Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 4
2.1 Definitions 5
2.2 Methodology 7
2.3 Abbreviations 7
2.4 Market Positioning 8
2.4.1 Customers 8
2.4.2 Suppliers 9
2.5 UK Economy 9
2.6 Market Factors 13
3. MARKET SUMMARY 14
3.1 Chapter Summary 15
3.2 Total Capital Investment by the Utilities 16
3.3 Forecast Total Capital Investment by the Utilities 20
4. WATER INDUSTRY 23
4.1 Chapter Summary 24
4.2 Capital Expenditure, 2003/04-2007/08 25
4.3 Water Related Capital Expenditure in England & Wales 32
4.3.1 Water Resources Expenditure 33
4.3.2 Water Treatment Expenditure 34
4.3.3 Water Distribution Expenditure 36
4.3.4 General Water Expenditure 40
4.3.5 Scotland 42
4.3.6 Northern Ireland 44
4.4 Sewerage Expenditure 45
4.4.1 Sewage Treatment 49
4.4.2 Other Expenditure 50
4.4.3 Scotland 51
4.4.4 Northern Ireland 53
4.5 Future Expenditure 54
4.5.1 Forecast Capital Expenditure, 2008/09-2012/13 60
5. ELECTRICITY INDUSTRY 68
5.1 Chapter Summary 69
5.2 Capital Expenditure in the Electricity Generation Sector 69
5.3 Capital Expenditure in the Electricity Transmission Sector 74
5.4 Capital Expenditure in the Electricity Distribution Sector 77
5.5 Forecast Capital Expenditure in the Electricity Generation Sector 81
5.6 Forecast Capital Expenditure in the Electricity Transmission Sector 83
5.7 Forecast Capital Expenditure in the Electricity Distribution Sector 88
6. GAS INDUSTRY 91
6.1 Chapter Summary 92
6.2 Capital Investment in the Gas Distribution Sector 92
6.2.1 Reported Capital Expenditure 96
6.2.2 Reported Repex Capital Expenditure 98
6.2.3 Overspend in Total Capital Expenditure 101
6.3 Capital Expenditure in the Gas Transmission Sector 103
6.4 Forecast Capital Investment in the Gas Distribution Sector 104
6.4.1 Forecast Gas Distribution Capital Expenditure 107
6.4.2 Forecast Repex Capital Expenditure 108
6.5 Forecast Capital Investment in the Gas Transmission Sector 110
7. SUPPLY INDUSTRY STRUCTURE 112
7.1 Chapter Summary 113
7.2 Companies 113
7.2.1 Skanska 113
7.2.2 AMEC 116
7.2.3 Balfour Beatty 119
7.2.4 Birse Construction 124
7.2.5 Kellogg Brown & Root 125
7.2.6 The Costain Group 127
7.2.7 Fluor 130
7.2.8 John Laing 131
7.2.9 Carillion AM (Formerly Alfred McAlpine) 134
7.2.10 Carillion 137
7.2.11 Tarmac 141
7.2.12 Taylor Woodrow Construction 143
8. FURTHER SOURCES & CONTACTS 146
8.1 Trade Associations & Regulatory Bodies 147
8.2 Trade Magazines 149
8.3 Trade Exhibitions 151
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List of Tables
1: Utilities Total UK Capital Expenditure, 2003/04-2007/08 18
2: Analysis of Utilities UK Capital Expenditure, 2003/04-2007/08 19
3: Forecast Utilities Total UK Capital Expenditure, 2008/09-2012/13 20
4: Analysis of Utilities UK Capital Expenditure, 2008/09-2012/13 21
5: UK Capital Expenditure on Water and Sewerage Services, 2003/04-2007/08 26
6: UK Capital Expenditure on Water and Sewerage Services, 2003/04-2007/08 27
7: Analysis of Water Related Capital Expenditure, by Water and Sewerage Companies in England and Wales, 2003/04-2007/08 28
8: Analysis of Water Capital Expenditure by Water Only Companies, by Type, 2007/08 30
9: Analysis of Water Capital Expenditure, by Water and Sewerage Companies, by
Purpose, 2007/08 31
10: Analysis of Water Capital Expenditure in England and Wales, by Water and
Sewerage Companies, by Type, 2003/04-2007/08 32
11: Analysis of Water Capital Expenditure in England and Wales, by Water Only
Companies, by Type, 2003/04-2007/08 33
12: Analysis of Water Resources Capital Expenditure, by Water and Sewerage
Companies, 2003/04-2007/08 33
13: Analysis of Water Resources Capital Expenditure, by Water Only Companies,
2003/04-2007/08 34
14: Analysis of Water Treatment Capital Expenditure, by Water and Sewerage
Companies, 2003/04-2007/08 35
15: Analysis of Water Treatment Capital Expenditure, by Water Only Companies,
2003/04-2007/08 35
16: Analysis of Water Distribution Capital Expenditure, by Water and Sewerage
