AES Dominicana 3q10 by AES Dominicana

Third Quarter Relevant Results

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

Santo Domingo, Dominican Republic December 15th, 2010

3Q10 Relevant Results

inversoraescac@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$23.7 million in the third quarter 2010. Santo Domingo, Dominican Republic, December 15th, 2010 – Today AES Andres and Dominican Power Partners (DPP) announced combined results for the third quarter 2010. All operating and financial information, except where otherwise specified, is based on the combined figures of AES Andres and Dominican Power Partners, and their subsidiaries, and expressed in US dollars in conformity with Generally Accepted Accounting Principles Applicable in the United States (USGAAP). Revenues increased 65.2% to US$105.7 million in the third quarter 2010 compared to the same period of 2009 and the accumulated Revenues for the nine month period ended in September 2010 increased 71.4% to US$284.6 million. Net Income for the third quarter 2010 was US$23.7 million compared to a Net Income of US$12.7 million in the same period of 2009 and the accumulated Net Income as of September 2010 was US$51.0 million compared to a Net Loss of US$5.7 million in the same period 2009. 3Q10

3Q09

105.7 60.9 44.8

(Millions of US$)

9M10

64.0 Revenues 34.1 Operating costs and expenses 29.9 Operating income

42.4%

46.7% Operating income margin

23.7

12.7 Net Income (loss) (*)

284.6 172.9 111.7

166.0 128.7 37.3

39.2%

22.5%

51.0

Net Cash Provided (Used) by 4.7 Operating Activities

(0.2)

9M09

52.4

(5.7) 1.5

(*) Net Income includes interest expenses of US$9.6 million in 3Q10 and US$9.5 million in 3Q09 and US$28.6 million in 9M10 and 28.5 million 9M09, respectively, 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. 1

External Factors

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

Dominican Republic’s GDP grew 7.6% during 3Q10.

The exchange rate as of September 30th, 2010 was RD$37.22 per US dollar (Bid) and RD$37.07 per US dollar (Ask).

Fuel-Oil #6

10 US$/MMBTU

Inflation stood at 4.24% at the end of September, 2010.

Analysis of Financial Results

2-3

Financial Debt Summary

3-4

Liquidity

Operational Results

Operational Developments

Safety Indicators

Environmental Matters

Financial Statements Glossary of Key Terms

9.98

10.83

9.86

Inside this report:

8 Gas Natural

6 4

4.23 Carbón

5.03

3.58 2.43 3.19

2.22

0 3Q09

4Q09

1Q10

2Q10

3Q10

Average Nymex Henry Hub natural gas prices were US$4.23 per MMBtu for the second quarter, with a peak of US$4.85 per MMBtu and a low of US$3.65 per 2 MMBtu. . Total electricity demand as of September 30th, 2010 reached 9,012 GWh, an increase of 9.3 % versus the same period 2009.

1 2

Source: Dominican Central Bank, Coordinating Body and Platts. Pricing under the BP Contract is at a premium to the Henry Hub natural gas price per MMbtu on the NYMEX Index.

AES Dominicana, Earning Release

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6-8 10

3Q10 Relevant Results Analysis of Combined Financial Results (In USGAAP) Revenues increased 65.2% to US$105.7 million in the third quarter 2010 compared to the same period of 2009. These results were mainly driven by: (i) higher contracted sales by US$36.1 million, primarily due to an increase in demand which resulted in a higher quantity of energy sales, and higher prices which are indexed monthly to the NYMEX natural gas prices; (ii) higher spot sales by US$4.3 million; and, (iii) an increase of US$1.3 million in natural gas & other sales. For the nine months ending September 30th, 2010, Revenues totaled US$284.6 million, an increase of 71.4% as compared to the same period of 2009. This result was mainly caused by: (i) higher contracted sales by US$79.0 million, basically to higher prices and higher energy volume; (ii) higher spot sales by US$37.3 million primarily due to higher generation and higher average spot prices; and (iii) higher other sales by US$2.3 million due to higher natural gas sales. It should be noted that lower generation during the nine months ended on September 30th, 2009, that drives the variations described above, was driven by Andresâ&#x20AC;&#x2122; limited capacity operation during part of this period. Revenues consist of the following:

