Companhia Energética de Minas Gerais (CIG) is a publicly traded company in the Utilities sector, operating within the Diversified Utilities industry. The company is headquartered in Belo Horizonte, MG, Brazil. The current CEO is Reynaldo Passanezi Filho.
CIG has IPO date of 1996-11-18, 5,028 full-time employees, listed on the NYSE, a market capitalization of $7.7B.
Companhia Energética de Minas Gerais (CEMIG) is a major Brazilian energy company that generates, transmits, distributes, and sells electricity through an extensive network of hydroelectric, wind, and solar facilities. As of December 31, 2021, the company operated 70 power plants with a combined installed capacity of 5,700 MW, supported by 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond power generation and distribution, CEMIG provides diversified services including gas acquisition and distribution, cloud computing and IT infrastructure, telecommunications, and energy efficiency solutions. Founded in 1952 and headquartered in Belo Horizonte, the company is a diversified utility serving Brazil's energy and telecommunications markets.
