**Exhibit 2.5**

 

**Cemig GT — 4****th**** Issue of non-convertible debentures — Summary**

 

The Fourth Debenture Issue by Cemig GT: unsecured, nonconvertible debentures, in a single series, for pubic distribution.

 
| **Issue Date:**                                         | December 23, 2013                                                                                                                                                                                                                                                                                        |
|---------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                    |                                                                                                                                                                                                                                                                                                          |
| **Maturity date:**                                      | December 23, 2016                                                                                                                                                                                                                                                                                        |
|                                                    |                                                                                                                                                                                                                                                                                                          |
| **Total amount:**                                       | R$ 500 million                                                                                                                                                                                                                                                                                           |
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| **Restrictions on circulation:**                        | Yes                                                                                                                                                                                                                                                                                                           |
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| **Restriction:**                                        | The Debentures   may be traded in regulated securities markets and only after 90 days or more   from the date of their subscription or acquisition by Qualified Investors.                                                                                                                                    |
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| **Convertibility:**                                     | None.                                                                                                                                                                                                                                                                                                         |
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| **Possibility of redemption:**                          | Issuer has no   possibility of optional early redemption.                                                                                                                                                                                                                                                     |
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| **Remuneratory Interest:**                              | 100% of the DI   Rate, capitalized by a spread of 0.85% per annum (there is no monetary   updating).                                                                                                                                                                                                          |
|                                                    |                                                                                                                                                                                                                                                                                                          |
| **Payment of   the Remuneratory Interest:**   Annually. |
|                                                    |                                                                                                                                                                                                                                                                                                          |
| **Amortization:**                                       | In a single   installment, on the Maturity Date.                                                                                                                                                                                                                                                              |
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| **Renegotiation:**                                      | None.                                                                                                                                                                                                                                                                                                         |
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| **Guarantee:**                                          | Surety guarantee   by Companhia Energética de Minas Gerais — Cemig.                                                                                                                                                                                                                                 |
|                                                    |                                                                                                                                                                                                                                                                                                          |
| **Creditor status:**                                    | No priority:   equal status with other creditors.                                                                                                                                                                                                                                                             |
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| **Restrictions on the Issuer:**                         | None.                                                                                                                                                                                                                                                                                                         |
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| **Early Maturity Events:**                              | The following   are considered to be early maturity events, and shall result in early   maturity of the Debentures and payment by the Issuer of all the amounts owed   to the debenture holders becoming immediately due and payable, independently   of any advice, notice, or court or out-of-court action: |
|                                                    |                                                                                                                                                                                                                                                                                                          |
|                                                    | (i)                                                                                                                                                                                                                                                                                                           | declaration of   bankruptcy, dissolution and/or liquidation of the Issuer and/or of the   Guarantor, or application for Judicial Recovery or out-of-court   reorganization or bankruptcy made by the Issuer and/or by the Guarantor, or   any analogous event that characterizes a state of insolvency of the Issuer   and/or the Guarantor, in accordance with the applicable legislation; |
|                                                    |                                                                                                                                                                                                                                                                                                          |   |
|                                                    | (ii)                                                                                                                                                                                                                                                                                                          | non-compliance   by the Issuer and/or the Guarantor with any pecuniary obligation related to   the Debentures; |
|                                                    |                                                                                                                                                                                                                                                                                                          |   |
|                                                    | (iii)                                                                                                                                                                                                                                                                                                         | early redemption   of any pecuniary obligation of the Issuer and/or of the Guarantor arising   from default on an obligation to pay any individual or aggregate amount   greater than R$ 50 million (fifty million Reais) or its equivalent in   other currencies, whether or not due to contractual non-compliance; |
|                                                    |                                                                                                                                                                                                                                                                                                          |   |
|                                                    | (iv)                                                                                                                                                                                                                                                                                                          | termination, for   any reason, of any of the concession contracts to which the Issuer and/or the   Guarantor is/are a party and which separately or jointly represent an amount   equal to 30% (thirty per cent) or more of the net operational revenue of the   Issuer and/or of the Guarantor, as the case may be, as stated in its/their   last prior financial statements at the time, and in the case of the Guarantor   this percentage shall be calculated in relation to the Guarantor’s   consolidated result; |
|                                                    |                                                                                                                                                                                                                                                                                                          |   |
|                                                    | (v)                                                                                                                                                                                                                                                                                                           | legitimate   protest of securities against the Issuer and/or against the Guarantor, in a global   amount exceeding R$ 50 million (fifty million Reais) or its equivalent   in other currencies, unless made in error or bad faith of a third party   validly proven by the Issuer and/or by the Guarantor, as the case may be, or   unless suspended or cancelled or if guarantees are given in court, |