3Q10

3Q09

86.7 17.2 1.8 105.7

50.6 12.9 0.5 64.0

Var% 71.3 33.3 260.0 65.2

(Millions of US$) Electricity sales â&#x20AC;&#x201C; Contracts Electricity sales â&#x20AC;&#x201C; spot market Natural Gas Sales & Other Sales Total Revenues

9M10 224.5 55.9 4.2 284.6

9M09 145.5 18.6 1.9 166.0

Var% 54.3 200.5 121.1 71.4

Operating Costs and Expenses increased 78.6%, in the third quarter 2010, to US$60.9 million compared to the same period of 2009. This variance was principally a net result of: (i) higher cost of sales by US$25.0 million, primarily due to higher fuel cost derived from higher generation and higher LNG prices; (ii) Higher operating maintenance and general expenses by US$2.1 million; (iii) positive impact due to derivate instruments by US$1.9 million; and, (iv) higher depreciation expenses by US$1.6 million. Operating Costs and Expenses for the nine month period ending as of September 30th, 2010, increased 34.3% to US$172.9 million compared to the same period in 2009. This variance was mainly caused by: (i) higher cost of sales by US$43.3 million derived from higher generation, the related increase in LNG consumption combined with higher LNG prices; (ii) higher depreciation and amortization of intangible assets by US$2.7 million; (iii) higher operating, maintenance and general expenses by US$0.8 million; partially offset by a (iv) positive impact due to derivatives instruments by US$2.6 million. Operating costs and expenses consist of the following: 3Q10 3Q09 49.7 24.7 7.4 5.3 (1.6) 0.3 5.4 3.8 60.9 34.1

Var% 101.2 39.6 n/a 42.1 78.6

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

9M10 9M09 136.0 92.7 23.9 23.1 (1.4) 1.2 14.4 11.7 172.9 128.7

Var% 46.7 3.5 n/a 23.1 34.3

Total Other Expenses were US$13.1 million in the third quarter 2010 compared to other Expenses of US$9.2 million in the same period of 2009. This increase was mainly a net function of: (i) higher other expenses by US$4.0 million (Gain on sale of investments as result of Sovereign Bonds sold and the insurance reimbursement from the transformer failure were booked during this period in 2009); (iii) higher commercial interest income by US$0.2 million; and, (iv) Lower foreign currency gain by US$0.1 million. As of September 30th, 2010, Net Expenses increased to US$36.8 million, as compared to total expenses in the same period of 2009 of US$34.6 million. This variance was primarily a result of: (i) higher other expenses by US$8.1 million; (ii) favorable asset impairment by US$7.3 million; (iii) lower net commercial interest income by US$2.0 million basically due to lower account receivables; (iv) lower deferred financing cost amortization by US$0.6 million; (v) lower interest financial expenses by US$0.4 million; and, (vI) lower foreign currency gain by US$0.4 million.

AES Dominicana, Earning Release

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3Q10 Relevant Results Other (Expenses) consists of the following: 3Q10 (4.2) 1.9 (9.6) (0.4) 0.0 (0.9) 0.1 (13.1)

3Q09 (4.2) 1.7 (9.5) (0.5) 0.0 3.1 0.2 (9.2)

Var% 0.0 11.8 1.1 (20.0) 0.0 n/a (50.0) 42.4

(Millions of US$)

9M10

Interest (expense) – financial - net Interest income – commercial and others-net Subordinated intercompany loan interest expense (*) Deferred financing costs amortization Investment Asset Impairment Expense Other Income (expenses) Foreign currency gain Total Other (Expenses)

(12.5) 6.5 (28.5) (1.2) 0.0 (1.4) 0.3 (36.8)

9M09 (12.9) 8.5 (28.5) (1.8) (7.3) 6.7 0.7 (34.6)

