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 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:

Parent Company: Southern Company

Headquartered in: Georgia

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 27,943

Employment-related Penalties: $2,200,474

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $5,537,630

Consumer Protection / Financial / Competition-related Penalties: $250,000

Ratio of CEO Pay to that of Median Worker: 166 to 1

CEO Compensation: $27,865,185

Worker Median Pay: $167,872

Total Federal, State, and Local Subsidies: $2,386,901,458

Federal Corporate Income Tax Rate: 6.5%