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public utility

a business enterprise, as a public-service corporation, performing an essential public service and regulated by the federal, state, or local government.
Compare utility (def 3).
Usually, public utilities. stocks or bonds of public-utility companies, excluding railroads.
Origin of public utility
First recorded in 1900-05
Related forms
public-utility, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for public utility

public utility

an enterprise concerned with the provision to the public of essentials, such as electricity or water Also called (US) public-service corporation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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public utility in Culture

public utility definition

A private company supplying water, gas, electricity, telephone service, or the like, which is granted a monopoly by the government and then regulated by the government.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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