CEMIG

Companhia Energética de Minas Gerais S.A.

Type	Sociedade Anônima
Traded as	BM&F Bovespa: CMIG3, CMIG4 NYSE: CIG BMAD XCMIG
Industry	Electricity
Founded	1952 (1952)
Headquarters	Belo Horizonte, Brazil
Key people	Djalma Bastos de Morais (CEO)
Products	Electrical power natural gas
Services	Electricity distribution Electricity transmission telecomunications
Revenue	US$ 8.2 billion (2010) [1]
Net income	US$ 1.5 billion (2010) [2]
Employees	16.300
Subsidiaries	Light S.A.
Website	cemig.com.br

CEMIG (BM&F Bovespa: CMIG3, CMIG4 / NYSE: CIG / BMAD: XCMIG) is a Brazilian power company headquartered in Belo Horizonte capital of Minas Gerais. The company is one of the largest power generator and distributor in Brazil being responsible for 12% of the national distribution.

CEMIG is present in 15 Brazilian States and in Chile. With around 50 power plants in operation, most of them hydroelectric. The company owns around 6,000 MW of generation capacity. Cemig also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. Meanwhile a business called Gasmig supplies natural gas in Minas Gerais. Just over half of Cemig's stock is owned by the state of Minas Gerais.

The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and the management of the largest network of electricity distribution in South America, with more than 400 thousand km long. Cemig is one of the largest generators of the Country Park event for the Company consists of more than 64 hydroelectric plants, thermal and wind.

The stock is traded on BM&F Bovespa, where it is part of the Ibovespa index. It is also traded on the New York Stock Exchange and Latibex an index for Latin companies in Madrid Stock Exchange.

The Headquarters building of Cemig, in Belo Horizonte.

The company is being included in the new Global Dow (Dow Jones index that has 150 companies meant to track worldwide stock performance).

References

1. ^ [1]
2. ^ [2]

External links

• The company's home page in Portuguese
• The company's investor relations page in English

Companies portal