Edgar Filing: ENERGY CO OF MINAS GERAIS

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FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2009

Commission File Number 1-15224

Energy Company of Minas Gerais

(Translation of Registrant’s Name Into English)

Avenida Barbacena, 1200

30190-131 Belo Horizonte, Minas Gerais, Brazil

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

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Index

Item		Description of Item

1.		Quarterly Financial Information for the quarter ended September 30, 2009, Companhia Energética de Minas Gerais — CEMIG

2.		Third Quarter 2009 Earnings Release, Companhia Energética de Minas Gerais — CEMIG

3.		Quarterly Financial Information for the quarter ended September 30, 2009, Cemig Distribuição S.A.

4.		Quarterly Financial Information for the quarter ended September 30, 2009, Cemig Geração e Transmissão S.A.

5.		Analysis of Third Quarter Results, Companhia Energética de Minas Gerais — CEMIG

6.		Summary of Principal Decisions of the 99th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., October 23, 2009

7.		Summary of Principal Decisions of the 100th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., November 13, 2009

8.		Summary of Minutes of the 92nd Meeting of the Board of Directors, Cemig Distribuição S.A., August 24, 2009

9.		Summary of Principal Decisions of the 93rd Meeting of the Board of Directors, Cemig Distribuição S.A., October 23, 2009

10.		Summary of Minutes of the 466th Meeting of the Board of Directors, Companhia Energética de Minas Gerais — CEMIG, June 24, 2009

11.		Summary of Principal Decisions of the 467th Meeting of the Board of Directors, Companhia Energética de Minas Gerais — CEMIG, October 23–28, 2009

12.		Material Announcement, CEMIG’s Board of Directors approves a share purchase agreement for acquisition of shares of ENTE, ERTE and ECTE, Companhia Energética de Minas Gerais — CEMIG, October 28, 2009

13.		Market Announcement, Commencement of Public Distribution of Commercial Promissory Notes, Cemig Geração e Transmissão S.A., October 30, 2009

14.		Announcement of Completion of Public Distribution of Commercial Promissory Notes, Cemig Geração e Transmissão S.A.

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15.		Market Announcement, Commencement of Public Distribution of Commercial Promissory Notes, Companhia Energética de Minas Gerais — CEMIG, October 30, 2009

16.		Material Announcement, Payment for and Transfer of TERNA Shares, Companhia Energética de Minas Gerais — CEMIG, November 3, 2009

17.		Market Announcement, Projected Payment Amount for Shares of ENTE, ERTE and ECTE, Companhia Energética de Minas Gerais — CEMIG, November 4, 2009

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COMPANHIA ENERGETICA DE MINAS GERAIS – CEMIG


By:	/s/ Luiz Fernando Rolla
	Name:	Luiz Fernando Rolla
	Title:	Chief Financial Officer, Investor Relations Officer and Control of Holdings Officer

Date: November 18, 2009

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1. Quarterly Financial Information for the quarter ended September 30, 2009, Companhia Energética de Minas Gerais – CEMIG

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CONTENTS

BALANCE SHEETS	7
INCOME STATEMENTS	9
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY	10
STATEMENTS OF CASH FLOWS	11

EXPLANATORY NOTES TO THE QUARTERLY INFORMATION (ITR)	12
1) — OPERATIONAL CONTEXT	12
2) — PRESENTATION OF THE QUARTERLY INFORMATION	15
3) — CASH AND CASH EQUIVALENTS	16
4) — CONSUMERS AND TRADERS	17
5) — REGULATORY ASSETS AND LIABILITIES	17
6) — THE EXTRAORDINARY TARIFF RECOMPOSITION, AND “PORTION A”	18
7) — THE REVIEW OF THE TRANSMISSION TARIFF	19
8) — TRADERS — TRANSACTIONS IN “FREE ENERGY”	20
9) — ANTICIPATED EXPENSES AND REGULATORY LIABILITIES — CVA	20
10) — TAXES SUBJECT TO OFFSETTING	21
11) — TAX CREDITS	21
12) — ACCOUNTS RECEIVABLE FROM THE GOVERNMENT OF THE STATE OF MINAS GERAIS IN THE FORM OF RIGHTS TO RECEIVABLES	23
13) — REGULATORY ASSET — PIS, PASEP AND COFINS TAXES	25
14) — INVESTMENTS	26
15) — FIXED ASSETS	32
16) — INTANGIBLE	33
17) SUPPLIERS	33
18) — TAXES, CHARGES AND CONTRIBUTIONS	34
19) — LOANS, FINANCINGS AND DEBENTURES	35
20) — REGULATORY CHARGES	37
21) — POST-EMPLOYMENT OBLIGATIONS	37
22) — CONTINGENCIES FOR LEGAL PROCEEDINGS	40
23) — STOCKHOLDER’S EQUITY AND REMUNERATION TO STOCKHOLDERS	46
24) — REVENUE FROM SUPPLY OF ELECTRICITY	47
25) — REVENUE FOR USE OF THE NETWORK — FREE CONSUMERS	47
26) — OTHER OPERATIONAL REVENUES	47
27) — DEDUCTIONS FROM OPERATIONAL REVENUE	48
28) — OPERATIONAL COSTS AND EXPENSES	48
29) — NET FINANCIAL REVENUE (EXPENSES)	50
30) — RELATED PARTY TRANSACTIONS	51
31) — FINANCIAL INSTRUMENTS	52
32) FINAL RESULT OF THE SECOND TARIFF REVIEW OF CEMIG D AND LIGHT SESA	56
33) — TARIFF ADJUSTMENT OF CEMIG D	57
34) — SUBSEQUENT EVENT	57
35) — SUMMARY FINANCIAL STATEMENTS BY COMPANY	59
CONSOLIDATED ECONOMIC AND FINANCIAL PERFORMANCE	60
OTHER INFORMATION THAT THE COMPANY BELIEVES TO BE MATERIAL	72
INDEPENDENT AUDITORS’ REVIEW REPORT	81

