COVID Stimulus Watch Individual Entry

Recipient Company:
Loan or Loan Guarantee Amount:

Recipient Details

Ownership Structure: publicly traded (ticker symbol WEC)

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:

Parent Company Data

Parent Company: WEC Energy Group
Headquartered in: Wisconsin
Parent Sector: utilities and power generation
Parent Industry: utilities
Employees (prior to pandemic): 7,509

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $49,236,231
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $307,489,735
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $18,955,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 73 to 1
CEO Compensation: $9,262,101
Worker Median Pay: $127,703
Tax icon
Total Federal, State, and Local Subsidies: $168,215,399
Federal Corporate Income Tax Rate: -19.2%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources