public utility

(redirected from Investor owned utility)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Investor owned utility: public utility

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)

References in periodicals archive ?
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.
While the rate increase is substantial, Snohomish PUD's retail rates will remain essentially in-line with the nearest investor owned utility, Puget Sound Energy; with residential and small commercial rates slightly above and industrial rates below those of Puget's customers.
UTILX is a wholly owned subsidiary of Puget Sound Energy, based in Bellevue, WA and the largest investor owned utility in Washington State.

Full browser ?