COVID Stimulus Watch Individual Entry

Recipient Company:
NIAGARA MOHAWK POWER
Loan or Loan Guarantee Amount:
$1,109,520

Recipient Details

Ownership Structure: publicly traded

Award Details

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
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: National Grid
Headquartered in: United Kingdom
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 23,069

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $7,070,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $242,284
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $22,700,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 86 to 1
CEO Compensation: $2,255,467
Worker Median Pay: $81,307
Tax icon
Total Federal, State, and Local Subsidies: $2,185,495
Subsidy Tracker
Violation Tracker

Details on Accountability data sources