The AES Corporation is a global power company that operates in 27 countries. Their mission is “Improving lives by providing safe, reliable and sustainable energy solutions in every market AES serves.” Founded in 1981,AES Corporation is headquartered in Arlington, Virginia.
AES Shady Point is located near Panama. As Oklahoma’s newest power plant, it was built in 1990 and has the capacity to provide 350 MW of power. That’s enough to power 57,400 homes! They have a contract with OG&E to do just that.
In an article from Platts, Lundy Kiger states, “Shady Point has helped to revive the Oklahoma coal industry.” Today, 70% of the coal mined in the state is used at the plant. Between the 77 jobs at the plant, the roughly 3,000 direct and indirect mining jobs created, the increased tax base, and other factors, Shady Point has had a $60 million annual impact on the economy of rural Oklahoma.
AES Shady Point has always been a big supporter of the economic and civic health of the area. In fact, AES built a new elementary school in the town of Panama. This was the first time in the state’s history that a private company did that.
While their main job is to help provide us with power, they do so much more. They have been instrumental in promoting the areas economic health as well as fostering community development.