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| Shareholding Structure |
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The Company was created in 1999 when it was
spun off from Companhia Energética de
São Paulo (CESP),
and acquired at privatization auction by AES Corporation, one of the
world largest investors in electric energy, which operates 123 power
plants and
14 electricity distribution companies in 26 countries. With
a 30-year concession contract
beginning on December 20, 1999, the Company
is authorized to use public assets to produce
and commercialize energy
as an Independent Power Producer.
Since the end of 2003, AES Tietê has come under the control of
Brasiliana Energia S/A
(“Brasiliana”)– a holding
company made up of AES Corp and BNDES (Brazilian Economic
and Social
Development Bank) – which is also the controlling shareholder
of
Eletropaulo Metropolitana Eletricidade de São Paulo S.A.
(“AES Eletropaulo”) and
AES Uruguaiana Empreendimentos
S.A. (“AES Uruguaiana”).
With shares listed on the São Paulo Stock Exchange (“Bovespa”)
and Level 1 ADRs traded
over-the-counter in the U.S., AES Tietê ended
2005 with gross revenues of R$ 1.3 billion
and net income of R$ 556.1
million. |
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Mission
To generate and distribute electricity and other services, satisfying
the needs of the
world in a safe, clean, reliable and socially responsible
manner. |
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| Values |
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Put Safety First
We will always put safety first – for our people, contractors and communities.
Act with Integrity
We are honest, trustworthy and dependable. Integrity is at the core
of all we do
– how we conduct ourselves and how we interact with
one another and all of our stakeholders.
Honor Commitment
We honor our commitments to our customers, teammates, communities,
owners, suppliers and
partners and we want our business, on the whole,
to make a positive contribution to society.
Strive for Excellence
We strive to the best in all that we do and to perform at world-class
levels.
Have fun through work
We work because work can be fun, fulfilling and exciting. We enjoy
our work and
appreciate the fun of being part of a team that is making
a difference.
And when it stops being that way, we will change what
or how we do things. |
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