 

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|                           | and in any case   within a maximum of 30 (thirty) calendar days from the date on which a   written notice sent by the Fiduciary Agent to the Issuer is received;                               |
|--------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                                                                                                                                                           |
|                           | (vi)                                                                                                                                                                                           | non-compliance   by the Issuer and/or by the Guarantor, as the case may be, with any   non-pecuniary obligation specified in the Issue Deed, not cured within 30   (thirty) calendar days from the date on which the written notice sent by the   Fiduciary Agent to the issuer is received; |
|                           |                                                                                                                                                                                           |   |
|                           | (vii)                                                                                                                                                                                          | if the Issuer or   the Guarantor, as the case may be, omits to pay by the maturity date, or does   not take the legal or judicial measures required for non-payment, in relation   to any debt or any other obligation payable by the Issuer and/or the   Guarantor, as the case may be, under any agreement or contract to which it is   a party as a borrower or guarantor, involving an amount of R$ 50 million   (fifty million Reais) or more or its equivalent in other currencies; |
|                           |                                                                                                                                                                                           |   |
|                           | (viii)                                                                                                                                                                                         | privatization,   merger, liquidation, dissolution, extinction, split or any other form of   stockholding reorganization that results in reduction of the registered   capital of the Issuer and/or of the Guarantor, unless it is by reason of an   order of a Court or a regulatory order, or does not cause a change in the   rating of the Issue to a rating lower than the rating of “AA—“ supplied by   Fitch Ratings, or equivalent classification issued by Moody’s or   Standard & Poor’s; and/or |
|                           |                                                                                                                                                                                           |   |
|                           | (ix)                                                                                                                                                                                           | transformation   of the issuer into an unlisted limited company. |
|                           |                                                                                                                                                                                           |   |
| **Conditions for alteration:** | ** **                                                                                                                                                                                     | Except as   specified in the sub-items below, decisions taken by the General Meeting of   Debenture Holders shall require the approval of holders representing at least   2/3 of the debentures of the single series of the Issue: |
|                           |                                                                                                                                                                                           |   |
|                           | (i)                                                                                                                                                                                            | the quorums   expressly specified in other Clauses of the Issue Deed; |
|                           |                                                                                                                                                                                           |   |
|                           | (ii)                                                                                                                                                                                           | changes in   relation to: |
|                           |                                                                                                                                                                                           |   |
|                           |                                                                                                                                                                                           | (a) | any of the   conditions of the remuneration of the Debentures, as specified in Clause 4.2   of the Deed; |
|                           |                                                                                                                                                                                           |   |   |
|                           |                                                                                                                                                                                           | (b) | the   date(s) of payment of any amount(s) payable to the Debenture   Holders, as specified in the Deed; and/or |
|                           |                                                                                                                                                                                           |   |   |
|                           |                                                                                                                                                                                           | (c) | the type or   class of the debentures; |
|                           |                                                                                                                                                                                           |   | and any alterations relating to the matters   mentioned in this sub-item (ii), whether at first or any subsequent   convocation, must be approved by Debenture Holders representing at least   (ninety per cent) of the Debentures in Circulation; and |
|                           |                                                                                                                                                                                           |   |
|                           | (iii)                                                                                                                                                                                          | any alterations   relating to Clause VII of the Issue Deed, which must be approved, whether at   first convocation or at any subsequent convocation, by Debenture Holders   representing at least 90% (ninety per cent) of the Debentures in Circulation. |
|                           |                                                                                                                                                                                           |   |
| **Use of proceeds:**           | The net proceeds   obtained by the Issuer from payment of subscription of the debentures will be   applied in replenishment of the Issuer’s cash position, due to payment of its   debts. |

 

 

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