COVID Stimulus Watch Individual Entry

Recipient Company:
PROGRESS ENERGY INC
Loan or Loan Guarantee Amount:
$3,135,660

Recipient Details

Ownership Structure: publicly traded (ticker symbol DUK)

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: Duke Energy
Headquartered in: North Carolina
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 28,793

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $30,000,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $970,436,076
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $4,605,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 122 to 1
CEO Compensation: $15,029,386
Worker Median Pay: $123,608
Tax icon
Total Federal, State, and Local Subsidies: $968,465,949
Federal Corporate Income Tax Rate: -21.4%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources