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public utility
(redirected from Investor owned utility)

   Also found in: Encyclopedia, Wikipedia 0.20 sec.

public utility n. any organization which provides services to the general public, although it may be privately owned. Public utilities include electric, gas, telephone, water, and television cable systems, as well as streetcar and bus lines. They are allowed certain monopoly rights due to the practical need to service entire geographic areas with one system, but they are regulated by state, county and/or city public utility commissions under state laws. (See: monopoly)



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The key determinants of whether a new municipal utility can deliver lower rates to its customers are its ability to 1) establish a power supply portfolio that achieves lower cost than the incumbent investor owned utility can provide (a mix of regulated power supply, spot purchases, and DWR obligations), and 2) recover the acquisition costs of the IOU's distribution system.
Wingenroth serves on the boards of the Pennsylvania Economy League, Greater Berks Development Fund and the National Investor Owned Utility Economic Development Association.
 
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