Var% (3.1) (23.5) 0.0 (33.3) (100.0) n/a (57.1) 6.4

(*)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 Cash Used in Operating Activities was US$0.2 million for the third quarter 2010 compared to a Net Cash Provided by Operating Activities of US$4.7 million in the same period of 2009, mainly due to the following: (i) Negative impact due to higher accounts receivables by US$13.1 million; (ii) positive impact from higher net income by US$11.0 million; (iii) negative impact due to lower accounts payables by US$10.8 million; (iv) positive impact of lower inventory by US$5.5 million; and, (v) positive reconciling adjustment by US$2.5 million reconciling net income to net cash used in operations. Net Cash Provided by Operating Activities for the nine month period ending September 30, 2010 was US$52.4 million compared to a Net Cash Provided by operating activities of US$1.5 million for the same period in 2009. This variation was primarily the result of: (i) higher net income by US$56.7 million; (ii) higher income tax paid by US$22.2 (Andres did not pay income tax in advance during 2009); (iii) lower accounts payable by US$20.8 million; (iv) lower accounts receivable by US$17.6 million due to collections in March 2010 that resulted from Government Stand-By Agreement with the IMF and the subsequent positive timely payment by the Government for the remainder of this period; (v) lower inventory by US$13.6 million; and, (vi) US$6.1 million higher positive reconciling adjustments, reconciling net income to net cash provided by operations. 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 net cash used of US$2.8 million for the third quarter 2010. In addition to the net cash used in Operating Activities of US$0.2 million, during this period, there were additions to property, plant and equipment of US$2.6 million. As of September 30th, 2010, the Free Cash Flow was net cash provided of US$44.0 million. In addition to the net cash provided by operating activities of US$52.4 million, there were additions to property, plant and equipment by US$8.4 million.

Financial Debt Summary On October 28th 2010 Andres announced an offer to purchase all of its outstanding international Notes, through a Tender Offer th th expiring on November 26 , 2010. This Tender Offer included an option for investors to provide Early Consent by November 10 , th 2010 in exchange for a premium over the tender price.. On November 12 and concurrent with the Early Consent, AES Andres, through its newly established Andres Dominicana subsidiary, issued $167.5M of senior notes and announced that any notes not tendered by November 26th, 2010 would be called by December 13th, 2010. The new Senior Notes expire on November 12, 2020 and bear interest at 9.5%. Financial Debt

Sep-10

Dic-09

Local Currency

Foreign Currency Total Debt

156 156

161 161

100%

(expressed in millions of US$)

Fixed Rate Variable Rate

Short Term

100% 12.22%

100% 11.86%

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.

AES Dominicana, Earning Release

-3-

3Q10 Relevant Results Rating Agency Fitch Ratings

Senior Notes 2015

Standard & Poor's

Senior Notes 2015

Fitch Dominicana

Guaranteed Ordinary Bonds

Rating B-

Outlook Stable

B-

Positive

BBB (dom)

Liquidity Collections

Collection Rate

In the third quarter of 2010, the average collections rate stood at 69% compared with 72% registered in the same quarter of 2009. The reason for this decrease is basically that the Distribution Companies did not receive the subsidy fund from the Government on time during September.

Sovereign Bonds Effect

IMF Agreement Effect

167% 120%

YTD September 30th, 2010, the average collection rate

100%

72%

was 96%, against 123% in the same period 2009. During this period the electricity sector has benefited from the DR Government’s receipt of funds under the Standby Agreement with the IMF. Currently, AES Dominicana accounts receivables have 87 days sales outstanding, (DSO) compared to 168 during the same period of 2009.

69%

3Q09

4Q09

1Q10

2Q10

3Q10

Operational Results In the third quarter of 2010, the Combined Net Generation was up by 45.1% relative to the third quarter of 2009, from 621 GWh in 2009 to 901 GWh in 2010, primarily a result of DPP operating as a base load power plant during this period. Total Energy Sold during 3Q10 was 901 GWh, an increase of 43.7% compared with Q309, a function of the higher generation mentioned above and more UNR clients. During the third quarter 2010, Andres’ Firm Capacity increased 13.9% to 263MW, and the EFOR was 0.1. DPP’s Firm Capacity increased 35.3% as a result of higher availability since the operational improvements performed on its units. As of September 30th 2010, Combined Net Generation was 2,427 GWh, an increase of 55.1% compared to the same period of 2009. This increase was mainly a net result of two factors: (i) Los Mina/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 46.5% to 2,440 GWh, basically due higher generation, higher UNRs sales and new contracts with EDESur and EDENorte (in 2009, we only had one energy contract with EDENorte). Andres’ Firm Capacity increased 15.9% to 255MW and the EFOR decreased from 18.0% to 0 -- 2009 EFOR was affected by the transformer failure in 2009 and the implementation of several operational improvement initiatives has also helped improve the metrics in 2010. DPP’s EFOR decreased 92% primarily a result of the replacement of Turbines Control System. As of September 30th, 2010 Installed capacity (MW) Power Generation Units Effective capacity (MW) Contracted capacity (MW) 3Q10

