AES Corp.

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

Description:
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 703-522-1315 Main Business -- Electric energy production Founded -- 1981 Chairperson -- Roger W. Sant President -- Dennis W. Bakke (CEO) Employees -- 6,000 D.C.-Area Employees -- 60

Developments:
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 on—moving from the Nasdaq Stock Market in October to the New York Stock Exchange. Last month it raised $390 million in a stock offering.