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Companhia Energética de Minas Gerais - CEMIG (CIG-C)

NYSE - Nasdaq Real-time price. Currency in USD
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2.4000+0.1300 (+5.73%)
At close: 09:30AM EDT
2.4300 +0.03 (+1.25%)
Pre-market: 08:43AM EDT

Companhia Energética de Minas Gerais - CEMIG

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
Brazil
51 31 3506 5024
https://www.cemig.com.br

Sector(s)Utilities
IndustryUtilities - Diversified
Full-time employees4,918

Key executives

NameTitlePayExercisedYear born
Mr. Reynaldo Passanezi FilhoCEO, President & Member of Executive BoardN/AN/A1965
Mr. Leonardo George de MagalhãesChief Officer for Finance & Investor Relations and Member of Executive BoardN/AN/AN/A
Mr. Dimas CostaChief Trading Officer & Member of Executive BoardN/AN/A1954
Mr. Marney Tadeu AntunesChief Distribution Officer & Member of Executive BoardN/AN/A1962
Mr. Marco Da Camino Ancona Lopez SoligoExec. Dir-CemigPar and Cemig Generation and Transmission, VP-Equity Holdings & Member of Exec. BoardN/AN/A1968
Ms. Cristiana Maria Fortini Pinto e SilvaVP of Legal Affairs, Regulatory & Legal Director and Member of Management BoardN/AN/AN/A
Leonardo Felipe MesquitaAccounting ManagerN/AN/AN/A
Mr. Paulo Eduardo Pereira GuimarãesHead of Corporate FinanceN/AN/AN/A
Daniel Perrelli LancaDeputy Director of Compliance, Corporate Risks & Internal ControlsN/AN/AN/A
Cristiana Miglio Kumaria PereiraDeputy Director of Corporate Communication & SustainabilityN/AN/AN/A
Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Corporate governance

Companhia Energética de Minas Gerais - CEMIG’s ISS governance QualityScore as of 1 July 2024 is 4. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 9; Compensation: 2.

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 10 indicates higher governance risk.