Energy Company of Minas Gerais

About Energy Company of Minas Gerais

Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. It operates through the following segments: Generation and Sale, Transmission, Distribution, Gas, and Other Businesses. The Generation and Sale segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil.

Founded

1952

CEO

Mr. Reynaldo Passanezi Filho

Employees

5,320

Headquarters

Belo Horizonte, Minas Gerais, Brazil

Fiscal year end

12-31

Website

ri.cemig.com.br

Company profile

Exchange

US

Symbol

CIG

Market-cap rank

#1904

Listing date

1970-01-01

Market cap

6.64B

Float cap

5.51B

Shares out

2.86B

Float shares

2.37B

Sectors & themes

Browse all sectors & themes