The Top 10 European Utility Companies: Growth strategies, performance and SWOT analyses

Table of Contents

Executive summary

• Industry overview
• EDF
• E.ON
• Gazprom
• Enel
• RWE
• GDF SUEZ
• Eni
• GasTerra
• Centrica
• Scottish and Southern Energy

Chapter 1 - Introduction

• What is this report about?
• Methodology

Chapter 2 - Industry overview

• Summary
• Introduction
• Market dynamics of European utilities market

• Power utilities
• Power generation in Europe
  • Shift in power generation fuel mix
  • Resurgence of nuclear power
  • Consolidation underway

• Gas utilities
• Gas production in Europe
  • Globalization leading to consolidation
• Gas consumption in Europe
• Gas prices in Europe

• Water utilities
• Water distribution in Europe

• Competitive landscape
• Competitive positioning of the top 10 companies
  • Top 10 utilities based on revenues
  • Top 10 utilities based on generation capacity
  • Fuel mix of top 10 utilities
  • Geographic diversification of top 10 utilities
• Competitive landscape analysis
  • Buyer power
  • Supplier power
  • Barriers to entry
  • Threat of substitutes
  • Competitive rivalry

Chapter 3 - EDF

• Summary

• Company overview
• Business segments in Europe
  • Generation-Supply
  • Distribution
  • Transmission
  • Other

• Recent financial performance
• Performance by business segments

• Growth strategies
• Strengthening market position in Europe
• Developing renewable energy
• Investing in nuclear revival
• Acquisitions

• SWOT analysis

Chapter 4 - E.ON

• Summary

• Company overview
• Business segments in Europe
  • Central Europe
  • Pan-European Gas
  • UK
  • Nordic
  • New Markets

• Recent financial performance
• Performance by business segments

• Growth strategies
• Develop generation portfolio and modernize distribution network in core markets
• Expansion into new markets
• Focus on renewable energy
• Acquisitions

• SWOT analysis

Chapter 5 - Gazprom

• Summary

• Company overview
• Business segments in Europe
  • Marketing
  • Electric Power

• Recent financial performance
• Performance by business segments

• Growth strategies
• Strengthening power generation business
• Focusing on European countries
• Acquisitions

• SWOT analysis

Chapter 6 - Enel

• Summary

• Company overview
• Business segments in Europe
  • Sales
  • Generation and Energy Management
  • Infrastructure and Networks
  • Iberia and Latin America
  • International
  • Renewable Energy

• Recent financial performance
• Performance by business segments

• Growth strategies
• Reducing dependence on the domestic market
• Reinforcing financial position
• Acquisitions

• SWOT analysis

Chapter 7 - RWE

• Summary

• Company overview
• Business segments in Europe
  • RWE Power
  • RWE Innogy
  • RWE Energy
  • RWE npower

• Recent financial performance
• Performance by business segments

• Growth strategies
• Focus on core European markets
• Expansion of gas procurement
• Acquisitions

• SWOT analysis

Chapter 8 - GDF SUEZ

• Summary

• Company overview
• Business segments in Europe
  • Energy France
  • Energy Benelux & Germany
  • Energy Europe
  • Infrastructures
  • SUEZ Environment

• Recent financial performance
• Performance by business segments

• Growth strategies
• Reinforcing business in domestic core markets
• Developing natural gas infrastructure
• Acquisitions

• SWOT analysis

Chapter 9 - Eni

• Summary

• Company overview
• Business segments in Europe
  • Gas & Power

• Recent financial performance
• Performance by business segments

• Growth strategies
• Expanding international gas and power sales
• Consolidating market share in Italy
• Acquisitions

• SWOT analysis

Chapter 10 - GasTerra

• Summary
• Company overview
• Recent financial performance

• Growth strategies
• Securing gas supplies and distribution network
• Acquisitions

• SWOT analysis

Chapter 11 - Centrica

• Summary

• Company overview
• Business segments in Europe
  • British Gas
  • Centrica Energy
  • European Energy

• Recent financial performance
• Performance by business segments

• Growth strategies
• Improving operational efficiency
• Securing gas supplies
• Diversifying fuel mix
• Acquisitions

• SWOT analysis

Chapter 12 - Scottish and Southern Energy

• Summary

• Company overview
• Business segments in Europe
  • Power Generation and Energy Supply
  • Power Transmission
  • Gas Network

• Recent financial performance
• Performance by business segments

• Growth strategies
• Strengthening renewable energy portfolio
• Entering into new markets
• Investing in emerging technologies
• Acquisitions

• SWOT analysis

Chapter 13 - 11 to 20 Companies

• Veolia Environnement
• Company overview
  • Business segments in Europe
• Recent financial performance

• EnBW
• Company overview
  • Business segments in Europe
• Recent financial performance

