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 periodicals archive ?
Frank Clark, President of ComEd, reflects on his 35 years in the utilities industry, "Years ago, utilities didn't attract the best people because it was seen as 'sleepy', but recently because of the deregulations and the attention brought to the industry, utility companies are seen as progressive, competitive companies.
Consumer groups didn't kick up a fuss because they had secured plenty of restrictions on how the utilities could operate; they also got an immediate 10 percent rate cut and price caps.
There are several reasons why the ED's potential impact on utilities will be different from its effect on other industries.
The problem is, in the current market, which is dominated by big utilities, genuine competition is unlikely.
For example, a single technological break-through in photovoltaic cells, which convert sunlight directly to electricity, could allow customers to bypass utilities entirely for most, if not all, of their power needs.
SmartTrack is scaleable to meet the needs of mid-size utilities, companies with 500,000 to 1.
Falling prices are hitting every industry that allows utilities to reduce emissions: rail transport, coal markets, scrubber markets.
While many regulated utilities may not report an earnings effect as a result of Statement no.
Those companies that raised their dividends for the first quarter of 1992 were Wisconsin Energy, Texas Utilities, Consolidated Edison and Detroit Edison.
By embracing GridPoint Utility Solution, utilities achieve business objectives while assuming a leadership role in environmental stewardship.
But an emerging coalition of electricity utilities and environmentalists opposes deregulation.
In response, software companies have developed a wide assortment of inexpensive software tools, called utilities, designed to make computers easier and safer to operate and more productive.