3Q09

Var.%

Andres 319 1 304 117

DPP 236 2 236 210

Operating Data

Aggregate 555 3 540 327 9M10

9M09

Var.%

915 (14)

634 (13)

44.3 Gross generation 7.7 Internal consumption

GWh GWh

2,465 (38)

1,593 (28)

54.7 35.7

901

621

45.1 Net Generation

GWh

2,427

1,565

55.1

901 263 7,636 97 0.1

627 231 7,760 98 0.7

GWh MW Btu/KWh % %

2,440 255 7,626 96 0

1,666 220 7,923* 72 18.0

46.5 15.9 (3.7) 33.3 (100.0)

43.7 13.9 (1.6) (0.7) (85.7)

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

35.3 DPP's Firm Capacity

15.8

18.8 DPP EAF

(12.1)

0.1

2.1

(95.2) DPP EFOR

0.4

5.0

(92.0)

* Data revised.

AES Dominicana, Earning Release

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3Q10 Relevant Results Operational Developments As of September 30th, Andres had 40 UNRs contracts, totaling 67 MW. During the third quarter 2010, three vessels docked at Andres LNG Terminal carrying around 9 TBtu of natural gas. On October 4th, 2010, Andres and Falcondo signed a 3 year commercial offer of 400 GWh in year 2011 and 590 GWh in years 2012 and 2013 respectively. The supply is expected to take place beginning on January 1st, 2011.

Safety Indicator During the third quarter of 2010, Andres and DPP accomplished the goal of zero Lost Time Incidents (LTI) and no fatalities. As part of the new Safety initiatives being implemented, a new program call “Safe Start” was started. Safety training for the following programs was given to all employees and contractors: - Electrical safety - Job Safety Analysis - Confined Space - Lock out / Tag Out - Proactive Safety - Hot work - Hoisting and Rigging - Fall prevention - Emergency preparedness

Environmental Matters During the third quarter 2010, the Environmental Compliance Report ICA No. 11 and No. 2, for the period January – February 2010, was submitted to the Environmental Ministry. As of September 30th, 2010 we have complied with all environmental requirements. 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.

AES Dominicana, Earning Release

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3Q10 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)

3Q10

3Q09

9M10

9M09

REVENUES 86,684 17,203 1,803 13 105,702

50,564 12,879 500 14 63,958

Electricity sales – contracts Electricity sales – spot market Natural gas sales Commodity derivative loss Other sales Total revenues

224,456 55,940 4,175 39 284,610

145,534 18,587 1,737 142 166,001

134,341 1,637 23,868 (1,385) 14,454

91,791 933 23,099 1,233 11,719

172,914

128,774

111,696

37,226

(5,937) (28,589) (1,148) (1,462) 331

(4,427) (28,589) (7,226) (1,711) 6,639 630

74,892

2,543

(23,897)

(8,194)

50,995

(5,652)

OPERATING COSTS AND EXPENSES 49,567 121 7,387 (1,639) 5,433

23,741 933 5,285 298 3,833

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 Derivatives instruments Depreciation and amortization of intangible assets

60,868

34,091

44,834

29,867 OPERATING INCOME

(2,268) (9,634) (381) (929) 121

(2,520) (9,530) 0 (466) 3,097 157

31,743

20,605 INCOME BEFORE TAXES

Total operating costs and expenses

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

(8,019)

(7,854)

23,724

12,751 NET INCOME (LOSS) (**)

Income tax expense

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.” (*) 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 3Q10 and US$9.5 million 3Q09 and US$28.6 million in 9M10 and US$28.5 million in 9M09, 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. .

