AES Corporation
Encyclopedia
AES Corporation is a Fortune 500
company that generates and distributes electrical power
. The company was founded on January 28, 1981, as Applied Energy Services 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.
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.
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
company that generates and distributes electrical power
Electric power
Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...
. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant from the US
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Federal Energy Administration and Dennis Bakke
Dennis Bakke
Dennis W. Bakke is an American CEO and business entrepreneur. He is currently president and CEO of Imagine Schools, the largest commercial manager of charter schools in the United States. In 1981 Bakke co-founded AES Corporation, a global energy supplier which earned $8 billion in revenues and...
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.
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.
Assets owned by AES
- AES Jordan PSC
- AES Eletropaulo
- Indianapolis Power & Light CompanyIndianapolis Power & LightIndianapolis Power & Light Company, also known as IPL or IPALCO, is a utility company providing electric service to the city of Indianapolis. It is a subsidiary and largest utility of AES Corporation, which acquired it in 2000....
- Premier PowerPremier PowerPremier Power Limited is an electricity supply company in Northern Ireland.The company was formed in 1992 following the privatization of electricity supply in Northern Ireland. Previously Northern Ireland Electricity was responsible for the running of the country's power stations and transmission...