Public Utility Legal Meaning and Definition

Here is a simplified definition of the legal term Public Utility.

Public Utility (noun)

A public utility is a company or organization that provides a specific service, like electricity, water, or transportation, which is available to all members of the community. These services are often regulated by governmental entities to ensure fair access and pricing. For instance, a city bus system is considered a public utility, whereas a private car service would not be.