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AES is one of the world's leading power companies. We generate and distribute electric power in 26 countries through an array of world-class power businesses. In some regions our power may drive supercomputers and cutting-edge industrial technologies, while in others we may be delivering the first reliable source of electricity to hospitals, homes, schools and businesses. Regardless of locale, we believe that electricity is essential to human progress and advancing economic growth, public health and security.

In a little over two decades, our company has transformed from ambitious concept to industry leader. This growth is the result of bold and innovative development projects in the face of daunting challenges. Our ability to conceptualize, plan, build and operate power plants sets us apart in the industry. In addition, the ever-changing energy business has shaped our ability to turn around or optimize underperforming assets.

The key to our success is our people. More than 30,000 professionals contribute their skills every day to deliver electricity to the world's communities. Our people are not only among the most dedicated, capable and innovative in the energy business, they also are committed to a set of values: integrity, fairness, social responsibility and fun.

AES is one of the largest global power companies, generating and distributing electric power to millions of people in 26 countries on five continents. We are truly global, with a large part of our operations outside the

Our 123 power generation facilities can generate over 44,000 megawatts of electricity, enough to light up 440 million lightbulbs. Our 14 distribution companies deliver electricity to about 11 million residential, commercial, and industrial customers.

We organize our businesses by four regions: North America, Latin America, Europe, the Middle East, Africa and Asia . Each is led by a regional president who reports directly to the CEO.

We have a strong and supportive corporate center to help these businesses operate effectively. We leverage our corporate resources in such key areas as finance, global sourcing, communications, compliance, risk management, business development, human resources, information technology, legal, performance improvement, strategy, and safety. It is our vision to leverage the can-do spirit that drives each of our businesses' success - as well as reap the enormous potential of our global franchise.

We set and achieve high standards in both operations and financial performance. AES's operations are committed to being among the best run and most efficient in the power business, reaching the top quartile of performance by 2006 and the top decile by 2008. Each of our teams is empowered by a corporate structure and management philosophy that drive flexibility, accountability and results.