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Companhia Energetica Minas Gerais ADR Repstg One Pref Shs CIG

Alternate Symbol(s):  CIG.C

Utilities Utilities - Diversified
Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and photovoltaic plant. The electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. In addition, the Firm is also engaged in the natural gas distribution throughout the territory of the state of Minas Gerais.


NYSE:CIG - Post by User

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs
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  • jenkinjtX
Post by jenkinjton May 21, 2022 6:43am
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Post# 34700158

Why The Drop ??!!

Why The Drop ??!!Is there something going on here below the surface? Most power comes from hydro. Is the price of fossil fuels affecting the bottom line? Customers going bankrupt? Brazil more unstable?... seems like a reasonably well run company. Please pass on info if anyone aware please... Thanks
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