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COMPANHIA ENERGETICA DE MINAS
GERAIS – CEMIG

By:

/s/ Luiz Fernando Rolla

Name:

Luiz Fernando Rolla

Title:

Chief Financial Officer,
Investor Relations Officer and
Control of Holdings Officer

Date: June 18, 2008

Item

Description of Item

1.

Summary of Minutes of the 57th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., November 13, 2007

2.

Summary of Minutes of the 421st Meeting of the Board of Directors, Companhia Energética de Minas Gerais, November 13, 2007

3.

Summary of Minutes of the 58th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., November 29, 2007

4.

Summary of Minutes of the 422nd Meeting of the Board of Directors, Companhia Energética de Minas Gerais, November 29, 2007

5.

Summary of Minutes of the 59th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., December 11, 2007

6.

Summary of Minutes of the 65th Meeting of the Board of Directors, Cemig Distribuição S.A., February 14, 2008

7.

Summary of Minutes of the 66th Meeting of the Board of Directors, Cemig Distribuição S.A., March 6, 2008

8.

Summary of Minutes of the 428th Meeting of the Board of Directors, Companhia Energética de Minas Gerais, March 6, 2008

9.

Summary of Minutes of the 67th Meeting of the Board of Directors, Cemig Distribuição S.A., March 25, 2008

10.

Summary of Minutes of the 429th Meeting of the Board of Directors, Companhia Energética de Minas Gerais, March 25, 2008

11.

Presentation, “Balance of Supply and Demand,” May 2008

12.

Market Announcement, Companhia Energética de Minas Gerais, May 26, 2008

13.

Summary of Minutes of the 434th Meeting of the Board of Directors, Companhia Energética de Minas Gerais, May 27, 2008

14.

Summary of Principal Decisions at the 71st Meeting of the Board of Directors, Cemig Distribuição S.A., May 27, 2008

15.

Summary of Principal Decisions at the 69th Meeting of the Board of Directors, Cemig Geração e Transmissão S.A., May 27, 2008

16.

Invitation to Extraordinary General Meeting of Stockholders: Convocation, May 27, 2008

17.

Notice to Stockholders, Companhia Energética de Minas Gerais, June 11, 2008

18.

Minutes of the Extraordinary General Meeting of Stockholders, Cemig Geração e Transmissão S.A., June 13, 2008

19.

Minutes of the Extraordinary General Meeting of Stockholders, Companhia Energética de Minas Gerais, June 13, 2008

Date, time and place:

November 13, 2007, at 3 p.m. at the company’s head office,

Av. Barbacena 1200, 12^th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Djalma Bastos de Morais;

Secretary:

Anamaria Pugedo Frade Barros.

e)

Signing of the Stockholders’ Agreement of Madeira Energia S.A. – MESA, the objective of which is to regulate the relationships between the Parties, stockholders, establishing reciprocal directives, rights and obligations, to make possible the implementation and commercial operation of the above mentioned project through Madeira Energia S.A.

f)

Consent by Cemig GT to the Corporate Governance Practices already approved by Madeira Energia S.A., which aim to establish the most up-to-date Corporate Governance Practices, based on principles that give priority to transparency and respect for all the stockholders, establishing the conditions for development and maintenance of a long term relationship with its investors.

III –

Approval: The matter relating to the Santo Antônio Hydroelectric project, mentioned in item II, above was approved unanimously, with a reservation by board member Wilton de Medeiros Daher on the importance of the Audit Board of the SPC/MESA being permanently in session, and with the suggestion by board member Andréa Paula Fernandes Pansa that this matter should be considered again by the Board of Directors of Cemig before the investment is finalized.

IV –

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

The CEO;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Alexandre Heringer Lisboa and Wilton de Medeiros Daher;

Director:

José Carlos de Mattos; and

Superintendents:

César Vaz de Melo Fernandes and Manoel Bernardino Soares.

The following were present:

Board members:

Djalma Bastos de Morais, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Francisco de Assis Soares, Lauro Sérgio Vasconcelos David and Marco Antonio Rodrigues da Cunha;

Director:

José Carlos de Mattos;

Superintendents:

César Vaz de Melo Fernandes and Manoel Bernardino Soares; and

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

November 13, 2007, at 9.30 a.m. at the company’s head office,

Av. Barbacena 1200, 18th Floor, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Djalma Bastos de Morais;

Secretary:

Anamaria Pugedo Frade Barros.

I –

The Board approved the minutes of this meeting.

