Daniel Balakov/E+ via Getty Images Cemig (NYSE:CIG) is a state-owned company in the electricity sector, operating mainly in the state of Minas Gerais. It operates in all sub-segments of electricity, owning generators, such as Furnas, transmission operations, such as through its shareholding in Taesa S.A. (a listed company in Brazil), as well as distribution, which is the main contributor to results. Being in the electricity business, the company can be considered a bond proxy, with stable operations and sus ...