public utility(redirected from Investor-owned utility)
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A private business organization, subject to governmental regulation, that provides an essential commodity or service, such as water, electricity, transportation, or communication, to the public.
(Commerce) an enterprise concerned with the provision to the public of essentials, such as electricity or water. Also called (US): public-service corporation
a business enterprise, as a gas company, performing an essential public service and regulated by the federal, state, or local government.
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|Noun||1.||public utility - a company that performs a public service; subject to government regulation|
service - a company or agency that performs a public service; subject to government regulation
phone company, phone service, telco, telephone company, telephone service - a public utility that provides telephone service
electric company, light company, power company, power service - a public utility that provides electricity