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 ?
According to the company, the HFC network upgrade opted for will be carried out to ensure the utility company's future capabilities in meeting subscribers' requirements for new, attractive services and greater bandwidth.
'Same in California, if they have an excess energy from their solar panels the utility company will use it and at the end of the year they receive the payment.
So, the amount of energy you can sell, how much you'll receive, and the form of repayment varies widely by state and utility company. Even if your state lacks clear regulations, many municipal and local governments require utilities to buy back energy, so make sure to check with your local government.
Last month, the Spanish company announced that it will make an all-cash offer for 100% of the shares in the Chilean utility company at a price of CLP4,700 (USD7.88/EUR6.33) per share, following the approval of CGE's shareholders, which agreed to sell 402m CGE shares.
It is unusual for a regional utility company to buy into a power retailer.
Welch of Holden gets his truck ready for work at Shrewsbury Electric and Cable Operations, Shrewsbury's municipally owned utility company.
A Bangor University spokeswoman said: "The university contacted the gas utility company and the fire service, who kept a cordon around the leak while the gas utility company dealt with the problem.
15 February 2012 - Banque Saudi Fransi and HSBC (LON:HSBA) have helped Saudi Arabian utility company Marafiq get a Murabaha facility from local lenders, the utility's head Thamer al-Sharhan said.
As the occurrence of natural disasters seems to be increasing, how does a utility company optimize its use of insurance to manage its potential expenses?
Saudi Arabia's state utility company SEC has awarded General Electric a set of contracts worth more than $500 million, aiming to boost the nation's power generating capacity by 1,680 megawatts.
A spokeswoman for Kirklees Council said: "Under the permit scheme the utility companies will have to pay for the permit and the council can impose requirements on the way that the work is carried out by the utility company.
Centrais Eletricas Brasileiras SA (Eletrobras) (EBR, ELET6.BR), a Brazil-based electric power utility company, is aiming to acquire shares in United States power companies.