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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 September 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

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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.

Date:  September 17, 2009

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1.                                                                                       Summary of Principal Decisions of the 465th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, August 27, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Board Meeting of August 27, 2009:

Summary of principal decisions

At its 465th meeting, held on August 27, 2009, the Board of Directors of Companhia Energética de Minas Gerais decided the following:

1.               Withdrawal of sponsorship of the Defined Benefit (“BD”) Plan of Forluz.

2.               Increase in the registered capital of Cemig Serviços S.A. from R$ 10,000.00 to R$ 100,000.00.

3.               Dissolution of the Strategic Technology Management Centre – CGET.

4.               Concession of a guarantee for an issue of promissory notes and non-convertible debentures for Cemig GT / Re-ratification of Board Spending Decision (CRCA).

5.               Contracting of transmission capacity and corporate voice and data services with Infovias.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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2.                                                                                       Summary of Principal Decisions of the 97th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., August 27, 2009

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CEMIG GERAÇÃO E TRANSMISSÃO S.A.

Listed Company

CNPJ 06.981.176/0001-58

NIRE 31300020550

Board meeting of August 27, 2009:

Summary of principal decisions

At its 97th meeting, held on August 27, 2009, the Board of Directors of Cemig Geração e Transmissão S.A. decided the following:

1.               Signing of contracts for leasing of rural real estate properties in the municipalities of Grão Mogol and Francisco Sá.

2.               Incentive-bearing donation – 2009 Values of Minas (Valores de Minas) Project.

3.               Dissolution of the Strategic Technology Management Centre – CGET.

4.               Withdrawal of sponsorship of the Defined Benefit (“BD”) Plan of Forluz.

5.               Issue of promissory notes and non-convertible debentures / Re-ratification of Board Spending Decision (CRCA).

6.               Contracting of transmission capacity and corporate voice and data services with Infovias.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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3.                                                                                       Summary of Principal Decisions of the 91st Meeting of the Board of Directors, Cemig Distribuição S.A., August 27, 2009

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CEMIG DISTRIBUIÇÃO S.A.

Listed Company

CNPJ 06.981.180/0001-16

Board Meeting of August 27, 2009:

Summary of principal decisions

At its 91st meeting, held on August 27, 2009, the Board of Directors of Cemig Distribuição S.A. decided the following:

1.               Signing of an amendment to a performance contract with Efficientia S.A. and Cisam Siderurgia Ltda.

2.               Incentive-bearing donation – 2009 Vitasopa Project.

3.               Dissolution of the Strategic Technology Management Centre – CGET.

4.               Withdrawal of sponsorship of the Defined Benefit (“BD”) Plan of Forluz.

5.               Contracting of transmission capacity and corporate voice and data services with Infovias.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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4.                                                                                       Minutes of the Extraordinary General Meeting of Stockholders, Companhia Energética de Minas Gerais – CEMIG, August 26, 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 AUGUST 26, 2009

At 11 a.m. on August 26, 2009, stockholders representing more than two-thirds of the voting stock of Companhia Energética de Minas Gerais – Cemig met in Extraordinary General Meeting, on first convocation, at the Company’s head office, 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. Marco Antônio Rebelo Romanelli and Mr. Moacyr Lobato de Campos Filho, both of the office of the General Attorney for the State of Minas Gerais, in accordance with the legislation.

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 then 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 The State of Minas Gerais put forward the name of the stockholder Arlindo Porto Neto to chair the Meeting. The proposal of the representative of the stockholder The State of Minas Gerais was put to debate, and to the vote, and unanimously approved.

The Chairman then declared the meeting open, inviting me, Anamaria Pugedo Frade Barros, a stockholder, to be Secretary of the meeting, and asked me to read the convocation notice, published in the newspapers Minas Gerais, official publication of the Powers of the State, O Tempo, and Valor Econômico on August 7, 11 and 12 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 August 26, 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:

Ratification of the authorization given by the Board of Directors to Cemig GT permitting Cemig GT to:

a)              to reduce its stockholding in Terna Participações S.A., to a minimum level of 50% less 1 (one) of the common shares, and, as to the preferred shares, to the percentage realized by the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP (Equity Investment Fund) to be subscribed to meet the above-mentioned requirement; and

b)              to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT;

authorization to the Company’s representative in the Extraordinary General Meeting of Stockholders of Cemig GT to vote in favor of the ratification of the decision by the Board of Directors of Cemig GT authorizing Cemig GT to reduce its stockholding participation in Terna Participações S.A. to a minimum of 50% less 1 (one) common share and, as to the preferred shares, to a minimum corresponding to the percentage realized by the Public Offer to Purchase

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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Shares, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units to this FIP (Equity Investment Fund) to be subscribed to meet the above mentioned requirements; and

authorization for Cemig GT to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT.

