The AES Corporation · NYSE:AES
The AES — Corporate Update (November 2022)
21 slides from The AES's corporate update, Nov 30, 2022
Slide 1: Update for Wyoming County, New York
1 AES Update for Wyoming County, New York Brett Hastings Josh Baird Jay Atwater Neely Kelley November 30, 2022
Slide 2: Agenda
Agenda → Overview of AES → Stakeholder Relations and the AES Social Impact Program → Operations update → Repower plans for Bliss and Wethersfield Wind Parks → Q&A 2
Slide 3: Who is AES
Who is AES 3
Slide 4: AES - in the world
AES - in the world → 4 Continents → 14 Countries → 6 Utilities → 2.5 Million Customers Served → 8450 Global Workforce World Decarbonization Target • Current operating renewable assets in the world – 700 GW’s • Necessary to completely de-carbonize the world – 3000 GW’s 4
Slide 5: AES Clean Energy – In the US
AES Clean Energy – In the US → 5 GW Operating Portfolio → 4 GW Development Pipeline → 3846 MW Signed Power Purchase Agreements '21/22 → 1036 Clean Energy Workforce Operating In Development 5
Slide 6: AES Clean Energy – In NY
AES Clean Energy – In NY Future Work in the State 6
Slide 7: AES Clean Energy – In Wyoming County
AES Clean Energy – In Wyoming County Work in the County Silver Lake Solar Next Steps: - Interconnection agreement - End of Class Year commitment - Verify EPC pricing vs. NYSERDA contracted rate - Labor/Supply chain issues - Availability of EPC’s - Pilot agreement completion 7
Slide 8: AES Stakeholder Relations
AES Stakeholder Relations 8
Slide 9: The Stakeholder Relations Team: What we do
The Stakeholder Relations Team: What we do Accessibility Outreach Social Impact • To our stakeholders • Community meetings • Partnering with communities and organizations for high • Managing Websites • Public Hearings impact initiatives • Project emails • Tours • Goals Align with United Nations Sust
Slide 10: Partnering to strengthen positive impact through socioeconomic and environmental partnerships
Partnering to strengthen positive impact through socioeconomic and environmental partnerships that improve lives today and in the future. Focus Pillars Partnering for access to Partnering for Inclusive Partnering for the safe, efficient, and Partnering for economic growth & Environment affordable en
Slide 11: Social Impact In New York
Social Impact In New York By Pillar Partnering for access to Partnering for Inclusive Partnering for the Partnering for safe, efficient, and economic growth & Environment Community Resilience affordable energy and education basic services • Lyme Library • Barker Central School District • Autism Natu
Slide 12: FEH BOCES Social Impact Partnership
FEH BOCES Social Impact Partnership → Meeting to learn about their program → Share AES' goals and priorities → Identify a mutually beneficial project → Compliance Approval 12
Slide 13: NY Permitting 94-c and SEQRA
NY Permitting 94-c and SEQRA 13
Slide 14: Overview of 94-c and Municipalities
Overview of 94-c and Municipalities o ORES must make finding that the project complies with applicable substantive local laws and regulations. o Similar to Article 10, ORES can elect not to apply a local law that is unreasonably burdensome in view of CLCPA targets and environmental benefits of the p
Slide 15: 94-c Siting Application Exhibits
94-c Siting Application Exhibits 1. General Requirements 14.Wetlands 2. Overview and Public Involvement 15.Agricultural Resources 3. Location of Facilities and Surrounding 16.Effect on Transportation Land Use 17.Consistency with Energy Planning Objectives 4. Real Property 18.Socioeconomic Effects 5.
Slide 16: Repower Plans: Bliss and Wethersfield Wind parks
Repower Plans: Bliss and Wethersfield Wind parks 16
Slide 17: Partial Repowering Overview
Partial Repowering Overview Replace blades, drivetrains, and hubs (4, 5 & 6) • Keep existing towers and foundations • Foundations will require retrofits • No new turbines or change to layout expected • Utilize existing roads • Utilize existing underground electrical infrastructure Increase in Rotor
Slide 18: Energy Production
Energy Production 77m rotor vs. 97m rotor 18
Slide 19: Estimated repower timeline
Estimated repower timeline Repowering is contingent on NYSERDA award, which is still to be determined Site Improvements • Minor tree clearing Operations • Grading roads • Foundation retrofits • Resume operations • Turbine pad preparation 2022 2023 2024 Development Phase Installation • Permitting • D
Slide 20: Operations Update: Bliss and Wethersfield Wind parks
Operations Update: Bliss and Wethersfield Wind parks 20
Slide 21: Thank You
21 Thank You 21