public utility

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public utility

an undertaking which provides a certain basic good or service such as gas, electricity or telecommunications. In some countries public utilities are mainly owned by the State, while in others they are privately owned but subject to regulation by the government. See RATE OF RETURN REGULATION, NATIONALIZATION VERSUS PRIVATIZATION.
References in periodicals archive ?
Another clue was that the cooperative allowed a small town where their franchise had just expired to be taken over by the investor-owned utility with absolutely no fight or resistance by the cooperative.
I look forward to the opportunity to continue that tradition as we further develop and implement a long-term strategy that continues to strengthen DPL's position as a well-regarded investor-owned utility committed to its shareholders, customers and communities.
The State Government Center Building, located at 464 West 4th Street in downtown San Bernardino, is home to several state agencies, including the regional headquarters for Caltrans, and is considered an excellent candidate for increased energy savings through investor-owned utility energy efficiency programs.

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