Any stockholder who wishes to be represented by proxy at the said General Meeting of Stockholders should obey the terms of Article 126 of Law 6406/1976, as amended, and the sole paragraph of Clause 9 of the Company’s Bylaws, depositing, preferably by August 24, 2009, proofs of ownership of the shares, issued by a depositary financial institution, and a power of attorney with special powers, at Cemig’s Corporate Executive Secretariat Office at Av. Barbacena, 19th floor, B1 Wing, Belo Horizonte, Minas Gerais, or showing them at the time of the meeting.

Belo Horizonte, August 05, 2009.

Sergio Alair Barroso – Chairman of the Board of Directors”.

Before the items on the agenda of this meeting were put to debate and to the vote, the representative of the stockholder Southern Electric Brasil Participações Ltda. stated that the changes in the Bylaws made by the Extraordinary General Meeting of Stockholders of October 25, 1999, and also the subsequent alterations, were approved only by virtue of the suspension of the Stockholders’ Agreement, by decision of the Courts, and were thus provisional and precarious. He stated that hence the acts and operations practiced or submitted to approval by the management bodies of Cemig, supported by the said changes in the Bylaws made under the protection of the Court decision in force today, may, at any moment, be reviewed and withdrawn from the world of legal existence. On this question, the representatives of the stockholder the State of Minas Gerais reminded the meeting that the court judgment that annulled the Stockholders’ Agreement signed between the State of Minas Gerais and Southern Electric Brasil Participações Ltda. no longer has an interim or provisional character. It is, they said, a decision on the merit and it is thus a case not of suspension but of annulment. They added that there is already in existence a judgment on the merit that annuls the Stockholders’ Agreement, confirmed by the Appeal Court of the State of Minas Gerais. They further explained that the decisions of this Meeting can take into account only what exists at the present moment, and that it would be irresponsible not to vote on matters, in expectation of Court decisions, since, in reality, the said Stockholders’ Agreement, by force of Court judgment, cannot produce any effects, and the decisions taken are being taken within strict compliance with the Court decision. Finally, they noted that the Extraordinary and Special Appeals brought by Southern have not been admitted by the Vice-chairman of the Minas Gerais Appeal Court, and that the Higher Appeal Court refused the interlocutory and special appeals brought by Southern, thus underlining and reinforcing the legal situation already stated by the Minas Gerais Appeal Court, that is to say, inefficacy of the Stockholders’ Agreement subject of the action.

Again taking the floor, the representative of Southern Electric Brasil Participações Ltda. stated that the Interlocutory Appeal brought against the dispatch denying the Extraordinary Appeal is awaiting judgment in proceedings in the Federal Supreme Court.

Continuing with the business of the meeting, the Chairman requested the Secretary to proceed to reading of the Proposal of the Board of Directors, which deals with the matter that is on the agenda, the content of which document is as follows:

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Dear Stockholders:

whereas –

a)              on April 23, 2009, in accordance with Board Spending Decision (CRCA) 030/2009, the Board of Directors authorized the company, subject to approval by the Extraordinary General Meeting of Stockholders, to sign a Share Purchase Agreement with TERNA S.p.A., in which Companhia Energética de Minas Gerais – Cemig (“Cemig”) – is consenting party and guarantor of all the obligations of Cemig GT, for the acquisition of 173,527,113 (one hundred and seventy three million, five hundred and twenty seven thousand, one hundred and thirteen) common shares in Terna Participações S.A., being 85.27% of the voting stock and 65.86% of the total stock of Terna Participações S.A., for the amount of R$ 13.43 per share, in the total amount of R$ 2,330,469,127.59 (two billion, three hundred and thirty million, four hundred and sixty nine thousand, one hundred and twenty seven Reais and fifty nine centavos), less any amounts distributed as dividends by Terna Participações S.A. up to the date of closing of the acquisition transaction;

b)             also on April 23, 2009, the Board of Directors authorized that in the event of it being found to be convenient or of interest to reduce the Company’s interest in the registered capital of Terna Participações S.A., for strategic and/or financial reasons, and provided the public interest was served, as long as this took place before the date of closing of the transaction and transfer of the ownership of the shares, Cemig GT, by a new decision of the Board of Directors, could constitute a new partnership with a duly qualified partner, in such a way as to maintain a stockholding interest of a minimum of 50% less 1 (one) of the common shares and 50% plus 1 (one) of the preferred shares in Terna Participações S.A., thus reestablishing the stockholding structure negotiated in the previous partnership with Neoenergia S.A., in accordance with CRCA 030/2009;

c)              on April 23, 2009 the Contract for Purchase of Shares in Terna Participações S.A. was signed, providing in its Clause 10.4 for the possibility that the Company, at its exclusive option and without the need for consent of the Vendor, may assign the contract and all its rights and obligations to any one of its affiliates or to any Party whether or not controlled by the Purchaser or by Cemig, provided that the obligations of the assignee in question are guaranteed by Cemig;.

