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Energy Co Of Minas Gerais  (CIG)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $2.5600 $-0.10 -3.759%
Day's High: $2.64 Week Perf: -0.39 %
Day's Low: $ 2.56 30 Day Perf: 3.64 %
Volume (M): 1,369 52 Wk High: $ 2.75
Volume (M$): $ 3,505 52 Wk Avg: $2.43
Open: $2.64 52 Wk Low: $2.11



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 7,000
 Revenues (TTM) (Millions $) 6,548
 Net Income (TTM) (Millions $) 778
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 33

Energy Co Of Minas Gerais
Energy Co of Minas Gerais, or CEMIG, is a Brazilian electric utility company based in Belo Horizonte, Minas Gerais. It is a subsidiary of the state-owned energy company, Companhia Energ'tica de Minas Gerais S.A. (CEMIG), which was founded in 1952.

CEMIG is primarily engaged in the production and distribution of electricity, as well as energy transmission and commercialization. It operates in 22 Brazilian states, including the most populated ones, such as Sao Paulo and Rio de Janeiro. The company also has international operations in Chile, where it owns and operates two hydroelectric power plants.

In terms of generation, CEMIG has a diversified energy mix, which includes hydroelectric, thermal, wind, and solar power plants. Its hydroelectric plants have a total installed capacity of 4,400 MW, accounting for the majority of the company's energy production. CEMIG also operates several thermal power plants, with a combined installed capacity of 1,600 MW, that use natural gas and other fuels.

Furthermore, CEMIG operates a transmission network that spans over 11,000 km, connecting its power plants to the Brazilian national grid. The company also distributes electricity to over 8 million customers through its distribution network, covering around 80% of the state of Minas Gerais.

Aside from its core business activities, CEMIG is also involved in several community development initiatives, particularly in the areas of education, health, and environmental preservation. The company has received numerous awards and recognitions for its efforts in corporate social responsibility.

In recent years, CEMIG has faced several challenges, particularly related to its financial performance. The company reported a net loss of BRL2 billion in 2019, which was attributed to the impacts of the Covid-19 pandemic, as well as the increasing competition in the Brazilian energy market. However, CEMIG remains a key player in the Brazilian energy sector, and the company is committed to further enhancing its operations and expanding its international presence.


   Company Address: 1200, Avenida Barbacena Belo Horizonte/MG 0
   Company Phone Number: 3506-5024   Stock Exchange / Ticker: NYSE CIG
   


   

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