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 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