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 June 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.

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.

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

Index

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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.

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1.                                                               Earnings Release 1st Quarter 2009, Cemig Distribuição S.A.

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Brazil’s Best Electricity

EARNINGS RELEASE

1Q09

Cemig D

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· Net Income

In the first quarter of 2009 (1Q09), Cemig Distribuição reported net Income of R$ 40.334 million, a reduction of 85.10% in comparison to the net Income of R$ 270.659 Million reported for the first quarter of 2008 (1Q08).

This lower Income is partly due to extraordinary adjustments posted in the first quarter of 2009 as a result of the definitive value decided by the regulator, Aneel for the Company’s Tariff Review, which had a negative impact of R$ 127 million on the result. In counterpart, an extraordinary positive adjustment, of R$ 38 million, was made to the income statement of 1Q08, also related to the Tariff Review.

In addition, importantly, there is the reduction in net revenue resulting from the Tariff Review itself, in place from April 8, 2008, which reduced Cemig D’s tariffs by an average of 12.24% from that date.

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· Ebitda

(Method of calculation not reviewed by external auditors)Cemig D’s Ebitda in the first quarter of 2009 was significantly lower than its Ebitda for the first quarter of 2008 – by a percentage of 68.46%. However, adjusted for the non-recurring items, this percentage reduction is diminished to 23.50%.

As part of the final disclosure of the Tariff Review of Cemig D, Aneel included in the tariff to be applied as from April 8, 2009 certain financial items relating to previous business years which resulted in the recognition of regulatory assets and liabilities which will be received and/or discounted in the tariff to be applied in the period April 8, 2009 to April 7, 2010.

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The financial items referred to relate principally to reduction of the costs of the “Reference Company” used by Aneel in calculating reimbursement to the Company of its controllable costs, with effect backdated to April 2008. Recognition of this non-recurring item results in an impact of R$ 192,816 on Ebitda, as shown in this table:

The main reason for the lower Ebitda in 1Q09 than in 1Q08 is in the negative impacts of the final decision on the Tariff Review. The operational performance in 2009 was reflected in Ebitda margin, which was 14.04% in 1Q09, compared to 32.03% in 1Q08.

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· Gross revenue from supply of electricity and use of the network – captive consumers

This revenue in 1Q09, at R$ 1.815 billion, was 22.54% lower than in 1Q08 (R$ 2.343 billion).

Main factors affecting revenue in 1Q09:

·                  Reduction of Cemig D’s tariffs, of 12.24%, in the tariff adjustment in effect from April 8, 2008 (with full effect in 2009).

·                  Volume of energy invoiced to final consumers 4.52% higher than in 1Q08 (this excludes Cemig’s own internal consumption).

·                  Posting of regulatory liabilities arising from the adjustment to the Company’s Tariff Review, this adjustment being backdated to 2008, representing a reduction in gross revenue of R$ 176,970.

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Electricity sold to final consumers (MWh)
(Data not audited by external auditors)

· Revenue from use of the network – Free Consumers

This revenue is from the TUSD – Tariff for Use of the Distribution System – charged to Free Consumers on electricity sold to them. In 1Q09 this revenue was R$ 261.85 million, compared to R$ 315.03 million in 1Q08, that is to say 16.9% lower, due to the transport of a lower volume of electricity to free consumers, which in turn was the result of the effects of the recession in the international economy on Brazilian industry.

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· Non-controllable costs

Differences between the non-controllable costs assumed in calculating tariff adjustments, and disbursements actually made, are recorded in an account known as the CVA (cost variation account), and their total is offset in subsequent tariff adjustments. CVA amounts are registered in Current and Non-current assets. Complying with the Aneel Chart of Accounts, some items are allocated as Deductions from operational revenue. Further information is in Explanatory Note 7 to the Quarterly Information.

As from March 2008 the company began to receive, in the tariff, the amounts posted in assets under “Portion A”. Hence the portion of the non-controllable costs that was actually received in the tariff is transferred to Operational expenses, as shown in Explanatory Note 6, item “B”.

· Deductions from operational revenues

Deductions from operational revenues totaled R$ 910.5 million in 1Q09, 11.4% less than the total deductions of R$ 1.028 billion in 1Q08. Main year-on-year variations in the deductions from revenue:

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Fuel Consumption Account – CCC

The deduction from revenue for the CCC was R$ 88.49 million in 1Q09, 41.4% lower than in 1Q08 (R$ 62.59 million). This refers to the operational costs of the thermal plants in the Brazilian grid and isolated systems, divided up between electricity concession holders by an Aneel Resolution. This is a non-controllable cost: the amount deducted from revenue is passed through to tariffs.

Energy Development Account – CDE

The deduction from revenue for the CDE was R$ 77.53 million in 1Q09, 3.3% higher than in 1Q08 (R$ 75.07 million). The payments are specified by an Aneel Resolution. This is a non-controllable cost: the deduction from revenue recorded in the income statement is the amount actually passed through to the tariff.

RGR – Global Reversion Reserve

The deduction from revenue for the RGR was R$ 17.52 million in 1Q09, 13.6% lower than in 1Q08 (R$ 16.42 million). This is a non-controllable cost: the deduction from revenue recorded in the income statement is the amount actually passed through to the tariff.

The other deductions from revenue are for taxes that are calculated as a percentage of billing. Hence their variations arise substantially from the changes in revenue.

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· Operational costs and expenses (excluding Financial revenue (expenses))

Operational costs and expenses (excluding Net financial revenue (expenses)) amounted to R$ 1.100 billion in 1Q07, 10.6% lower than in 1Q9 (R$ 1.184 billion). This mainly reflects changes in costs of Electricity bought for resale, Post-employment obligations and Depreciation and amortization. For further information on the composition of operational costs and expenses, see Explanatory Note 25 to the Quarterly Information.

