Belfer Center Home > Experts > Hillel Bachrach > Power to People: The Inside Story of AES and the Globalization of Electricity

EmailEmail   PrintPrint Bookmark and Share

 
<em>Power to People: The Inside Story of AES and the Globalization of Electricity</em>

Power to People: The Inside Story of AES and the Globalization of Electricity

Book, Island Press

July 4, 2007

Author: Peter Grose, Former Associate, International Security Program, 2004–2010; Former Research Fellow, International Security Program, 1997–2004

Ordering Information for this publication

Belfer Center Programs or Projects: International Security

 

OVERVIEW

In the late 1990s, while Enron was flying high, a smaller power company flew under the radar. AES was founded in 1981 according to a different set of principles—fiscally conservative investment strategies paired with the belief that business can be both fun and socially responsible.

When Roger Sant arrived in Washington, D.C., in 1974, industry and government were focused on securing ever more oil, gas, coal, and nuclear energy, not on efficiency. Sant, who left a teaching position at Stanford’s business school to become assistant administrator of the Federal Energy Administration, was committed to changing the focus. With his colleague Dennis Bakke and a handful of investors, Sant founded AES, an upstart energy service company that would ultimately help transform the industry. The company was built on Sant and Bakke’s ideals: a healthy work environment, a healthy natural environment, and efficient electricity generation and delivery at an affordable price. AES seized the opportunities created by deregulation of the electricity industry, breaking free of an energy infrastructure dating back to Thomas Edison’s day. While Enron and many others stumbled, AES proved itself able to survive and often to thrive. Rapid growth would become the company’s greatest challenge, yet through exhilarating highs and disappointing lows, AES has maintained its founders’ original vision of electricity generation that sustains workers, consumers, and the environment.

Power to People is the story of electricity privatization, expanding global markets, and the transformation of an industry. It is also proof of the electrifying combination of innovation and good citizenship.

Peter Grose is a former New York Times and Foreign Affairs editor. His latest book is called Operation Rollback: America’s Secret War Behind the Iron Curtain, following upon his biography of Allen Dulles, Gentleman Spy. He periodically appears on the History Channel, CBS News, and C-Span to comment on the history of intelligence.

 

For more information about this publication please contact the ISP Program Coordinator at 617-496-1981.

For Academic Citation:

Grose, Peter. Power to People: The Inside Story of AES and the Globalization of Electricity. Washington, D.C.: Island Press, July 4, 2007.

Document Length: 186 pp.

Bookmark and Share

SUBSCRIBE

Receive email updates on the most pressing topics in science and int'l affairs.

Events Calendar

We host a busy schedule of events throughout the fall, winter and spring. Past guests include: UN Secretary-General Ban Ki-moon, former Vice President Al Gore, and former Russian President Mikhail Gorbachev.