Utility Company


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Utility Company

A company that provides electricity, water or gas to customers. These companies are subject to a number of regulations at the local and national levels. They borrow more than most other companies; thus, a decline in utility stocks is often seen as an indicator of a coming rise in interest rates. See also: Dow Jones Utility Average.
References in periodicals archive ?
A wayleave would provide a right to terminate the contract, meaning that the utility company would have to remove the apparatus.
If the road patch starts to fail, the utility company is expected to respond and repair the pavement within four hours of being notified.