COVID Stimulus Watch Individual Entry
Recipient Company:
APPALACHIAN POWER CO
Loan or Loan Guarantee Amount:
$2,206,922
Recipient Details
Ownership Structure: publicly traded (ticker symbol AEP)
Award Details
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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: American Electric Power
Headquartered in: Ohio
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 17,408
Accountability Issues Since 2010
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%
Violation Tracker
Employment Issues
Contracting Issues