COVID Stimulus Watch Individual Entry

Recipient Company:

NIAGARA MOHAWK POWER

Loan or Loan Guarantee Amount:

$1,109,520

Recipient Details

Ownership Structure: publicly traded (ticker symbol LSE: NG)

Award Date: Jul 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: National Grid

Headquartered in: United Kingdom

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 23,069

Employment-related Penalties: $7,070,000

Government-contracting-related Penalties: $6,000,000

Environmental / Healthcare / Safety Penalties: $28,397,284

Consumer Protection / Financial / Competition-related Penalties: $42,175,000

Ratio of CEO Pay to that of Median Worker: 86 to 1

CEO Compensation: $2,255,467

Worker Median Pay: $81,307

Total Federal, State, and Local Subsidies: $2,185,495