LIGHT S.A.

RELATED-PARTY TRANSACTIONS
On December 31st, 2013, Light S.A. pertained to the controlling group Companhia
Energtica de Minas Gerais CEMIG, Luce Empreendimentos e Participaes S.A. and
Rio Minas Energia Participaes S.A (RME) company controlled by Redentor Energia
S.A.
Below, a summary of related-party transactions occurred in the years ended December
31st, 2013 and 2012:

12.31.2013
Reference

Asset

12.31.2012

Liability

Asset

Liability

2013

2012

Revenue
(Expenses)

Revenue
(Expenses)

(A)

Purchase of electric power

Light SESA x CEMIG

5,337

8,906

(44,007)

(53,026)

(B)

Purchase of electric power

Light SESA x CEMIG

282

259

(2,162)

(2,055)

(C)

Sale of electric power

Light Energia x CEMIG

772

2,327

6,541

15,696

(D)

Charge for the use of the

system Light SESA x CEMIG

171

163

1,102

2,032

(E)

Charge for the use of the

network
Light SESA x CEMIG

378

1,588

(3,258)

(11,242)

(F)

Charge for the use of

network
Light Energia x CEMIG

126

145

(G)

Sale of electric power

Light Ger x Light Energia

(15,157)

(6,077)

(H)

Sale of electric power

Light Ger x CEMIG

1,484

(14,878)

(10,586)

(I)

Charge for the use of the

network
Light SESA x Light GER

237

25

(J)

Consulting service
Light SESA x Axxiom

5,287

1,374

(9,205)

(8,536)

(K)

Service rendering
Light GER x Light Energia

2,876

2,876

(L)

Service rendering
Light Com x Light Energia

(M)

Liabilities of pension plan

11

25

12

1,224,736

25

1,370,738

(122,035)

(120,069)

i. Agreements executed with related parties:

(A) Strategic agreement - Purchase of electric power between Light SESA and
CEMIG.
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$614,049
Duration: Jan/2006 to Dec/2038
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: 30% of remaining balance
Remaining balance: R$ 229,993
(B) Strategic agreement - Purchase of electric power between Light SESA and
CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$37,600
Duration: Jan/2010 to Dec/2039
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: 30% of remaining balance
Remaining balance: R$58,982
(C) Strategic agreement - Sale of electric power between Light Energia and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$156,239
Duration: Jan/2005 to Dec/2013
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$0
(D) Strategic agreement Collection of distribution system usage charges between
Light SESA and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: N/A
Duration: as of Nov/2003
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A

Remaining balance: R$171

(E) Strategic agreement Commitment to the basic electric network usage
charges between Light SESA and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: N/A
Duration: as of Dec/2002
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$378
(F) Strategic agreement - Commitment to the basic electric network usage charges
between Light Energia and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: N/A
Duration: as of Dec/2002
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$ 11
(G) Strategic agreement Sale of electric power between Lightger and Light
Energia
Balance sheet groups: Trade payables x Trade receivables
Relationship: Lightger (jointly-controlled entity)
Original amount: R$217,213
Duration: Dec/2002 to Jan/2028
Terms of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$175,745
(H) Strategic agreement - Sale of electric power between Lightger and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$208,818
Duration: Dec/2010 to Jun/2028
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$1,484

(I) Strategic agreement Commitment to the basic electric network usage charges
between Light SESA and Lightger
Balance sheet groups: Trade payables
Relationship: Lightger (under common control)
Original amount: N/A
Duration: as of Dec/2010. Undetermined duration.
Terms of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$25
(J) Strategic agreement Consulting services between Light SESA and Axxiom
Balance sheet groups: Other payables
Relationship: Light Axxiom (under common control)
Original amount: N/A
Duration: as of Dec/2010. Undetermined maturity.
Conditions of agreement: IGP-M
Conditions of termination or expiration: N/A
Remaining balance: R$5,287
(K) Strategic agreement Related to services between Lightger and Light Energia.
Balance sheet groups: Suppliers
Relationship: Lightger
Original amount: N/A
Duration: December 2012 to June 2014
Conditions of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$2,876
(L) Strategic agreement Related to services between Lightcom and Light Energia.
Balance sheet groups: Suppliers
Relationship: Lightcom
Original amount: R$3,142,959
Duration: December 2013 to December 2016
Conditions of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$3,142,959
(M) Pension Plan - Fundao de Seguridade Social Braslight
Balance sheet groups: Post-employment benefit
Relationship: Braslight

Original amount: R$ 535,052

Duration: June 2001 to June 2026
Conditions of agreement: IPCA+ 6% p.a.
Conditions of termination or expiration: N/A
Remaining balance: R$1,224,736
The subsidiary Light Energia has a purchase contract of 400 MW of installed power
capacity from the portfolio projects of its jointly-controlled entity Renova Energia S.A.,
and 200 MW to be made available as of 2015 and 200 MW from 2016 to 2036.
Related-party transactions have been executed in accordance with the agreements
between the parties.
ii. Management remuneration
Policy regarding remuneration of the Board of Directors, Executive Board and Fiscal
Council (consolidated).
Pro-rata share of each component to the aggregate remuneration for 2013.

Consolidated
2013
Board of
Directors
Fixed remuneration (%)
Variable remuneration (%)
Other (%)

Fiscal Council

100%
-

TOTAL

2012
Board of
Executive
Officers

100%
-

100.0

Board of
Directors

68%
28%
4%

100.0

100%
-

100.0

Board of
Executive
Officers

Fiscal Council
100%
-

100.0

100.0

65%
28%
7%
100.0

Remuneration paid by the Company to the Board of Directors, Executive Board, and
Fiscal Council in 2013:

Consolidated
2013

NUMBER OF MEMBERS (a)

2012

Board of
Directors

Fiscal Council

Board of
Executive
Officers

21.42

10.00

8.00

Total

Board of
Directors

Fiscal Council

Board of
Executive
Officers

Total

39.42

21.25

10.00

8.33

39.58

FIXED REMUNERATION IN THE YEAR

1,655

654

9,151

11,460

1,514

665

9,214

11,393

Salary or pro-labore

1,379

545

5,645

7,569

1,262

554

5,327

7,143

886

886

1,018

1,018

Direct and indirect benefits

Other (b)

276

109

2,620

3,005

252

111

2,869

3,232

VARIABLE REMUNERATION IN THE YEAR

3,844

3,844

3,976

3,976

Bonus
Other

3,182
662

3,182
662

3,976
-

3,976
-

Benefits arising position termination

TOTAL REMUNERATION PER BODY

1,655

654

531

531

13,526

15,835

1,514

665

976

976

14,166

16,345

Average remuneration due to the Board of Directors, Executive Board, and Fiscal
Council in 2013:

Consolidated
2013

NUMBER OF MEMBERS (a)

2012

Board of
Directors

Fiscal Council

Board of
Executive
Officers

21.42

10.00

8.00

Board of
Directors

Fiscal Council

Board of
Executive
Officers

21.25

10.00

8.33

Highest individual compensation (b)

132

106

2,001

104

83

Lowest individual compensation (b)

66

53

1,247

52

41

886

77

65

1,691

71

67

1,701

Average individual compensation

(a)
(b)

(b)

2,356

number of members calculated through the periods weighted average.

including Social Security and FGTS charges.

Overall management remuneration in Light S.A., parent company, for the year of 2013
is R$2,065.