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 ?
The Lodi electric utility serves as an enterprise system for the city of Lodi, CA, and provides retail electric service to a customer base of approximately 27,558 customers in the city of Lodi, which is located in CA's San Joaquin Valley, 35 miles south of Sacramento.
Utility computing is working now, though not in the comprehensive sense that end-users would like, and that vendors are working towards.
Utility computing is already helping some insurers by allowing them to pay only for the services they use, such as storage, network bandwidth, central processing traits and servers.
Pennsylvania's story has been a success story," the chairman of the Pennsylvania Public Utility Commission, John Quain, told Congress in mid-February.
On average, the present value of future decommissioning costs would represent more than 6% of total utility assets and exceed four times net income.
Section 11-1102 of the New York City Administrative Code imposes a Utility Tax on every "Vendor of Utility Services" (Vendor) in the City.
A utility with these competing private sector pressures - particularly in today's deregulated world - should not have the public power of eminent domain.
Special Rates - Almost all utility companies offer special rates that apply to foundry operations.
When the local utility was deciding how to set its rates, "it went to the big industrial consumers first," said Crapo.
He also makes his account more interesting by devoting considerable space to a lively history of the electric utility industry that sheds light on how the industry reached the current crisis.
Industry experts recognize that SmartTrack[TM] for Utilities fills a significant need among mid-size utility companies.
It is easy to understand why the concept of utility computing has become latest trend in Information Technology.

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