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AES

Headquarters: 4300 Wilson Blvd, 11th floor
Arlington, VA 22203
Employees: 19,000
CEO: Andres Gluski
Stock Symbol: AES

Website: http://www.aes.com

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The AES Corporation is a global power company that owns and operates a diverse portfolio of distribution businesses, which provide reliable, affordable energy to customers in 17 countries.

AES is organized into six market-oriented strategic business units ("SBUs"): US (United States), Andes (Chile, Colombia, and Argentina), Brazil , MCAC (Mexico, Central America and the Caribbean), Europe , and Asia. Within the six SBUs, there are two lines of business. The first business line is generation, where AES owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The second business line is utilities, where AES owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area.

Roger Sant and Dennis Bakke founded AES in 1981 after having worked together in the federal government ­ Roger at the US Federal Energy Administration and Dennis at the US Office of Management and Budget ­ during the 1973 Arab Oil Embargo, and later at the Carnegie Mellon Energy Productivity Center. AES initially focused on generation partnerships with steam- or electric-powered industrial plants.

The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000.

In 2016, AES had revenues of $13.5 billion and net loss of $777 million.

Updated September 29, 2017

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