COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG
Listed Company - CNPJ 17.155.730/0001-64 - NIRE 31300040127
Extract from the minutes of the 400th meeting of the Board of Directors.
Date, time and place: December 28, 2006, at the company’s head office, Av. Barbacena
1200, 18th Floor, Belo Horizonte, Minas Gerais, Brazil.
Meeting committee: Chairman: Wilson Nélio Brumer; Secretary: Anamaria Pugedo
Frade Barros.
Summary of events:
I – The Board approved:
a) the result of the reconciliation carried out with the State of Minas Gerais, in
accordance with the valuation opinion, in which the debtor balance under the
Term of Assignment of Credit Balance on the Results Compensation (CC)
Account was recalculated, in preparation for signature of the Fifth Amendment
to the Term of Assignment of Credit Balance on the Results Compensation (CC)
Account, taking into account the following: reduction of the debtor balance, and
adaptation of the calculations of interest, monetary adjustment, arrears interest
and retentions of portions of dividends, in accordance with the Fourth
Amendment to the Term of Assignment of Credit Balance on the Results
Compensation (CC) Account: and
b) the minutes of this meeting.
II – The Board authorized:
a) deductibility, for the purposes of income tax and the Social Contribution on Net
Profit, of the loss consisting of the difference between the nominal value and the
disposal value of the credits of the Results Compensation Account (CRC),
subject of the assignment of these credits by Cemig to the Receivables Fund
(FIDC): and
b) joint actions with CEMIG – Fundo de Investimento em Direitos Creditórios Conta
CRC, to make possible the signing between the State of Minas Gerais and that Fund
of the Fifth Amendment to the Term of Assignment of Credit Balance on the
Results Compensation (CC) Account, including reduction of the debtor balance,
mentioned in sub-item (a) of Item I above; but that the final draft of the Fifth
Amendment to the Term of Assignment of Credit Balance on the Results
Compensation (CC) Account must be presented for approval by the Board of
Directors before its being entered into.
Av.Barbacena, 1200 - Santo Agostinho - CEP 30190-131
Belo Horizonte - MG - Brasil - Fax (0XX31)3299-3934 - Tel.: (0XX31)3299-4524
III - The board member Wilton de Medeiros Daher abstained from voting on the matter
regarding to the regularization of the Term of Assignment of the CRC Balance as a
result of the reduction of the debtor balance mentioned in sub-item “a” of Item I and in
sub-item “b” of Item II, above.
IV- The following made comments on general subjects and matters of interest to the
Company:
The Chairman; the Vice-chairman; Board Members Andréa Paula Fernandes Pansa,
Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães
Brasil, José Augusto Pimentel Pessôa and Wilton de Medeiros Daher; the Director
Flávio Decat de Moura; and counsel Fátima Inácio de Morais Régio Vaz de Mello.
The following were present:
Board Members Wilson Nélio Brumer, Djalma Bastos de Morais, Aécio Ferreira da
Cunha, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Alexandre Heringer
Lisboa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino
Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria
Estela Kubitschek Lopes, Nilo Barroso Neto, Wilton de Medeiros Daher and
Fernando Lage de Melo; Flávio Decat de Moura, Director; Fátima Inácio de Morais
Régio Vaz de Mello, counsel; and Anamaria Pugedo Frade Barros, Secretary.
Anamaria Pugedo Frade Barros
Av.Barbacena, 1200 - Santo Agostinho - CEP 30190-131
Belo Horizonte - MG - Brasil - Fax (0XX31)3299-3934 - Tel.: (0XX31)3299-4524