KPLC risks going the KQ way. Needing perpetual state bailouts. Sad because were it not a parastatal this would be a massively profitable business. The same can't be said of KQ which is just in a bad business regardless of how it is run.
After Safaricom and EABL, KPLC comes third in the amount it collects from sales annually. Sadly this is all eaten up by IPP costs, transmission costs, admin costs, hefty interest costs...
(I still smile at the fact that on aggregate Kenyans spend more on their beer than they do their power :)