Public Utility Definition
noun
An organization supplying water, electricity, transportation, etc. to the public, operated, usually as a monopoly, by a private corporation under governmental regulation or by the government directly.
Webster's New World
A company such as an electric company or gas company, the nature of which is to be a monopoly in a particular region. Because no free-market forces can exist in this situation, governmental regulation of such companies is the norm.
Webster's New World Law
Synonyms:
- public-service corporation
- public utility company
- utility
- light and power
- natural monopoly
- public-service
Public Utility Is Also Mentioned In
Find Similar Words
Find similar words to public utility using the buttons below.