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 ?
The global utility trucks market size is expected to reach USD 127.46 billion by 2030 expanding at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc.
Both of those conditions routinely exist in utility trucks, where engines supply power for aerial lift buckets, post hole drills, tree trimmers and other equipment at the work site.
Caption: Utility trucks use Sun counterbalance valves to keep lift platforms stable during power line repairs.
Pacific Gas and Electric Company of California has added four Phoenix Motorcars all-electric sport utility trucks to its fleet.
The Hybrid Electric System, which was seven years in development, is currently deployed in 167 pre-production field units: 93 with FedEx, 50 with UPS, and 24 HTUF utility trucks.
SKN-ERDMP/ICB03), and the supply and delivery of three utility trucks (Bid No.
The soldiers on board a KM250 and four KM450 utility trucks were supposed to conduct pursuit operations when they encountered suspected members of the Pulang Bagani Command of the Southern Mindanao Regional Command of the New People's Army.
Waukesha, WI, July 30, 2014 --(PR.com)-- DUECO, Inc., the largest privately owned provider of Terex Utilities and Terex[R] Hi-Ranger bucket trucks, digger derricks, cranes, and material handlers in the country, has announced the appointment of Tim Fatla as Design Application Engineer, supporting customer orders in 17 states for utility trucks. Fatla will be primarily responsible for the design and general layout of custom aerial and digger derrick trucks, supporting the projects from customer approval through the entire production process to final delivery.
A plug-in hybrid electric vehicle system for utility trucks and vans is being developed in a $1.6 million joint effort in California.
Waukesha, WI, July 29, 2014 --(PR.com)-- DUECO, Inc., the largest privately owned provider of Terex Utilities and Terex[R] Hi-Ranger bucket trucks, digger derricks, cranes, and material handlers in the country, has announced the appointment of Timothy Urbas as Design Application Engineer, supporting customer orders in 17 states for utility trucks. Urbas will be primarily responsible for the design and engineering of DUECO's custom truck bodies.