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UES's share price and encourage foreign utilities to buy into generation capacity.
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Despite the problems, foreign utilities are starting to sniff out opportunities.
ECONOMIST: Russian electricity
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Meanwhile, direct investment by foreign manufacturers and utilities in emerging markets has been falling.
ECONOMIST: Riding for a fall
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Yet with congressional elections looming this autumn, the government is reluctant to offer any more to Aguas or the other foreign-owned utilities.
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The ABB unit, based in Sugar Land, Texas, provides products and services to many foreign state-owned electrical utilities.
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Several British water utilities have recently made provisions for foreign deals that have gone sour.
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There are also plenty of smaller sport utilities, too, from Detroit and foreign auto companies.
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The regime eased restrictions on foreign investment, lowered taxes, and sold shares in state-owned banks, utilities, department stores, and other enterprises.
NEWYORKER: The Contenders
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The plus of owning a foreign utility in the emerging markets is these stocks often act as growth stocks, rather than the more stable utilities in the U.S. and Europe.
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