X0202 4 2006-02-24 0 0000874761 AES CORP AES 0001237646 RUGGIRELLO JOHN R C/O THE AES 4300 WILSON BOULEVARD ARLINGTON VA 22203 0 1 0 0 Executive VP Common Stock 2006-02-24 4 A 0 995 17.58 A 95493 I by 401(k) Plan Common Stock 15086 I by Spouse Units 2006-02-27 4 A 0 1999 17.66 A Common Stock 1999 14796 D This 11% (of base salary) discretionary retirement savings award was granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 24, 2006 subject to applicable IRS contribution limits. The closing stock price on February 24, 2006 was used to determine the number of shares awarded. January 2006 contributions to the Plan are also included. These units are awarded pursuant to the Restoration Supplemental Retirement Plan ("Restoration Plan"). The total number of units reflects the total of this award under the Restoration Plan and the existing balances in both the Restoration Plan and The AES Corporation Supplemental Retirement Plan (the "Plan"). The Plan was frozen in 2004 and no subsequent contributions have been made to it. Units under these plans will be paid out in accordance with Section 409(A)of the Internal Revenue Code and the terms of the relevant plan documents. Each unit is initially equal to one share of AES Common stock and units under the plans are 100% vested upon award. John R. Ruggirello 2006-02-28