This document is a proxy statement from The AES Corporation announcing their 2006 Annual Meeting of Stockholders. The meeting will be held on May 11, 2006 to elect 10 members to the Board of Directors, ratify the appointment of Deloitte & Touche LLP as the independent auditors for 2006, and consider adopting The AES Corporation Performance Incentive Plan. Stockholders as of March 3, 2006 are entitled to vote. The proxy statement provides biographies of each Board member standing for election and details on executive compensation.