COVID Stimulus Watch Individual Entry

Recipient Company:

AMERICAN ELECTRIC POWER

Loan or Loan Guarantee Amount:

$3,139,745

Recipient Details

Ownership Structure: publicly traded (ticker symbol AEP)

Award Date: Jul 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Headquartered in: Ohio

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 17,408

Employment-related Penalties: $492,323

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $12,798,257

Consumer Protection / Financial / Competition-related Penalties: $2,445,360

Ratio of CEO Pay to that of Median Worker: 109 to 1

CEO Compensation: $14,492,436

Worker Median Pay: $132,611

Total Federal, State, and Local Subsidies: $679,461,732

Federal Corporate Income Tax Rate: -1.6%