AES Andres-Itabo 4Q10 by AES Dominicana

Four Quarter 2010 Relevant Results

Contact: Yandery Teran Investor Relations Director (1) (809) 955-2223

Santo Domingo, Dominican Republic March 17th, 2011

4Q10 Relevant Results

inversoraesdom@aes.com

www.aesdominicana.com.do

AES Andres B.V. and Subsidiary and Dominican Power Partners and Subsidiary announced a combined Net Income of US$7.5 million in the fourth quarter 2010. Itabo reports Net Loss of US$13.8 million for the fourth quarter 2010 Santo Domingo, Dominican Republic, March 17th, 2011 – announced today results for the fourth quarter 2010. All information, except where otherwise specified, is expressed in with Generally Accepted Accounting Principles applicable (USGAAP). These figures are not audited.

Andres-DPP and Itabo operating and financial US dollars in conformity in the United States

For Andres-DPP the revenues increased 37.8% in the fourth quarter 2010 compared to the same period of 2009 and in the accumulated results for the year ended in December 2010 increased 61.6% compared to the same period of the previous year. Net Income was US$7.5 million for the fourth quarter of 2010 and the accumulated Net Income was US$58.5 million against US$3.5 million for the same period 2009.

4Q10 94.4 61.8 32.6 34.5% 7.5 20.2

4Q09 **

Andres- DPP (Millions of US$)

68.5 Revenues 38.9 Operating costs and expenses 29.6 Operating income 43.2% Operating income margin 9.2 Net Income (*) Net Cash Provided by Operating 15.9 Activities

12M10

12M09 **

379.0 234.7 144.3

234.5 167.6 66.9

38.1%

28.5%

58.5

3.5

72.6

17.4

* Net Income includes interest expenses of US$9.6 million in 4Q10 and 4Q09 and US$38.2 million in 12M10 and 12M09, related to interest under a subordinated intercompany loan under which AES made its capital injections to finance the development and construction of Andres. AES views this loan as an equity investment and the respective interests are a restricted payment under the indenture.

Inside this report: Page External Factors

Analysis of Andres-DPP Combined Financial Results

Analysis of Itabo’s Consolidated Financial Results

Financial Debt Summary

** 2009 audited financial statement were reclassified according to the auditors’ requirements.

For Itabo, the revenues increased 5.0% in the fourth quarter 2010 compared to the same period of 2009 and in the accumulated results for the period ending in December 2010 decreased 7.0% compared to the same period of the previous year. Net Loss was US$13.8 million for the fourth quarter of 2010 and the accumulated Net loss was US$35.9 million against a Net Income of US$32.0 million for the same period 2009.

Liquidity

Operational Results

Operational Developments

Regulation

Safety Indicators

Environmental Matters

Itabo 4Q10

4Q09

(Millions of US$)

12M10

12M09

50.6 49.8 0.8

48.2 Revenues 35.2 Operating costs and expenses 13.0 Operating (Loss) income

199.4 220.9 (21.5)

214.4 163.4 51.0

1.6%

27.0% Operating (Loss) income margin

-10.8%

23.8%

(35.9)

32.0

43.3

59.3

(13.8)

29.1

8.4 Net (loss) Income Net Cash Provided by Operating 44.0 Activities

Andres Dominicana and Itabo Dominicana, Earning Release

Financial Statements

Glossary of Key Terms

-1-

4Q10 Relevant Results External Factors1

Coal, Natural Gas and Fuel-Oil #6 Price Evolution

Dominican Republic’s GDP grew 7.8% during 4Q10. 12

The exchange rate as of December 31st, 2010 was RD$37.61 per US dollar (Bid) and RD$37.49 per US dollar (Ask).

Average Nymex Henry Hub natural gas prices were US$3.97 per MMBtu for the fourth quarter, with a peak of US$4.61 per MMBtu and a low of US$3.29 2 per MMBtu.

US$/MMBTU

Inflation stood at 6.24% at the end of December 2010.

Average Coal prices were US$3.73 per MMBtu for the fourth quarter, with a peak of US$4.54 per MMBtu and a low of US$3.23 per MMBtu.

10.97

Fuel-Oil #6 10.63

10.26

8 6

4.92

Natural Gas 4.35 3.97

4 Coal 2

3.73

2.97

2.21

0 4Q09

1Q10

2Q10

3Q10

4Q10

Total electricity demand as of December 31 , 2010 reached 11,748 GWh, an increase of 7.3 % versus the same period st

2009.

Analysis of Andres-DPP Combined3 Financial Results (In USGAAP) For Andres-DPP the Revenues increased 37.8% to US$94.4 million in the fourth quarter 2010 compared to the same period of 2009. This result was mainly driven by US$22.3 million of higher volume of energy sold (contracted and spot) and the increment of the spot prices. Likewise the other sales increased around US$3.6 million mainly from natural gas sales due to in February 2010 Andres started the operation of the liquefied natural gas loading terminal, expanding the use of this fuel in the Dominican Republic. As of December 31st, 2010, Revenues totaled US$379.0 million, an increase of 61.6% compared to the same period of 2009. This increase was mainly a result of: (i) higher electricity sales by US$138.6 million, due to higher energy volume and spot prices; and, (ii) higher other revenues by US$5.9 million mainly from sales of natural gas. Andres-DPP’s Revenues consist of the following: 4Q10 70.9 19.4 4.1 94.4

4Q09

Var%

57.6 10.4 0.5 68.5

23.1 86.5 720.0 37.8

(Millions of US$) Electricity sales – Contracts Electricity sales – spot market Natural Gas Sales & Other Sales Total Revenues

12M10 295.4 75.3 8.3 379.0

12M09

Var%

203.1 29.0 2.4 234.5

45.4 159.7 245.8 61.6

For Andres-DPP the Operating Costs and Expenses increased 58.9%, in the fourth quarter of 2010 compared to the same period 2009, from US$38.9 million to US$61.8 million. This variance was principally a net result of: (i) higher fuel cost by US$20.9 million due to higher generation; (ii) lower energy purchases by US$6.0 million; (iii) US$4.5 million of higher operating and maintenance expenses; (iv) higher negative impact from the use of derivatives instruments by US$1.9 million; and (v) higher depreciation by US$1.6 million. Operating Costs and Expenses as of December 31st, 2010, increased 40.0% to US$234.7 million compared to the same period in 2009. This variance was mainly caused by: (i) higher cost of sales by US$58.2 million derived from higher generation, the related increase in LNG consumption (DPP was generating as base load power plant) combined with higher LNG prices that were partially offset by lower electricity purchases; (ii) higher operating, maintenance and general expenses by US$5.3 million; (iii) higher depreciation and amortization of intangible assets by US$4.3 million; partially offset by a (iv) positive impact due to the use of derivatives instruments by US$0.7 million.

