Investigation into Aes

Introduction

[Grant] AES is an independent global power company consisting of competitive generation, distribution, and retail supply businesses in 33 countries. Their generating assets include interests in 177 facilities totalling over 59 gigawatts of capacity.

[Markels] The AES Corporation is comprised of four lines of business:

· The contract Generation Segment

· The Competitive Supply Segment

· The Large Utility Segment

· The Growth Distribution Segment

The Company's goal is to help meet the world's need for electric power in ways that benefit all of its stakeholders while building long-term value for its shareholders.

During the 1990s AES enjoyed phenomenal growth and startling shareholder returns.

[Wetlaufer 1999]

Question. 1a) The AES Company is run by executives with unconventional beliefs on management techniques, and who stress the importance of exercising social responsibility.