AES Corporation

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AES Corporation
Company typePublic (NYSEAES)
IndustryEnergy
Founded1981 January 28
FounderDennis Bakke
Roger Sant
HeadquartersUnited States Arlington, VA, USA
Area served
Worldwide
Key people
Philip A. Odeen
(Chairman)
Paul T. Hanrahan
(President), (CEO) & (Director)
ProductsElectricity
Natural gas
RevenueIncrease US$14.1 Billion (FY 2009)[1]
Increase US$2.40 Billion (FY 2009)[1]
Increase US$658 Million (FY 2009)[1]
Total assetsIncrease US$39.49 Billion (FY 2009)[2]
Total equityIncrease US$4.67 Billion (FY 2009)[2]
Number of employees
28,000 (2008)
WebsiteAES.com

AES Corporation (NYSEAES) is a Fortune 500 company that generates and distributes electrical power. It was founded on January 28, 1981 as Applied Energy Services[3] 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. AES Corporation is one of the world's leading power companies, generating and distributing electric power in 31 countries and employing 27,000 people worldwide.

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.[4]

In April 2010, AES Wind Generation, a wholly-owned subsidiary of AES, 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.

Assets owned by AES

References

External links