• 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 18 countries throughout the Americas, Asia, Africa, Europe, and the Middle East that gave it a net generating capacity of 35,000 MW in 2014. (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, Mexico, the Philippines, Puerto Rico, Spain, Sri Lanka, the UK, and the US. In 2014 Brazil accounted for 35% of the company's revenues; the US, 22%.


The company operates more than 70 generation businesses across four continents and eight utility companies, primarily in Brazil and the US. It addition to traditional power generation and electric distribution businesses, in 2013 AES owned and operated 8,221 MW of renewable generation, including hydro, wind, energy storage, biomass, and landfill gas.

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

In 2014 AES owned and/or operated a generation portfolio of 28,212 MW, excluding the generation capabilities of its integrated utilities. Its eight utility businesses distribute power to more than 10 million people in three countries. AES’ two utilities in the US includes generation capacity of 6,520 MW. AES US has 12 generation facilities and two integrated utilities in the US.

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

In 2014, about 79% of adjusted pre-tax contibution came from AES' businesses in the Americas, including the US, Andes, Brazil, and MCAC units; Asia and Europe accounted for the remaining 21%.

Sales and Marketing

AES' generation business owns and/or 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

In 2014 net sales increased by 8% due to higher revenues from Brazil, Europe, and the US. The Brazil SBU increased by 20% driven by higher volumes and higher tariffs, primarily pass-through costs, at Eletropaulo and Sul. Tietê also increased due to higher rates (partially offset by unfavorable foreign exchange rates).

Europe SBU sales increased by 7% driven by the start of operations at Jordan IPP4, and Ballylumford in the UK due to higher volume and favorable foreign exchange rates, somewhat offset by lower rates. These were partially offset by the results from Kilroot in the UK, primarily due to lower volumes.

The US SBU sales increased by 5% driven by regulatory retail rate increases at DPL in Ohio as well as higher rates, primarily pass-through, at IPL in Indiana, partially offset by lower volumes at DPL primarily due to customer switching.

AES' 2014 net income spiked by 575% due to increased revenues, decreased general and administrative expense, goodwill impairment expense and increased gain on the disposal and sale of investments.

General and administrative expenses decreased by 15% in 2014 due to lower employee-related costs and business development costs.
AES recognized goodwill impairment expense of $164 million in 2014 (down from $372 milllion in 2013). Gain on sale of investments was $358 million (primarily related to the sale of 45% of investment in Masin-AES Pte Ltd. and 100% of interest in UK Wind) compare to a gain of only $26 million in 2013.

In 2014 AES' net cash provided by operating activities decreased by $924 million due to a change in accounts receivable, other assets and accounts payable and other current liabilities.


AES is focusing on expanding in core markets, specifically Brazil, Chile, Colombia, and the US, while developing assets in target growth countries. In 2015, AES Energy Storage unveiled a portion of its deployment roadmap for AES Advancion Energy Storage Solutions, which includes the addition of battery-based storage resources across the US, South America, and Europe. Projects in construction or late stage development are expected to deliver 260 MW of interconnected battery-based energy storage, equivalent to 520 MW of flexible power resource, 25% of which is expected to be on-line by mid-2016.

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.

AES 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.

By exiting businesses and markets where it does not have a competitive advantage, it has simplified its portfolio and reduced risk, decreasing the total number of countries where it has operations from 28 to 18. In 2014 AES entered into an agreement with La Caisse de dépôt et placement du Québec to sell 15% of AES US Investments, Inc. a wholly-owned AES subsidiary that owns 100% of IPALCO Enterprises, Inc., for $244 million.

In 2014 it also made a deal to sell 45% of its interest in Masin-AES Pte Ltd, a wholly-owned subsidiary of AES that owns AES' business interests in the Philippines, to Electricity Generating Public Company Limited (a Thailand-based independent power producer) for $453 million.

That year it sold its stakes in three businesses in the Cameroons to pan-emerging market investor Actis for $202 million, and 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.

That year AES also announced that it had entered into a definitive agreement with SunEdison, Inco sell its 50% stake in 336 MW of solar photovoltaic  projects owned by Silver Ridge Power, LLC ), a joint venture between AES and Riverstone Holdings LLC. Under the agreement, AES will sell its interest in solar projects in operation and under development in Europe, India and the US for $165 million.

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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
  • President and CEO: Andrés R. Gluski
  • President and CEO: Andrés R. Gluski
  • Chairman: Charles O. Rossotti

Major Office Locations

  • Arlington, VA

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