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BALANCE SHEETS

AT SEPTEMBER 30 AND JUNE 30, 2009

ASSETS

R$ ’000

	Consolidated		Holding company
	09/30/2009	06/30/2009	09/30/2009	06/30/2009
CURRENT
Cash and cash equivalents (Note 3)	2,769,169	2,250,277	117,945	121,322
Consumers and traders (Note 4)	2,210,256	2,233,496	—	—
Extraordinary Tariff Recomposition, and “Portion A” (Note 6)	307,991	317,042	—	—
Concession holders — transport of energy	388,542	405,067	—	—
Taxes subject to offsetting (Note 10)	1,350,494	1,235,175	5,191	5,192
Anticipated expenses — CVA (Note 9)	629,237	632,644	—	—
Traders — Transactions in “Free Energy” (Note 8)	10,120	17,573	—	—
Tax credits (Note 11)	361,338	327,355	38,299	40,896
Dividends receivable	—	—	956,239	847,242
Transmission Tariff Review (Note 7)	82,321	85,732	—	—
Inventories	35,407	36,452	17	17
Other credits	435,787	345,439	8,810	7,840
TOTAL, CURRENT	8,580,662	7,886,252	1,126,501	1,022,509

NON-CURRENT
Long term assets
Accounts receivable from Minas Gerais State Gvt. (Note 12)	1,781,117	1,813,461	—	—
Credit Receivables Investment Fund (Note 12)	—	—	853,486	835,932
Regulatory asset — PIS, Pasep and Cofins taxes (Note 13)	46,240	46,240	—	—
Extraordinary Tariff Recomposition, and “Portion A” (Note 6)	—	66,444	—	—
Anticipated expenses — CVA (Note 9)	410,288	545,039	—	—
Tax credits (Note 11)	604,776	655,163	89,479	99,512
Traders — Transactions in “Free Energy” (Note 8)	10,857	4,746	—	—
Taxes subject to offsetting (Note 10)	268,594	289,130	194,860	196,103
Deposits linked to legal actions	557,825	508,732	95,462	95,461
Consumers and traders (Note 4)	112,763	85,726	—	—
Transmission Tariff Review (Note 7)	54,067	72,358	—	—
Other credits	110,593	123,672	77,753	72,733
	3,957,120	4,210,711	1,311,040	1,299,741

Investments (Note 14)	1,155,346	1,147,309	9,407,655	8,968,923
Fixed assets (Note 15)	12,167,849	11,557,749	1,945	1,977
Intangible (Note 16)	1,058,500	945,557	1,747	1,951
TOTAL, NON-CURRENT	18,338, 815	17,861,326	10,722,387	10,272,592
TOTAL ASSETS	26,919,477	25,747,578	11,848,888	11,295,101

The Explanatory Notes are an integral part of the Quarterly Information.

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BALANCE SHEETS

AT SEPTEMBER 30 AND JUNE 30, 2009

LIABILITIES

R$ ’000

	Consolidated				Holding company
	09/30/2009		06/30/2009		09/30/2009		06/30/2009

CURRENT
Suppliers (Note 17)	748,207		766,850		5,687		5,762
Regulatory charges (Note 20)	480,991		459,348		—		—
Profit shares	76,733		51,408		2,876		1,974
Taxes, charges and contributions (Note 18)	1,276,448		998,950		86,176		76,517
Interest on Equity and dividends payable	489,397		490,820		489,397		490,820
Loans and financings (Note 19)	1,235,605		1,139,800		21,420		19,461
Debentures (Note 19)	473,327		437,676		—		—
Salaries and mandatory charges on payroll	372,196		401,686		16,573		18,016
Regulatory liabilities — CVA (Note 9)	361,392		224,826		—		—
Regulatory liabilities — Tariff Review	137,458		203,615		—		—
Post-employment obligations (Note 21)	103,726		102,094		4,078		4,055
Provision for losses on financial instruments (Note 31)	162,399		163,306		—		—
Debt to related parties (Note 30)	—		—		8,554		10,434
Other obligations	358,012		354,546		19,693		19,264
TOTAL, CURRENT	6,275,891		5,794,925		654,454		646,303

NON-CURRENT
Regulatory liabilities — CVA (Note 9)	318,021		410,953		—		—
Loans and financings (Note 19)	4,891,196		4,817,167		55,190		55,190
Debentures (Note 19)	1,468,572		1,393,370		—		—
Taxes, charges and contributions (Note 18)	609,173		538,945		—		—
Contingency provisions (Note 22)	634,642		647,945		320,630		331,561
Post-employment obligations (Note 21)	1,334,223		1,348,690		50,302		51,178
Other obligations	217,541		192,596		32		31
TOTAL, NON-CURRENT	9,473,368		9,349,666		426,154		437,960

MINORITY INTERESTS	401,938		392,149		—		—

STOCKHOLDERS’ EQUITY (Note 23)
Registered capital	3,101,884		3,101,884		3,101,884		3,101,884
Capital reserves	3,969,099		3,969,099		3,969,099		3,969,099
Profit reserves	2,253,466		2,253,466		2,253,466		2,253,466
Accumulated Conversion Adjustment	(3,448	)	(771	)	(3,448	)	(771	)
Retained earnings	1,420,155		860,036		1,420,155		860,036
Funds allocated to increase of capital	27,124		27,124		27,124		27,124
TOTAL STOCKHOLDERS’ EQUITY	10,768,280		10,210,838		10,768,280		10,210,838
TOTAL LIABILITIES	26,919,477		25,747,578		11,848,888		11,295,101

The Explanatory Notes are an integral part of the Quarterly Information.

