public utility

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

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 ?
placed second in the world, second in the apprentice written test and second in the investor-owned utility division.
The cooperative was attractive to the investor-owned utility because its service area encompassed a prime economic development area of the state.
Allegheny Energy is an investor-owned utility consisting of two major businesses.
It would also force public utility water and sewer customers to subsidize the location of investor-owned utility facilities beginning January 1, 2007.

Full browser ?