Companhia Energética de Minas Gerais
CIG-C
New York Stock Exchange3.04
USD
+0.01
- -
CIK
0001157557
ISIN
US2044098828
CUSIP
204409882
Return %
Stock
S&P500
1Y
9.57
26.57
3Y
14.10
76.60
5Y
51.00
78.48
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Reynaldo Passanezi Filho
- Full Time Employees
- 5,028
- Sector
- Utilities
- Industry
- Diversified Utilities
- Address
- Avenida Barbacena, 1200 Belo Horizonte MG Brazil 30190-131
- IPO Date
- Jun 12, 2007
- CIK
- 0001157557
- Website
- cemig.com.br
- Similar Companies
- Business
- Companhia Energética de Minas Gerais (CEMIG) is a Brazilian energy company headquartered in Belo Horizonte, Minas Gerais, primarily engaged in the generation, transmission, distribution, and commercialization of electric energy, as well as the distribution of natural gas. Founded in 1952, CEMIG operates across 22 Brazilian states and Chile, serving around 18 million people in 774 municipalities, with a major concession in the state of Minas Gerais. The company manages the largest electricity distribution network in South America, with over 400,000 km of lines, and operates approximately 83 power plants, including hydroelectric, wind, and photovoltaic facilities, totaling around 5,500 MW of installed capacity. CEMIG's core products and services include electric energy generation predominantly through hydroelectric plants; transmission and distribution of electricity; natural gas distribution; energy commercialization; and energy solutions through its energy services company (ESCO). The company also engages in gas distribution, telecommunications, IT services, and innovative energy efficiency projects. The generation portfolio comprises mainly renewable energy sources, including hydroelectric, wind, and solar power. Transmission assets consist of extensive high and medium voltage lines, while distribution services cover a dense network reaching millions of residential, commercial, and industrial customers. Recent major developments include the launch of its inaugural solar power plants in July 2025, marking a strategic expansion into renewable energy beyond hydroelectric power to enhance sustainability. CEMIG is investing heavily in grid modernization and digital transformation, including deploying SAP S4/HANA systems to boost operational efficiency and agility. In 2025, the company invested approximately BRL 4.7 billion across generation, transmission, and distribution, with a strong focus on expanding substations and upgrading distribution infrastructure. Regulatory approvals increased transmission line tariffs by around 7.78% for 2025, supporting revenue growth, alongside plans to invest BRL 23.2 billion from 2025 to 2028 to reinforce and upgrade transmission and distribution networks. The company also actively pursues initiatives to reduce energy losses and expand customer connections. CEMIG's business segments encompass regulated electric energy generation and supply, natural gas distribution, energy trading, and infrastructure services. It holds stakes in numerous subsidiaries and consortia, with notable market presence as one of Brazil’s largest integrated power utilities. The company targets a broad market including residential, commercial, industrial, and free energy market clients with approximately 25% market share in free energy supply in Brazil. CEMIG continues to align its operations with sustainability and technological innovation to drive growth and operational excellence. This profile reflects CEMIG’s status as a leading company in the Brazilian electric utility sector, combining extensive infrastructure, renewable energy focus, and strategic investments to maintain its competitive position and support regional development.