utility

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Utility

A power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels.

Utility

1. In economics, the level satisfaction the person derives from a good or service. Utility is inherently subjective and thus difficult to measure, but it is important in determining how much supply of a product the market can handle without diminishing demand. Historically, it has been thought that one can quantify the utility of each unit, but some economists disagree with this. See also: Austrian school, Law of Diminishing Marginal Utility.

2. 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 - DJUA.

utility

A business that provides an essential service, generally under government regulation. Electric companies, gas transmission firms, and local telephone companies are utilities.

utility

  1. the satisfaction or pleasure that an individual derives from the CONSUMPTION of a GOOD or SERVICE. See UTIL, CARDINAL UTILITY, ORDINAL UTILITY, MARGINAL UTILITY, TOTAL UTILITY, UTILITY FUNCTION, DIMINISHING MARGINAL UTILITY.
  2. see PUBLIC UTILITY.
References in periodicals archive ?
Mouth-related sores: If one rinses one's mouth with Durva tea, it can be very useful in curing mouth ulcers.
Useful app for mobile workforces replaces paper workflow with familiar-looking forms including estimates, work orders and invoices in a native iPad app.
If, for example, the reader knows he needs to buy specific office supplies, he's going to find a web site more useful than a publication.
33% of shoppers find GDAs more useful than traffic lights
The economic useful life of the unit of property is "substantially prolonged" under the proposed regulations if it extends the period over which the property may reasonably be expected to be useful to the taxpayer beyond the end of the taxable year immediately following the tax year in which the economic useful life of the property was originally expected to cease.
Of these, four were plausibly related in a causal manner: (a) I learned information useful for job (correlation of .
The barrier performance and chemical inertness of Parylene are particularly useful for biomedical objects such as catheters or single-use medical instrumentation items with rubber seals, plungers or diaphragms.
If a cost is "inextricably associated with land," it increases the land's value and will continue to be useful when the property on it is replaced or rebuilt.
The Legal Information Institute of the law school at Cornell University is recognized as a valuable resource for legal research and is useful to RIM managers as they increasingly have to research laws and regulations that affect their polities, procedures, and retention practices.
GAAP has high value--for the most part--say a growing number of external users of private company also said certain GAAP standards aren't relevant and useful enough to help private companies make management, credit and investment decisions.
It would be helpful to move the main menu to a more prominent position, and dispense with or reformulate the useful links menu so the links are indeed useful, which they presently are not.
The British were consequently willing to use government as a useful tool without ever regarding its functions more comprehensively, and therefore, without challenging traditional assumptions that government itself was "a vast evil.