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 ?
Additionally, utilities were allowed to charge their customers a "competitive transition charge," which almost offset the 10 percent rate cut and allowed them to recoup their "stranded costs," a euphemism for stupid investments in inefficient plants often made at the behest of regulators.
This also is true for utilities that accounted for nuclear decommissioning costs exclusively as a liability.
The group that can't compete is made up of big utilities with large "stranded costs" from burdensome investments, especially in nuclear plants.
Of course, it was not advertising that saved private utilities from nationalization.
The GAO calculates that if utilities traded more, by 2002 they could be saving $1.
HERNAN GONZALEZ, CPA, is a partner of KPMG Peat Marwick and the national market director for public utilities tax services, St.
As a whole, electric utilities have not had stellar earnings or dividends this year.
Utilities gain an economical, flexible and environmentally beneficial solution to improve power management and delivery.
Hundreds of utilities and wholesale power producers buy and sell electricity over the superhighway every day, in an increasingly competitive wholesale market.
Most file-recovery utilities also can evaluate both the physical and data integrity of a disk without disturbing data already on the disk.
Richard Mathews, Mincom Chief Executive Officer, said, "The acquisition of Conversant's business opens up many opportunities for our utilities customers.
Nearly 3,000 utilities worldwide rely on Itron's award-winning technology to provide the knowledge they require to optimize the delivery and use of energy and water.