AES Reports Q4 EPS of $0.23 vs. $0.25

The AES Corporation AES today reported results for the fourth quarter 2010. Consolidated Revenue increased by $628 million to $4.4 billion. Adjusted EPS increased $0.02 to $0.23 per share. The increase was primarily attributable to favorable operating results in Latin America and a lower effective tax rate. These were partially offset by a settlement agreement for gas transportation contracts at a Latin American generation business, a higher share count and higher business development costs.