CEMIG is a Brazilian power company headquartered in

Belo Horizonte Belo Horizonte (, ; ) is the sixth-largest city in Brazil, with a population around 2.7 million and with a metropolitan area of 6 million people. It is the 13th-largest city in South America and the 18th-largest in the Americas. The metropol ...

capital of the state of

Minas Gerais Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally ...

. The company is one of main electricity concessionaires in Brazil, headquartered in the city of Belo Horizonte, capital of the state of Minas Gerais. It operates in the areas of generation, transmission, distribution and commercialization of electric energy and also in the distribution of natural gas. The company is responsible for 12% of the national distribution. The company is the fourth largest electricity company in Brazil by revenue after

Eletrobras Eletrobras (, full name: Centrais Elétricas Brasileiras S.A.) is a major Brazilian electric utilities company. The company's headquarters are located in Rio de Janeiro. It is Latin America's biggest power utility company, tenth largest in the wo ...

, Energisa and

CPFL Energia CPFL Energia (former name: Companhia Paulista de Força e Luz) is the second largest non state-owned group of electric energy generation and distribution in Brazil and the third biggest Brazilian electric utility company, after Eletrobras and Ener ...

. CEMIG is present in 22 Brazilian States and in Chile. With around 50 power plants in operation, most of them

hydroelectric Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined and ...

, the company owns around 6,000 MW of generation capacity. 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 for the management of the largest network of electricity distribution in South America, with more than 400 thousand km of lines. The stock is traded on B3 where it is part of the Ibovespa index. It is also traded on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

. It's also part of

The Global Dow The Global Dow (GDOW) is a 150-stock index of corporations from around the world, created by Dow Jones & Company. Only blue-chip stocks are included in the index. Like its progenitor, the Dow Jones Industrial Average (INDU), stocks in The Global ...

and of the Latibex, an index for Latin companies in

Madrid Stock Exchange Bolsa de Madrid (; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securiti ...

. The company owns 43% of Taesa, a Brazilian Electric Company.

History

Cemig was founded in

1952 Events January–February * January 26 – Black Saturday in Egypt: Rioters burn Cairo's central business district, targeting British and upper-class Egyptian businesses. * February 6 ** Princess Elizabeth, Duchess of Edinburgh, becomes m ...

by the governor of Minas Gerais,

Juscelino Kubitschek de Oliveira Juscelino Kubitschek de Oliveira (; 12 September 1902 – 22 August 1976), also known by his initials JK, was a prominent Brazilian politician who served as the 21st president of Brazil from 1956 to 1961. His term was marked by economic prosp ...

. It is one of the largest integrated companies in the electricity sector in South America, in number of customers, and one of the largest in Latin America, in kilometers of network and equipment and installations. The group comprises more than 103 companies, 09 consortiums and 02 Equity Investment Funds. It is a publicly traded company controlled by the

Government of the State of Minas Gerais A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

and has 200,000 shareholders in 39 countries. Its shares are traded on the Brasil, Bolsa, Balcão, the

and the Madrid Stock Exchange.

Sustainability

It is the only company in the electricity sector in Latin America to be part of the Dow Jones Sustainability World Index (DJSI World), created by the Dow Jones in 1999. The index recognizes the capacity of companies in corporate sustainability and creation of value for shareholders in long term, by being able to seize the opportunities and manage the risks associated with economic, environmental and social factors. Cemig is also the only concessionaire in the electricity sector in Latin America to be part of The Global Dow Index. The index was created in 2008, and includes 150 world-leading companies from 25 countries.

References

External links

The company's home page in Portuguese

The company's investor relations page in English
{{DEFAULTSORT:Cemig Companies listed on the New York Stock Exchange Electric power companies of Brazil Companies listed on B3 (stock exchange) Companies based in Minas Gerais Companies listed on the Madrid Stock Exchange Government-owned companies of Brazil Brazilian companies established in 1952 Energy companies established in 1952