CIG-C 📈 Energy of Minas GeraisDRC - Overview

Companhia Energética de Minas Gerais, commonly referred to as CEMIG, is a Brazilian energy company that operates through its various subsidiaries to generate, transmit, distribute, and sell energy. The company's energy portfolio is diverse, comprising 57 hydroelectric plants with a combined capacity of 5,010.4 megawatts, 9 wind farms that produce 175.7 megawatts, and 2 photovoltaic power stations capable of generating 3.9 megawatts of electricity. This renewable energy focus positions CEMIG as a significant player in Brazil's clean energy sector.

CEMIG's infrastructure is extensive, with over 344,006 miles of distribution lines and 4,653 miles of transmission lines, facilitating the delivery of electricity to a wide range of customers. Beyond electricity, the company is also involved in the natural gas sector, encompassing the acquisition, transportation, and distribution of gas, as well as the sale of its subproducts and derivatives. Additionally, CEMIG participates in the sale and trading of energy, further diversifying its revenue streams. The company's activities extend to the construction, implementation, operation, and maintenance of electricity transmission systems, highlighting its comprehensive approach to energy management.

The company's service portfolio is broad, including marketing and intermediation of energy-related businesses, distributed generation, account services, cogeneration, energy efficiency initiatives, and supply and storage management. This wide range of services underscores CEMIG's commitment to meeting the complex energy needs of its customers. Founded in 1952 and headquartered in Belo Horizonte, Brazil, CEMIG has established itself as a longstanding and integral part of Brazil's energy landscape. With its operations and commitments, the company plays a vital role in powering the economic and social development of the regions it serves.

As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol CIG-C, CEMIG is subject to the scrutiny and transparency required of public companies. Its common stock is classified under the GICS Sub Industry of Electric Utilities, reflecting its core business activities. With an ISIN of US2044098828, the company's shares are accessible to a global investor base, providing an opportunity for international investment in Brazil's energy sector. For more information on CEMIG's activities, mission, and performance, investors and stakeholders can visit the company's official website at https://www.cemig.com.br.