The AES Corporation
Stock Symbol: AES
4300 Wilson Boulevard
The AES Corporation Industry:
The AES Corporation Description:
AES is a leading global power company comprised of contract generation, competitive supply, large utilities and growth distribution businesses.
The AES Corporation Financial Summary:
The AES Corp. operates and owns a diverse portfolio of electric power plants. For the 3 months ended 3/31/05, revenues rose 17% to $2.65B. Net income from cont. ops. and before acct. change increased 80% to $133M. Revenues reflect new operations from greenfield projects, favorable weather conditions and improved electricity prices. Net income also reflects higher interest income and equity in earnings of affiliates.
The AES Corporation Business Summary:
The AES Corporation is a holding company that, through its subsidiaries, builds, acquires, owns and operates power generation, and electricity distribution facilities worldwide. The Company is organized along two principal lines of business: generation and utilities. The generation business comprises of AES's contract generation and competitive supply segments. These segments generate and sell electricity and related products to utilities or other wholesale or commercial buyers. The utilities business comprises its large utilities and growth distribution segments. These segments sell electricity to residential, business and municipal customers, typically through integrated transmission and distribution systems. The Company's generating assets include interests in 120 facilities in 25 countries totaling approximately 44 gigawatts of capacity. AES's electricity distribution networks sell approximately 88,890 gigawatt hours per year.