Source: Dominican Central Bank, Coordinating Body and FOB, 6300 kcal/kg Puerto Bolivar, Platts International Coal Report.

Pricing under the BP Contract is at a premium to the Henry Hub natural gas price per MMbtu on the NYMEX Index.

The accompanying combined financial results include the accounts of Andres, DPP and its subsidiary Andres Dominicana.LTD Intercompany balances and transactions have been eliminated in these combined financial statements.

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Andres-DPP’s Operating costs and expenses consist of the following: 4Q10

4Q09(*)

45.6 9.6 1.2 5.4 61.8

30.7 5.1 (0.7) 3.8 38.9

Var% 48.5 88.2 n/a 42.1 58.9

(Millions of US$) Cost of electricity sales- fuel & electricity purchases Operating, maintenance and general expenses Derivatives Instruments Depreciation and amortization of intangible assets Total Operating Cost and Expenses

12M10 181.6 33.5 (0.2) 19.8 234.7

12M09 (*) 123.4 28.2 0.5 15.5 167.6

Var% 47.2 18.8 n/a 27.7 40.0

(*) 2009 audited financial statement were reclassified according to the auditors’ requirements.

Andres- DPP, total Other Expenses were US$26.0 million in the fourth quarter 2010 compared to other Expenses of US$14.1 million in the same period of 2009. This increase was mainly a net function of: (i) higher other expenses by US$9.0 million due to the premium paid to Bondholders due to the prepayment of AES Dominicana Energia Finance Senior Notes for US$156 million; (ii) higher interest expenses by US$1.9 million mainly related to higher outstanding debt principal during Nov'10, due to the convergence of a portion of the US$156 million AES Dominicana Energia Finance Senior Notes due 2015 and the new issuance from AES Andres Dominicana of US$167.5 million due 2020; (iii) higher net commercial interest income by US$1.5 million associated with lower interest rate applied on outstanding A/P to spot market and PPA as well as the decrease in average payable balance; and, (iv) higher deferred financing cost by US$2.7 million upon prepayment of US$156 million AES Dominicana Energia Finance Senior Notes. As of December 31st, 2010, Net Expenses increased to US$62.7 million, as compared to total expenses in 2009 of US$48.9 million. This variance was primarily a result of: (i) higher other expenses by US$17.1 million in relation to the premium paid to Bondholders due to the prepayment of AES Dominicana Energia Finance Senior Notes for US$156 million; (ii) unfavorable 2009 asset impairment by US$7.5 million; (iii) higher deferred financing cost amortization by US$2.0 million; (iv) higher financial expenses by US$1.5 million; (v) lower net commercial interest income by US$0.5 million basically due to lower account receivables since the signature in 2009 of the standby agreement between the DR Government and the IMF; and, (vi) lower foreign currency gain by US$0.2 million. Andres- DPP Other (Expenses) Income consists of the following: 4Q10 (6.5) 3.5 (9.6) (3.1) 0.0 (10.3) 0.0 (26.0)

4Q09 (*)

Var%

(Millions of US$)

(4.6) 41.3 Interest (expense) – financial - net 2.0 75.0 Interest income – commercial and others-net (9.6) 0.0 Subordinated intercompany loan interest expense (**) (0.4) 675.0 Deferred financing costs amortization (0.2) (100.0) Investment Asset Impairment Expense (1.3) 692.3 Other Income (expenses) 0.0 0.0 Foreign currency gain (14.1) 84.4 Total Other (Expenses)

12M10 12M09 (*) (19.0) 10.0 (38.2) (4.2) 0.0 (11.7) 0.4 (62.7)

Var%

(17.5) 8.6 10.5 (4.8) (38.2) 0.0 (2.2) 90.9 (7.5) (100.0) 5.4 n/a 0.6 (33.3) (48.9) 28.2

(*) 2009 audited financial statement were reclassified according to the auditors’ requirements. (**) Interest expenses are those generated by the subordinated intercompany loan under which AES made its capital injections to finance the development and construction of Andres.

For Andres-DPP, Net Cash Provided by Operating Activities was US$20.2 million for the fourth quarter 2010, an increase of 27.0% compared to a Net Cash Provided by Operating Activities of US$15.9 million in the same period of 2009, mainly due to the following: (i) Negative impact as result of higher accounts receivables by US$31.3 million basically due to higher sales; (ii) positive impact due to higher accounts payables by US$18.1 million; (iii) positive impact from the early extinguishment of debt by US$10.1 million; (iv) positive adjustment by US$7.4 million from reconciling net income to net cash provided by operations. Net Cash Provided by Operating Activities for the year ended in December 31st, 2010 was US$72.6 million compared to a Net Cash Provided by operating activities of US$17.4 million for the same period in 2009. This variation was primarily the result of: (i) higher net income by US$55.0 million derived from higher generation and higher sales; (ii) negative impact due to higher accounts receivable by US$13.7 million; (iii) positive impact from early extinguishment of debt by US$10.1 million; (iv) US$6.5 million higher positive reconciling adjustments, reconciling net income to net cash provided by operations; (v) lower accounts payable by US$2.7 million. Free Cash Flow (a non-GAAP financial measure defined as net cash from operating activities less capital expenditure defined in the accompanying financial statement as Additions to Property, Plant and Equipment and advances to suppliers in purchases of PP&E) was net cash provided of US$19.1 million for the fourth quarter 2010. In addition to the net cash provided by

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Operating Activities of US$20.2 million, during this period, there were additions to property, plant and equipment of US$1.1 million. As of December 31st, 2010, the Free Cash Flow was net cash provided of US$63.2 million. In addition to the net cash provided by operating activities of US$72.6 million, there were additions to property, plant and equipment by US$9.4 million.

