He led the
company's business in the Caribbean and Central America and
served as Chairman and CEO of Electricidad de Caracas in
Venezuela and of Gener in Chile.

Asia. AES operates in 27 countries, generating 44,000 megawatts of
electricity through 120 power facilities and delivers electricity
through 15 distribution companies. To
learn more about AES, please visit www.

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(NYSE: KRO) today announced price increases for all Kronos titanium dioxide
grades sold in all markets worldwide.05 per pound.
* In the Middle East and Africa, by U. $150 per metric ton.

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The organizational
changes also streamline some corporate functions in order to more
effectively support AES businesses around the globe. The regional
alignment will allow us to capture the benefits of regional
integration, both in terms of our existing businesses and future
expansion opportunities ."

AES's four new regional business groups and leaders include:

North America. He has been with AES
since 1993 and played a significant role during the company's
restructuring, leading its successful asset sales program.

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S.

These price increases follow the December 2004 and January 2005 increases
on all Kronos titanium dioxide grades, which are expected to be fully
implemented by April 1, 2005. Prior to joining AES, Jay Kloosterboer held senior
positions at Honeywell International and also worked at General
Electric.

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CRANBURY, N.
* In Eastern Europe, by U.
"Our previous organizational structure by business lines was very
successful and allowed us to achieve strong financial results over the
past two years," said Hanrahan. He formerly served as General Counsel .com

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$150 per metric ton. Since joining AES in 1992, Qasim has held senior
leadership positions in the Middle East and North Africa,
where he worked in business development and subsequently led
the company's business operations.aes.

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S.S.----The AES Corporation
(NYSE:AES ) today announced the expansion of its leadership team and a
new regional organizational structure to drive business performance
and position the company for long-term quality growth.
The new structure includes the addition of four regional
presidents to lead AES's businesses in 27 countries. Prior to joining AES, he was with PG+E
Corporation, McKinsey and Company, Inc.

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06 per pound.

AES Expands Leadership Team; New Organization Aligns Regional Business Units to Drive Performance

Gee has led AES's strategy group
since 2004. and Baker Hughes. Since joining AES in 1994, Jaisinghani has
held senior leadership positions in Asia and the Pacific
region, where he worked in business development and
subsequently led the company's business operations. Shahzad Qasim will serve
as regional President of the Europe, Africa and Middle East
group .
Hanrahan also announced the creation of a corporate Business
Excellence group which will consolidate many of the corporate
functions into one group responsible for performance improvement and
providing support to AES's regional businesses.5
billion.

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S. $150 per metric ton. The businesses will be aligned on a regional basis as
compared to the previous business line structure. David Gee will serve as regional President of
the North America group.

Latin America. Before joining AES, he was
with the consulting firms McKinsey and Company, Inc.

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* In Europe, by euro 100 per metric ton. $150 per metric ton. "The timing is right to move the
organization to the next level of business performance. and Stone
and Webster Management Consultants. William Luraschi will lead Corporate Development and
Strategy.

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$0. Brian
Miller was named General Counsel and will continue to serve as
Corporate Secretary. Kloosterboer served as Chief Human Resources
Officer since 2003. Our 30,000 people are committed to
operational excellence and meeting the world's growing power needs.

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* In Asia Pacific, by U. Haresh Jaisinghani will serve as regional President of
the Asia group.

Europe, Africa and the Middle East.

Other AES leaders will be assuming new responsibilities on the
leadership team. Jay Kloosterboer will
lead this function .

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Kronos Worldwide Inc. Announces Price Increases for Titanium Dioxide Products in All Markets Worldwide

J., Kronos Worldwide, Inc.
* In Canada, by C $0. The regional
presidents will report to AES's President and Chief Executive Officer,
Paul Hanrahan. Andres Gluski will serve as regional President
of the Latin America group. Since joining AES in 2000, Gluski
has held several senior leadership positions. Prior to joining AES, he
worked in executive positions in the Venezuelan government,
multilateral and financial institutions and private utilities . He joined the company in 2001 and most recently
served as Deputy General Counsel and Corporate Secretary .com or contact media
relations at media@aes.

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* In South and Central America, by U.
Kronos Worldwide, Inc.

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Effective April 1, 2005, or as permitted by contract, prices for all
Kronos products will increase as follows:

* In the United States, by U. is a major international producer of titanium
dioxide pigments.

Business Editors/Energy Editors

ARLINGTON, Va .
The members of the Executive Office, which has key decision-making
authority for the company on management and operational issues,
remain: Richard Darman, Chairman; Paul Hanrahan; Robert Hemphill;
William Luraschi; John Ruggirello; and Barry Sharp.

About AES

AES is a leading global power company, with 2004 sales of $9.