CEMIG

CEMIG
Company typeSociedade Anônima
B3CMIG3, CMIG4
NYSECIG
BMADXCMIG
Ibovespa Component
ISINBRCMGDDBS009 Edit this on Wikidata
IndustryElectricity
Founded1952
FounderJuscelino Kubitschek
Headquarters,
Key people
Bernardo Afonso Salomão de Alvarenga (CEO)
ProductsElectrical power
natural gas
ServicesElectricity distribution
Electricity transmission
telecommunications
RevenueIncrease US$  6.5 billion (2017) [1]
Increase US$ 302.4 million (2017) [1]
Number of employees
16,300
SubsidiariesLight S.A.
Taesa
Websitewww.cemig.com.br

Companhia Energética de Minas Gerais S.A. (CEMIG; English: Energy Company of Minas Gerais) is a Brazilian power company headquartered in Belo Horizonte, capital of the state of Minas Gerais. The company is one of the main electricity concessionaires in Brazil. It operates in the areas of generation, transmission, distribution and commercialization of electric energy and also in the distribution of natural gas. The company is responsible for 12% of the Brazil's distribution. It is the fourth-largest electricity company in Brazil by revenue after Eletrobras, Energisa and CPFL Energia.

CEMIG is present in 22 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. Just over half of Cemig's stock is owned by the state of Minas Gerais.[2]

The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and for the management of the largest network of electricity distribution in South America, with more than 400 thousand km of lines.

The stock is traded on B3 where it is part of the Ibovespa index. It is also traded on the New York Stock Exchange. It's also part of The Global Dow and of the Latibex, an index for Latin American companies in Madrid Stock Exchange.

The company owns 43% of Taesa, a Brazilian Electric Company.[3]

  1. ^ a b Alberto Alerigi Jr. "Lucro da Cemig em 2010 cresce 6%, para R$ 2,257 bi". Exame.
  2. ^ "Brazil's Cemig to acquire three solar energy plants". Reuters. 2022-06-29. Retrieved 2022-11-13.
  3. ^ "Taesa". taesa.com.br.