Mike Roan: Meridian Energy CEO on the company posting a multi-million dollar financial loss - Heather du Plessis-Allan Drive

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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