AES Corp Says European Commission Unconditionally Approves Aes Merger On October 15, 2026; NYPSC Issues Ruling Requiring No Further Review For AES Merger On October 19, 2026

On October 15, 2026, the European Commission unconditionally approved the Merger under Council Regulation (EC) No. 139/2004 (as amended) (the "EU Merger Regulation Approval"). Additionally, on October 19, 2026, the New York Public Service Commission issued a declaratory ruling that the Merger requires no further review under New York Public Service Law Section 70 (the "NYPSC Approval"). The EU Merger Regulation Approval and the NYPSC Approval are conditions to the closing of the Merger, which remains subject to certain additional regulatory approvals and other customary closing conditions. Upon the closing of the transactions contemplated by the Merger Agreement, the Company will be jointly owned by investment vehicles affiliated with one or more funds, accounts or other entities owned, managed or advised by Global Infrastructure Management, LLC and the EQT Infrastructure VI fund as well as other investors.