Debt

3 Months Ended

Jun. 30, 2012

DEBT

7. DEBT

Non-Recourse Debt

The following table summarizes the Company's subsidiary non-recourse debt in default or accelerated as of June 30, 2012 and is in the current portion of non-recourse debt unless otherwise indicated:

	Primary Nature	June 30, 2012
Subsidiary	of Default	Default Amount		Net Assets (Liabilities)
		(in millions)
Maritza	Covenant	$	861	$	231
Sonel	Covenant		302		288
Kribi	Payment		137		(11)
Dibamba	Covenant		77		36
Saurashtra	Covenant		26		15
Kelanitissa	Covenant		10		48
Total		$	1,413

None of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under AES' corporate debt agreements as of June 30, 2012 in order to trigger an event of default or permit acceleration under such indebtedness. The bankruptcy or acceleration of material amounts of debt at such subsidiaries would cause a cross default under the recourse senior secured credit facility. It is possible that one or more of these subsidiaries could fall within the definition of a “material subsidiary” as a result of additional dispositions of assets, other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position or results of operations of an individual subsidiary, and thereby a bankruptcy or an acceleration of its non-recourse debt could trigger an event of default and possible acceleration of the indebtedness under the AES Parent Company's outstanding debt securities.