Companhia Energética de Minas Gerais - CEMIG (CIDA.F)

1.7300 0.0000 (0.00%) As of 08:11AM CEST. Market open.

Companhia Energética de Minas Gerais - CEMIG

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
Brazil
55 31 3506 5024
https://www.cemig.com.br

Sector(s): Utilities
Industry: Utilities - Diversified
Full Time Employees: 4,918

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, 2022, the company operated 69 hydroelectric, wind, and solar plants with an installed capacity of 5,519 MW; 351,163 miles of distribution lines; and 4,580 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; 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 June 1, 2024 is 4. The pillar scores are Audit: 1; Board: 5; 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 a 10 indicates higher governance risk.