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