Utilities

Regulated Utility Specialists

We are specialists in the modelling of regulated utility companies, having delivered operational models for some of Europe’s largest electricity, gas and water companies.

Regulated utility models can be extremely complex, with revenue calculations based on complex regulations necessitating a rigorous and meticulous approach to model development. These utilities also typically have highly sophisticated financing structures, requiring models to contain sufficient levels of granularity whilst maintaining both flexibility and usability.

We have built models for budgeting, forecasting, investment planning purposes, as well as for covenant reporting and regulatory analysis, shareholder valuation and share acquisitions or divestments. This further necessitates a high degree of flexibility and transparency, with advanced analysis capabilities.

Utilities

Sector Specialisms

Electricity
Gas
Water
Wastewater

Highlights & Current Projects

We provided  financial modelling support to the shareholders and management of one the UK’s largest gas distribution networks, developing a new corporate model for business planning, regulatory modelling, and asset management purposes.

We provided model audit advice to KKR on their successful acquisition of a minority stake in Northumbrian Water for an equity price of £867m

We provided financial modelling support to Allianz Capital Partners in developing a corporate financial model for Galp Gás Natural Distribuição (GGND), Portugal’s largest gas network.

Utilities

Our Clients

Utilities

Credentials

Cobra & Alkhorayef

Rayis-Raybigh IWTP

March
2024
Project
Sub Sector
Service
Year
Firmus Energy Refinancing
2023
Cadent Gas Modelling Support
2023
Northumbrian Water Investment
2022
HEDNO Privatisation
2022
Aurora Infrastructure Debt Raise
2022
HEDNO Privatisation
2021