Companies, 2003/04-2007/08 36
17: Analysis of Water Distribution Capital Expenditure, by Water Only Companies,
2003/04-2007/08 37
18: Total Industry Leakage, 2003/04-2007/08 38
19: Water Leakage Levels, by Company, 2003/04- 2007/08 38
20: Water Leakage Levels Targets, by Company, 2007/08- 2009/10 39
21: Analysis of Infrastructure Renewals Expenditure, 2003/04-2007/08 39
22: Analysis of Mains Renewal and Relining Activity, by Water Companies, 2007/08 40
23: Analysis of General Water Capital Expenditure, by Water and Sewerage Companies, 2003/04-2007/08 41
24: Analysis of General Water Capital Expenditure, by Water Only Companies,
2003/04-2007/08 41
25: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2003/04-2007/08 43
26: Water Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 44
27: Analysis of Sewerage Related Capital Expenditure in England and Wales, by
Company, 2003/04-2007/08 45
28: Analysis of Sewerage Capital Expenditure in England and Wales, by Water Service Company, by Type, 2007/08 46
29: Analysis of Sewerage Capital Expenditure in England and Wales, by Company and
Purpose, 2007/08 47
30: Sewers Renovated and Replaced in England and Wales, by Company, 2003/04-2007/08 47
31: Analysis of Sewerage Capital Expenditure in England and Wales, 2003/04-2007/08 48
32: Analysis of Sewerage Capital Expenditure in England and Wales, by Company,
2003/04-2007/08 48
33: Analysis of Sewage Treatment Capital Expenditure in England and Wales,
2003/04-2007/08 49
34: Analysis of Sewage Treatment Capital Expenditure in England and Wales, by
Company, 2003/04-2007/08 49
35: Analysis of General Sewerage Treatment Capital Expenditure in England and
Wales, 2003/04-2007/08 50
36: Analysis of General Sewerage Capital Expenditure in England and Wales, by
Company, 2003/04-2007/08 51
37: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2003/04-2006/07 52
38: Sewerage Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 53
39: Annual Price Limits for 2005/2006 to 2009/2010, by Water and Sewerage Companies 54
40: Annual Price Limits for 2005/2006 to 2009/2010, by Water Only Companies 55
41: Proposed Annual Price Limits for 2010/2011 to 2014/2015, by Water and Sewerage Companies 56
42: Proposed Annual Price Limits for 2010/2011 to 2014/2015, by Water Only Companies 56
43: Average Expected Household Bill, by Water and Sewerage Companies, 2004/2005 and 2009/2010 57
44: Average Expected Household Water Bill, by Water Only Companies, 2004/5 and
2009/2010 58
45: UK Population, by Region, 2007-2025 59
46: Deadline for Implementation of Aspects of the Water Framework Directive 60
47: Total Capital Expenditure by Water and Sewerage Companies, 2005- 2010 61
48: Total Proposed Capital Expenditure by Water and Sewerage Companies, 2010- 2015 62
49: Total Capital Expenditure by Water Only Companies, 2005- 2010 63
50: Total Proposed Capital Expenditure by Water Only Companies, 2010- 2015 63
51: Forecast UK Capital Expenditure on the Water and Sewerage Industry,
2008/09-2012/13 64
52: Estimated Number of Connected (billed) Properties in Scotland, 2006-2010 65
53: Forecast Investment Programme for Scottish Water, 2008/2009-2012/2013 65
54: Forecast Investment Programme for Northern Ireland Water, 2008/2009-2012/2013 67
55: UK Capital Expenditure by the Electricity Generating Industry, 2003/04-2007/08 74
56: UK Capital Expenditure by the Electricity Transmission Industry, 1999/00-2004/05 75
57: Comparison of Allowed Capital Expenditure by the Electricity Transmission Industry
and Actual Capital Expenditure, 2005/06-2006/07 76
58: UK Capital Expenditure by the Electricity Transmission Industry, 2003/04-2007/08 76
59: UK Capital Expenditure by the Electricity Distribution Networks, 2003/04-2007/08 78
60: Capital Expenditure by the Electricity Distribution Network Operators in Great Britain,
by Company, 2005/06-2007/08 79
61: DNOs Activity Costs, 2007/2008 80