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INCOME STATEMENTS

FOR THE NINE-MONTH PERIODS ENDING SEPTEMBER 30, 2009 AND 2008

(R$ ’000, expect net profit per thousand shares)

	Consolidated				Holding company
	09/30/2009		09/30/2008		09/30/2009		09/30/2008
OPERATIONAL REVENUE
Revenue from supply of electricity (Note 24)	10,525,222		10,316,243				—
Revenue for use of the network — Free Consumers (Note 25)	1,600,922		1,557,916				—
Other operational revenues (Note 26)	438,720		493,407		267		392
	12,564,864		12,367,566		267		392
Deductions from operational revenue (Note 27)	(4,230,362	)	(4,232,129	)	(2	)	—
NET OPERATIONAL REVENUE	8,334,502		8,135,437		265		392

OPERATIONAL COSTS
COST OF ELECTRICITY AND GAS (Note 28)
Electricity bought for resale	(2,529,469	)	(2,177,689	)	—		—
Charges for the use of the basic transmission grid	(612,627	)	(530,621	)	—		—
Gas purchased for resale	(128,610	)	(167,841	)	—		—
	(3,270,706	)	(2,876,151	)	—		—
COST OF OPERATION (Note 28)
Personnel and managers	(690,293	)	(717,134	)	—		—
Private Pension Plan entity	(70,487	)	(153,454	)	—		—
Materials	(76,816	)	(69,591	)	—		—
Raw materials and inputs for generation	(4,070	)	(65,185	)	—		—
Outsourced services	(447,979	)	(392,033	)	—		—
Depreciation and amortization	(501,699	)	(531,712	)	—		—
Operational provisions	(39,814	)	(15,779	)	—		—
Royalties for use of water resources	(109,336	)	(98,542	)	—		—
Other	(103,478	)	(117,338	)	—		—
	(2,043,972	)	(2,160,768	)	—		—

TOTAL COST	(5,314,678	)	(5,036,919	)	—		—

GROSS PROFIT	3,019,824		3,098,518		265		392

OPERATIONAL EXPENSE (Note 28)
Selling expenses	(119,741	)	(133,078	)	—		—
General and administrative expenses	(479,353	)	(304,761	)	(10,963	)	(80,145	)
Other operational expenses	(49,521	)	(51,743	)	(15,986	)	(6,674	)
	(648,615	)	(489,582	)	(26,949	)	(86,819	)

Operational profit before Equity gains (losses) and Financial revenues (expenses)	2,371,209		2,608,936		(26,684	)	(86,427	)
Equity gain (loss) from subsidiaries			—		1,543,364		1,752,183
Net financial revenue (expenses) (Note 29)	(81,308	)	36,148		9,817		69,118

Profit before taxes and profit shares	2,289,901		2,645,084		1,526,497		1,734,874

Income tax and Social Contribution tax (Note 11)	(759,874	)	(923,325	)	(83,599	)	(97,399	)
Deferred income tax and Social Contribution tax (Note 11)	39,217		70,296		(13,118	)	6,228
Employees’ and managers’ profit shares	(99,163	)	(65,683	)	(2,706	)	(2,314	)
Minority interests	(43,007	)	(84,983	)	—		—
NET PROFIT FOR THE PERIOD	1,427,074		1,641,389		1,427,074		1,641,389
NET PROFIT PER SHARE — R$					2.30033		3.30866

The Explanatory Notes are an integral part of the Quarterly Information.

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STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THIRD QUARTER AND THE NINE-MONTH PERIOD ENDING SEPTEMBER 30, 2009 (“9M09”)

R$ ’000

	Registered capital	Capital reserves		Profit reserves		Retained earnings		Conversion adjustment reserve		Funds allocated for capital increase	Total

BALANCES AT DECEMBER 31, 2008	2,481,508	3,983,021		2,859,920		—		61		27,124	9,351,634

Profit for the period ended September 30, 2009	—	—		—		1,427,074		—		—	1,427,074
Increase in registered capital	620,376	(13,922	)	(606,454	)	—		—		—	—
Prior-year adjustment in a subsidiary	—	—		—		(6,919	)	—		—	(6,919	)
Accumulated Conversion Adjustment	—	—		—		—		(3,509	)	—	(3,509	)

BALANCES ON SEPTEMBER 30, 2009	3,101,884	3,969,099		2,253,466		1,420,155		(3,448	)	27,124	10,768,280

	Registered capital	Profit reserves		Profit reserves		Retained earnings		Conversion adjustment reserve		Funds allocated for capital increase	Total

BALANCES ON JUNE 30, 2009	3,101,884	3,969,099		2,253,466		860,036		(771	)	27,124	10,210,838

Net profit in the quarter	—	—		—		567,038		—		—	567,038
Prior-year adjustment in a subsidiary	—	—		—		(6,919	)	—		—	(6,919	)
Accumulated Conversion Adjustment	—	—		—		—		(2,677	)	—	(2,677	)

BALANCES ON SEPTEMBER 30, 2009	3,101,884	3,969,099		2,253,466		1,420,155		(3,448	)	27,124	10,768,280

The Explanatory Notes are an integral part of the Quarterly Information.

