AES Corp. operates as a power generation and utility company. It operates through two business lines: Generation and Utilities. Read More The Generation business line refers to the utilization of fuels and technologies to generate electricity such as coals, gas, hydro, wind, solar and biomass. The Utilities business line comprises the transmission, distribution, and in certain circumstances, generates power. The company also operates through the following business units: United States, Andes, Brazil, Europe, Asia and MCAC(Mexico, Central America and Caribbean). The company was founded by Dennis W. Bakke and Roger W. Sant in 1981 and is headquartered in Arlington, VA.