Companhia Energética de Minas Gerais
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Reynaldo Passanezi Filho
- Full Time Employees
- 5,320
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- Avenida Barbacena, 1200 Belo Horizonte MG Brazil 30190-131
- IPO Date
- Nov 18, 1996
- CIK
- 0001157557
- Website
- cemig.com.br
- Similar Companies
- Business
- Companhia Energética de Minas Gerais (CEMIG) (NYSE: CIG; B3: CMIG4) is a leading Brazilian integrated energy utility engaged in the generation, transmission, distribution, and sale of electricity. CEMIG generates power through a diversified portfolio of hydroelectric, thermoelectric, solar, and wind facilities; transmits electricity via high-voltage lines across Minas Gerais and interconnecting regions; distributes power to approximately 9 million customers in its concession area covering 96% of Minas Gerais state; and sells electricity on the wholesale market through bilateral contracts and the regulated market. The company also provides energy solutions including efficiency services, distributed generation projects, and telecommunications infrastructure over its extensive network. CEMIG operates primarily in Brazil, with a focus on the Southeast region, and maintains international investments in renewable energy assets in countries such as Colombia and Peru. Founded in 1952 and headquartered in Belo Horizonte, Minas Gerais, CEMIG is controlled by the State of Minas Gerais. In recent developments, CEMIG completed the acquisition of Aliança Geração de Energia in 2024, adding 1.6 GW of generation capacity primarily from hydroelectric and wind assets; launched new solar and wind projects totaling over 1 GW under development as of 2025; formed strategic partnerships for battery storage integration and green hydrogen initiatives; and announced a major refinancing of debt in late 2024 to support expansion amid Brazil's energy transition.
Company News
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