d)             Extraordinary General Meetings of Cemig and of Cemig GT held on May 28, 2009 ratified the approval of the acquisition of stockholding control of Terna Participações S.A., in the terms of Article 256 of Law 6404/1976 and in the terms of the vote of the Company’s controlling stockholder, the State of Minas Gerais, given on the basis of the decision of the State’s General Coordination, Planning, Management and Finance Chamber;

e)              as a result of the restraints on credit to the public sector, the Brazilian Development Bank (BNDES), creditor of some concession holders controlled by Terna Participações S.A., has indicated that it would not agree to the transfer of control of Terna Participações S.A. to any company in the public sector;

f)                the Share Purchase Agreement states that the closing of the transaction is not conditional upon the consent of the BNDES and onlending banks;

g)             with the transfer of the control of Terna Participações S.A. to Cemig GT as sole purchaser, early maturity will occur on the debts to the BNDES and other banks, in the amount of R$ 1.1 billion;

h)             to avoid an outcome in which the BNDES and the other banks declare early maturity and application of the contractual penalties as a result of the transfer of control of Terna Participações S.A. solely to Cemig GT, the debts to the BNDES will have to be settled on the closing date, using funds arising from raising of new debt, at a higher cost;

i)                 the additional disbursement of the amount of the debts to the BNDES and other banks is not of interest to the Company, due to the various opportunities for acquisition that are currently being evaluated by Cemig;

j)                 the Company has analyzed the possibility of sharing the acquisition of Terna Participações S.A. with a financial partner, which would acquire part of the shares and would have an option to sell such shares to Cemig GT with a guaranteed minimum remuneration, which financial partner would be an Equity Investment Fund (FIP), the unit holders of which would be pension funds and other institutional investors interested in taking part in projects that are already in operation, with low performance risk, undertaken by a company with proven operational excellence, and in receiving a profitability higher than their actuarial targets, in a scenario of reduced interest rates;

k)              this partnership, as well as making possible the creation of a base structure to leverage new investments, providing the joint benefits of growth and maintenance of indebtedness capacity, would allow the debt contracted by Terna Participações S.A. with the BNDES to be maintained, since Terna Participações S.A. and its wholly-owned and other subsidiaries would not become “state companies”;

l)                 Banco Modal has constituted an Equity Investment Fund (FIP) named Coliseu, which has been registered with the Securities Commission (CVM) and is in the phase of distribution of its units, which aims to bring

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together qualified interested parties, notably pension funds, to invest in the electricity sector, which intends to participate with a minimum holding of 50% + 1 common share in the registered capital of Terna Participações S.A.;

m)           there is need for ratification of the authorization given by the Board of Directors on August 5, 2009,

(i)            for Cemig GT to reduce its stockholding in Terna Participações S.A. to a minimum of 50% less 1 (one) common share and, in relation to the preferred shares, to a minimum equivalent to the percentage realized in the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP to be subscribed to meet the above mentioned requirement; and

(ii)           for Cemig GT to grant to FIP Coliseu the right to sell the whole of FIP Coliseu’s stockholding interest in Terna Participações S.A., in the fifth year following its entry, upon payment of the net amounts of capital invested net of the dividends and benefits received by FIP Coliseu in the acquisition of Terna Participações S.A., adjusted by the variation in the IPCA inflation index + 7% p.a.;

·                 the Board of Directors of Companhia Energética de Minas Gerais – Cemig – proposes to you the following:

1-              Ratification of the authorization given by the Board of Directors to Cemig GT permitting that company:

a)              to reduce its stockholding in Terna Participações S.A., to a minimum level of 50% less 1 (one) of the common shares, and, as to the preferred shares, to the percentage realized by the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP (Equity Investment Fund) to be subscribed to meet the above-mentioned requirement; and

b)             to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT, in the fifth year after its entry, upon payment of the net amounts injected, net of the dividends and benefits received by FIP Coliseu in the acquisition of Terna Participações S.A., adjusted by the variation of the IPCA inflation index +7% p.a.

2-              Authorization to the Company’s representative in the Extraordinary General Meeting of Stockholders of Cemig GT to vote in favor of the ratification of the decision by the Board of Directors of Cemig GT authorizing Cemig GT to reduce its stockholding participation in Terna Participações S.A. to a minimum of 50% less 1 (one) common share and, as to the preferred shares, to a minimum corresponding to the percentage realized by the Public Offer to Purchase Shares, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of that FIP (Equity Investment Fund) to be subscribed to meet the above mentioned requirements; and

authorization for Cemig GT to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT, in the fifth year after its entry, upon payment of the amounts of capital invested net of the dividends and benefits received by FIP Coliseu in the acquisition of Terna Participações S.A. adjusted by the variation in the IPCA Inflation Index +7% p.a.

