What does public utility mean?

Definitions for public utility
pub·lic util·i·ty

This dictionary definitions page includes all the possible meanings, example usage and translations of the word public utility.

Princeton's WordNet

  1. utility, public utility, public utility company, public-service corporationnoun

    a company that performs a public service; subject to government regulation

Wikipedia

  1. Public utility

    A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods/services that are considered essential; water, gas, electricity, telephone, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. If the infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by economies of scale in production.There are many different types of public utilities. Some, especially large companies, offer multiple products, such as electricity and natural gas. Other companies specialize in one specific product, such as water. Modern public utilities may also be partially (or completely) sourced from clean and renewable energy in order to produce sustainable electricity. Of these, wind turbines and solar panels are those used most frequently.

ChatGPT

  1. public utility

    A public utility is a business or service, often government-owned or regulated, that provides essential public commodities or services such as water, electricity, natural gas, telecommunications, and transportation. They obtain special privileges and rights to supply the general public due to the nature of their services being necessary for community welfare and overall economic stability. They are usually monopolistic in nature to control infrastructure costs and are regulated in pricing and services to protect consumers from exploitation.

Wikidata

  1. Public utility

    A public utility is an organization that maintains the infrastructure for a public service. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies. The term utilities can also refer to the set of services provided by these organizations consumed by the public: electricity, natural gas, water, and sewage. Telephony may occasionally be included within the definition.

Editors Contribution

  1. public utility

    A social enterprise or nationalized organization that provides a service to members of the public.

    Public utilities can be rail networks, ferry networks and solar power networks.


    Submitted by MaryC on January 22, 2021  

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How to pronounce public utility?

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Numerology

  1. Chaldean Numerology

    The numerical value of public utility in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of public utility in Pythagorean Numerology is: 8

Examples of public utility in a Sentence

  1. Granger Morgan:

    No one at the moment has authority to deal with the entire system, and we need to get that situation fixed, we’ve got the federal regulators overseeing the high voltage system that brings power across long distances. We’ve got state public utility commissions dealing with things at the state level, we got both private and public power.

  2. Michael Kratsios:

    This covers everything from schools, hospitals, transit systems, utility departments and other government facilities, the majority of these purchases are actually done by public schools and universities, but you do see a lot of activity also in the in public utility space and even some activity in the judiciary.

  3. Granger Morgan:

    We’ve got the federal regulators overseeing the high voltage system that brings power across long distances. We’ve got state public utility commissions dealing with things at the state level, we got both private and public power.

  4. Harold Feld:

    ' Common carriage' is an economic regulation that is about making sure everybody gets the same product, and' public utility' is about the service being so important, it's not just that Clarence Thomas want to have it, Clarence Thomas have to have it. ... If Clarence Thomas're not going to die without it, it's probably not a public utility.


Translations for public utility

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"public utility." Definitions.net. STANDS4 LLC, 2024. Web. 19 May 2024. <https://www.definitions.net/definition/public+utility>.

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