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TeachMeFinance.com - explain Municipal utility (municipally-owned electric system) Municipal utility (municipally-owned electric system) The term 'Municipal utility (municipally-owned electric system)' as it applies to the area of reclamation can be defined as ' A utility that is owned and operated by a city. In most cases, municipal utility rates are set at the city level, either by the municipal administration or by a local utility board or commission. In some limited circumstances, state-level regulation applies. Municipal utilities often have access to low-cost power from federal hydroelectric projects and can obtain low interest loans, and they are exempt from income and other taxes at the federal and state levels. These factors contribute to lower financing costs for plant and equipment. Municipal utilities serve roughly 14 percent of the nation's electric customers'. Previous 5 Terms: Multi-stage pump multi-variable equation Municipal solid waste Municipal Solid Waste (MSW) Municipal Use of Water Next 5 Terms: Municipal waste Municipal waste to energy project or plant municipal water system Municipality Municipalization About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.