public utility

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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 ?
And then, Pfeifer predicts, there are so me privately owned utility companies that refuse to relocate without compensation--and a set of active railroad tracks running through the area that nobody has even begun to move.
City Administrative Officer Keith Comrie also defended the DWP payment, saying it is similar to what it would have to pay in property taxes if it was a privately owned utility.
From Table 3 it can be seen that in our sample as well, the typical publicly owned utility produces much less output than does the average privately owned utility.