Companhia Energetica de Minas Gerais CEMIG Pref ADR
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Ticker Information for Companhia Energetica de Minas Gerais CEMIG Pref ADR
Industry Information for Companhia Energetica de Minas Gerais CEMIG Pref ADR
Company Description for Companhia Energetica de Minas Gerais CEMIG Pref ADR
Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; 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.