II –

The Board authorized the following matters relating to the Santo Antônio Hydroelectric project:

a)

Participation by Cemig GT, in conjunction with Furnas Centrais Elétricas S.A. –Furnas, Odebrecht Investimentos em Infra-Estrutura Ltda., Construtora Norberto Odebrecht S.A., Andrade Gutierrez Participações S.A. and Fundo de Investimento em Participações Amazônia Energia, in the tender proceedings to be held by the Mining and Energy Ministry for the license for use of a public asset for commercial operation of the Santo Antônio Hydroelectric Potential (“the Auction”), and the following was also authorized:

(i)

signing by Cemig GT of a Consortium Constitution Undertaking and a Commitment to Constitute an SPC, as required by Aneel in the tender document for the project; or,

(ii)

participation by Cemig GT in the Special Purpose Company Madeira Energia S.A. – MESA, which was constituted on August 27, 2007, exclusively to take part in the Auction, and also all the activities necessary for construction, operation, maintenance and commercial operation of the Santo Antônio Hydroelectric Potential and the associated transmission systems, located on the Madeira River, in the state of Rondônia. The participation of Cemig GT will be 10% of the voting capital and will take place through subscription of shares in the amount of approximately four hundred and twenty million Reais, the paying-up of which shall be conditional upon success in the Auction and in accordance with the timetable of the works. If the Consortium or SPC wins the Auction, it is agreed that a wholly-owned subsidiary of the SPC shall be created, and this is now hereby authorized by the Board of Directors;

b)

signing by Cemig GT of a Memorandum of Understanding which establishes the procedures and periods to be complied with if Cemig GT, Fundo de Investimento em Participações Amazônia Energia and/or Andrade Gutierrez Participações S.A. disagree with the decisions of Furnas, Odebrecht Investimentos em Infra-Estrutura Ltda. and Construtora Norberto Odebrecht S.A on the bid to be offered at the Auction, whether via Consortium, or via SPC. The dissenting party may transfer its participation in the SPC, provided that

(i)

prior consent is obtained from Aneel,

(ii)

the costs and expenses already incurred and incurred in the future by the Parties for the participation in the Auction and the studies on the project shall be reimbursed in accordance with the Contract for Reimbursement and Sharing of Expenses, and

(iii)

the dissenting party has sent notices to Furnas, Odebrecht Investimentos em Infra-Estrutura Ltda. and Construtora Norberto Odebrecht S .A., within two days of the date of the said Auction;

c)

signing by Cemig GT of a Contract for Reimbursement and Sharing of Expenses, which establishes the obligation of Cemig GT, Andrade Gutierrez Participações S.A. and Fundo de Investimento em Participações Amazônia Energia to reimburse Construtora Norberto Odebrecht S.A. and Furnas, by November 30, 2007, for all the common costs and expenses incurred by Construtora Norberto Odebrecht S.A. and Furnas to make possible the participation in the Auction for the said project, up to the signing of the respective concession contracts;

d)

signing by Cemig GT of the Agreement to Capitalize Madeira Energia S.A. – MESA and Other Matters, which establishes the commitment of the stockholders in relation to the obligation to subscribe and fully pay up the company’s capital increase;

e)

signing by Cemig GT of the Stockholders’ Agreement of Madeira Energia S.A. – MESA, the objective of which is to regulate the relations between the Parties, stockholders, establishing reciprocal directives, rights and obligations, to make possible the implementation and commercial operation of the above mentioned project through Madeira Energia S.A.;

f)

consent by Cemig GT to the corporate governance practices already approved by Madeira Energia S.A., which aim to establish the most up-to-date corporate governance practices, based on principles that give priority to transparency and respect for all the stockholders, establishing conditions for development and maintenance of a long-term relationship with their investors.

III –

Approval: The matter relating to the Santo Antônio Hydroelectric project mentioned in Item II above was approved unanimously, with a reservation by the board member Wilton de Medeiros Daher on the importance of the Audit Board of the SPC/MESA being permanently in session, and with the suggestion by board member Andréa Paula Fernandes Pansa that this matter should be considered again by the Board of Directors of Cemig before the investment is finalized.

IV –

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

The CEO;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Alexandre Heringer Lisboa and Wilton de Medeiros Daher;

Director:

José Carlos de Mattos, and;

Superintendents:

César Vaz de Melo Fernandes and Manoel Bernardino Soares.

The following were present:

Board members:

Djalma Bastos de Morais, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Francisco de Assis Soares, Lauro Sérgio Vasconcelos David and Marco Antonio Rodrigues da Cunha;

Director:

José Carlos de Mattos;

Superintendents:

César Vaz de Melo Fernandes and Manoel Bernardino Soares, and;

Secretary:

Anamaria Pugedo Frade Barros.

Anamaria Pugedo Frade Barros

Date, time and place:

November 29, 2007, at 11.30 a.m. at the company’s head office,

Av. Barbacena 1200, 12^th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Marcio Araújo de Lacerda;

Secretary:

Anamaria Pugedo Frade Barros.