Belo Horizonte, August 5, 2009,

The Chairman then put the Board of Directors’ Proposal to this Meeting to debate, and, subsequently, to the vote, and it was approved by majority of votes,

·                  the representatives of the stockholder The State of Minas Gerais stating that they re-ratified the decision taken in the Extraordinary General Meeting of Stockholders of May 28, 2009 to authorize reduction of the holding of Cemig Geração e Transmissão S.A. in the business of Terna Participações S.A. to a minimum level of 50% (fifty percent) minus one common share, and by up to 100% (one hundred percent) of the preferred shares of the Company; and

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The Norges Bank fund voted against both items of the proposal, and the following funds voted against Item 1 of the proposal:

Schwab Fundamental Emerging Markets Index Fund,

Natixis International Funds (Lux) I,

State Street Emerging Markets,

The Future Fund Board of Guardians,

The Master Trust Bank of Japan Ltd. Re MTBC400035147,

Vanguard Total World Stock Index Fund-A Series of Vanguard International Equity Index Funds,

Vanguard FTSE All-World Ex-US Index Fund-A Series of Vanguard International Equity index Funds,

The Monetary Authority of Singapore,

Wells Fargo Master Trust Diversified Stock Portfolio,

ING Wisdomtree Global High-Yielding Equity Index Portfolio, and

John Hancock Trust Disciplined Diversification Trust.

The meeting was opened to the floor, and since no-one else wished to speak, the Chairman ordered the session suspended for the time necessary for the writing of the minutes.

The session having been 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 those present.

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5.                                                                                       Minutes of the Extraordinary General Meeting of Stockholders, Cemig Geração e Transmissão S.A., August 26, 2009

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CEMIG GERAÇÃO E TRANSMISSÃO S.A.

CNPJ 06.981.176/0001-58 – NIRE 31300020550

MINUTES

OF THE

EXTRAORDINARY GENERAL MEETING OF STOCKHOLDERS

HELD ON AUGUST 26, 2009

At 4 p.m. on August 26, 2009, the stockholder Companhia Energética de Minas Gerais, holder of 100% of the company’s stock, attended in Extraordinary General Meeting, on first convocation, at the Company’s head office, Av. Barbacena 1200, 12th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil, represented by its Chief Executive Officer, Arlindo Porto Neto, as verified in the Stockholders’ Attendance Book.

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 was put to the vote, and approved. The Chairman then declared the meeting open and invited me, Anamaria Pugedo Frade Barros, Superintendent of Cemig’s Corporate Executive Secretariat, 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, O Tempo, and Valor Econômico on August 7, 11 and 12 of this year, the content of which is as follows:

The stockholder Companhia Energética de Minas Gerais is hereby called to an Extraordinary General Meeting of Stockholders to be held on August 26, 2009 at 4 p.m. at Av. Barbacena 1200, 12th floor, in the city of Belo Horizonte, Minas Gerais, to decide on:

Ratification of the authorization by the Board of Directors for Cemig GT:

to reduce its stockholding in Terna Participações S.A., to a minimum level of 50% less 1 (one) of the common shares, and, as to the preferred shares, to the percentage realized by the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP (Equity Investment Fund) to be subscribed to meet the above-mentioned requirement; and,

to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT.

Belo Horizonte, August 5, 2009.

(Signed:) Sergio Alair Barroso

Chairman of the Board of Directors      ”

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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Continuing with the business of the meeting, the Chairman requested the Secretary to read the Board of Directors’ Proposal, dealing with the matter that is on the agenda, the content of which document is as follows:

To the stockholder Companhia Energética de Minas Gerais:

Whereas –

a)              on April 23, 2009, in accordance with Board Spending Decision (CRCA) 030/2009, the Board of Directors authorized the company, subject to approval by the Extraordinary General Meeting of Stockholders, to enter into the Share Purchase Agreement with TERNA S.p.A., in which Companhia Energética de Minas Gerais – Cemig (“Cemig”) – is consenting party and guarantor of all the obligations of Cemig GT, for the acquisition of 173,527,113 (one hundred and seventy three million, five hundred and twenty seven thousand, one hundred and thirteen) common shares in Terna Participações S.A., being 85.27% of the voting stock and 65.86% of the total stock of Terna Participações S.A., for the amount of R$ 13.43 per share, in the total amount of R$ 2,330,469,127.59 (two billion, three hundred and thirty million, four hundred and sixty nine thousand, one hundred and twenty seven Reais and fifty nine centavos), less any amounts distributed as dividends by Terna Participações S.A. up to the date of closing of the acquisition transaction.

b)             also on April 23, 2009, the Board of Directors authorized that in the event of it being found to be convenient or of interest to reduce the Company’s interest in the registered capital of Terna Participações S.A., for strategic and/or financial reasons, and provided the public interest was served, as long as this took place before the date of closing of the transaction and transfer of the ownership of the shares, Cemig GT, by a new decision of the Board of Directors, could constitute a new partnership with a duly qualified partner, in such a way as to maintain a stockholding interest of a minimum of 50% less 1 (one) of the common shares and 50% plus 1 (one) of the preferred shares in Terna Participações S.A., thus re-establishing the stockholding structure negotiated in the previous partnership with Neoenergia S.A., in accordance with CRCA 030/2009;

c)              on April 23, 2009 the Contract for Purchase of Shares in Terna Participações S.A. was signed, providing in its Clause 10.4 for the possibility that the Company, at its exclusive option and without the need for consent of the Vendor, may assign the contract and all its rights and obligations to any one of its affiliates or to any of its affiliated companies or to any Party whether or not controlled by the Purchaser or by Cemig, provided that the obligations of the assignee in question are guaranteed by Cemig;