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STATEMENTS OF CASH FLOWS

FOR THE NINE-MONTH PERIODS ENDING SEPTEMBER 30, 2009 AND 2008

R$ ’000

	Consolidated				Holding company
	09/30/2009		09/30/2008		09/30/2009		09/30/2008
FROM OPERATIONS
Net profit for the period	1,427,074		1,641,389		1,427,074		1,641,389
Expenses (Revenues) not affecting Cash and cash equivalents
Depreciation and amortization	517,204		542,234		140		175
Net write-offs of fixed assets	16,938		18,355		—		9
Amortization of the goodwill in acquisitions	16,352		—		16,352		—
Equity gain (loss) from subsidiaries	—		—		(1,543,364	)	(1,752,183	)
Interest and monetary variations — Non-current	(43,755	)	(6,290	)	(35,966	)	(84,235	)
Regulatory asset — Review of Transmission Revenue	(136,657	)	—		—		—
Deferred federal taxes	(39,217	)	(70,296	)	13,118		(6,228	)
Provisions for operational losses	88,765		90,557		(30,557	)	87,977
Provision for losses on financial instruments	80,136		19,681		—		—
Provisions for losses in recovery of Extraordinary Tariff Recomposition amounts	(7,915	)	24,173		—		4,357
Post-employment obligations	105,760		187,157		4,252		8,388
Minority interests	43,007		84,983		—		—
Others	7,616		(37,275	)	—		—
	2,075,308		2,494,668		(148,951	)	(100,351	)
(Increase) reduction of assets
Consumers and traders	(298,788	)	(14,143	)	—		—
Extraordinary Tariff Recomposition	240,047		274,911		—		—
Amortization of accounts receivable from the Minas Gerais State Government	143,647		128,756		—		—
Traders — transactions on CCEE	3,317		11,878		—		—
Deferred tax credits	9,909		361,770		23,462		97,905
Taxes offsetable	(503,031	)	(670,059	)	(14,370	)	5,600
Transport of electricity	74,623		9,594		—
Deferred Tariff Adjustment	133,423		284,896		—		—
Anticipated expenses — CVA	35,782		(157,729	)	—		—
Other assets	173,430		(64,036	)	(7,041	)	(18,279	)
Payments into Court	(175,649	)	(34,060	)	(7,631	)	5,052
Dividends received from subsidiaries	—		—		820,171		563,667
	(163,290	)	131,778		814,591		653,945
Increase (reduction) of liabilities
Suppliers	(159,782	)	(197,673	)	(1,447	)	(3,896	)
Taxes and Social Contribution tax	892,623		404,188		54,186		(21,386	)
Salaries and mandatory charges on payroll	83,305		(8,484	)	457		2,502
Regulatory charges	11,142		61,919		—		—
Loans and financings	64,805		186,940		(3,716	)	(1,908	)
Post-employment obligations	(147,612	)	(155,637	)	(6,714	)	(6,843	)
Anticipated expenses — CVA	34,245		(88,715	)	—		—
Losses on financial instruments	(16,365	)	(21,189	)	—		—
Others	(3,314	)	(104,835	)	(7,972	)	(87,257	)
	759,047		76,514		34,794		(118,788	)

CASH GENERATED BY OPERATIONS	2,671,065		2,702,960		700,434		434,806

FINANCING ACTIVITIES
Financings obtained	592,380		237,218		—		—
Receipt of units in the FIDC	—		—		—		899
Capital reduction	—		—		185,000		—
Payments of loans and financings	(214,211	)	(700,605	)	—		—
Interest on Equity, and dividends	(481,160	)	(432,593	)	(481,159	)	(432,593	)
	(102,991	)	(895,980	)	(296,159	)	(431,694	)
TOTAL INFLOW OF FUNDS	2,568,074		1,806,980		404,275		3,112

CAPITAL EXPENDITURE
In investments	(216,492	)	(63,227	)	(543,981	)	53,762
Intangible	(339,468	)	—		796		—
In fixed assets	(1,526,882	)	(797,966	)	(51	)	(205	)
	(2,082,842	)	(861,193	)	(543,236	)	53,557

NET CHANGE IN CASH POSITION	485,232		945,787		(138,961	)	56,669

STATEMENT OF CHANGES IN CASH POSITION
Beginning of period	2,283,937		2,066,219		256,906		21,953
End of period	2,769,169		3,012,006		117,945		78,622
	485,232		945,787		(138,961	)	56,669

The Explanatory Notes are an integral part of the Quarterly Information.

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EXPLANATORY NOTES TO THE QUARTERLY INFORMATION (ITR)

FOR SEPTEMBER 30, 2009

(R$ ’000, except where otherwise stated)

1) — OPERATIONAL CONTEXT

Companhia Energética de Minas Gerais (“Cemig” or “the Company”), a listed corporation registered in the Brazilian Registry of Corporate Taxpayers (CNPJ) under number 17.155.730/0001-64, operates exclusively as a holding company, with stockholdings in companies controlled individually or jointly, the principal objectives of which are the construction and operation of systems for generation, transformation, transmission, distribution and sale of electricity, and also activities in the various fields of energy, for the purpose of commercial operation.

On September 30, 2009 Cemig had stockholdings in the following companies in operation (the information on markets served, and installed capacity, has not been reviewed by our external auditors):

· Cemig Geração e Transmissão S.A. (“Cemig GT”) (subsidiary, 100.00% stake) — registered with the CVM (Brazilian Securities Commission): Generation and transmission of electricity, through 46 power plants, 43 being hydroelectric, one a wind power plant and two thermal plants; and transmission lines, most of which are part of the Brazilian national generation and transmission grid system. Cemig GT has stockholdings in the following subsidiaries:

· Hidrelétrica Cachoeirão S.A. (jointly controlled — stake 49.00%): Production and sale of electricity as an independent power producer, through the Cachoeirão hydroelectric power plant located at Pocrane, in the State of Minas Gerais, with installed capacity of 27MW (not reviewed by external auditors). The plant began operating in 2009.

· Central Eólica Praias de Parajuru S.A. (jointly controlled — stake 49.00%): Production and sale of electricity at the Parajuru Wind Farm in the municipality of Beberibe in the state of Ceará, Northern Brazil, with installed capacity of 28.8MW. The plant began operating in August 2009.

· Baguari Energia S.A. (jointly controlled, 69.39% stake): Construction, operation, maintenance and commercial operation of the Baguari Hydroelectric Plant, through its participation in the UHE Baguari Consortium (Baguari Energia 49.00%, Neoenergia 51.00%), with installed capacity of 140MW (information not reviewed by external auditors), on the Doce River in Governador Valadares, Minas Gerais State. The plant’s first unit began operating in September 2009. The second unit is planned to start operating in December 2009 (2nd unit), and February 2010 (3rd unit).

