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Companhia Energética de Minas Gerais (CIG)

NYSE - Nasdaq Real Time Price. Currency in USD
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1.9350+0.0150 (+0.78%)
As of 10:14AM EDT. Market open.

Companhia Energética de Minas Gerais

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

Sector(s)Utilities
IndustryUtilities—Diversified
Full-time employees5,467

Key executives

NameTitlePayExercisedYear born
Mr. Reynaldo Passanezi FilhoCEO, Pres & Member of Exec. BoardN/AN/A1965
Mr. Leonardo George De MagalhaesChief Officer for Fin. & Investor Relations and Member of Exec. BoardN/AN/AN/A
Mr. Dimas CostaChief Commercial Officer & Member of Exec. BoardN/AN/A1954
Mr. Ronaldo Gomes de AbreuChief Distribution & Commercialization Officer and Member of Exec. BoardN/AN/A1965
Mr. Paulo Mota HenriquesChief Generation & Transmission Officer and Member of Exec. BoardN/AN/A1962
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, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km of transmission lines; and 335,421 km of distribution lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; 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 founded in 1952 and is headquartered in Belo Horizonte, Brazil.

Corporate governance

Companhia Energética de Minas Gerais’s ISS governance QualityScore as of 9 December 2019 is 2. The pillar scores are Audit: 8; Board: 4; Shareholder rights: 6; 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.