d)             Extraordinary General Meetings of Cemig and of Cemig GT held on May 28, 2009 ratified the approval of the acquisition of stockholding control of Terna Participações S.A., in the terms of Article 256 of Law 6404/1976 and in the terms of the vote of the Company’s controlling stockholder, the State of Minas Gerais, given on the basis of the decision of the State’s General Coordination, Planning, Management and Finance Chamber;

e)              as a result of the restraints on credit to the public sector, the Brazilian Development Bank (BNDES), creditor of some concession holders controlled by Terna Participações S.A., has indicated that it would not agree to the transfer of control of Terna Participações S.A. to any company in the public sector;

f)                the Share Purchase Agreement states that the closing of the transaction is not conditional upon the consent of the BNDES and onlending banks;

g)             with the transfer of the control of Terna Participações S.A. to Cemig GT as sole purchaser, early maturity will occur on the debts to the BNDES and other banks, in the amount of R$ 1.1 billion;

h)             to avoid an outcome in which the BNDES and the other banks declare early maturity and application of the contractual penalties as a result of the transfer of control of Terna Participações S.A. to Cemig GT alone, the debts to the BNDES will have to be settled on the closing date, using funds arising from raising of new debt, at a higher cost;

i)                 the additional disbursement of the amount of the debts to the BNDES and other banks is not of interest to the Company, due to the various opportunities for acquisition that are currently being evaluated by Cemig;

j)                 the Company has analyzed the possibility of sharing the acquisition of Terna Participações S.A. with a financial partner, which would acquire part of the shares and would have an option to sell such shares to Cemig GT with a guaranteed minimum remuneration, which financial partner would be an Equity Investment Fund (FIP), the unit holders of which would be pension funds and other institutional investors interested in taking part in projects that are already in operation, with low performance risk, by a company with proven operational

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excellence, and in receiving a profitability higher than their actuarial targets, in a scenario of reduction of interest rates;

k)              this partnership, as well as making possible the creation of a base structure to leverage new investments, providing the joint benefits of growth and maintenance of indebtedness capacity, would allow the debt contracted by Terna Participações S.A. with the BNDES to be maintained, since Terna Participações S.A. and its wholly-owned and other subsidiaries would not become “state companies”;

l)                 Banco Modal has constituted an Equity Investment Fund (FIP) named Coliseu, which has been registered with the Securities Commission (CVM) and is in the phase of distribution of its units, which aims to bring together qualified interested parties, notably pension funds, to invest in the electricity sector, which intends to participate with a minimum holding of 50% + 1 of the common shares in the registered capital of Terna Participações S.A.;

m)           there is need for ratification of the authorization given by the Board of Directors on August 5, 2009,

(i)             for Cemig GT to reduce its stockholding in Terna Participações S.A. to a minimum of 50% less 1 (one) common share and, in relation to the preferred shares, to a minimum equivalent to the percentage realized in the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP to be subscribed to meet the above mentioned requirement; and

(ii)          for Cemig GT to grant to FIP Coliseu the right to sell the whole of FIP Coliseu’s stockholding interest in Terna Participações S.A., in the fifth year following its entry, upon payment of the net amounts of capital invested net of the dividends and benefits received by FIP Coliseu in the acquisition of Terna Participações S.A., adjusted by the variation in the IPCA inflation index + 7% p.a.;

·                 the Board of Directors of Cemig Geração e Transmissão S.A. (“Cemig GT”) thus proposes to you:

Ratification of the authorization given by the said Board of Directors for Cemig GT:

to reduce its stockholding in Terna Participações S.A., to a minimum level of 50% less 1 (one) of the common shares, and, as to the preferred shares, to the percentage realized by the Public Offer to Purchase Shares from the minority stockholders of that company, through a partnership to be constituted with Fundo de Investimentos em Participação (FIP) Coliseu, if it becomes possible for a sufficient quantity of the units of this FIP (Equity Investment Fund) to be subscribed to meet the above-mentioned requirement; and

to grant to FIP Coliseu the right to sell the whole of its stockholdings in Terna Participações S.A. to Cemig GT, in the fifth year after its entry, upon payment of the amounts of capital invested net of the dividends and benefits received by FIP Coliseu in the acquisition of Terna Participações S.A. adjusted by the variation in the IPCA Inflation Index +7% p.a.

Belo Horizonte, August 5, 2009.

The Chairman then put the Proposal made by the Board of Directors to this meeting in debate, and, subsequently, to the vote, and it was approved unanimously.

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 having been 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 those present.

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6.                                                                                       Summary of Minutes of the 457th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, April 17, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 457th meeting of the Board of Directors.

Summary of proceedings:

I                    The Chairman asked the Board Members present to state whether any of them had conflict of interest in relation to the matter on the agenda of the meeting, and all stated that there was no such conflict of interest.