Subsidiaries of Cemig GT at pre-operational stage:

· Guanhães Energia S.A. (jointly controlled, 49.00% stake): Production and sale of electricity through building and commercial operation of the following Small Hydro Plants in Minas Gerais state: Dores de Guanhães, Senhora do Porto and Jacaré, in the municipality of Dores de Guanhães; and Fortuna II, in the municipality of Virginópolis. The plants are at construction phase, with operational startup scheduled for 2009, and will have totaled installed capacity of 44MW (information not reviewed by external auditors)

· Cemig Baguari Energia S.A. (subsidiary, 100.00% stake): Production and sale of electricity as an independent producer in future projects.

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· Madeira Energia S.A. (jointly controlled, 10.00% stake): Implementation, construction, operation and commercial operation of the Santo Antônio Hydroelectric Plant in the Madeira river basin, in the State of Rondônia, with power of 3,150 MW (information not reviewed by external auditors) and commercial startup scheduled for 2012.

· Hidrelétrica Pipoca S.A. (jointly controlled, 49.00% stake): Independent production of electricity, through construction and commercial operation of the Pipoca Small Hydro Plant, with installed capacity of 20MW (information not reviewed by external auditors), located on the Manhuaçu River, in the municipalities of Caratinga and Ipanema, in the State of Minas Gerais. Operational startup is scheduled for April 2010.

· Empresa Brasileira de Transmissão de Energia (“EBTE”) (jointly-controlled subsidiary, 49.00% stake): Holder of a public electricity transmission concession for transmission lines in the state of Mato Grosso. Operational startup is scheduled for June 2010.

· Central Eólica Volta do Rio S.A. (jointly controlled — stake 49.00%): Production and sale of electricity at the Volta do Rio Wind Power Plant in the municipality of Aracaju in the state of Ceará, Northern Brazil, with installed capacity of 42MW. The plant is planned to start operating by the end of 2009.

· Central Eólica Praia do Morgado S.A. (jointly controlled — stake 49.00%): Production and sale of electricity at the Praia do Morgado Wind Farm in the municipality of Aracaju in the state of Ceará, Northern Brazil, with installed capacity of 79.2MW. The plant is planned to start operating by the end of 2009.

· Cemig Distribuição S.A. (“Cemig D” or “Cemig Distribution”) (subsidiary — 100% stake) — registered with the CVM (Securities Commission): Distribution of electricity through distribution networks and lines in approximately 97.00% of the Brazilian state of Minas Gerais.

· Rio Minas Energia Participações (“RME”) (jointly controlled — 25.00% stake): Holds 79.39% of the registered capital of Light S.A. (“Light”), the holding company that has 100% control of the distribution concession holder Light Serviços de Eletricidade S.A., with 3.9 million consumers in 31 municipalities of the state of Rio de Janeiro, and the generating company Light Energia S.A., which has installed generating capacity of 855 MW.

· Sá Carvalho S.A. (subsidiary — 100.00% stake): Production and sale of electricity, as a public electricity service concession holder, through the Sá Carvalho hydroelectric power plant.

· Usina Térmica Ipatinga S.A. (subsidiary — 100% stake): Production and sale, as an Independent Power Producer, of thermally generated electricity, through the Ipatinga thermal plant, located on the premises of Usiminas (Usinas Siderúrgicas de Minas Gerais S.A.).

· Companhia de Gás de Minas Gerais — Gasmig (“Gasmig”) (jointly controlled — 55.19% stake): Acquisition, transport and distribution of combustible gas or sub-products and derivatives, through concession for distribution of gas in the State of Minas Gerais.

· Empresa de Infovias S.A. (“Infovias”) (subsidiary — 100.00% stake) — registered for listing with the CVM (Securities Commission): Commercially operates specialized services in telecommunications, through an integrated system consisting of fiber optic cables, coaxial cables, electronic and associated equipment (multi-service network).

· Efficientia S.A. (subsidiary — 100.00% stake): Provides electricity efficiency and optimization services and energy solutions through studies and execution of projects, as well as providing services of operation and maintenance in energy supply facilities.

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· Horizontes Energia S.A. (subsidiary — 100.00% stake): Production and sale of electricity, as an independent power producer, through the Machado Mineiro and Salto do Paraopeba hydroelectric power plants, in the State of Minas Gerais, and the Salto do Voltão and Salto do Passo Velho power plants in the State of Santa Catarina.

· Central Termelétrica de Cogeração S.A. (subsidiary, 100.00% stake): Production and sale of electricity produced by thermal generation as an independent producer in future projects.

· Rosal Energia S.A. (subsidiary — 100.00% stake): Production and sale of electricity, as a public electricity service concession holder, through the Rosal hydroelectric power plant located on the border between the States of Rio de Janeiro and Espírito Santo, Brazil.

· Central Hidrelétrica Pai Joaquim S.A. (subsidiary — 100.00% stake): Production and sale of electricity as an independent producer in future projects.

· Cemig PCH S.A. (subsidiary — 100.00% stake): Production and sale of electricity as an independent power producer, through the Pai Joaquim hydroelectric power plant.

· Cemig Capim Branco Energia S.A. (subsidiary — 100.00% stake): Production and sale of electricity as an independent power producer, through the Capim Branco I and II hydroelectric power plants, built through a consortium with private-sector partners.

· UTE Barreiro S.A. (subsidiary — 100.00% stake): Production and sale of thermally generated electricity, as an independent power producer, through construction and operation of the UTE Barreiro thermal generation plant, located on the premises of V&M do Brasil S.A., in the state of Minas Gerais.

· Companhia Transleste de Transmissão (jointly controlled — 25.00% stake): Operation of the 345kV transmission line connecting the substation located in Montes Claros to the substation of the Irapé hydroelectric power plant.

· Cemig Trading S.A. (subsidiary: 100.00% stake): Sale and intermediation of business transactions related to energy.

