Applied Energy Services, Inc.

APPLIED ENERGY SERVICES, INC. (AES) is a global power company providing energy to five continents (all but Australia and Antarctica). Since its founding in 1981, AES has expanded globally with a purpose of bringing safe electric power to people, including those who have never before had access to it. To this end, the company uses the slogan The Power of Being Global. The first AES power plant was built in Texas in 1985; the AES power plant cadre subsequently increased to four U.S. plants by 1989. Three additional plants were constructed in California, Oklahoma, and Pennsylvania.

Within the next decade, AES had expanded its business into the global market, supplying power to Argentina, Brazil, China, Hungary, Pakistan, the United Kingdom, and other countries. AES was the first U.S. power company to provide service to China. Further expansions included Bulgaria, Cameroon, Oman, Qatar, Sri Lanka, West African, and Central American nations. In 1988, AES, in partnership with other companies, became a member of the only privatized power generator in India.

AES is researching cleaner forms of energy, such as wind and solar power, and other means of environmental protection. Two decades after building its first U.S. power plant, the first AES wind farm was built in Texas, in 2006. The European countries of Bulgaria, France, and the United Kingdom also boast new AES wind farms. AES may also expand into liquefied natural gas. AES is also a partner with United Kingdom-based AgCert in AES AgriVerde, a coalition dedicated to reducing greenhouse gas emissions by tens of millions of tons per year, by the year 2012. Additionally, through other environmentally conscious endeavors, including capturing methane released by power generation reactions, the company plans to further reduce emissions by equivalent values. The power plants that participate in the emissions reductions are selected plants from Africa (northern), Asia, and Europe.

In the late 1980s, AES spearheaded a 10-year campaign to plant 52 million trees in Guatemala. The company is also reforesting an area along Brazil's Tiête River with native plants. In addition, since 1999 AES has invested more than $150 million to reduce emissions in coal-fired New York power plants that. At AES Greenidge, located in Dresden, New York, researchers investigate cleaner methods for harnessing power from coal. In Africa, Europe, and Kazakhstan, AES manages 24 power [Page 68]plants, employing more than 14,000 people. A total of 13 generation plants employing nearly 700 people supply Asia and the Middle East. Central and South America combined have 48 AES generation plants, with 10,000 employees. Finally, North America houses 33 power plants that employ more than 3,000 people.

An executive office, led by a president and chief executive officer, manages AES. An executive vice president manages each of the four regions in which AES provides power. There are also officers leading the AES divisions of Alternative Energy; Business Excellence; Communications; Energy and Natural Resources; Finance; Forecasting, Strategy and Risk Management; and Legal. Additionally, AES has a board of directors, with four standing committees. Members of these committees work to guide the company in the areas of Compensation; Finance and Investment; Financial Audits; and Nominating, Governance, and Corporate Responsibility. In the AES company guidelines, corporate responsibility is a global responsibility to provide safe, reliable, and responsible energy to all its recipients.

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