Analysis of Itabo’s Consolidated4 Financial Results (In USGAAP) In the fourth quarter 2010, Itabo’s Revenues increased 5.0% to US$50.6 million compared to the same period of 2009. This result was mainly driven by US$2.1 of higher electricity sales that resulted from higher contract prices indexed by higher average coal market prices. As of December 31st, 2010, Revenues totaled US$199.4 million, a decrease of 7.0% compared to the same period of 2009. This decrease was mainly a result of: (i) lower electricity sales by US$15.1 million, due to lower contracted prices and partially offset for higher spot prices; and, (ii) higher other revenues by US$0.1 million. Itabo’s Revenues consist of the following:

4Q10

4Q09

50.2 0.4 50.6

48.1 0.1 48.2

Var% 4.4 300.0 5.0

(Millions of US$) Electricity sales Other revenues Total Revenues

12M10 12M09 198.2 1.2 199.4

213.3 1.1 214.4

Var% (7.1) 9.1 (7.0)

For Itabo the Operating Costs and Expenses increased 41.5%, in the fourth quarter of 2010 compared to the same period 2009, from US$35.2 million to US$49.8 million. This variance was principally a net result of: (i) US$10.6 million from higher coal costs primarily due to higher coal prices (firm commitment contract/fixed price) for generation; (ii) higher energy purchases by US$2.6 million due to lower generation; (iii) higher operating and maintenance expenses by US$2.0 million resulting from Itabo’s planned maintenances in its units; (iv) lower depreciation by US$1.1 million; and, (v) higher selling, general and administrative expenses by US$0.5 million. As of December 31st, 2010, Operating Costs and Expenses increased 35.2% to US$220.9 million compared to same period of 2009. This variation was mainly caused by the net effect of: (i) higher cost of energy sales by US$55.8 million basically due to higher coal cost derived from a contract signed in 2008, which is expected to expire in mid 2011, and higher demand combined with lower energy production; (ii) higher operation and maintenance cost by US$5.8 million, due to planned maintenances in both units; (iv) lower depreciation by US$3.8 million; and, (v) lower selling, general and administrative expenses by US$0.4 million. Itabo’s Operating Costs and Expenses consist of the following: 4Q10

4Q09

37.5 4.8 3.7 3.7 0.1 49.8

24.3 2.8 3.2 4.8 0.1 35.2

Var% 54.3 71.4 15.6 (22.9) 0.0 41.5

(Millions of US$) Cost of electricity sales Operating and maintenance expenses Selling, general and administrative expenses Depreciation Amortization of contracts Total Operating Cost and Expenses

12M10 12M09 171.3 21.3 12.2 15.7 0.4 220.9

115.5 15.4 12.6 19.5 0.4 163.4

Var% 48.3 38.3 (3.2) (19.5) 0.0 35.2

For Itabo the total Other Expenses were US$12.4 million in the fourth quarter 2010 compared to a total other expenses of US$2.5 million in the same period of 2009. This variation was primarily attributable to the net effect of: (i) higher other expenses by US$6.8 million due to the premium paid to Bondholders due to the prepayment of Itabo Finance Senior Notes for US$125 million due 2013; (ii) lower net commercial interest income by US$1.5 million due to lower accounts receivables since the signature in 2009 of the standby agreement between the DR Government and the IMF; (iii) higher deferred financing cost by US$1.5 million related to the write-off due to the US$125 million Itabo Finance Senior Notes early redeemed; (iv) higher exchange expenses by US$0.1 million. As of December 31st, 2010, Net Expenses increased to US$21.5 million, as compared to the Net Expenses recorded in the same period of 2009 of US$9.9 million. This variance was the net result of: (i) higher other expenses by US$7.3 million due to premium paid to the Bondholders explained above; (ii) lower net commercial interest income by US$3.1 million due to the 2010

The accompanying consolidated financial results include the accounts of Itabo, and its subsidiary Itabo Finance, S. A. Intercompany balances and transactions have been eliminated in these consolidated financial statements.

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results reduction of the outstanding Accounts Receivables since the signature in 2009 of the standby agreement between the DR Government and the IMF; (iii) higher deferred financing cost by US$1.5 million; (iv) lower net financial interest expenses by US$0.6 million; and, (v) higher exchange expenses by US$0.3 million. Itabo’s Other (Expenses) Income consists of the following: 4Q10 (3.6) 0.2 (1.6) (7.3) (0.1) (12.4)

4Q09 (3.6) 1.7 (0.1) (0.5) 0.0 (2.5)

Var% 0.0 (88.2) n/a n/a n/a 396.0

(Millions of US$) Interest (expenses)- financial- net Interest income- commercial- net Amortization of deferred financing cost Other (expenses)- net Remeasurement loss Total Other (Expenses)

12M10 12M09 (13.7) 5.3 (2.0) (10.8) (0.3) (21.5)

(14.3) 8.4 (0.5) (3.5) 0.0 (9.9)

Var% (4.2) (36.9) 300.0 208.6 n/a 117.2

For Itabo the Net Cash Provided by Operating Activities was US$29.1 million for the fourth quarter 2010 compared to a Net Cash Provided by Operating Activities of US$44.0 million in the same period of 2009, resulting in a negative variation of US$14.9 million. This negative variance was mainly a net result of: (i) lower accounts receivables by US$34.0 million mainly related to the Payment Agreement and the “Factoring Contract” signed in December 2010 between Itabo, the Distribution Companies and the CDEEE, by which Itabo received US$26.9 million in partial settlement of the outstanding A/R’s as of December 2010.; (ii) higher loss by US$22.1 million, basically from lower sales and higher cost of electricity sales; (iii) lower accounts payables by US$20.3 million, basically due to spot market payments during the quarter; and, (iv) an impact of US$6.5 million from negative adjustments, reconciling net loss to net cash provided by operations. As of December 31st, 2010, the Net Cash Provided by Operating Activities was US$43.3 million against a Net Cash Provided by operating activities of US$59.3 million in the same period of 2009. This variation was primarily the net result of: (i) higher net loss by US$67.9 million; (ii) lower accounts receivables by US$41.8 million as a result of the signature in 2009 of the standby agreement between the DR Government and the IMF; (iii) lower accrued liabilities by US$34.1 million; (iv) higher accounts payables US$33.5 million; (v) lower inventory by US$14.2 million; and, (vi) US$3.5 million of negative reconciling adjustments, reconciling net loss to net cash provided by operating activities. Itabo Free Cash Flow (a non-GAAP financial measure defined as net cash from operating activities less capital expenditures defined in the accompanying financial statement as additions to Property, Plant and Equipment and advances to suppliers in purchases of PP&E) was a net cash provided of US$22.1 million for the fourth quarter 2010. During this period, in addition to the net cash used of US$29.1 million, there were additions to property, plant and equipment by US$7.0 million. As of December 31st, 2010, the Free Cash Flow was net cash provided of US$28.0 million. In addition to the net cash provided by operating activities of US$43.3 million, there were additions to property, plant and equipment and advances to suppliers in purchases of PP&E by US$15.3 million.

