A public utility is a company that provides essential services to the public, such as electricity, water, natural gas, and telecommunications. These services are crucial for daily life and are often regulated by government agencies to ensure fair pricing and reliable service. Public utilities may be owned by the government or operated as private companies under strict regulations. Public utilities are typically required to serve all customers within their designated areas, ensuring that everyone has access to necessary resources. They play a vital role in infrastructure development and maintenance, contributing to the overall well-being of communities and supporting economic growth.