Exhibit 11

Statement of Ethics Principles and Code of  Professional Conduct

Our
Statement of Ethics Principles and
Our Responsibilities

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Statement of Ethics Principles and Code of Professional Conduct

SUMMARY

Introduction

Purpose
and Application

Our
Statement of Ethics Principles and Our Responsibilities:



Glossary

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INTRODUCTION

To
the Employees, Managers, Directors and members of the Board of Directors and Audit Committee of CEMIG:

More
than 50 years have passed since the creation of CEMIG by then-governor and later president of Brazil, Juscelino Kubitschek de Oliveira.

Initially
conceived as a way to encourage progress in the state of Minas Gerais, CEMIG's trajectory was marked by its continuous efforts to provide quality energy that met the needs of
society.

The
premises on which CEMIG was built are the quality of its services and products, social responsibility, and profitability in management of the Company's businesses. CEMIG currently
has more than five million consumers and operates electricity generation plants, transmission lines, distribution networks, gas companies and Infovias.

"Our
Ethics Principles and Our Responsibilities" are a representation of the CEMIG culture as forged by the actions of our employees, managers and administrators. These principles and
responsibilities typify the way in which we conduct our businesses, considering the innumerable challenges of a market that is ever more demanding and competitive.

Our
Ethics Principles should direct our decisions and choices in all the locations where CEMIG is present.

Our
Responsibilities define the rules for our performance, directing us as to how we should conduct ourselves in day-to-day situations.

CEMIG
hopes that we will all continue to maintain and administer the tradition of Company solidarity and integration that has marked our history, and that we will fulfill our mission to
act profitably in the energy sector with quality and social responsibility.

CEMIG
Board of Directors

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PURPOSE AND APPLICATION

The purpose of CEMIG's Statement of Ethics Principles and Code of Professional Conduct is:



This
Code applies to employees, managers, administrators (Board of Directors and Executive Directors), and members of CEMIG's Audit Committee and its affiliates and wholly owned
subsidiaries.

It
may also apply to contractors and service providers in those cases in which it is defined as a contractual obligation.

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Our Statement of Ethics Principles and Our Responsibilities:

PRINCIPLE No. 1: COMMITMENT TO HEALTH AND SAFETY

CEMIG prioritizes the health and safety of its own personnel, service providers, contractors and third parties. The Company seeks to prevent accidents and
incidents in its activities through development of techniques and implantation of systems that assure the effectiveness of its actions.

THAT IS:

CEMIG considers the adoption and maintenance of good work safety practices as fundamental in assuring the integrity and health of its employees, service
providers, contractors and third parties. Accident prevention activities and promotion of health are part of its institutional goals.

As employees, managers, administrators and members of CEMIG's Audit Committee we should:



We should not:



Additional responsibilities of managers:



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PRINCIPLE No. 2: COMMITMENT TO THE CLIENT

We want to always be recognized for excellence in the performance of services and in our relationships with clients. Our goal is to offer reliable energy at a
cost that is compatible with the needs of our society. Reliable information in serving our clients is another premise of our activity.

THAT IS:

CEMIG continually seeks to conduct respectful and courteous relationships with its clients, ensuring that the costs of its services represent values that are
compatible with the supply of energy intended for development and market growth. CEMIG prioritizes quality in the performance of its activities, assured by technical and economic investments, employee
training and the use of appropriate technologies. Our employees are motivated to seek to improve the quality standard of our services.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



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PRINCIPLE No. 3: COMPLIANCE WITH THE LAW AND COMMITMENT TO THE BEST CORPORATE GOVERNANCE PRACTICES

CEMIG conducts its businesses and activities in order to add value to its investments and to the Company, acting in a way that is coherent with the law. CEMIG
considers the requirements of good corporate governance and prioritizes relationships of reliability, integrity and respect with shareholders, investors, clients, employees, suppliers, society and the
government. In the development of its reports, clarity, accuracy, objectivity and punctuality of information prevail.

THAT IS:

CEMIG works in a way that guarantees economic, financial and image gains, fulfilling its corporate and social functions. Compliance with applicable laws in its
businesses and procedures is established as a premise in the performance of its activities. The Company is dedicated to adopting Corporate Governance practices and the legislation of domestic and
international capital markets.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



Additional responsibilities of the administrators:



Additional responsibilities of the administrators and members of the Audit Committee:



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PRINCIPLE No. 4: PROFESSIONAL INTEGRITY

CEMIG recognizes and values professional conduct guided by dedication to Company activities and in integrity in interactions with work colleagues, partners,
clients and society in general. CEMIG respects its employees, contractors and service providers, and hopes that each one disciplines his actions based on the law, orients himself through truth in the
performance of his duties and defends, as a moral and professional obligation, the interests of the Company and society.

