COVID Stimulus Watch Individual Entry

Recipient Company:

Northern States Power Co/MN

Loan or Loan Guarantee Amount:

$5,186,260

Recipient Details

Ownership Structure: publicly traded (ticker symbol XEL)

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: Xcel Energy

Headquartered in: Minnesota

Parent Sector: utilities and power generation

Parent Industry: power generation

Employees (prior to pandemic): 11,273

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $1,229,322

Consumer Protection / Financial / Competition-related Penalties: $2,544,000

Ratio of CEO Pay to that of Median Worker: 150 to 1

CEO Compensation: $16,898,798

Worker Median Pay: $113,022

Total Federal, State, and Local Subsidies: $6,346,518

Federal Corporate Income Tax Rate: -2.4%