Weakly nonlinear composite conductors are characterized by position-dependent dissipation potentials expressible as an additive composition of a quadratic potential and a nonquadratic potential weighted by a small parameter. This additive form carries over to the effective dissipation potential of the composite when expanded to first order in the small parameter. However, the first-order correction of this asymptotic expansion depends only on the zeroth-order values of the local fields, namely, the local fields within the perfectly linear composite conductor. This asymptotic expansion is exploited to derive the exact effective conductivity of a composite cylinder assemblage exhibiting weak nonlinearity of the power-law type (i.e., power law with exponent m=1 + δ such that |δ| <<1), and found to be identical (to first order in δ) to the corresponding asymptotic result for sequentially laminated composites of infinite rank. These exact results are used to assess the capabilities of more general nonlinear homogenization methods making use of the properties of optimally selected linear comparison composites.