COVID Stimulus Watch Individual Entry

Recipient Company:

CMS Energy Corp

Loan or Loan Guarantee Amount:

$2,221,059

Recipient Details

Ownership Structure: publicly traded (ticker symbol CMS)

Award Date: Aug 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:

Parent Company: CMS Energy

Headquartered in: Michigan

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 8,789

Employment-related Penalties: $1,038,041

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $11,102,570

Consumer Protection / Financial / Competition-related Penalties: $1,581,000

Ratio of CEO Pay to that of Median Worker: 73 to 1

CEO Compensation: $8,986,702

Worker Median Pay: $122,783

Total Federal, State, and Local Subsidies: $69,199,070

Federal Corporate Income Tax Rate: -8.7%