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AES Corporation is recording a pre-tax impairment charge of $250 million to $325 million related to its Maritza power…
AESAes Corp
AES Corporation is recording a pre-tax impairment charge of $250 million to $325 million related to its Maritza power plant in Bulgaria due to the upcoming expiration of its Power Purchase Agreement in May 2026 and a decision not to invest in fuel conversion. While this charge reflects a reduction in the asset's carrying value, management expects it to have no impact on the plant's current cash flows or its ability to meet existing obligations through the end of the current contract.