IV –

The board re-ratified CRCA 037/2006, authorizing the participation of the Company in the implementation and commercial operation of the Pipoca small hydroelectric plant, signing of the Stockholders’ Agreement, and subscription, by Cemig GT, of shares in SPC Hidrelétrica Pipoca S.A., holder of the authorization from Aneel to put in place and commercially operate the Pipoca small hydro plant, and also authorizing the paying up of the injection of capital by Cemig GT, the other terms of that CRCA remaining unchanged

V –

The board members decided the calendar of probable meetings for this Board for 2008.

VI –

The 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 voted against the matters relating to signing of the counter-guarantee contract and the subscription of shares in Madeira Energia S.A., mentioned in item III above.

VII –

The Board member Wilton de Medeiros Daher voted against the matter relating to the indicative non binding bid for implementation of a thermoelectric plant for supply electricity mentioned in item II, sub-item “a”, above.

VIII –

The Chairman called members to meet on December 11, 2007 at 9:30 a.m., and December 18, at 9 a.m., at the company’s head office, stating that the agenda will be sent at an opportune time.

IX –

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

The CEO;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Djalma Bastos de Morais and Wilton de Medeiros Daher

The following were present:

Board Members:

Marcio Araujo de Lacerda, Djalma Bastos de Morais, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Lauro Sérgio Vasconcelos David and Marco Antonio Rodrigues da Cunha.

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

November 29, 2007, at 9.30 a.m. at the company’s head office,

Av. Barbacena 1200, 18^th Floor, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Marcio Araújo de Lacerda;

Secretary:

Anamaria Pugedo Frade Barros.

I –

The Board approved the minutes of this meeting.

II –

The Board authorized:

1)

signing of the Commitment Undertaking with Andrade Gutierrez Concessões S.A. to establish the commitment of the parties to present, jointly, a binding bid in the Auction to be held by BNDES Participações S.A. for the acquisition of up to 100% of the total capital of Companhia Brasiliana de Energia–Brasiliana; and establish the commitment to constitute a special-purpose company (SPC); and substantially establish the terms and conditions for the constitution of the SPC and the relationship between the partners of the SPC, if the above-mentioned binding bid wins;

2)

addition to the budget, for contracting of advisors for valuation of the Brasiliana Project; and

3)

constitution of the said SPC, subscription and paying up of its shares and signing of the Stockholders’ Agreement.

III –

The board granted annual paid leave to the CEO Djalma Bastos de Morais for the period January 2 to January 31, 2008.

IV –

The board confirmed signature of the loan contract with Empresa de Infovias S.A., dated November 14, 2007.

V –

The board re-ratified CRCA (Board Spending Decision) 072/2007, establishing the participation of Cemig GT in Madeira Energia S.A. with 10% of the voting stock, with subscription of shares in the approximate amount of up to four hundred and twenty million Reais, according to the following timetable: ten thousand Reais to be subscribed and paid up in the period November 14–29, 2007, and the remainder conditional upon the success of Aneel Auction 005/2007, when the paying-up by the parties will take place in accordance with the timetable of the works. The other terms of that CRCA remain unchanged.

VI –

2008 meeting calendar: The board decided the calendar of probable meeting dates in 2008.

VII –

The following members —

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima,

Haroldo Guimarães Brasil and José Augusto Pimentel Pessôa –

voted against the approval of:

a)

signing of the loan contract with Infovias; and,

b)

re-ratification of CRCA-072/2007, establishing the participation of Cemig GT in Madeira Energia S.A. and the timetable for subscription of shares, mentioned in items IV e V, above:

VIII–

Abstention: Wilton de Medeiros Daher abstained from voting on the matter in item II, above.

IX –

The chairman called members to meet on December 11 and 18, 2007, at 9h30min e 9 a.m. respectively, at the company’s head office, and said the agenda would be sent at an opportune time.

X –

Even considering that they did not have conflict of interest in relation to it, the board members Carlos Augusto Leite Brandão, Andréa Paula Fernandes Pansa, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil and José Augusto Pimentel Pessôa left the meeting room during the examination of the matter relating to signing of an Undertaking and a Stockholders’ Agreement mentioned in item II above, since they have information on the subject from the AES Group.

XI –

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

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Djalma Bastos de Morais, Wilton de Medeiros Daher, Alexandre Heringer Lisboa and Wilson Nélio Brumer;

Director:

José Carlos de Mattos, and;

Superintendents:

Luiz Felipe da Silva Veloso and João Batista Zolini Carneiro.

The following were present:

Board members:

Marcio Araujo de Lacerda, Djalma Bastos de Morais, Aécio Ferreira da Cunha, Alexandre

Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Lauro Sérgio Vasconcelos David and Marco Antonio Rodrigues da Cunha;

Director:

José Carlos de Mattos;

Superintendents:

Luiz Felipe da Silva Veloso and João Batista Zolini Carneiro, and;

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

December 11, 2007, at 11.30 a.m. at the company’s head office,

Av. Barbacena 1200, 12^th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:   Marcio Araújo de Lacerda;

Secretary:    Anamaria Pugedo Frade Barros.

