public utility
noun
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
OTHER WORDS FROM public utility
pub·lic-u·til·i·ty, adjectiveWords nearby public utility
Example sentences from the Web for public utility
British Dictionary definitions for public utility
public utility
noun
an enterprise concerned with the provision to the public of essentials, such as electricity or water
Also called (US): public-service corporation
Cultural definitions for public utility
public utility
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.