Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 28, 2015 9:06 AM ET

Electric Utilities

Company Overview of Companhia Energética de Minas Gerais S.A.

Company Overview

Companhia Energética de Minas Gerais S.A. – CEMIG, through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2014, the company generated electricity through 78 hydroelectric plants, 3 thermoelectric plants, and 23 wind farms with a total installed capacity of 7,716 megawatts; owned and operated the generation and transmission network of 1,355 miles of 500 kV lines, 1,228 miles of 345 kV lines, and 478 miles of 230 kV lines in Minas Gerais; and operated 316,500 miles of distribution lines. It also acquires, explores for, transports, distributes, and sells natural gas and it...

Avenida Barbacena, 1200

Belo Horizonte, MG 30190-131

Brazil

Founded in 1952

7,922 Employees

Phone:

55 31 3506 3711

Key Executives for Companhia Energética de Minas Gerais S.A.

Companhia Energética de Minas Gerais S.A. does not have any Key Executives recorded.

Companhia Energética de Minas Gerais S.A. Key Developments

Cemig Reports Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Cemig reported audited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s net revenue was BRL 5,849.279 million against BRL 4,710.009 million a year ago. Income before Financial income and taxes was BRL 2,331.772 million against BRL 1,926.496 million a year ago. Pretax income was BRL 2,058.322 million against BRL 1,828.957 million a year ago. Net income for the period was BRL 1,484.627 million against BRL 1,250.089 million a year ago. Adjusted net income for the period was BRL 911.445 million against BRL 1,338.265 million a year ago. EBITDA was BRL 2,578.893 million against BRL 2,108.529 million a year ago. The company’s consolidated total debt at March 31, 2015 was BRL 13.056 billion, 3.35% lower than at December 31, 2014. Net cash generated by operating activities was BRL 0.332 million against BRL 0.618 million a year ago. Investments in Fixed and intangible assets were BRL 0.242 million against BRL 0.167 million a year ago.

Companhia Energética de Minas Gerais S.A., Q1 2015 Earnings Call, May 19, 2015

Companhia Energética de Minas Gerais S.A., Q1 2015 Earnings Call, May 19, 2015

Companhia Energética de Minas Gerais S.A. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Companhia Energética de Minas Gerais S.A. reported audited consolidated earnings results for the year ended December 31, 2014. For the period, the company’s net revenue was BRL 19,540 million against BRL 14,627 million a year ago. Income before Financial income and taxes was BRL 5,580 million against BRL 4,363 million a year ago. Income before income tax and social contribution tax was BRL 4,479 million against BRL 4,054 million a year ago. Net income for the year was BRL 3,137 million against BRL 3,104 million a year ago. Total of net income for the year attributed to controlling shareholders was BRL 3,137 million or BRL 2.49 basic and diluted per common share against BRL 3,104 million or BRL 2.47 basic and diluted per common share a year ago. Basic and diluted income per preferred share was BRL 2.49 against BRL 2.47 a year ago. Net cash generated by operating activities was BRL 3,734 million against BRL 3,515 million a year ago. Investments in PP&E were BRL 122 million against BRL 69 million a year ago. Investments in intangible assets were BRL 798 million against BRL 908 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 18, 2014
Companhia de Gás de Minas Gerais - Gasmig
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Companhia Energética de Minas Gerais S.A., please visit www.cemig.com.br. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.