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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
"We continue to believe that inverse condemnation, as applied to a privately owned utility, is a flawed legal doctrine that is bad for all Californians."
Europe's largest privately owned utility company E.ON is concerned that inconsistent regulation of power plants could reverse the integration of energy markets in the EU.
As a privately owned utility, all decisions about the rates charged and services provided to customers are currently approved by the Public Utilities Commission.