Profile: AES Corp (AES)
1 Sep 2015
The AES Corporation (AES), incorporated on January 28, 1981, is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented strategic business units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities.
Under this business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. It owns and operates a generation portfolio of approximately 28,212 megawatt (MW), excluding the generation capabilities of its integrated utilities. Its generation businesses sell electricity under medium- or long-term contracts or under short-term agreements. The Company owns and operates approximately 8,221 MW (4,364 proportional MW) of renewable generation, including hydro, wind, energy storage, biomass and landfill gas.
Under this business line, AES sells electricity directly to end-users, such as homes and businesses. The Company owns and 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. In addition, the utilities business also generates and sells electricity on the wholesale market.
4300 Wilson Blvd
ARLINGTON VA 22203-4167