Concentrated in urban areas where demand is high and customers require the latest and most profitable services or utilities. Urban areas may require better environmental standards such as cleaner water and better waste management facilities.

Urban areas also have a dense population, which helps utility companies to provide services quickly to a large number of people, per say in a single building, versus over a large suburban area. This will reduce capital expenditures and increase the rate of upgrades to services. … "Urban Growth Areas" has a significant impact, so an analyst should put more weight into it.