Board Members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Djalma Bastos de Morais, Francelino Pereira dos Santos, Alexandre Heringer Lisboa and Wilton de Medeiros Daher;

Directors:

José Carlos de Mattos and Marco Antonio Rodrigues da Cunha, and;

Superintendents:

César Vaz de Melo Fernandes and Ricardo Luiz Diniz Gomes.

Board Members:

Marcio Araujo de Lacerda, Djalma Bastos de Morais, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilton de Medeiros Daher, Francisco de Assis Soares and Lauro Sérgio Vasconcelos David;

Board member/ Director:

Marco Antonio Rodrigues da Cunha;

Director:

José Carlos de Mattos;

Superintendents:

César Vaz de Melo Fernandes e Ricardo Luiz Diniz Gomes, and;

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

February 14, 2008, at 11.30 a.m. at the company’s head office,

Av. Barbacena 1200, 17^th Floor, A1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:   Marcio Araújo de Lacerda;

Secretary:    Anamaria Pugedo Frade Barros.

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Lauro Sérgio Vasconcelos David, Francisco de Assis Soares, Wilton de Medeiros Daher, Wilson Nélio Brumer and Aécio Ferreira da Cunha;

Vice-Chairman and CEO:

Djalma Bastos de Morais;

Director:

Luiz Fernando Rolla;

Superintendents:

Ricardo José Charbel and Tarcísio Andrade Neves; and

Consultants:

Representatives of Roland Berger Strategy Consultants,

The following were present:

Board members:

Marcio Araujo de Lacerda, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Fernando Henrique Schüffner Neto, Francisco de Assis Soares and Lauro Sérgio Vasconcelos David

Vice-Chairman and CEO:

Djalma Bastos de Morais;

Audit Board:

Marcus Eolo de Lamounier Bicalho;

Director:

Luiz Fernando Rolla;

Superintendents:

Ricardo José Charbel and Tarcísio Andrade Neves;

Consultants:

Representatives of Roland Berger Strategy Consultants, and;

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

March 6, 2008, at 11.30 a.m. at the company’s head office,

Av. Barbacena 1200, 17th Floor, A1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Marcio Araújo de Lacerda;

Secretary:

Anamaria Pugedo Frade Barros.

I –

The Board approved:

A)

The Technical Feasibility Study for Offsetting of Tax Credits, which is the basis for tax accounting of deferred tax credits contained in the Financial Statements of 2007.

B)

The proposal by board member Alexandre Heringer Lisboa that the Board of Directors should authorize its Chairman to call Ordinary and Extraordinary Meetings of Stockholders, to be held together on April 25, 2008, at 4 PM; and if the minimum obligatory quorum is absent, proceed to second convocation of stockholders in the period specified by law.

C)

The Voluntary Dismissal Program (PPD), on a permanent basis, applicable to spontaneous rescissions of Employment Contracts, and also other criteria applicable to specific situations of employees who meet the requirements for retirement, with the alterations proposed by the Vice-Chairman of the Board and CEO, Djalma Bastos de Morais.

D)

Revision of the Project for Establishment of Oil Separating Chambers in the Sub-transmission Substations, extending the period of validity and adjusting their value, the other items contained in CRCA 026/2005 remaining unchanged.

E)

The proposal of Board member Francelino Pereira dos Santos to elect Mr. Djalma Bastos de Morais – Brazilian, married, engineer, resident and domiciled in Belo Horizonte, Minas Gerais, at Av. Bandeirantes 665/401, Sion, CEP 30315-000, holder of Identity Card 019112140-9 (Army Ministry) and CPF 006633526-49 – as Vice-Chairman, to serve the same remaining period of office of that of the other members of the executive board, that is to say until the first meeting of the Board of Directors following the Annual General Meeting of Stockholders of 2010.

F)

The minutes of this meeting.

II –

The Board approved the Report of Management and financial statements for 2007 and the respective complementary documents, and submitted them to the Ordinary and Extraordinary General Meetings of Stockholders to be held by April 30 2008.

III –

The Board authorized signing, with the Municipality of Belo Horizonte, of the Agreement to carry out works of extension and modification of distribution networks and public lighting facilities to be paid by the Municipality as and when the lots of works are executed, updated in accordance with the company’s Budget Tables in effect at the time of their conclusion, and presented through bank payments slips, the agreement having a period of validity of three hundred and sixty days from its date of signature.

IV –

The Board delegated, until March 29, 2008, to the Company’s Executive Board, with the alteration proposed by the Vice-Chairman, Djalma Bastos de Morais, the competency to authorize signing of Contracts of Sale of Electricity, after hearing the position of the Energy Risks Management Committee, of Contracts for Supply of Electricity and Reserve of Demand, for Use of the Distribution System, for Connection to the Distribution System, for Use of the Transmission Systems with the National System Operator (ONS), for Sharing its Distribution Infrastructure, and for Agreements made with clients for

execution of works in the electricity distribution system, including when signed between Cemig D and any of their stockholders or companies which are their parent companies, whether contracted by them or under their common control, which individually have amounts of five million Reais or more; and to authorize the signing of the respective Amendments and Terms of Rescission, subject to this Board being advised of the instruments entered into at the meeting following their approval.

