AES CORP
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
AES$14.87-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Terms
1 | The AES Corporation | March 31, 2025 Form 10-Q
Glossary of Terms
The following terms and acronyms appear in the text of this report and have the definitions indicated below:
| 2024 Base Rate Order | The order issued in April 2024 by the IURC authorizing AES Indiana to, among other things, increase its basic rates and charges by $71 million annually |
|---|---|
| Adjusted EBITDA | Adjusted earnings before interest income and expense, taxes, depreciation and amortization, a non-GAAP measure of operating performance |
| Adjusted EBITDA with Tax Attributes | Adjusted earnings before interest income and expense, taxes, depreciation and amortization, adding back the pre-tax effect of Production Tax Credits, Investment Tax Credits and depreciation tax deductions allocated to tax equity investors, a non-GAAP measure |
| Adjusted EPS | Adjusted Earnings Per Share, a non-GAAP measure |
| Adjusted PTC | Adjusted Pre-tax Contribution, a non-GAAP measure of operating performance |
| AES | The Parent Company and its subsidiaries and affiliates |
| AES Andes | AES Andes S.A., formerly AES Gener |
| AES Brasil | AES Brasil Operações S.A., formerly branded as AES Tietê |
| AES Clean Energy Development | AES Clean Energy Development, LLC |
| AES Indiana | Indianapolis Power & Light Company, formerly branded as IPL. AES Indiana is wholly-owned by IPALCO |
| AES Ohio | The Dayton Power & Light Company, formerly branded as DP&L. For the periods covered by this report, AES Ohio was wholly-owned by DPL. Beginning in April 2025, CDPQ owns an aggregate indirect equity interest in AES Ohio of approximately 30%. |
| AES Renewable Holdings | AES Renewable Holdings, LLC, formerly branded as AES Distributed Energy |
| AFUDC | Allowance for Funds Used During Construction |
| AGIC | AES Global Insurance Company, AES’ captive insurance company |
| AOCL | Accumulated Other Comprehensive Loss |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| CAA | United States Clean Air Act |
| CCR | Coal Combustion Residuals, which includes bottom ash, fly ash, and air pollution control wastes generated at coal-fired generation plant sites |
| CECL | Current Expected Credit Loss |
| CDPQ | Caisse de dépôt et placement du Québec |
| CO2 | Carbon Dioxide |
| CSAPR | Cross-State Air Pollution Rule |
| CWA | U.S. Clean Water Act |
| DG Comp | Directorate-General for Competition |
| DIR | Distribution Investment Rider - established in ESP 4 to recover certain distribution capital investments placed in service beginning June 30, 2020, and subject to increasing annual revenue limits and other terms. The annual revenue limit for 2025 is $49.4 million. |
| DPL | DPL LLC and its consolidated subsidiaries. On April 3, 2025, DPL Inc. converted its form of business organization from an Ohio corporation to an Ohio limited liability company. Upon the conversion, DPL Inc. changed its name to DPL LLC. References to DPL are to DPL Inc. before April 3, 2025, and DPL LLC on and after April 3, 2025. |
| EBITDA | Earnings before interest income and expense, taxes, depreciation, amortization, and accretion of AROs, a non-GAAP measure of operating performance |
| ECCRA | Environmental Compliance Cost Recovery Adjustment |
| ENSO | El Niño-Southern Oscillation |
| EPA | United States Environmental Protection Agency |
| EPC | Engineering, Procurement and Construction |
| ESP | Electric Security Plan |
| EU | European Union |
| FASB | Financial Accounting Standards Board |
| Fluence | Fluence Energy, Inc and its subsidiaries, including Fluence Energy, LLC, which was previously our joint venture with Siemens (NASDAQ: FLNC) |
| GAAP | Generally Accepted Accounting Principles in the United States |
| GHG | Greenhouse Gas |
| GILTI | Global Intangible Low Taxed Income |
| GW | Gigawatts |
| GWh | Gigawatt Hours |
| HLBV | Hypothetical Liquidation at Book Value |
| IPALCO | IPALCO Enterprises, Inc. CDPQ owns direct and indrect interests in IPALCO of approximately 30%. |
| ITC | Investment Tax Credit |
| IURC | Indiana Utility Regulatory Commission |
| LNG | Liquid Natural Gas |
| MMBtu | Million British Thermal Units |
| MW | Megawatts |
| MWh | Megawatt Hours |
| NAAQS | National Ambient Air Quality Standards |
| NCI | Noncontrolling Interest |
| NEK | Natsionalna Elektricheska Kompania (state-owned electricity public supplier in Bulgaria) |
2 | The AES Corporation | March 31, 2025 Form 10-Q
| NM | Not Meaningful |
|---|---|
| NOV | Notice of Violation |
| NOX | Nitrogen Oxide |
| NPDES | National Pollutant Discharge Elimination System |
| OVEC | Ohio Valley Electric Corporation, an electric generating company in which AES Ohio has a 4.9% interest |
| Parent Company | The AES Corporation |
| Pet Coke | Petroleum Coke |
| PPA | Power Purchase Agreement |
| PREPA | Puerto Rico Electric Power Authority |
| PUCO | The Public Utilities Commission of Ohio |
| RSU | Restricted Stock Unit |
| SBU | Strategic Business Unit |
| SEC | United States Securities and Exchange Commission |
| SO2 | Sulfur Dioxide |
| TDSIC | Transmission, Distribution, and Storage System Improvement Charge |
| TEG | Termoeléctrica del Golfo, S. de R.L. de C.V. |
| TEP | Termoeléctrica Peñoles, S. de R.L. de C.V. |
| U.S. | United States |
| USD | United States Dollar |
| VIE | Variable Interest Entity |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.