4300 Wilson Blvd, 11th floor
Arlington, VA 22203
CEO: Paul Hanrahan
Stock Symbol: AES
AES generates and distributes electric
power in 27 countries through an array of world-class power businesses
in five continents.
AES has 120 power generation facilities
that can generate over 44,000 megawatts of electricity, enough
to light up 440 million lightbulbs. It's 17 distribution companies
deliver electricity to about 11 million residential, commercial,
and industrial customers.
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.
With reforms in United Kingdom's electric
sector in the late 1980s, AES began its global expansion with
the quest of demonstrating how competition in the electric sector
could provide lower cost and more reliable electricity supplies.
Early in the 1990s, AES entered the Argentine market. Soon we
were operating in Pakistan, China, Australia and Kazakhstan.
By 1995 AES had become "The Global Power Company" with
19 plants in six countries. Further international expansion took
place in 1996 with successful acquisitions of both distribution
companies and electric generating companies in countries such
as Hungary and Brazil.
Updated February 18, 2005