The AES Corporation · Arlington, VA United States ·(NYSE: AES)
Company Description
Phone: 703-522-1315
Fax: 703-528-4510
Rankings
- #158 in FORTUNE 500
- S&P 500
- Dow Jones Utilities
View The AES Corporation Locations On A US Map
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This link will open in a new window The right place at the right time -- Is it kismet? No, it's AES, one of the world's leading independent power producers. The company has interests in more than 120 generation facilities in about 30 countries throughout the Americas, Asia, Africa, Europe, and the Middle East that give it a combined net generating capacity of 43,000 MW. AES sells electricity to utilities and other energy marketers through wholesale contracts or on the spot market. AES also sells power directly to customers worldwide through its interests in distribution utilities, mainly in Latin America. In 2009 the company had 3,000 MW of power plants under development in ten countries. To read the full description, subscribe now.
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Key The AES Corporation Financials
| Company Type | Public - NYSE: AES Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $16,070.0 |
| 2008 Employees | 25,000 |
The AES Corporation Executives
37 executives listed for The AES Corporation's Arlington, VA location.
| Title | Name & Bio | Contact |
| Chairman | Philip Odeen | Network |
| President, CEO, and Director | Paul Hanrahan | Network |
| EVP and COO | Andrés Gluski | Network |
Competition
Competitive Landscape for The AES Corporation
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top The AES Corporation Competitors
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