public utility
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 access. Public utilities may be owned by the government or operated as private companies under strict regulations.
Public utilities are responsible for maintaining infrastructure, such as power lines and water treatment facilities, to deliver their services efficiently. They play a vital role in supporting communities and economies by ensuring that residents and businesses have access to necessary resources.