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 8
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 19
4. WATER INDUSTRY 22
4.1 Chapter Summary 23
4.2 Capital Expenditure, 2004/05-2008/09 24
4.3 Water Related Capital Expenditure in England & Wales 30
4.3.1 Water Resources Expenditure 31
4.3.2 Water Treatment Expenditure 32
4.3.3 Water Distribution Expenditure 34
4.3.4 General Water Expenditure 38
4.3.5 Scotland 40
4.3.6 Northern Ireland 41
4.4 Sewerage Expenditure 42
4.4.1 Sewage Treatment 47
4.4.2 Other Expenditure 48
4.4.3 Scotland 49
4.4.4 Northern Ireland 51
4.5 Future Expenditure 51
4.5.1 Forecast Capital Expenditure, 2009/10-2013/14 58
5. ELECTRICITY INDUSTRY 64
5.1 Chapter Summary 65
5.2 Capital Expenditure in the Electricity Generation Sector 65
5.3 Capital Expenditure in the Electricity Transmission Sector 70
5.4 Capital Expenditure in the Electricity Distribution Sector 73
5.5 Forecast Capital Expenditure in the Electricity Generation Sector 76
5.6 Forecast Capital Expenditure in the Electricity Transmission Sector 79
5.7 Forecast Capital Expenditure in the Electricity Distribution Sector 83
6. GAS INDUSTRY 86
6.1 Chapter Summary 87
6.2 Capital Investment in the Gas Distribution Sector 87
6.2.1 Reported Capital Expenditure 91
6.2.2 Reported Repex Capital Expenditure 93
6.2.3 Overspend in Total Capital Expenditure 95
6.3 Capital Expenditure in the Gas Transmission Sector 97
6.4 Forecast Capital Investment in the Gas Distribution Sector 98
6.4.1 Forecast Gas Distribution Capital Expenditure 101
6.4.2 Forecast Repex Capital Expenditure 102
6.5 Forecast Capital Investment in the Gas Transmission Sector 103
7. SUPPLY INDUSTRY STRUCTURE 105
7.1 Chapter Summary 106
7.2 Companies 106
7.2.1 Skanska 106
7.2.2 AMEC 108
7.2.3 Balfour Beatty 111
7.2.4 Birse Construction 115
7.2.5 Kellogg Brown & Root 117
7.2.6 The Costain Group 119
7.2.7 Fluor 122
7.2.8 John Laing 123
7.2.9 Carillion AM (Formerly Alfred McAlpine) 125
7.2.10 Carillion 128
7.2.11 Tarmac 132
7.2.12 Taylor Woodrow Construction 133
8. FURTHER SOURCES & CONTACTS 136
8.1 Trade Associations & Regulatory Bodies 137
8.2 Trade Magazines 139
8.3 Trade Exhibitions 140
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List of Tables
1: Utilities Total UK Capital Expenditure, 2004/05-2008/09 18
2: Analysis of Utilities UK Capital Expenditure, 2004/05-2008/0 18
3: Forecast Utilities Total UK Capital Expenditure, 2009/10-2013/14 20
4: Analysis of Utilities UK Capital Expenditure, 2009/10-2013/14 21
5: UK Capital Expenditure on Water and Sewerage Services, 2004/05-2008/09 25
6: UK Capital Expenditure on Water and Sewerage Services, 2004/05-2008/09 26
7: Analysis of Water Related Capital Expenditure, by Water and Sewerage Companies
in England and Wales, 2004/05-2008/09 26
8: Analysis of Water Capital Expenditure by Water Only Companies, by Type, 2008/09 28
9: Analysis of Water Capital Expenditure, by Water and Sewerage Companies, by
Purpose, 2008/09 29
10: Analysis of Water Capital Expenditure in England and Wales, by Water and
Sewerage Companies, by Type, 2004/05-2008/09 30
11: Analysis of Water Capital Expenditure in England and Wales, by Water Only
Companies, by Type, 2004/05-2008/09 31
12: Analysis of Water Resources Capital Expenditure, by Water and Sewerage
Companies, 2004/05-2008/09 31
13: Analysis of Water Resources Capital Expenditure, by Water Only Companies,
2004/05-2008/09 32
14: Analysis of Water Treatment Capital Expenditure, by Water and Sewerage
Companies, 2004/05-2008/09 33
15: Analysis of Water Treatment Capital Expenditure, by Water Only Companies,
2004/05-2008/09 33
16: Analysis of Water Distribution Capital Expenditure, by Water and Sewerage
Companies, 2004/05-2008/09 34
17: Analysis of Water Distribution Capital Expenditure, by Water Only Companies,
2004/05-2008/09 35
18: Total Industry Leakage, 2004/05-2008/09 36
