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Subsequent Events
12 Months Ended
Dec. 31, 2011
SUBSEQUENT EVENTS

28. SUBSEQUENT EVENTS

Cartagena ―The partial sale of Company's interest in Cartagena was completed on February 9, 2012. See Note 23― Acquisitions and Dispositions for further information.

Red Oak― On February 10, 2012, a subsidiary of the Company signed a sale agreement with a newly-formed portfolio company of Energy Capital Partners II, LP for the sale of 100% of its membership interest in AES Red Oak, LLC and AES Sayreville, two wholly-owned subsidiaries, that hold the Company's interest in Red Oak, an 832 MW gas-fired generation business in New Jersey, for $147 million, subject to customary purchase price adjustments. Under the terms of the sale agreement, the buyer will assume the existing net indebtedness of Red Oak. The sale is expected to close by the end of the first quarter of 2012 and the Company does not expect to recognize a loss on the sale. Red Oak is reported in the North America Generation segment.