AES Corp. AES

The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. Within these SBUs, the Company has two lines of business: generation and utilities. As of December 31, 2016, its United States SBU had 18 generation facilities and two integrated utilities in the United States. As of December 31, 2016, its Andes SBU had generation facilities in three countries, Chile, Colombia and Argentina. Its Brazil SBU has generation and distribution businesses, Eletropaulo and Tiete. As of December 31, 2016, its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries, with a total capacity of 3,239 megawatts (MW) and distribution networks. As of December 31, 2016, its Europe SBU had generation facilities in five countries with an installed capacity of 6,619 MW. As of December 31, 2016, its Asia SBU had generation facilities in three countries with an installed capacity of 2,300 MW.

Generation

Under the generation business line, the Company owns and operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries. As of December 31, 2016, it owned and operated a generation portfolio of 30,379 MW, excluding the generation capabilities of its integrated utilities. Its generation businesses sell electricity under medium- or long-term contracts or under short-term agreements. As of December 31, 2016, the Company owned and operated 8,228 MW (4,293 proportional MW) of renewable generation, including hydro, wind, energy storage, biomass and landfill gas.

Utilities

Under the Utilities business line, the Company sells electricity directly to end users, such as homes and businesses, and bill customers directly. The Company owns and 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 addition, the utilities business also generates and sells electricity on the wholesale market. As of December 31, 2016, its two utilities in the United States included generation capacity totaling 6,314 MW.

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. As of December 31, 2016, its United States SBU had 18 generation facilities and two integrated utilities in the United States. As of December 31, 2016, its Andes SBU had generation facilities in three countries. Its Brazil SBU has generation and distribution businesses, Eletropaulo and Tiete. As of December 31, 2016, its MCAC SBU had a portfolio of distribution businesses and generation facilities, including renewable energy, in five countries. As of December 31, 2016, its Europe SBU had generation facilities in five countries. As of December 31, 2016, its Asia SBU had generation facilities in three countries.