The main year-on-year variations in these expenses are:

Personnel expenses

Personnel expenses totaled R$ 201.0 million in 1Q09, 3.2% higher than in 1Q08 (R$ 194.7 million). The total reflects these factors:

·                  Salary increase of 7.26% given to employees in November 2008.

·                  Higher transfer of costs from personnel expenses to works in progress (R$ 22.55 million in 1Q09, vs. R$ 16.27 million in 1Q08), due to the higher capital expenditure program in 2008.

Further information on the composition of personnel expenses is given in explanatory note No. 25 to the Quarterly Information.

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Electricity bought for resale

The expense on electricity bought for resale in 1Q09 was R$ 505.71 million, 12.5% less than in 1Q08, when it was R$ 577.74 million. This is a non-controllable cost: the deduction from revenue recorded in the income statement is the amount actually passed through to the tariff. Further information is given in Explanatory Note No. 25 to the Quarterly Information (ITR).

· Depreciation and amortization

The expense on depreciation and amortization in 1Q9 was R$ 81.16 million, 26.6% less than the expense of R$ 110.51 million posted for 1Q08. This mainly reflects reduction of the item “Special Obligations”, as from April 2008, start date of the second Tariff Review cycle.

Post-employment obligations

Expenses on post-employment obligations totaled R$ 22.94 million in 1Q09, 38.3% lower than in 1Q08 (R$ 37.17 million. These expenses basically represent interest on the actuarial liabilities of Cemig Distribution, net of the expected return on the pension plans’ assets, as estimated by an external actuary. The higher expense, year-on-year, reflects the adjustment made in December 2008 to the actuarial assumptions for interest rates, resulting in a reduction of the Company’s net obligations.

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Charges for use of the transmission grid

The expense on charges for use of the transmission network totaled R$ 119.56 million in 1Q09, 0.36% less than in 1Q08 (R$ 119.99 million). This expense refers to the charges payable by electricity distribution and generation agents for use of the facilities that are components of the basic grid, as set by an Aneel Resolution. This is a non-controllable cost: the deduction from revenue recorded in the income statement is the amount actually passed through to the tariff.

Outsourced services

The expense on outsourced services in 1Q09 was R$ 105.05 million, 5.1% higher than in 1Q08 (R$ 99.95 million), mainly due to higher expenditure on maintenance and conservation of electricity facilities, and meter reading / bill delivery / collection agents. Details of the expenses under this line are given in Explanatory Note 25 to the Quarterly Information.

· Financial revenues (expenses)

The company posted net financial expenses of R$ 7.773 million for 1Q09, which compares with net financial revenue of R$ 10.541 million in 1Q08. The main factors affecting these figures were:

·                  Lower revenue from cash investments, at R$ 10.18 million in 1Q09, 43.6% less than the revenue of R$ 18.04 million in 1Q08, due to a lower volume of cash being invested in 1Q09.

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·                  Revenue from penalty payments on electricity invoices in arrears in 1Q09, at R$ 22.58 million, was R$ 20.5 million less than in 1Q08 (R$ 43.05 million). This variation arises from the revenue posted in 2008, in the amount of R$ 10.52 million, for accounts received from large industrial consumers for consumption in prior years – the principal amounts of which were considerably less than the amounts added as penalty payments for delay in settlement.

·                  Lower revenue from monetary updating on the regulatory assets arising from the General Agreement for the Electricity Sector: In 1Q09 this revenue was R$ 14.24 million, compared to R$ 27.34 million in 1Q08. This is basically due to the lower value of regulatory assets in 2009, due to the principal regulatory assets previously constituted having been amortized.

·                  Revenue from monetary updating and interest on the Deferred Tariff Adjustment 93.1% lower, at R$ 1.78 million, in 1Q09, than in 1Q08 (R$ 25.90 million), due to the reduction of the asset by receipt of amounts receivable, in electricity invoices. For more information please see Explanatory Note 10 to the Quarterly Information (ITR).

·                  Lower Monetary adjustment on loans and financings, at R$ 3.74 million in 1Q09, compared to R$ 19.19 million in 1Q08 – reflecting higher variation in inflation indices in 1Q09 than in 1Q08.

For a breakdown of financial revenues and expenses, please see Explanatory Note 25 of the Quarterly Information.

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· Income tax and Social Contribution tax

In 1Q07 Cemig Distribuição posted expenses on income tax and Social Contribution of R$ 18.477 million, representing 23.83% of the pre-tax Income of R$ 77.536 million. In the first quarter of 2008, the Company posted expenses on income tax and Social Contribution of R$ 141.031 million, 32.96% of the pre-tax Income of R$ 427.845. These effective rates are reconciled with the nominal rates in Explanatory Note 9 to the Quarterly Information.

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TABLES I TO IV

Chart I

CEMIG D Market

(1)          Refers to the quantity of electricity for calculation of the regulatory charges charged to free consumer clients (“Portion A”)

(2)          Total electricity distributed

(3)          Sum of the demand on which the TUSD is invoiced, according to demand contracted (“Portion B”).

Chart II

Operating Revenues (consolidated) - CEMIG D
Values in million of Reais

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Chart III

Operating Expenses (consolidated) - CEMIG D
Values in millions of reais

Chart IV

Statement of Results (Consolidated) - CEMIG D
Values in millions of reais

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2.                                       Earnings Release 1st Quarter 2009, Cemig Geração e Transmissão S.A.

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Brazil’s Best Electricity

EARNINGS RELEASE

1Q09

Cemig GT

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· Net Income

Cemig Geração e Transmissão (“Cemig GT”) reported net Income of R$ 232.413 million in the first quarter of 2009 (1Q09), 12.97% more than its net Income of R$ 205.728 million reported for the first quarter of 2008 (1Q08). This mainly reflected lower net financial expenses than in 1Q08.

