public utility

public utility: public utility n: a business organization (as an electric company) performing a public service and subject to special government regulation

public utility: n.
A company that supplies a service, such as electricity, water, or gas, that is so essential to the public that the government will allow it to use public property and to function as a monopoly in exchange for government regulation of price and the requirement that it serve all customers without discrimination.

public utility: Any organization which provides services to the general public, although it may be privately owned. Public utilities include electric, gas, telephone, water, and television cable systems, as well as streetcar and bus lines. Public utilities are allowed certain monopoly rights because of the practical need to service entire geographic areas with one system, but they are regulated by state, county, and city public utility commissions under state laws.

Category: Business, LLCs & Corporations

Category: Real Estate & Rental Property

public utility: n. A company such as an electric company or gas company, the nature of which is to be a monopoly in a particular region. Because no free-market forces can exist in this situation, governmental regulation of such companies is the norm.

public utility: n.

any organization which provides services to the general public, although it may be privately owned. Public utilities include electric, gas, telephone, water and television cable systems, as well as streetcar and bus lines. They are allowed certain monopoly rights due to the practical need to service entire geographic areas with one system, but they are regulated by state, county and/or city public utility commissions under state laws.

See also: monopoly

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public utility — public utility, adj. 1. a business enterprise, as a public service corporation, performing an essential public service and regulated by the federal, state, or local government. Cf. utility (def. 3). 2. Usually, public utilities. stocks or bonds… … Universalium
public utility — ➔ utility * * * public utility UK US noun [C, usually plural] COMMERCE ► a company that supplies water, gas, or electricity to people: »Transportation, public utilities and construction accounted for another 14,000 jobs. »public utility… … Financial and business terms
public utility — n. an organization supplying water, electricity, transportation, etc. to the public, operated, usually as a monopoly, by a private corporation under governmental regulation or by the government directly … English World dictionary
public utility — ► NOUN ▪ an organization supplying the community with electricity, gas, water, or sewerage … English terms dictionary
Public utility — Utilities redirects here. For other uses, see Utility (disambiguation). Public infrastructure Assets and facilities Airports … Wikipedia
public utility — A privately owned and operated business whose services are so essential to the general public as to justify the grant of special franchises for the use of public property or of the right of eminent domain, in consideration of which the owners… … Black's law dictionary
public utility — noun a company that performs a public service; subject to government regulation (Freq. 1) • Syn: ↑utility, ↑public utility company, ↑public service corporation • Hypernyms: ↑service • Hyponyms … Useful english dictionary
public utility — UK / US noun [countable] Word forms public utility : singular public utility plural public utilities a company that provides gas, electricity, or water for people to use … English dictionary
Public Utility Model — ( PUM ) EMS is an ambulance system in which the community retains public control of the ambulance system s capital assets and accounts receivable through direct, accountable daily oversight. It then subcontracts the day to day operations to an… … Wikipedia
public utility — public utilities N COUNT Public utilities are services provided by the government or state, such as the supply of electricity and gas, or the train network. Officials said water supplies and other public utilities in the capital were badly… … English dictionary

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public utility

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