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)

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The new business awards cover USD8m of microgrid projects to integrate multiple generation sources, renewables, fuel cells and storage technology with PowerSecure's control solutions for a Fortune 500 technology company and an investor owned utility, USD7m of new DG solutions for healthcare, data centre, retail, utility, municipal and industrial customers, USD6m of company-owned DG systems for an existing Fortune 500 retail customer, and the extension of an existing contract with a utility customer and USD5m of new commercial and developer driven solar projects.

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