· Ebitda

(Method of calculation not reviewed by external auditors)

Cemig GT’s Ebitda was significantly higher in 1Q09 than 1Q08:

The higher Ebitda in 1Q09 than in 1Q09 mainly reflects net revenue 7.25% higher, partially offset by operational expenses (excluding effects of depreciation and amortization) 9.66% higher. Ebitda margin was 65.68% in 1Q09, slightly lower than in 1Q08 (66.44%).

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· Gross revenue from supply of electricity

Gross revenue from supply of electricity in 1Q09 was R$ 769.147 million, 6.65% higher than in 1Q08 (R$ 721.201 million).

Volume of electricity sold was 4.33% lower, as a result of the effect of the international recession on demand for electricity in Brazil in 2009. The reduction was most significant for industrial consumers: sales of 4,137,469 MWh in 1Q09, 7.91% less than the 4,492,919 MWh sold to industrial consumers in 1Q08. Part of the effect of this lower volume, however, was offset by wholesale sales to other concession holders and under “bilateral contracts” 1.08% higher than in 1Q08.

In spite of the lower volume sold, revenue was higher due to the feature of contracts with free consumers, in which a minimum level of payments is established even if volume of electricity supplied is lower. The increase in revenue arises from the adjustment of the greater part of these contracts – since 1Q08 – by the IGP-M inflation index.

· Revenue from use of the grid

This revenue is primarily for use of the facilities that make up the basic transmission network of Cemig GT, by generating and distributing companies that are participants in the Brazilian grid, according to amounts set by an Aneel resolution, and was 0.40% higher in 1Q09 than 1Q08.

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· Deductions from operational revenues

Deductions from operational revenues totaled R$ 193.5 million in 1Q09, 0.9% less than the total deductions of R$ 195.3 million in 1Q08.

Main year-on-year variations in the deductions from revenue:

· Fuel Consumption Account – CCC

The deduction from revenue for the CCC was R$ 5.35 million in 1Q09, 25.0% less than in 1Q08 (R$ 7.13 million). This refers to the operational costs of the thermal plants in the Brazilian grid and isolated systems, divided up between electricity concession holders by an Aneel Resolution. Cemig GT merely passes through this cost, to Eletrobrás, after charging it to Free Consumers on their invoices for use of the grid.

· Energy Development Account – CDE

The deduction from revenue for the CDE was R$ 5.80 million in 1Q09, 29.1% lower than in 1Q08 (R$ 8.18 million). The payments are specified by an Aneel Resolution. Cemig GT merely passes through this cost, to Eletrobrás, after charging it to Free Consumers on their invoices for use of the grid.

· RGR – Global Reversion Reserve

The deduction from revenue for the RGR was R$ 19.77 million in 1Q09, 8.1% lower than in 1Q08 (R$ 21.50 million). This is a non-manageable charge. It is lower due to adjustments for prior periods totaling R$ 2.43 million posted in 2008.

The other deductions from revenue are for taxes that are calculated as a percentage of billing. Hence their variations arise substantially from the changes in revenue.

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· Operational costs and expenses

(excluding Financial revenue (expenses))

Operational costs and expenses (excluding Financial revenue (expenses)) totaled R$ 307.3 million in 1Q07, 7.6% higher than in 1Q09 (R$ 285.5 million). For further information on the composition of operational costs and expenses, see Explanatory Note 21 to the Quarterly Information.

Main year-on-year variations in operational costs and expenses:

· Personnel expenses

Personnel expenses in 1Q09 were R$ 68.80 million, 7.1% more than in 1Q08 (R$ 64.22 million). The difference is primarily due to the salary increase of 7.26% given to employees in November 2008.

· Post-employment obligations

Expenses on post-employment obligations totaled R$ 7.33 million in 1Q09, 38.9% less than in 1Q08 (R$ 12.00 million). This expense basically consists of interest on the actuarial liabilities of Cemig GT, net of expected return on assets held by the pension plans, estimated by an external actuary. The lower expense in 2009 is due to adjustment in the actuarial assumptions, in December 2008, with a reduction in assumed interest rates.

· Charges for use of the transmission grid

Expenses on charges for the use of the transmission grid were R$ 72.30 million in 1Q09, 12.2% higher than in 1Q08 (R$ 64.44 million). This expense refers to the charges payable by electricity distribution and generation agents for use of the facilities that are components of the basic

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grid, as set by an Aneel Resolution. The increase in the expense primary results from an upward adjustment, averaging 11.5%, in the TUST, in June 2008.

· Raw materials and inputs for generation

This expense, of R$ 21.79 million in 1Q09, is primarily for purchase of fuel for the Igarapé thermal plant, which came into operation due to low reservoir levels resulting from low rainfall.

· Outsourced services

Expenses on outsourced services in 1Q09 totaled R$ 24.54 million, 44.8% more than in 1Q08 (R$ 16.95 million). A breakdown of outsourced services is given in Explanatory Note 21 to the Quarterly Information.

· Other operational expenses

Operational expenses in 1Q09 totaled R$ 13.67 million, 17.7% less than in 1Q08 (R$ 16.62 million).

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· Financial revenues (expenses)

The company posted net financial expenses of R$ 50.190 million in 1Q07, 37.02% less than the net financial expenses reported for 1Q08, of R$ 79.686 million. The items comprising the financial result with the highest variations are listed below:

·                  Revenue of R$ 10.578 million from foreign exchange variation in the first quarter of 2009, compared to a net expense of R$ 6.704 million in 1Q08, basically due to the higher variation in 1Q09 in the currencies that index the Company’s loans and financings in foreign currency, especially the US dollar and the yen.

·                  Reversal, in 1Q09, of a provision of R$ 8.72 million for losses on “free energy”, which compares with a provision of R$ 10.16 million made in 1Q08.

·                  Revenue from cash investments R$ 6.79 million higher in 1Q09, due to a higher volume of cash invested.

For a breakdown of financial revenues and expenses, please see Explanatory Note 22 to the Quarterly Information.

