FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Gluski Andres   2. Issuer Name and Ticker or Trading Symbol AES CORP [AES] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, Latin America Regn (Last) (First) (Middle) 4300 WILSON BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 08/14/2006 (Street) ARLINGTON, VA 22203 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/14/2006   M   20,000 A $ 13.19 20,000 D   Common Stock 08/14/2006   S   800 D $ 20.16 19,200 D   Common Stock 08/14/2006   S   3,900 D $ 20.17 15,300 D   Common Stock 08/14/2006   S   1,500 D $ 20.18 13,800 D   Common Stock 08/14/2006   S   3,700 D $ 20.19 10,100 D   Common Stock 08/14/2006   S   1,500 D $ 20.2 8,600 D   Common Stock 08/14/2006   S   2,900 D $ 20.21 5,700 D   Common Stock 08/14/2006   S   900 D $ 20.22 4,800 D   Common Stock 08/14/2006   S   600 D $ 20.23 4,200 D   Common Stock 08/14/2006   S   2,600 D $ 20.24 1,600 D   Common Stock 08/14/2006   S   1,600 D $ 20.26 0 D   Common Stock               1,059 (2) I by 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option Grant (Right to buy)

$ 13.19

08/14/2006

M

20,000

10/25/2004(1)

10/25/2011

Common Stock

20,000

$ 0

30,696

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Gluski Andres 4300 WILSON BOULEVARD ARLINGTON, VA 22203			President, Latin America Regn

Signatures

Andres Gluski		08/15/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This 10 year stock option grant was awarded on 10/25/2001 and vested in three equal installments over three years such that the first 1/3 was vested on 10/25/2002, the second 1/3 was vested on 10/25/2003, and the remaining 1/3 was vested on 10/25/2004.
(2)	Based upon the latest plan statement dated August 14, 2006, Mr. Gluski does not report any change in ownership for shares he holds in the AES Retirement Savings Plan.

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