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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(Print or Type Responses)

1. Name and Address of Reporting Person * Jaisinghani Haresh R   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, Asia Region (Last) (First) (Middle) 4300 WILSON BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 12/04/2006 (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 12/04/2006   M   8,235 A $ 2.83 8,235 D   Common Stock 12/04/2006   M   12,993 A $ 8.97 21,228 D   Common Stock 12/04/2006   S   700 (1) D $ 23.44 20,528 D   Common Stock 12/04/2006   S   100 (1) D $ 23.46 20,428 D   Common Stock 12/04/2006   S   1,100 (1) D $ 23.5 19,328 D   Common Stock 12/04/2006   S   2,500 (1) D $ 23.51 16,828 D   Common Stock 12/04/2006   S   635 (1) D $ 23.59 16,193 D   Common Stock 12/04/2006   S   4,200 (1) D $ 23.6 11,993 D   Common Stock 12/04/2006   S   3,800 (1) D $ 23.7 8,193 D   Common Stock 12/04/2006   S   2,800 (1) D $ 23.71 5,393 D   Common Stock 12/04/2006   S   200 (1) D $ 23.72 5,193 D   Common Stock 12/04/2006   S   5,193 (1) D $ 23.73 0 D   Common Stock               24,476 (4) I by 401(k) Plan Common Stock               232 I by Spouse Common Stock               13,589 (4) I by Spouse's 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)

$ 2.83

12/04/2006

M

8,235

(2)

(2)

Common Stock

8,235

$ 0

0

D

Stock Option Grant (right to buy)

$ 8.97

12/04/2006

M

12,993

(3)

(3)

Common Stock

12,993

$ 0

6,497

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Jaisinghani Haresh R 4300 WILSON BOULEVARD ARLINGTON, VA 22203			President, Asia Region

Signatures

Haresh R. Jaisinghani		12/06/2006
**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 sale was executed pursuant to a written plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Mr. Jaisinghani's sales plan was adopted on November 28, 2006.
(2)	This ten year stock option was awarded on 05/01/2003 and vested in two equal annual installments such that one half vested on 05/01/2004 and the remaining half vested on 05/01/2005.
(3)	This ten year stock option was awarded on 02/04/2004 and vests in three equal annual installments such that one third vested on 02/04/2005, one third vested on 02/04/2006, and the remaining one third will vest on 02/04/2007.
(4)	Based upon the latest plan statement dated 12/05/2006, neither Mr. Jaisinghani nor his spouse report any changes in ownership for shares they hold in The AES Retirement Savings Plan.
Remarks: This is the second of two filings for Mr. Jaisinghani's December 4, 2006 transactions.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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