· Income tax and Social Contribution tax

In 1Q09, Cemig GT posted expenses for income tax and the Social Contribution tax totaling R$ 136.642 million, representing 36.46% of the pre-tax Income of R$ 374.778 million. In the first quarter of 2008, the Company posted expenses on income tax and Social Contribution of R$ 106.953 million, 33.68% of the pre-tax Income of R$ 317.600 million. These effective rates are reconciled with the nominal rates in Explanatory Note 7 to the Quarterly Information.

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Tables I TO III

Chart I

Operating Revenues (consolidated) - CEMIG GT
Values in million of Reais

Chart II

Operating Expenses (consolidated) - CEMIG GT
Values in millions of reais

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Chart III

Statement of Results (Consolidated) - CEMIG GT
Values in millions of reais

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3.             Market Announcement, Companhia Energética de Minas Gerais – CEMIG, May 21, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

LISTED COMPANY

CNPJ 17.155.730/0001-64

MARKET ANNOUNCEMENT

CEMIG (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid, in accordance with CVM Instruction 358 of January 3, 2002, as amended, hereby announces to the Brazilian Securities Commission (CVM), the São Paulo Stock, Commodities and Futures Exchange (BM&F Bovespa S.A.) and the market in general, that it will carry out preliminary studies, in conjunction with Companhia Energética de Brasília (CEB), with a view to expanding the partnership which currently exists in the form of the association that resulted in the construction of the Queimado Hydroelectric Plant.

This expansion, if it takes place, will seek to add value for both companies and for their shareholders. At the present moment it is not possible to foresee any specific form of cooperation in which this expansion might result.

Cemig, for the convenience of its shareholders, and obeying the best corporate governance practices, will keep the investor market informed of the developments of these negotiations.

Cemig reiterates its commitment to a continuous quest for returns and addition of value for its shareholders, present in all our investments, whether they are acquisitions or new projects.

Belo Horizonte, May 21, 2009

Luiz Fernando Rolla
Chief Officer for Finance, Investor Relations and Control of Holdings

Av. Barbacena 1200  Santo Agostinho  30190-131 Belo Horizonte, MG  Brazil  Tel.: +55 31 3506-5024  Fax +55 31 3506-5025

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4.                                                               Minutes of the Ordinary and Extraordinary General Meetings of Stockholders, Cemig Geração e Transmissão S.A., April 29, 2009

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Cemig Geração e Transmissão S.A.

CNPJ 06.981.176/0001-58 – NIRE 31300020550

MINUTES
OF THE

ORDINARY AND EXTRAORDINARY GENERAL MEETINGS OF
STOCKHOLDERS

HELD CONCURRENTLY ON
APRIL 29, 2009

At 5 p.m. on April 29, 2009, the stockholder Companhia Energética de Minas Gerais — Cemig, holder of all the shares in the Company, attended, on first convocation, in Ordinary and Extraordinary General Meeting, at the Company’s head office, at Av. Barbacena 1200, 12th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil, represented by the Chief Executive Officer, Djalma Bastos de Morais, and the Chief Officer for Finance, Investor Relations and Control of Holdings, Luiz Fernando Rolla, as verified in the Stockholders’ Attendance Book.

Also present were the Audit Board member Aliomar Silva Lima; KPMG Auditores Independentes, represented by Mr. Marco Túlio Fernandes Ferreira, CRC-MG 058176/O-0, and by Mr. Gustavo Fernandes Guimarães, CRC-MG 068539/O-1; and the Chief Officer José Carlos de Mattos.

Initially and in accordance with Clause 6 of the Bylaws, the representatives of the stockholder Companhia Energética de Minas Gerais – Cemig proposed the name of the Chief Trading Officer, Bernardo Afonso Salomão Guimarães, to chair the meeting. The proposal of the representative of the Stockholder Companhia Energética de Minas Gerais – Cemig was put to the vote, and approved.

The Chairman then declared the Meeting opened and invited me, Anamaria Pugedo Frade Barros, Superintendent of Cemig’s Corporate Secretariat, to be Secretary of the Meeting, requesting me to proceed to reading of the convocation notice, published in the newspapers Minas Gerais, official publication of the Powers of the State, on March 20, 21 and 24, O Tempo, on March 20, 21 and 22, and Gazeta Mercantil on March 20, 23 and 24 of this year, the content of which is as follows:

CEMIG GERAÇÃO E TRANSMISSÃO S.A.

LISTED COMPANY
CNPJ 06.981.176/0001-58 – NIRE 31300020550

ORDINARY AND EXTRAORDINARY GENERAL MEETINGS OF STOCKHOLDERS

CONVOCATION

The stockholder Companhia Energética de Minas Gerais is hereby called to the Ordinary and Extraordinary General Meetings of Stockholders, to be held, concurrently, on April 29, 2009, at 5 p.m., at Av. Barbacena 1200, 12th Floor, B1 Wing, in the city of Belo Horizonte, Minas Gerais, Brazil, to decide on the following matters:

1                  Examination, debate and voting on the Report of Management and the Financial Statements for the year ended December 31, 2008, and also the respective complementary documents.

2                  Allocation of the net profit for the year 2008, in the amount of R$ 985,753,000 Reais, and the balance in the Retained Earnings account, in the amount of R$ 24,830,000 Reais, in accordance with Article 192 of Law 6404, of December 15, 1976, as amended.

3                  Decision on the form and date of payment of the obligatory dividend, in the amount of R$ 517,707,000 Reais.

Av. Barbacena, 1200 12º andar - Santo Agostinho - CEP 30190-131
Belo Horizonte - MG - Brasil - Fax (0XX31)3506-5025 - Tel.: (0XX31)3506-5024

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4                  Modification of the drafting of Clause 20 of the Bylaws, to authorize the Board of Directors to decide on raising interim financial statements for periods of six months or for shorter periods.

