AES Issues Statement Regarding its Maritza Plant in Bulgaria

ARLINGTON, Va.--(BUSINESS WIRE)--Jun. 25, 2014-- The AES Corporation(NYSE: AES) today commented on the current situation in Bulgaria, relating to its 690 MW Maritza coal-fired plant. Recently, Bulgaria’s State Energy and Water Regulatory Commission (SEWRC) issued statements limiting the ability of National Electric Company (NEK), Maritza’s offtaker, to pass-through certain costs to the regulated market. SEWRC also recommended that NEK begin negotiating amendments to Maritza’s Power Purchase Agreement (PPA), including taking one of Maritza’s units out of the PPA and reducing the price for the remaining unit’s output by 30%. All of these developments could affect the financial performance of Maritza and AES.



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