public utility

(redirected from Investor-owned utility)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

public utility

an undertaking which provides a certain basic good or service such as gas, electricity or telecommunications. In some countries public utilities are mainly owned by the State, while in others they are privately owned but subject to regulation by the government. See RATE OF RETURN REGULATION, NATIONALIZATION VERSUS PRIVATIZATION.
References in periodicals archive ?
Another clue was that the cooperative allowed a small town where their franchise had just expired to be taken over by the investor-owned utility with absolutely no fight or resistance by the cooperative.

Full browser ?