COVID Stimulus Watch Individual Entry

Recipient Company:

Monongahela Power Co

Loan or Loan Guarantee Amount:

$1,119,576

Recipient Details

Ownership Structure: publicly traded (ticker symbol FE)

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: FirstEnergy

Headquartered in: Ohio

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 12,316

Employment-related Penalties: $908,545

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $11,300,772

Consumer Protection / Financial / Competition-related Penalties: $230,125,000

Ratio of CEO Pay to that of Median Worker: 98 to 1

CEO Compensation: $14,684,659

Worker Median Pay: $149,550

Total Federal, State, and Local Subsidies: $64,573,592

Federal Corporate Income Tax Rate: -1.1%