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 power transmission and distribution system is being transformed The power industry, trailing behind other sectors already revolutionized by computerization (telecom, manufacturing) is seeing an explosion of smart grid demonstration projects, and utility programs.
For those worried about leaky Word documents, Byers suggests using a different word processing program, employing utility programs that scrub information from Word documents, or following Microsoft's advice about how to make documents safer.
Many utility programs offer generous rebates for replacing inefficient lighting elements, including fixtures, ballasts and bulbs.
Software installation consisted of running a program from a floppy disk and then using an included cartridge that contains a variety of utility programs.
Prior to joining ESG, Raphaelson served as President of Utility Programs and Metering Inc.
This event is expected to attract over 75 utility and sponsor organization staff as well as trade allies that provide products and services to support utility programs.
11, 2013 /PRNewswire-USNewswire/ -- In the wake of federal data showing that Illinois households are among the nation's top energy guzzlers, the Citizens Utility Board (CUB) will release an analysis that quantifies tens of millions of dollars in potential statewide savings available to families through money-saving utility programs.

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