- 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
Examples from the Web for public utility
Historical Examples of public utility
In regard to the former, it may be said at once that public-utility bonds do not meet the necessary conditions.
In general, it is certainly more difficult to dispose of public-utility bonds than railroad bonds.
As a class they yield more than government or municipal bonds, and less than public-utility or industrial bonds.
They form a class quite distinct from railroad bonds or public-utility bonds.
The term "public-utility company" denotes a private corporation supplying public needs under authority of a public franchise.
- an enterprise concerned with the provision to the public of essentials, such as electricity or waterAlso called (US): public-service corporation