The corporate regulator is suing the holding company for the Vales Point coal-fired power station in NSW in civil proceedings, accusing the entity of market manipulation of energy futures contracts.
The Australian Securities and Investments Commission said the alleged manipulation took place between September and October 2022.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