V –

The Board submitted the allocation of the net profit for 2007, as follows, in the amount of R$771,208,000, to the Ordinary and Extraordinary General meetings to be held on April 30, 2008:

a)

R$38,560,000, being 5% of the net profit, to the Legal Reserve;

b)

R$680,648,000 for payments of dividends as follows:

R$149,809,000 as Interest on Equity, and

R$530,839,000 in the form of complementary dividends;

to be paid in two equal installments, by June 30 and December 30, 2008, and the Executive Board may at its discretion bring forward the date depending on availability of cash;

c)

R$52,000,000 to the Retained Earnings account, for use in capital expenditure, according to the Cash Budget.

VI –

Abstention: The board member Alexandre Heringer Lisboa abstained from voting on the matter relating to the Voluntary Dismissal Program (PPD), mentioned in item I, sub-item “C”, above.

VII –

The Chairman reported the death, on February 24, 2008, of the Vice-Chairman, Agostinho Patrús.

VIII –

The board members Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil and José Augusto Pimentel Pessôa voted against the proposal of board member Francelino Pereira dos Santos in relation to the appointment of the Vice-Chairman mentioned in item I, sub-item “E”, above.

IX –

The elected Officer declared that he is not subject to any prohibition on exercise of commercial activity, that he does not occupy any post in a company which may be considered a competitor of the Company, and that he does not have nor represent any interest conflicting with that of Cemig, and assumed a solemn undertaking to be 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

X –

The Chairman stated that the members of the Executive Board are now as follows:

CEO and Vice-Chairman:

Djalma Bastos de Morais;

Chief Trading Officer:

Bernardo Afonso Salomão de Alvarenga

Director without specific portfolio:

Fernando Henrique Schüffner Neto

Chief New Business Development Officer:

José Carlos de Mattos

Chief Officer for Finance, Investor Relations

Officer and Control of Holdings:

Luiz Fernando Rolla

Chief Corporate Management Officer:

Marco Antonio Rodrigues da Cunha

Chief Distribution and Sales Officer:

José Maria de Macedo

XI –

The board member Wilson Nélio Brumer presented his resignation as a member of the board, as from today’s date.

XII –

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

The CEO;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil. José Augusto Pimentel Pessôa, Francelino Pereira dos Santos and Wilton de Medeiros Daher;

Vice-Chairman/CEO:

Djalma Bastos de Morais;

Director:

Luiz Fernando Rolla, and;

Manager:

Márcio Saúde Soares.

The following were present:

Board members:

Marcio Araujo de Lacerda, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Fernando Henrique Schüffner Neto and Francisco de Assis Soares;

Vice-Chairman/CEO:

Djalma Bastos de Morais;

Fiscal Board:

Aristóteles Luiz Menezes Vasconcellos Drummond, Celene Carvalho de Jesus e Luiz Otávio Nunes West

Director:

Luiz Fernando Rolla;

Manager:

Márcio Saúde Soares.

Auditors:

Representatives of KPMG Auditores Independentes

Secretary:

Anamaria Pugedo Frade Barros.

8.

Summary of Minutes of the 428th Meeting of the Board of Directors, Companhia Energética de Minas Gerais, March 6, 2008

Date, time and place:

March 6, 2008, at 9.30 a.m. at the company’s head office,

Av. Barbacena 1200, 18th Floor, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman:

Marcio Araújo de Lacerda;

Secretary:

Anamaria Pugedo Frade Barros.

I –

The Board approved:

A)

The Technical Feasibility Study on offsetting of tax credits, constituting the grounds for the accounting of deferred tax credits contained in the 2007 financial statements.

B)

The proposal of Board Member Alexandre Heringer Lisboa, that the members of the Board of Directors should authorize their Chairman to call the Ordinary and Extraordinary General Meetings of Stockholders to be held, jointly, on April 25, 2008, at 10.30 a.m.; and, if the minimum quorum is not found, to make second convocation of the stockholders within the legal period.

C)

The Voluntary Dismissal Program, as a permanent program applicable to spontaneous rescissions of employment contracts, and the other criteria applicable to specific situations of the employees who satisfy the requirements for retirement – with the changes proposed by the CEO, Djalma Bastos de Morais.

D)

The proposal of the Board Member Francelino Pereira dos Santos to elect Mr. Djalma Bastos de Morais – Brazilian, married, engineer, resident and domiciled in Belo Horizonte, Minas Gerais, at Av. Bandeirantes 665/401, Sion, CEP 30315-000, holder of identity card 019112140-9 (Army Ministry) and CPF 006633526-49 – as Vice- Chairman, to serve the same remaining period of office as that of the other members of the Executive Board, that is to say until the first meeting of the Board of Directors following the Annual General Meeting of Stockholders of 2009.

