CIG - Companhia Energética de Minas Gerais

NYSE - NYSE Delayed Price. Currency in USD

Companhia Energética de Minas Gerais

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
Brazil
55 31 3506 3711
http://www.cemig.com.br

Sector
Industry
Full Time Employees6,286

Key Executives

NameTitlePayExercisedAge
Mr. Bernardo Afonso Salomão de AlvarengaN/AN/A66
Mr. Adézio de Almeida LimaN/AN/A62
Mr. Franklin Moreira GonçalvesN/AN/A47
Mr. César Vaz de Melo FernandesN/AN/A60
Mr. Dimas CostaN/AN/AN/A
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.

Description

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

Corporate Governance

Companhia Energética de Minas Gerais’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.