| Type | Public (NYSE: AES) S&P 500 Component |
|---|---|
| Industry | Energy |
| Founded | January 28, 1981 |
| Founder(s) | Dennis Bakke Roger Sant |
| Headquarters | Arlington, Virginia, U.S. |
| Area served | Worldwide |
| Key people | Philip A. Odeen (Chairman) Andres Gluski (President), (CEO) & (Director) |
| Products | Electricity Natural gas |
| Revenue | US$14.1 Billion (FY 2009)[1] |
| Operating income | US$2.40 Billion (FY 2009)[1] |
| Net income | US$658 Million (FY 2009)[1] |
| Total assets | US$39.49 Billion (FY 2009)[2] |
| Total equity | US$4.67 Billion (FY 2009)[2] |
| Employees | 28,000 (2008) |
| Website | AES.com |
AES Corporation (NYSE: AES) is a Fortune 500 company that generates and distributes electrical power. The company 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. AES Corporation 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.
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