Lots of discussion about the AC busses, looks like an ELMS failure to me. Electrical Load Management System going haywire.
I'm pretty sure the ACE's (Flight Control System) are powered by 28v DC from PMG's (Permanent Magnet Generators on each of the engines) which is independent of all the AC power distribution systems. The fly by wire system would likely have been unaffected by the loss of AC power on the three busses.
It is interesting to hear that the RAT did not reconnect AC power to the busses. Were both bus tie circuit breakers tripped? or was the ELMS load shedding everything? How is it the transfer bus remained unpowered with the Rat deployed???
Hat's off to the crew, very impressive presence of mind and aviation skills.