COVID Stimulus Watch Individual Entry

Recipient Company:

Connecticut Light and Power Co/The

Loan or Loan Guarantee Amount:

$2,097,944

Recipient Details

Ownership Structure: publicly traded (ticker symbol ES)

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: EverSource Energy

Headquartered in: Massachusetts

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 8,234

Employment-related Penalties: $250,000

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $253,724,735

Consumer Protection / Financial / Competition-related Penalties: $88,675,000

Ratio of CEO Pay to that of Median Worker: 148 to 1

CEO Compensation: $19,806,088

Worker Median Pay: $133,899

Total Federal, State, and Local Subsidies: $22,236,793

Federal Corporate Income Tax Rate: 8.1%