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AES

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{{Infobox Company
| company_name = AES Corporation
| homepage = [http://www.aes.com/aes/index?page=home AES.com]
| footnotes =
}}'''The AES Corporation''' is a publicly owned global power company that operates in 27 countries.<ref name="home">[http://www.aes.com/Aboutus/Home/ "Overview"], ''AES'', Accessed February 11, 2013.</ref> According to their website, AES' mission is "Improving lives by providing safe, reliable and sustainable energy solutions in every market AES serves."<ref name="home"></ref> Founded in 1981,<ref>[http://www.aes.com/Aboutus/History/ "History"], ''AES'', Accessed February 11, 2013.</ref> AES Corporation is headquartered in Arlington, Virginia.<ref name="address">[http://aes.com/aes/index?page=contactus/ "Contact Us"], ''AES'', Accessed February 11, 2013.</ref>
In 2011, AES Corporation reported $17,274,000,000 in total revenue.<ref>[http://investor.aes.com/phoenix.zhtml?c=76149&p=irol-reportsannual/ "Annual Financial Reports"], ''AES'', Accessed February 11, 2013.</ref>
 
==Ties to Pete Peterson's "Fix the Debt"==
 
The [[Portal:Fix the Debt|Campaign to Fix the Debt]] is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire [[Pete Peterson]] to slash earned benefit programs such as [[Social Security]] and [[Medicare]] under the guise of fixing the nation's "debt problem."
 
This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." '''Please visit our main SourceWatch page on [[Portal:Fix the Debt|Fix the Debt]].'''
 
{{about_FTD}}
==Ties to the American Legislative Exchange Council==
 
AES subsidiary Indianapolis Power and Light was a "Vice Chair"-level sponsor of the 2016 ALEC Annual Conference.<ref>Nick Surgey, "[https://www.exposedbycmd.org/2016/07/27/exxonmobil-top-sponsor-alec-annual-meeting/ ExxonMobil Top Sponsor at ALEC Annual Meeting]," ''Exposed by CMD'', Center for Media and Democracy, July 27, 2016.</ref>
 
See [[ALEC Corporations]] for more.
 
{{about_ALEC}}
==AES and Corporate Social Responsibility==
In June 2009, SOMO (the Centre for Research on Multinational Corporations) published a research report that investigated, among other things, AES’ Corporate Social Responsibility (CSR) policies and practices. The report concluded that “[AES] seems to be less motivated by CSR concerns or issues than by the hard business imperative of profit”. <ref>J. Wilde Ramsing and T. Steinweg, "Down to the Wire: The Impact of Transnational Companies on Sustainable Electricity Provision in Developing Countries," SOMO, June 2009.</ref>
 
==Board of Directors==
*Philip Odeen, Chairman
*Andres Gluski, President and CEO
*Zhang Guobao
*Kristina Johnson
*Tarun Khanna
*John Koskinen
*Philip Lader
*Sandra Moose
*Jay Morse
*Charles Rossotti
*Sven Sandstrom
==Coal lobbying==
==Proposed plant retirements==
===[[AES Thames Generation Plant]]===
On February 1, 2011, [[AES Thames Generation Plant]] filed for Chapter 11 bankruptcy in the state of Delaware, calling the shutdown temporary. AES Thames cited the increased cost of energy production and an "uneconomic and onerous" contract with [[Smurfit-Stone]]'s predecessor. Smurfit-Stone sought a temporary restraining order and injunction to prevent the closing, which were to be heard by the New London Superior Court on Feb. 2, but AES Thames filed for bankruptcy the day before.<ref name=pd/>
The plant ceased operating after the bankruptcy. In December 2011, Thames and was sold to a subsidiary of [[BTU Solutions]], based in Sugar Land, Texas. BTU plans to close and dismantle the plant, and lay off its workers by December 28, 2011.<ref>Janice Podsada, [http://articles.courant.com/2011-12-16/business/hc-montville-coal-plant-closing-20111214_1_biomass-plant-coal-plant-coal-fired-plant "NRG Biomass Plant Could Offset Impact of Montville Coal-Fired Power Plant's Closing,"] The Hartford Courant, December 16, 2011.</ref>
===Elementary students protest AES Shady Point fly ash===
{{#evpev:youtube|tUGy5_xN28A|400|left|Children affected by fly ash|left|300frame}}
Residents of Bokoshe, Oklahoma claim that a [[coal ash]] waste site run by a company called Making Money Having Fun located in the town is causing health problems among local residents. School children voiced their concerns by organizing a letter drive to send to their congressperson. "When I found out that nine kids out of seventeen in my sixth grade [class] that had asthma, I knew there was a problem," said Bokoshe teacher Diane Reece.<ref>[http://www.4029tv.com/video/26052837/detail.html "Town Accuses Coal Plant Of Poisoning Community"] December 7, 2010, 4029v.com</ref>
AES also has interests in the following coal power plants outside the U.S.:<ref>[http://www.aes.com/aes/index?page=generation "Generation"], AES website, accessed June 2008.</ref><ref>United Kingdom Quality Ash Association, [http://www.ukqaa.org.uk/PowerStation.html "Power Station Locations and Capacities"], undated but after 2006, accessed June 2008.</ref><ref name="Appendix E">Mott MacDonald, [http://www.berr.gov.uk/files/file14151.pdf "UK Coal Production Outlook: 2004-16"], Department of Trade and Industry website, Final Report March 2004. See Appendix E: UK Coal Power Stations, page E-1 at the end of the report.</ref>
* the 520 megawatt [[Kilroot Power Station]] in Carrickfergus, Northern Ireland. AES has a 100% interest in the project;
* the 51 megawatt [[Aixi Power Station]] in China which was built in 1998. AES has a 71% interest in the project;
* the 250 megawatt [[Jiaozuo Power Station]] in China which was built in 1997. AES has a 70% interest in the project;
===AES in Argentina===
AES has received criticism for its lack of investment in infrastructure, which has endangered public health and safety in Argentina. AES seems to have been reluctant to invest in the distribution networks, as such investments would not be economically viable in the company’s assessment. Argentina’s electricity regulator has fined AES for this lack of investment and even forced the company to invest in new electricity poles. AES has now pledged to invest in electricity sub-stations and the distribution network, but only after reaching an agreement with the Argentine government following the latter’s initiation of legal proceedings against the company.<ref>J. Wilde Ramsing and T. Steinweg, [http://somo.nl/publications-en/Publication_3088 ''Down to the Wire''], SOMO (Center for Research on Multinational Corporations), June 2009, page 107.</ref> (For further information see [[AES in Argentina]]).
===Puerto Rico and Coal Ash===
It is the second time in recent years that AES has faced concerns from environmentalists and government. In 2007, the company agreed to pay $6 million to clean up industrial waste in the [[Dominican Republic]], whose government filed a lawsuit alleging AES dumped 82,000 tons of coal ash along several beaches, which the lawsuit claimed was shipped from the AES plant in Puerto Rico.<ref name="pr"/>
 
