positions at Honeywell International and also worked at General
Electric.

The members of the Executive Office, which has key decision-making authority for
the company on management and operational issues, remain: Richard Darman,
Chairman; Paul Hanrahan; Robert Hemphill; William Luraschi; John Ruggirello; and
Barry Sharp.

About AES

AES is a leading global power company, with 2004 sales of $9.5 billion. AES
operates in 27 countries, generating 44,000 megawatts of electricity through 120
power facilities and delivers electricity through 15 distribution companies. Our
30,000 people are committed to operational excellence and meeting the world's
growing power needs. To learn more about AES, please visit www.aes.com or
contact media relations at



media@aes.com.

--------------------
Contact:
     The AES Corporation
     Media:
     Robin Pence, 703-682-6552
     or
     Investor:
     Scott Cunningham, 703-682-6336