utility


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to utility: marginal utility, Law of Diminishing Marginal Utility, Total Utility

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 ?
Yes, he said, that is a much greater wave than the other; and the possibility as well as the utility of such a law are far more questionable.
I do not think, I said, that there can be any dispute about the very great utility of having wives and children in common; the possibility is quite another matter, and will be very much disputed.
Do utility companies have a deeper commitment to diversity, and offer more opportunities for qualified African Americans to succeed?
In an attempt to explain utility computing, many vendors and analysts use electricity or telephone analogies, likening a utility service approach to picking up the phone or switching on the lights--a simple action on the end-user's part, carried out at will.
While the buzzword is new, the concept of utility computing emerged several decades ago.
In June 1994, on the day after Nicole Brown Simpson was found dead, the California Public Utility Commission opened hearings on deregulating the state's electricity market.
Because of the lack of guidance on accounting for these costs, most utility company financial statements do not fully reflect decommissioning liabilities.
The Real Estate Board of New York (RERNY) and Roberts & Holland LLP negotiated the basic agreement with the Department, following REBNY' ssuccessful effort in 1998 to change the law to exclude the sale of unmetered electricity, including HVAC and chilled water to tenants, provided the supplier has paid the utility tax on the sale to the landlord.
The gas utility had operated an underground gas storage on the field for more than 40 years under a long-term lease agreement.
Your local utility company has a viable interest in your success - you are a consumer.
An organization called the Electric Utility Shareholders Alliance has taken out full-page ads in The Washington Post to argue, peculiarly, that people who own shares of stock in utility companies are the little guys who need protection when the government restructures the electric-power system.
One consequence of this colossal economic miscalculation is that monthly utility bills for the typical consumer have tripled since 1973.

Full browser ?