8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported):
November 20, 2002

THE AES CORPORATION
(exact name of registrant as specified in its charter)

DELAWARE
(State of Incorporation) 333-15487
(Commission File No.) 54-1163725
(IRS Employer Identification No.)

1001 North 19th Street, Suite 2000
Arlington, Virginia 22209
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:
(703) 522-1315

NOT APPLICABLE
(Former Name or Former Address, if changed since last report)

Item 5. Other Events

          On November 19, 2002, The AES Corporation (the “registrant”) issued the press release attached as Exhibit 99.1 to this report and incorporated herein by reference.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
	THE AES CORPORATION
Date: November 20, 2002	By:	/s/ Brian Miller
		Name:  Brian Miller
		Title:   Corporate Secretary             General Counsel, North America

EX-99.1

EXHIBIT 99.1

THE AES CORPORATION WAIVES EARLY TENDER DATE

ARLINGTON, VA, November 19, 2002 — The AES Corporation (NYSE: AES) announced today that it had waived the deadline by which holders of its outstanding $300,000,000 8.75% Senior Notes due 2002 (“2002 Notes”) and $200,000,000 7.375% Remarketable and Redeemable Securities due 2013, which are puttable in 2003 (“ROARs”), must tender in order to be eligible to receive the early tender bonus payment.

Holders that tender on or prior to 5:00 p.m., New York City time, on December 3, 2002, the exchange offer expiration date, and do not withdraw such securities will, if the exchange offer is consummated, be entitled to such early tender bonus payment in the amount of $15 for each $1,000 principal amount of 2002 Notes tendered and $5 for each $1,000 principal amount of ROARs tendered.

Consummation of the exchange offer is subject to a number of significant conditions, including the condition that 80% in aggregate principal amount of the ROARSs and 80% in aggregate principal amount of the 2002 Notes are validly tendered and not withdrawn. At this time, neither 80% of the ROARs nor 80% of the 2002 Notes have been tendered.

The offering of the new senior secured notes in the exchange offer is being made only to “qualified institutional buyers” and “persons other than a U.S. person” located outside the United States, as such terms are defined in accordance with Rule 144A and Regulation S of the Securities Act of 1933, as amended.

The new senior secured notes will not be registered under the Securities Act of 1933, or any state securities laws. Therefore, the new senior secured notes may not be offered or sold in the United States absent an exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws. This announcement is neither an offer to sell nor a solicitation of an offer to buy the new notes.

CONTACT: Kenneth R. Woodcock, 703-522-1315