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Concessions and Authorizations (Tables)
12 Months Ended
Dec. 31, 2024
Concessions And Authorizations  
Schedule of Concessions and Authorizations Held

 

Company holding concession or authorization

Concession or authorization contract

Expiration date

POWER GENERATION

 

 

 

 

 

 

 

Hydroelectric plants

 

 

 

Theodomiro Carneiro Santiago (1)

Cemig GT

07/1997

05/2027

Nova Ponte (1)

Cemig GT

07/1997

08/2027

Sá Carvalho (1)

Sá Carvalho

01/2004

08/2026

Rosal (1)

Rosal Energia

01/1997

12/2035

Machado Mineiro (1) (5) (6)

Horizontes Energia

Resolution 331/2002

05/2027

PCH Pai Joaquim (1)

Cemig PCH

Authorizing Resolution 377/2005

04/2032

Irapé (1)

Cemig GT

14/2000

09/2037

Queimado (Consortium) (1)

Cemig GT

06/1997

06/2034

Poço Fundo (1)

Poço Fundo

01/2021

05/2052

Três Marias (2)

Cemig Geração Três Marias

08/2016

01/2053

Salto Grande (2)

Cemig Geração Salto Grande

09/2016

01/2053

Itutinga (2)

Cemig Geração Itutinga

10/2016

01/2053

Camargos (2)

Cemig Geração Camargos

11/2016

01/2053

Coronel Domiciano (2)

Joasal (2)

Marmelos (2) (6)

Paciência (2)

Piau (2)

Cemig Geração Sul

12/2016 and 13/2016

04/2047

01/2053

Dona Rita (2)

Ervália (2)

Neblina (2)

Peti (2)

Sinceridade (2) (6)

Tronqueiras (2)

Cemig Geração Leste

14/2016 and 15/2016

07/2050

04/2047

01/2053

03/2047

12/2046

Cajurú, Gafanhoto and Martins (2)

Cemig Geração Oeste

16/2016

01/2053

 

 

 

 

Wind power plants

 

 

 

Central Geradora Eólica Praias de Parajuru (3)

Praias de Parajuru

Resolution 526/2002

09/2032

Central Geradora Eólica Volta do Rio (3)

Volta do Rio

Resolution 660/2001

01/2031

 

 

 

 

Photovoltaic power plants

 

 

 

UFV Mineirão

Cemig GT

-

-

UFV Três Marias GD

UFV Três Marias

-

-

UFV Advogado Eduardo Soares (7)

UFV Boa Esperança

-

-

UFV Jusante

Cemig GT

-

-

UFVs Cemig SIM (8)

Cemig SIM

-

-

 

 

 

 

POWER TRANSMISSION

 

 

 

National grid (4)

Cemig GT

006/1997

01/2043

Itajubá Substation (4)

Cemig GT

79/2000

10/2030

Furnas - Pimenta - Transmission line (4)

Centroeste

004/2005

03/2035

Subestação Sete Lagoas 4 (4)

Sete Lagoas

006/2011

06/2041

Governador Valadares 6 – Verona – Transmission line

Centroeste

001/2023

03/2053

ENERGY DISTRIBUTION

Cemig D

002/1997

003/1997

004/1997

005/1997

 

 

12/2045

 

 

 

 

GAS DISTRIBUTION

Gasmig

State Law 11,021/1993

01/2053

ANNUAL REPORT AND FORM 20-F | 2024

F-19


 

(1)

Refer to power generation concession agreements that are not in the scope of IFRIC 12, whose infrastructure assets are recorded as property, plant and equipment since the grantor does not control to whom the services should be provided and their price, and their energy is mainly sold in the Free Contracting Environment (Ambiente de Contratação Livre, or ‘ACL’).

(2)

Refers to energy generation concession contracts whose concession bonus revenue is classified as financial assets of the concession.

(3)

Refer to concessions, by means of authorization, of wind power generation in the independent production modality, trated in the scope of Program to Encourage Alternative Sources of Electricity (Programa de Incentivo às Fontes Alternativas de Energia Elétrica, or ‘Proinfa’). The assets linked to the exploration right are registered in fixed assets. The exploration authorization rights are classified in the consolidated balance sheet as intangible assets.

(4)

These refer to power transmission concession agreements which, in accordance with IFRS 15, are classified as contract assets as they are subject to the satisfaction of performance obligations in the provision of the electric energy transmission service.

(5)

On February 20, 2024, the Grantor (Agência Nacional de Energia Elétrica, or ‘Aneel’) transferred the authorization of the Machado Mineiro SHP (Small Hydroelectric Plant) from Horizontes Energia S.A. to Cemig GT, through Dispatch 504/2024.

(6)

On December 5, 2024 the Cemig GT held a public auction for sale, as a single lot, of the right to operate the energy generation services of four generation plants, comprising: one SHP, directly owned by Cemig GT; and three hydroelectric generation plants owned by its wholly-owned subsidiaries. More details in Note 31.

(7)

On January 24, 2024, Aneel, by its Dispatch 184/2024 authorized changing the name of the Boa Esperança solar generation plant (‘UFV Boa Esperança’) to the Advogado Eduardo Soares solar generation plant (‘UFV Advogado Eduardo Soares’).

(8)

Cemig Sim, controlled by the Company, operates in provision of generation of electricity from photovoltaic solar sources to the distributed generation market. It has 100% ownership of eight photovoltaic generation plants, all located in Minas Gerais.

Schedule of Average Effect on Consumers

On May 21, 2024 Aneel ratified the result of the Annual Tariff Adjustment of Cemig D, to be in effect from May 28, 2024 to May 27, 2025, with average increase in tariff of 7.32% – its components included average increases of: 8.63% for high-voltage consumers, and 6.72% for consumers connected at low voltage. For residential consumers connected at low voltage, the average increase was 6.70%.

Voltage level

 

Average effect on consumers

High and medium voltage - Group A

 

8.63%

Low voltage - Group B

 

6.72%

Average adjustment

 

7.32%

Schedule of Concession and Amount to be Paid

 

(1)

The term presented includes the extension of the concession grant for these plants under the terms of ReH 2,932, of September 14, 2021. During the period of the extension of the concession term, the generator will freely dispose of the energy from the undertaking, under the terms of Law 13,203/2015, with the other clauses unchanged for both contracts.

Schedule of gas distribution tariff readjustments

During the 2024 fiscal year, the State’s Economic Development Secretariat issued some Resolutions for adjustments on the gas tariff, as following:

Resolution

Start of term

Average reduction according to consumption

and tariff categories.

N. 9, of January 25, 2024

February 1, 2024

Between 1.06% and 3.77%

N. 17, of April 26, 2024

May 1, 2024

Between 0.61% and 1.66%

N. 36, of July 26, 2024

August 1, 2024

Between 4% and 6%

N. 51, of November 1, 2024

November 1, 2024

Between 0.54% and 0.77%

Schedule of Nominal Value and Present Value Portion to be Paid

Project

Period of the concession + extension (1)

Nominal value in Dec. 31,2024

Present value in Dec. 31,2024

Interest

%

Updating indexer

Amounts paid in 2024

Amounts paid in 2023

Irapé

March 2006 to September 2037

42.7

22

100

IGPM

3.3

3.1

Queimado (Consortium)

January 2004 to June, 2034

9.1

5.4

82.5

IGPM

1

1

 

(1)

The term presented includes the extension of the concession grant for these plants under the terms of ReH 2,932, of September 14, 2021. During the period of the extension of the concession term, the generator will freely dispose of the energy from the undertaking, under the terms of Law 13,203/2015, with the other clauses unchanged for both contracts.