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 ?
Hydro-Quebec, a publicly-owned utility with a total available capacity of 37,000 MW, serves 3.
1 million customers of SMUD -- the nation's fifth largest publicly-owned utility.