<PAGE>
1
CUSIP NO. 001300H105 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.X)*
The AES Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.01
- -------------------------------------------------------------------------------
(Title of Class of Securities)
001300H105
- -------------------------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item l; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
2
1. NAME OF REPORTING PERSON:
SS. or I.RS. IDENTIFICATION NO. OF ABOVE PERSON
Dennis W. Bakke
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) / /
(b) / X /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER: 1,496,819
6. SHARED VOTING POWER: 7,055,571
7. SOLE DISPOSITIVE POWER: 1,496,819
8. SHARED DISPOSITIVE POWER: 7,055,571
- -------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
8,552,390
- -------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9.) EXCLUDES CERTAIN SHARES:
/ X /
- -------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9.):
11.04%
- -------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON:
IN
- -------------------------------------------------------------------------------
<PAGE>
3
1. NAME OF REPORTING PERSON:
SS. or I.RS. IDENTIFICATION NO. OF ABOVE PERSON
Eileen H. Bakke
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) / /
(b) / X /
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States of America
- -------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER: 449,043
6. SHARED VOTING POWER: 7,055,571
7. SOLE DISPOSITIVE POWER: 449,043
8. SHARED DISPOSITIVE POWER: 7,055,571
- -------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
7,504,614
- -------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9.) EXCLUDES CERTAIN SHARES:
/ X /
- -------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9.):
9.69%
- -------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON:
IN
- -------------------------------------------------------------------------------
<PAGE>
4
Item 1.
(a) The Name of the Issuer:
The AES Corporation a Delaware corporation (the "Company").
(b) The Address of the Company's Principal Executive Offices:
1001 N. 19th Street
Arlington, VA 22209
Item 2.
(a) Name of Persons Filing:
This statement is filed by Dennis W. Bakke and Eileen H. Bakke,
United States Citizens.
(b) Address of Principal Business Office or, if none, Residence:
Mr. Bakke has a business address at 1001 N. 19th Street, Arlington, VA
22209. Mrs. Bakke's address is 2811 24th Street, North, Arlington, VA 22207. The
title of the class of equity securities to which this Statement relates is
Common Stock, par value $0.01 per share (the "Shares") of the Company. The CUSIP
Number of the Company is 001300H105.
Item 3.
This item is not applicable.
Item 4. Ownership:
Mr. Bakke holds sole voting and dispositive power with respect to 1,128,319
shares held in his name, 139,479 shares held by The AES Corporation Profit
Sharing and Stock Ownership Plan, and 2,151 units under the Excess Contribution
Plan. Mr. Bakke currently has the right to acquire direct beneficial ownership
(within the meaning of rule 13d-3 (d) (1) of 226,870 shares of common stock upon
the exercise of stock options.
Mrs. Bakke holds sole voting and dispositive power with respect to 449,043
shares held in her name.
Jointly, Mr. and Mrs. Bakke share voting and dispositive power for
6,834,658 shares, 31,530 shares held in the names of their children and 189,383
shares held by The Mustard Seed Foundation. Mr. and Mrs. Bakke disclaim
beneficial ownership of all shares held by The Mustard Seed Foundation.
<PAGE>
5
Item 5. Ownership of Five Percent or Less of a Class:
This item is not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Mr. and Mrs. Bakke are aware of Mr. and Mrs. Roger W. Sant, holders of more
than 5% of AES Common Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
This item is not applicable.
Item 8. Identification and Classification of Member of the Group:
This item is not applicable.
Item 9. Notice of Dissolution of Group:
This item is not applicable.
Item 10. Certification
This item is not applicable
<PAGE>
6
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and complete
and correct.
February 13, 1997
----------------------------------
Date
/s/ DENNIS W. BAKKE
---------------------------------
Signature
Dennis W. Bakke, President and CEO
----------------------------------
Name/Title
<PAGE>
7
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and complete
and correct.
February 13, 1997
----------------------------------
Date
/s/ EILEEN H. BAKKE
----------------------------------
Signature
Eileen H. Bakke
----------------------------------
Name/Title
