Industry & Services >> CEO Interviews >> June 16, 1999

Dennis W. Bakke – The Aes Corporation

DENNIS W. BAKKE is co-founder of The AES Corporation (AES), serves as President and Chief Executive Officer, and is a member of the AES Board of Directors. Formed in 1981 to generate and sell electricity, AES has grown into a leading global power company with operations and development in 15 countries. Mr. Bakke is the co-author of the book Creating Abundance, America's Least Cost Energy Strategy published by McGraw-Hill in June of 1984. Prior to 1981, Mr. Bakke was Deputy Director of the Energy Productivity Center, Carnegie-Mellon University. During this time, he was also Director of the Gas Requirements Agency of the American Gas Association and a private energy consultant. Previously, Mr. Bakke was the Executive Assistant to the Administrator, Federal Energy Administration (FEA), and assisted in the development and implementation of energy policy during the oil crisis period of '73-'74. Later he became the Deputy Manager for energy conservation programs. In addition, he served for 18 months as Chairman of the International Energy Agency Conservation Group in Paris, France where he published critical evaluation and ranking of the conservation programs of major petroleum consuming countries (OECD). He left FEA to attend the National War College, graduating with Distinction in 1977. Mr. Bakke also held positions in the Federal Government's Office of Management and Budget and the Department of Health, Education and Welfare in the Management Planning Group. Mr. Bakke graduated with Honors from the University of Puget Sound, Tacoma, Washington, in 1968. He received an M.B.A. from Harvard University, 1970, and an Honorary Doctorate in Humane Letters from Eastern University, 1998. He was born and raised in rural northwest Washington State. Over these past 20 years, he has served as a member of the President's Advisory Council of University of Puget Sound; Chairman, Church Deacons Board; member of the President's Advisory Board of Winthrop College, SC; Moderator of Washington Community Fellowship Church; and Director of Van Horn Designs, Inc. In June 1992, he and Roger Sant, Chairman of the Board of The AES Corporation, were jointly awarded Entrepreneur of the Year' for the Washington area, in the category of social responsibility. He is married to the former Eileen Harvey of Beaufort, SC and father of five children. Mr. Bakke currently serves as Director of International Urban Associates, Director of Young Life of Washington, DC, Co-Founder and President of the Mustard Seed Foundation, Trustee and Treasurer of Rivendell School, board member of Council for Excellence in Government, board member of Electric Power Supply Association, board member of MacroSonix Corporation, and member of the American Business Conference. Profile
TWST: Let's start out by you giving us a brief overview of the AES

Corporation your company's history, services, customers, those kinds of


Mr. Bakke: The AES company began in late