E)

The minutes of this meeting.

II –

The Board approved the Report of Management and financial statements for 2008 and the respective complementary documents, and submitted them to the Ordinary and Extraordinary General Meetings of Stockholders to be held on April 30 2008.

III –

The Board authorized:

A)

That the representative of Cemig at the Extraordinary General Meeting of Stockholders of Gasmig should vote in favor of the increase in that company’s capital from R$ 154,656,799.11 to R$ 474,497,206.40, through the issue of 192,805,893 new shares, with issue price of R$ 1.6588725703 per share.

B)

Revision of the Budget Proposal for 2008 to include the resources necessary for Cemig to pay up, in 2008, the shares mentioned in sub-item “A” of this item, in the amount of up to R$ 101,901,151.00.

C)

Signing, with the alteration proposed by the Chairman, of the Technical Cooperation Agreement between the state of Minas Gerais, through its Economic Development Office (SEDE), the Minas Gerais Development Bank (BDMG), the Minas Gerais Economic Development Company (Codemig), the Minas Gerais Integrated Development Institute (INDI) and the Minas Gerais Commercial Board (Jucemg), with period of validity to December 31, 2010, having as its object the formation, within the State Economic Development System, of the State Publicity Center and the Investor Demand Monitoring Center, with participation by BDMG, Cemig, Codemig, INDI and Jucemg, with no transfer of funds or assets between the parties;

IV –

The Board submitted the following proposals to the Ordinary and Extraordinary General Meetings of Stockholders to be held on April 30, 2008:

A)

allocation of the net profit for 2007, in the amount of R$ 1,735,449,000, with the alteration proposed by the 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, to include provision that the decision on extraordinary dividends may take place during 2008, after the decision on the asset acquisition plan specified in the Strategic Plan, as follows:

a)

R$ 86,772,000, or 5% of the net profit, to the Legal Reserve;

b)

R$ 305,573,000 to the Retained Earnings Reserve, for use in investments and payment of expenses, taxes and debt servicing;

c)

R$ 867,725,000 allocated as obligatory dividend to the company’s stockholders, to be paid in two installments, by June 30 and December 30, 2008, which may be brought forward depending on availability of cash on decision by the Executive Board; and

d)

R$ 475,379,000 to be kept in Stockholder’s equity in the Reserve under the Bylaws;

B)

I –

Approval of a capital increase, from R$ 2,432,307,280.00 to R$ 2,481,507,565.00, with issue of 9,840,057 new shares, on capitalization of R$ 49,200,285.00, referring to the incorporation of the portions paid as principal, with monetary updating to December 1995, under Clause Five of the Contract to Assign the Outstanding Balance on the CRC Account signed on May 31, 2005 between the State of Minas Gerais and Cemig, with consequent distribution to stockholders of a bonus of 2.022782458 per cent, in new shares, of the same type as those held and with nominal value of five Reais. The difference between the amount capitalized and the amount corresponding to the payments made by the State of Minas Gerais in relation to installments numbers 1 to 8 of the amortization of the Principal of the said Contract to Assign Credits, adjusted in accordance with the Fifth Amendment to that Contract, will be maintained in the balance for future incorporations.

II –

Consequent redrafting of the head paragraph of Article 4 of the Bylaws, to the following:

“Clause 4: The company’s registered capital is R$ 2,481,507,565.00 (two billion, four hundred and eighty one million, five hundred and seven thousand, five hundred and sixty five Reais), represented by:

a)

216,923,394 (two hundred and sixteen million nine hundred and twenty three thousand three hundred and ninety four) nominal common shares with nominal value of five Reais each;

b)

279,378,119 (two hundred and seventy nine million three hundred and seventy eight thousand one hundred and nineteen) nominal preferred shares with nominal value of five Reais.”

III –

Authorization for the Executive Board to take the following measures in relation to the bonus:

a)

to attribute a bonus of 2.022782458 per cent, in new shares, of the same type as those held and with nominal value of five Reais, to holders of the shares making up the capital of R$ 2,432,307,280.00 whose names are in the company’s nominal share registry on the date of the General Meeting of Stockholders that decides on this proposal;

b)

to sell on a securities exchange the whole numbers of nominal shares resulting from the sum of the remaining fractions, arising from the said bonus and division of the net proceeds of the sale, proportionately, to the holders of the fractions traded;

c)

to pay the result of the sum of the remaining fractions to the stockholders, proportionately, together with the first installment of the dividends for the year 2007; and

d)

to establish that all the shares resulting from this bonus shall have the same rights as those shares from which they originate.

C)

That the representatives of the Company at the Ordinary and Extraordinary General Meetings of Stockholders of Cemig D and Cemig GT, to be held, together, on April 25, 2008, should vote in favor of the agenda.

