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 ?
A number of vehicle manufacturers, such as Peterbilt, Kenworth, Freightliner and others, have also progressed in the development of hybrid electric utility trucks for utility, telecom, municipal and other applications.
These risks and uncertainties include, without limitation, the risks that the electric sport utility truck (SUT) being marketed by Phoenix Motorcars, Inc.
Scope of Work: The City of Grand Rapids desires the purchase and delivery of one (1) utility truck, 4x4, 13,000 GVWR, tall covered body, as specified in the attached bid document.
President Barack Obama today previewed an innovative plug-in hybrid electric utility truck with a power system developed by diversified industrial manufacturer Eaton Corporation and the Electric Power Research Institute (EPRI).
A Toyota Celica crashed into the rear of the tractor-trailer, authorities said, and then was itself hit by a utility truck.
Phoenix Motorcars has announced the receipt of 75 fleet orders from several municipalities and an utility company for its new zero-emission, all-electric, freeway-ready sport utility truck.
TUJUNGA - A 16-year-old girl who police say was driving a stolen pickup on the wrong side of the road collided head-on with a utility truck Wednesday on Big Tujunga Canyon Road, injuring two men.
Hozumi, 20, died after his motorcycle was rear-ended in Mission Hills by a sport utility truck, officials said.
Phoenix Motorcars announced today that it remains focused on the fleet market, and following the installation and testing of the first Altairnano (NASDAQ: ALTI) NanoSafe[TM] batteries last week, the first sports utility truck (SUT) is now ready for prospective customer demonstrations.
Nasdaq: ALTI), will demonstrate its safe, fast charge, long life NanoSafe batteries in Phoenix Motorcars' zero emission, all electric, freeway-ready sports utility truck (SUT) and sports utility vehicle (SUV) at the Alternative Car and Transportation Expo to be held in Santa Monica, California on December 9th and 10th.
Phoenix Motorcars announced today that it has installed the first NanoSafe production battery pack system from Altairnano (NASDAQ: ALTI) in a Phoenix Motorcars sports utility truck (SUT), and completed initial testing.