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Companhia Energ (CIG)

8.58 Down 0.31(3.49%) 4:01PM EDT
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Companhia Energ
Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
Brazil - Map
Phone: 55 31 3506 3711

Index Membership:N/A
Full Time Employees:7,922

Business Summary 

Companhia Energ├ętica de Minas Gerais - CEMIG, through its subsidiaries, is engaged in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2013, the company generated electricity at 64 hydroelectric plants, 3 thermoelectric plants, and 3 wind farms with a total installed capacity of 7,145.3 megawatts; and owned and operated 13,670 miles of transmission lines and 330,734 miles of distribution lines. It is also involved in the exploration, production, acquisition, transportation, distribution, and sale of natural gas; and the provision of signal transportation and access services for point-to-point and point-to-multipoint applications to telecommunications operators and Internet service providers on a clear channel basis, as well as services related to the sale and trade of electricity in the Brazilian electricity sector. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

Key Statistics

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Key Executives 
Mr. Djalma Bastos de Morais , 76
Chairman of Exec. Board, Vice Chairman, Chief Exec. Officer and Exec. VP
Mr. Luiz Fernando Rolla , 64
Chief Officer for Fin. and Investor Relations and Member of Exec. Board
Mr. Fernando Henrique Sch Neto , 54
Chief Officer for Bus. Devel. and Member of Exec. Board
Mr. Luiz Henrique de Castro Carvalho ,
Chief Generation & Transmission Officer and Member of Exec. Board
Mr. Jos Carlos de Mattos , 68
Chief Officer for the Gas Division and Member of Exec. Board
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.