Financial Debt Summary Itabo signed a Stand by Letter of Credit for US$4,197,000 with Banco de Reservas, in order to guarantee the purchase of 60,000 MT of coal. In December, AES Dominicana collected US$65.9 million through a Payment Agreement and “Factoring Contract” signed with the DistCo´s/CDEEE and the Banco de Reservas with no discount and no recourse to AES Dominican group. Itabo received US$26.9 million, DPP US$31.3 million and Andres US$7.6 million. Local Issuance: a.

On October 25th, Itabo offered the 1st and 2nd tranches of its local bonds, allocating a total of US$6.9 million (the total offer was for US$10 million) at 7.5% and three years.

th On December 8 , Itabo placed in the local market the remaining amount of first and second tranches of its Notes (US$3,068,000), originally issued on October 25th.

th On December 20 , Itabo placed in the local market the third tranche of its local Corporate Bonds for US$5 million, with 7.5% coupon and three years maturity.

Purchase of AES Dominicana Finance and Itabo Finance’ Senior Notes and New International Issuance: a.

On October 28th, Itabo settle the partial call announce on September 28th, 2010 to redeem 189,680 of its international senior notes due 2013 at the set call price of 105.438. Total amount paid was $20,131,268 which included principal, premium and accrued interest.

Andres Dominicana and Itabo Dominicana, Earning Release

-5-

4Q10 Relevant Results b.

On October 28th, Itabo and Andres announced commencement of their respective offers to purchase its outstanding international Notes, through a Tender Offer which will expire on November 26, 2010. An Early Tender Offer will be executed on November 10th, 2010 at an offer price of 106.125 for AES Dominicana Energia Finance Notes and 106.05 for Itabo Finance Notes.

th On November 10 US$99,032,000 and US$80,383,000 of AES Dominicana Finance and Itabo Finance Senior Notes, respectively, were tendered pursuant to the Offer to Purchase released on October 28th, 2010. The total amount paid to bondholders, including the early tender premium, was US$109,697,196.14 and US$86,217,466.04 respectively.

th On November 12 , 2010, AES Dominicana sold a combined US$284 million of 9.50% coupon Notes Units in the 144a private placement market. The total aggregate amount of Notes Units consists of: (i) US$167.6 million of Senior Notes of AES Andres Dominicana, unconditionally and irrevocably guaranteed by Andres and DPP, and (ii) US$116.4 million of Itabo Dominicana Senior Notes, unconditionally and irrevocably guaranteed by Itabo.

On November 12th 2010, AES Dominicana Energia Finance, S.A. and Itabo Finance, S.A. provided all investors 30 days notice that all still outstanding Senior Notes of Itabo Finance and AES Dominicana by Itabo Energia Finance would be called on December 13th, 2010 at contractually defined redemption prices of 105.50 and 105.438 respectively.

On December 13th, Itabo Finance and AES Dominicana Energia Finance executed the final clean-up call for all their outstanding Senior Notes.

In February 2011, the combined Senior notes were listed in the Luxemburg Exchange Stock.

The following tables show composition of financial debt: Financial Debt- Andres-DPP

Dec-10

Financial Debt- Itabo

Dec-09

(expressed in millions of US$)

Local Currency Foreign Currency

168

161

Total Debt

168

161

Fixed Rate

Dec-10 Dec-09

(expressed in millions of US$)

Local Currency

Foreign Currency Total Debt

131 131

125 125

100%

Variable Rate

Short Term

100% 10.56%

100% 11.86%

100% 10.21%

100% 12.10%

9.2

4.0

Long Term Financing Cost (*) Average Life (years)

Fixed Rate

Long Term Financing Cost (*) Average Life (years)

(*) (1) After tax rates. (2) The Notes effective rate includes the interest income accrued by the interest debt reserve.

Rating Agency ( as of December 31st, 2010) Fitch Ratings (Andres-DPP) Senior Notes 2020 Fitch Ratings (Itabo) Senior Notes 2020 Standard & Poor's (Andres-DPP) Standard & Poor's (Itabo)

Senior Notes 2020 Senior Notes 2020

Rating BB-

Outlook Stable Stable

BB-

Positive Negative

On January 21st, Fitch upgraded AES Andres SPV’s (AES Andres Dominicana) and Empresa Generadora de Electricidad Itabo SPV’s (Itabo Dominicana) foreign currency and local currency IDRs, as well as their respective Long Term Bond Issuance Ratings, to B from B-. The recovery rating for all issuances if RR4. All companies’ rating outlook has been revised to Positive from Stable. Concurrently, Fitch Upgraded AES Andres B.V.’s national scale issuer default ratings (IDR) to A(dom) from BBB(dom). The rating action applies to USD30 million of local long-term bond issuance program and Upgraded EGE Itabo’s national scale IDR to A-(dom) from BBB(dom). The rating action applies to its USD 25 million long term bond issuance program.

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Liquidity Collections During the fourth quarter 2010 the average collection rate for Andres-DPP was 131% against 167% in the same period of 2009 and for Itabo 142% against 206%. The reduction is related to the higher collection received on December 2009 as a result of the standby agreement between the Dominican Government and the IMF. The mentioned agreement requires no more than 60 days of outstanding receivables from the Distribution companies which has contributed to the improved collection ratios during 2010. For the year ended on December 31st, 2010, the average collection rate for Andres-DPP was 105% against 138% in 2009 and for Itabo 111% against 128%. During this year the Discos kept paying on time, after the electricity sector were benefited by the DR Government under the Standby Agreement with the IMF in order to pay their 2009 debts to the generation companies. Currently Andres accounts receivables have 24 days sales outstanding (DSO), 63 DSO for DPP and 66 DSO for Itabo compared to 73, 111 and 107 DSO, respectively during the same period of 2009.

