The company was privatized by the Brazilian federal government in 1996 when it was bought by a consortium of Houston Industries, AES Corp, and Électricité de France for US$1.7 billion.
In 2006, 78.4% stake was bought by Rio Minas Energia Participações S.A. Electrical power infrastructure in Rio de Janeiro was originally developed in the first half of the 20th century by the Rio de Janeiro Tramway, Light and Power Company, a company financed with foreign capital and legally domiciled in Toronto, Canada.
The Canadian company, which had in the meantime diversified to other areas, still exists under the name Brookfield Asset Management.
This article about a company or corporation involved in the energy industry is a stub.
You can help Wikipedia by expanding it.This Brazilian corporation or company article is a stub.