Chilean regulator charges AES power plant with environmental violations [Reuters]
The AES Corporation (AES)
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Source: Reuters
Environment regulator SMA outlined four charges covering AES' $3.5 billion Alto Maipo project in a statement on Thursday, which also accuse it of engaging in work in a protected paleontological area plus unlawful moving of fauna. Alto Maipo, located southeast of the capital Santiago, features two power plants and an extensive network of tunnels that extend deep under the Andes Mountains. It has been mired in controversy dating back several years, including fierce opposition from local communities who complain the facilities harm their access to water. An audit showed that the company's local unit AES Andes failed to build a "complementary" water outlet for irrigation for a canal set out in previously agreed to deal with local communities, SMA Superintendent Marie Claude Plumer said in the statement. AES Andes (AESANDES.SN) did not immediately respond to a request for comment. The violations could lead to a fine of around $18.5 million, the closure of the plants or the termina
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AES
News
- The AES Co. (NYSE: AES) is now covered by analysts at Mizuho. They set a "buy" rating and a $21.00 price target on the stock.MarketBeat
- United States Power Ancillary Service Markets, 2018-2023 and 2024-2028: Increasing Role of AI and Advanced Analytics, Decentralization and Distributed Energy Resources Integration [Yahoo! Finance]Yahoo! Finance
- AES: A Value Play With An Upside [Seeking Alpha]Seeking Alpha
- The AES Co. (NYSE: AES) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $22.00 price target on the stock.MarketBeat
- Buy-rated and sell-rated stocks within the Utilities sector - Citi [Seeking Alpha]Seeking Alpha
AES
Earnings
- 2/26/24 - Beat
AES
Sec Filings
- 4/15/24 - Form 4
- 4/10/24 - Form SC
- 3/14/24 - Form ARS
- AES's page on the SEC website