5                  Modification of the drafting of Clause 22 of the Bylaws for inclusion of payment of interim dividends or multiple interim dividends.

6                  Alteration of the drafting of Clause 23 of the Bylaws, to exclude its sole sub-paragraph, so as to include provision for payment of Interest on Equity also in substitution of dividends.

7                  Election of the sitting and substitute members of the Audit Board.

8                  Change in the composition of the Board of Directors, if there is alteration in the composition of the Board of Directors of Cemig.

Belo Horizonte, March 18, 2009.

Sérgio Alair Barroso

Chairman of the Board of Directors.”

In accordance with Item 1 of the agenda the Chairman then placed in debate the Report of Management and the Financial Statements for the year ended December 31, 2008, and the respective complementary documents, explaining that they have been widely disclosed in the press, since they were placed at the disposal of stockholders by a notice published in the newspapers Minas Gerais, the official journal of the Powers of the State, on March 20, 21 and 24; O Tempo on March 20, 21 and 22; and Gazeta Mercantil, on March 20, 23 and 24 this year, and published in the same newspapers on April 16 of this year.

The Chairman then put to the vote the Report of Management and the Financial Statements for the year ended December 31, 2008, and the respective complementary documents, and they were approved.

Continuing the proceedings, the Chairman requested the Secretary to read the Proposal by the Board of Directors, which deals with Items 2 to 6 of the agenda, and the Opinion of the Audit Board thereon, the contents of which documents are as follows:

PROPOSAL

BY THE BOARD OF DIRECTORS TO THE
ORDINARY AND EXTRAORDINARY GENERAL MEETINGS OF STOCKHOLDERS
TO BE HELD, CONCURRENTLY, ON APRIL 29, 2009

To the Stockholder Companhia Energética de Minas Gerais – Cemig

The Board of Directors of Cemig Geração e Transmissão S.A.:

· in view of:

·                  Article 192 of Law 6404, of December 15, 1976 as amended, taken with Clauses 20 to 24 of the Bylaws, and the financial statements for 2008, which report Net profit of R$ 985,753,000 and balance of Retained Earnings of R$ 24,830,000;

·                  the fact that Clause 204 of that Law allows for payment of dividends for periods of less than one business year;

·                  the fact that when there is provision in the Bylaws, a corporation may raise financial statements within the business year and pay interim dividends and current-year dividends, based on those financial statements, upon decision by the Board of Directors, subject to the limits set by law;

·                  the definition of “interim dividends” as those which are paid during a business year on account of profits accumulated in the prior business year, whether globally, or whether corresponding only to the last six months of the year, and refer to financial statements already approved by the General Meeting of Stockholders; while current-year interim dividends are those which are paid on account of financial statements raised in a business year, even if paid in the subsequent year, but before approval of the financial statements by the General Meeting of Stockholders;

·                  the fact that the Company’s Bylaws, in the provisions relating to payment of dividends in periods shorter than one business year, provide for the raising of six-monthly financial statements or interim financial statements relating to shorter periods (Clause 20), and also provide for payment of interim

34

dividends, however only as Interest on Equity (Clause 23), there being no provision for payment of current-year interim dividends;

·                  the need to adapt the Company’s bylaws to establish the possibility of payment of interim dividends that are not in the form of Interest on Equity, and current-year interim dividends; and

·                  the fact that if there is a provision in the Bylaws, the Company will be able, upon decision by the Board of Directors, after raising financial statements within the business year, to pay interim dividends for the current year, based on these financial statements, subject to the limits set by law, which will facilitate the transfer of funds between the Company and its sole stockholder, Cemig –

· now proposes to you:

Appendix 1 gives a summary of the Cash Budget of Cemig Geração e Transmissão S.A. for 2009, approved by the Board of Directors, characterizing the inflow of funds and disbursements for compliance with the allocations of the profit for the year.

Appendix 2 summarizes the calculation of the dividends proposed by the Management, in accordance with the Bylaws.

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As can be seen, the objective of this proposal is to meet the legitimate interests of the stockholders and of the Company, for which reason it is the hope of the Board of Directors that you, the stockholders, will approve it.

Belo Horizonte, March 18, 2009.

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APPENDIX I

TO THE PROPOSAL FOR ALLOCATION OF THE PROFIT FOR THE BUSINESS YEAR 2008
MADE BY THE BOARD OF DIRECTORS TO THE
ORDINARY GENERAL MEETING OF STOCKHOLDERS TO BE HELD BY APRIL 30, 2009

Cemig Geração e Transmissão S.A. – Cash budget for 2009

(*) Approval as per Board meeting of December 16, 2008, with the following adjustments:

· Substitution of the initial balance by the actual amount at December 31, 2008;

· Substitution of Dividends and Interest on Equity by the amount of the proposal for payment of dividends to stockholders.

APPENDIX 2

TO THE PROPOSAL FOR ALLOCATION OF THE PROFIT FOR THE BUSINESS YEAR 2008
MADE BY THE BOARD OF DIRECTORS TO THE
ORDINARY GENERAL MEETING OF STOCKHOLDERS TO BE HELD BY APRIL 30, 2009

Cemig Geração e Transmissão S.A. – Calculation of proposed dividends

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“OPINION

OF THE AUDIT BOARD

The members of the Audit Board of Cemig Geração e Transmissão S.A., undersigned, in performance of their functions under the law and under the Bylaws, have examined the proposals made by the Board of Directors to the Ordinary and Extraordinary General Meetings of Stockholders to be held, concurrently, on April 29, 2009, for allocation of the net profit for the year of 2008, of R$ 985,753,000, and of the balance of Retained Earnings, in the amount of R$24,830,000, as follows:

1)              R$ 49,288,000, being 5% of the net profit, should be allocated to the Legal Reserve, in accordance with sub-clause “a” of the Sole sub-paragraph of Clause 21 of the Bylaws;

2)              R$ 492,877,000 should be allocated to payment of dividends, as follows:

a)           R$ 186,766,000 in the form of Interest on Equity, under the following decisions:

R$ 91,967,000, under CRD 280/2008, of June 25, 2008;

R$ 47,040,000, under CRD 497/2008, of September 24, 2008; and

R$ 47,759,000, under CRD 655/2007, of December 11, 2008;

b)           R$ 306,111,000 in the form of complementary dividends.