AES Dominicana, Earning Release

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Sept. 2010

Dec. 2009

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

100,789 1,196 136,364 31,244 127 6,068 18,396 5,684 783 300,652

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

10,370 581,012 (134,225) 457,157

10,370 573,919 (121,645) 462,644

3,124 23,138 8,580 1,267 36,109

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

793,918

713,094

CURRENT LIABILITIES Accounts payable and accrued liabilities Accounts payable and accrued liabilities – related parties Notes payable - short term Intercompany loan interest Income tax payable Deferred income tax - short term Total current liabilities

39,035 5,321 9,634 33,384 13,217 100,590

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

LONG TERM LIABILITIES Deferred income tax - long term Intercompany loan Notes payable Long term derivative Long term compensation Other liabilities Total long term liabilities

22,212 413,153 156,000 370 67 5,241 597,042

21,373 413,153 156,000 453 253 591,233

15,019 108,420 1,336 (28,454) (37) 96,285

15,019 109,158 (299) (78,660) (35) 45,183

793,918

713,094

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY

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.”

AES Dominicana, Earning Release

-7-

3Q10

3Q09

9M10

9M09

OPERATING ACTIVITIES: 23,724

12,729

5,433 (337) 7,048 381 888 0 58 971 (33,331) (20,964) 284 (446) (131) (1,103) 607 21,213 1,369 (18,723) 7,808 70 4,994

3,855 298 1,020 466

(188)

0 63 6,835 (1,379) (17,480) (21,291) (239) (2,344) (5,680) 1,306 (54) 1,699.85 13,990 19,401 (8,406) (137) 79 (65) 4,667

(2,579) (13) 47

(2,303) 34,957 (6) (15) (713)

(2,545)

31,921

(5,000) 5,000 13 (0)

(15,404) 15,404 6 1

13 (2,721)

Net income(Loss) 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 sale of investment Loss on asset disposal Foreign currency translation Long term incentive compensation Deferred income tax expense Investment Asset Impairment Expense 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 Other assets Increase in accounts payable and accrued liabilities Increase in accounts payable and accrued liabilities – related parties Decrease in income tax payable Intercompany interest payment Decrease in deferred tax liability Decrease in long term compensation (Decrease) increase in Other liabilities Net cash provided by (used in) operating activities INVESTING ACTIVITIES: Additions to property, plant and equipment Decrease in long term investment Decrease in restricted cash Decrease in short term investments (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 provided by (used in) financing activities

50,995

(5,674)

14,454 (83) 20,184 1,148 1,438 (2) 185 3,713 -

11,740 1,233 970 1,711 1,678 1 172 7,225 5,032

(18,917) (24,736) 2,053 (3,220) 1,011 (4,201) 2,372 31,083 1,898 (37,510) 5,616 5 4,963

(31,421) (26,300) (129) (4,538) (12,586) 12,200 (702) 1,176 1,700 33,421 20,349 (15,302) (448) (19)

52,448

1,489

(8,365) -

(18,165) 50,030

1,171 (788)

(14) (655)

(7,982)

31,196

(5,000) 13 (521)

(15,404) 5,000 6 (700)

(5,508)

(11,098)

36,595 NET INCREASE (DECREASE) IN CASH

38,958

21,587

103,509

25,427 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

61,831

40,435

100,789

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

100,789

62,022

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.”

AES Dominicana, Earning Release

-8-

3Q10 Relevant Results The 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. 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 pro forma combined financial information should be read in conjunction with the unaudited th consolidated financial statements as of and for the periods ended on September 30 , 2010 and 2009 and December 31, 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. Andres and DPP, affiliates of The AES Corporation (AES), 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 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. AES Dominicana is not bound to update or correct the information contained in this report.

AES Dominicana, Earning Release

-9-

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

3Q10 Relevant Results Glossary of key terms Btu:

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.

TBtu

Trillion of Btu.

CDEEE:

Corporación Dominicana de Empresas Eléctricas Estatales.

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 (UNR):

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.

DPP:

Dominican Power Partners.

EAF:

Equivalent Availability Factor

Effective Capacity: EFOR: Firm Capacity: FX:

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):

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.

PPA:

Power Purchase Agreement.

SENI:

Sistema Eléctrico Nacional Interconectado or the National Interconnected Electrical System.

AES Dominicana, Earning Release

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