Belgian utility Tractebel is in talks with AES to acquire an electric distributor the U.S. power producer owns in southern Brazil. A New York official close to Tractebel says the company is eyeing AES Sul, a utility with 935,125 customers, in the belief it will fit in strategically with its generation investments in the region. Tractebel already owns Centrais Geradoras do Sul do Brasil (Gerasul), a 4,205 MW generating company in southern Brazil and is developing a further 4,620 MW of assets there. Jacques Van Hee, a Tractebel spokesman in Brussels, declined to comment and Kenneth Woodcock, a spokesman at AES in Arlington, Va., did not return calls.
March 10, 2002