3)              R$ 24,830,000 should be allocated for payment of dividends using the balance of Retained Earnings arising from the adoption of Law 11638/2007.

4)              R$ 42,500,000 should be allocated for injection of capital into Baguari Energia S.A., in accordance with Board Spending Decisions (CRCAs) 014/2006 and 003/2009, of March 8, 2006 and January 27, 2009, respectively.

5)              R$ 23,000,000 should be allocated for injection of capital into Guanhães Energia S.A., in accordance with CRCA 042/2007, of June 18, 2007.

6)              R$ 4,070,000 should be allocated for injection of capital into Hidrelétrica Pipoca S.A., in accordance with CRCAs 034/2008 and 082/2008, of March 26 and August 29, 2008, respectively.

7)              R$ 57,767,000 should be allocated for injection of capital into Madeira Energia S.A., in accordance with CRCAs 082/2007 and 089/2007, of November 14 and November 30, 2007, respectively.

8)              R$ 52,714,000 should be allocated for injection of capital into Empresa Brasileira de Transmissão de Energia S.A. (EBTE), in accordance with CRCA 576/2008, of October 30, 2008.

9)              R$ 263,537,000 should be allocated to the Retained Earnings account, for use in payment of expenses, taxes and service of debt, according to the Cash Budget approved at the meeting of the Board of Directors held on December 16, 2008.

· the payments of dividends to be made in two installments, by June 30 and December 30, 2009, and these dates may be brought forward, in accordance with the availability of cash and at the option of the Executive Board.

· and after carefully analyzing the proposals referred to, and considering, further, that the legal rules applicable to the matter have been complied with, the opinion of the members of the Audit Board is in favor of their approval by those Meetings.

Belo Horizonte, March 18, 2009.

(Signed by:)

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The Chairman then put the Proposal made by the Board of Directors, relating to Items 2 to 6 of the agenda, to debate, and, subsequently, to the vote, and it was approved.

Continuing with the agenda, the Chairman then dealt with Item 7 of the agenda, explaining that the period of office of the sitting and substitute members of the Audit Board ended with today’s Meetings, and that a new election should thus be held for that Board, with a period of office of 1 (one) year, that is to say, up to the Ordinary General Meeting of Stockholders to be held in 2010.

Continuing, the Chairman stated that under Article 18 of the Bylaws, the sitting and substitute members of the Audit Board of this Company are the members of the Audit Board of the sole stockholder, Companhia Energética de Minas Gerais – Cemig.

Thus, and considering the election of the members of the Audit Board of the sole stockholder, at the Ordinary and Extraordinary General Meetings of Stockholders of that Company held today, concurrently, at 11 a.m., the represents of Companhia Energética de Minas Gerais – Cemig nominated the following persons to be members of the Audit Board:

Sitting members:

· and as their respective substitute members:

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The nominations for membership of the Audit Board made by the representatives of Companhia Energética de Minas Gerais – Cemig were put to debate and, subsequently, to the vote, and approved.

The elected Members of the Audit Board declared – in advance – that they are not subject to any prohibition on exercise of commercial activity, and assumed a solemn undertaking to become aware of, obey and comply with the principles, ethical values and rules established by the Code of Ethical Conduct of Government Workers and Senior Administration of the State of Minas Gerais.

The Chairman proceeded to Item 8 of the agenda, stating that the meeting should on this occasion decide on changes to the composition of the Board of Directors of Cemig GT, considering that:

1)         in accordance with the sole sub-paragraph of Clause 8 of the Bylaws, the members of the Board of Directors of this Company are, obligatorily, the same members of the Board of Directors of the sole stockholder, Companhia Energética de Minas Gerais (Cemig);

2)         That, as a result of the ending of the period of office of the Board of Directors of Companhia Energética de Minas Gerais – Cemig, new sitting and substitute members of the Board of Directors of that Company were appointed at the Ordinary and Extraordinary General Meetings of Stockholders held, concurrently, today at 11 a. m. N

As a result the representatives of the stockholder Companhia Energética de Minas Gerais – Cemig proposed, as to the composition of the Board of Directors:

1)              dismissal of the Board member Wilton de Medeiros Daher, due to his no longer being a member of the Board of the sole stockholder;

2)              transfer of Guy Maria Villela Paschoal — Brazilian, married, engineer, resident and domiciled at Belo Horizonte, Minas Gerais, at Rua Jornalista Djalma Andrade 210, Belvedere, CEP 30320-540, bearer of Identity Card M-616, issued by the Public Safety Department of the State of Minas Gerais, and CPF 000798806-06, from substitute member to sitting member.

3)              election of Cezar Manoel de Medeiros — Brazilian, married, economist, resident and domiciled in Belo Horizonte, Minas Gerais at Alameda Ipê Branco 68, Pampulha, CEP -, bearer of Identity Card M-, issued by the Public Safety Department of the State of Minas Gerais, and CPF, as substitute member for the Board member Guy Maria Villela Paschoal.

4)              that the above mentioned elections shall be to complete the same term of office that remains to the other sitting Members, that is to say, up to the Ordinary General Meeting of Stockholders to be held in 2010.

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The above-mentioned proposal of the representatives of the stockholder Companhia Energética de Minas Gerais – Cemig was put to the vote, and approved.

The Board Members elected declared – in advance – that they are not subject to any prohibition on exercise of commercial activity, that they do not occupy any post in a company which may be considered a competitor of the Company, and that they do not have nor represent any interest conflicting with that of Cemig GT, and assumed a solemn undertaking to become aware of, obey and comply with the principles, ethical values and rules established by the Code of Ethical Conduct of Government Workers and Senior Administration of the State of Minas Gerais.