II                The Board approved:

a)              The proposal made by the Chairman to change, in the Internal Regulations of the Board of Directors, the drafting of: Clauses 5, 18, 21, 22 and 28; the title of Chapter VIII; the head paragraph of Clause 11; the second sub-paragraph of Clause 15; and sub-item “b” of the first paragraph of Clause 30.

b)             The minutes of this meeting.

III         The Board authorized Cemig GT to participate in the special-purpose company Transmissora do Atlântico de Energia Elétrica S.A., for the purposes of acquisition of a stake in Terna Participações S.A., jointly with Neoenergia S.A., which will hold 51% of the registered capital, while Cemig GT holds the remaining 49%, with authorized registered capital of ten thousand Reais.

IV           The Board ratified the signing of the Association Agreement with Neoenergia S.A., in which the Parties decided, jointly, to make efforts to begin studies, analyzes and research of information about the assets of Terna Participações S.A., the efficacy of the exclusivity obligation remaining subject to ratification by the Board of Directors.

V               Abstention: The Board member Wilton de Medeiros Daher abstained from voting on the matters relating to the participation of Cemig GT in a special-purpose company, and the signing of an Association Agreement, mentioned in items III and IV, above.

VI           The following spoke on general matters and business of interest to the Company:

The following were present:

Anamaria Pugedo Frade Barros

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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7.                                                                                      Summary of Minutes of the 458th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, April 17, 20–23, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 458th meeting of the Board of Directors.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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The following were present, at the sessions on the days indicated:

Anamaria Pugedo Frade Barros

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8.                                                                                      Summary of Minutes 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 minutes of the 459th meeting of the Board of Directors.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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Anamaria Pugedo Frade Barros

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9.                                                                                      Summary of Minutes of the 460th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, June 15, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 460th meeting of the Board of Directors.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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10.                                                                                Summary of Minutes of the 461st Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, June 25, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 461st meeting of the Board of Directors.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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Anamaria Pugedo Frade Barros

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11.                                                                                Summary of Minutes of the 462nd Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, July 23, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 462nd meeting of the Board of Directors.

Anamaria Pugedo Frade Barros

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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12.                                                                                Summary of Minutes of the 463rd Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, August 5, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed Company

CNPJ 17.155.730/0001-64

NIRE 31300040127

Summary of minutes of the 463rd meeting of the Board of Directors.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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Anamaria Pugedo Frade Barros

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13.                                                         Summary of Minutes of the 465th Meeting of the Board of Directors, Companhia Energética de Minas Gerais – CEMIG, August 27, 2009

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

Listed company
CNPJ 17.155.730/0001-64
NIRE 31300040127

Summary of minutes of the 465th meeting of the Board of Directors.

Summary of proceedings:

I        The Chairman asked the Board Members present whether any of them had conflict of interest in relation to the matters on the agenda of this meeting, and all stated that there was no such conflict of interest.

II       The Board approved:

a)      Withdrawal of Cemig’s sponsorship of Cemig from the Defined Benefit (BD) Plan of Forluz (Fundação Forluminas de Seguridade Social), offering the active and assisted participants the options of indemnity or transfer of reserve, specified in the rules currently in effect, or migration to the A and B plans, also of Forluz, assuming the commitment calculated by Watson Wyatt Worldwide.

b)      Increase in the registered capital of Cemig Serviços S.A., from ten thousand Reais to one hundred thousand Reais, for execution of the operational expenses budgets of 2009 to 2011; subscription and paying-in of the said increase of the Registered Capital; and vote, by the representative of the company in the Extraordinary General Meeting of Cemig Serviços S.A., in favor of approval of the increase, and the subscription and paying-in of the registered capital above referred to, the said input of capital to be submitted to the next Ordinary General Meeting of Stockholders of Cemig.

c)      The minutes of this meeting.

III      The Board authorized:

a)      Dissolution of CGET – the Strategic Technology Management Center, with transfer of the assets and liabilities of CGET to EMATER – the Minas Gerais State Technical Assistance and Rural Extension Company, in the amount of 56%, and to CETEC – the Minas Gerais Technology Center Foundation – in the amount of 44%.

Vote in favor, via the representative of the Company in the Annual General Meeting of CGET, in relation to the following matters:

·                      Report of management and interim financial statements for the year 2009;

·                      Dissolution of the said Center, with immediate establishment of the process of liquidation and consequent dissolution and extinction of the Board of Directors and the Audit Board, the function of the Directors thus ceasing; designation of a person to carry out the legal functions of liquidator of the said Center and take the necessary measures, representing CGET and employing, during the process of liquidation, the name of the said Center augmented by the expression “In Liquidation”, accompanied by his individual signature and declaration of his status (Liquidator);

·                      Designation of Cemig’s Corporate Executive Office to be, after the extinction of CGET, the body responsible for safekeeping and conservation of the books and other corporate documents for a period of five years, from the date of the General Meeting of Stockholders that decides on this subject.

