Somebankersthink it willbecomeablue-chip stock, asthebiggestof the firmscreatedamidtherecentbreak-upandpartialprivatisationof UES, Russia's former powermonopoly.
Ken Lay was the only energy executive to meet privately with Vice President Dick Cheney to help shape the administration's new energy policy -- which included a recommendation to breakupmonopoly control of electricity transmission networks, a longtime Enron goal.
Take telecoms: China's early decision to deregulate the sector and breakup the state monopoly into four competing firms two fixed-line (China Telecom and China Netcom) and two mobile (China Mobile and China Unicom) was widely admired.
One is to privatise the electricity boards, end Coal India's de facto monopoly or break it up, create new regulators and give teeth to existing ones, and then hope that market forces raise standards, tariffs and production.