THAT IS:

We define the employee's Professional Integrity as competence in the workplace, valorization of transparency, respect in relationships, and the ability to align
personal and professional interests and objectives with those of CEMIG. Our results further depend on the prudent and responsible conduct of everyone regarding the Company's confidential matters.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



Additional responsibilities of managers:



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PRINCIPLE No. 5: ENVIRONMENTAL AND SOCIAL RESPONSIBILITY

CEMIG recognizes and emphasizes protection of the environment in all its processes and installations. In addition, it supports responsible activities that improve
the quality of life of the various populations with which it interacts.

THAT IS:

In its planning and in the performance of its activities, CEMIG considers as necessary: environmental protection, aiding social development of the populations in
the locations in which it is present, and
acting so as to retain respectful and cooperative relationships with its consumers, the community, suppliers, governments and other parties involved in its activities.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:

In relation to the environment:



In relation to social responsibility, we should:



Additional responsibilities of managers:



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PRINCIPLE No. 6: COMPLIANCE WITH INTERNAL STANDARDS AND INSTRUCTIONS

CEMIG has internal standards and instructions as instruments of control that establish the criteria for performing its activities and routines. These are updated
according to changes in legislation and Company needs. We guarantee the scope of CEMIG's objectives through compliance with these organizational rules, which favor standardization of corporate
conduct.

THAT IS:

The dispersal and geographic dimension of our installations and the multiple facets that comprise CEMIG's operating universe impose the need for a normative and
disciplinary standard, which is continually updated. CEMIG's normative body includes directives, norms, instructions and circulars that
establish, modify or regulate Company processes and routines. The standards and instructions are intended to systematize, standardize and communicate planning, project, normalization, construction,
operation and maintenance issues related to CEMIG's activities. The circulars are intended to provide information on deliberations, resolutions, general orders, recommendations and other internal
communications.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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PRINCIPLE No. 7: PRESERVATION OF CEMIG's INSTITUTIONAL IMAGE AND BRAND

CEMIG's image is intangible patrimony of immeasurable value that has been built over a long period of time. This value is transferred to the CEMIG brand, which
merits the same care afforded the Company's image, as the Company "CEMIG" is found wherever the "CEMIG" brand happens to be. Our intellectual property is also an asset to be protected and valued.

THAT IS:

The CEMIG brand represents the sustainable strength of our Company. CEMIG's Visual Identity and Image have strategic and economic value because they represent
technical quality and a culture guided by coherence, dynamism, and the combined and directed force in the Company. CEMIG protects its intellectual property (industrial property and authorial rights)
and controls the use of its image.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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PRINCIPLE NO. 8: PROTECTION OF PATRIMONY

CEMIG constantly protects its patrimony, which is also the patrimony of its shareholders and of the society of Minas Gerais and Brazil. The Company disciplines
use of resources and assets through internal instructions for appropriate planning and control, aligning availability, cost, quality and rationalization.

THAT IS:

CEMIG institutes standards and instructions to protect its assets and resources, defining responsibilities in relation to assets, resources and Company means.
Installations include offices, deposits, storage, plants, substations, transmission lines, distribution networks for energy, telecommunications and gas pipelines, and they require care and maintenance
in order to assure their integrity, appropriate operational use and their value as Company patrimony. CEMIG's materials, equipment, vehicles and other assets should be treated in a manner that is
controlled, responsible and rational in order to avoid losses or poor usage that would result in losses to the Company.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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PRINCIPLE No. 9: RELATIONSHIP WITH SOCIETY AND THE PRESS

Our communication with society and the press is governed by responsible, clear and opportune information that preserves the confidence of our clients and the
public in general. We seek to improve our communications in order to avoid erroneous or partial interpretations that may harm the Company's image.

THAT IS:

The frequent presence of CEMIG or its products and services in the media, through both announcements and news, makes it a former of opinions, which increases our
responsibility in terms of the quality of information provided and justifies the investments that the Company makes in its instruments of communication and divulgation.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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PRINCIPLE No. 10: RELATIONSHIP WITH SUPPLIERS AND CONTRACTORS

CEMIG is a large-scale purchaser of materials and services and relies on its experience to make acquisitions and technically evaluate suppliers in domestic and
international markets. In its relationships with suppliers and contractors, it is directed by the basic rules of public bidding.

