172. AES Corp.

Company Snapshot
The AES Corporation and its subsidiaries engage in the generation and distribution of electric power.

It generates power for sale to utilities and other wholesale customers, as well as operates utilities that distribute power to retail, commercial, industrial, and governmental customers through integrated transmission and distribution systems.

The company operates through three segments: Contract Generation, Competitive Supply, and Regulated Utilities.

The Contract Generation segment owns and operates plants that sell electricity and related products to utilities or other wholesale customers under long-term contracts.

This segment has interests in 76 power generating facilities totaling approximately 23.0 gigawatts of capacity.

The Competitive Supply segment owns and operates plants that sell electricity to wholesale customers in competitive markets.

It sells electricity into local power pools under short-term contracts or into daily spot markets.

This segment consists of 27 power generation facilities totaling approximately 13 gigawatts of capacity.

The Regulated Utilities segment consists of 14 distribution companies in 7 countries with approximately 11 million customers.

This segment is composed of integrated utilities located in the U.S., Venezuela, and Cameroon, as well as electricity transmission and distribution businesses located in Argentina, Brazil, El Salvador, and Ukraine.

These utilities sell electricity under regulated tariff agreements and have transmission and distribution capabilities, as well as generation plants.

AES Corporation was founded in 1981 and is based in Arlington, Virginia.

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View the latest financial information on Business Week's Company Insight Center

Paul Hanrahan, 49
TITLES
Chief Executive Officer, President, Director and Director-Electricidad de Caracas Chief Executive Officer
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