· Companhia Transudeste de Transmissão (jointly controlled — 24.00% stake): Construction, operation and maintenance of national grid transmission lines and facilities — the 345kV Itutinga—Juiz de Fora transmission line.

· Companhia Transirapé de Transmissão (jointly controlled — 24.50% stake): Construction, operation and maintenance of the 230kV Irapé—Araçuaí transmission line — also part of the national grid.

· ETEP (Empresa Paraense de Transmissão de Energia S.A.) (jointly controlled — stake of 39.33%): Holder of a public service electricity transmission concession, for a 500kV transmission line in the State of Pará.

· ENTE (Empresa Norte de Transmissão de Energia S.A.) (jointly controlled — 36.69% stake): Holder of a public service electricity transmission concession, for two 500kV transmission lines in the States of Pará and Maranhão.

· ERTE (Empresa Regional de Transmissão de Energia S.A.) (jointly controlled — 36.69% stake): Holder of a public service electricity transmission concession, for a 230kV transmission line in the State of Pará.

· EATE (Empresa Amazonense de Transmissão de Energia S.A.) (jointly controlled — 35.34% stake): Holder of a public service electricity transmission concession, for the 500kV transmission lines between the sectionalizing Substations of Tucuruí, Marabá, Imperatriz, Presidente Dutra and Açailândia.

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· ECTE (Empresa Catarinense de Transmissão de Energia S.A.) (jointly controlled, 13.37% stake): Holder of a public electricity transmission service concession operating a 525kV transmission line in the State of Santa Catarina.

· Axxiom Soluções Tecnológicas S.A. (“Axxiom”) (jointly controlled — 49.00% stake): Formed in August 2007 to provide complete services of implementation and management of systems for electricity sector companies.

Cemig also has stockholdings in the companies listed below which were at pre-operational stage on September 30, 2009:

· Companhia de Transmissão Centroeste de Minas (jointly controlled — 51.00% stake): Construction, operation and maintenance of the 345kV Furnas—Pimenta transmission line — part of the national grid.

· Transchile Charrúa Transmisión S.A. — (“Transchile”) (jointly controlled — 49.00% stake): Implementation, operation and maintenance of the Charrúa—Nueva Temuco 220kV transmission line and two sections of transmission line at the Charrúa and Nueva Temuco substations, in the central region of Chile. The head office of Transchile is in Santiago, Chile.

Where Cemig exercises joint control it does so through stockholders’ agreements with the other stockholders of the investee company.

2) — PRESENTATION OF THE QUARTERLY INFORMATION

The Quarterly Information (ITR), both for the holding company, and the consolidated information, was prepared according to Brazilian accounting practices, comprising: the Brazilian Corporate Law; the statements, orientations and interpretations issued by the Brazilian Accounting Statements Committee; rules of the Brazilian Securities Commission (CVM – Comissão de Valores Mobiliários); and rules of the specific legislation applicable to holders of Brazilian electricity concessions, issued by the Brazilian National Electricity Agency, Aneel.

This Quarterly Information (ITR) has been prepared according to principles, practices and criteria consistent with those adopted in the preparation of the annual financial statements at December 31, 2008. Hence this Quarterly Information should be read in conjunction with those annual accounting statements.

Additionally, to optimize the information provided to the market, the Company is presenting, in Explanatory Note 35, income statements separated by company. All the information presented was obtained from the accounting records of the Company and its subsidiaries.

Change in the Brazilian Corporate Law

Law 11638/07 changed, repealed and created new provisions in the Brazilian Corporate Law, in the chapter relating to disclosure and preparation of Accounting Statements. Among other aspects, these changed the criterion for recognition and valuation of assets and liabilities. These changes, in effect from January 1, 2008, aim to increase the transparency of the accounting statements of Brazilian companies and eliminate some regulatory barriers that were an obstacle to convergence with international financial reporting standards (IFRS).

Law 11638/07, and Provisional Measure 449/08 (which was converted into Law 11941 of May 27, 2009), changed Law 6404/76 in aspects related to the preparation and disclosure of accounting statements.

Cemig first adopted the changes to the Corporate Law introduced by Law 11638, approved on December 28, 2007, as amended by Provisional Measure 449 of December 3, 2008, in the preparation of its accounting statements for 2008.

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Criterion for consolidation of the Quarterly Information

The Quarterly Information (ITR) of the subsidiaries and jointly-controlled companies mentioned in Explanatory Note 1 has been consolidated. The jointly-controlled subsidiaries were consolidated based on the method of proportional consolidation, applicable to each component of their accounting statements. All the subsidiaries, including those that are jointly controlled, follow accounting practices that are consistent with those of the holding company.

In the consolidation, the holdings of the holding company in the Stockholders’ equity of the controlled companies, and the significant balances of assets, liabilities, revenues and expenses arising from transactions effected between the companies, have been eliminated.

The portion relating to the holdings of minority stockholders in the Stockholders’ equity of the subsidiaries is shown separately in Liabilities.

The accounting statements of Transchile, for the purpose of consolidation, are converted from Chilean accounting principles to Brazilian accounting principles, with Chilean pesos being converted to Reais at the exchange rate of the last day of the quarter, since the functional currency of Cemig is the Real.

The dates of the accounting statements of the subsidiaries and jointly-controlled subsidiaries used for calculation of equity gains (losses) and consolidation coincide with those of the holding company.

3) — CASH AND CASH EQUIVALENTS

	Consolidated		Holding company
	09/30/2009	06/30/2009	09/30/2009	06/30/2009

Bank accounts	99,587	139,371	9,033	33,694
Cash investments
Bank certificates of deposit	2,584,619	2,025,418	108,498	87,068
Treasury Financial Notes (LFTs)	41,983	28,517	196	179
National Treasury Notes (LTNs)	8,507	14,802	176	330
Others	34,473	42,169	42	51
	2,669,582	2,110,906	108,912	87,628

	2,769,169	2,250,277	117,945	121,322

Cash investments consist of transactions carried out with Brazilian financial institutions. These transactions are contracted at normal market rates and conditions. They have high liquidity, are promptly convertible into a known amount of cash, and are subject to an insignificant risk of change in value.

