Brazil-based integrated electric utility, Companhia Energetica de Minas Gerais ( CIG ), also known as CEMIG reported its financial results for the first quarter 2013 on May 17, 2013.

Elsewhere in Brazil, utility shares slumped. State-run Centrais Eletricas Brasileiras SA (EBR, ELET6.BR) was the biggest decliner, falling 3.2% to $2.41.