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 ?
Although both GAO and the Maryland court upheld DoD's position on state regulatory authority, some, particularly those representing national associations of regulated utility companies, argue DoD is foolish to not desire the many benefits that state regulation has to offer.
He, however did not name the utility companies involved to whom they have sent notices to.
In 2017, African Utility Week was named the joint winner for the AAXO Award for Best Trade Exhibition 6001-12000 sqm category (with the World Travel Market).
Faculty for this school will consist of recognized experts in the field of subsurface utility engineering, applied geophysics and utility system design and operation.
The dependent variable, log [price.sub.ist] is the natural log of the average real price of electricity for the electric utility i in state 5 during year t for a specific end-use sector (i.e., residential or commercial).
It also provides that the applicant must purchase or provide a contract for an insurance agreement with a reliable insurance firm to compensate damages, injuries or death to passengers or third parties in case of intentional, wrongful, negligent or accidental injuries in the course of driving a utility vehicle.
Lighting professionals should know that utilities typically plan in one- to three-year cycles, and utility program managers planning for 2013-2015 are likely factoring in a significant budget increase for LED programs, based on our meetings and communications with more than 200 utilities across the U.S.
Utility store in Karachi increased 10 kg bag of flour by Rs 20 rupees and now it is Rs 330 while Lahore Utility Store sold 20 kg bag of flour at cost of 570 during Ramzan but after Ramzan they increase with the cost of 50 rupees and it is now Rs 620 rupees.
"The acquisition of these well maintained, high quality utility assets is another step towards our goal of expanding our presence in the North American regulated utilities market," commented Ian Robertson, Chief Executive Officer of APUC.
Rates may be going up for the 20,000 people and businesses that buy electricity from the Emerald People's Utility District.
AS RECENTLY AS 10 YEARS AGO, HARDWIRED BUILDINGS AND DOS-DEPENDENT COMPUTERS REPRESENTED STATE-OF-THE-ART UTILITY BILLING TECHNOLOGY FOR MULTIFAMILY PROPERTIES Data collection was slow, the wiring was vulnerable to inadvertent slicing, and proprietary utility-billing software made it difficult for clients to change their billing service provider.
(EBS), which provides utility management services to the multifamily housing industry.

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