Electric utility in the context of "Investor-owned utility"

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⭐ Core Definition: Electric utility

An electric utility, or a power company, is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. Electric utilities are major providers of energy in most countries.

Electric utilities include investor owned, publicly owned, cooperatives, and nationalized entities. They may be engaged in all or only some aspects of the industry. Electricity markets are also considered electric utilities—these entities buy and sell electricity, acting as brokers, but usually do not own or operate generation, transmission, or distribution facilities. Utilities are regulated by local and national authorities.

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Electric utility in the context of Public utilities

A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.

Public utilities are meant to supply goods and services that are considered essential; water, gas, electricity, telephone, waste disposal, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. A monopoly can occur when it finds the best way to minimize its costs through economies of scale to the point where other companies cannot compete with it. If the infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by economies of scale in production. Though it can be mentioned that these natural monopolies are handled or watched by a public utilities commission, or an institution that represents the government.

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Electric utility in the context of Electricity generation

Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storage, using for example, the pumped-storage method.

Consumable electricity is not freely available in nature, so it must be "produced", transforming other forms of energy to electricity. Production is carried out in power stations, also called "power plants". Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission, but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power. There are exotic and speculative methods to recover energy, such as proposed fusion reactor designs which aim to directly extract energy from intense magnetic fields generated by fast-moving charged particles generated by the fusion reaction (see magnetohydrodynamics).

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Electric utility in the context of Public capital

Public capital is the aggregate body of government-owned assets that are used as a means for productivity. Such assets span a wide range including: large components such as highways, airports, roads, transit systems, and railways; local, municipal components such as public education, public hospitals, police and fire protection, prisons, and courts; and critical components including water and sewer systems, public electric and gas utilities, and telecommunications. Often, public capital is defined as government outlay, in terms of money, and as physical stock, in terms of infrastructure.

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Electric utility in the context of Tennessee Valley Authority

The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. While owned by the federal government, TVA receives no taxpayer funding and operates similarly to a private for-profit company. It is headquartered in Knoxville, Tennessee, and is the sixth-largest power supplier and largest public utility in the country.

The TVA was created by Congress in 1933 as part of President Franklin D. Roosevelt's New Deal. Its initial purpose was to provide navigation, flood control, electricity generation, fertilizer manufacturing, regional planning, and economic development to the Tennessee Valley, a region that had suffered from lack of infrastructure and even more extensive poverty during the Great Depression than other regions of the nation. TVA was envisioned both as a power supplier and a regional economic development agency that would work to help modernize the region's economy and society. It later evolved primarily into an electric utility. It was the first large regional planning agency of the U.S. federal government, and remains the largest.

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Electric utility in the context of Service drop

In electric power distribution, a service drop is an overhead electrical line running from a utility pole, to a customer's building or other premises. It is the point where electric utilities provide power to their customers. The customer connection to an underground distribution system is usually called a "service lateral". Conductors of a service drop or lateral are usually owned and maintained by the utility company, but some industrial drops are installed and owned by the customer.

At the customer's premises, the wires usually enter the building through a weatherhead that protects against entry of rain and snow, and drop down through conduit to an electric meter which measures and records the power used for billing purposes, then enters the main service panel. The utility's portion of the system ends, and the customer's wiring begins, at the output socket of the electric meter. The service panel will contain a "main" fuse or circuit breaker, which controls all of the electric current entering the building at once, and a number of smaller fuses/breakers, which protect individual branch circuits. There is always provision for all power to be cut off by operating either a single switch or small number of switches (maximum of six in the United States, for example); when circuit breakers are used this is provided by the main circuit breaker.

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Electric utility in the context of Engie

Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy, district energy, and the petroleum industry. It is involved in both upstream (engineering, sale, operation, maintenance) and downstream (waste management, dismantling) activities.

Engie supplies electricity to 27 countries in Europe and 48 countries worldwide. The company, formed on July 22, 2008, by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. As of 2022, Engie employed 96,454 people worldwide with revenues of €93.86 billion.

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Electric utility in the context of Electric railway

Railway electrification is the use of electric power for the propulsion of rail transport. Electric railways use either electric locomotives (hauling passengers or freight in separate cars), electric multiple units (passenger cars with their own motors) or both.Electricity is typically generated in large and relatively efficient generating stations, transmitted to the railway network and distributed to the trains. Some electric railways have their own dedicated generating stations and transmission lines, but most purchase power from an electric utility. The railway usually provides its own distribution lines, switches, and transformers.

Power is supplied to moving trains with a (nearly) continuous conductor running along the track that usually takes one of two forms: an overhead line, suspended from poles or towers along the track or from structure or tunnel ceilings and contacted by a pantograph, or a third rail mounted at track level and contacted by a sliding "pickup shoe". Both overhead wire and third-rail systems usually use the running rails as the return conductor, but some systems use a separate fourth rail for this purpose.

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