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public utility |
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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) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Utility companies are unique, in that they are for-profit service organizations that have a great deal of responsibility to the government and constituents of the areas that they serve. In addition to meeting the guidelines of the New York Public Service Commission, the leading utility companies in this market, Keyspan, Con Edison and Orange and Rockland Utilities, are receptive to Intelligent Energy's starting operations in the region. While wholesale energy prices surged, the market became volatile and utility companies struggled to remain solvent. |
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