The AES Corporation at a Glance


  • 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.

About The AES Corporation

The AES Corp. is a leading independent power producer. The company has interests in about 110 generation facilities in more than 15 countries throughout the Americas, Asia, Africa, Europe, and the Middle East. 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.


AES operates more than 70 generation businesses across four continents and seven utility companies, primarily in Brazil and the US. In addition to traditional power generation and electric distribution businesses, AES owns and operates more than 8,000 MW of renewable generation, including hydro, wind, energy storage, solar, biomass, and landfill gas.

AES' reportable segments are: US Strategic Business Unit (SBU), about 25% of revenue; Andes SBU, 20%; Brazil SBU, about 30%; MCAC SBU, more than 15%; and EMEA SBU and Asia SBU, about 5% each.

AES owns and operates a generation portfolio of more than 30,000 MW, excluding the generation capabilities of its integrated utilities. Its eight utility businesses distribute power to about 10 million people in three countries. AES' two utilities in the US includes generation capacity of more than 6,000 MW at 18 generation facilities and two integrated utilities.

AES develops and constructs new generation facilities in response to customer needs or to comply with regulatory developments.

Geographic Reach

AES has operations in Argentina, Brazil, Bulgaria, Chile, Colombia, Dominican Republic, El Salvador, Hungary, Jordan, Kazakhstan, Panama, Mexico, the Philippines, Puerto Rico, Spain, Sri Lanka, the UK, and the US. The US, MCAC, and Andes segments produce more than 75% of the company's pre-tax contributions.

Sales and Marketing

AES' generation business owns and operates power plants to generate and sell power to wholesale customers such as utilities and other intermediaries. Its utilities sell to end-user customers in the residential, commercial, industrial and governmental sectors.

Financial Performance

AES reported a second straight year of lower revenue in 2016 at $13.6 billion, down 9% from 2015. The company cited the negative impact of foreign exchange rates in Brazil, Argentina, Kazakhstan, and Colombia as well as lower prices in Brazil due to new contracts at its Tietê operations.

The company posted a $1.1 billion loss in 2016 compared to a $306 million profit in 2015 on lower sales and higher costs.

In 2016, cash from operating activities rose to $2.9 billion from $2.1 billion in 2015 due to higher collections at the distribution business in Brazil and the settlement of overdue receivables at Maritza in Bulgaria.


AES is focusing on expanding in core markets, specifically Brazil, Chile, Colombia, and the US, while developing assets in target growth countries.

In 2017, AES and Siemens teamed up to form Fluence, which is to provide large scale battery-based energy storage. The companies split ownership of the firm 50-50. Battery systems with high-storage capacity and reliability are an important part of the growth of wind and solar power. The deal builds on AES' energy storage installations of lithium-ion batteries in seven countries and Siemens sales presence in some 160 countries.

As it builds out it generation capacity (4.7 gigawatts under construction) and energy storage, AES is cutting costs and debt. The company has exited about $500 million of non-core assets and is on pace for annualized expense reductions of about $400 million.

Mergers and Acquisitions

In 2017 AES and the Alberta Investment Management Corporation jointly acquired US renewables company FTP Power from private investment firm Fir Tree Partners for $853 million in cash and the assumption of $724 million in debt.

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The AES Corporation

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
  • CEO: Andrés R. Gluski
  • President and COO: Patrick Moran
  • Chairman: Charles O. Rossotti
  • 2017 Employees: 21,000

Major Office Locations

  • Arlington, VA

Other Locations

  • Mendota, CA
  • North Palm Springs, CA
  • Redondo Beach, CA
  • Indianapolis, IN
  • Martinsville, IN
  • Petersburg, IN
  • Aberdeen, OH
  • Manchester, OH
  • Marysville, OH
  • Miamisburg, OH
  • Moraine, OH
  • Condon, OR
  • Morgantown, WV
  • Santiago, Chile
  • Santo Domingo, Dominican Republic
  • Bhubaneswar, India
  • Gurgaon, India
  • New Delhi, India
  • Pune, India
  • Moscow, Russia
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