================================================================================



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15 (d) OF

                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (date of earliest event reported): September 29, 1999

                               THE AES CORPORATION
             (exact name of registrant as specified in its charter)


        DELAWARE               333-15487                   54-1163725
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)


                       1001 North 19th Street, Suite 2000
                            Arlington, Virginia 22209

          (Address of principal executive offices, including zip code)

               Registrant's telephone number, including area code:
                                 (703) 522-1315

                                 NOT APPLICABLE
          (Former Name or Former Address, if changed since last report)



================================================================================

<PAGE>


Item 5.   Other Events

     On September 29, 1999, the AES  Corporation  (the  "Registrant")  announced
that an appellate  judge in the Minas Gerais state court system reversed a lower
court ruling and granted a temporary  injunction that suspends the effectiveness
of a shareholders' agreement for Cia. Energetica de Minas Gerais ("Cemig").  The
State of Minas Gerais had  previously  commenced an action seeking a declaratory
ruling that the shareholders'  agreement entered into as a condition of the 1997
auction of Cemig  shares is invalid.  The lower court judge had allowed the suit
to proceed but denied the temporary  injunction.  This appellate ruling suspends
the  shareholders'  agreement  while the action to  determine  its  validity  is
proceeding.

The declaratory judgment action applies only to the shareholders'  agreement and
does not purport to  challenge  AES's  ownership  interest  in Cemig.  Under the
shareholders'  agreement,  subsidiaries  of AES and  Southern  Company,  and The
Opportunity Fund, as minority shareholders in Cemig, are given certain rights to
participate in the administration and management of Cemig's operations.

AES is evaluating all of the options  available to it, and intends to vigorously
pursue  its  legal  rights in this  matter.  AES does not  anticipate  that this
temporary  suspension  of the  shareholders  agreement  will have a  significant
affect on its financial condition or results of operation.


<PAGE>



                                   SIGNATURES

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.





                                                    THE AES CORPORATION





     Date: October 6, 1999                           By /s/ William Luraschi
                                                       --------------------
                                                         (signing officer)
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{"company-data": {"conformed-name": "AES CORPORATION", "cik": "0000874761", "assigned-sic": "4991", "irs-number": "541163725", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12291", "film-number": "99724094"}, "business-address": {"street1": "1001 N 19TH ST", "street2": "STE 2000", "city": "ARLINGTON", "state": "VA", "zip": "22209", "phone": "7035221315"}}
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15 (d) OF

                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (date of earliest event reported): September 29, 1999

                               THE AES CORPORATION
             (exact name of registrant as specified in its charter)

        DELAWARE               333-15487                   54-1163725
(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)

                       1001 North 19th Street, Suite 2000
                            Arlington, Virginia 22209

          (Address of principal executive offices, including zip code)

               Registrant's telephone number, including area code:
                                 (703) 522-1315

                                 NOT APPLICABLE
          (Former Name or Former Address, if changed since last report)

================================================================================
Item 5.   Other Events

     On September 29, 1999, the AES  Corporation  (the  "Registrant")  announced
that an appellate  judge in the Minas Gerais state court system reversed a lower
court ruling and granted a temporary  injunction that suspends the effectiveness
of a shareholders' agreement for Cia. Energetica de Minas Gerais ("Cemig").  The
State of Minas Gerais had  previously  commenced an action seeking a declaratory
ruling that the shareholders'  agreement entered into as a condition of the 1997
auction of Cemig  shares is invalid.  The lower court judge had allowed the suit
to proceed but denied the temporary  injunction.  This appellate ruling suspends
the  shareholders'  agreement  while the action to  determine  its  validity  is
proceeding.

The declaratory judgment action applies only to the shareholders'  agreement and
does not purport to  challenge  AES's  ownership  interest  in Cemig.  Under the
shareholders'  agreement,  subsidiaries  of AES and  Southern  Company,  and The
Opportunity Fund, as minority shareholders in Cemig, are given certain rights to
participate in the administration and management of Cemig's operations.

AES is evaluating all of the options  available to it, and intends to vigorously
pursue  its  legal  rights in this  matter.  AES does not  anticipate  that this
temporary  suspension  of the  shareholders  agreement  will have a  significant
affect on its financial condition or results of operation.
SIGNATURES

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                    THE AES CORPORATION

     Date: October 6, 1999                           By /s/ William Luraschi
                                                       --------------------
                                                         (signing officer)