Profile: AES Corp (AES.N)

AES.N on New York Stock Exchange

12.68USD
23 Jan 2015
Change (% chg)

$-0.24 (-1.86%)
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$12.92
Open
$12.93
Day's High
$13.01
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$12.68
Volume
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$15.65
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$12.38

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The AES Corporation (AES), incorporated on January 28, 1981, is a diversified power generation and utility company. The Company organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia, and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), EMEA (Europe, Middle East and Africa), and Asia. Within its six SBUs, the Company has two lines of business. The first business line is generation, where the Company 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 the Company owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to customers in the residential, commercial, industrial and governmental sectors.

Generation

The Company owns and/or operates a generation portfolio of approximately 29,289 megawatt, excluding the generation capabilities of its integrated utilities. The Company’s generation fleet is diversified by fuel type. The Company’s generation businesses sell electricity under medium- or long-term contracts (contract sales) or under short-term agreements in competitive markets (short-term sales). In contract sales, the Company’s generation businesses recover variable costs, including fuel and variable operations and maintenance (O&M) costs, either through direct or indexation-based contractual pass throughs or tolling arrangements.

AES owns and operate approximately 9,216 megawatt (4,959 proportional megawatt) of renewable generation, including hydro, wind, energy storage, biomass and landfill gas. The Company has more than 170 megawatt of battery-based grid resources in commercial operation primarily in the United States and Chile.

Utilities

The Company’s nine utility businesses distribute power to more than 11 million people in four countries. These businesses also include generation capacity totaling approximately 7,870 megawatt (7,458 megawatt). These businesses have a range of structures, ranging from integrated utility to pure transmission and distribution businesses. The Company’s utility sells electricity directly to end-users, such as homes and businesses, and bill customers directly.

Company Address

AES Corp

11th Floor
Suite 1100, 4300 Wilson Boulevar
ARLINGTON   VA   22203
P: +1703.5221315
F: +1302.6365454

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