Anything that can stop the bleeding that that company was subjected to is welcome. Chumo's greatest achievement has been to stop the bleeding. I see the company has new cars and trucks and things are moving.
However the company is too big and has taken on roles it could do away with. It should not be laying out poles and doing connections other than installing meters.
They can't manage the transmission so they should get out of it and concentrate on selling electricity to consumers. They could invest in generation in partnership with County governments. There are still many rivers to dam and many forests to plant and harvest.
Some other entity should manage the network and charge power companies for usage the way cars pay road licenses (via Mafuta).
A good start. It's a bit surprising that this kind of thing has not been in place all along.