Willard Grainger's questions to AES Corp (AES) leadership • Q4 2024
Question
Willard Grainger questioned the flexibility in the capital plan to further reduce investments in favor of share repurchases, given the stock's valuation. He also asked if recent policy discussions at FERC or in Texas could impact AES's ability to sign long-term renewable contracts with corporate customers.
Answer
CEO Andrés Gluski acknowledged the stock price but affirmed commitment to the current plan, which he believes will deliver shareholder value, highlighting the significant dividend. He also stated that potential regulatory changes regarding private use networks are not expected to affect AES's project pipeline, which is resilient and primarily on private lands.