COVID Stimulus Watch Individual Entry

Recipient Company:
Firstenergy Corp
Loan or Loan Guarantee Amount:

Recipient Details

Ownership Structure: publicly traded (ticker symbol FE)

Award Details

Award Date: Jun 28, 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 Data

Parent Company: FirstEnergy
Headquartered in: Ohio
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 12,316

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $908,545
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $11,300,772
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $230,125,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 98 to 1
CEO Compensation: $14,684,659
Worker Median Pay: $149,550
Tax icon
Total Federal, State, and Local Subsidies: $64,573,592
Federal Corporate Income Tax Rate: -1.1%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources