---
schema_version: "secwatch.filing_event.v1"
accession: "0000874761-22-000059"
form_type: "8-K"
ticker: "AES"
cik: "0000874761"
company_name: "AES CORP"
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:28:09.021362+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AES to record $450M-$550M impairment on Maritza plant due to Bulgaria coal phase-out by 2038

## Summary
- Pre-tax impairment charge of $450M-$550M to be recognized as of June 30, 2022, due to reduced useful life of Maritza plant to 2038.
- Trigger: EU Council approved Bulgaria's plan on May 4, 2022, requiring coal phase-out by 2038.
- No expected impact on Maritza's existing PPA obligations through May 2026 or its cash flows.
- Final impairment assessment and tax impact to be completed in Q2 2022 10-Q filing.

## SEC filing metadata
- accession: 0000874761-22-000059
- form_type: 8-K
- ticker: AES
- cik: 0000874761
- company_name: AES CORP
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874761/000087476122000059/0000874761-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874761/000087476122000059/aes-20220620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874761-22-000059
- JSON: https://secwatch.observer/filing/0000874761-22-000059.json
- Plain text: https://secwatch.observer/filing/0000874761-22-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.