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):
December 12, 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 December 12, 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: December 12, 2002	By:	/s/ William R. Luraschi
		Name:  William R. Luraschi
		Title:   Senior Vice President             and General Counsel

EX-99.1

EXHIBIT 99.1

ARLINGTON, VA, December 12, 2002 – AES subsidiary, Eletropaulo Metropolitana Electricidade de Sao Paulo S.A., announced yesterday that it had extended its pending offer to exchange any of three combinations of cash and new notes for approximately $100 million of its outstanding commercial paper that was due and unpaid on December 9, 2002. The exchange offer was originally scheduled to expire on December 4, 2002, but had been extended to December 11, 2002. The further extension announced yesterday expires on December 18, 2002. Eletropaulo has made the exchange offer as part of its ongoing efforts to restructure its outstanding indebtedness.