An electric utility is a company (often a public utility) that engages in
the generation, transmission, and distribution of electricity for sale
generally in a regulated market. The electrical utility industry is a major
provider of energy in most countries. Electricity is an integral part of
life in the Developed world. It is indispensable to factories, commercial
establishments, homes, and even most recreational facilities. Lack of
electricity causes not only inconvenience, but, also economic loss due to
reduced industrial production.
Electric utilities include investor owned, publicly owned, cooperatives, and
nationalized entities. They may be engaged in all or only some aspects of
the industry. Electricity markets are also considered electric
utilities--these entities buy and sell electricity, acting as brokers, but
usually do not own or operate generation, transmission, or distribution
facilities. Utilities are regulated by local and national authorities.
From: Wikipedia
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ELECTRIC
UTILITY