19: Water Leakage Levels, by Company, 2004/05- 2008/09 36
20: Water Leakage Levels Targets, by Company, 2008/09- 2009/10 37
21: Analysis of Infrastructure Renewals Expenditure, 2004/05-2008/09 37
22: Analysis of Mains Renewal and Relining Activity, by Water Companies, 2008/09 38
23: Analysis of General Water Capital Expenditure, by Water and Sewerage
Companies, 2004/05-2008/09 39
24: Analysis of General Water Capital Expenditure, by Water Only Companies,
2004/05-2008/09 39
25: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2004/05-2008/09 41
26: Water Related Capital Expenditure in Northern Ireland, by Type,
2002/03-2006/07 42
27: Analysis of Sewerage Related Capital Expenditure in England and Wales, by
Company, 2004/05-2008/09 43
28: Analysis of Sewerage Capital Expenditure in England and Wales, by Water
Service Company, by Type, 2008/09 44
29: Analysis of Sewerage Capital Expenditure in England and Wales, by Company
and Purpose, 2008/09 45
30: Sewers Renovated and Replaced in England and Wales, by Company,
2004/05-2008/09 45
31: Analysis of Sewerage Capital Expenditure in England and Wales, 2004/05-2008/09 46
32: Analysis of Sewerage Capital Expenditure in England and Wales, by Company,
2004/05-2008/09 46
33: Analysis of Sewage Treatment Capital Expenditure in England and Wales,
2004/05-2008/09 47
34: Analysis of Sewage Treatment Capital Expenditure in England and Wales, by
Company, 2004/05-2008/09 47
35: Analysis of General Sewerage Treatment Capital Expenditure in England and Wales, 2004/05-2008/09 48
36: Analysis of General Sewerage Capital Expenditure in England and Wales, by
Company, 2004/05-2008/09 49
37: Analysis of Scottish Water Capital Expenditure on Water and Sewerage Services,
2004/05-2008/09 50
38: Sewerage Related Capital Expenditure in Northern Ireland, by Type, 2002/03-2006/07 51
39: Annual Price Limits for 2005/2006 to 2009/2010, by Water and Sewerage Companies 52
40: Annual Price Limits for 2005/2006 to 2009/2010, by Water Only Companies 53
41: Annual Price Limits for 2010/2011 to 2014/2015, by Water and Sewerage Companies 53
42: Proposed Annual Price Limits for 2010/2011 to 2014/2015, by Water Only Companies 54
43: Average Expected Household Bill, by Water and Sewerage Companies, 2004/2005
and 2009/2010 55
44: Average Expected Household Water Bill, by Water Only Companies, 2004/5 and
2009/2010 56
45: UK Population, by Region, 2010-2025 57
46: Deadline for Implementation of Aspects of the Water Framework Directive 58
47: Total Capital Expenditure by Water and Sewerage Companies, 2005- 2010 59
48: Total Capital Expenditure by Water Only Companies, 2005- 2010 59
49: Total Proposed Capital Expenditure by Water and Sewerage Companies, 2010- 2015 60
50: Forecast UK Capital Expenditure on the Water and Sewerage Industry,
2009/10-2013/14 61
51: Estimated Number of Connected (billed) Properties in Scotland, 2006-2010 62
52: Forecast Investment Programme for Scottish Water, 2009/2010-2013/2014 62
53: Forecast Investment Programme for Northern Ireland Water, 2008/2009-2012/2013 63
54: UK Nuclear Sites Planned Closure Dates 68
55: UK Capital Expenditure by the Electricity Generating Industry, 2004/05-2008/09 69
56: UK Capital Expenditure by the Electricity Transmission Industry, 1999/00-2004/05
(at 2004/05 prices) 71
57: Comparison of Allowed Capital Expenditure by the Electricity Transmission Industry
and Actual Capital Expenditure, 2005/06-2006/07 72
58: UK Capital Expenditure by the Electricity Transmission Industry, 2004/05-2008/09 72
59: UK Capital Expenditure by the Electricity Distribution Networks, 2004/05-2008/09 74
60: Capital Expenditure by the Electricity Distribution Network Operators in Great
Britain, by Company, 2005/06-2007/08 75
61: DNOs Activity Costs, 2007/2008 76
62: Forecast Power Generation Share by Fuel Type, 2009/2010-2016/2017 78
63: Forecast UK Capital Expenditure of the Electricity Generating Industry,