V –

The Chairman reported receipt of correspondence from the representatives of Southern Electric Brasil Participações Ltda., requesting inclusion, in the agenda of the Ordinary and Extraordinary General Meetings of Stockholders to be held by April 30, 2008, an item relating to resignation or dismissal of members of the Board of Directors and election of new members.

VI –

Abstention: The board member Alexandre Heringer Lisboa abstained from voting on the matter relating to the Voluntary Dismissal Program (PDD), mentioned in Item I, sub-item “C”, above.

VII –

The Chairman reported the death, on February 24, 2008, of the Vice-Chairman Agostinho Patrús.

VIII –

The following voted against the proposal of board member Francelino Pereira dos Santos to appoint the Vice-Chairman, mentioned in Item I, sub-item “D” above:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil and José Augusto Pimentel Pessôa.

IX –

The elected Officer declared that he is not subject to any prohibition on exercise of commercial activity, that he does not occupy any post in a company which may be considered a competitor of the Company, and that he does not have nor represent any interest conflicting with that of Cemig, 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.

X –

The Chairman stated that the members of the Executive Board are now as follows:

CEO and Vice-Chairman:

Djalma Bastos de Morais;

Chief Trading Officer:

Bernardo Afonso Salomão de Alvarenga

Chief Generation and Transmission Officer:

Fernando Henrique Schuffner Neto

Chief New Business Development Officer:

José Carlos de Mattos

Chief Officer for Finance, Investor Relations

Officer and Control of Holdings:

Luiz Fernando Rolla

Chief Corporate Management Officer:

Marco Antonio Rodrigues da Cunha

Chief Distribution and Sales Officer:

José Maria de Macedo

XI –

The board member Wilson Nélio Brumer presented his resignation as a member of the board, as from today’s date.

XII –

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

The Chairman;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Haroldo Guimarães Brasil. José Augusto Pimentel Pessôa, Wilson Nélio Brumer, Francelino Pereira dos Santos and Wilton de Medeiros Daher;

CEO (Vice- Chairman):

Djalma Bastos de Morais

Director:

Luiz Fernando Rolla

Manager:

Márcio Saúde Soares.

The following were present:

Board members:

Marcio Araujo de Lacerda, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, Francelino Pereira dos Santos, Haroldo Guimarães Brasil, José Augusto Pimentel Pessôa, Maria Estela Kubitschek Lopes, Wilson Nélio Brumer, Wilton de Medeiros Daher, Fernando Henrique Schuffner Neto and Francisco de Assis Soares;

CEO (Vice- Chairman):

Djalma Bastos de Morais

Audit Board:

Aristóteles Luiz Menezes Vasconcellos Drummond, Celene Carvalho de Jesus and Luiz Otávio Nunes West

Directors:

Luiz Fernando Rolla

Manager:

Márcio Saúde Soares.

Auditors:

Representatives of KPMG Auditores Independentes;

Secretary:

Anamaria Pugedo Frade Barros.

Date, time and place:

March 25, 2008, at 11.30 a.m. at the company’s head office,

Av. Barbacena 1200, 17^th Floor, A1 Wing, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman: Marcio Araújo de Lacerda;

Secretary: Anamaria Pugedo Frade Barros.

The CEO;

Board members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, José Augusto Pimentel Pessôa, Francisco de Assis Soares, Fernando Henrique Schuffner Neto and Wilton de Medeiros Daher;

Vice-Chairman/CEO:

Djalma Bastos de Morais;

Board Member and Director:

Marco Antonio Rodrigues da Cunha;

Directors:

José Maria de Macedo and Luiz Fernando Rolla;

Superintendents:

Ricardo Luiz Diniz Gomes, José Aloise Ragone Filho, João Carlos Zamagna Bouhid and Alexandre Francisco Maia Bueno

The following were present:

Board Members:

Marcio Araujo de Lacerda, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, José Augusto Pimentel Pessôa, Wilton de Medeiros Daher, Fernando Henrique Schuffner Neto, Guilherme Horta Gonçalves Júnior, Francisco de Assis Soares and Lauro Sérgio Vasconcelos David;

Vice-Chairman/CEO:

Djalma Bastos de Morais;

Board member/Director:

Marco Antonio Rodrigues da Cunha;

Directors:

José Maria de Macedo and Luiz Fernando Rolla;

Superintendents:

Ricardo Luiz Diniz Gomes, José Aloise Ragone Filho, João Carlos Zamagna Bouhid and Alexandre Francisco Maia Bueno, and;

Secretary:

Anamaria Pugedo Frade Barros.

Anamaria Pugedo Frade Barros

Date, time and place:

March 25, 2008, at 9.30 a.m. at the company’s head office,

Av. Barbacena 1200, 18^th Floor, Belo Horizonte, Minas Gerais, Brazil.

