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TeachMeFinance.com - explain Privately owned electric utility Privately owned electric utility The term 'Privately owned electric utility' as it applies to the area of energy can be defined as ' A class of ownership found in the electric power industry where the utility is regulated and authorized to achieve an allowed rate of return'. Previous 5 Terms: Private Contract Private Fee-For-Service Plan Private fueling facility Private sector Private voluntary organization (PVO) Next 5 Terms: PRN pro Probabilistic risk analysis Probabilistic risk assessment (PRA) Probability About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.