·                      Allocation of the assets and liabilities of CGET as referred to above.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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b)      Opening of Administrative Proceedings for Exemption from Tender, and contracting of Empresa de Infovias S.A. to provide transmission capacity services within the IP-MPLS (Internet Protocol-Multi Protocol Label Switching) network and corporate voice and data service in local and long distance mode, for a period of sixty months, the estimated amount being shared between Cemig D, Cemig GT and Cemig; and increase in this year’s budget of the Telecommunications Department, in the amount of five million Reais, to be shared between Cemig D, Cemig GT and Cemig, to be used exclusively in payment of the invoices referring to this contract.

IV     The Board re-ratified CRCA-040/2009, changing the allocation of the funds of Cemig GT’s third issue of commercial promissory notes (“commercial paper”), to the following:

A significant proportion or even the totality of the funds to be raised by the third issue of commercial promissory notes of the Issuer will be allocated to direct or indirect acquisition of assets, and, in the event of non-use of the totality of the funds for this purpose, the remaining quantity shall be used for carrying out of investments and for replenishment of the Issuer’s cash position, having in mind investments already made by it in 2009. The identification of these investments shall be contained in the documents referring to the third issue of Commercial Promissory Notes of the Issuers, as necessary, taking into account the applicable regulations; and the other provisions of that CRCA remain unaltered.

V       Abstentions: The Board Members Alexandre Heringer Lisboa, João Camilo Penna and Guy Maria Villela Paschoal abstained from voting on the matter relating to the withdrawal of sponsorship of the Defined Benefit (BD) Plan of Forluz, referred to in sub-item “a” of item II, above.

VI     The following spoke on general matters and business of interest to the Company:

The following were present:

Anamaria Pugedo Frade Barros

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14.                                                         Summary of Minutes of the 89th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., April 17, 2009

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Cemig Geração e Transmissão S.A.

CNPJ 06.981.176/0001-58 – NIRE 31300020550

Summary of minutes of the 89th meeting of the Board of Directors.

Summary of proceedings:

I                         The Chairman asked the Board Members present to state whether any of them had conflict of interest in relation to the matters on the agenda of the meeting, and all stated that there was no such conflict of interest.

II                     The Board approved:

a)                   The proposal made by the Chairman to change the drafting, in the Internal Regulations of the Board of Directors, of: Articles 5, 18, 21, 22 and 28; the title of Chapter VIII; the head paragraph of Clause 11; the second paragraph of Clause 15; and sub-item “b” of the first paragraph of Clause 30.

b)                  The vote, by the representatives of Cemig GT, in the meetings of the Board of Directors of Madeira Energia S.A. (MESA) and Santo Antônio Energia S.A. (SAESA), in favor of submission to their respective Extraordinary General Meetings of Stockholders of the matter relating to the increase of the registered capital of SAESA up to four billion two hundred million Reais, in December 2007 currency, and consequent changes to the Bylaws, and subscription and paying up of the respective shares; and also, in the Extraordinary General Meetings of Stockholders of MESA which deal with the subject referred to above.

c)                   The minutes of this meeting.

III              The Board authorized the Company to participate in the special-purpose company Transmissora do Atlântico de Energia Elétrica S.A., for the purposes of acquisition of a holding in Terna Participações S.A., in conjunction with Neoenergia S.A., which will hold 51% of the registered capital, the remaining 49% to be owned by Cemig GT, the Company to have authorized capital of ten thousand Reais.

IV                The Board ratified:

a)                   Signing of the Association Agreement between Cemig and Neoenergia S.A., in which the parties decided, jointly to make joint efforts to begin studies, analyses and researching of information on the assets of Terna Participações S.A., the efficacy of the obligation to exclusivity in such agreement being subject to ratification by the Board of Directors.

b)                  Signing of the Agreement for Fiduciary Assignment of Rights and Share Units, between MESA (Madeira Energia S.A.) – , as assignor, Fundo de Investimento do Fundo de Garantia do Tempo de Serviço (FI-FGTS), as assignee, Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários, as fiduciary agent, Andrade Gutierrez Participações S.A., Construtora Norberto Odebrecht S.A., Fundo de Investimento em Participações Amazônia Energia, Furnas Centrais Elétricas S.A. and Odebrecht Investimentos em Infra-estrutura Ltda., as parties, SAESA (Santo Antônio Energia S.A.) and the Federal Savings Bank (CEF) as consenting parties, and Cemig GT also as participating party.

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

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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c)                   The votes by the representatives of Cemig GT: in the meetings of the Board of Directors of MESA and SAESA, in favor of submission to their respective General Meetings of Stockholders of the matter relating to the increase of the registered capital of SAESA and consequent alteration of its Bylaws, from ten thousand Reais to five hundred and seventy one million and thirty thousand Reais, and subscription and paying up of the respective shares; and, in the respective Extraordinary General Meeting of Stockholders of MESA, in relation to the subject mentioned.

