Aes achieves key strategic milestones and reaffirms guidance through 2025

Arlington, va., aug. 4, 2021 /prnewswire/ -- strategic accomplishments received regulatory approvals at us utilities, aes indiana and aes ohio, further enabling planned new investments of more than $2 billion to grow the rate base 9% annually through 2025 signed 1.8 gw of new ppas for renewable energy projects, bringing total to 2.9 gw signed in year-to-date 2021 and increasing the backlog to 8.5 gw accelerated decarbonization efforts at aes andes with the voluntary retirement of an additional 1.1 gw of coal in chile, to be replaced by 2.3 gw of contracted renewables moody's changed the outlook on the company's ba1 credit rating to positive q2 2021 financial highlights diluted eps of $0.03, compared to $(0.13) in q2 2020 adjusted eps1 of $0.31, compared to $0.25 in q2 2020 financial position and outlook reaffirming 2021 adjusted eps1 guidance range of $1.50 to $1.58 reaffirming 7% to 9% average annual growth target through 2025 the aes corporation (nyse: aes) today reported financial results for the quarter ended june 30, 2021.
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