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Energy Company of Minas Gerais ADR CIG

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Morningstar’s Analysis

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5-Star Price

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Economic Moat

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Company Profile

Business Description

Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.

Contact
Avenida Barbacena, 1200
Belo Horizonte, MG, 30190-131, Brazil
T +55 3135065024
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 5,467