The Chairman then explained that Companhia Energética de Minas Gerais has assigned, to each new member of the Board of Directors, as its fiduciary agent, one single share owned by itself, for the period for which such members remain as members of the Board of this Company, solely and exclusively to comply with the requirement that the members of the Board of Directors must be shareholders of the Company. He said that, once the Board Members had completed their period of office or if they were dismissed from their positions, the shares granted to them shall be automatically transferred back to Cemig, without there being any need whatsoever for signature by the Board Members in question, and that the fiduciary nature of the assignment of the shares is based on the legal principle that determines that a person who receives an asset, in this case, the share, has the commitment to restitute it in a certain event, in this case, the end of the term of office, or leaving office, or being dismissed from it.

The Chairman then stated that the Board of Directors of the Company is now as follows:

The Chairman then stated that the publications by Cemig GT specified in Law 6404 of December 15, 1976, as amended, and in CVM Instruction 232 of February 10, 1995, will be made not only in the newspaper Minas Gerais, the official publication of the Powers of the State, but also in O Tempo and Valor Econômico, without prejudice to possible publication in other newspapers.

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Finally, he stated that, since the selection of the newspapers O Tempo and Valor Econômico arises from the result of Electronic Auction 500-H 90565, legal appeals may be presented to the Company within a period of five business days, which could alter the said result of the tender process. In this event, Cemig GT will publish a Notice to Stockholders stating the new newspapers for the publication specified in the above-mentioned Law.

The meeting being opened to the floor, and since no-one else wished to make any statement, the Chairman ordered the session adjourned for the time necessary for the writing of the minutes. The session being reopened, the Chairman, after putting the said minutes to debate and to the vote and verifying that they had been approved and signed, closed the meeting.

For the record, I, Anamaria Pugedo Frade Barros, Secretary, wrote these minutes and sign them together with all those present.

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5.                                       Summary of Decisions of the 459th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, May 26, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG
Listed Company
CNPJ 17.155.730/0001-64
NIRE 31300040127

SUMMARY OF DECISIONS OF THE 459th MEETING OF THE BOARD OF DIRECTORS

At its 459th meeting, held on May 26, 2009, the Board of Directors of Companhia Energética de Minas Gerais approved the following matters:

1.     Re-election of Mr. Sergio Alair Barroso as Chairman and Mr. Djalma Bastos de Morais as Vice-Chairman of the Board of Directors, with period of office until the Annual General Meeting of 2012.

2.     Re-appointment of the present members of the Executive Board, with period of office until the first meeting of the Board of Directors following the Annual General Meeting of 2012 – as follows:

3.     Alteration of the memberships of the Board Support Committee, the Corporate Governance Committee, the Strategy Committee, and the Finance Committee.

4.     Increase of the registered capital, and orientation of vote at a General Meeting of Stockholders of Gasmig.

5.     Appointments of Chief Officers of Cemig to the management of ECTA (Empresa Catarinense de Transmissão de Energia S.A.).

6.     Appointment of Chief Officers of Cemig to the management of Gasmig (Companhia de Gás de Minas Gerais).

Av. Barbacena 1200  Santo Agostinho  30190-131 Belo Horizonte, MG  Brazil  Tel.: +55 31 3506-5024  Fax +55 31 3506-5025

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7.     Appointment of Chief Officers of Cemig to the management of Transchile Charrúa Transmisión S.A.

8.     Signing of an amendment between Cemig, Sá Carvalho S.A. and Arcelor Mittal Inox Brasil S.A.

9.     Signing of a commitment undertaking between the Minas Gerais Forests Institute (IEF), the Public Attorneys’ Office, Cemig and Cemig GT.

10.   Rental of the real estate property at Av. Barbacena 1200, Belo Horizonte, Minas Gerais.

11.   Signing of a confidentiality agreement between Cemig, Cemig D, Cemig GT and representatives of insurance companies.

12.   Appointment of Hirashima & Associados Consultoria em Transações Societárias Ltda., to prepare a Valuation Opinion on the assets of Terna Participações S.A. and an Economic-financial Valuation of the assets of Terna Participações S.A. prepared by Hirashima & Associados Consultoria em Transações Societárias Ltda.

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6.                                                               Summary of Principal Decisions of the 91st Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., May 26, 2009

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CEMIG GERAÇÃO E TRANSMISSÃO S.A.

Listed company – CNPJ 06.981.176/0001-58

Summary of principal decisions

At its 91st meeting, held on May 26, 2009, the Board of Directors of Cemig Geração e Transmissão S.A. approved the following matters:

1.               Annual Social and Environmental Responsibility Report of Cemig GT.

2.               Contracting of financing for feasibility studies on areas of hydroelectric potential.

3.               Signing of a contract for connection to the transition system with the UHE Baguari Consortium.

4.               Signing of a commitment undertaking between the Minas Gerais Forests Institute (IEF), the Public Attorneys’ Office, Cemig and Cemig GT.

5.               Signing of a working agreement between the Minas Gerais State Forests Institute (IEF), Gasmig, Cemig D and Cemig GT.

6.               Rental of the real estate property at Av. Barbacena 1200, Belo Horizonte, Minas Gerais.

7.               Signing of a confidentiality agreement between Cemig, Cemig D, Cemig GT and representatives of insurance companies.

8.               Orientation of the vote of the representative of Cemig GT in Extraordinary General Meeting of Stockholders and increase in the capital of Hidrelétrica Pipoca S.A.

9.               Appointment of Hirashima & Associados Consultoria em Transações Societárias Ltda., to prepare a Valuation Opinion on the assets of Terna Participações S.A. and an Economic-financial Valuation of the assets of Terna Participações S.A. prepared by Hirashima & Associados Consultoria em Transações Societárias Ltda.

