Definition of Public utility

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TeachMeFinance.com - explain Public utility



Public utility

The term 'Public utility' as it applies to the area of energy can be defined as ' Enterprise providing essential public services, such as electric, gas, telephone, water, and sewer under legally established monopoly conditions'.

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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".


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