COVID Stimulus Watch Individual Entry

Recipient Company:

Progress Energy Inc

Loan or Loan Guarantee Amount:

$2,093,280

Recipient Details

Ownership Structure: publicly traded (ticker symbol DUK)

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: Duke Energy

Headquartered in: North Carolina

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 28,793

Employment-related Penalties: $30,000,000

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $996,076,659

Consumer Protection / Financial / Competition-related Penalties: $4,605,000

Ratio of CEO Pay to that of Median Worker: 122 to 1

CEO Compensation: $15,029,386

Worker Median Pay: $123,608

Total Federal, State, and Local Subsidies: $968,465,949

Federal Corporate Income Tax Rate: -21.4%