Headquarters: 4300 Wilson Blvd, 11th floor
Arlington, VA 22203
CEO: Andres Gluski
Stock Symbol: AES
The AES Corporation is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 20 countries.
AES power plants encompass a broad range of technologies and fuel types, including coal, diesel, hydropower, gas, oil, wind and biomass. Our utilities power several diverse markets, from São Paulo, Brazil to Indianapolis, IN.
The company generates and distribute electricitys from a variety of fuel sources biomass, coal, diesel, hydropower, natural gas, oil, solar, and wind to help meet the world’s changing energy needs.
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 June, AES Corporation said it would sell 45% of its interest in Masin-AES Pte Ltd, a wholly-owned subsidiary of AES that owns AES' business interests in the Philippines, to Electricity Generating Public Company Limited (EGCO Group), a Thailand-based Independent Power Producer (IPP), for $453 million.
In 2013, AES had revenues of $15.9 billion and net income of $551 million.
Updated July 5, 2014