AES Corporation
| File:AES Logo.png | |
| Company type | Public (NYSE: AES) |
|---|---|
| Industry | Energy |
| Founded | 1981 January 28 |
| Founder | Dennis Bakke Roger Sant |
| Headquarters |  Arlington, VA, USA |
Area served | Worldwide |
Key people | Philip A. Odeen (Chairman) Paul T. Hanrahan (President), (CEO) & (Director) |
| Products | Electricity Natural gas |
| Revenue |  US$ 16.1 billion (2008) |
| US$ 3.3 billion (2008) | |
| US$ 1.22 million (2008) | |
| Total assets | US$ 34.8 billion (2008) |
| Total equity | US$ 3.92 billion (2008) |
Number of employees | 28,000 (2008) |
| Website | AES.com |
AES Corporation (NYSE: AES) is a Fortune 1000 company that generates and distributes electrical power. It was founded on January 28, 1981 as Applied Energy Services[1] by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. It is headquartered in Arlington, Virginia. This company is one of the world's leading power companies, generating and distributing electric power to 26 countries and has more than 30,000 employees.
In 2008, AES Corporation's total revenue was 16.1 Billion, of which $9.11B came from the company's Power Generation division,and $6.99B from Utilities.[2]
Environmental record
Researchers at the University of Massachusetts Amherst, based upon 2002 data, have identified AES as the 51st-largest corporate producer of air pollution in the United States, with roughly six million pounds of toxic chemicals released annually into the air.[3] Major pollutants indicated by the study include sulfuric acid, hydrochloric acid, and compounds of manganese, chromium, and nickel.[4]
In April 2010, AES Wind Generation, a wholly-owned subsidiary of AES, has acquired UK-based wind developer Your Energy (YEL) and has also signed an agreement to buy a 51% stake in a wind portfolio from 3E, a Polish wind developer. This move will add more than 700MW to AES Wind Generation’s European pipeline.[5]
Assets owned by AES
References
- ^ [1] AES Investor FAQ. Accessed on 28 July 2009.
- ^ The AES Corporation (AES) Revenue Sources, Wikinvest. Retrieved June 26, 2009.
- ^ Political Economy Research Institute Toxic 100 (Study released May 11, 2006) retrieved 15 Aug 2007
- ^ Toxics Release Inventory courtesy rtknet.org
- ^ AES Expands UK Wind Business, Forays Into Polish Market