30% indirect interest in AES Ohio (regulated electric utility)

sPower — largest US independent utility-scale solar IPP (1.3 GW operating + 10 GW pipeline; 75+ utility-scale solar/wind projects in 11 states)

Fir Tree Partners → AES Corporation + Alberta Investment Management Corporation (AIMCo) — 50/50 JV

$1.6B ($853M cash + $724M assumed non-recourse debt)

AES Clean Energy formation — sPower 1.3 GW operating + 12 GW pipeline merged with AES US clean energy

AES Corporation (75% future) + AIMCo (25% future)

13,300 MW

AES community solar portfolio — 215 MWdc / ~30 projects in NY, MA, IL

AES Corporation → Silicon Valley Bank (lead), KeyBank, Nomura

$301M

Section 45X Advanced Manufacturing Production Tax Credits — $700M from 2023 US solar module production (6.3 GW Ohio factories)

First Solar → Fiserv

$700M (at $0.96 per $1.00)

East Ohio Gas (rebranded Enbridge Gas Ohio) — natural gas distribution utility serving ~1M customers in Ohio

Dominion Energy → Enbridge Inc.

~$6.6B (East Ohio + Questar tranche; total Dominion utility program $14B)

WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream

AltaGas Ltd.

C$8.4B (~$6.4B USD; $88.25/share cash)