Average Collections Rate Andres - DPP

Itabo

206% 151%

167%

142% 100% 69%

120% 91% 4Q09

1Q10

131% 60%

2Q10

3Q10

4Q10

Days Sales Outstanding (DSO) 181

147

110 91

111 107

2007

2008

2009

2010

AES Andres

Itabo

DPP

Operational Results Andres-DPP: In the fourth quarter of 2010, the Combined Net Generation was up by 37.6% relative to the fourth quarter of 2009, from 631 GWh in 2009 to 868 GWh in 4Q10, primarily a result of DPP operated as a base load power plant since April 2010. Total Energy Sold during 4Q10 was 872 GWh, an increase of 35.6% compared with 4Q09, a function of the higher generation mentioned above and more NRU clients. During the fourth quarter 2010, Andres’ Firm Capacity increased 12.2% to 276MW, and the EFOR was 1.3. DPP’s Firm Capacity increased to 26MW as a result of higher availability since the operational improvements performed on its units. As of December 31st 2010, Combined Net Generation was 3,295 GWh, an increase of 50.0% compared to the same period of 2009. This increase was mainly a net result of two factors: (i) DPP was generating as base load power plant; and, (ii) during the first half 2009 Andres’ was operating at limited capacity because of the transformer failure that occurred in December 2008. The Energy Sold increased 43.4% to 3,312 GWh, basically due higher generation, higher NRUs sales and new contracts with EDESur and EDENorte. Andres’ Firm Capacity increased 15.0% to 260MW and the EFOR decreased from 13.0% to 0.4% since 2009 EFOR was affected by the transformer failure, as well the EAF which improved to 96% from 78%. Besides, the implementation of several operational improvement initiatives has also helped improve the metrics in 2010. DPP’s EFOR decreased 92.5% primarily a result of the replacement of Turbines Control System. The following table presents selected operational information for each of the periods indicated: As of December 31st, 2010 Installed capacity (MW) Power Generation Units Effective capacity (MW) Contracted capacity (MW)

Andres Dominicana and Itabo Dominicana, Earning Release

Andres 319 1 304

DPP 236 2 236

Aggregate 555 3 540

119

210

329

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4Q10 Relevant Results

4Q10

4Q09 Var.%

Operating Data

881 (13)

644 (13)

868

631

872 276 7,764 95 1.3

643 246 7,756 96 1.0

93.9 DPP EAF

0.0

1.0

(100.0) DPP EFOR

12M10 12M09

Var.%

36.8 Gross generation 0.0 Internal consumption

GWh GWh

3,346 (51)

2,237 (41)

37.6 Net Generation

GWh

3,295

2,196

50.0

GWh MW Btu/KWh % %

3,312 260 7,660 96 0.4

2,309 226 7,851 78 13.0

43.4 15.0 (2.4) 23.1 (96.9)

5.0

0.3

4.0

(92.5)

35.6 12.2 0.1 (1.0) 30.0

Total Energy Sold Andres' Firm Capacity Andres Heat Rate Andres EAF Andres EFOR

116.7 DPP's Firm Capacity

49.6 24.4

35.3

Itabo: During the fourth quarter 2010, the Net Generation was 399 GWh, a decrease of 7.4% with respect to the same period of 2009. The Energy Sold decreased 2.6% compared to the same period of the previous year. and the EFOR improved from 4% to 2% due to the implementation of several operational improvement initiatives. As of December 31st 2010, the Net Generation was 1,369 GWh, a decrease of 7.9% against the same period 2009 primarily due to higher planned outage days and due to the derate of Itabo. The Energy Sold increased 8.4% when compared to the same period of the previous year due mainly to higher contract sale. The Itabo’s Heat Rate improved 3.5%, and the EFOR 71.4%. The following table presents selected operational information for each of the periods indicated: As of December 31st, 2010

4Q10

4Q09

439 (40) 399 441 226 10,714 79 2

475 (44) 431 453 226 11,060 89 4

Installed capacity (MW)

260

Power Generation Units Effective capacity (MW)

2 260

Var.% (7.6) (9.1) (7.4) (2.6) 0.0 (3.1) (11.2) (50.0)

12M10 Gross generation Internal consumption Net Generation Total Energy Sold Firm Capacity Heat Rate EAF EFOR

GWh GWh GWh GWh MW Btu/KWh % %

1,516 (147) 1,369 1,790 226 10,898 73 2

12M09 Var.% 1,646 (7.9) (160) (8.1) 1,486 (7.9) 1,652 8.4 226 0.0 11,299 (3.5) 83 (12.0) 7 (71.4)

Operational Developments During the fourth quarter 2010, Andres received three vessels with 9.1 TBTU of natural gas and Itabo received four coal vessels containing 162,872.63 MT. As of December 31st, Andres had 43 NRU contracts, totaling 69 MW. On January 24th, 2011, Los Mina V was put out of service due to its Annual Major Maintenance for 20 days.

Regulation In January 2011, the CDEEE and several energy companies (transmission, distribution and generation) signed a sector agreement were eliminated the penalties of 18% for the spot market transactions since January 2009 to December 2011.

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Safety Indicators As December 31st, 2010, Andres had two years without Loss Time Incidents (LTI) or fatalities and DPP six years. As par of the Safety initiatives, during the year were developed several programs to increase the security culture: a SafeStart Program by Coastal Company and an Electrical Safety Program. Training for high risk activities conforming to corporate standards.

Environmental Matters During the fourth quarter 2010, Andres obtained the recertification of the ISO9001:2008 and ISO14001:2004. Also, Itabo obtained the recommendation for the certification in those norms. Andres, DPP and Itabo have complied with all environmental requirements. During the year 2010, Itabo recovered 5,520,000 gallons of water by the zero discharge program. AES Dominicana Group received from RENAEPA (Red Nacional Apoyo Empresarial para la Proteccion Ambiental) the “Decalogue RENAEPA award” for compliance in a set of ten principles in the environmental protection. Besides, we participated in the reforestation program in the Biodiversity Park.

