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    AES Corp.
    list rank

    From the April 28, 1997 Washington Post

    '96 (in $ 000s) % Change From '95
    Revenue 835,000 23.0
    Net Income 125,000 16.8
    Rank Last Year: 27

    AES supplies electricity to public utilities and steam to industrial companies and other customers from 35 plants worldwide that operate using coal, coke, hydropower, oil and natural gas. It is owner or part owner of seven plants in the United States, nine in China, five in Argentina, four in Britain, four in Brazil, three in Hungary, two in Pakistan and one in Kazakstan.

    Business Resume:
    • Contact Info --
      1001 North 19th St.
      Arlington, Va. 22209
    • Main Business --
      Electric energy production
    • Founded --
    • Chairperson --
      Roger W. Sant
    • President --
      Dennis W. Bakke (CEO)
    • Employees --
    • D.C.-Area Employees --
    AES continued its dramatic expansion by acquiring 17 new power plants throughout the world. The company expanded its scope in China and initiated a presence in smaller countries, including Hungary and Kazakstan.

    AES's most significant gain was the $365 million purchase of Destec Energy Inc., which will net the company five power plants, including facilities in the Netherlands, the Dominican Republic and Canada, new markets for AES. The acquisition also includes a number of development-stage projects in Asia, Europe and Australia. The Destec deal is awaiting approval from shareholders and government regulators. Citing its expanded global presence, AES switched the exchange its stock is trading onómoving from the Nasdaq Stock Market in October to the New York Stock Exchange. Last month it raised $390 million in a stock offering.

    © Copyright 1997 The Washington Post

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