Southern Electric Brasil Participacoes Ltda

Southern Electric Brasil Participacoes, Ltda. (”SEB”) continues to pursue a restoration of the value of its investment in Companhia Energetica de Minas Gerais (”CEMIG”) by all legal means.

In September 1999, a state appellate court in Minas Gerais, Brazil, granted temporary…

AES Corp.’s subsidiary, Southern Electric Brasil Participacoes, Ltda. (”SEB”), continues to defend against Brazilian National Development Bank (”BNDES”)’s collection suit.

In April 2004, BNDES filed a collection suit against SEB to obtain the payment of BRL3.3 billion (US$1.6 billion) under…