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TeachMeFinance.com - explain Utility Utility The term 'Utility' as it applies to the area of reclamation can be defined as ' A regulated entity which exhibits the characteristics of a natural monopoly. For the purposes of electric industry restructuring, 'utility' refers to the regulated, vertically integrated electric company. 'Transmission utility' refers to the regulated owner/operator of the transmission system only. 'Distribution utility' refers to the regulated owner/operator of the distribution system which serves retail customers'. Previous 5 Terms: USTR Usual market requirements (UMR) Utah Health Information Network UTC uterolith Next 5 Terms: Utility demand-side management costs Utility distribution companies Utility generation Utility-sponsored conservation program Utilization rates 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.