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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References in periodicals archive ?
As one of UAE's leading privately owned utility company, Utico owns and operates water and power generation facilities, Transmission & Distribution networks, and is also the largest utilities developer in the UAE.
He said one privately owned utility company in which the government holds a stake is confirmed for listing next year, in addition to two or more firms from the oil and gas sector.
The Holt Fintech Accelerator Program is based in Montreal and extends the entrepreneurship legacy of Sir Herbert Holt, Quebec's energy pioneer, who created one of the largest privately owned utility firms in the world.