These financial investments are, substantially, bank certificates of deposit and fixed income funds, remunerated, substantially, by the variation on CDIs (interbank certificates of deposit), at returns varying from 101.00% to 103.00% of the CDI rate.

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4) — CONSUMERS AND TRADERS

Current assets

	Consolidated				Holding company
	09/30/2009		06/30/2009		09/30/2009		06/30/2009

Retail supply invoiced	1,995,272		1,803,031		50,000		50,997
Retail supply not invoiced	598,024		733,918		—		—
Wholesale supply to other concession holders	54,926		80,372		—		—
(-) Provision for doubtful receivables	(437,966	)	(383,825	)	(50,000	)	(50,997	)
	2,210,256		2,233,496		—		—

Credits receivable in Non-current assets (Long-term receivables) from an industrial consumer of Cemig D and Cemig GT, in the amount of R$ 99,352 at September 30, 2009, not paid due to an injunction that allowed this payment not to be made until final judgment of a legal action challenging the tariff increase during the Cruzado Economic Plan (made by Ministerial Order 45 of 1986), are recorded in the accounts. The Company expects that the amounts mentioned will be received in full.

Under rules laid down by Aneel, the criteria for constitution of provisions are as follows: (i) for consumers with significant debts payable, an individual analysis is made of the balance, taking into account the history of default, negotiations in progress and the existence of real guarantees; (ii) for other consumers, the following are provisioned in full: debts receivable and unpaid for more than 90 days from residential consumers; more than 180 days from commercial consumers; and more than 360 days for the other consumer categories.

The Provision for doubtful receivables is considered to be sufficient to cover any losses in the realization of these assets.

5) — REGULATORY ASSETS AND LIABILITIES

The General Agreement for the Electricity Sector, signed in 2001, and the new regulations governing the electricity sector, resulted in the constitution of several regulatory assets and liabilities, and also in deferral of federal taxes applicable to these assets and liabilities (which are settled as and when the assets and liabilities are received and/or paid), as follows:

	Consolidated
	09/30/2009		06/30/2009
Assets
“Portion A” — Note 6	307,991		383,486
Traders — transactions in “Free Energy” during the rationing program — Note 8	20,977		22,319
PIS, Cofins and Pasep taxes — Note 13	46,240		46,240
Pre-paid expenses — CVA — Note 9	1,039,525		1,177,683
Review of Tariff for Use of the Distribution System (TUSD)	—		3,089
Recovery of discounts on the TUSD	3,290		9,161
Low-income subsidy	51,344		35,904
Transmission Tariff Review - “Adjustment Portion” — Note 7	136,388		158,090
Other regulatory assets	10,207		12,334
	1,615,962		1,848,306
Liabilities
Purchase of electricity during the rationing period	(122	)	(12,148	)
Amounts to be restituted in the tariff — CVA — Note 9	(679,413	)	(635,779	)
Review of Tariff for Use of the Distribution System (TUSD)	(6,382	)	(10,760	)
CCEAR contract exposure between sub-markets	(11,576	)	(17,147	)
Adjustment to the “Reference Company”	(54,260	)	(80,375	)
Financial adjustment for the 2008 Tariff Review	(83,198	)	(123,240	)
Other regulatory liabilities	(8,868	)	(9,780	)
	(843,819	)	(889,229	)

Taxes, charges and contributions — Deferred liabilities — Note 18	(51,950	)	(69,193	)
	(895,769	)	(958,422	)

Total	720,193		889,884

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6) — THE EXTRAORDINARY TARIFF RECOMPOSITION, AND “PORTION A”

The Brazilian federal government, through the Electricity Emergency Chamber (GCE), signed an agreement with the electricity distributors and generators in 2001, named “The General Agreement for the Electricity Sector”, which set criteria for ensuring the economic and financial equilibrium of concession contracts and for “recomposition” of the extraordinary revenues and losses which occurred during the Rationing Program, through an Extraordinary Tariff Recomposition (“RTE”), given to compensate for the variation in non-manageable costs of “Portion A” that took place in the period from January 1 to October 25, 2001.

a) The Extraordinary Tariff Recomposition

The RTE came into effect on December 27, 2001, through the following tariff adjustments:

· Adjustment of 2.90% for consumers in the residential classes (excluding low-rental consumers), and consumers in the rural, public-illumination and high-voltage industrial categories for whom the cost of electricity represents 18.00% or more of the average cost of production and which meet certain requirements related to load factor and electricity demand, specified in the Resolution.

· Increase of 7.90% for other consumers.

The RTE was used to compensate the following items:

· Losses of invoiced sales revenue in the period from June 1, 2001 to February 28, 2002, corresponding to the difference between Cemig’s estimated revenue if the rationing program had not been put in place and the actual revenue while the program was in place, according to a formula published by Aneel. Calculation of this value did not take into account any losses from default by consumers.

· Pass-through to be made to the generators who bought energy in the MAE — which was succeeded in 2004 by the Electricity Trading Chamber — (“the CCEE”), in the period from June 1, 2001 to February 28, 2002, for more than R$ 49.26/MWh (referred to as “Free Energy”).

The period of validity of the RTE of Cemig D and of Light Serviços de Eletricidade S.A. (“Light SESA”), of 74 months, expired in February 2008.

b) “Portion A”

The items of “Portion A” are defined as being the sum of the differences, positive or negative, in the period January 1 to October 25, 2001, between the amounts of the non-manageable costs presented on the basis of the calculation for determination of the last annual tariff adjustment and the disbursements which actually took place in the period.

The recovery of “Portion A” began in March 2008, shortly after the end of the period of validity of the RTE, using the same recovery mechanisms, that is to say, the adjustment that was applied to tariffs for compensation of the amounts of the RTE will continue in effect for compensation of the items of “Portion A”.

