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FEATURE STORY
AES Huntington Beach makes a big splash
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Company Confidential
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Greetings!
Yesterday, AES announced its fourth quarter and full year 2013 financial results. Andrés Gluski, our President and CEO commented, "In 2013, we achieved our key operational and financial goals and made significant progress on executing our strategy." Despite the challenges of dry hydrological conditions in Latin America and a provision related to potential customer refunds at Eletropaulo in Brazil, Adjusted EPS results for the year increased 7%, as a result of capital allocation decisions, lower global G&A and a lower than expected effective tax rate.
The press release and archived webcast are available online.
AES Communications
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AES Huntington Beach makes a big splash
Earlier this month, members from our Executive Leadership Team (ELT) and senior leaders from our Strategic Business Units (SBUs) enjoyed a tour of Surf City USA's iconic AES Huntington Beach power plant, part of the US SBU. The ELT toured current operations of Units 1 & 2 and, the much-talked about, synchronous condensers that helped provide Southern California with a stable supply of electricity through voltage support last summer.
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AES Shady Point receives safety recognition
AES is committed to safety in the workplace. Safety comes first for our people, our contractors, and the individuals in our communities, and all work activities worldwide need to be conducted in a safe manner that promotes personal health, safety, and well-being. Our people working at AES Shady Point, a generation facility in the US Strategic Business Unit (SBU), recently received a special recognition for their commitment to safety.
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Founders' Award Winner: Mariana Soto
As a part of WE ARE AES, we recognize and celebrate success. Each year, we take the opportunity to celebrate the best of our best through our Global Awards. The Founders' Award for Innovation and Entrepreneurship is given to individuals across AES who demonstrated innovative spirit by identifying opportunities to improve how we do things, by finding new ways to address issues and, often, going above and beyond their responsibilities and commitments. One of this year's recipients is Mariana Soto, Chief Corporate Affairs Officer for AES Gener.
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AES Bulgaria wins third place in the 2013 APEX Global Awards
To fulfill our mission, we must continue to improve the way we work and to strive for operational excellence. The 2013 APEX Awards were held February 3, 2014 in Palm Springs, California. This year, an APEX project team in AES Bulgaria, lead by Mariana Gerenova, won third place for their Heat Rate Optimization Project.
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What do you think about the AES Spotlight electronic newsletter?
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All donations will be made to the AES Philippines Foundation in support of our relief efforts.
Donate Here
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AES Eletropaulo and AES Sul reduce expenses with the Daylight Saving Time Operation in Brazil
AES Brazil's utilities, Eletropaulo and Sul, are cutting back on expenses during Brazil's Daylight Savings Time (DST). Designed to reduce electricity consumption, Brazil's DST began on October 20, 2013 and ended February 16, 2014. Customers of the 24 cities served by AES Eletropaulo have saved 130 GWh. In turn, AES Sul saw a reduction of about 4.5% on the demand, accounting for savings of 90 MW. |
Global Security is an enabling function and more than just physical security
AES' mission is to provide safe, reliable and sustainable electricity to communities we serve. Our global security program continues to support this mission by creating a secured business and operating environment in which our people can carry out our mission. In this month's global security message I would like to highlight our security efforts expand beyond physical security.
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Company confidential. Do not distribute outside AES. © Copyright AES Corporation 2014
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