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RELATED-PARTY TRANSACTIONS
Light S.A. belongs to the Controlling Group Companhia Energtica de Minas Gerais CEMIG, Luce Empreendimentos e Participaes S.A. and Rio Minas Energia Participaes S.A (RME) company controlled by Redentor Energia.
Below, a summary of related-party transactions occurred in the first quarter of 2011 and the year ended in 2010:
Contracts with the same group Relationship with Light S.A. Item (Agreement objectives and characteristics) Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Sale agreement of electric power between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Loans Loan with Light S.A., which holds 50.9% Lightger, in order to honor financial commitments related to the implantation of the Paracambi small hydroelectric plant (PHC). Pension Plan Fundao de Seguridade Social (Social Security Foundation) BRASLIGHT BRASLIGHT (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) 03/31/2011 Assets 12/31/2010 Consolidated Liabilities Revenue 03/31/2011 12/31/2010 03/31/2011 03/31/2010 Expenses 03/31/2011 03/31/2010
2,025 381
2,561 381 -
4,630 567 30
5,028 572 30
10
10
14,007
11,156
320
1,028,958
1,016,185
38,041
32,296
Item
Contracts with the same group (Agreement objectives and characteristics) Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Sale agreement of electric power between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG
Original amount
Date
Maturity date or Conditions for term termination or end Remaining balance 03/31/2011
Agreement Conditions
Jan/2006
Dec/2038
614,049
Jan/2010 Dec/2039
450,606
CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group)
Price established in the regulated market Price established in the regulated market Price established in the regulated market Price established in the regulated market
Nov/2003
Undetermined
N/A
Dec/2002
Undetermined
N/A
Dec/2002
Undetermined
N/A
10
Loans Loan with Light S.A., which holds 50.9% Lightger, in order to honor financial commitments related to the implantation of the Paracambi small hydroelectric plant (PHC) 7 Pension Plan Fundao de Seguridade Social (Social Security Foundation) BRASLIGHT
Oct/2010
Oct/2011
N/A
11,042
BRASLIGHT (party of the controlling group) Jun/2001 Jun/2026 N/A
14,007
IPCA+ 6% p.a.
535,052
1,028,958