Meeting committee:

Chairman: Marcio Araújo de Lacerda
Secretary: Anamaria Pugedo Frade Barros.

CEO (Vice-chairman):

Djalma Bastos de Morais

Board Members:

Andréa Paula Fernandes Pansa, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima and José Augusto Pimentel Pessôa.

Director and Board Member:

Marco Antonio Rodrigues da Cunha

Directors:

Luiz Fernando Rolla.

Superintendent:

Ricardo Luiz Diniz Gomes.

The following were present:

Board Members:

Marcio Araujo de Lacerda, Aécio Ferreira da Cunha, Alexandre Heringer Lisboa, Andréa Paula Fernandes Pansa, Antônio Adriano Silva, Carlos Augusto Leite Brandão, Evandro Veiga Negrão de Lima, José Augusto Pimentel Pessôa, Wilton de Medeiros Daher, Fernando Henrique Schuffner Neto, Guilherme Horta Gonçalves Júnior, Francisco de Assis Soares and Lauro Sérgio Vasconcelos David;

CEO (Vice-chairman):

Djalma Bastos de Morais;

Director and Board Member:

Marco Antonio Rodrigues da Cunha

Directors:

Luiz Fernando Rolla.

Superintendent:

Ricardo Luiz Diniz Gomes.

Secretary:

Anamaria Pugedo Frade Barros.

Anamaria Pugedo Frade Barros

June 13, 2008, at 10 a.m.,

at:

Av. Barbacena 1200, 18^th Floor, Belo Horizonte, Minas Gerais, Brazil,

Usina Térmica Ipatinga S.A.,

Cia. Transudeste de Transmissão S.A.,

Horizontes Energia S.A.,

Transchile Charrúa Transmisión S.A.,

Cemig PCH S.A.,

Empresa Catarinense de Transmissão de Energia S.A.,

Sá Carvalho S.A.,

Empresa Regional de Transmissão de Energia S.A.,

Rosal Energia S.A.,

Empresa Paraense de Transmissão de Energia S.A.,

Usina Termelétrica Barreiro S.A.,

Empresa Norte de Transmissão de Energia S.A.,

Cemig Capim Branco Energia S.A;

Empresa Amazonense de Transmissão de Energia S.A.,

Cia. Transleste de Transmissão S .A.;

Central Hidrelétrica Pai Joaquim S.A.

Cia. Transirapé de Transmissão S.A.,

and

Cia. Centroeste Minas de Transmissão S.A.,

Central Termelétrica de Cogeração S.A.,

Anil,

Lages,

Piau,

Santa Luzia,

Bom Jesus do Galho,

Marmelos,

Pissarrão,

Santa Marta,

Cajuru,

Martins,

Poço Fundo,

São Bernardo,

Dona Rita,

Paciência,

Luiz Dias,

Sumidouro,

Gafanhoto,

Pandeiros,

Poquim,

Tronqueiras,

Jacutinga,

Paraúna,

Rio de Pedras,

and

Joasal,

Peti,

Salto Morais,

Xicão.

·

Anil;

·

Marmelos;

·

Poquim;

·

Bom Jesus do Galho;

·

Martins;

·

Rio de Pedras;

·

Cajuru;

·

Paciência;

·

Salto Morais;

·

Dona Rita;

·

Pandeiros;

·

Santa Luzia;

·

Gafanhoto;

·

Paraúna;

·

Santa Marta;

·

Jacutinga;

·

Peti;

·

São Bernardo;

·

Joasal;

·

Piau;

·

Sumidouro;

·

Lages;

·

Pissarrão;

·

Tronqueiras;

·

Luiz Dias;

·

Poço Fundo;

·

Xicão;

Usina Térmica Ipatinga S.A.,

Cia. Transudeste de Transmissão S.A.,

Horizontes Energia S.A.,

Transchile Charrúa Transmisión S.A.,

Cemig PCH S.A.,

Empresa Catarinense de Transmissão de Energia S.A.,

Sá Carvalho S.A.,

 Empresa Regional de Transmissão de Energia S.A.,

Rosal Energia S.A.,

Empresa Paraense de Transmissão de Energia S.A.,

Usina Termelétrica Barreiro S.A.,

Empresa Norte de Transmissão de Energia S.A.,

Cemig Capim Branco Energia S.A;

Empresa Amazonense de Transmissão de Energia S.A.,

Cia. Transleste de Transmissão S .A.;

Central Hidrelétrica Pai Joaquim S.A.

Cia. Transirapé de Transmissão S.A.,

and

Cia. Centroeste Minas de Transmissão S.A.,

Central Termelétrica de Cogeração S.A.

Anil,

Lages,

Piau,

Santa Luzia,

Bom Jesus do Galho,

Marmelos,

Pissarrão,

Santa Marta,

Cajuru,

Martins,

Poço Fundo,

São Bernardo,

Dona Rita,

Paciência,