AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share


Company nameCompanhia Energética de Minas Gerais S.A.
Company typeSociedade Anônima
HeadquartersBelo Horizonte, Brazil
Key peopleDjalma Bastos de Morais, (CEO)
ProductsElectricity generation, distribution and transmission
natural gas
Revenue(+) US$ 8.2 Billion (2010) [
Net income(+) US$ 1.5 Billion (2010) [
Employees|8.860 industry=Utilities
SubsidiaryLight S.A.

     Home | Company | CEMIG

CEMIG (BM&F Bovespa: CMIG3, CMIG4 / Nyse - CIG / BMAD: XCMIG) is a Brazilian power company headquartered in Belo Horizonte capital of Minas Gerais. The company is one of the largest power generator and distributor in Brazil being responsible for 12% of the national distribution.

CEMIG is present in 15 Brazilian States and in Chile. With around 50 power plants in operation, most of them hydroelectric. The company owns around 6,000 MW of generation capacity. Cemig also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. Meanwhile a business called Gasmig supplies natural gas in Minas Gerais. Just over half of Cemig's stock is owned by the state of Minas Gerais.

The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and the management of the largest network of electricity distribution in South America, with more than 400 thousand km long. Cemig is one of the largest generators of the Country Park event for the Company consists of more than 64 hydroelectric plants, thermal and wind.

The stock is traded on BM&F Bovespa, where it is part of the Ibovespa index. It is also traded on the New York Stock Exchange and Latibex an index for Latin companies in Madrid Stock Exchange.The company is being included in the new Global Dow (Dow Jones index that has 150 companies meant to track worldwide stock performance).

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260