The company was initially a consulting firm; it became AES Corporation, which went public in Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in Bakke would later become the company's CEO inserving for 8 years until his resignation inin the midst of a liquidity crisis that followed the collapse of the energy giant Enron.
The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units SBUs: Within these SBUs, the Company has two lines of business: As of December 31,its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries, with a total capacity of 3, megawatts MW and distribution networks.
Generation Under the generation business line, the Company owns and operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries.
As of December 31,it owned and operated a generation portfolio of 30, MW, excluding the generation capabilities of its integrated utilities.
Its generation businesses sell electricity under medium- or long-term contracts or under short-term agreements. As of December 31,the Company owned and operated 8, MW 4, proportional MW of renewable generation, including hydro, wind, energy storage, biomass and landfill gas.
Utilities Under the Utilities business line, the Company sells electricity directly to end users, such as homes and businesses, and bill customers directly. The Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end user customers in the residential, commercial, industrial and governmental sectors within a defined service area.
In addition, the utilities business also generates and sells electricity on the wholesale market. As of December 31,its two utilities in the United States included generation capacity totaling 6, MW. The AES Corporation is a holding company.
It is organized into six strategic business units SBUs: As of December 31,its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries.Stock analysis for AES Corp/VA (AES:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
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The AES Corporation is a Fortune company that generates and distributes electrical iridis-photo-restoration.com is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10, people worldwide.
[citation needed. The AES Corporation 's AES fourth-quarter adjusted earnings per share of 35 cents missed the Zacks Consensus Estimate of 36 cents by %.
AES Corporation's (AES) MW combined-cycle gas turbine natural gas plant started commercial operations in April, which going forward is likely to boost the company's bottom line in the second. View the basic AES stock chart on Yahoo Finance.
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