The recent energy crisis has rippled out to the big companies, with Meridian the latest to take a significant financial hit.

Meridian Energy recently confirmed a $452-million-dollar loss, after being hit by periods of low wind, two major droughts, and a shortage of gas.

CEO Mike Roan says the company's been through a tough year, but they managed to shield customers from the high prices.

"We took a hit, no question about that - but we kept the lights on, so electricity flowed to people."

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The recent energy crisis has rippled out to the big companies, with Meridian the latest to take a significant financial hit.
Meridian Energy recently confirmed a $452-million-dollar loss, after being hit by periods of low wind, two major droughts, and a shortage of gas.
CEO Mike Roan says the company's been through a tough year, but they managed to shield customers from the high prices.
"We took a hit, no question about that - but we kept the lights on, so electricity flowed to people."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Mike Roan: Meridian Energy CEO on the company posting a multi-million dollar financial loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6adbf760-30a0-448b-a6b8-b346006db2c9/transcript