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…
AES Corp. and Williams Power Co., Inc., in July 2008, reached a settlement with the City of Redondo Beach of California for the utility users’ tax (UUT) assessment.
In January 2005, the City of Redondo Beach issued an assessment against Williams…
AES Corp.’s subsidiaries intend to file appeals with the Supreme Court of Kazakhstan regarding the damages awarded to the Competition Committee of the Ministry of Industry and Trade of the Republic of Kazakhstan.
In February 2007, the Competition Committee initiated administrative…
AES Corp.’s subsidiary, AES Ust-Kamengorskaya TET LLP (UKT), intends to appeal the Competition Committee of the Ministry of Industry and Trade of the Republic of Kazakhstan’s order to the Supreme Court of Kazakhstan.
In June 2007, the Competition Committee ordered…
AES Corp.’s appeal to the Supreme Court on the decision of an additional permit fee imposed on the Company’s subsidiary, AES Ekibastuz remains pending.
In June 2006, AES Ekibastuz was found to have breached a local tax law by failing to…
An AES Corp. trading company, Nurenergoservice LLP, intends to appeal the decision affirming the Competition Committee of the Ministry of Industry and Trade of the Republic of Kazakhstan’s order for alleged antimonopoly violations.
In July 2007, the Competition Committee ordered…