10.         Alteration of the members of the Board Support Committee; the Corporate Governance Committee; the Strategy Committee; and the Finance Committee.

Av. Barbacena 1200  Santo Agostinho  30190-131 Belo Horizonte, MG  Brazil  Tel.: +55 31 3506-5024  Fax +55 31 3506-5025

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7.                                                               Summary of Principal Decisions of the 88th Meeting of the Board of Directors, Cemig Distribuição S.A., May 26, 2009

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CEMIG DISTRIBUIÇÃO S.A.

Listed Company

CNPJ 06.981.180/0001-16

Summary of principal decisions

At its 88th meeting, held on May 26, 2009, the Board of Directors of Cemig Distribuição S.A. approved the following matters:

1.               Annual Social and Environmental Responsibility Report of Cemig D.

2.               Energy Efficiency Program: appointment of manager.

3.               Signing of a working agreement between the Minas Gerais State Forests Institute (IEF), Gasmig, Cemig D and Cemig GT.

4.               Signing of a debt acknowledgement and agreement undertaking between Efficientia S.A. and Companhia Siderúrgica Pitangui S.A., with Cemig D and Rio Rancho Agropecuária S.A. as consenting parties.

5.               Signing of an amendment to a performance contract between Efficientia S.A. and Companhia Siderúrgica Pitangui S.A., with Cemig D and Rio Rancho Agropecuária S.A. as consenting parties.

6.               Signing of a technical and financial co-operation working agreement between Cemig D and the Minas Gerais State Historic and Artistic Heritage Institute (Instituto Estadual do Patrimônio Histórico e Artístico de Minas Gerais), with the Minas Gerais state culture department as consenting party.

7.               Rental of the real estate property at Av. Barbacena 1200, Belo Horizonte, Minas Gerais.

8.               Signing of a confidentiality agreement between Cemig, Cemig D, Cemig GT and representatives of insurance companies.

9.               Alteration of the members of the Board Support Committee; the Corporate Governance Committee; the Strategy Committee; and the Finance Committee.

Av. Barbacena 1200  Santo Agostinho  30190-131 Belo Horizonte, MG  Brazil  Tel.: +55 31 3506-5024  Fax +55 31 3506-5025

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8.                                                               Presentation, XIV Annual Meeting, CEMIG–APIMEC, “Guidance,” 2009–2012

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9.                                                               Presentation, XIV Annual Meeting, CEMIG–APIMEC, “Supply and Demand, CEMIG GT”

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10.                                                         Minutes of the Extraordinary General Meeting of Stockholders, Companhia Energética de Minas Gerais – CEMIG, May 28, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

CNPJ 17.155.730/0001-64 – NIRE 31300040127

MINUTES
OF THE EXTRAORDINARY GENERAL MEETING OF STOCKHOLDERS

HELD ON MAY 28, 2009

At 11 a.m. on May 28, 2009, stockholders representing more than two-thirds of the voting stock of Companhia Energética de Minas Gerais – Cemig met in Extraordinary General Meeting at its head office, on first convocation, at Av. Barbacena 1200, 18th Floor, Belo Horizonte, Minas Gerais, Brazil, as verified in the Stockholders’ Attendance Book, where all those present signed and made the required statements. The stockholder The State of Minas Gerais was represented by Mr. José Bonifácio Borges de Andrada, General Attorney for the State of Minas Gerais, in accordance with the legislation currently in force.

Initially, Ms. Anamaria Pugedo Frade Barros, Superintendent of Cemig’s Corporate Executive Secretariat, informed those present that there was a quorum for the Extraordinary General Meeting of Stockholders.

She further stated that the stockholders present should choose the Chairman of this Meeting, in accordance with Clause 10 of the Company’s Bylaws. Asking for the floor, the representative of the Stockholder State of Minas Gerais put forward the name of the stockholder Djalma Bastos de Morais to chair the Meeting. The proposal of the representative of the Stockholder State of Minas Gerais was put to debate, and to the vote, and unanimously approved.

The Chairman then declared the Meeting open, noting the presence of the representative of Hirashima & Associados Consultoria em Transações Societárias Ltda., and invited me, Anamaria Pugedo Frade Barros, a stockholder, to be Secretary of the Meeting, requesting me to read the convocation notice, published in the newspapers Minas Gerais, official publication of the Powers of the State, on May 9, 12 and 13 of this year, O Tempo, on May 9, 10 and 11, and Valor Econômico on May 11, 12 and 13 of this year, the content of which is as follows:

“ COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

LISTED COMPANY
CNPJ 17.155.730/0001-64 – NIRE 31300040127

EXTRAORDINARY GENERAL MEETING OF STOCKHOLDERS:
CONVOCATION

Stockholders are hereby called to an Extraordinary General Meeting of Stockholders to be held on May 28, 2009 at 11 a.m. at the company’s head office, Av. Barbacena 1200, 18th floor, in the city of Belo Horizonte, Minas Gerais, to decide on the following matters:

1                  To approve the appointment of the specialized company Hirashima & Associados Consultoria em Transações Societárias Ltda. for preparation of a Valuation Opinion on the assets of Terna Participações S.A.

2                  To approve the Opinion on the economic-financial Valuation of Terna Participações S.A. prepared by Hirashima & Associados Consultoria em Transações Societárias Ltda. in April 2009, with base-date December 31, 2008, in accordance with Article 8, §1 and §6, of Law 6404/1976.

3                  To ratify signature by Cemig, as consenting party and guarantor of all the obligations of Cemig Geração e Transmissão S.A. (Cemig GT), of the Share Purchase Agreement between Cemig GT and Terna S.p.A., for the acquisition of 173,527,113 common shares in Terna Participações S.A.

Av. Barbacena  1200 Santo Agostinho  30190-131 Belo Horizonte, MG  Brazil  Tel.: +55 31 3506-5024  Fax +55 31 3506-5025