Energy of Minas Gerais Co

F:CIDA

Business Description

Sector

Utilities

Industry

Utilities

Headquarters

Brazil BR

Employees

5 320

IPO date

Jun 30, 1971

Energy of Minas Gerais, better known as Cemig, is a Brazilian electric utility based in the state of Minas Gerais. It generates electricity, moves it through transmission lines, and delivers it to homes, businesses, and factories through its distribution network. It also sells power into Brazil’s wholesale electricity market and, through related businesses, handles some energy and gas activities tied to its core utility role.

Cemig makes money mainly by charging customers for electricity delivery and by selling the electricity it produces or buys in the market. Some of its revenue comes from regulated tariffs set by the government for its distribution and transmission businesses, while other revenue comes from contracts and market sales of power. That mix gives it both a utility-style cash flow base and exposure to electricity prices and regulation.

What makes Cemig easy to understand is that it sits in the middle of the power system in one of Brazil’s biggest states. It is not a consumer brand; it is the company that keeps the grid working, connects customers to electricity, and supplies energy to the market. Its business depends on infrastructure, regulation, and long-lived assets rather than on selling a product that changes quickly.