62: Forecast Power Generation Share by Fuel Type, 2008/2009-2016/2017 82
63: Forecast UK Capital Expenditure of the Electricity Generating Industry,
2008/09-2012/13 82
64: UK Capital Expenditure by the Electricity Transmission Industry, 2008/09-2012/13 85
65: Allowed Capital Expenditure Breakdown, NGET, 2007/08-2011/12 86
66: Allowed Capital Expenditure Breakdown, SHETL, 2007/08-2011/12 87
67: Allowed Capital Expenditure Breakdown, SPTL, 2007/08-2011/12 87
68: Capital Expenditure Forecast Outturn and Allowance for DPCR4 2005-2010, Great
Britain 88
69: Actual Capital Expenditure by DNOs compared with Allowance 2007/08, Great Britain 89
70: Forecast UK Capital Expenditure of the Electricity Distribution Network Operators,
2008/9-2012/13 90
71: Total Gas Distribution Capital Expenditure, 2002/03-2006/07 93
72: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 94
73: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 95
74: Gas Distribution Total Capital Expenditure, by GDNs, 2006/07 and 2007/08 96
75: GDNs Reported Capital Expenditure, 2002/03-2006/07 96
76: Reported Capital Expenditure, by GDNs, 2002/03-2006/07 97
77: Gas Distribution Net Capital Expenditure, by GDNs, 2006/07 and 2007/08 98
78: GDNs Repex Capital Expenditure, 2002/03-2006/07 99
79: Repex Capital Expenditure, by GDNs, 2002/03-2006/07 100
80: Gas Distribution Net Replacement Expenditure, by GDNs, 2006/07 and 2007/08 101
81: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2002/03-2006/07 102
82: Overspend On Capital and Non-Mains Repex Capital Expenditure, by GDNs,
2002/03-2006/07 102
83: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2006/07 and
2007/08 103
84: UK Capital Expenditure by the Gas Transmission Industry, 2002/03-2004/05 104
85: UK Capital Expenditure by the Gas Transmission Industry, 2003/04-2007/08 104
86: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 105
87: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 106
88: Forecast Gas Distribution Total Capital Expenditure, 2008/09-2012/13 106
89: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2008/09-2012/13 107
90: Forecast Allowed Capital Expenditure, 2007/08-2012/13 107
91: Forecast Allowed Capital Expenditure, by GDNs, 2007/08-2012/13 108
92: Forecast Repex Capital Expenditure, 2007/08-2012/13 109
93: Forecast Repex Capital Expenditure, by GDNs, 2007/08-2012/13 109
94: Forecast UK Capital Expenditure by the Gas Transmission Industry, 2008/09-2012/13 110
95: Allowed Capital Expenditure Breakdown, NGG, 2007/08-2011/12 111
96: Financial Analysis of Skanska UK, 2003-2007 115
97: Key Financial Ratios for Skanska UK, 2003-2007 115
98: Financial Analysis of AMEC, 2004-2008 118
99: Key Financial Ratios for AMEC, 2004-2008 119
100: Financial Analysis of Balfour Beatty, 2004-2008 122
101: Financial Analysis of Balfour Beatty by Segment, 2008 123
102: Key Financial Ratios for Balfour Beatty, 2004-2008 123
103: Financial Analysis of Birse Group, 2003-2007 124
104: Financial Analysis of Birse Construction, 2003-2007 125
105: Key Financial Ratios for Birse Construction, 2003-2007 125
106: Financial Analysis of Kellogg Brown & Root, 2003-2007 126
107: Key Financial Ratios for Kellogg Brown & Root, 2003-2007 127
108: Financial Analysis of Costain Group, 2004-2008 129
109: Key Financial Ratios for Costain Group, 2004-2008 130
110: Financial Analysis of Fluor, 2003-2007 131
111: Key Financial Ratios for Fluor, 2003-2007 131
112: Financial Analysis of John Laing, 2004-2008 134
113: Key Financial Ratios for John Laing, 2004-2008 134
114: Financial Analysis of Carillion (AM), 2003-2007 137
115: Key Financial Ratios for Carillion (AM), 2003-2007 137
116: Financial Analysis of Carillion, 2004-2008 141
118: Financial Analysis of Tarmac, 2003-2007 142
119: Key Financial Ratios for Tarmac, 2003-2007 143
120: Financial Analysis of Taylor Woodrow Construction, 2003-2007 144
121: Key Financial Ratios for Taylor Woodrow Construction, 2003-2007 145 |
