Q&A: Gary Germeroth, chief risk officer at Calpine
Gary Germeroth, chief risk officer at US independent power producer Calpine, speaks to Pauline McCallion about the company, Dodd-Frank regulation and managing the risks related to renewable energy generation
Calpine is now one of the largest wholesale marketers of natural gas and geothermal power in the US. But last decade it was one of three large independent power producers (IPPs) to restructure under Chapter 11 bankruptcy protection due to the credit constraints and plunging power prices that rocked the energy sector in the aftermath of Enron's collapse in 2001. Filing for Chapter 11 protection allowed these US companies to protect their businesses and continue operations while they restructured
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