2009/10-2013/14 78
64: UK Capital Expenditure by the Electricity Transmission Industry, 2009/10-2013/14 81
65: Allowed Capital Expenditure Breakdown, NGET, 2007/08-2011/12 81
66: Allowed Capital Expenditure Breakdown, SHETL, 2007/08-2011/12 82
67: Allowed Capital Expenditure Breakdown, SPTL, 2007/08-2011/12 82
68: Capital Expenditure Forecast Outturn and Allowance for DPCR4 2005-2010,
Great Britain 83
69: Capital Expenditure by DNOs during DPCR4 and DPCR5 Forecasts, Great Britain 84
70: Forecast UK Capital Expenditure of the Electricity Distribution Network Operators,
2009/10-2013/14 84
71: Total Gas Distribution Capital Expenditure, 2004/05-2008/09 88
72: Gas Distribution Total Capital Expenditure, by GDNs, 2002/03-2006/07 89
73: Gas Distribution Total Capital Expenditure Annual Change, by GDNs,
2002/03-2006/07 90
74: Gas Distribution Total Capital Expenditure, by GDNs, 2006/07 and 2007/08 91
75: GDNs Reported Capital Expenditure, 2002/03-2006/07 91
76: Reported Capital Expenditure, by GDNs, 2002/03-2006/07 92
77: Gas Distribution Net Capital Expenditure, by GDNs, 2006/07 and 2007/08 93
78: GDNs Repex Capital Expenditure, 2002/03-2006/07 94
79: Repex Capital Expenditure, by GDNs, 2002/03-2006/07 94
80: Gas Distribution Net Replacement Expenditure, by GDNs, 2006/07 and 2007/08 95
81: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2002/03-2006/07 96
82: Overspend On Capital and Non-Mains Repex Capital Expenditure, by GDNs,
2002/03-2006/07 96
83: Overspend On Capital and Non-Mains Repex Capital Expenditure, 2006/07 and
2007/08 97
84: UK Capital Expenditure by the Gas Transmission Industry, 2004/05-2008/09 98
85: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 99
86: Ofgem’s Allowed Revenue from Gas Distribution, by GDNs, 2007/08-2012/13 99
87: Forecast Gas Distribution Total Capital Expenditure, 2009/10-2013/14 100
88: Forecast Gas Distribution Total Capital Expenditure, by GDNs, 2008/09-2012/13 100
89: Forecast Allowed Capital Expenditure, 2008/09-2012/13 101
90: Forecast Allowed Capital Expenditure, by GDNs, 2008/09-2012/13 101
91: Forecast Repex Capital Expenditure, 2008/09-2012/13 102
92: Forecast Repex Capital Expenditure, by GDNs, 2008/09-2012/13 103
93: Forecast UK Capital Expenditure by the Gas Transmission Industry, 2009/10-2013/14 103
94: Allowed Capital Expenditure Breakdown, NGG, 2007/08-2011/12 104
95: Financial Analysis of Skanska UK, 2004-2008 108
96: Key Financial Ratios for Skanska UK, 2004-2008 108
97: Financial Analysis of AMEC, 2004-2008 111
98: Key Financial Ratios for AMEC, 2004-2008 111
99: Financial Analysis of Balfour Beatty, 2004-2008 114
100: Financial Analysis of Balfour Beatty by Segment, 2008 115
101: Key Financial Ratios for Balfour Beatty, 2004-2008 115
102: Financial Analysis of Birse Group, 2003-2007 116
103: Financial Analysis of Birse Construction, 2003-2007 117
104: Key Financial Ratios for Birse Construction, 2003-2007 117
105: Financial Analysis of Kellogg Brown & Root, 2003-2007 118
106: Key Financial Ratios for Kellogg Brown & Root, 2003-2007 119
107: Financial Analysis of Costain Group, 2004-2008 121
108: Key Financial Ratios for Costain Group, 2004-2008 121
109: Financial Analysis of Fluor, 2003-2007 122
110: Key Financial Ratios for Fluor, 2003-2007 123
111: Financial Analysis of John Laing, 2004-2008 125
112: Key Financial Ratios for John Laing, 2004-2008 125
113: Financial Analysis of Carillion (AM), 2003-2007 127
114: Key Financial Ratios for Carillion (AM), 2003-2007 128
115: Financial Analysis of Carillion, 2004-2008 131
116: Key Financial Ratios for Carillion, 2004-2008 132
117: Financial Analysis of Tarmac, 2003-2007 133
118: Key Financial Ratios for Tarmac, 2003-2007 133
119: Financial Analysis of Taylor Woodrow Construction, 2004-2008 135
120: Key Financial Ratios for Taylor Woodrow Construction, 2004-2008 135 |