As of September 2012, a group of Puerto Rican citizens said they would take AES to federal court for illegally dumping waste Guayama coal-fired power plant. Attorney Ruth Santiago sent a notice of intent to sue, also stating the list of four demands to prevent any further illegal activities by AES. The waste dumped at the site contains harmful carcinogens and cancer substances that are detrimental to public health.<ref> Puerto Rico and Coal Ash, [http://publicjustice.net/content/citizens-group-puerto-rico-poised-sue-energy-giant-aes-corp-illegal-coal-ash-dumping] Public Justice.</ref>
 
==Board of Directors==
*[[Philip Odeen]], Chairman
*[[Andres Gluski]], President and CEO
*Zhang Guobao
*[[Kristina Johnson ]]
*Tarun Khanna
*John Koskinen
*Philip Lader
*Sandra Moose
*Jay Morse
*Charles Rossotti
*Sven Sandstrom
==Contact details==
==Articles and Resources==
===Sources===
{{reflist|2}}
===Featured SourceWatch Articles on Fix the Debt=== * [[Portal:Fix the Debt|Fix the Debt Portal Page]]** [[Fix the Debt's Leadership]]** [[Fix the Debt's Partner Groups]]** [[Fix the Debt's State Chapters]]** [[Fix the Debt's Lobbyists]]** [[Committee for a Responsible Federal Budget|Fix the Debt's Parent Group]]** [https://www.sourcewatch.org/index.php?title=Category:Fix_the_Debt_Corporations Fix the Debt's Corporations]** [[Pete Peterson]]** [[Peter G. Peterson Foundation]]** [[America Speaks]]** [[Simpson-Bowles Commission]]** [[Erskine Bowles]]** [[Alan Simpson]]** [[Social Security]]** [[Medicare]]** [[Medicaid]] ===Other Related SourceWatch articles=== 
*[[Oklahoma and coal]]
*[[Paul Hanrahan]]
====UK coal related articlesCoal Related Articles==== 
*[[Advanced Power Technology Forum]]
*[[British Coal Utilisation Research Association]]
*[[Victoria D. Harker]] - former president
==== External links Links==== 
* J. Wilde Ramsing and T. Steinweg, [http://somo.nl/publications-en/Publication_3088 "Down to the Wire: The Impact of Transnational Companies on Sustainable Electricity Provision in Developing Countries,"] SOMO, June 2009.
===References==={{reflist|2}} [[Category:Mining]][[Category:Climate change]][[Category:United States]][[Category:Real Economy Project]][[Category:Fix the Debt]][[Category:Fix the Debt Corporations]][[Category:Environment]][[Category:United Kingdom]][[Category:Power companies and agencies in the United States]]

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