New York, December 15, 2014 -- On December 15, 2014, AES Corp. (Ba3 stable) announced the sale for $244 million of an indirect 15% interest-stake in its currently wholly-owned subsidiary IPALCO Enterprises, Inc (IPALCO; Baa3 stable) to the Canadian fund Caisse de dépôt et placement du Québec (CDPQ). During 2015 and 2016 CDPQ, will make equity contributions to IPALCO for up to $349 million in exchange for an up to 17.65% direct ownership-stake in IPALCO. Concurrently, AES also announced the Board of Director's authorization to double AES' dividend distributions starting during the first quarter of 2015.

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