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 ?
At present, Ontario Power Generation (the publicly owned utility that used to be part of Ontario Hydro) provides 85% of the province's electricity.
Publicly owned utility power sales totalled approximately $26 billion, and IOUs had electric revenues of about $160 billion.
Each entity that is at the table - whether it be an investor-owned utility, a publicly owned utility, a direct service industry, an environmental group, a tribal government, or a state government - will need to understand that there are risks in not negotiating out a regional solution to these very difficult problems.
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.
Another major factor in Paragould's success in recruiting industry during the past six years is its publicly owned utility, City Light and Water, says Ron Rooney, president of Arkansas Methodist Hospital, who serves as president of the chamber's board of directors.
EBMUD, a publicly owned utility governed by a seven-member Board of Directors elected from wards, serves 1.2 million people and is headquartered in Oakland, California.