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Companhia Energ (CIG)

7.24 Up 0.22(3.13%) Apr 17, 4:01PM EDT
|After Hours : 7.24 0.00 (0.00%) Apr 17, 6:20PM 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 S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2012, the company generated electricity at 59 hydroelectric plants, 3 thermoelectric plants, and 3 wind farms; had a total installed capacity of 7,038 megawatts; owned and operated 13,670 miles of transmission lines; and owned and operated 308,466 miles of distribution lines, through which it supplied electricity to approximately 7.5 million end-consumers. It also acquires, transports, distributes, and sells natural gas; engages in the exploration and production of crude oil and natural gas; provides signal transportation and access services for point-to-point and point-to-multipoint applications, primarily to telecommunications operators and Internet service providers on a clear channel basis; offers services related to the sale and trading of electricity in the Brazilian electricity sector; engages in the implementation and management of systems for electricity sector companies; and engages in the national and international consulting business that provides energy solutions to governments and public utility companies in the electricity industry. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

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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 of Fin., Investor Relations & Control of Holdings and Member of Exec. Board
Mr. Fernando Henrique Sch Neto , 54
Chief Officer for Bus. Devel. & Corp. Control of Subsidiaries & Affiliates 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.