LIGHT S.A.

RELATED-PARTY TRANSACTIONS
On June 30, 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:

06.30.2014

Reference

Asset

12.31.2013

Liability

Asset

Liability

01.01.2014 to
06.30.2014

01.01.2013 to
06.30.2013

Revenue
(Expenses)

Revenue
(Expenses)

(A)

Purchase of electric power

Light SESA x CEMIG

526

5,337

(6,752)

(25,252)

(B)

Purchase of electric power

Light SESA x CEMIG

222

282

(1,178)

(505)

(C)

Sale of electric power

Light Energia x CEMIG

772

(D)

Charge for the use of the

system Light SESA x CEMIG

171

356

578

(E)

Charge for the use of the

network
Light
SESA x CEMIG

414

378

(1,823)

(1,567)

(F)

Charge for the use of network

Light Energia x CEMIG

62

62

(G)

Purchase of electric power

Light Energia x Lightger

(8,126)

(7,925)

(H)

Sale of electric power

Light Ger x CEMIG

1,140

1,484

(8,586)

(7,856)

(I)

Charge for the use of the

network
Light
SESA x Light GER

152

130

(J)

Consulting service
Light SESA x Axxiom

491

5,287

(2,256)

(3,214)

(K)

Service rendering
Light
Energia x Lightger

1,204

2,876

(L)

Sale of electric power

Light Energia x Lightcom

36,174

313,050

(M)

Pension plan liabilities

131

1,224,736

(3,539)

(69,856)

(N)

Ativas Data Center

1,146

637

(3,031)

(69,856)

70

10

25

182,370

11

25

3,083

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$300,672
(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$61,742

(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 receivables x Trade payables
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$70
(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$414

(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$ 10

(G) Strategic agreement Purchase of electric power between Light Energia and
Lightger
Balance sheet groups: Trade payables x Trade receivables
Relationship: Lightger (under common control)
Original amount: R$217,213
Duration: Dec/2010 to Jun/2028
Terms of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$0

(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$1,140

(I) Strategic agreement Commitment to the basic electric network usage charges
between Light SESA and Lightger
Balance sheet groups: Trade receivables x Trade payables
Relationship: Lightger (under common control)
Original amount: N/A
Duration: as of Dec/2010. Undetermined duration.
Terms of agreement: regulated 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$491

(K) Strategic agreement Related to services between Light Energia and Lightger.
Balance sheet groups: Trade receivables x Trade payables
Relationship: Lightger (under common control)
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$0

(L) Strategic agreement Related to sale of energy by Light Energia to Lightcom.

Balance sheet groups: Trade receivables x Trade payables
Relationship: Lightcom (under common control)
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$182,370

(M) Pension Plan - Fundao de Seguridade Social Braslight

Balance sheet groups: Post-employment benefit
Relationship: Braslight (sponsor of the foundation)
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$131

(N)

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

Balance sheet groups: Trade payables

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$1,146

The subsidiary Light Energia has a purchase contract of 400 MW of installed power
capacity from the portfolio projects of its jointly controlledRenova Energia S.A., and
200 MW to be made available from 2015 to 2035 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 in the first
semester of 2014 and 2013:

Consolidated
6 months
2014
Board of
Directors
Fixed remuneration (%)

2013
Board of
Executive
Officers

Fiscal Council

100%

100%

Board of
Directors

45%

100%

100%

Variable remuneration (%)

55%

Other (%)

TOTAL

100%

100%

100%

Board of
Executive
Officers

Fiscal Council

100%

52%
42%
6%

100%

100%

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

Consolidated
6 months
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

21.30

10.00

8.00

39.30

FIXED REMUNERATION IN THE PERIOD

863

337

6,568

7,768

812

330

4,823

5,965

Salary or pro-labore

719

281

2,724

3,724

677

275

2,630

3,582

Direct and indirect benefits

421

421

3,423

3,623

135

Other

(b)

144

56

55

417

417

1,776

1,966

VARIABLE REMUNERATION IN THE PERIOD

7,886

7,886

3,844

3,844

Bonus

7,886

7,886

3,182

3,182

Other

662

662

Benefits due to termination of position

TOTAL REMUNERATION PER BODY

863

337

14,454

15,654

812

330

531

531

9,198

10,340

Average remuneration due to the Board of Directors, Executive Board, and Fiscal
Council for in the first semester of 2014 and 2013:
Consolidated
6 months
2014
Board of
Directors
NUMBER OF MEMBERS (a)

22.00

Highest individual compensation (b)

Lowest individual compensation

(b)

Average individual compensation

(a)
(b)

(b)

2013

Fiscal Council

Board of
Executive
Officers

Board of
Directors

Fiscal Council

Board of
Executive
Officers

10.00

8.00

21.30

10.00

8.00

70

56

3,217

54

43

35

28

1,380

27

22

580

39

34

1,807

38

33

1,150

39

34

1,807

38

33

1,150

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 in the first
semester of 2014 is R$1,915 (R$1,160 in the first semester of 2013).

1,556