Companhia Energética de Minas Gerais (CIG) NYSE

Currency In USD

AD

Companhia Energética de Minas Gerais

Address

Avenida Barbacena, 1200

Belo Horizonte, MG 30190-131

Brazil

Phone

55 31 3506 5024

Sector

Utilities

Industry

Regulated Electric

Employees

5320

First IPO Date

November 18, 1996

Key Executives

NameTitlePayYear Born
Alexandre Ramos PeixotoCEO & Member of Executive Board0N/A
Hudson Felix AlmeidaDirector of Compliance & People Management0N/A
Luis Cláudio Correa VillaniVice President of Information Technology & Member of Executive Board0N/A
Marco da Camino Ancona Lopez SoligoVP of Generation, Transmission & Broadcast and Member of Executive Board01968
Marney Tadeu AntunesChief Distribution Officer & Member of Executive Board01962
Paulo Eduardo Pereira GuimarãesHead of Corporate Finance0N/A
Sergio Lopes CabralVice President of Trading & Member of Executive Board01965
Sérgio Pessoa de Paula CastroVP of Legal Affairs & Member of Executive Board0N/A
Marcos Montes CordeiroVP of Institutional Relations & Member of Executive Board0N/A
Andrea Marques de AlmeidaVice President of Finance & Investor Relations and Member of Executive Board01971
AD

Description

Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts. Its extensive network also featured 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity business, the company is active in the gas sector, handling the acquisition, transportation, and distribution of natural gas and its derivatives. Furthermore, CIG offers a diverse range of technology services, including cloud solutions, IT infrastructure and management, cybersecurity, and specialized systems for the operational oversight of public service concessions. Its portfolio extends to energy trading, telecommunications services, distributed generation initiatives, client account services, cogeneration projects, energy efficiency programs, and comprehensive supply and storage management. Established in 1952, Companhia Energética de Minas Gerais maintains its corporate headquarters in Belo Horizonte, Brazil.

AD