COVID Stimulus Watch Individual Entry

Recipient Company:

WEC Energy Group Inc

Loan or Loan Guarantee Amount:

$2,059,158

Recipient Details

Ownership Structure: publicly traded (ticker symbol WEC)

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: WEC Energy Group

Headquartered in: Wisconsin

Parent Sector: utilities and power generation

Parent Industry: utilities

Employees (prior to pandemic): 7,509

Employment-related Penalties: $49,236,231

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $309,272,935

Consumer Protection / Financial / Competition-related Penalties: $37,455,000

Ratio of CEO Pay to that of Median Worker: 73 to 1

CEO Compensation: $9,262,101

Worker Median Pay: $127,703

Total Federal, State, and Local Subsidies: $168,215,399

Federal Corporate Income Tax Rate: -19.2%