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results

AES Andres B. V. and Subsidiary Dominican Power Partners and Subsidiary (Indirect Wholly-Owned Subsidiaries of The AES Corporation) UNAUDITED PRO FORMA COMBINED STATEMENTS OF OPERATIONS (Expressed in US$ Thousands)

4Q09

4Q10

12M10

12M09

REVENUES 70,923 19,394 4,023 13 94,353

57,487 10,485 549 14 68,535

Electricity sales – contracts Electricity sales – spot market Natural gas sales Other sales Total revenues

41,087 4,535 9,576 1,208 5,351

31,204 (463) 5,082 (779) 3,819

61,759

38,862

32,594

29,673 OPERATING INCOME

295,379 75,335 8,197 52 378,963

203,022 29,072 2,286 156 234,536

175,428 6,172 33,444 (177) 19,805

122,994 470 28,181 453 15,538

234,673

167,637

144,290

66,899

(8,945) (38,224) 0 (4,215) (11,744) 375

(7,005) (38,224) (7,402) (2,149) 5,317 600

81,537

18,037

(23,089)

(14,544)

58,448

3,493

OPERATING COSTS AND EXPENSES Cost of sales – electricity purchases and fuel costs used for generation Cost of sales – fuel and fuel related costs purchased for resale Operating, maintenance and general expenses (Gain) loss on derivative financial instruments Depreciation Total operating costs and expenses

OTHER INCOME (EXPENSES) (3,008) (9,634) 0 (3,067) (10,283) 44 6,645 808 7,453

(2,577) (9,634) (176) (438) (1,323) (31)

Interest expense – net Subordinated intercompany loan interest expense (*) Investment Asset Impairment Expense Deferred financing costs amortization Other income (expenses) Foreign currency gain

15,494 INCOME BEFORE TAXES (6,349)

Income tax income (expense)

9,145 NET INCOME (**)

(*) Interest expenses are those generated by the subordinated intercompany loan under which AES made its capital injections to finance the development and construction of Andres. (**)Net Income includes interest expenses of US$9.6 million in 4Q10 and 4Q09 and US$38.2 million in 12M10 and 12M09, related to interest under a subordinated intercompany loan under which AES made its capital injections to finance the development and construction of Andres. AES views this loan as an equity investment and the respective interests are a restricted payment under the indenture. The company’s Financial Results were prepared in Dollars in conformity with Generally Accepted Accounting Principles in the United States, as of any date of determination, or “GAAP.” The presentation of certain prior year balances has been reclassified to conform to the current year presentation

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results AES Andres B. V. and Subsidiary Dominican Power Partners and Subsidiary (Indirect Wholly-Owned Subsidiaries of The AES Corporation) UNAUDITED PRO FORMA COMBINED BALANCE SHEETS (Expressed in US$ Thousands)

Dec. 2010

Dec. 2009

ASSETS CURRENT ASSETS Cash and cash equivalents Restricted cash Short term investment Accounts receivable Accounts receivable – related parties Other receivables Other receivables – related parties Inventories Prepaid expenses Deferred income tax Total current assets PROPERTY, PLANT AND EQUIPMENT Land Plant and electricity generating equipment Less accumulated depreciation Property, plant and equipment OTHER ASSETS Deferred financing costs – net Long term accounts receivable Debt service reserves Other assets Total other assets TOTAL

119,652 9 107,706 35,682 165 7,596 18,339 6,094 295,243

61,831 1,209 1,171 111,580 6,508 2,180 2,848 19,407 1,483 3,155 211,373

10,370 583,681 (139,594) 454,458

10,370 573,919 (121,676) 462,612

4,248 22,465 7,959 2,503 37,176

3,750 25,157 8,580 1,590 39,077 713,062

786,876

LIABILITIES AND SHAREHOLDER'S EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities Accounts payable and accrued liabilities – related parties Notes payable - short term Income tax payable Deferred income tax - short term Total current liabilities LONG TERM LIABILITIES Deferred income tax - long term Intercompany loan Notes payable Long term derivative Long term compensation Other liabilities Total long term liabilities

25,269 6,387 42,758 5,016 79,430

16,667 3,422 5,000 46,862 4,726 76,678 -

21,379 413,153 167,560 276 82 1,285 603,735

21,373 413,153 156,000 453 76 177 591,233

15,019 108,420 1,362 (21,054) (37) 103,712

15,019 108,420 1,249 (79,502) (35) 45,151

786,876

713,062

SHAREHOLDER'S EQUITY Common stock Contributed capital Additional paid–in capital Accumulated losses Accumulated other comprehensive loss Total shareholder's equity TOTAL

The company’s Financial Results were prepared in Dollars in conformity with Generally Accepted Accounting Principles in the United States, as of any date of determination, or “GAAP.”

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10

4Q09

12M10

12M09

OPERATING ACTIVITIES: 7,453

9,167

5,351 (94) (1,327) 3,067 230 0 48 519 10,052

3,797 (779) 15,346 438 182 0 29 (8,996) 0 -

29,232 (4,438) (38) (1,528) (58) (410) 783 (27,013) 1,066 10,819 (9,572) (78) (3,896)

25,913 24,464 (823) 4,959 5,379 (12,200) (781) (3,101) (1,700) (1,516) (24,323) (19,763) (2,689) 3,183 (335)

20,171

15,851

(1,083) 1,200 8,580 (7,959) (635)

(5,313) (1,194) (2) 655

104

(5,855)

(166,052) 167,560 (13) (2,906)

(9,596) (6) (586)

(1,411)

(10,188)

18,863

Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Derivative instruments Income tax expense Deferred financing costs amortization Loss on asset disposal Foreign currency translation Long term incentive compensation Deferred income tax expense Investment Asset Impairment Expense Loss on early extinguisment of debt Changes in assets and liabilities: Decrease (increase) in accounts receivable Increase in accounts receivable – related parties Decrease in other receivable Increase in other receivable – related parties Decrease (increase) in inventory Decrease in income tax receivable Increase in prepaid expenses Decrease in deferred tax asset Long – term accounts receivable (Decrease) increase in other deposits Increase in accounts payable and accrued liabilities Increase (Decrease) in accounts pay and accrued liabilities – related parties (Decrease) increase in income tax payable (Decrease) increase in deferred tax liability (Decrease) increase in long term compensation (Decrease) increase in Other liabilities Net cash provided by operating activities INVESTING ACTIVITIES: Additions to property, plant and equipment Decrease in restricted cash Decrease in short term investments Decrease in debt service reserves (Decrease) increase in other deposits Net cash provided by (used in) investing activities FINANCING ACTIVITIES: Payments on borrowings New borrowings – Notes payable (Increase) decrease in restricted cash Financing costs payments Net cash (used in) financing activities

