• Good pay and benefits.
  • Easy to move from department to department.


  • Too little recognition for performance.
  • Not much overtime.

The Bottom Line

  • The AES Corporation is a global leader, and with 29,000 employees in 29 countries, employees must be prepared to be a little fish in a big pond.


AES is out to please power customers around the world. A leading independent power producer, the company has interests in 137 generation facilities in 20 countries throughout the Americas, Asia, Africa, Europe, and the Middle East that gave it a net generating capacity of 37,159 MW in 2013. (It also has one coal-fired project under development with a total capacity of 1,320 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 stakes in distribution utilities, mainly in Latin America and the US.

Geographic Reach

AES has operations in Argentina, Brazil, Bulgaria, Chile, Colombia, Dominican Republic, El Salvador, Hungary, Jordan, Kazakhstan, Panama, Pakistan Philippines, Mexico, Oman, the Philippines, Puerto Rico, Qatar, Spain, Sri Lanka, the UK, the Ukraine, and the US. In 2013 Brazil accounted for 31% of the company's revenues; the US, 22%.


The company operates more than 70 generation businesses across five continents and nine utility companies, primarily in Brazil and the US. It addition to traditional power generation and electric distribution businesses, in 2013 AES owned and operated 9,216 MW of renewable generation, including hydro, wind, energy storage, biomass and landfill gas.

AES’ reportable segments are: US Strategic Business Unit; Andes Strategic Business Unit; Brazil Strategic Business Unit; MCAC Strategic Business Unit; EMEA Strategic Business Unit; and Asia Strategic Business Unit.

Financial Performance

The company’s revenues decreased by 7% in 2013 due to a 25% decline in Asia-based sales as a result of higher contracted volume at lower prices and lower generation at Kelanitissa in Sri Lanka caused by lower rainfall (which limited hydroelectric water flow). Brazil revenues decreased by 13% due to the unfavorable impact of foreign exchange, lower tariffs and demand at Sul, as well as lower volumes and higher energy purchases, partially offset by the favorable reversal of a liability and the temporary re-start of operations at Uruguaiana and higher tariffs and lower fixed costs at Eletropaulo.  Andes segment revenues dropped by 12% due to lower generation at Chivor.

After experiencing a $912 million net loss in 2012 due to higher operating costs and foreign currency transaction losses, in 2013 AES reported net income of $114 million due to a decline in the operating costs and higher income from continuing operations.

In 2013 AES’ operating cash flow decreased to $2.72 billion (from 2.90 billion in 2012) due to a change in current assets and liabilities.


AES is focusing on expanding in core markets, specifically Brazil, Chile, Colombia, and the US, while developing assets in target growth countries including Turkey, Poland, and the UK. It is also exiting selected non-strategic markets to narrow its geographic focus in order to achieve better results from fewer countries. The company is also aiming to reduce overhead and business development costs. In 2014 sold its stakes in three businesses in Cameroon to pan-emerging market investor Actis for $202 million.

That year it also announced plans to sell its interests in solar power projects in operation and under development in Europe, India, and the US for $165 million.

In 2014 AES also agreed to sell its 49.62% stake in AES Entek Elektrik Üretimi (a joint venture in Turkey with Koc and Aygaz) to its partners for $125 million.

In 2014 the company teamed up with the Estrella-Linda Group, an investor group based in the Dominican Republic. Under this strategic agreement, Estrella-Linda agreed to buy 8% of AES' business in the Dominican Republic for $96 million.


China Investment Corporation owns about 17% of AES.

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4300 Wilson Blvd Ste 1100
Arlington, VA 22203-4168
Phone: 1 (703) 522-1315
Fax: 1 (703) 528-4510


  • Employer Type: Public
  • Stock Symbol: AES
  • Stock Exchange: NYSE
  • CFO: Thomas F. French
  • President and Chief Executive Officer; Director: Andrés R. Gluski
  • Chairman: Charles O. Rossotti

Major Office Locations

  • Arlington, VA

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