COVID Stimulus Watch Individual Entry
Recipient Company:
CMS Energy Corp
Loan or Loan Guarantee Amount:
$2,198,125
Recipient Details
Ownership Structure: publicly traded (ticker symbol CMS)
Award Details
Award Date: Nov 12, 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: CMS Energy
Headquartered in: Michigan
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 8,789
Accountability Issues Since 2010
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%
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