public utility

public utility
An organization that provides resources or services considered essential for the public good. Typical examples of public utilities include (i) electricity, gas, and water supplies, (ii) refuse collection, (iii) postal services, and (iv) certain forms of transport. Public utilities often enjoy government-sanctioned * monopoly rights.

Auditor's dictionary. 2014.

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  • public utility — n: a business organization (as an electric company) performing a public service and subject to special government regulation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. public utility …   Law dictionary

  • public utility — public utility, adj. 1. a business enterprise, as a public service corporation, performing an essential public service and regulated by the federal, state, or local government. Cf. utility (def. 3). 2. Usually, public utilities. stocks or bonds… …   Universalium

  • public utility — ➔ utility * * * public utility UK US noun [C, usually plural] COMMERCE ► a company that supplies water, gas, or electricity to people: »Transportation, public utilities and construction accounted for another 14,000 jobs. »public utility… …   Financial and business terms

  • public utility — n. an organization supplying water, electricity, transportation, etc. to the public, operated, usually as a monopoly, by a private corporation under governmental regulation or by the government directly …   English World dictionary

  • public utility — ► NOUN ▪ an organization supplying the community with electricity, gas, water, or sewerage …   English terms dictionary

  • Public utility — Utilities redirects here. For other uses, see Utility (disambiguation). Public infrastructure Assets and facilities Airports  …   Wikipedia

  • public utility — A privately owned and operated business whose services are so essential to the general public as to justify the grant of special franchises for the use of public property or of the right of eminent domain, in consideration of which the owners… …   Black's law dictionary

  • public utility — noun a company that performs a public service; subject to government regulation (Freq. 1) • Syn: ↑utility, ↑public utility company, ↑public service corporation • Hypernyms: ↑service • Hyponyms …   Useful english dictionary

  • public utility — UK / US noun [countable] Word forms public utility : singular public utility plural public utilities a company that provides gas, electricity, or water for people to use …   English dictionary

  • Public Utility Model — ( PUM ) EMS is an ambulance system in which the community retains public control of the ambulance system s capital assets and accounts receivable through direct, accountable daily oversight. It then subcontracts the day to day operations to an… …   Wikipedia

  • public utility — public utilities N COUNT Public utilities are services provided by the government or state, such as the supply of electricity and gas, or the train network. Officials said water supplies and other public utilities in the capital were badly… …   English dictionary

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