ENERGY CO OF MINAS GERAIS
For the period ended Mar 31, 2025. Filed Jan 2, 2025.
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Mar 31, 2025 · Filed Jan 2, 2025
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Contents
Distribution segment performance
For 2Q24 Cemig’s electricity distribution operations posted profit of R$ 1,060,437, compared to R$ 365,437 in 2Q23.
Net revenue in the distribution segment in 2Q24, at R$6,326,844, was up 14.01% from R$5,549,457 in 2Q23. The following are the main variations in components:
| § | revenue from supply of electricity was R$5,881,556 in 2Q24, up 15.37% from 2Q23 (R$5,097,880). The increase in energy supply to residential customers is mainly due to four factors: (i) increase in the number of consumers; (ii) increase in average monthly consumption per consumer; (iii) higher temperatures, and (iv) improvement in the economic scenario; |
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| § | the Company posted an adjustment to revenue, reflecting realization of reimbursement to consumers of credits of PIS, Pasep and Cofins taxes, in the amount of R$190,186, in 2Q24, compared to R$561,518 in 2Q23. This recomposition of revenue is due to Cemig D considering the discount on the amounts being returned to consumers relating to PIS/PASEP and COFINS credits; |
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| § | revenue for use of the network, charged to Free Clients as the TUSD (Tariff for Use of the Distribution System – Tarifa de Uso do Sistema de Distribuição) on the volume of energy distributed. In 2Q24 this revenue was R$1,261,441, or 12.06% higher than in 2Q23 (R$1,125,668); |
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10Av. Barbacena, 1200 – Santo Agostinho – 30190-131 Belo Horizonte, MG – Brazil – Fax (+55-31) 3506-5026 – Tel.: (+55-31) 3506-5024 This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.
| § | taxes and charges on revenue in 2Q24 totaled R$2,723,111, compared to R$2,502,738 in 2Q23. This increase mainly reflects the higher revenue. |
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Operational costs and expenses in 2Q24 were R$5,221,702, or 3.24% higher than in 2Q23 (R$5,058,009).
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