| utility | 1. The quality or state of being useful; usefulness; production of good; profitableness to some valuable end; as, the utility of manure upon land; the utility of the sciences; the utility of medicines. "The utility of the enterprises was, however, so great and obvious that all opposition proved useless." (Macaulay) 2. Adaptation to satisfy the desires or wants; intrinsic value. See Note under Value. "Value in use is utility, and nothing else, and in political economy should be called by that name and no other." (F. A. Walker) 3. Happiness; the greatest good, or happiness, of the greatest number, the foundation of utilitarianism. Synonym: Usefulness, advantageous, benefit, profit, avail, service. Utility, Usefulness. Usefulness has an Anglo-Saxon prefix, utility is Latin; and hence the former is used chiefly of things in the concrete, while the latter is employed more in a general and abstract sense. Thus, we speak of the utility of an invention, and the usefulness of the thing invented; of the utility of an institution, and the usefulness of an individual. So beauty and utility (not usefulness) are brought into comparison. Still, the words are often used interchangeably. Origin: OE. Utilite, F. Utilite, L. Utilitas, fr. Utilis useful. See Utile. Source: Websters Dictionary (01 Mar 1998) |
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| public utility commissions | State agencies that regulate investor-owned utilities operating in the state. (05 Dec 1998) |
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| public utility district | (PUD) A publicly owned energy producer or distributor. PUDs operate as special government districts under the authority of elected commissions. They are not regulated by public utility commissions. (05 Dec 1998) |
| public utility regulatory policies act | (PURPA) A federal law requiring a utility to buy the power produced by a qualifying facility at a price equal to that which the utility would otherwise pay if it were to build its own power plant or buy power from another source. (05 Dec 1998) |
| investor-owned utility | (IOU) A private power company owned by and responsible to its shareholders and regulated by a public service commission. (05 Dec 1998) |