Company

Companhia Energética de Minas Gerais

Headquarters: Belo Horizonte, MG, Brazil

Founded: 1952

Employees: 5,102

CEO: Mr. Reynaldo Passanezi Filho

NYSE: CIG -1.59%

Market Cap

$5.70 Billion

USD as of Jan. 1, 2024

Market Cap History

Companhia Energética de Minas Gerais market capitalization over time

Evolution of Companhia Energética de Minas Gerais market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Companhia Energética de Minas Gerais

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)

Details

Headquarters:

Avenida Barbacena, 1200

Belo Horizonte, MG 30190-131

Brazil

Phone: 55 31 3506 5024

Fax: 55 31 3506 5026