Will that five-year plan be to the end of the decade?

Yes, it will.

There were some companies that commented on how hydrology out in Brazil was difficult. Did that impact your numbers to a positive degree in the third quarter?

The company has had favorable hydrology in the third quarter in Brazil which helped the results a lot. Generally, it is all a question of water management and not casual circumstances.

When you say favorable hydrology, do you mean hydrological conditions were low, so your fossil fuel planted fired up more favorably?

No. AES had water in the dams and was able to run its plants.

In terms of coal acquisitions, or coal Greenfield projects, have you felt any strategic value in terms of doing any coal acquisitions directly?

AES has acquired some coal mines in the past. It did this once in Hungary because it gave the company a reliable supply for its plants there. The same thing happened in Kazakhstan as well. The company recently opened up a coal mine in Oklahoma. Many of these projects are going to be mine mouth projects. The company considers that when it combines them, it will get some synergies because it will able to not just have a power plant where it has to rely on a single supplier, but it can put the two together. India is a case where now the government will allow a company to open up a coal mine in addition to running a power plant.

Is it a mine mouth per plan and not any other sort of large scale coal mine type acquisitions?

AES, as a rule, never talks about any M&A activity. It does see the benefits particularly where it has power plants involved in the coal side of things but does not want to comment more on that topic.

Can you comment on the situation at EDC?

The Supreme Court has decided to review a case, which dates back to the year 2000 in which it was alleged that the purchase of shares of EDC, a controlling interest by AES required congressional approval. The company has, at the time, complied with all the regulations of the Venezuelan government, Securities and Exchange Commission, and also of the electric sector, and believes it has meritorious elements to defend itself in this case. The company is confident it does have strong defenses to these claims.

What kind of distributions might you see coming off Brazil over time?

Tiete is a public company in Brazil and AES owns approximately about 26% of it. The distributions that Tiete has paid in the last full year were about $250 million for all shareholders. AES expects that the other company it has shares in Eletropaulo will begin next year to pay distributions as well.

Are those refinancing transactions mentioned in the release primarily at subsidiaries?

The refinancing transactions were the Brasiliana debt with BNDES. The sale of the Eletropaulo preferred shares was by Brasiliana. AES owns half of it and BNDES owns half of it. There will be refinancing that will occur within the Brasiliana chain. The net-net result will be a tax efficient chain and with about 800 million Reais of debt at Brasiliana. The company has done a number of refinancing at Eletropaulo which are in the $2.6 billion figure.

When you mentioned the Greenfield project looks more attractive than the acquisition, do you mean mostly out off the US or including the US as well?

The company includes the US. The company is seeing concerns about new capacity particularly if it''s going to be coal-fired capacity. The lead times to get those permitted are taking longer. There are some good opportunities in the US in addition to other parts of the world where there are going to be additions to capacity.