V                    The Board re-ratified CRCA (Board Spending Decision) 002/2009, with the following effect:

1)                   – changing it in relation to: 

a)                  signing, as participating parties, jointly with Andrade Gutierrez Participações S.A., Construtora Norberto Odebrecht S.A., Fundo de Investimento em Participações Amazônia Energia, Furnas Centrais Elétricas S.A. and Odebrecht Investimentos em Infra-estrutura Ltda., and with MESA (Issuer), FI-FGTS (Debenture Holder), Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários (Fiduciary Agent) and Santo Antônio Energia S.A. and Odebrecht S.A. (consenting parties), of the Private Deed for the first Private Issue of Non-convertible Debentures, in six series, of the subordinated type, subject to conversion to the Unsecured type, in the amount of one billion, five hundred million Reais.

b)                 Signing, as a Party, together with the other stockholders of MESA, and also MESA itself, FI-FGTS, Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários (Fiduciary Agent) and Odebrecht S.A. as consenting parties, of the Stockholders’ Agreement and Agreement on Procedures for Capitalization of Madeira Energia S.A. – MESA, which has the objective of defining procedures to ensure the rapid and efficient execution, by MESA or, as the case may be, by FI-FGTS or by the manager of the Fund, of the obligations assumed by each stockholder and each party in this agreement and in the Debenture Deed. By this instrument Cemig GT, and the other stockholders, undertake to subscribe and pay up an increase in capital of MESA, for the latter to settle its obligations assumed under the private Deed of Private Issue of Debentures of MESA.

c)                  Signing, as participating party, jointly with the other stockholders of MESA, MESA itself, and Santo Antônio Energia S.A. and FI-FGTS, of the Commitment Undertaking, in which SAESA and FI-FGTS undertake to sign the Private Deed of the first Private Issue of Non-convertible Debentures, in Two Series, of the Real Guarantees and Additional Guarantees type, and to negotiate in good faith the additional terms and conditions of the Deed, comprising the Characteristics of the Issue, the Conditions for subscription and paying up of the debentures, Default and Early maturity events, Positive and negative covenants of the Issuer, etc. 

By this undertaking, the parties agree that SAESA shall have the option, after disbursement of the total of the credits contracted in accordance with the Financing Contracts and the Deed, if it should still be necessary for the development, implantation and construction of the Project, to contract additional debt of up to five hundred and forty million Reais, such amount to be updated in accordance with the variation in the IPC-A inflation index between the date of this Commitment Undertaking and the date of actual issue, as the case may be, in the form of Profit Share Debentures; and

2)                   – and authorizing:

a)                   Granting of a mandate by Cemig GT to FI-FGTS and to the fiduciary agent as its duly authorized attorneys. Without prejudice to the other obligations specified in the Stockholders’ Agreement and the Agreement on Procedures for Capitalization of MESA, the stockholders undertake, in proportion to their respective stockholdings in the registered capital of the company, to make injections of capital into MESA in such a way that the total registered capital subscribed over the company reaches or exceeds the amounts of:

two hundred and fifty nine million, four hundred and fifty five thousand Reais by July 31, 2011;

five hundred and eighteen million, nine hundred and nine thousand Reais by December 31, 2011;

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seven hundred and fifty million Reais by May 31, 2012;

one billion, two hundred and forty million, five hundred and forty six thousand Reais by September 30, 2012; and

one billion, five hundred million Reais by December 31, 2012.

b)                  The representative of Cemig GT, in the meeting of  MESA deciding on the said capital increases, to decide in favor of them, also authorizing Cemig GT to subscribe and pay up 10% of the shares of MESA issued in these capital increases, in the periods necessary for compliance with the obligations specified in the Agreement. If Andrade Gutierrez Participações S.A., Odebrecht Investimentos em Infra-estrutura Ltda. and/or Odebrecht S.A. capitalizes the company by through Fundo de Investimento em Participações Amazônia Energia, in compliance with the provisions in items 4.2. and 4.3. of this Agreement, Cemig GT, Furnas Centrais Elétricas S.A., Construtora Norberto Odebrecht S.A and the Fund itself will waive their portion of the right of preference for capitalization of MESA specified in the Stockholders’ Agreement arising from the said capital increase, and, as a result of such capitalization and increase of capital, AG and OII shall come to hold the corresponding shares in MESA. The other authorizations of that instrument remain unchanged.

VI                The Board introduced complementary matters into CRCA-089/2007, authorizing:

vote, by the representative of Cemig GT at the meetings of the Board of Directors and in the General Meetings of Stockholders of MESA in favor or the increase in the registered capital from ten million Reais to up to four billion, two hundred million Reais, in December 2007 currency; and 

the respective subscriptions and paying-up of the shares, and alterations of the Bylaws.

VII            Abstention: The Board member Wilton de Medeiros Daher abstained from voting on the matters relating to:

a)                   Participation in a special-purpose company and signing of the Association Agreement, mentioned in Item III and sub-item “a” of IV, above.

b)                  Issue of debentures of Madeira Energia S.A. – MESA, referred to in sub-item “b” of Item IV and in Item V, above.

c)                   Orientation of vote for increase of capital in MESA and SAESA, mentioned in sub-item “b” of Item II, in sub-item “c” of Item IV and in Item VI, above.  

IX                The following spoke on general matters and business of interest to the Company: