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Power barons pocket $62m, slash Vales Point value

Elouise Fowler
Elouise FowlerReporter
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Power barons Trevor St Baker and Brian Flannery have slashed the value of the Vales Point power station by almost half despite posting a profit and pocketing a $62 million dividend from the NSW coal plant they bought for $1 million from the state government.

Trevor St Baker. Christopher Pearce

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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    Original URL: https://www.afr.com/companies/energy/power-barons-pocket-62m-slash-vales-point-value-20201130-p56j6o