(191) NET INCREASE (DECREASE) IN CASH

100,789

62,022 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

119,652

61,831 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

58,448

3,493

19,805 (177) 18,857 4,215 1,668 (2) 233 4,232 10,052

15,538 453 16,315 2,149 1,860 1 201 (1,771) 5,032 -

10,315 (29,174) 2,015 (4,748) 953 (4,611) 3,155 4,070 2,965 (26,691) (3,956) (73) 1,067

(5,508) (1,836) (952) 421 (7,207) (1,483) (1,925) (1,516) 9,099 587 (17,991) 2,735 (354)

72,619

17,340

(9,447) 1,200 9,751 (7,959) (1,423)

(23,479) (1,194) (16) -

(7,878)

25,341

(171,052) 167,560 (3,427)

(25,000) 5,000 (1,286)

(6,920)

(21,286)

57,821

21,396

61,831

40,435

119,652

61,831

The results presented in this report have not been audited and were prepared in Dollars in conformity with generally accepted accounting principles in the United States, as of any date of determination, or “GAAP.”

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results

EMPRESA GENERADORA DE ELECTRICIDAD ITABO, S. A. (An indirectly subsidiary of The AES Corporation) UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts expressed in thousands of US dollars)

4Q10

4Q09

50,250 362 50,612

REVENUES 48,102 Electricity sales 90 Other revenues 48,192 Total revenues

12M10

OPERATING COSTS AND EXPENSES Cost of electricity sales Operating, maintenance and general expenses Selling, general and administrative expenses Depreciation Amortization of contracts

(37,507) (4,791) (3,718) (3,663) (118)

(24,240) (2,833) (3,205) (4,786) (118)

(49,797)

(35,182) Total operating costs and expenses

12M09

198,269 1,216 199,485

213,187 1,183 214,370

(171,233) (21,262) (12,232) (15,728) (471)

(115,369) (15,449) (12,597) (19,456) (471)

(220,926)

(163,342)

13,010 Operating (loss) income

(21,441)

51,028

2,016 (5,424) (1,612) (7,267) (97) (12,384)

3,329 Interest income (5,260) Interest expense (122) Amortization of deferred financing costs (464) Other income - net (35) Remeasurement loss (2,552) Total non operational

9,775 (18,217) (2,010) (10,781) (296) (21,529)

15,859 (21,747) (505) (3,447) (43) (9,882)

(11,569)

10,458 (Loss) income before taxes

(42,970)

41,146

(2,198)

(2,083) Income tax (expense) income

7,089

(9,142)

(35,881)

32,004

815

(13,767)

8,375

Net (loss) income

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results EMPRESA GENERADORA DE ELECTRICIDAD ITABO, S. A. (An indirectly subsidiary of The AES Corporation) UNAUDITED CONSOLIDATED BALANCE SHEETS December 31, 2010 and 2009 (Amounts expressed in thousands of US dollars)

Dec. 31st, 2010

Dec. 31st, 2009

71,482 267 3,422 56,574 51 1,456 10,724 11,461 1,189 688 157,314

78,874 276 1,703 88,782 1,567 1,737 14,812 12,170 19,471 667 862 220,921

342,790 (131,774) 8,010 8,038 227,064

344,276 (121,558) 1,280 8,030 232,028

ASSETS CURRENT ASSETS Cash and cash equivalents Restricted cash and cash equivalents Accounts receivable Accounts receivable – related parties, net Other receivable Other receivable – related parties Fuel inventory Materials and supplies inventory - current Income tax receivable Prepaid expenses and other assets Deferred tax asset Total current assets Property, plant and equipment Property, plant and equipment Accumulated depreciation and amortization Construction in progress Land Net property, plant and equipment Long term assets Long term receivables from customers Income tax receivable LT Debt service reserves Deferred financing costs Intangible - contracts Other assets Total long term assets

32,690 19,733 5,531 2,902 2,628 6,391 69,875

36,652 6,797 1,959 3,099 2,254 50,761

Total assets

454,253

503,710

18,921 42,893 7,390 69,204

8,873 28,789 21,631 59,293

131,466 4,029 16 135,511

125,000 13,987 41 139,028

355,556 207 (106,225) 249,538

355,556 177 (50,344) 305,389

454,253

503,710

Liabilities and stockholders' equity Current liabilities Accounts payable Accounts payable - related parties Accrued liabilities Total current liabilities Notes payable - long term Deferred income tax liability Other long - term liabilities Total long term liabilities Stockholders' equity Common stock (56,355,556 shares autorized and outstanding) Additional paid-in-capital Accumulated losses Total stockholders' equity Total liabilities and stockholders' equity

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results EMPRESA GENERADORA DE ELECTRICIDAD ITABO, S. A. (An indirectly subsidiary of The AES Corporation) UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts expressed in thousands of US dollars) 4Q10

4Q09

12M10

12M09

Cash flows from operating activities (13,767)

8,375

3,663 118 1,612 8,691 8,095 437

55 (214)

4,786 118 122 (7,857) 7 (16) 525 17 284 17 277

(1,759) 20,193 44 6,758 (3,634) (973) 191 2,905 1,010 6,617 (10,902) 29,139

(59,022) 51,881 (176) (1,444) (5,895) 3,790 (504) (1,534) 35,674 (7,788) 22,405 44,043

(6,992)

(5,402)

8,971 (1,455) (5,531) 217 743

(21,263) 850 21,264 -

Long term investment Sale of short term investment Purchase of short term investment Debt service reserves Proceeds from sales of property , plant and equipment Proceeds from sales of sovereigns bonds Change in restricted cash and cash equivalents

(4,047)

(4,551)

