Company
Companhia Energética de Minas Gerais
Headquarters: Belo Horizonte, MG, Brazil
Founded: 1952
Employees: 5,102
CEO: Mr. Reynaldo Passanezi Filho
Market Cap
$5.76 Billion
USD as of July 1, 2024
Companhia Energética de Minas Gerais Categories
Brazil Utilities Utilities—DiversifiedBrazil Utilities Brazil Utilities—Diversified
Top Competitors by Market Capitalization
Industry: Utilities—Diversified
| Company | Market Cap (USD) |
|---|---|
| Iberdrola, SA | $79.29 B |
| Enel SpA | $73.16 B |
| National Grid plc | $56.16 B |
| EDF | $54.60 B |
| Sempra Energy | $47.57 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| China Yangtze Power Co. Ltd | $98.70 B |
| The Southern Company | $84.98 B |
| Iberdrola, SA | $79.29 B |
| Duke Energy Corporation | $77.61 B |
Detailed Description
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
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Stocks & Indices
Companhia Energética de Minas Gerais has the following listings and related stock indices.
Stock: NYSE: CIG wb_incandescent
Stock: FSX: CIDA wb_incandescent
Stock: FSX: CID wb_incandescent
Product & Services
Electrical powernatural gas, Electricity distributionElectricity transmission telecommunications
Key People
Bernardo Afonso Salomão de Alvarenga, (CEO)
Financials
Revenue: US$ 6.5 billion (2017)
Net income: US$ 302.4 million (2017)