LIGHT S.A.

RELATED-PARTY TRANSACTIONS
On March 31, 2014, 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 periods stated:

03.31.2014
Reference

Asset

12.31.2013

Liability

Asset

Liability

03.31.2014

03.31.2013

Revenue
(Expenses)

Revenue
(Expenses)

(A)

Purchase of electric power

Light SESA x CEMIG

678

5,337

(5,244)

(14,501)

(B)

Purchase of electric power

Light SESA x CEMIG

287

282

(638)

(605)

(C)

Sale of electric power

Light Energia x CEMIG

772

883

(D)

Charge for the use of the

system Light SESA x CEMIG

102

171

143

287

(E)

Charge for the use of the

network
Light
SESA x CEMIG

420

378

(915)

(806)

(F)

Charge for the use of network

Light Energia x CEMIG

31

32

(G)

Sale of electric power

Light Ger x Light Energia

4,097

(H)

Sale of electric power

Light Ger x CEMIG

1,485

1,484

(4,312)

(I)

Charge for the use of the

network
Light
SESA x Light GER

76

(J)

Consulting service
Light SESA x Axxiom

(891)

(1,291)

(K)

11

25

11

25

608

620

Service rendering
Light
GER x Light Energia

102

2,876

307

(L)

Service rendering
Light
Com x Light Energia

92,848

177,438

(M)

Pension plan liabilities

1,224,736

(3,539)

(39,398)

(N)

Data Center Assets

684

601

(1,426)

(1,052)

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$239,821
(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$61,790

(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$102
(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$420

(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-owned subsidiary)
Original amount: R$217,213
Duration: Dec/2002 to Jun/2028
Terms of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$186,805

(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$1,485

(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$608

(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$102

(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$2,965,521

(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$0

(N)Strategic agreement related to services between Ativa Data Center and Light.

Balance sheet groups: Suppliers

Relationship: Ativas Data Center
Original amount: R$16,393
Duration: August 2011 to January 2016
Conditions of agreement: Market prices

Conditions of termination or expiration: Failure to comply with any contractual index for 3
consecutive months
Remaining balance: R$5,476

The subsidiary Light Energia has a purchase contract of 400 MW of installed power capacity from the
portfolio projects of its jointly-owned subsidiary 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 the first quarter of 2014 and 2013.

Consolidated
1st quarter
2014
Board of
Directors
Fixed remuneration (%)
Variable remuneration (%)

2013

Fiscal Council

100%
-

TOTAL

Board of
Executive
Officers

100%
-

100.0

Board of
Directors

100%
-

100.0

100%
-

100.0

Board of
Executive
Officers

Fiscal Council
100%
-

100.0

76%
24%

100.0

100.0

Remuneration paid by the Company to the Board of Directors, Executive Board, and Fiscal Council for the
first quarter of 2014 and 2013:

Consolidated
1st quarter
2014

NUMBER OF MEMBERS (a)

Board of
Directors

22.00

2013

Fiscal Council

Board of
Executive
Officers

10.00

8.00

Total

Board of
Directors

Fiscal Council

Board of
Executive
Officers

Total

40.00

22.00

10.00

8.00

40.00

FIXED REMUNERATION IN THE PERIOD

421

163

1,873

2,457

388

164

1,749

2,301

Salary or pro-labore

351

136

1,300

1,787

323

137

1,209

1,669

Direct and indirect benefits

209

209

201

201

364

461

339

431
552

Other

(b)

70

27

65

27

VARIABLE REMUNERATION IN THE PERIOD

552

Other

552

552

TOTAL REMUNERATION PER BODY

421

163

1,873

2,457

388

164

2,301

2,853

Average remuneration due to the Board of Directors, Executive Board, and Fiscal Council for the first
quarter of 2014 and 2013:

Consolidated
1st quarter
2014

NUMBER OF MEMBERS

Board of
Directors

Fiscal Council

22.00

10.00

8.00

(a)

Highest individual compensation

Lowest individual compensation

(b)

(b)

Average individual compensation

2013
Board of
Executive
Officers

(b)

Board of
Directors

Fiscal Council

Board of
Executive
Officers

22.00

10.00

8.00

34

27

265

26

21

296

17

13

222

13

11

168

19

16

234

18

16

288

(a)

number of members calculated through the periods weighted average.

(b)

including Social Security and FGTS charges.

Overall management remuneration in Light S.A., parent company, for the first quarter of 2014 is R$438
(R$428 in the first quarter of 2013).