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AES

Headquarters: 4300 Wilson Blvd, 11th floor
Arlington, VA 22203
Employees: 30,000
CEO: Paul Hanrahan
Stock Symbol: AES

Website: http://www.aes.com

Career Site

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

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