• Edison
• Company overview
  • Business segments in Europe
• Recent financial performance

• Vattenfall
• Company overview
  • Business segments in Europe
• Recent financial performance

• EDP
• Company overview
  • Business segments in Europe
• Recent financial performance

• Atel
• Company overview
  • Business segments in Europe
• Recent financial performance

• Iberdrola
• Company overview
  • Business segments in Europe
• Recent financial performance

• National Grid
• Company overview
  • Business segments in Europe
• Recent financial performance

• CEZ Group
• Company overview
  • Business segments in Europe
• Recent financial performance

• Dong Energy
• Company overview
  • Business segments in Europe
• Recent financial performance

Appendix

• Glossary
• Index

List of Figures

• Figure 2.1: European utilities market size ($bn), 2003 - 07
• Figure 2.2: European utilities market segmentation by value (%), 2007
• Figure 2.3: Power generation in Europe (TWh), 2003 - 07
• Figure 2.4: Fuel mix in European utilities market 1995 - 2007
• Figure 2.5: Gas production in Europe (TWh), 2003 - 07
• Figure 2.6: Gas consumption in Europe (TWh), 2003 - 07
• Figure 2.7: Top 10 gas consuming countries in Europe, 2003 - 07
• Figure 2.8: Gas prices in Europe, 1997 - 2007
• Figure 2.9: Water distribution in Europe (bcm), 2003 - 07
• Figure 2.10: Water utilities market in Europe, 2007
• Figure 2.11: Water consumption by sector in Europe, 2007
• Figure 2.12: Major European utilities
• Figure 2.13: Top 10 European utilities market share, 2007
• Figure 2.14: Fuel mix of top 10 European utilities by type, 2007
• Figure 2.15: Geographic diversification of top 10 European utilities by region
• Figure 2.16: Competitive analysis of European utilities market
• Figure 3.17: EDF European utilities financial performance ($m), 2005 - 08
• Figure 3.18: EDF SWOT analysis
• Figure 4.19: E.ON European utilities financial performance ($m), 2004 - 08
• Figure 4.20: E.ON SWOT analysis
• Figure 5.21: Gazprom European utilities financial performance ($m), 2005 - 07
• Figure 5.22: Gazprom SWOT analysis
• Figure 6.23: Enel European utilities financial performance ($m), 2004 - 08
• Figure 6.24: Enel SWOT analysis
• Figure 7.25: RWE European utilities financial performance ($m), 2004 - 08
• Figure 7.26: RWE SWOT analysis
• Figure 8.27: GDF SUEZ European utilities financial performance ($m), 2006 - 08
• Figure 8.28: GDF SUEZ SWOT analysis
• Figure 9.29: Eni European utilities financial performance ($m), 2004 - 08
• Figure 9.30: Eni SWOT analysis
• Figure 10.31: GasTerra European utilities financial performance ($m), 2005 - 08
• Figure 10.32: GasTerra SWOT analysis
• Figure 11.33: Centrica European utilities financial performance ($m), 2004 - 08
• Figure 11.34: Centrica SWOT analysis
• Figure 12.35: Scottish and Southern Energy European utilities financial performance ($m), 2004 -
• Figure 12.36: Scottish and Southern Energy SWOT analysis
• Figure 13.37: Veolia Environnement European utilities financial performance ($m), 2004 - 08
• Figure 13.38: EnBW European utilities financial performance ($m), 2004 - 08
• Figure 13.39: Edison European utilities financial performance ($m), 2004 - 08
• Figure 13.40: Vattenfall European utilities financial performance ($m), 2004 - 08
• Figure 13.41: EDP European utilities financial performance ($m), 2004 - 07
• Figure 13.42: Atel European utilities financial performance ($m), 2004 - 08
• Figure 13.43: Iberdrola European utilities financial performance ($m), 2006 - 08
• Figure 13.44: National Grid European utilities financial performance ($m), 2005 - 09
• Figure 13.45: CEZ Group European utilities financial performance ($m), 2004 - 08
• Figure 13.46: Dong Energy European utilities financial performance ($m), 2004 - 08