THAT IS:

The acquisition of goods and services, as well as the training of suppliers, are carried out by CEMIG as determined by Federal Law No. 8.666/93, and the
Company's internal standards. Corporate procedures guarantee equable treatment of suppliers, establishing requirements for legal training, proof of paid taxes, and technical and economic-financial
qualification. CEMIG invests continuously in the training of its professionals and in establishing technical standards for appropriate acquisition and contracting of goods and services.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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PRINCIPLE No. 11: APPROPRIATE USE OF INFORMATION AND RESOURCES AND INFORMATION TECHNOLOGY

Information is a valuable asset to CEMIG that should be appropriately utilized, managed and protected. Also forming part of the Company's patrimony is all
technical and technological knowledge (publications, reports, projects, work specifications and other items) that guarantee CEMIG quality. Technology affects the value of the Company's activities and
allows it to gain a competitive advantage through safe and efficient use of its resources and information technology.

THAT IS:

CEMIG's private information provides a competitive differential in obtaining good results within the Company and the creation of new business opportunities. We
recognize the need to treat this information with the care necessary to preserve its value to the Company and to avoid damages due to inopportune divulgation, loss or undue alteration. We are aware
that use of resources and information technology is fundamental for good performance of our activities, which obligates us to adopt a series of measures and controls intended to guarantee that
information security objectives are met.

OUR RESPONSIBILITIES:

As employees, managers, administrators and members of CEMIG's Audit Committee, we should:



We should not:



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GLOSSARY:

Accident:any unscheduled eventthatnegatively interferes in production
activity.

Administrator(s):member(s) of the Board of Directors and the Executive Directors of CEMIG.

Client:a consumer or client, as established in the General Conditions of Electric Energy Supply, is any physical person or
legal entity that requests electric energy supply from the concessionaire and assumes responsibility for bill payment and the other obligations established in the norms and regulations of ANEEL
(National Electric Energy Agency).

Conflicts of interest:related to choices and decisions determined by personal interest (financial or other) in detriment to
the interests of the Company; according to the Code of Best Corporate Governance Practices of the Brazilian Institute of Corporate GovernanceIBGC: "There is a conflict of interest when
someone is not independent in relation to the matter under discussion and may influence or make decisions motivated by interests different from those of society."

Contractor:the designation for temporary labor intended to perform special services at the installations of the Company,
including transmission lines and electricity and telecommunications distribution networks. This concept does not extend to performance of services in third-party installations (workshops,
laboratories, offices, etc.,), as well as indirectly involved personnel, such as a contractor's administrative personnel.

Subsidiary:a company in which CEMIG owns partnerships rights that assure it, in perpetuity, directly or through its
affiliates, prevalence in partnership deliberations and the power to elect the majority of the administrators.

Employee(s):physical person(s) that maintain(s) a direct working relationship with CEMIG.

Supplier:this is the generic designation that includes "project contractor," "service provider" and "materials supplier."

Managers:Managers, Assistants and Vice Presidents of CEMIG.

Corporate Governance:this is the system or group of practices that allows the partners the strategic management of their
company and the effective monitoring of executive direction, with the purpose of increasing the company's value, improving its performance, facilitating access to lower-cost capital, and
contributing to its perpetuation.

Visual Identity:the personalized ways in which CEMIG represents itself to the communities in which it is present.

Image:that which is transmitted and captured as the overall opinion of the public.

Intranet:network of computers internal to the Company (Cemig Net).

Brand:a symbol, a distinct sign that may be perceived visually, a figure, a name or a phrase, whose purpose is to identify
products and services, distinguishing them from others existing in the market.

Communication materials:graphics pieces, gifts, plaques, banners, ribbons, buttons, films, video tapes, newspapers, reports,
home pages.

Means and resources:All that which an employee may use as facilities and resources offered by the Company, to be used in the
development of his functions (corporate credit card, vehicles, agreements, etc.).

Intellectual property:property resulting from creations from the human mind. Depending on the type of creation, the
following protections are available, among others: authorial rights (protects literary and technical projects, designs, photographs, videos, music, audio tapes, computer programs, etc.);

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patents
and industrial design (allow inventors to exclude others from making, using or selling their inventions); registered brands (restricts their use by third parties; in some circumstances they
may be protected even without registration).

Publicity:all distributions paid for by the Company, such as: institutional and service announcements, clarifications to the
population regarding legal issues, energy interruptions, recruitment, etc.

Users (of information technology):employees and contractors duly authorized to use information technology means and
resources.

Veteran:employee qualified in any activity due to having performed it for a long time.

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