Net cash (used in) provided by investing activities

Net (loss) income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Amortization of contracts Amortization of deferred financing costs Provision for deferred tax Loss in accoounts receivables collected with sovereingns bonds Gain on debt/liability extinguishment and dividend payment Gain on sale of sovereigns bonds Loss (gain) on asset disposal Allowance for doubful accounts Income tax payments Long term compensation Remeasurement gain (loss) Changes in assets and liabilities: Accounts receivable - trade Accounts receivable – related companies Other receivable Other receivable – related parties Fuel inventory Materials and supplies Prepaid taxes Prepaid expense and other assets Accounts payable Accounts payable - related parties Accrued liabilities and other Net cash provided by operating activities

(35,881)

32,004

15,728 471 2,010 (8,400) 8,095 2,907

19,456 471 505 (798) 5,417 (2,784) (821) (325)

52 (214)

67 285

2,243 32,208 1,516 281 4,088 709 (1,451) (2,090) 8,855 27,879 (15,703) 43,302

(54,548) 51,149 (697) (1,444) (10,116) (1,338) 1,224 (10,642) 13,909 18,354 59,330

(15,258)

(9,280)

8,971 (1,455) (5,531) 217 9

850 21,264 5

(13,047)

12,839

131,466 (133,095)

Cash flows from investing activities: Additions to property, plant and equipment

Cash flows from financing activities: 131,466 (133,095)

(2,080)

(3,709) 136

New Borrowings Principal Repayments 1

Dividends payment Payments of deferred financing costs

(33,775) (2,243)

(13,790) -

Net cash used in financing activities

(37,647)

(13,790)

(16) EFFECT OF EXCHANGE RATE CHANGES ON CASH

(16)

21,519

39,476 NET INCREASE (DECREASE) IN CASH

(7,392)

58,363

49,963

39,398 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

78,874

20,511

71,482

78,874 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

71,482

78,874

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Andres-DPP and Itabo are controlled and managed by subsidiaries of AES. Itabo owns the lowest-cost thermal power generation units in the Dominican Republic. Itabo operates power generation units that in the aggregate have 260 MW of effective and installed capacity. Itabo also has the only loading dock with the capacity to service Panamax vessels and to unload to 60,000 tons of solid fuels in bulk. Andres and DPP, own and operate power generation units that in the aggregate have 555 MW of installed capacity, which represent approximately 21% of the current total installed capacity, in the Dominican Republic. Andres also has the only liquefied natural gas, or LNG, shipment receiving terminal in the Dominican Republic, a degasification facility and a storage facility, or LNG facility, and a natural gas pipeline to Santo Domingo. The unaudited pro forma combined balance sheet and statement of operations presented in this report have not been audited and were derived from the unaudited consolidated financial statements of Andres and the unaudited consolidated financial statements of DPP. The information provided by the consolidated financial statements of Andres and the consolidated financial statements of DPP has been prepared in accordance with USGAAP. Itaboâ&#x20AC;&#x2122;s results have not been audited and were prepared in Dollars in conformity with generally accepted accounting principles in the United States, as of any date of determination, or â&#x20AC;&#x153;GAAP.â&#x20AC;? The unaudited pro forma combined financial information described above is being provided for illustrative purposes only. Andres and DPP may have performed differently if they had actually been combined during the periods presented. This unaudited proforma combined financial information should be read in conjunction with the unaudited consolidated financial statements as of and for the periods ended on December 31st, 2010 and 2009 and December 31th, 2009, and notes thereto, of each of Andres and DPP. You should not rely on the pro forma combined financial information as being indicative of the historical results that would have been achieved by Andres and DPP if they had always been combined. The AES Corporation (NYSE: AES) is a Fortune 500 global power company with generation and distribution businesses. Through our diverse portfolio of thermal and renewable fuel sources, we provide affordable and sustainable energy to 29 countries. Our workforce of 27,000 people is committed to operational excellence and meeting the world's changing power needs. Our 2009 revenues were $14 billion and we own and manage $40 billion in total assets. To learn more, please visit www.aes.com. This report may contain forward-looking statements speculative in nature based on the information, operational plans and forecasts currently available about future trends and facts. As such, they are subject to risks and uncertainties. A wide variety of factors may cause future real facts to differ significantly from the issues presented or anticipated in this report, including, among others, changes in general economic, political, government and business conditions. In the event of materializing any of these risks or uncertainties, or if underlying assumptions prove to be mistaken, future real facts may vary significantly. Itabo is not bound to update or correct the information contained in this report.

Please address any questions or comments related to this report to Investor Relations, email address: inversoraesdom@aes.com

Andres Dominicana and Itabo Dominicana, Earning Release

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4Q10 Relevant Results Glossary of key terms Btu:

CDEEE:

British thermal units of measurement. It is a unit of heat in the English European System. Its equivalence in the International System (IS) is the Calorie. The prices of Natural Gas are usually expressed in US$/MMBtu. 1 Btu is equivalent to 252 calories. Corporación Dominicana de Empresas Eléctricas Estatales. Previously known as CDE.

Coordinating Body:

“OC” or Organismo Coordinador. Whose function is to plan and coordinate the economic operations of the power providers with those of the transmission, distribution and commercialization system that form the SENI.

Deregulated Users (NRU):

The user of the electrical service which monthly demand exceeds the limits established by Superintendence in order to be classified as an unregulated user under the General Electricity Law.

EAF: Effective Capacity: EFOR: Firm Capacity: FX:

Equivalent Availability Factor The currently available capacity, as of any date of determination, for generation of a unit or the amount of MW that a power generation unit can reliably generate. Equivalent Forced Outage Rate The amount of capacity assigned by the Coordinating Body to each power generation unit for being available to cover the demand in peak hours. Foreign exchange, a banking term for changing money from one currency into another.

GDP:

The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year).

Henry Hub:

The specific pricing point for natural gas future contracts on the New York Mercantile Exchange, or NYMEX.

Installed capacity:

The amount of MW a turbine is designed to produce upon installment (name-plate capacity).

Liquid Natural Gas (LNG):

Platts:

Natural Gas processed to be transported in liquid form. It is the best alternative for transporting and storage because when transformed into liquid at atmospheric pressure and -163° C, the liquefaction process reduces the volume of gas by 600 times. Is a provider of energy information around the world that has been in business in various forms for more than a century and is now a division of The McGraw-Hill Companies. Products include Platts Energy Economist, industry news and price benchmarks for the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets.

PPA:

Power Purchase Agreement.

SENI:

Sistema Eléctrico Nacional Interconectado or the National Interconnected Electrical System.

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