List of Tables

• Table 2.1: European utilities market size ($bn), 2003 - 07
• Table 2.2: Power generation in Europe (TWh), 2003 - 07
• Table 2.3: Major M&A deals in European power utilities, 2008
• Table 2.4: Gas production in Europe (TWh), 2003 - 07
• Table 2.5: Major M&A deals in European gas utilities, 2008
• Table 2.6: Gas consumption in Europe (TWh), 2003 - 07
• Table 2.7: Water distribution in Europe (bcm), 2003 - 07
• Table 2.8: Major M&A deals in European water utilities, 2008
• Table 2.9: Top 10 European utilities based on revenues ($m), 2007
• Table 2.10: Top 10 European utilities based on power generation capacity (MW), 2007
• Table 2.11: Major M&A deals in Eastern Europe in 2008
• Table 3.12: EDF snapshot
• Table 3.13: EDF key operating parameters, 2008
• Table 3.14: EDF European utilities financial performance ($m), 2005 - 08
• Table 3.15: EDF business segment performance, 2008
• Table 3.16: EDF major M&A deals, 2007 - 09
• Table 4.17: E.ON snapshot
• Table 4.18: E.ON key operating parameters, 2008
• Table 4.19: E.ON European utilities financial performance, 2004 - 08
• Table 4.20: E.ON business segment performance, 2008
• Table 4.21: E.ON major M&A deals, 2007 - 09
• Table 5.22: Gazprom snapshot
• Table 5.23: Gazprom key operating parameters, 2007
• Table 5.24: Gazprom European utilities financial performance, 2005 - 07
• Table 6.25: Enel snapshot
• Table 6.26: Enel key operating parameters, 2008
• Table 6.27: Enel European utilities financial performance, 2004 - 08
• Table 6.28: Enel business segment performance, 2008
• Table 6.29: Enel major M&A deals, 2007 - 09
• Table 7.30: RWE snapshot
• Table 7.31: RWE key operating parameters, 2008
• Table 7.32: RWE European utilities financial performance, 2004 - 08
• Table 7.33: RWE business segment performance, 2008
• Table 7.34: RWE major M&A deals, 2007 - 09
• Table 8.35: GDF SUEZ snapshot
• Table 8.36: GDF SUEZ key operating parameters, 2008
• Table 8.37: GDF SUEZ European utilities financial performance, 2006 - 08
• Table 8.38: GDF SUEZ business segment performance, 2008
• Table 8.39: GDF SUEZ major M&A deals, 2007 - 09
• Table 9.40: Eni snapshot
• Table 9.41: Eni key operating parameters, 2008
• Table 9.42: Eni European utilities financial performance ($m), 2004 - 08
• Table 9.43: Eni business segment performance, 2008
• Table 10.44: GasTerra snapshot
• Table 10.45: GasTerra key operating parameters, 2008
• Table 10.46: GasTerra European utilities financial performance, 2005 - 08
• Table 11.47: Centrica snapshot
• Table 11.48: Centrica key operating parameters, 2008
• Table 11.49: Centrica European utilities financial performance ($m), 2004 - 08
• Table 11.50: Centrica business segment performance, 2008
• Table 11.51: Centrica major M&A deals, 2007 - 09
• Table 12.52: Scottish and Southern Energy snapshot
• Table 12.53: Scottish and Southern Energy key operating parameters, 2008
• Table 12.54: Scottish and Southern Energy European utilities financial performance, 2004 - 08
• Table 12.55: Scottish and Southern Energy business segment performance, 2008
• Table 12.56: Scottish and Southern Energy major M&A deals, 2007 - 09
• Table 13.57: Veolia Environnement snapshot
• Table 13.58: Veolia Environnement key operating parameters, 2007
• Table 13.59: Veolia Environnement European utilities financial performance, 2004 - 08
• Table 13.60: EnBW snapshot
• Table 13.61: EnBW key operating parameters, 2008
• Table 13.62: EnBW European utilities financial performance, 2004 - 08
• Table 13.63: Edison snapshot
• Table 13.64: Edison key operating parameters, 2008
• Table 13.65: Edison European utilities financial performance, 2004 - 08
• Table 13.66: Vattenfall snapshot
• Table 13.67: Vattenfall key operating parameters, 2008
• Table 13.68: Vattenfall European utilities financial performance, 2004 - 08
• Table 13.69: EDP snapshot
• Table 13.70: EDP key operating parameters, 2008
• Table 13.71: EDP European utilities financial performance, 2004 - 07
• Table 13.72: Atel snapshot
• Table 13.73: Atel key operating parameters, 2008
• Table 13.74: Atel European utilities financial performance, 2004 - 08
• Table 13.75: Iberdrola snapshot
• Table 13.76: Iberdrola key operating parameters, 2008
• Table 13.77: Iberdrola European utilities financial performance, 2006 - 08
• Table 13.78: National Grid snapshot
• Table 13.79: National Grid key operating parameters, 2008
• Table 13.80: National Grid European utilities financial performance, 2005 - 09
• Table 13.81: CEZ Group snapshot
• Table 13.82: CEZ Group key operating parameters, 2008
• Table 13.83: CEZ Group European utilities financial performance, 2004 - 08
• Table 13.84: Dong Energy snapshot
• Table 13.85: Dong Energy key operating parameters, 2008
• Table 13.86: Dong Energy European utilities financial performance, 2004 - 08