Electric companies are businesses that generate, transmit, and distribute electricity to homes and businesses. They play a crucial role in providing power for everyday activities, from lighting and heating to powering appliances and electronics. These companies may operate in specific regions and can be publicly or privately owned. Many electric companies use a mix of energy sources, including fossil fuels, nuclear energy, and renewable resources like solar and wind power. They are regulated by government agencies to ensure fair pricing and reliable service. Customers typically pay monthly bills based on their electricity usage.