COVID Stimulus Watch Individual Entry

Recipient Company:
Southern Co/The
Loan or Loan Guarantee Amount:
$2,136,883

Recipient Details

Ownership Structure: publicly traded (ticker symbol SO)

Award Details

Award Date: Oct 8, 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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Southern Company
Headquartered in: Georgia
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 27,943

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $2,200,474
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $5,537,630
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $250,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 166 to 1
CEO Compensation: $27,865,185
Worker Median Pay: $167,872
Tax icon
Total Federal, State, and Local Subsidies: $2,386,901,458
Federal Corporate Income Tax Rate: 6.5%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources