爱依斯电力 2024年度报告

ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Fiscal Year EndedDecember 31, 2024-OR- TRANSITION REPORT FILED PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF1934 (Exact name of registrant as specified in its charter) 54-1163725 (I.R.S. Employer Identification No.) Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements forthe past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule12b-2 of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates on June28, 2024, the last business day of the Registrant'smost recently completed second fiscal quarter (based on the closing sale price of $17.57of the Registrant's Common Stock, as reported by the New York StockExchange on such date) was approximately $12.49billion. The number of shares outstanding of Registrant's Common Stock, par value $0.01per share, on March6, 2025 was711,900,547.DOCUMENTS INCORPORATED BY REFERENCE Portions of Registrant's Proxy Statement for its 2025 annual meeting of stockholders are incorporated by reference in Parts II and III The AES Corporation Fiscal Year 2024 Form 10-KTable of Contents Glossary of Terms The following is a list of frequently used terms and abbreviations that appear in the text of this report and have the definitionsindicated below: FluenceFluence Energy, Inc and its subsidiaries, including Fluence Energy, LLC, which was previously our joint venture with Siemens AG(Nasdaq: FLNC)FONINVEMEMFund for the Investment Needed to Increase the Supply of Electricity in the Wholesale Market in ArgentinaFPAU.S. Federal Power ActGAAPGenerally Accepted Accounting Principles in the United StatesGHGGreenhouse GasGILTIGlobal Intangible Low Taxed IncomeGSFGeneration Scaling FactorGWGigawattsGWhGigawatt HoursHLBVHypothetical Liquidation Book ValueIPALCOIPALCO Enterprises, Inc.IPPIndependent Power ProducersISOIndependent System OperatorITCInvestment Tax CreditIURCIndiana Utility Regulatory CommissionLIBORLondon Inter Bank Offered RateLNGLiquefied Natural GasMISOMidcontinent Independent System Operator, Inc.MMBtuMillion British Thermal UnitsMREEnergy Reallocation MechanismMWMegawattsMWhMegawatt HoursNAAQSU.S. National Ambient Air Quality StandardsNCINoncontrolling InterestNEKNatsionalna Elektricheska Kompania (state-owned electricity public supplier in Bulgaria)NERCNorth American Electric Reliability CorporationNMNot MeaningfulNOVNotice of ViolationNONitrogen DioxideNPDESNational Pollutant Discharge Elimination SystemNSPSNew Source Performance StandardsO&MOperations and MaintenanceONSNational System Operator in BrazilOTC PolicyStatewide Water Quality Control Policy on the Use of Coastal and Estuarine Waters for Power Plant CoolingOVECOhio Valley Electric Corporation, an electric generating company in which AES Ohio has a 4.9% i