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CIG vs NFE

Companhia Energetica De Minas Gerais-CEMIG and New Fortress Energy Inc. Class A Common Stock

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Companhia Energetica De Minas Gerais-CEMIG

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2024, the company operated 36 hydro plants with a total capacity of 4,449.0 MW, 2 wind farms with a total capacity of 70.8 MW, and 10 photovoltaic power stations with a total capacity of 158.99 MW; 357,044 miles of distribution lines; and 4,754 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; installation, operation, maintenance and rental of solar plants; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

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New Fortress Energy Inc. Class A Common Stock

New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and logistics, shipping, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; LNG receiving facility and gas-fired power plant in Baja California Sur, Mexico; and LNG receiving facility in southern coast of Brazil, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

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