Companhia Energética de Minas Gerais logo CIG - Companhia Energética de Minas Gerais

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| PRICE TARGET: $2.10 DETAILS
HIGH: $2.10
LOW: $2.10
MEDIAN: $2.10
CONSENSUS: $2.10
DOWNSIDE: 2.78%

About Companhia Energética de Minas Gerais (https://www.cemig.com.br)

Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts. Its extensive network also featured 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity business, the company is active in the gas sector, handling the acquisition, transportation, and distribution of natural gas and its derivatives. Furthermore, CIG offers a diverse range of technology services, including cloud solutions, IT infrastructure and management, cybersecurity, and specialized systems for the operational oversight of public service concessions. Its portfolio extends to energy trading, telecommunications services, distributed generation initiatives, client account services, cogeneration projects, energy efficiency programs, and comprehensive supply and storage management. Established in 1952, Companhia Energética de Minas Gerais maintains its corporate headquarters in Belo Horizonte, Brazil.

Key Executives

NAME TITLE DOB SALARY
Alexandre Ramos Peixoto CEO & Member of Executive Board
Andrea Marques de Almeida Vice President of Finance & Investor Relations and Member of Executive Board 1971
Hudson Felix Almeida Director of Compliance & People Management
Luis Cláudio Correa Villani Vice President of Information Technology & Member of Executive Board
Marco da Camino Ancona Lopez Soligo VP of Generation, Transmission & Broadcast and Member of Executive Board 1968
Marcos Montes Cordeiro VP of Institutional Relations & Member of Executive Board
Marney Tadeu Antunes Chief Distribution Officer & Member of Executive Board 1962
Paulo Eduardo Pereira Guimarães Head of Corporate Finance
Sergio Lopes Cabral Vice President of Trading & Member of Executive Board 1965
Sérgio Pessoa de Paula Castro VP of Legal Affairs & Member of Executive Board

Company Peers

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