The AES Corporation operates as a power generation and utility company. Business Lines and Strategic Business Units (SBUs) The company is organized into six market-oriented SBUs: U.S. (United States), Andes (Chile, Colombia, and Argentina), Brazil, MCAC (Mexico, Central America and the Caribbean), Europe, and Asia. Within the company’s six SBUs, the company has two lines of business, Generation and Utilities. Generation The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company owns and/or operates a generation portfolio of 29,352 megawatts (MW), excluding the generation capabilities of its integrated utilities. The company’s generation fleet is diversified by fuel type. Electricity Sales Contracts: The company’s generation businesses sell electricity under medium- or long-term contracts (contract sales) or under short-term agreements in competitive markets (short-term sales). Contract Sales: Most of the company’s generation fleet sells electricity under contracts. The company’s medium-term contract sales have a term of two to five years, while its long-term contracts have a term of approximately five years. Across its portfolio, the average remaining contract term is seven years. Renewable Generation Facilities: The company owns and operates 8,145 MW (4,237 proportional MW) of renewable generation, including hydro, wind, energy storage, solar, biomass and landfill gas. Seasonality: The company’s generation businesses are affected by seasonal weather patterns throughout the year, and therefore, operating margin is not generated evenly by month during the year. Utilities The company owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. In certain circumstances, the company’s utilities also generate and sell electricity on the wholesale market. The company’s eight utility businesses distribute power to 10.5 million people in three countries. The company’s two utilities in the U.S. also include generation capacity totaling 6,524 MW. In general, the company’s utilities sell electricity directly to end-users, such as homes and businesses, and bill customers directly. Seasonality: The company’s utility businesses are affected by seasonal weather patterns throughout the year, and therefore, the operating revenues and associated operating expenses are not generated evenly by month during the year. Development and Construction The company develops and constructs new generation facilities. For its utility businesses, new plants might be built in response to customer needs or to comply with regulatory developments and are developed subject to regulatory approval. SBUs All SBUs include generation facilities and three include utility businesses. U.S. SBU The company’s U.S. SBU has 18 generation facilities and 2 integrated utilities in the U.S. Operating installed capacity of the company’s U.S. SBU totals 12,128 MW. The U.S. Businesses The U.S. Utilities IPALCO Enterprises, Inc. (IPALCO) IPALCO owns IPL (Indiana, Indianapolis Power & Light Company), which engages primarily in generating, transmitting, distributing and selling electric energy to approximately 485,000 retail customers in the city of Indianapolis and neighboring areas within the state of Indiana. IPL has an exclusive right to provide electric service to those customers. IPL's service area covers approximately 528 square miles with an estimated population of approximately 934,000. IPL owns and operates four generating stations. Two of the generating stations are primarily coal-fired. The third station has a combination of units that use coal (baseload capacity), natural gas and/or oil (peaking capacity) for fuel to produce electricity. The fourth station is a small peaking station that uses gas-fired combustion turbine technology for the production of electricity. IPL's net electric generation capacity for winter is 3,233 MW and net summer capac
aes corp (AES:New York Consolidated)
4300 Wilson Boulevard
Arlington, VA 22203
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