The “Portion A” credits are updated by the variation in the Selic rate up to the month in which they are actually offset, and there is no time limit for their realization.

As and when amounts of “Portion A” are received through the tariff, Cemig transfers those amounts from Assets to the Income statement. In the case of Cemig D (Cemig Distribuição S.A.), the amounts transferred in 2009 are as follows:

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Amounts transferred to expenses	09/30/2009	06/30/2009
Energy bought for resale	143,829	93,758
Fuel Consumption Account — CCC	63,688	41,516
Global Reversion Reserve — RGR	6,364	4,149
Tariff for transport of electricity from Itaipu	2,456	1,601
Tariff for use of national grid transmission facilities	16,449	10,723
Royalties for use of water resources	5,649	3,682
Connection — Realization of “Portion A”	347	226
Delivery service inspection charge	596	388
	239,378	156,043

Composition of the balances of “Portion A”

The amounts to be received in relation to “Portion “A”, recorded in Assets, are:

	Consolidated
	09/30/2009		06/30/2009

Cemig D
Compensation of the items of “Portion A”	814,833		806,994
Amounts received	(506,842	)	(423,508	)
Total of “Portion A”	307,991		383,486

Current assets	307,991		317,042
Non-current assets	—		66,444

7) — THE REVIEW OF THE TRANSMISSION TARIFF

Cemig GT’s first Tariff Review was approved by the Council of Aneel on June 17, 2009. In it Aneel set the percentage for repositioning of the Company’s Permitted Annual Revenue (RAP) at 5.35%, backdated to 2005.

Aneel established a financial component of R$ 158,090 to be paid to the Company through the “Adjustment Portion” (“PA”) in 24 months. This is the backdated effect of the tariff repositioning over the period from July 1, 2005 to June 30, 2009. The first installment, of R$ 85,732, was incorporated into the adjustment for the 2009–10 cycle, and the second portion, of R$ 72,358, will be compensated in the 2010–11 adjustment.

As and when amounts of the “Adjustment Portion” are received through the tariff, the Company transfers the corresponding amount records in Assets to the Income statement. The record of accounting of the “Adjustment Portion” is as follows:

Components of the “Adjustment Portion”

	Balance on 06/30/2009	Monetary updating		Amortization		Balance on 09/30/2009
National grid	128,823	(226	)	(17,037	)	111,560
Frontier areas	13,899	(13	)	(2,633	)	11,253
Other Transmission Facilities (“DIT”)	15,368	(30	)	(1,763	)	13,575
	158,090	(269	)	(21,433	)	136,388

Current						82,321
Non-current						54,067

As specified in the Company’s concession contract, the calculations of the revision were made on the basis of the whole of the Company’s transmission assets, and not only on the assets relating to the new facilities.

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8) — TRADERS — TRANSACTIONS IN “FREE ENERGY”

The receivables of the subsidiary Cemig GT for transactions in “Free Energy” in the Electricity Trading Chamber (CCEE) during the period of the Rationing Program are as follows:

	Consolidated
	09/30/2009		06/30/2009
ASSETS
Amounts to be received from distributors	39,180		40,132
Provision for losses in realization	(18,203	)	(17,813	)
	20,977		22,319

Current	10,120		17,573
Non-current	10,857		4,746

The amounts receivable in Assets are the difference between the prices paid by Cemig GT in the transactions in energy on the CCEE, during the period when the Rationing Program was in effect, and R$ 49.26/MWh. This difference is to be reimbursed by the distributors through the amounts raised by means of the RTE, as defined in the General Agreement for the Electricity Sector.

In accordance with Aneel Resolution 36 of January 29, 2003, the electricity distributors have, since March 2003, been collecting the amounts obtained monthly by means of the RTE and passing them through to the generators and distributors that have amounts to be received, among which Cemig GT is included.

The amounts receivable by Cemig GT are updated by the variation in the Selic rate plus 1.00% interest per year.

The conclusion of certain court proceedings in progress, brought by market agents, in relation to interpretation of the rules in force at the time of the transactions on the CCEE, could result in changes in the amounts recorded.

Provision for losses in realization

The provision currently constituted, of R$ 18,203, represents the losses that are expected as a result of the period of receipt of the RTE from the distributors that are still passing through funds to the Company not being sufficient for complete settlement of the amounts owed.

9) — ANTICIPATED EXPENSES AND REGULATORY LIABILITIES — CVA

The balance on the Account to Compensate for Variation of Portion A items (known as the “CVA” account) is made up of the positive and negative differences between the estimate of non-manageable costs used for deciding the tariff adjustment, and the payments actually made. The variations resulting from the calculation are compensated in the subsequent tariff adjustments.

The balance on the CVA account is shown below:

	Consolidated
	09/30/2009		06/30/2009

Cemig D	292,518		478,236
RME — Light	67,594		63,668
	360,112		541,904

Current assets	629,237		632,644
Non-current assets	410,288		545,039
Current liabilities	(361,392	)	(224,826	)
Non-current liabilities	(318,021	)	(410,953	)
	360,112		541,904

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10) — TAXES SUBJECT TO OFFSETTING

	Consolidated		Holding company
	09/30/2009	06/30/2009	09/30/2009	06/30/2009
Current
ICMS tax recoverable	229,516	206,492	3,806	3,805
Income tax	785,656	702,031	—	—
Social Contribution tax	287,660	270,499	—	—
Pasep tax	4,783	10,767	—	1
Cofins tax	28,261	26,891	—	1
Others	14,618	18,495	1,385	1,385
	1,350,494	1,235,175	5,191	5,192
Non-current
ICMS tax recoverable	70,252	93,184	426	426
Income tax	170,213	178,397	166,305	178,128
Social Contribution tax	28,129	17,549	28,129	17,549
	268,594	289,130	194,860	196,103

	1,619,088	1,524,305	200,051