utility

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Utility

A power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels.

Utility

1. In economics, the level satisfaction the person derives from a good or service. Utility is inherently subjective and thus difficult to measure, but it is important in determining how much supply of a product the market can handle without diminishing demand. Historically, it has been thought that one can quantify the utility of each unit, but some economists disagree with this. See also: Austrian school, Law of Diminishing Marginal Utility.

2. A company that provides electricity, water, or gas to customers. These companies are subject to a number of regulations at the local and national levels. They borrow more than most other companies; thus, a decline in utility stocks is often seen as an indicator of a coming rise in interest rates. See also: Dow Jones Utility Average - DJUA.

utility

A business that provides an essential service, generally under government regulation. Electric companies, gas transmission firms, and local telephone companies are utilities.

utility

  1. the satisfaction or pleasure that an individual derives from the CONSUMPTION of a GOOD or SERVICE. See UTIL, CARDINAL UTILITY, ORDINAL UTILITY, MARGINAL UTILITY, TOTAL UTILITY, UTILITY FUNCTION, DIMINISHING MARGINAL UTILITY.
  2. see PUBLIC UTILITY.
References in classic literature ?
A degree or two lower, and a creditable appearance might interest me; I might hope to be useful to their families in some way or other.
It is useful to know something of the manners of different nations, that we may be enabled to form a more correct judgment regarding our own, and be prevented from thinking that everything contrary to our customs is ridiculous and irrational, a conclusion usually come to by those whose experience has been limited to their own country.
Now, when she knew better how to be useful, and how to forbear, and when her mother could be no longer occupied by the incessant demands of a house full of little children, there would be leisure and inclination for every comfort, and they should soon be what mother and daughter ought to be to each other.
There is also a third species of improving a fortune, that is something between this and the first; for it partly depends upon nature, partly upon exchange; the subject of which is, things that are immediately from the earth, or their produce, which, though they bear no fruit, are yet useful, such as selling of timber and the whole art of metallurgy, which includes many different species, for there are various sorts of things dug out of the earth.
The useful pony phaeton was sold, together with the stout, well-fed pony--the old favourite that we had fully determined should end its days in peace, and never pass from our hands; the little coach-house and stable were let; the servant boy, and the more efficient
So, I think it would be a good plan to pick out some very useful business and learn it, because I don't do it for pleasure, you see, but as a part of my education, and to be ready in case I'm ever poor," answered Rose, looking as if she rather longed for a little poverty so that her useful gift might be exercised.
SOCRATES: If they had been, there would assuredly have been discerners of characters among us who would have known our future great men; and on their showing we should have adopted them, and when we had got them, we should have kept them in the citadel out of the way of harm, and set a stamp upon them far rather than upon a piece of gold, in order that no one might tamper with them; and when they grew up they would have been useful to the state?
These defensive weapons were accompanied by pickaxes, crowbars, saws, and other useful implements, not to mention clothing adapted to every temperature, from that of polar regions to that of the torrid zone.
As to the moon, she was considerably larger; but the travelers' glasses, not very powerful, did not allow them as yet to make any useful observations upon her surface, or reconnoiter her topographically or geologically.
Some variations useful to him have probably arisen suddenly, or by one step; many botanists, for instance, believe that the fuller's teazle, with its hooks, which cannot be rivalled by any mechanical contrivance, is only a variety of the wild Dipsacus; and this amount of change may have suddenly arisen in a seedling.
00) is very useful for reference though now much in need of revision.
But is the just man or the skilful player a more useful and better partner at a game of draughts?