* Cemig has initial interest in some Rede companies
* Rede was seized by regulators on recent debt woes
* Cemig might take part in new oil and gas auctions
By Leonardo Goy
BRASILIA, Sept 27 Cemig Chief
Executive Djalma Bastos de Morais said on Thursday that Brazil's
No. 2 electricity producer is "interested" in some assets of
smaller rival Grupo Rede Energia, which was recently
seized by regulators after repeated service glitches and its
failure to reduce debt.
Morais, speaking to reporters in Brasilia, declined to say
which units or assets of Rede Cemig would be willing to bid for.
Cemig is majority-owned by the Brazilian state of Minas Gerais.
Energy regulator Aneel voted on Aug. 31 to seize eight units
of debt-laden Rede Energia, marking the strongest-ever state
intervention in the sector to avert a halt in power service in
six states. This month, President Dilma Rousseff agreed to
extend dozens of licenses that are due to expire through 2015 on
the condition that utilities cut rates for final consumers.
Morais also said that Cemig might bid for a new round of
auctions aimed at selling exploration rights in oil and gas next
year. Cemig already has a license to explore for natural gas in
Brazil's San Francisco Basin, which are located in the state of
Common shares of Cemig fell 1.3 percent on Thursday to 25.05